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2017-0913
| 8. | Informational Report | RECEIVE AND FILE the second quarter report of Management Audit Services (Management Audit) for the period ending December 31, 2017. | | |
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2017-0880
| 9. | Motion / Motion Response | AUTHORIZE the Chief Executive Officer to:
A. REPLACE Day Pass sales onboard bus with ability to purchase Stored Value and Metro base fare onboard bus;
B. ELIMINATE tokens and transition to TAP; and
C. IMPLEMENT a consistent $2 fee for TAP cards system-wide. | | |
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2017-0796
| 10. | Contract | AUTHORIZE the Chief Executive Officer to award a five-year, revenue-generating Contract No. PS43741000 to Interactive Communications International, Inc. (InComm) for the distribution of TAP gift cards for purchase at retail gift card kiosks at major chain stores to satisfy customer demand for more TAP sales locations.
(CARRIED OVER FROM FEBRUARY’S REGULAR BOARD MEETING) | | |
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2017-0594
| 11. | Policy | CONSIDER:
A. ADOPTING the Investment Policy in Attachment A;
B. APPROVING the Financial Institutions Resolution authorizing financial institutions to honor signatures of LACMTA Officials, Attachment B; and
C. DELEGATING to the Treasurer or his/her designees, the authority to invest funds for a one year period, pursuant to California Government Code (“Code”) Section 53607. | | |
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2017-0840
| 12. | Resolution | ADOPT a resolution, Attachment A, that:
A. AUTHORIZES the issuance of bonds by competitive sale to refund the Proposition C Series 2008-A Bonds, consistent with the Debt Policy;
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 as set forth in the resolution all as 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 refunding bonds.
(REQUIRES SEPARATE, SIMPLE MAJORITY BOARD VOTE) | | |
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2017-0841
| 13. | Policy | ADOPT the Debt Policy (Attachment A). | | |
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2017-0842
| 14. | Program | APPROVE Local Return Borrowing Guidelines to establish procedures for borrowings secured by Proposition A (Prop A), Proposition C (Prop C), Measure R and Measure M Local Return (LR) funds as described in Attachment A. Approve incorporating the Local Return Borrowing Guidelines into the Guidelines for Prop A, Prop C, Measure R, and Measure M local return programs. | | |
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2017-0898
| 37. | Informational Report | RECEIVE AND FILE the Fiscal Year 2019 (FY19) Budget Development Process. | | |
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