Agenda Item GNLRT ADVISORY COMMITTEE 4Th April 2006

Total Page:16

File Type:pdf, Size:1020Kb

Agenda Item GNLRT ADVISORY COMMITTEE 4Th April 2006 Agenda Item GNLRT ADVISORY COMMITTEE th 4 April 2006 REPORT OF THE HEAD OF TRANSPORT PROJECTS NET LINE ONE - OPERATIONAL PERFORMANCE: NOVEMBER 2005 - FEBRUARY 2006 1. PURPOSE OF REPORT To inform the Committee of the performance of NET Line One over the period November 2005 to the end of February 2006. 2. RECOMMENDATION It is RECOMMENDED that the Committee notes this report. 3. SYSTEM PERFORMANCE 3.1 During the four month period from November to the end of February average monthly reliability and punctuality of tram services remained high with, on average, only 0.75% of trips having to be cancelled and 1.6% of trips running late. The proportion of late trips did however increase slightly in the run-up to Christmas, mainly as a result of heavy traffic causing some trips to be delayed. This was made worse on some days by a lack of availability of trams due to certain vehicles suffering damage from vandalism or minor road traffic accidents and others undergoing servicing. 3.2 There was a continued overall increase in patronage over the period. The most recent patronage estimates indicate that at least 9.7 million trips will have been made on the system during the second full year of operations (March 2005 – March 2006). This compares to 8.4 million in the first year. Further boarding and alighting surveys were undertaken during March to obtain further details about how people use the system. 3.3 Mobility surveys were carried out in February in order to assess system usage by those with mobility difficulties. The results of the surveys are expected to be available shortly. 3.4 Park and ride continues to be popular with Phoenix Park, Hucknall and The Forest being full or close to capacity on most days. Reported car crime remains relatively low and, following a slight rise in November, the number of incidents fell back again in December, January and February. 3.5 All trams have now been fitted with on-board CCTV. st 3.6 A change to some NET fares is due to be introduced from 1 April. This will see the introduction of an increased single adult fare during the morning peak period (before 9.30am) from £1.20 to £2.00. The principle reason for this change is to deter fare avoidance at these busy times, when some passengers are known to try to chance their luck by avoiding the conductor and, when approached, will only purchase a single ticket. Outside of this time and at weekends the adult single fare will remain unchanged. The City Centre Single ticket (currently £1.00 for travel between Royal Centre and Station Street) is to be withdrawn. There will be no change to the cost of an all-day (£2.20) or an all week (£10) ticket, which account for the majority of tickets sold. Child fares will also be affected with the cost of a single ticket increasing to £1 (currently 80p). All-day child tickets are to be withdrawn, in line with Nottingham City Transport fares, however group tickets will now allow up to four under 16s (previously three) to travel with one or two adults. E:\ModernGov\Data\Committ\Intranet\Greater Nottingham Light Rapid Transit Advisory Committee\20060613\Agenda\$0ygm2yr2.doc 1 3.7 The tram operating company, NTC, are proposing to shut the system down for a day on nd Sunday 2 April in order to carry out essential maintenance works. The trams will be replaced by a bus service on this day, operating at half hourly intervals from Hucknall and Phoenix Park and at 15 minute intervals along the core section of the route. Information regarding the shutdown and replacement bus service will be made available to the public at least seven days prior to the event. 3.8 The footbridge adjacent to the level crossing and tramstop at David Lane, which has been out of use for safety reasons since 2004, is due to be removed for refurbishment by Network Rail on the day of the tram shutdown. The work is expected to be completed and the bridge re- opened during the summer. HEAD OF TRANSPORT PROJECTS Lawrence House Talbot Street, Nottingham NG1 5NT Contact Officer: Chris Deas Telephone Number: 0115 9156133 E-mail: [email protected] E:\ModernGov\Data\Committ\Intranet\Greater Nottingham Light Rapid Transit Advisory Committee\20060613\Agenda\$0ygm2yr2.doc 2.
