Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JUNE 14, 2023
Subject
SUBJECT: METROLINK FY24 ANNUAL WORK PROGRAM AND REGIONAL RAIL SUPPORTIVE ACTIONS
Action
ACTION: APPROVE RECOMMENDATIONS
Heading
RECOMMENDATION
Title
CONSIDER:
A. APPROVING programming the Los Angeles County Metropolitan Transportation Authority's ("Metro") share of the Southern California Regional Rail Authority's (SCRRA) FY 2023-24 Operating, Rehabilitation, and Capital Budget in the amount of $199,400,319 as described in Attachment A;
B. APPROVING programming of $29,290,000 to SCRRA for a Working Capital Long-Term Loan, contingent upon SCRRA Board approval of a loan repayment policy addressing terms and conditions;
C. AUTHORIZING the Chief Executive Officer to execute Modification No. 1 to the Regional Rail Planning and Environmental On-Call Services bench Contract Nos. AE56752000 through AE56752005 to increase the not-to-exceed cumulative contract amount by $15,000,000 from $10,000,000 to $25,000,000 in support of various Board and CEO directed Metrolink station and planning feasibility studies, and 2028 Olympics planning efforts;
D. APPROVING the programming of $500,000 to SCRRA for FY 2023-24 supplemental Right-Of-Way (ROW) maintenance along Metro-owned property;
E. EXTENDING the lapsing dates for funds previously allocated to SCRRA for State of Good Repair (SOGR) Memoranda of Understanding (MOUs) as follows:
* FY 2017-18 SOGR program extended from March 30, 2024 to June 30, 2025
* FY 2018-19 SOGR program extended from June 30, 2023 to June 30, 2025
* FY 2019-20 SOGR program extended from June 30, 2023 to June 30, 2025;
F. APPROVING the FY 2023-24 Transfers to Other Operators' payment rate of $1.10 per boarding to Metro and an EZ Pass reimbursement cap to Metro of $5,592,000; and
G. AUTHORIZING the Chief Executive Officer to negotiate and execute all necessary agreements between Metro and SCRRA for the approved funding.
Issue
ISSUE
Metro is a member of the SCRRA Joint...
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