DOCSLIB.ORG

Los Angeles County Metropolitan Transportation Authority

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Los Angeles County Metropolitan Transportation Authority ® NEW ISSUE—BOOK‑ENTRY‑ONLY Ratings: Moody’s: “Aa1” S&P: “AAA” See “RATINGS” herein. In the opinion of Kutak Rock LLP, Bond Counsel to LACMTA, under existing laws, regulations, rulings and judicial decisions and assuming the accuracy of certain representations and continuing compliance with certain covenants, interest on the Series 2017 Bonds is excluded from gross income for federal income tax purposes and is not a specific item of tax preference for purposes of the federal alternative minimum tax, except that interest on the Series 2017 Bonds will be included in a corporate taxpayer’s adjusted current earnings for purposes of computing its federal alternative minimum tax. Bond Counsel is further of the opinion that interest on the Series 2017 Bonds is exempt from present State of California personal income taxes. For a more complete description, see “TAX MATTERS” herein. $556,850,000 LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY $471,395,000 $85,455,000 Proposition A First Tier Senior Sales Proposition A First Tier Senior Sales Tax Revenue Bonds, Tax Revenue Refunding Bonds, Series 2017‑A (Green Bonds) Series 2017‑B Dated: Date of Delivery Due: As shown on inside cover The Los Angeles County Metropolitan Transportation Authority (“LACMTA”) is issuing its Proposition A First Tier Senior Sales Tax Revenue Bonds, Series 2017-A (Green Bonds) (the “Series 2017-A Bonds”) and its Proposition A First Tier Senior Sales Tax Revenue Refunding Bonds, Series 2017-B (the “Series 2017-B Bonds”). The Series 2017-A Bonds and the Series 2017-B Bonds are collectively referred to herein as the “Series 2017 Bonds.” The Series 2017 Bonds are being issued pursuant to the Trust Agreement, dated as of July 1, 1986, as amended and supplemented (the “Trust Agreement”), by and between LACMTA and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), and the Thirty-Eighth Supplemental Trust Agreement, to be dated as of October 1, 2017 (the “Thirty-Eighth Supplemental Agreement,” and together with the Trust Agreement, the “Agreement”), by and between LACMTA and the Trustee. The Series 2017 Bonds are limited obligations of LACMTA payable from and secured by a first lien on and pledge of the Pledged Revenues (which includes the receipts from the imposition in the County of Los Angeles for public transit purposes of a one-half cent retail transactions and use tax, less 25% thereof paid to local jurisdictions and certain administrative fees) and by certain other amounts held under the Agreement. See “SECURITY AND SOURCES OF PAYMENT FOR THE SERIES 2017 BONDS” and “PROPOSITION A SALES TAX AND COLLECTIONS” herein. LACMTA will use the proceeds of the Series 2017 Bonds, along with certain other available moneys, to (a) finance or refinance (through the repayment of Proposition A Commercial Paper Notes) the development and construction of certain projects of the rail transit system, including projects that have been identified as environmentally beneficial, as further described herein, (b) refund, on an advance basis, and defease certain outstanding bonds, as further described herein, (c) make a deposit to the reserve fund, as further described herein, and (d) pay the costs of issuance of the Series 2017 Bonds. The Series 2017 Bonds will be issued in denominations of $5,000 and integral multiples thereof. The Series 2017 Bonds will be issued in fully registered form and will be registered in the name of Cede & Co., as registered owner and nominee of The Depository Trust Company, New York, New York (“DTC”), the securities depository for the Series 2017 Bonds. Individual purchases and sales of the Series 2017 Bonds may be made in book-entry form only. See “APPENDIX H—BOOK–ENTRY–ONLY SYSTEM.” The Series 2017 Bonds will mature in the principal amounts and will bear interest at the rates set forth on the inside front cover page. LACMTA will pay interest on the Series 2017 Bonds on January 1 and July 1, commencing on July 1, 2018. Certain of the Series 2017-A Bonds are subject to redemption prior to maturity as described in this Official Statement. The Series 2017-B Bonds are not subject to redemption prior to maturity. See “DESCRIPTION OF THE SERIES 2017 BONDS—Redemption of Series 2017-A Bonds.” Neither the faith and credit nor the taxing power of the County of Los Angeles, the State of California or any political subdivision or public agency thereof, other than LACMTA to the extent of the Pledged Revenues and certain other amounts held by the Trustee under the Agreement, is pledged to the