AGENDA
FINANCE
& BUDGET COMMITTEE
Thursday,
May 15, 2003 - 9:30 A.M.
Call
to order:
Directors:
Paul
Hudson, Chair
Frank
Roberts, Vice Chair
John
Fasana
Don
Knabe
Allison
Yoh
Doug
Failing, Ex Officio
15. RECEIVE report of the
Chief Financial Officer.
16.
ADOPT:
A.
the Fiscal Year
2004 Budget; and
B.
the Reimbursement Resolution to authorize the expenditure of funds for
capital construction and acquisition activities prior to issuance of debt for
specific activities.
17.
CONSIDER:
A.
authorizing the Chief Executive Officer to execute the appropriate
documents to restructure the Amended and Restated
Development Agreement, Construction Management Agreement,
and other ancillary documents by and between Catellus Development Corporation
(“Catellus”) and Metro; and
B.
accepting the combination of cash, real property and
improvements totaling $12.2 million as final payment in lieu of an indebtedness
of $16,689,901 as of December 31, 2002 consisting of the following:
1)
Metro accepts a cash payment of $5.6 million;
2)
Metro accepts title to the Triangle Parcel located at the corner
of Vignes and Ramirez;
3)
Catellus obligated to construct the Ramirez Flyover at an
estimated cost of $3 million which includes authorizing the Chief Executive
Officer to negotiate resolution of this payment if the Flyover is not
constructed within a five year period; and
4)
Catellus waives payment of $1.88 million that Metro owes to
Catellus.
18.
AUTHORIZE the Chief Executive Officer to execute
an amendment to the Exclusive Parking Facilities Management
Agreement between Metro and Catellus Development Corporation to permit
Catellus to be responsible for coordinating and facilitating the planning,
performance of repair, restoration, alteration and refurbishment of the Gateway
Parking Garage, the Patsouras Transit Plaza, the East Portal and other areas
designated as Gateway Plaza.
19.
AUTHORIZE the Chief Executive Officer to join with the County of Los
Angeles in a participating agreement with SBC for telecommunications
carrier services for a five year requirements contract, inclusive of
three one-year options.
Consideration
of items not on the posted agenda, including: items to be presented and (if
requested) referred to staff; items to be placed on the agenda for action at a
future meeting of the Committee or Board; and/or items requiring immediate
action because of an emergency situation or where the need to take immediate
action came to the attention of the Committee subsequent to the posting of the
agenda.
COMMENTS FROM THE PUBLIC ON ITEMS OF
PUBLIC INTEREST WITHIN COMMITTEE’S SUBJECT MATTER JURISDICTION
ADJOURNMENT