5-2010
GOLDEN GATE BRIDGE, HIGHWAY AND TRANSPORTATION DISTRICT
MEMORANDUM OF MINUTES
BOARD OF DIRECTORS MEETING
MARCH 12, 2010
The Board of Directors of the Golden Gate Bridge, Highway and Transportation District (District) met in regular session in the Board Room, Administration Building, Golden Gate Bridge Toll Plaza, San Francisco, California, on Friday, March 12, 2010, at 10:00 a.m., President Boro presiding.
ROLL CALL
Directors Present (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro
Directors Absent (5): Directors Dufty, Elsbernd, Moylan, Sanders and Snyder
Staff Present: Acting General Manager, District Engineer Denis J. Mulligan; Auditor-Controller Joseph M. Wire; Secretary of the District Janet S. Tarantino; Attorney David J. Miller; Deputy General Manager/Bridge Division Kary H. Witt; Deputy General Manager/Bus Transit Division Teri Mantony; Executive Assistant to the General Manager Amorette Ko; Assistant Clerk of the Board Lona Franklin
Visitors Present: Jerry Grace, San Lorenzo resident
PLEDGE OF ALLEGIANCE
Director Chu led the Board of Directors in the Pledge of Allegiance to the Flag.
PUBLIC COMMENT
Jerry Grace stated that, if changes to bus schedules and routes occur, Alameda-Contra Costa Transit buses are still available. He inquired as to how long Doyle Drive would be re-routed due to the construction project. In response, President Boro stated that construction is expected to be ongoing until 2013.
[Director Campos arrived at this time.]
CONSENT CALENDAR
Directors STROEH/EDDIE moved approval of the Consent Calendar. All items were approved by the following vote of the Board of Directors:
AYES (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro
NOES (0): None
ABSENT (5): Directors Dufty, Elsbernd, Moylan, Sanders and Snyder
| 1. | Approve the Minutes of the Following Meetings | |
| a. | Building and Operating Committee/Committee of the Whole of February 25, 2010; | |
| b. | Finance-Auditing Committee/Committee of the Whole of February 25, 2010; and, | |
| c. | Regular Meeting of the Board of Directors of February 26, 2010. Carried |
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| 2. | Denial of Claims | |
| a. | Claim of Ivan Sharamok Carried |
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| b. | Subrogation Claim of State Farm Mutual Automobile Insurance Company (Insured: Jeffrey Sala)
Carried |
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| c. | Subrogation Claim of Progressive (Insured: Rochelle Del Rosario)
Carried |
|
| d. | Claim of Shaniqua Rogers
Carried |
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| e. | Claim of Gayle McRoy
Carried |
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| f. | Amended Subrogation Claim of California State Automobile Association
(Insured: Robert Engel)
Carried |
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| 3. | Ratify Actions by the Auditor-Controller Resolution No. 2010-020 (Finance-Auditing Committee, February 25, 2010) ratifies actions taken by the Auditor-Controller, as follows: |
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| a. | The Board of Directors ratifies commitments and/or expenditures totaling $19,000.00 for the period January 1, 2010 through January 31, 2010; and, |
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| b. | Ratify investments made by the Auditor-Controller during the period January 12, 2010, through February 16, 2010, as follows: |
|
Security |
Purchase Date |
Maturity Date |
Original Cost |
Percent Yield |
| FHLMC Notes | 01/15/10 |
01/15/15 |
9,990,000.00 |
3.17 |
| FNMA Notes | 01/28/10 |
02/22/13 |
5,003,300.00 |
1.73 |
| FHLB TAP Bonds | 02/09/10 |
12/13/13 |
6,004,519.50 |
2.12 |
| FHLB TAP Bonds | 02/10/10 |
12/13/13 |
4,859,590.40 |
2.14 |
| Nordea North America Commercial Paper | 02/11/10 |
05/03/10 |
3,998,290.00 |
0.19 |
| Societe Generale NA Commercial Paper | 02/11/10 |
05/03/10 |
4,550,848.71 |
0.21 |
| c. | Authorize the Auditor-Controller to re-invest, within the established policy of the Board, investments maturing between February 17, 2010, and March 15, 2010, as well as the investment of all other funds not required to cover expenditures that may become available; and, |
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| d. | Accept the Investment Report for January 2010, as prepared by PFM. Adopted |
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| GENERAL MANAGER’S REPORT | ||
| 4. | Presentation of Employee of the Month Award to Thomas Kaetzel, Communications Electronic Technician, Bridge Division President Boro presented the Employee of the Month Award to Thomas Kaetzel and expressed his congratulations on behalf of the Board of Directors. |
|
| ATTORNEY’S REPORT | ||
