March 24, 2006

 

SUMMARY OF THE BOARD OF DIRECTORS

MEETING OF MARCH 24, 2006

 

   
1.
Authorized execution of an Amendment to the Agreement with the California Highway Patrol relative to Contract No. 99-B-5, Golden Gate Bridge Seismic Retrofit (Phase II), South Approach Structures, in the amount of $100,000, for traffic enforcement services.
   
2.
Authorized execution of an amendment to the Professional Services Agreement with PES Environmental, Inc., relative to the Golden Gate Bridge Phase II Lead Risk Assessment project, in an amount not to exceed $88,000, to perform additional environmental studies related to the assessment of lead contamination in the soil under and around the Golden Gate Bridge.
   
3. Reaffirmed the Investment Policy.
   
4.
Approved implementation of a five-year transit fare program of annual five percent fare increases applied to regional bus, complementary ADA paratransit and ferry services, effective July 1, 2006 through June 30, 2011.
   
5.
Approved renewal of the District Buildings and Facilities policy and the Boiler and Machinery policy relative to the Property Insurance Program.
   
6.
Authorized the establishment of a restricted Bridge Self-Insurance Loss Reserve to be used in the event of catastrophic damage to the Golden Gate Bridge or the sustained loss of toll revenue, and designate initial funding in the amount of $1,300,000 in FY 06/07, and a pro rated amount of $300,000 for the remainder of FY 05/06.
   
7.
Approved the addition of the FasTrak System Replacement Project to the FY 05/06 Bridge Division Capital Budget, in the amount of $4.8 million; and, authorize the issuance of request for proposals.
   
8.
Approved technical amendment of Resolution No. 2006-020, to authorize issuance of request for proposals to undertake environmental studies and preliminary design work related to development of a physical suicide deterrent system on the Golden Gate Bridge.
   
9. Approved cancellation of the April 14, 2006 meeting of the Board of Directors.
   

/s/ Janet S. Tarantino, Secretary of the District