Recommended publications
  • Fredericton on the Move Fredericton Transit Strategic Plan 2018
    Fredericton on the Move Fredericton Transit Strategic Plan 2018 Final Report Prepared for Fredericton Transit Prepared by Stantec November 2018 Final Report Fredericton on the Move Fredericton Transit Strategic Plan 2018 November 12, 2018 Prepared for: Fredericton Transit Prepared by: Stantec Consulting Ltd. Transit Advisory TABLE OF CONTENTS EXECUTIVE SUMMARY I 1.0 PROJECT BACKGROUND 1 1.1 INTRODUCTION 1 1.2 BACKGROUND INFORMATION REVIEW 5 1.3 MARKET CONDITIONS 11 1.4 SYSTEM COMPARISON 26 1.5 ROUTE PERFORMANCE 35 2.0 STAKEHOLDER ENGAGEMENT 40 2.1 STAKEHOLDER ACTIVITIES 40 2.2 PREVALENT THEMES AND CONCERNS 43 2.3 SURVEY RESULTS 44 3.0 GAPS ANALYSIS 56 3.1 SERVICE PLANNING AND OPERATIONS 56 3.2 TECHNOLOGY 56 3.3 FARES 57 3.4 PARTNERSHIPS 58 3.5 MARKETING 59 3.6 FLEET 59 4.0 SERVICE PLANNING AND OPERATIONS 61 4.1 CURRENT NETWORK 61 4.2 NORTH SIDE HUB EVALUATION 65 4.3 PARK-AND-RIDE EVALUATION 72 4.4 SUNDAY SERVICE EVALUATION 83 4.5 ROUTING EVALUATION 94 5.0 TECHNOLOGY 114 5.1 CURRENT TECHNOLOGY APPROACH 114 5.2 FUTURE TECHNOLOGY PROSPECTS 116 5.3 TECHNOLOGY RECOMMENDATIONS 122 6.0 FARES 127 6.1 CURRENT FARE STRUCTURE 127 6.2 FARE PROSPECTS 135 6.3 FARE RECOMMENDATIONS 142 7.0 PARTNERSHIPS 147 7.1 CURRENT PARTNERSHIPS 147 7.2 PARTNERSHIP PROSPECTS 147 7.3 PARTNERSHIPS RECOMMENDATION 150 8.0 MARKETING 151 8.1 CURRENT MARKETING APPROACH 151 8.2 MARKETING PROSPECTS 154 8.3 MARKETING RECOMMENDATIONS 160 9.0 FLEET 162 9.1 CURRENT FLEET 162 9.2 FLEET PROSPECTS 162 9.3 FLEET RECOMMENDATIONS 164 9.4 FACILITY CONSIDERATIONS 167 10.0 PERFORMANCE CRITERIA 169 10.1 ABOUT PERFORMANCE CRITERIA 169 10.2 PERFORMANCE CRITERIA RECOMMENDATIONS 174 11.0 MOVING FORWARD 175 11.1 SUMMARY OF SHORT-TERM RECOMMENDATIONS (0-2 YEARS) 175 11.2 SUMMARY OF MEDIUM-TERM RECOMMENDATIONS (3-5 YEARS) 177 11.3 SUMMARY OF LONG-TERM RECOMMENDATIONS (5+ YEARS) 179 12.0 APPENDICES 183 12.1 THE NORTH AMERICAN BUS MARKET 183 12.2 FREDERICTON TRANSIT SURVEY QUESTIONS 189 FIGURES Figure 1 City wards of Fredericton.
