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File #: 2015-1286   
Type: Informational Report Status: Filed
File created: 8/12/2015 In control: Board of Directors - Regular Board Meeting
On agenda: 10/22/2015 Final action: 10/22/2015
Title: RECEIVE AND FILE: A) staff response to Board Motion 6.1 (Attachment A) related to Commuter Rail Funding in Los Angeles County adopted at the June 2015 Board meeting. B) status of $18 million loan to Metrolink for rolling stock approved in FY11
Sponsors: Finance, Budget and Audit Committee
Indexes: Accounting, Ara Najarian, Board approved a Motion, Budget, California High Speed Rail Authority, Capital Project, Contracts, Eric Garcetti, Funding plan, Informational Report, James Butts, John Fasana?, Joint Powers Agreement, Maintenance, Maintenance practices, Mark Ridley-Thomas, Metrolink, Motion / Motion Response, Operations and Maintenance, Paul Krekorian, Payment, Policy, Positive train control, Proposition C, Railroad commuter service, Rehabilitation (Maintenance), Rolling stock, Safety, State Of Good Repair, Subsidies, Timetables, Transfers
Attachments: 1. Attach A - Motion 6-1, 2. Attach B Metrolink Item, 3. Attach C - Metrolink Item, 4. Attach D Metrolink Item, 5. Attach E - Metrolink Item, 6. Attach F- Metroolink Item 9, 7. Attach G - Metrolink Item, 8. Motion6-1_BRDMTG_102215
Related files: 2015-1632, 2015-1631
Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
OCTOBER 14, 2015

Subject/Action
SUBJECT: RESPONSE TO BOARD MOTION 6.1 (JUNE 2015) RELATED TO COMMUTER RAIL FUNDING IN LOS ANGELES COUNTY

ACTION: RECEIVE AND FILE

Heading
RECOMMENDATION

Title
RECEIVE AND FILE:

A) staff response to Board Motion 6.1 (Attachment A) related to Commuter Rail Funding in Los Angeles County adopted at the June 2015 Board meeting.

B) status of $18 million loan to Metrolink for rolling stock approved in FY11

Issue
ISSUE

Response to June 2015 Board Motion 6.1

As a part of the Board's consideration of staff's recommendation on Metrolink's FY16 budget request, the Board adopted Motion 6.1 directing the CEO to:

1) Develop a policy on the use of Metrolink-dedicated sources of funding; and
2) Work with Metrolink to identify projected Operating and Maintenance expenses through FY20; and
3) Request from Metrolink:
A. A current inventory and status of all New Capital, Capital Rehabilitation, and State of Good Repair projects; and
B. New projects expected over the next five fiscal years (through FY20); and
C. An inventory of all currently unfunded State of Good Repair and safety improvement needs for the Metrolink system within Los Angeles County; and
4) Provide a full accounting of all Regional Rail capital projects managed by Metro; and
5) Develop an ongoing short-range Metrolink program that plans out five years of funding commitments for Metrolink operations, maintenance, capital and state of good repair; and
6) Evaluate whether Metro or Metrolink should procure Architectural and Engineering (A&E) contracts.
An additional item within the motion instructed staff to defer, with limited exception, inclusion of Proposition C 10% funding within the Call For Projects until the plans and policies referenced above have been reviewed and approved by Metro's Board of Directors.

This item addresses items 1 through 6 above and updates the Board on the s...

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