Meeting_Body
REVISED
EXECUTIVE MANAGEMENT COMMITTEE
SEPTEMBER 15, 2016
Subject/Action
SUBJECT: STATE AND FEDERAL REPORT
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE State and Federal Legislative Report.
Discussion
DISCUSSION
Executive Management Committee
Remarks Prepared By Raffi Haig Hamparian
Government Relations Director, Federal Affairs
Chairman Fasana and members of the Executive Management Committee, I am pleased to provide an update on a number of federal matters of interest to our agency. This report was prepared on August 30, 2016 and will be updated, as appropriate, at the Executive Management Committee meeting on September 15, 2016.
Federal Grants for Fiscal Year 2016
As you are well aware Chairman Fasana, earlier this month Metro celebrated three mobility enhancing projects that received federal funding.
On August 15th, at an event led by you, Metro celebrated the opening of the North Hollywood Station Underpass project - which was funded - in part - with a $10 million federal Bus and Bus Facilities grant. This fantastic project will increase the safety of thousands upon thousands of our customers - who will no longer have to navigate crossing a very busy Lankershim Boulevard in the San Fernando Valley. We were very pleased to have a number of distinguished guests at this event - including Congressman Tony Cardenas.
On August 24, Chairman Fasana and Director Ridley-Thomas joined with Senator Boxer to mark the successful use of a $546 million TIFIA loan for the Crenshaw/LAX Transit Corridor project. At an event held at the Green Line's Aviation Station - Senator Boxer expressed her confidence in our agency and her appreciation that our agency worked with her to embed the America Fast Forward Innovative Finance initiative into MAP-21. This America Fast Forward section of MAP-21 helped to ensure that the TIFIA program was fully funded - which later gave the program the ability to offer a $856 million TIFIA loan...
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