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2021-0049
| 5. | Informational Report | RECEIVE AND FILE the Consolidated Audit Financial and Compliance Reports completed by Vasquez and Company (Vasquez) and Simpson and Simpson (Simpson), certified public accountants, for the Fiscal Year ending June 30, 2019. | | |
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2021-0050
| 6. | Informational Report | RECEIVE AND FILE the Los Angeles County Metropolitan Transportation Authority’s (Metro) basic financial statements and component financial statement audits completed by Crowe LLP (Crowe) as of and for the fiscal year ended June 30, 2020. | | |
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2020-0919
| 7. | Policy | CONSIDER:
A. APPROVING the allocation of $784,942,958 from Los Angeles County’s partial share of Federal Transit Administration (FTA) Section 5307/ Section 5337 funds from the CRRSA Act to transit operators, as described in Attachment A, for operating expenses;
B. AUTHORIZING the Chief Executive Officer (CEO) or his designee to solicit proposals and allocate $1,327,107 from Los Angeles County’s share of FTA funds from the CRRSA Act, as described in Attachment B, to Metro’s existing subrecipients of Federal Section 5310 funds for operating expenses;
C. AUTHORIZING the CEO to allocate Los Angeles County’s share of FTA Section 5311 funds from the CRRSA Act (estimated to be about $1,127,870) for transit service in rural areas upon notification by the California Department of Transportation (Caltrans), as described in Attachment B, for operating expenses;
D. APPROVING exchanges of CRRSA Act funding allocations, as appropriate, with other local or eligible State or Federal funds to accelerate grant approval and disbursement of funds by the FTA;
E. AUTHORIZING the CEO or his | | |
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2021-0039
| 8. | Resolution | CONSIDER:
A. ADOPTING a Resolution, Attachment A, that:
1. AUTHORIZES the competitive sale and issuance of up to $450 million in aggregate principal amount of Proposition C Senior Sales Tax Revenue Bonds in one or more series, to finance capital projects; and refinance outstanding revolving credit notes;
2. APPROVES the forms of the Notice of Intention to Sell Bonds, Notice Inviting Bids, Supplemental Trust Agreement, Continuing Disclosure Certificate, Preliminary Official Statement and such other documents as required for the issuance of the bonds, and approves related documents on file with the Board Secretary as set forth in the resolution all as subject to modification as set forth in the Resolution; and
3. AUTHORIZES taking all action necessary to achieve the foregoing, including, without limitation, the further development and execution of the bond purchase contract and bond documentation associated with the issuance of the Proposition C Senior Sales Tax Revenue Bonds (the “Bonds”).
(REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE.) | | |
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2021-0057
| 9. | Informational Report | RECEIVE AND FILE Office of Inspector General (OIG) Final Report on Review of Metro Measures to Reduce COVID-19 Transmission | | |
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2021-0068
| 10. | Informational Report | RECEIVE AND FILE the Fiscal Year 2022 (FY22) Budget Development Process Update | | |
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2021-0044
| 11. | Informational Report | RECEIVE AND FILE status report on Access Services - ADA Paratransit. | | |
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2021-0086
| | Informational Report | RECEIVE General Public Comment | | |
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