Metro - File #: 2018-0388

• File #: 2018-0388
• Type: Contract
• Status: Agenda Ready
• File created: 6/7/2018
• In control: Construction Committee
• On agenda: 7/19/2018
• Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer to execute the Memorandum of Understanding (MOU) between the Los Angeles County Metropolitan Transportation Authority (Metro) and the Exposition Metro Line Construction Authority (Authority) for closeout of the Expo Phases 1 and 2 Projects (Attachment A); B. AUTHORIZING distribution of the remaining balance of estimated unused project funds as of June 2018 in the amount of $216,600,000 (*), in accordance with the Funding Agreement (Attachment B) from Expo accounts to Metro accounts for allocation and use as follows: 1. $11,500,000 to be distributed for the Metro Blue Line Track & System Refurbishment Project (CP 205115); 2. $5,100,000 to be distributed for Expo project close-out items; and 3. $200,000,000 distributed to the Metro Westside Purple Line Project, Section 2; and C. ADOPTING Board Resolution to accept the Delegation of Plan Administration (Attachment C) of the Expo Construction Authority Public Agency Retirement Syste...
• Sponsors: Construction Committee
• Indexes: Agreements, Budgeting, Certification, City of Los Angeles, Construction, Contractors, Contracts, Exposition Corridor Transit Project Phase 2, Exposition Light Rail Transit Project, Light rail transit, Mbl Track & System Refurb (Project), Memorandum Of Understanding, Metro Blue Line, Metro Exposition Line, Metro Purple Line, Metro Rail D Line, Metro Rail E Line, Plan, Project, Resolution, Santa Monica, Senate Bill 504, Tracking systems, Transfers, Westside Cities subregion, Westside Subway Extension/Purple Line Extension Phase 2, Westside/Central Service Sector
• Related files: 2018-0502

Meeting_Body
CONSTRUCTION COMMITTEE
JULY 19, 2018


Subject
SUBJECT: EXPOSITION METRO LINE CONSTRUCTION
AUTHORITY CLOSEOUT AND DISSOLUTION

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. AUTHORIZING the Chief Executive Officer to execute the Memorandum of Understanding (MOU) between the Los Angeles County Metropolitan Transportation Authority (Metro) and the Exposition Metro Line Construction Authority (Authority) for closeout of the Expo Phases 1 and 2 Projects (Attachment A);

B. AUTHORIZING distribution of the remaining balance of estimated unused project funds as of June 2018 in the amount of $216,600,000 (*), in accordance with the Funding Agreement (Attachment B) from Expo accounts to Metro accounts for allocation and use as follows:

1. $11,500,000 to be distributed for the Metro Blue Line Track & System Refurbishment Project (CP 205115);
2. $5,100,000 to be distributed for Expo project close-out items; and
3. $200,000,000 distributed to the Metro Westside Purple Line Project, Section 2; and

C. ADOPTING Board Resolution to accept the Delegation of Plan Administration (Attachment C) of the Expo Construction Authority Public Agency Retirement System (PARS) retirement plan.

Issue
ISSUE

The Authority is an independent transportation agency created in 2003 by the California State Legislature, SB 504. The agency was created to design, contract, and construct the Los Angeles to Santa Monica Expo Line (Expo Phases 1 and 2). Upon completion of the project, SB 504 requires the Authority to be dissolved and Metro to assume responsibility for operating and maintaining the Line.

Given that the Expo Corridor projects have been turned over for operation by Metro, it is anticipated the Authority will dissolve by the end of calendar year 2018. Further, the distribution of funds needs to occur consistent with the June 2016 previous Board direction for the CEO to assume that all savings from the Expo Phase 2 project b...