    [Show full text]
  • Sustainable Urban Transport Master Plan City of Windhoek
    Sustainable Urban Transport Master Plan City of Windhoek Final - Main Report 1 Master Plan of City of Windhoek including Rehoboth, Okahandja and Hosea Kutako International Airport The responsibility of the project and its implementation lies with the Ministry of Works and Transport and the City of Windhoek Project Team: 1. Ministry of Works and Transport Cedric Limbo Consultancy services provided by Angeline Simana- Paulo Damien Mabengo Chris Fikunawa 2. City of Windhoek Ludwig Narib George Mujiwa Mayumbelo Clarence Rupingena Browny Mutrifa Horst Lisse Adam Eiseb 3. Polytechnic of Namibia 4. GIZ in consortium with Prof. Dr. Heinrich Semar Frederik Strompen Gregor Schmorl Immanuel Shipanga 5. Consulting Team Dipl.-Volksw. Angelika Zwicky Dr. Kenneth Odero Dr. Niklas Sieber James Scheepers Jaco de Vries Adri van de Wetering Dr. Carsten Schürmann, Prof. Dr. Werner Rothengatter Roloef Wittink Dipl.-Ing. Olaf Scholtz-Knobloch Dr. Carsten Simonis Editors: Fatima Heidersbach, Frederik Strompen Contact: Cedric Limbo Ministry of Works and Transport Head Office Building 6719 Bell St Snyman Circle Windhoek Clarence Rupingena City of Windhoek Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH P.O Box 8016 Windhoek,Namibia, www.sutp.org Cover photo: F Strompen, Young Designers Advertising Layout: Frederik Strompen Windhoek, 15/05/2013 2 Contents 1 Introduction ............................................................................................................................................ 15 1.1. Purpose ........................................................................................................................................
    [Show full text]
  • Asset Management Guide Supplement: Asset Category Overviews & Lifecycle Management Update
    Asset Management Guide Supplement: Asset Category Overviews & Lifecycle Management Update Original October 2012 Update September 2019 FTA Report No. 0138 Federal Transit Administration PREPARED BY Parsons Brinckerhoff, Inc. UPDATED BY U.S. DOT Volpe National Transportation Systems Center Cambridge Systematics COVER PHOTO Image courtesy of U.S. Department of Transportation DISCLAIMER This document is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The United States Government assumes no liability for its contents or use thereof. The United States Government does not endorse products of manufacturers. Trade or manufacturers’ names appear herein solely because they are considered essential to the objective of this report. Asset Management Guide Supplement: Asset Category Overviews & Lifecycle Management Update SEPTEMBER 2019 FTA Report No. 0138 PREPARED BY Parsons Brinckerhoff, Inc. One Penn Plaza New York, NY 11019 UPDATED BY U.S. DOT Volpe National Transportation Systems Center 55 Broadway Cambridge, MA 02142 Cambridge Systematics 101 Station Landing, Suite 410 Medford, MA 02155 AVAILABLE ONLINE https://www.transit.dot.gov/about/research-innovation FEDERAL TRANSIT ADMINISTRATION i MetricMetric Conversion Conversion Table Table Metric Conversion Table SYMBOL WHEN YOU KNOW MULTIPLY BY TO FIND SYMBOL LENGTH in inches 25.4 millimeters mm ft feet 0.305 meters m yd yards 0.914 meters m mi miles 1.61 kilometers km VOLUME fl oz fluid ounces 29.57 milliliters mL gal gallons 3.785 liters L ft3 cubic feet 0.028 cubic meters m3 yd3 cubic yards 0.765 cubic meters m3 NOTE: volumes greater than 1000 L shall be shown in m3 MASS oz ounces 28.35 grams g lb pounds 0.454 kilograms kg megagrams T short tons (2000 lb) 0.907 Mg (or "t") (or "metric ton") TEMPERATURE (exact degrees) 5 (F-32)/9 oF Fahrenheit Celsius oC or (F-32)/1.8 FEDERAL TRANSIT ADMINISTRATION iv FEDERAL TRANSIT ADMINISTRATION ii REPORT DOCUMENTATION PAGE Form Approved OMB No.
