Call to Order

Directors

Pam O'Connor, Chair
Zev Yaroslavsky, Vice Chair
Diane DuBois
John Fasana
Richard Katz
Vacant, non-voting member

Officers

Arthur T. Leahy, Chief Executive Officer
Michele Jackson, Board Secretary
Karen Gorman, Ethics Officer
Karen Gorman, Acting Inspector General County Counsel, General Counsel

1. CONSIDER:
   1. approving Funding Agreement term sheet and Master Cooperative Agreement term sheet to allow MTA to finalize agreements with the Exposition Metro Line Construction Authority (“Construction Authority”) for construction of the Exposition Light Rail Transit (Expo LRT) Phase 2 project from its current planned terminus at the Culver City Station to Colorado/4th in Santa Monica;
   2. authorizing the CEO to concurrently execute Funding and Master Cooperative Agreements with the Construction Authority predicated upon the conditions set forth in the Board approved Funding Agreement and Master Cooperative Agreement term sheets;
   3. adopting the Life-of-Project budget for Expo LRT Phase 2, MTA costs and the Light Rail Vehicles of $1,511,158,000; and
   4. authorizing the CEO to execute the Amended and Restated Memorandum of Understanding with the Construction Authority for Expo LRT Project Phase 1 of the Project. This Amended and Restated Memorandum updates the funding amount and increases the Life-of-Project budget for Phase 1 from the last Board approved Life-of-Project budget of $927,390,445 to $930,625,055 as well as adds provisions for LACMTA inspection and participation in testing and start up of Expo LRT Project Phase 1.
      
      (ALSO ON MEASURE R PROJECT DELIVERY COMMITTEE)
      
      
2. RECEIVE AND FILE Public-Private Partnership Programpreliminary costing information for the SR-710 North gap project, in response to Motion by Director Najarian at the December 9, 2010 Board meeting.
   
   (ALSO ON MEASURE R PROJECT DELIVERY COMMITTEE)
   
   
3. RECEIVE AND FILE status report on the environmental clearance for the Westside Subway Extension in accordance with the Federal Transit Administration New Starts Program guidelines, policies and procedures.
   
   (ALSO ON MEASURE R PROJECT DELIVERY COMMITTEE) (HANDOUT)
   
   
4. RECEIVE update on Regional Rail Matters.
5. RECEIVE report of the Chief Executive Officer.

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