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File #: 2018-0606   
Type: Program Status: Agenda Ready
File created: 9/5/2018 In control: Finance, Budget and Audit Committee
On agenda: 10/18/2018 Final action:
Title: CONSIDER: A. APPROVING the programming of up to $2.875 Million in FY21, $3.631 Million in FY22, $4.494 Million in FY23, and $5 Million annually from FY 24 through FY35 (cumulatively, up to $75 $71 Million over 15 Fiscal Years), to support the operations of Los Angeles County's first transportation infrastructure school; and B. AUTHORIZING the Chief Executive Officer or his designee to negotiate and execute a Funding Agreement for the transportation infrastructure school with the County of Los Angeles.
Sponsors: Executive Management Committee, Finance, Budget and Audit Committee
Attachments: 1. Attachment A - Motion #43, 2. Attachment B - The SEED School of Los Angeles County, 3. Attachment C - Transportation School FAQ, 4. Attachment D - External Stakeholders
Date Action ByActionResultAction DetailsMeeting DetailsAudio
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Meeting_Body

REVISED
FINANCE, BUDGET AND AUDIT COMMITTEE
OCTOBER 17, 2018
EXECUTIVE MANAGEMENT COMMITTEE
OCTOBER 18, 2018

Subject
SUBJECT: METRO TRANSPORTATION SCHOOL

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
CONSIDER:

A. APPROVING the programming of up to $2.875 Million in FY21, $3.631 Million in FY22, $4.494 Million in FY23, and $5 Million annually from FY 24 through FY35 (cumulatively, up to $75 $71 Million over 15 Fiscal Years), to support the operations of Los Angeles County's first transportation infrastructure school; and

B. AUTHORIZING the Chief Executive Officer or his designee to negotiate and execute a Funding Agreement for the transportation infrastructure school with the County of Los Angeles.

Issue
ISSUE

Metro is poised to dramatically transform the transportation infrastructure of the region with the passage of Measure M, and in doing so, propel the development of a sizeable well-trained and well-paid skilled workforce to support the planning, construction, operations, and maintenance of our expanding system. This increasing demand for a skilled transportation workforce both within the agency and the industry at-large, combined with local at-risk youth's employment needs, create a strategic opportunity for Metro to impact the cycle of poverty by serving as an engaged, founding industry partner in a public charter boarding school to provide students with real word learning opportunities that will educate, engage, expose, and employ students within the transportation and infrastructure industry.

The County of Los Angeles has entered into an Exclusive Negotiating Agreement (ENA) with the SEED Foundation to serve as the boarding school operator, with plans to open the school in FY2021. The SEED Foundation will be responsible for facilitating the financing and construction of the boarding school. Ten-million dollars in funds are requi...

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