Share to Facebook Share to Twitter Bookmark and Share
Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Finance, Budget and Audit Committee Agenda status: Final
Meeting date/time: 9/16/2015 1:00 PM Minutes status: Draft  
Meeting location: One Gateway Plaza, Los Angeles, CA 90012, 3rd Floor, Metro Board Room
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video: eComment: Not available  
File #Agenda #TypeTitleActionResultAction DetailsAudio
2015-1230 6.Informational ReportRECEIVE AND FILE status report on response to Board Motion No. 50: MTA Ridership (June 25, 2015) to implement the Immediate Action Plan outlining initiatives for increasing ridership. Attachment A provides a status report on these initiatives.   Not available Not available
2015-1240 7.Informational ReportRECEIVE AND FILE the year-end report of Management Audit Services for the period ending June 30, 2015.   Not available Not available
2015-1104 8.ContractAUTHORIZING the Chief Executive Officer to execute Contract Modification No. 4 to Contract No. PS05312717, with Carl Warren & Company, for general liability claims administration services, to exercise the first three-year option in the amount of $7,721,051 increasing the total contract value from $10,307,876 to $18,028,927 and extending the contract term from October 31, 2015 to October 31, 2018.   Not available Audio Audio
2015-1227 9.ResolutionA. ADOPTING a resolution: 1. authorizing the issuance of refunding bonds by negotiated sale to refund the 2004 General Revenue Refunding Bonds (the “2004 GRRBs”) in one or more transactions through June 30, 2016, consistent with the Debt Policy; 2. approving the forms of the supplemental trust agreement, preliminary official statement and such other documents as required and all as subject to modification as set forth in the Resolution; 3. authorizing taking all action necessary to achieve the foregoing, including, without limitation, the further development and execution of bond documentation associated with the issuance of the 2015 General Revenue Refunding Bonds (the “2015 GRRBs”), and approves related documents on file with the Board Secretary; and 4. prohibiting the subsequent issuance of General Revenue Bonds or Parity Debt under the General Revenue Trust Agreement except for refunding bonds. B. APPOINTING the underwriter team selected for the 2015 GRRBs transaction(s) as shown in Attachment B. C. ESTABLISHING an underwriter pool, as shown in Attachment B, th   Not available Audio Audio
2015-1261 10.ContractAUTHORIZING the Chief Executive Officer to award a one year Firm Fixed Price Contract No. PS1544301142 to Ma and Associates to conduct the fiscal year FY 2013-2015 independent performance review of all the Los Angeles County transit operators receiving state Transportation Development Act (TDA) Article 4, and operators receiving Proposition A funds in lieu of TDA funds and Metro as the Regional Transportation Planning Entity (RTPE), for the fixed price of $588,192.   Not available Audio Audio
2015-1221 11.Motion / Motion ResponseMOTION by DuBois, Knabe, Butts and Najarian that the funds derived from advertising receipts be deposited into the Risk Allocation Matrix Internal Savings Account (RISA) along with the Parking Revenues pending further recommendations from the CEO later this year.   Not available Audio Audio
2015-1347 12.Oral Report / PresentationRECEIVE report from the Chief Executive Officer.   Not available Audio Audio