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Meeting date/time:
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10/18/2023
11:00 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 888-251-2949 and enter Access Code:
8231160# (English) or 4544724# (Español)
To give written or live public comment, please see the top of page 4
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2023-0427
| 5. | Agreement | AUTHORIZE the Chief Executive Officer (CEO), or designee, to execute ten (10)-year lease amendments commencing retroactive to January 1, 2023 with Pinnacle Towers, LLC, (“Lessor”) for microwave radio stations located at:
· 7625 Black Star Canyon Road in Riverside at a rate of approximately $10,865.88 per month with 3.5% escalations annually for a total of $1,482,344.53 over the term.
· Building 12, Mt. Lukens Road in Tujunga at a rate of approximately $11,431.59 per month with 3.5% escalations annually for a total of $1,559,519.80 over the term.
· 34 Sunset Ridge in Los Angeles at a rate of approximately $11,431.59 per month with 3.5% escalations annually for a total of $1,654,955.13 over the term. | | |
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2023-0573
| 6. | Contract | AUTHORIZE:
A. the Chief Executive Officer to execute a five-year, firm fixed unit rate Contract No. PS99982000 to Bank of America, N.A. for basic and specialized banking services, in an amount-not-to-exceed $5,098,207 effective January 1, 2024, subject to resolution of protest(s), if any; and
B. the payment of up to $650,000 over the next five years for Federal Deposit Insurance Corporation (FDIC) for assessment fees as mandated by 12 C.F.R. § 327.9 to cover insurance premiums for Metro’s deposits. These pass-through FDIC assessment fees shall be payable under Contract No. PS9982000, for a total contract price not-to-exceed $5,748,207. | | |
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2023-0597
| 7. | Program | APPROVE the Resolution in Attachment A to:
A. AUTHORIZE the Chief Executive Officer (CEO) or designee to claim $34,650,803 in fiscal year (FY) 2023-24 State of Good Repair Program (SGR) grant funds as the Regional Entity for Los Angeles County for this program;
B. APPROVE the regional SGR Project List for FY23-24; and
C. CERTIFY that Metro will comply with all conditions and requirements set forth in the SGR Certification and Assurances document and applicable statutes, regulations, and guidelines. | | |
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2023-0430
| 8. | Program | CONSIDER:
A. ADOPTING the Measure M Five Year Comprehensive Assessment and Equity Report (Attachment A); and
B. RECEIVING AND FILING the Measure M Independent Taxpayer Oversight Committee (MMITOC) Findings and Recommendations to improve the Measure M program (Attachment B).
HORVATH AMENDMENT that the Metro CEO be instructed to report back to the Board in six months with an update on the implementation of the recommendations contained in the 5-Year Assessment, with particular attention paid to the financial and equity criteria mentioned previously. | | |
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2023-0601
| 9. | Oral Report / Presentation | RECEIVE oral report on the preparation for initiating the FY25 budget development process. | | |
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2023-0657
| 10. | Motion / Motion Response | APPROVE Motion by Directors Horvath, Bass, Butts, Yaroslavsky, and Najarian that the Metro Board instruct the Chief Executive Officer to report to the Board in March 2024 with an evaluation of the applicable provisions of the Build America, Buy America Act, provisions contained in the Infrastructure Investment and Jobs Act and related federal guidance (49 U.S.C. § 5323(j)), and any impact the Act may have on the feasibility of transit projects seeking a Full-Funding Grant Agreement with the FTA. | | |
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2023-0643
| | Informational Report | RECEIVE General Public Comment | | |
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