Metro - File #: 2022-0696

• File #: 2022-0696
• Type: Contract
• Status: Passed
• File created: 9/26/2022
• In control: Construction Committee
• On agenda: 11/17/2022
• Final action: 12/1/2022
• Title: AUTHORIZE the Chief Executive Officer to Execute Modification No. 8 to the Business Interruption Fund (BIF) Administration Services Contract No. PS56079000 with Pacific Coast Regional Small Business Development Corporation (PCR) in the amount of $798,631 increasing the contract value from $3,405,161 to $4,203,792 to continue to serve as the fund administrator for Metro's Pilot BIF and extend the period of performance from May 1, 2023 to October 31, 2023.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Alignment, Budget, Budgeting, Business Interruption Fund, Business Solution Center, Construction, Contract administration, Contracts, Crenshaw/LAX Transit Corridor Project, Grant Aid, Little Tokyo, Los Angeles International Airport, Measure R, Measure R Admin Costs (Project), Metro Rail A Line, Metro Rail C Line, Metro Rail D Line, Metro Rail E Line, Metro Rail K Line, Metro Rail L Line, Metro Vision 2028 Plan, Procurement, Professional Services, Program, Project, Rail transit, Regional Connector Transit Corridor Project, Strategic planning, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2, Westside Subway Extension/Purple Line Extension Phase 3, Westside/Central Service Sector

Date	Action By	Action	Result
12/1/2022	Board of Directors - Regular Board Meeting
11/17/2022	Construction Committee

Meeting_Body
CONSTRUCTION COMMITTEE
NOVEMBER 17, 2022

Subject
SUBJECT: FUND ADMINISTRATOR FOR METRO PILOT BUSINESS INTERRUPTION FUND (BIF)

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to Execute Modification No. 8 to the Business Interruption Fund (BIF) Administration Services Contract No. PS56079000 with Pacific Coast Regional Small Business Development Corporation (PCR) in the amount of $798,631 increasing the contract value from $3,405,161 to $4,203,792 to continue to serve as the fund administrator for Metro's Pilot BIF and extend the period of performance from May 1, 2023 to October 31, 2023.

Issue
ISSUE

On February 28, 2019, the Metro Board of Directors approved the award of Metro's BIF Administration Services Contract program in the amount of $3,348,010, inclusive of a two-year base term, plus two (2), one-year options.

Board authorization is requested to increase the second, one-year option amount by $241,221 and extend the BIF professional services contract period of performance for six (6) months in the amount of $557,410 to continue support of the ongoing implementation of the BIF as approved by Metro's Board of Directors.

Background
BACKGROUND

Metro's Board of Directors authorized the Pilot Business Interruption Fund (Program) in October 2014 to provide financial assistance to small "mom and pop" businesses directly impacted by Metro's transit rail construction located along the alignment of the Crenshaw/LAX Transit Project, the Little Tokyo area of the Regional Connector, and Section 1 of the Purple Line Extension. In December 2015 Metro's Board of Directors authorized the expansion of the BIF to include "mom and pop" businesses directly impacted by unprecedented full street closures with duration greater than six continuous months, such as the 2nd/Broadway segment of the Regional Connector. In December 2016 Metro's Board of Directors authorized the expansion of the BIF...