Metro board meetings on Thursday

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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.


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About Anne Linehan 2323 Articles
Anne Linehan is a co-founder of blogHOUSTON.