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2025-0109
| 16. | Resolution | ADOPT:
A. a resolution that authorizes the Chief Executive Officer and/or other Designated Officers to renew and/or replace the existing direct-pay letter of credit (“LOC”) with respect to the Proposition A (“Prop A”) short-term borrowing program (Attachment A); and
B. a resolution that authorizes the Chief Executive Officer and/or other Designated Officers to renew and/or replace the existing direct purchase revolving credit facility with respect to the Proposition C (“Prop C”) short-term borrowing program (Attachment B).
(REQUIRES SEPARATE, SIMPLE MAJORITY VOTE OF THE BOARD) | | |
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2025-0112
| 17. | Agreement | AUTHORIZE the Chief Executive Officer (CEO) or their designee, to execute a 45 year license agreement commencing May 1, 2025, with the City of Santa Clarita (“City”) for a portion of real property located on parcel numbered (APN) 2864-003-901 (“Property”) depicted in Attachment A, for a one-time administrative fee of $1,500 (“License”). | | |
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2025-0190
| 18. | Program | AUTHORIZE the Chief Executive Officer to negotiate and purchase All Risk Property and Boiler and Machinery insurance policies for all Metro properties at a not-to-exceed premium of $11 million for the 12-month period of May 10, 2025, through May 10, 2026. | | |
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2025-0118
| 19. | Informational Report | RECEIVE AND FILE Office of the Inspector General (OIG) Final Report on Review of Metro Bus Stops Cleanliness and Safety. | | |
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2025-0177
| 20. | Informational Report | RECEIVE AND FILE the Fiscal Year 2026 (FY26) Budget Development Status Update. | | |
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2025-0251
| | Informational Report | RECEIVE General Public Comment | | |
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