File #: 2019-0089   
Type: Policy Status: Agenda Ready
File created: 2/14/2019 In control: Planning and Programming Committee
On agenda: 2/20/2019 Final action:
Title: APPROVE: A. the baseline assumptions and priorities (proposed sacred items) for The Re-Imagining of LA County as described in Attachment A and listed as follows: 1. NextGen - The results of the NextGen Bus Service Study must not be compromised to advance capital investments; 2. State of Good Repair (SGR) - To guard against increased maintenance and operations costs and deterioration in service reliability, customer experience, and safety performance, Metro must commit to preserving annual State of Good Repair allocations as a baseline assumption. This will ensure the capital funding level of $475 million per annum for State of Good Repair; 3. Propositions A and C - Maintain the current debt limits for Propositions A and C. Prop A and Prop C revenues are a primary funding source for Operations. The budget committed one-third of Prop A and C revenues to Operations for FY18 and FY19 and the commitment is expected to increase over the next decade as state of good repair expenses rise;...
Sponsors: Planning and Programming Committee, Executive Management Committee
Indexes: Board approved a Motion, Budgeting, City of Los Angeles, Construction, Funding plan, Grant Aid, Hilda Solis, Housing, Maintenance practices, Metro Purple Line, Metro Red Line, Metro Vision 2028 Plan, Motion / Motion Response, Plan, Policy, Program, Project delivery, Proposition C, Safety, Strategic planning
Attachments: 1. Attachment A - Twenty-Eight by ’28 Program Financing/Funding Plan White Paper, 2. Attachment B - Re-imagining of LA County Mobility Equity & the Environment, 3. Attachment C - Motion 4.1, 4. Attachment D - Motion 43.1 and Response to Motion 43.1 (File ID 2019-0083), 5. Attachment E - Motion 43.2 and Response to Motion 43.2 (File ID 2019-0055), 6. Attachment F - LA Metro New Mobility Service Fee Plan, 7. Presentation
Related files: 2019-0083, 2019-0055, 2019-0105
Date Action ByActionResultAction DetailsMeeting DetailsAudio
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Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
FEBRUARY 20, 2019
EXECUTIVE MANAGEMENT COMMITTEE
FEBRUARY 21, 2019

Subject
SUBJECT: THE RE-IMAGINING OF LA COUNTY: MOBILITY, EQUITY, AND THE ENVIRONMENT

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATIONS

Title
APPROVE:

A. the baseline assumptions and priorities (proposed sacred items) for The Re-Imagining of LA County as described in Attachment A and listed as follows:

1. NextGen - The results of the NextGen Bus Service Study must not be compromised to advance capital investments;

2. State of Good Repair (SGR) - To guard against increased maintenance and operations costs and deterioration in service reliability, customer experience, and safety performance, Metro must commit to preserving annual State of Good Repair allocations as a baseline assumption. This will ensure the capital funding level of $475 million per annum for State of Good Repair;

3. Propositions A and C - Maintain the current debt limits for Propositions A and C. Prop A and Prop C revenues are a primary funding source for Operations. The budget committed one-third of Prop A and C revenues to Operations for FY18 and FY19 and the commitment is expected to increase over the next decade as state of good repair expenses rise;

4. Protect Metro's debt covenants - Ensure the funding plan protects Metro's debt covenants to avoid impairing or adversely affecting the rights of bondholders. Issuing large sums of debt significantly increases repayment risk to bondholders;

5. Unfunded Ancillary Efforts - Ensure funding for the following projects needed to support implementation and uphold the integrity of existing Metro transportation system:

a. Division 20 ($699 M) - Division 20 expansion will provide the overnight storage and maintenance space for the additional subway cars being acquired for the Purple Line extension;

b. Combined Rail Operations Center (ROC)/Bus Operations Center (BOC) ($190 M) - a new ROC/BOC is essential for t...

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