TriMet 700 MHz License Application to RPC-35/700
Element 4—Funding Commitment
On December 11, 2009 The TriMet Board of Directors approved the
awarding of a $38,495,887 contract with INIT INC and its
subcontractors General Electric and Tait Radio Communications,
to replace all TriMet radios. TriMet will issue payroll tax
backed revenue bonds to finance the project. The first bonds
were issued October 2009.