FINANCIAL_SERVICESAMENDED

C/CAG Extends Operating Loan to Express Lanes JPA

The SMCEL-JPA Board approved a Third Amendment to its Cooperative Funding Agreement with C/CAG, securing an additional operating loan of up to $1,350,000 for FY 2022-23. The loan helps cover express lanes operating costs until toll revenues fully support the budget.

Document date · July 8, 2022

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,350,000
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal Year 2022-23; advances available through July 31, 2023
Renewal date
2027-12-31
Renewal
Third amendment to an existing operating loan agreement; loan to be repaid with interest over a five-year period after toll revenues commence, with advances permitted monthly through July 31, 2023.
Document type
AgendaPacket
Source document
San Mateo County Express Lanes Joint Powers Authority Agenda Packet 2022-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by San Mateo County Express Lanes Joint Powers Authority?

City/county Association of Governments of San Mateo County (c/cag) was awarded this financial services contract by San Mateo County Express Lanes Joint Powers Authority, as recorded on July 8, 2022. The contract value is $1,350,000.

How much is the City/county Association of Governments of San Mateo County (c/cag) contract with San Mateo County Express Lanes Joint Powers Authority worth?

The City/county Association of Governments of San Mateo County (c/cag) contract with San Mateo County Express Lanes Joint Powers Authority is valued at $1,350,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in San Mateo County Express Lanes Joint Powers Authority Agenda Packet 2022-07-08 (AgendaPacket), dated July 8, 2022 from San Mateo County Express Lanes Joint Powers Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City/county Association of Governments of San Mateo County (c/cag) hold?

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