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 Sonoma-Marin Area Rail Transit District |
/s/ Janet S. Tarantino, Secretary of the District