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240602

Sponsor: Mayor Quinton Lucas Authorizing the City Manager to solicit credit assistance through the Transportation Infrastructure Finance and Innovation Act (“TIFIA”) in an amount not to exceed $65 million to assist with the design and construction of the South Loop Link Project (“the Project”); authorizing the City Manager to submit an application to the Partnership Development Cost Share program to solicit assistance with certain elements of the South Loop Project; directing the Director of Finance to develop a plan of finance; and authorizing the City Manager to negotiate and execute any related documents and loan agreements subject to the Council’s approval of the plan of finance.

Ordinance Passed Introduced July 16, 2024

What this record is

Amount
$65.0M
Runs until
no end date published in this record
Type
contract
Field
Construction

Read automatically from the title of the official record. The source document below is authoritative.

Committee
Council
Introduced
July 16, 2024
On agenda
August 1, 2024
Passed
August 1, 2024

Where it was heard

Council Aug 1, 2024 Passed as Substituted Pass Finance, Governance and Public Safety Committee Jul 30, 2024 Adv and Do Pass as Cmte Sub Council Jul 25, 2024 referred