Metro - File #: 2019-0089

• File #: 2019-0089
• Type: Policy
• Status: Agenda Ready
• File created: 2/14/2019
• In control: Planning and Programming Committee
• On agenda: 2/20/2019
• 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: Advertising, Arts District, Barriers (Roads), Board approved a Motion, Budgeting, Bus Operations Control Center, City of Los Angeles, Congestion pricing, Construction, Debt, Division 20, Eric Garcetti, Funding plan, Grant Aid, Hilda Solis, Housing, I-210, Jacquelyn Dupont-Walker, James Butts, Janice Hahn, Link Union Station, Local Returns, Maintenance, Maintenance practices, Measure M, Metro Equity Platform, Metro ExpressLanes, Metro Gold Line, Metro Purple Line, Metro Rail B Line, Metro Red Line, Metro Vision 2028 Plan, Motion / Motion Response, NextGen Bus Study, Olympic games, Operations and Maintenance, Plan, Policy, Program, Project delivery, Proposition A, Proposition C, Public private partnerships, Rail Operations Control Center, Ridesourcing, Rolling stock, Safety, Senate Bill 1, Shared mobility, State Of Good Repair, Strategic planning, Tolls, Transfers, Transit Radio System, Transit System, Twenty-eight by '28 Initiative, Vehicle miles of travel
• Related files: 2019-0083, 2019-0055, 2019-0105

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...