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Meeting date/time:
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7/18/2024
10:00 AM
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Minutes status:
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Draft
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Meeting location:
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One Gateway Plaza, Los Angeles, CA 90012,
3rd Floor, Metro Board Room
Watch online: https://boardagendas.metro.net
Listen by phone: Dial 202-735-3323 and enter Access Code:
5647249# (English) or 7292892# (Español)
To give written or live public comment, please see the top of page 4
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2024-0405
| 19. | Contract | AUTHORIZE the Chief Executive Officer to execute Modification No. 6 to Contract No. PS60564000B with International Institute of Los Angeles (IILA) for Low Income Fare is Easy (LIFE) Program Administrator Services to include the Southwest, Southeast and Northwest service regions of Los Angeles County, in the amount of $984,603, increasing the total contract value from $ 2,792,333 to $3,776,936 and extending the period of performance from September 30, 2024 to December 31, 2024. | | |
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2024-0396
| 20. | Informational Report | RECEIVE AND FILE Office of the Inspector General (OIG) Final Report on the Statutorily Mandated Audit of Miscellaneous Expenses for the Period of April 1, 2023 to June 30, 2023. | | |
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2024-0402
| 21. | Informational Report | RECEIVE AND FILE Office of the Inspector General (OIG) Final Report on the Statutorily Mandated Audit of Miscellaneous Expenses for the Period of July 1, 2023, to September 30, 2023. | | |
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2024-0433
| 22. | 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 years ended June 30, 2022 (FY22), and June 30, 2023 (FY23). | | |
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2024-0408
| 23. | Program | AUTHORIZE the Chief Executive Officer to execute Modification No. 3 to Contract No. PS133590000 with U.S. Bank N.A. in the amount of $500,000 to continue to provide custodial banking services, increasing the contract value from $1,100,370 to $1,600,370 and extending the period of performance from December 31, 2024 to March 31, 2025. | | |
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2024-0246
| 24. | Agreement | AUTHORIZE the Chief Executive Officer (CEO), or their designee, to execute the First Amendment to the Lease Agreement (First Amendment) or any other documents with DWF V Wilshire/ Vermont LP, (Lessor), to extend the lease by five years (First Option) commencing September 1, 2024, for the Metro Customer Center located at 3183 Wilshire Boulevard, Suite 174 (Site) in Los Angeles consisting of 2,469 square feet at a rate of approximately $10,001.93 per month for a total of $600,115.80 over the First Option term. | | |
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2024-0245
| 25. | Program | AUTHORIZE the Chief Executive Officer to negotiate and purchase a cybersecurity liability insurance policy with up to $50 million in limits at a cost not to exceed $3.850 million for the 12-month period effective September 1, 2024, to September 1, 2025. | | |
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2024-0407
| 26. | Program | CONSIDER:
A. AUTHORIZING AND DELEGATING authority to the Chief Executive Officer (CEO) or their designee to negotiate and execute all necessary agreements and amendments to enter into a direct loan for a not to exceed disbursement amount of $160,950,000 to be repaid with interest between the Los Angeles County Metropolitan Transportation Authority (Metro) and the San Gabriel Valley Council of Governments (SGVCOG) to fund the Alameda Corridor-East (ACE) Project and the I-605/Valley Boulevard Interchange Improvements (I-605/Valley) Project (the Projects). This direct loan advances partial funding on future anticipated, available funding from the Measure M Multiyear Subregional Programs (MSP) for the Projects. This direct loan will replace the $61.1 million direct loan approved at the August 2022 meeting; and
B. AUTHORIZING the CEO to amend the FY25 Budget by $31,310,000 to accommodate the cashflow requirements of FY25 for the estimated first-year annual not-to-exceed advance of the direct-loan. | | |
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2024-0459
| | Informational Report | RECEIVE General Public Comment | | |
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