File #: 25-328    Version: 1 Name:
Type: Approval Item Status: Passed
File created: 10/28/2025 In control: CMAP Board
On agenda: 11/12/2025 Final action: 11/12/2025
Title: Authorization to establish a Revolving Line of Credit (LOC) with a financial institution and adopt the policy for LOC utilization
Attachments: 1. Memo - Revolving LOC and utilization policy, 2. Attachment 1 - BMO LOC Proposal, 3. Attachment 2 - CMAP LOC Policy

title

Authorization to establish a Revolving Line of Credit (LOC) with a financial institution and adopt the policy for LOC utilization

action

ACTION REQUESTED: Approval

purpose

PURPOSE & ACTION: Bids from financial institutions for establishing a Revolving Line of Credit (LOC) and a policy for LOC utilization are presented to the Board for consideration and approval.

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