https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4770762&GUID=F6BC78D6-FF37-44DD-9202-5C268AAF26FB&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4770762&GUID=F6BC78D6-FF37-44DD-9202-5C268AAF26FB&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94F6BC78D6-FF37-44DD-9202-5C268AAF26FB-2025-06-09-06-42-43Title: APPROVE Motion by Directors Barger, Najarian, Krekorian, Kuehl, and Sandoval that the Board of Directors authorize the CEO to execute an agreement with Caltrans based on the recently negotiated term sheet for the advance of funding to cover the cost of a life of project budget increase for the I-5 North Project, and; WE FURTHER MOVE that the Board of Directors direct the CEO to: 1. Amend the proposed cost management policy and funding plan for this item, as appropriate, to ensure that there is a clear method of repayment of the funds that would be advanced by the I-5 North Project/San Fernando Valley Subregion in order to fulfill the proposed life of project budget increase for the I-5 North Project; 2. Ensure that the funds repaid to the I-5 North Project/San Fernando Valley Subregion carry a maximized flexibility of use; 3. Bring the amended life of project budget increase proposal and associated cost management policy to the San Fernando Valley Council of Governments for its consideration and concurrence prior to Metro Board action on this item; 4. Begin coordinatinMon, 09 Jun 2025 06:42:43 GMT