February 22, 2008

 

SUMMARY OF THE BOARD OF DIRECTORS
MEETING OF FEBRUARY 22, 2008

   
1.
Authorized award of Contract No. 2008-BT-3, Fare Collection System, to GFI Genfare, a unit of SPX Corporation, in the amount of $2,966,481.95; and, authorized a budget increase in the FY 07/08 Bus Transit Division Capital Budget in the amount of $250,000, to be funded with $200,000 in grant funds and $50,000 from District Reserves, as concurred with by the Finance-Auditing Committee at its meeting of February 21, 2008.
 
2.
Approved renewal of the Marine Insurance Program, in the amount of $362,678, effective February 28, 2008.
   
3.
Approved a Labor Management Trust Fiduciary Liability policy with Chubb Insurance relative to the Public Officials Fiduciary Liability Insurance Program for OPEB (Other Post-Employment Benefits) Retirement Investment Trust Board members, in the amount of $2,400, effective March 1, 2008.
   
4.
Approved amending AB 117, relating to the award of contracts for supplies, equipment and materials, to include the Golden Gate Bridge, Highway and Transportation District.
   
5.
Authorized execution of a Professional Services Agreement with Prestige Media, Inc., relative to Request for Proposals No. 2008-D-5, Interior Ferry Advertising, for a three-year term, with two one-year options exercisable by the General Manager or her designee, on the basis of a guaranteed monthly payment of $3,417, or 55 percent of net advertising revenue, whichever is greater.
   
6.

Ratified the following appointments by the President of the Board of Directors to represent the Golden Gate Bridge, Highway and Transportation District on other Boards, as listed below; with the understanding that these appointments are subject to review by the Board of Directors no later than March 1, 2010, in accordance with the Rules of the Board:

Golden Gate Transit Amalgamated Retirement Board
(3 Seats)
Directors Boro, Kerns and Moylan

Sonoma-Marin Area Rail Transit District
(2 Seats)
Directors Eddie and Pahre

   

 

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