payment of the principal of or interest on the Series 2017 Bonds. Other than Pledged Revenues and such other amounts held by the Trustee under the Agreement, the general fund of LACMTA is not liable, and neither the credit nor the taxing power of LACMTA is pledged, to the payment of the principal of or interest on the Series 2017 Bonds. LACMTA has no power to levy property taxes to pay the principal of and interest on the Series 2017 Bonds. Purchasers of the Series 2017 Bonds will be deemed to have consented to certain amendments to the Trust Agreement. See “INTRODUCTION—Proposed Amendments to Trust Agreement” herein. This cover page contains certain information for general reference only. It is not intended to be a summary of the terms of, or the security for, the Series 2017 Bonds. Investors are advised to read this Official Statement in its entirety to obtain information essential to making an informed investment decision. Capitalized terms used on this cover page and not otherwise defined have the meanings set forth herein. Pursuant to competitive bidding held on October 12, 2017, the Series 2017-A Bonds were awarded at a true interest cost of 3.237992% (prior to adjustment), and the Series 2017-B Bonds were awarded at a true interest cost of 1.260938% (prior to adjustment). See “SALE OF SERIES 2017 BONDS” herein. LACMTA is offering the Series 2017 Bonds when, as and if it issues the Series 2017 Bonds. The issuance of the Series 2017 Bonds is subject to the approval as to their validity by Kutak Rock LLP, Bond Counsel to LACMTA. The Los Angeles County Counsel, as General Counsel to LACMTA, and Nixon Peabody LLP, as Disclosure Counsel, will pass on certain legal matters for LACMTA. LACMTA anticipates that the Series 2017 Bonds will be available for delivery through the facilities of DTC on or about October 31, 2017. Date of Official Statement: October 12, 2017 MATURITY SCHEDULE $471,395,000 Los Angeles County Metropolitan Transportation Authority Proposition A First Tier Senior Sales Tax Revenue Bonds Series 2017-A (Green Bonds) Maturity Date Principal Interest (July 1) Amount Rate Yield Price CUSIP Nos.† 2022 $13,200,000 5.000% 1.210% 117.144 54466HFD3 2023 13,855,000 5.000 1.340 119.906 54466HFE1 2024 14,550,000 5.000 1.470 122.336 54466HFF8 2025 15,275,000 5.000 1.620 124.274 54466HFG6 2026 16,040,000 5.000 1.760 125.935 54466HFH4 2027 16,845,000 5.000 1.880 127.458 54466HFJ0 2028 17,685,000 5.000 1.990C 126.347C 54466HFK7 2029 18,570,000 5.000 2.090C 125.348C 54466HFL5 2030 19,500,000 5.000 2.160C 124.654C 54466HFM3 2031 20,475,000 5.000 2.230C 123.964C 54466HFN1 2032 21,495,000 5.000 2.300C 123.279C 54466HFP6 2033 22,570,000 5.000 2.360C 122.696C 54466HFQ4 2034 23,700,000 5.000 2.420C 122.115C 54466HFR2 2035 24,885,000 5.000 2.470C 121.634C 54466HFS0 2036 26,130,000 5.000 2.510C 121.251C 54466HFT8 2037 27,435,000 5.000 2.550C 120.869C 54466HFU5 2038 28,810,000 5.000 2.610C 120.299C 54466HFV3 2039 30,250,000 5.000 2.640C 120.015C 54466HFW1 2040 31,760,000 5.000 2.660C 119.826C 54466HFX9 2041 33,350,000 5.000 2.680C 119.638C 54466HFY7 2042 35,015,000 5.000 2.700C 119.450C 54466HFZ4 † Copyright 2017, American Bankers Association. CUSIP® is a registered trademark of the American Bankers Association. The CUSIP data herein is provided by CUSIP Global Services (CGS), which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence. The CUSIP numbers are not intended to create a database and do not serve in any way as a substitute for the CGS database. CUSIP numbers have been assigned by an independent company not affiliated with LACMTA and are provided solely for convenience and reference. The CUSIP numbers for a specific maturity are subject to change after the issuance of the Series 2017 Bonds. LACMTA does not take any responsibility for the accuracy of the CUSIP numbers provided herein. C Priced to par call on July 1, 2027. $85,455,000 Los Angeles County Metropolitan Transportation Authority Proposition A First Tier Senior Sales Tax Revenue Refunding Bonds Series 2017-B Maturity Date Principal Interest (July 1) Amount Rate Yield Price CUSIP Nos.† 2022 $41,685,000 5.000% 1.180% 117.293 54466HGA8 2023 43,770,000 5.000 1.310 120.087 54466HGB6 † Copyright 2017, American Bankers Association. CUSIP® is a registered trademark of the American Bankers Association. The CUSIP data herein is provided by CUSIP Global Services (CGS), which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence. The CUSIP numbers are not intended to create a database and do not serve in any way as a substitute for the CGS database. CUSIP numbers have been assigned by an independent company not affiliated with LACMTA and are provided solely for convenience and reference.