    [Show full text]
  • This Print Covers Calendar Item No.: 13
    THIS PRINT COVERS CALENDAR ITEM NO.: 13 SAN FRANCISCO MUNICIPAL TRANSPORTATION AGENCY DIVISION: Finance and Information Technology BRIEF DESCRIPTION: Approving the San Francisco Municipal Transportation Agency’s Fiscal Year (FY) 2021 and FY 2022 Operating Budget in the amounts of $1,283.8 million in FY 2021 and $1,336.9 million in FY 2022; including use of fund balance; authorizing changes to various fines, fees, fares, rates, and charges including free Muni for all youth under 19 years old and free Muni for individuals experiencing homelessness, and authorizing Sunday and evening parking meter enforcement;; amending the Transportation Code to address fees and penalties for FY 2021 and FY 2022, including a waiver of taxi fees for FY 2021 and FY 2022, reducing the low-income boot removal fee, creating a new one-time boot removal fee for individuals experiencing homelessness, establishing reduced tow fees for low-income individuals and individuals experiencing homelessness; approving the SFMTA’s FY 2021 and FY 2022 Capital Budget in the amounts of $559.8 million in FY 2021 and $553 million in FY 2022, funding projects within ten capital programs; retroactively waiving taxi driver permit renewal fees due between March 16, 2020 and June 30, 2020; authorizing the Director to make technical or clerical adjustments of up to ten percent; and authorizing the Director to work with the City Controller to conform the SFMTA’s budgets to any change in citywide budget submission schedules the Mayor adjusts through an emergency declaration to ensure that interim appropriations are available for the SFMTA to continue operations after July 1, 2020 until October 1, 2020, when the SFMTA budget for the period ending June 30, 2022 will be finally operative.
    [Show full text]
  • Boards of Directors
    MEETINGS OF THE Boards of Directors Valley Metro RPTA METRO Light Rail MEETING DATE MEETING DATE Thursday, February 19, 2015 Thursday, February 19, 2015 TIME TIME 12:15 p.m. 1:15 p.m. LOCATION Valley Metro RPTA Lake Powell Conference Room 101 N. 1st Avenue, 10th Floor Phoenix VALLEY METRO • 101 N 1ST AVE • STE 1300 • PHOENIX AZ • 85003 • 602-262-7433 February 12, 2015 Board of Directors Thursday, February 19, 2015 Lake Powell Conference Room 101 N. 1st Avenue, 10th Floor 12:15 p.m. The Pledge of Allegiance will be recited. Action Recommended 1. Public Comment 1. For information A 15-minute opportunity will be provided to members of the public at the beginning of the meeting to address the Board on all agenda items. The Chair may recognize members of the public during the meeting at his/her discretion. Up to three minutes will be provided per speaker or a total of 15 minutes total for all speakers. 2. Minutes 2. For action Minutes from the January 22, 2015 Board meeting are presented for approval. 3. Chief Executive Officer’s Report 3. For information Steve Banta, Chief Executive Officer (CEO), will brief the Board on current issues. CONSENT AGENDA 4A. Intergovernmental Agreement (IGA) with the Arizona 4A. For action Department of Transportation (ADOT) Staff will request that the Board of Directors authorize the CEO to enter into an IGA with ADOT for Section 5311 (Rural Transit) pass-through funding for Rural Route 685 for Federal Fiscal Year 2016 (FFY16). VALLEY METRO • 101 N 1ST AVE • STE 1300 • PHOENIX AZ • 85003 • 602-262-7433 4B.
