Meeting_Body
REGULAR BOARD MEETING
MARCH 24, 2016
Subject/Action
SUBJECT: COST/BENEFIT ANALYSIS OF METRO'S SUBSIDY TO METROLINK - UPDATE 2 - METRO INVESTMENT BASIS AND THE BENEFITS OF COMMUTER RAIL OPERATIONS IN LOS ANGELES COUNTY
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE report on the formula basis of determining Metro's annual contribution to Metrolink operations and the estimated benefits of those operations to Los Angeles County and its residents.
Issue
ISSUE
The purpose of this report is to provide the Committee an overview of the governance structure of the Southern California Regional Rail Authority (SCRRA), information on the calculation of Metro's investment in commuter rail operations in Los Angeles County, and an estimated summary of the benefits of that investment.
Discussion
DISCUSSION
Summary of Governance Structure
Under the Joint Exercise of Powers Agreement (JPA) (Attachment A), the SCRRA was created by the Member Agencies to act on their behalf to design, construct, operate and maintain a regional commuter rail system in Southern California.
The JPA, with only 9 pages of narrative text, has limited specifics governing the interactions among the Member Agencies and with the SCRRA itself. However, two elements of the JPA are very specific and clear:
* The proportionate assignment of voting rights of the Member Agencies on the SCRRA Board of Directors; and
* The lack of authority of the SCRRA to commit any Member Agency to a financial obligation that the Member Agency does not support and approve.
Member Voting Rights
The number of votes assigned to each member agency is as follows:
*To avoid extended decimal rounding, actual % values add to 99%
A quorum of the Board consists of two factors:
1) Representatives of a minimum of 3 counties;
and
2) A minimum of 6 combined votes.
For example, as shown above, though Metro and Orange County together comprise 6 votes, as only two counties, the mi...
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