April 25, 2008

 

SUMMARY OF THE BOARD OF DIRECTORS
MEETING OF APRIL 25, 2008

   
1.
Approved the addition of the Larkspur Ferry Terminal Parking and Access Improvements Project (Project) to the FY 07/08 Ferry Division Capital Budget in the amount of $2,530,000, to be financed with Federal Transit Administration funds in the amount of $729,000, Urban Partnership Program funds in the amount of $1,365,240 and District funds in the amount of $435,760; with the understanding that the construction of the Project will limit parking to 1,808 lawful parking spaces at the Larkspur Ferry Terminal facility, and that this cap will be rigorously enforced and will remain in place until such time as future environmental clearance for any future parking expansion is conducted; and with the further understanding that after construction is complete, the monthly ferry passenger ridership report will be modified to also state the number of vehicles that have been ticketed and towed during the previous month.
 
2.
Approved adoption of the Investment Policy, as amended, and amend RULE XI of the Rules of the Board relative to permitted investment instruments.
   

 

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