Metro board meetings on Thursday

Metro board meetings are scheduled for Thursday and the notices contain some interesting items up for discussion. The first item of interest is the second entry in the Finance/Audit committee agenda:

Authorization for the President & CEO to negotiate, execute and deliver a contract for a credit facility for commercial paper

Commerical paper translation: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. (We've brought up the issue of Metro and commercial paper before.)

Next up, this is from the Human Resources Committee agenda:

Authorization for the President & CEO to execute and deliver a contract for temporary personnel services

Metro recently announced layoffs.

Then we have this howler from the Operations Committee agenda:

*Status Report on METRORail Fare Enforcement

Well, since Metro's fare recovery rate is considered low by industry standards (15%), that report shouldn't take too long. (Actually, Laurence Simon has a report on fare enforcement.)

And here are the highlights from the Executive Session meeting:

1. Request Board authorization for the President & CEO to negotiate, execute and deliver agreements between METRO and Transwestern Development Company, L.P. dba Transwestern Commercial Services, LLC ("TDC") for a transit oriented joint development project located on the TMC Transit Center.

2. Request Board authorization for the President & CEO to negotiate, execute and deliver agreements relating to a transit oriented joint development project at the Cypress Park & Ride facility.

Hmmmm. We know what the TMC project is. What's going on at the Cypress Park & Ride?

With any luck, some intrepid local media reporter will have a full report on all these exciting agenda items.

Posted by Anne Linehan @ 10/25/05 03:59 PM | Houston Transit | Technorati | Sphere | Comments (2)

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