Chicago Transit Authority Board Finance Audit and Budget Committee met Oct. 11.
Here is the minutes provided by the Board:
ROLL CALL: Present: Committee Vice-chairman Irvine, Peterson, Alva Rosales, Youngblood, Miller,(Silva absent). There was a quorum of five committee members present.
COMMITTEE ACTION: The committee reviewed the Finance report and approved the September 13th, 2017 committee minutes.
Then, after extensive review by the committee, Vice-chairman Irvine asked for a motion to place the recommended approved items on the omnibus for Board approval. The recommended items included all agenda items.
After the motion was moved and seconded, the motion was approved with five yes votes. The recommended omnibus contained the following items:
1 An ordinance authorizing payment of up to $4.5 million for stipends to encourage proposals for the Red and Purple Modernization Project Phase One design-build procurement.
2 Contract Number B17OP03615R: $2,500,000.00
3 Contract Number B17OP04310: $40,000.00
4 Contract Number C12FT101275135: $13,998,937.59
5 Contract Number C16FT101891562R: $467,355.00
6 Contract Number C17FI101819435: $2,196,059.00
7 Contract Number C14FI101637828: $65,743.00
8 Contract Number B17OP01594: $300,000.00
9 Contract Number B17OP01090: $450,000.00
10 Contract Number B14OP04370H: $250,000.00
11 Contract Number B17OP03786: $28,508,242.20
12 Contract Number B12OP80046: $100,000.00
MOTION TO ADJOURN: Vice-chairman Irvine asked for a motion to adjourn the Finance, Audit, and Budget committee meeting of October 11, 2017. After the motion was moved, the motion was approved by unanimous voice vote.
http://www.transitchicago.com/assets/1/agendas_minutes/FAB_Minutes_-_10_11_17.pdf
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