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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: 9/20/2017 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
2017-0534 11.Informational ReportRECEIVE AND FILE the year-end report of Management Audit Services (Management Audit) for the period ending June 30, 2017.   Not available Not available
2017-0588 12.Informational ReportRECEIVE AND FILE status report on the increase of sales commissions for Metro third-party vendors from the current 1.75% to 3.50% in 2017, to 3.75% in 2018 and to 4.00% in 2020.   Not available Not available
2017-0116 13.ContractAUTHORIZE the Chief Executive Officer to award a four-year Contract No. PS40387000 to Robnett Electric, Inc. for the installation of TAP Fare Collection Equipment at regional bus stops and transit centers and other locations on an as-needed, task order basis, for an amount not to exceed $1,400,000, subject to resolution of protest(s).   Not available Audio Audio
2017-0352 14.ResolutionADOPT a resolution, Attachment A, that: A. AUTHORIZES the competitive sale of up to $550 million of Prop A “New Money Bonds” and up to $135 million of “Prop A Refunding Bonds” (collectively the “Prop A Bonds”) in one or more series and one or more transactions through June 30, 2018; B. APPROVES the forms of Notice of Intention to Sell Bonds, Notice Inviting Bids, Supplemental Trust Agreement, Continuing Disclosure Agreement, Escrow Agreement and Preliminary Official Statement on file with the Board Secretary, all subject to modification as set forth in the resolution; and C. AUTHORIZES 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 Prop A Bonds. (REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE)   Not available Audio Audio
2017-0512 15.ContractAUTHORIZE the Chief Executive Officer to execute Modification No. 6 to Contract No. PS30203139 with Axiom xCell, Inc. (Axiom) to provide additional functionality enhancements for the use of Mobile Phone Validator (MPV) by fare compliance officers to deduct fares on TAP cards, additional security, and data management improvements for an additional cost of $567,137, and extend the monthly support services for an additional two years to November 29, 2019, in an amount of $371,832. This Contract Modification increases the total contract value by $938,969, from $1,061,975 to $2,000,944.   Not available Audio Audio
2017-0571 16.ContractAUTHORIZE the Chief Executive Officer to renew existing group insurance policies covering Non-Contract and AFSCME employees for the one-year period beginning January 1, 2018.   Not available Audio Audio
2017-0575 17.Motion / Motion ResponseCONSIDER: A. RECEIVING AND FILING an update on the stakeholder outreach, timeline, and funding for the Antelope Valley Line Study between Burbank and Lancaster and B. AUTHORIZING the transfer of $500,000 in underruns from the Metrolink Antelope Valley Line fare discount program to fund the Antelope Valley Line Study.   Not available Audio Audio