| 5. | Attorney David J. Miller reported that all items contained in the Attorney’s Report are informational, and that a closed session will not take place at this meeting. |
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| ENGINEER’S REPORT | ||
| 6. | No written report was presented by District Engineer Denis Mulligan. A written report is presented to the Board of Directors by the District Engineer at the second Board meeting of the month. |
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| REPORT OF THE TRANSPORTATION COMMITTEE/COMMITTEE OF THE WHOLE MEETING OF MARCH 11, 2010 | ||
| 7. | Approve Actions Relative to a Proposal to Consider Changes to Golden Gate Transit Commute Bus Service Directors BROWN/COCHRAN |
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| a. | Authorizes the setting of a public hearing on Wednesday, May 12, 2010, at 6:00 p.m., at Whistlestop Wheels in downtown San Rafael, CA, for the purpose of receiving public comment on a proposal to eliminate duplicative and/or low ridership bus services, with the understanding that staff will conduct information Open Houses as listed below, for the purpose of providing information, answering questions, and receiving input from the public about the proposed Golden Gate Transit commute bus service changes under consideration; and, |
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| b. | Authorizes acceptance of transit service related public testimony at the currently scheduled Public Hearing on Friday, May 14, 2010, at 9:30 a.m., in the Board Room, Administration Building, Golden Gate Bridge Toll Plaza, San Francisco, CA; and, |
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| c. | Authorizes staff to present for public review at the Open Houses listed below and at the Public Hearings listed above in Item Nos. 1 and 2, a series of bus service reductions that either for reasons of low ridership or duplication of service options, warrant reduction in line with Initiative Nos. 9 and 10 of the FY 09/10 Financial Plan for Achieving Long-Term Financial Stability, with the understanding that a recommendation with the final set of changes will be presented to the Special Meeting of the Transportation Committee on Thursday, May 27, 2010, and to the Board of Directors on Friday, May 28, 2010, for approval: Open House Marin County Open House Sonoma County Open House City and County of San Francisco Adopted |
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AYES (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro NOES (0): None ABSENT (5): Directors Dufty, Elsbernd, Moylan, Sanders and Snyder |
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REPORT OF THE FINANCE-AUDITING COMMITTEE/COMMITTEE OF THE WHOLE OF MARCH 11, 2010 |
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| 8. | Authorize Actions Relative to the Application and Award of FY 09/10 California Transit Security Grant Program Funds Directors STROEH/KERNS Adopted AYES (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro |
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| 9. | Authorize Actions Relative to the Application and Award of FY 09/10 Public Transportation Modernization, Improvement and Service Enhancement Account Funds Directors STROEH/EDDIE Adopted AYES (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro |
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| 10. | Approve Recodification of the Rules of the Board Directors PAHRE/COCHRAN |
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| a. | Allows the President, in consultation with the General Manager, to cancel a regularly scheduled meeting of the Board if there are no items regarding Board review or action prior to the next regularly scheduled Board meeting; |
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| b. | Authorizes investment in instruments permitted by California Government Code Section 53601, subject to additional restrictions set forth in the Investment Policy; and, | |
| c. | Designates the authorized signatories for bank accounts maintained by the District’s current banking account structure. Adopted |
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AYES (14): Directors Brown, Campos, Chu, Cochran, Grosboll, Kerns, McGlashan, Newhouse Segal, Pahre, Sobel and Stroeh; Second Vice President Eddie; First Vice President Reilly; President Boro NOES (0): None ABSENT (5): Directors Dufty, Elsbernd, Moylan, Sanders and Snyder |
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| ADJOURNMENT | ||
| 11. | All business having been concluded, the meeting was adjourned at 10:15 a.m., in memory of Christopher Lang, William Miller, Jim Gleich and Dana Rose Richardson. |
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Respectfully submitted,
/s/ Janet S. Tarantino
Secretary of the District