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FINANCIAL_SERVICESAPPROVED

San Bernardino County Transportation Authority Board of Directors Meeting Agenda May 2026

Term Loan Approved for I-10/Cedar Avenue Interchange

Not-to-exceed $13,995,381 (includes $2,750 loan fee and $19,887,619 deposit requirement)San Bernardino County Transportation AuthoritySAN BERNARDINO COUNTYMay 5, 2026

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Description

SBCTA will approve Term Loan Agreement 26-1003454 with San Bernardino County to provide up to $13,995,381 in financing for the I-10/Cedar Avenue Interchange Project. The County will pay a loan fee and significant deposit, with each party responsible for its own legal costs under the revised terms.

Contract Details

Contract Amount

Not-to-exceed $13,995,381 (includes $2,750 loan fee and $19,887,619 deposit requirement)

Vendor

SAN BERNARDINO COUNTY

Agency

San Bernardino County Transportation Authority, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 5, 2026

Renewal Info

Single project-specific term loan; revised to have each party cover its own legal costs. No explicit renewal provisions described.

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San Bernardino County Transportation Authority (California)Not-to-exceed $13,995,381 plus $2,750 loan fee and $19,887,619 depositApril 16, 2026

Issuing Agency

San Bernardino County Transportation Authority

Special District

San Bernardino, CA

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Vendor

SAN BERNARDINO COUNTY

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