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Finance, Budget and Audit Committee Agenda*

Location & Date

Metro Board Room, One Gateway Plaza, 3rd Floor, Los Angeles
Wednesday, July 20, 2011 2:30 p.m.

Agenda

Call to Order

Directors

Mel Wilson, Chair
Ara Najarian, Vice Chair
John Fasana
Gloria Molina
Mark Ridley-Thomas
Michael Miles, non-voting member

Officers

Arthur T. Leahy, Chief Executive Officer
Michele Jackson, Board Secretary
Karen Gorman, Ethics Officer
Karen Gorman, Acting Inspector General County Counsel, General Counsel

  1. RECEIVE report from the Chief Financial Services Officer.(HANDOUT)
  2. ADOPT a resolution authorizing the MTA to form a California nonprofit mutual benefit corporation that will serve as the conduit borrower of a $546 million Transportation Infrastructure Finance and Innovation Act ("TIFIA") loan for Crenshaw/LAX Transit Corridor once the loan is applied for and approved by the USDOT and by the MTA Board.
  3. AUTHORIZE the CEO to submit the Transportation Infrastructure Finance and Innovation Act ("TIFIA") loan application to the USDOT and pay related fees and expenses at any time subsequent to the Board’s approval of the environmental reports for the Crenshaw/LAX Transit Corridor Project.
  4. AUTHORIZE:
    1. the Chief Executive Officer to award a 10-year and 2-month fixed- price contract, PS05312717, to Carl Warren & Company (CWC) for general liability claims administration services, for an amount not to exceed $25,896,641 for all ten years inclusive of two (2) three- year options, effective September 1, 2011, subject to
      the resolution of protests, if any; and
    2. a 20% of incentive-based recovery fee for any subrogation or property damage cross-complaint recoveries obtained by CWC.
  5. APPROVE budget amendment to add $2,259,859 to the FY12 budget for the Los Angeles County Congestion Reduction Demonstration Program to fund the enhanced Silver Line service on the Harbor Transitwayincluding related marketing, security, and maintenance, and for data collection and market research for the Metro ExpressLanes.
  6. RECEIVE report of the Chief Executive Officer.

Consideration of items not on the posted agenda, including: items to be presented and (if requested) referred to staff; items to be placed on the agenda for action at a future meeting of the Committee or Board; and/or items requiring immediate action because of an emergency situation or where the need to take immediate action came to the attention of the Committee subsequent to the posting of the agenda.

COMMENTS FROM THE PUBLIC ON ITEMS OF PUBLIC INTEREST WITHIN COMMITTEE’S SUBJECT MATTER JURISDICTION

ADJOURNMENT

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