KCATA Governance & Audit Standing Committee AgendaPacket 2026-06-08
KCATA Reviews Commerce Bank $15M Line of Credit Policy
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Description
KCATA Board discussed policies governing its secured Line of Credit with Commerce Bank, capped at $15 million and subject to annual renewal. No explicit change in contract was approved but requirement for ongoing formal Board approval was discussed.
Contract Details
Contract Amount
$15,000,000 cap
Vendor
COMMERCE BANK
Agency
Kansas City Area Transportation Authority, MO
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
annual renewal; term not specified
Renewal Info
Board must approve renewal annually; policy discussions considered if lender/amount changes should require explicit full Board approval.
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