    [Show full text]
  • Guidelines for Its Deployment in Urban Areas
    URBAN ITS EXPERT GROUP GUIDELINES FOR ITS DEPLOYMENT IN URBAN AREAS SMART TICKETING January 2013 U R B A N ITS E X P E R T G ROUP Document Information Version Number: 1.0 Dissemination Level: Public Members of Urban ITS Expert Group ALBRECHT Hanfried Albrecht Consult GmbH / OCA DE BEASLEY Simon Reading Borough Council / UDG UK BLAQUIERE Alexandre* Tisseo - Toulouse Public Transport Authority FR BROWN Tony Hampshire County Council UK COLDEFY Jean Greater Lyon Region FR DIEGO BERNARDO Enrique* EMT - Madrid Public Transport Authority SP ELIASSEN Jarl Trafikanten AS NO FIBY Hans Transport Association East Austria AT FRANCO Gino Mizar / Swarco IT HASELBERGER Rainer City of Vienna AT HEDIN Johan* Hybris Konsult SE IZDEBSKI Piotr ZTM Warsaw PL JENSEN Helge City of Oslo NO KEARNS Steve Transport for London UK LEFEBVRE Olivier STIF Ile-de-France FR LEIHS Dietrich Kapsch TrafficCom AT MEEUWISSEN Marcel City of Enschede NL PLANATH Susanne Swedish Transport Administration SE SPELL Sabine Volkswagen AG DE TØFTING Svend North Denmark Region DK TOMASSINI Maurizio ISIS - Rome IT TYRINOPOULOS Yannis Hellenic Institute of Transport (HIT) GR VAN DEN ABEELE Didier Alstom Transport FR VLEMMINGS Tiffany National Data Warehouse for Traffic information NL WINNING Ian City of Cork IE * Members of the Smart Ticketing Subgroup Notices The Urban ITS Expert Group thanks following external experts for their contributions to this document: - DE CHANTERAC Gilles, Interappli - JANSSEN Sjef, VDV - PHILIPP Klaus, T.C.L. GmbH - VERITY John, ITSO Editors of document: - SZELIGOWKSA
    [Show full text]
  • F T a Report Number 27, Asset Management Guide
    Asset Management Guide Focusing on the Management of Our Transit Investments OCTOBER 2012 FTA Report No. 0027 Federal Transit Administration PREPARED BY Dr. David Rose Lauren Isaac Keyur Shah Tagan Blake Parsons Brinckerhoff, Inc. COVER PHOTO Courtesy of David Sailors DISCLAIMER This document is intended as a technical assistance product. It is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The United States Government assumes no liability for its contents or use thereof. The United States Government does not endorse products of manufacturers. Trade or manufacturers’ names appear herein solely because they are considered essential to the objective of this report. Asset Management Guide Focusing on the Management of Our Transit Investments OCTOBER 2012 FTA Report No. 0027 PREPARED BY Dr. David Rose Lauren Isaac Keyur Shah Tagan Blake Parsons Brinckerhoff, Inc. One Penn Plaza New York, NY 11019 SPONSORED BY Federal Transit Administration Office of Research, Demonstration and Innovation U.S. Department of Transportation 1200 New Jersey Avenue, SE Washington, DC 20590 AVAILABLE ONLINE http://www.fta.dot.gov/research FEDERAL TRANSIT ADMINISTRATION i Metric Conversion Table Metric Conversion Table SYMBOL WHEN YOU KNOW MULTIPLY BY TO FIND SYMBOL LENGTH in inches 25.4 millimeters mm ft feet 0.305 meters m yd yards 0.914 meters m mi miles 1.61 kilometers km VOLUME fl oz fluid ounces 29.57 milliliters mL gal gallons 3.785 liters L 3 3 ft cubic feet 0.028 cubic meters m 3 3 yd cubic yards 0.765 cubic meters m 3 NOTE: volumes greater than 1000 L shall be shown in m MASS oz ounces 28.35 grams g lb pounds 0.454 kilograms kg megagrams T short tons (2000 lb) 0.907 Mg (or "t") (or "metric ton") TEMPERATURE (exact degrees) o 5 (F-32)/9 o F Fahrenheit Celsius C or (F-32)/1.8 FEDERAL TRANSIT ADMINISTRATION ii FEDERAL TRANSIT ADMINISTRATION ii REPORT1.
