REVISED
AGENDA
FINANCE
& BUDGET COMMITTEE
Thursday,
July 17, 2003 - 10:30 A.M.
Call
to order:
Directors:
Paul
Hudson, Chair
Yvonne
Burke, Vice Chair
Mike
Antonovich
Don
Knabe
Frank
Roberts
Doug
Failing, Ex Officio
10.
RECEIVE report of the Chief Financial Officer.
11.
RECEIVE AND FILE report on sales tax revenues for
fiscal year 2003.
12.
ADOPT a resolution authorizing the Chief Executive Officer and other
Authorized Officers under the resolution to execute
documents for the modification or substitution of the Surety Bond provided by
Ambac Assurance Corporation, and authorizing payment of the surety fee
and all other expenses of the matters described in the resolution in an amount
not to exceed $350,0000.
13.
ADOPT a resolution authorizing the Chief Executive Officer to
price and deliver up to $95 million of the General Revenue 2003 refunding bonds,
and approve documents on file with the Board Secretary, in a negotiated bond
sale with an underwriting syndicate consisting of Citigroup Global Markets Inc.
(previously Salomon Smith Barney) as the senior managing underwriter, with
co-managers Goldman Sachs & Co., E. J. De La Rosa & Co., and Backstrom
McCarley Berry & Co., to achieve a goal of 5% minority participation.
(Requires separate,
simple majority Board vote)
14.
ADOPT a resolution authorizing the Chief Executive Officer to
price and deliver up to $175 million of the Proposition C 2003 refunding bonds,
in one or more series, in a competitive sale, and approve documents on file with
the Board Secretary.
(Requires separate,
simple majority Board vote)
15.
AWARD Contract No. PS-03-5210-10 to Public Financial Management for a fixed
annual retainer contract amount of $1,527,270 inclusive of 3 years and 2
one-year options, plus the amount of $313,095 for task order services and
expenses over the life of the contract, for a total contract amount not to
exceed $1,840,365 effective August 1, 2003.
16.
AUTHORIZE the Chief Executive Officer to negotiate and award an Excess
Liability Insurance program for Metro liability exposures, other than Major
construction projects, at a cost estimated not
to exceed $5,882,000 for a 12-month period beginning August 1, 2003 through July
31, 2004.
17.
AUTHORIZE the Chief Executive Officer to execute an amendment to extend
the Metro Blue Line
Memorandum of Understanding (MOU) for Liability, Insurance and Indemnification
with respect to operations, use or maintenance of the Metro Blue Line between
City of Long Beach, County of Los Angeles, and Los Angeles County Metropolitan
Transit Authority (LACMetro), from August 1, 2003 through July 31, 2008.
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