Chicago Transit Authority Board Finance Audit and Budget Committee met Aug. 15.
Here is the minutes provided by the Committee:
ROLL CALL: Chairman Silva, Irvine, Peterson, Miller, Alva Rosales, Youngblood. There was a quorum of six committee members present.
COMMITTEE ACTION: The committee reviewed the Finance report and approved the July 11th, 2018 committee minutes.
Then, after extensive review by the committee, Chairman Silva asked for a motion to place all recommended approved items, both ordinances and the 9 contracts, on the omnibus for Board approval. Moved and seconded, the motion to recommend Board approval of the omnibus was approved with six yes votes.
The approved items are as follows:
1 An ordinance authorizing entry into a permanent easement agreement with the City of Chicago granting the Authority an easement n certain property located at 1311-15 North Moorman Street and 1329 North Moorman Street, Chicago, Illinois (Blue Line).
2 An ordinance authorizing a sublease to DJM Logistics, LLC of a portion of property located at 120
North Racine Avenue, Chicago, Illinois.
3 Contract Number B08OFR03708: $780,000.00
4 Contract Number B18OP04377: $750,000.00
5 Contract Number C18FT101292428: $29,955,000.00
6 Contract Number C16FI101819435: $440,000.00
7 Contract Number B18OP00321: $450,000.00
8 Contract Number B18OP04338: $179,000.00
9 Contract Number B13OP01803: $4,000,000.00
10 Contract Number B12FR04147: $644,782.00
11 Contract Number B12OP04174: $355,417.08
MOTION TO ADJOURN: Chairman Silva asked for a motion to adjourn the Finance, Audit, and Budget committee meeting of August 15th, 2018. After the motion was moved, the motion was approved by unanimous voice vote.
https://www.transitchicago.com/assets/1/21/FAB_Minutes_-_8.15.18.pdf?21062
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