    [Show full text]
  • Curitiba, Brazil
    CURITIBA, BRAZIL BRT CASE STUDY Table of Contents CURITIBA, BRAZIL .............................................................. 1 SUMMARY ...............................................................................................................1 CITY CONTEXT .......................................................................................................1 BASIC STRUCTURE OF THE CURITIBA TRANSPORT SYSTEM.................................2 PLANNING AND IMPLEMENTATION BACKGROUND .............................................4 LAND USE POLICIES ..............................................................................................4 PARKING POLICIES.................................................................................................4 GOVERNANCE, MANAGEMENT, AND OPERATIONS.............................................5 COMMUNITY PARTICIPATION—CONSULTATION ................................................5 THE BUSWAY SYSTEM ............................................................................................5 BUSWAY TRACK ................................................................................................6 PASSENGER FACILITIES ......................................................................................6 Tube Stops ...................................................................................................7 Integration and Mid-Route Terminals ........................................................7 VEHICLES...........................................................................................................8
    [Show full text]
  • 5.1 Case Study Repository
    5.1 Case Study May 2013 Repository This is deliverable 5.1, due on October 31 st 2013, according to TRANSFORMATION IS POSSIBLE! the TRANSFORuM Description of Work , Annex I of Grant Agreement No. MOVE/FP7/321565/TRANSFORUM Funding scheme: Coordination and Support Action Date latest version of Annex I against which the assessment will be made: 01.02.2013 Reporting period: 1st August 2013 – 28 February 2014 (Month 7 – Month 12) Introduction This repository of case studies forms the deliverable 5.1 of the TRANSFORuM project. The production of the deliverable has been carried out in accordance with the 5 tasks outlined in the project description of work. A full explanation of the methodology, selection process and analysis of the case studies can be found in deliverable 5.2 “Transformation is Possible! Good practice in the context of the EU White Paper”. Document Details Deliverable no. 5.1 Dissemination level Public Work Package WP5 TRANSFORMATION IS POSSIBLE Author(s) Karen Anderton Co-author(s) Ernest Czermanski, Olga Debicka, Merethe Dotterud Leiren, Zdenek Hrebicek, Julie Krogstad, Aneta Oniszczuk-Jastrzabek, Bogusz Wisnicki, Jirina Vesela Status Final File Name TRANSFORuM_D5-1_Case study repository.doc Project Start Date and Duration 01 February 2013, 24 months Table of content 1 Executive Summary ..................................................................................................................................... 3 1.1 Task 5.1 – Case selection ..................................................................................................................
    [Show full text]
  • AUTOMATING FARE COLLECTION a Major Initiative in Public Transport
    V I C T O R I A Auditor-General of Victoria SPECIAL REPORT No. 59 AUTOMATING FARE COLLECTION A major initiative in public transport Ordered to be printed by Authority. Government Printer for the State of Victoria No. 42 - Session 1998 ISSN 818 5565 ISBN 0 7311 5500 9 The President The Speaker Parliament House Melbourne Vic. 3002 Sir Under the provisions of section 16 of the Audit Act 1994, I transmit the Auditor-General's Special Report No. 59, "Automating fare collection: A major initiative in public transport”. Yours faithfully C.A. BARAGWANATH Auditor-General November 1998 Contents Foreword vii PART 1 EXECUTIVE SUMMARY________________________________ 1 Overall audit conclusion 3 Summary of major audit findings 9 PART 2 BACKGROUND TO THE AUTOMATED FARE COLLECTION 19 SYSTEM ____________________________________________ Decision to implement an automated fare collection system 21 Outsourcing of responsibility for the automated system 22 Complexity of the automated system 22 Operational features of the automated system 24 PART 3 CONDUCT OF THE AUDIT _____________________________ 27 Decision to conduct the performance audit 29 Audit objective 29 Audit scope 30 Resourcing of the audit 30 Specialist assistance utilised by audit 31 Assistance provided to audit by the PTC and other parties 31 PART 4 SYSTEM PLANNING AND SELECTION OF PREFERRED CONTRACTOR ______________________________________ 33 Overview 35 Development of the concept for an automated system 37 Initial planning and the decision to fast-track implementation of an automated system
