Meeting_Body
FINANCE, BUDGET AND AUDIT COMMITTEE
JUNE 20, 2024
Subject
SUBJECT: METROLINK FY 2024-25 ANNUAL WORK PROGRAM AND REGIONAL RAIL SUPPORTIVE ACTIONS
Action
ACTION: APPROVE RECOMMENDATION
Heading
RECOMMENDATION
Title
CONSIDER:
A. APPROVING programming the Los Angeles County Metropolitan Transportation Authority's ("Metro") share of the Southern California Regional Rail Authority's (SCRRA) Fiscal Year (FY) 2024-25 Operating, Rehabilitation, and Capital Budget in the amount of $206,833,180 as described in Attachment A;
B. APPROVING the increase of funding to SCRRA for Right-Of-Way (ROW) maintenance along Metro-owned property beyond the 20-foot center of track from $1,195,916 to $2,920,232 (addition of $1,724,316) beginning FY 2024-25 and increasing by the Consumer Price Index thereafter;
C. APPROVING additional funding in the amount of up to $500,000 using FY23 surplus SCRRA-dedicated funds for Metro's share of the San Bernardino Line 25% Fare Reduction Program and extending the program date from June 30, 2023, to June 30, 2025;
D. EXTENDING the lapsing dates for funds previously allocated to SCRRA for State of Good Repair (SGR) and capital project Memoranda of Understanding (MOUs) as follows:
* Ticket Vending Machine (TVM) Replacement Project extended from June 30, 2023, to June 30, 2026
* FY 2016-17 SGR Program extended from June 30, 2024, to June 30, 2025
* Doran Street Grade Separation Project extended from June 30, 2024, to June 30, 2027
* Antelope Valley Line (AVL) Plans, Specifications, and Estimates Project extended from June 30, 2025, to June 30, 2026;
E. APPROVING the FY 2024-25 Transfers to Other Operators' payment rate of $1.10 per boarding to Metro and an EZ Pass reimbursement cap to Metro of $5,592,000;
F. AMENDING the FY25 Budget to include $29.29 million for the SCRRA Working Capital Fund; and
G. AUTHORIZING the Chief Executive Officer to negotiate and execute all necessary agreements between Metro and SCRRA for the appro...
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