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Issuer Type: Transportation/Toll Road
M2 Sales Tax Revenue Bonds
Toll Road Revenue
On behalf of the Orange County Transportation Authority, I would like to welcome you to our investor relations website. We appreciate your interest and investment in bonds issued by the Authority, as it allows us to make critical investments in public infrastructure throughout Orange County. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the Authority. Thank you for your interest in OCTA.
Andrew Oftelie, Chief Financial Officer
Director Mark A. Murphy, also mayor of Orange, chosen as Vice Chair
ORANGE – Orange County First District Supervisor Andrew Do was unanimously elected today as the new Chairman of the Orange County Transportation Authority Board of Directors, which is responsible for planning, funding, and delivering transportation-improvement projects and public transit for all of Orange County.
Chairman Do served as the OCTA board’s Vice Chairman for the last year. He replaces outgoing Chairman Steve Jones, the Garden Grove mayor, who remains on the board.
“It is an honor to be selected by my colleagues to lead OCTA’s Board of Directors this year,” said Chairman Do. “I look forward to working with them and the public to provide a balanced, sustainable, and innovative transportation system to keep Orange County moving. Considering the challenges of the past year, I recognize how essential public transit and improvement projects are to ensuring our communities are safe, healthy, and financially sound.”
He began serving on the Orange County Board of Supervisors in 2015, representing the residents of Santa Ana, Garden Grove, Westminster, Fountain Valley, and Midway City. That same year he also began serving on the OCTA Board. He has represented OCTA at the Metrolink Board of Directors since 2018.
Born in Vietnam, Chairman Do fled to the U.S. with his family after the Fall of Saigon and grew up in Garden Grove. After attending the University of California at Davis for his undergraduate degree, he attended the University of California, Hastings College of the Law and received his Juris Doctor. He taught for three years as an Adjunct Professor at Cal State University, Fullerton and served as a Judge Pro Tem at Orange County West Municipal Court.
After several years providing legal representation to poor and indigent defendants, Chairman Do worked as an Orange County Deputy District Attorney. He has also given back to his community by serving as a Garden Grove City Councilman, the President of the Asian Bar of California, and an elected member of the Orange County Bar Association’s Board of Directors.
Elected by the board to serve as Vice Chairman was Director Mark A. Murphy, also the mayor of Orange. Murphy has served on OCTA since 2017. Murphy has served as chair of OCTA’s Regional Planning and Highways Committee, as a member of the Executive Committee and SR-91 Advisory Committee.
Sworn in today as new members to the OCTA Board were Santa Ana Mayor Vicente Sarmiento and Mission Viejo Mayor Brian Goodell.
Sarmiento serves as president of the Orange County Water District Board of Directors and was sworn in as Santa Ana mayor in December 2020.
Goodell is a two-time Olympic swimming champion and was elected to Mission Viejo City Council in 2016 and won re-election in 2020.
The OCTA board is comprised of 18 members, including the five county supervisors, two members from city councils in each of the five supervisorial districts, two public members and the Caltrans District Director serves in a non-voting ex-officio capacity.
Brief online survey to help keep services running in event of flood, wildfire or earthquake
ORANGE – The Orange County Transportation Authority is continuing its efforts to ensure county residents, workers and visitors can keep moving even in the event of a natural disaster and is asking for public input to help in this ongoing effort.
OCTA’s Hazard Mitigation Plan is designed to support existing emergency and crisis management plans. Those who use OCTA services – including OC Bus, Metrolink commuter rail, OC Flex and OC ACCESS paratransit service – are asked to help update the plan by completing a brief survey at https://www.surveymonkey.com/r/HR85JM9.
The valuable public input received will help OCTA better plan for how to keep services running in the event of natural disasters such as flooding, an earthquake or wildfire.
Completing the plan will also help OCTA qualify for federal funding opportunities that will allow for enhanced measures to prepare for such natural disasters.
For more information on OCTA programs and services, visit www.octa.net.
A major project milestone, track installation is underway starting at Bristol Street and Santa Ana Boulevard
ORANGE – Construction of the OC Streetcar has reached a major milestone as construction crews have set the first rail into place that will eventually carry the streetcar vehicles through the streets of Santa Ana and Garden Grove.
The rail was set in place this month at the intersection of Santa Ana Boulevard and Bristol Street, and crews are continuing working to place rail westbound toward Raitt Street.
“This is an important and very exciting moment for this project as the public can begin to see the actual rail being set into the street for Orange County’s first modern-electric streetcar,” said OCTA Chairman Steve Jones, also the Mayor of Garden Grove. “I hope the community shares my excitement to see this project coming to fruition to provide another important public transit option.”
The OC Streetcar will run on just over 4 miles of track in each direction through Santa Ana and Garden Grove. It is scheduled to begin testing and operations in 2022.
Updates on the OC Streetcar construction and a video celebrating the streetcar rail being set into the street will be part of a Virtual Community Open House about the project scheduled for 5:30 to 6:30 p.m. on Thursday, Dec. 17.
To participate in the meeting at that time via Zoom – or to see the recorded version after – visit www.ocstreetcar.com.
The OC Streetcar route will serve Santa Ana’s thriving downtown and dense employment areas that include county and local government offices and courthouses in the Civic Center.
The streetcar will carry passengers between the busy Santa Ana transit center and a transit stop at Harbor Boulevard and Westminster Avenue in Garden Grove, running along Santa Ana Boulevard, Fourth Street and the Pacific Electric right-of-way and connecting with OCTA’s busiest bus routes.
Six vehicles – with two spares – will operate daily, making stops at 10 locations in each direction every 10 to 15 minutes. Manufacturing of the Siemens S700 streetcar vehicles began in late 2019 and are being built in northern California.
For more information on the project, visit www.ocstreetcar.com.
Attached: Artist rendering of the OC Streetcar.