    [Show full text]
  • Govia Thameslink Penalty Fare
    Govia Thameslink Penalty Fare Decisive Townie sometimes unfurl any demolitions scares stochastically. Rochester biases practicably. Raymundo still shotguns mercurially while bombproof Frazier disposes that Joycean. What degree a subsequent penalty fare? How ruthless you open for Thameslink? Otford Sevenoaks Rail Travellers Association. Grayling to endorse on Govia Thameslink penalty 'in BBC. Bus pass applications apply however an older person's for disabled. Posts about penalty was written by consumerlookout. 1 Re Is contactless oyster species on thameslink to Luton At present oystercontactless isn't accepted on the trains between London and Luton but data are plans for It industry be introduced in late future relief at wwwnationalrailcouk for train times and fares. London TravelWatch Performance Report to 31317. Since new year passengers at stations served by Thameslink and. Brighton express branded rolling stock, thus jobseekers who eventually agreed to penalty fare evasion very crowded at manchester. James Miller checks tickets and issues penalty fares for Govia Thameslink Railway Photo submitted In recent weeks with live departure. You can penalty notice and govia thameslink penalty fare increases. What one off peak times on Thameslink? In court ordering fare cheats to nod more than 2000 in fines and court costs. UK Railway Prosecution Travelling Without knowing Correct. An online survey of rude staff members in Govia Thameslink. Our Off-Peak Carnet tickets are pure perfect love if opportunity arrive into London after 10am or sympathy you're heading out of the chop after 930am on weekdays They're also great if you margin to travel before 430pm and after 701pm Monday to Friday.
    [Show full text]
  • Metropolitan Transportation Authority
    PRELIMINARY OFFERING MEMORANDUM DATED NOVEMBER 26, 2019 NEW ISSUE BOOK-ENTRY-ONLY $200,000,000* METROPOLITAN TRANSPORTATION AUTHORITY Transportation Revenue Bond Anticipation Notes, Series 2019F DATED: Date of Delivery DUE: As Set Forth on the Inside Cover Page The Transportation Revenue Bond Anticipation Notes, Series 2019F (the Series 2019F Notes), offered hereby are issued in accordance with the terms and provisions of the General Resolution Authorizing Transportation Revenue Obligations of MTA adopted on March 26, 2002 (the Transportation Resolution), as supplemented, including as supplemented by the Multiple Series 2019 Bond Anticipation Notes and Related Subordinated Indebtedness Transportation Revenue Bond Supplemental Resolution adopted by MTA on December 12, 2018, as amended on June 26, 2019 (the BAN Resolution). One or more series of bonds is expected to be issued to retire the Series 2019F Notes (the Take-Out Bonds), in accordance with the Transportation Resolution, as supplemented, including as supplemented by the Multiple Series 2019 Transportation Revenue Bond Supplemental Resolution adopted by MTA on December 12, 2018, as amended on June 26, 2019 (the Take-Out Bond Resolution, and together with the Transportation Resolution and the BAN Resolution, the Resolution). The Series 2019F Notes are being issued to (i) finance existing approved transit and commuter projects, (ii) pay capitalized interest on the Series 2019F Notes accruing through maturity, and (iii) pay certain financing, legal, and miscellaneous expenses. See “APPLICATION OF PROCEEDS” herein. Principal of and interest on the Series 2019F Notes are payable solely from (1) the proceeds of other notes, (2) the proceeds of the Take-Out Bonds and (3) with respect to interest payable on the Series 2019F Notes, amounts available for payment of subordinated indebtedness.
    [Show full text]