Chicago Transit Authority Committee on Finance, Audit & Budget met May 8.
Here is the minutes provided by the committee:
ROLL CALL: Chairman Silva, Irvine, Peterson, Youngblood, Alva Rosales, Miller, and Patterson. There was a quorum of seven committee members present.
COMMITTEE ACTION: The committee reviewed the Finance report and approved the April 10th, 2019 committee minutes.
Then, after extensive review by the committee, Chairman Silva asked for a motion to place all recommended approved items--the three ordinances and the three contracts-- on the omnibus for Board approval. Moved and seconded, the motion to recommend Board approval of the omnibus was approved with seven yes votes.
The approved items are as follows:
1 An ordinance adopting revised Chicago Transit Authority debt management policy guidelines
2 An ordinance adopting revised Chicago Transit Authority Investment Policy.
3 An ordinance authorizing a lease of retail concession space located at 4917 North Milwaukee Avenue, Chicago, Illinois (Blue Line).
4 Contract Number C19CT102225954: $810,820.00
5 Contract Number C14FI101554098: $1,970,371.00
6 Contract Number C17FT101995845R: $721,433.00
MOTION TO ADJOURN: Chairman Silva asked for a motion to adjourn the Finance, Audit, and Budget committee meeting of May 8th, 2019. After the motion was moved, the motion was approved by unanimous voice vote.
https://www.transitchicago.com/assets/1/21/FAB_Minutes_-_5.8.2019.pdf?23143
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