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
Then we have this howler from the Operations Committee agenda:
*Status Report on METRORail 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.