Load more

Recommended publications
  • Metro Bus and Metro Rail System
    Approximate frequency in minutes Approximate frequency in minutes Approximate frequency in minutes Approximate frequency in minutes Metro Bus Lines East/West Local Service in other areas Weekdays Saturdays Sundays North/South Local Service in other areas Weekdays Saturdays Sundays Limited Stop Service Weekdays Saturdays Sundays Special Service Weekdays Saturdays Sundays Approximate frequency in minutes Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Weekdays Saturdays Sundays 102 Walnut Park-Florence-East Jefferson Bl- 200 Alvarado St 5-8 11 12-30 10 12-30 12 12-30 302 Sunset Bl Limited 6-20—————— 603 Rampart Bl-Hoover St-Allesandro St- Local Service To/From Downtown LA 29-4038-4531-4545454545 10-12123020-303020-3030 Exposition Bl-Coliseum St 201 Silverlake Bl-Atwater-Glendale 40 40 40 60 60a 60 60a 305 Crosstown Bus:UCLA/Westwood- Colorado St Line Route Name Peaks Day Eve Day Eve Day Eve 3045-60————— NEWHALL 105 202 Imperial/Wilmington Station Limited 605 SANTA CLARITA 2 Sunset Bl 3-8 9-10 15-30 12-14 15-30 15-25 20-30 Vernon Av-La Cienega Bl 15-18 18-20 20-60 15 20-60 20 40-60 Willowbrook-Compton-Wilmington 30-60 — 60* — 60* — —60* Grande Vista Av-Boyle Heights- 5 10 15-20 30a 30 30a 30 30a PRINCESSA 4 Santa Monica Bl 7-14 8-14 15-18 12-18 12-15 15-30 15 108 Marina del Rey-Slauson Av-Pico Rivera 4-8 15 18-60 14-17 18-60 15-20 25-60 204 Vermont Av 6-10 10-15 20-30 15-20 15-30 12-15 15-30 312 La Brea
    [Show full text]
  • Guaranteed Ride Home: U.S
    Q Guaranteed Ride Home: U.S. Department of Transportation Taking the Worry Out of Ridesharing November 1990 Table of Contents Introduction What is a Guaranteed Ride Home program? i m Section 1: Program Design Outline Goals and Objectives / Understand Company and Employee Needs 2 Approximate the Number of Trips to be Taken 3 Identify Options 4 Recognize Liability Issues 9 Solicit Management Support lo m Program Implementation Choosing Options and Vendors 11 Writing a Policy 12 Eligibility Requirements 13 Valid Reasons for Using GRH Sen/ices 14 Restrictions 15 Procedures to Participate 16 Staffing 17 Budgeting 17 Cost to Employees 18 Methods of Payment 19 Marketing 20 Monitoring 20 Finding Help 21 m Appendix A: Research and Data Background Research 23 Cost Comparison of GRH Options 27 CTS's GRH Profile Usage Rates Among Southern California Companies 29 Appendix B: Resources Taxi Operators Resource List 33 Auto Rental Companies Resource List 35 Private Shuttle Companies Resource List 35 Community Sponsored Shuttles/Local Dial-A-Ride Companies Resource List 36 Public Transit Operators Resource List 40 GRH Contact List 42 u Appendix C: Samples Employee GRH Needs Assessment Survey 49 Vouchers 51 Central Billing Application and Other Rental Car Information 55 Fleet Vehicle Mileage Log 60 Fleet Vehicle GRH Agreement 61 TMO GRH Agreement with Participating Members 62 GRH Informed Consent, Release and Waiver of Liability 63 Letter to Supervisors 65 GRH Pre- Registration Application 66 Procedures to Participate 67 GRH Confirmation Report 68 GRH Marketing Materials 69 This handbook introduces the Guaranteed Ride Home program as an incentive to encourage ridesharing.
    [Show full text]
  • July 27, 1994
    JULY 27, 1994 CONTACT: ANDREA GREENE/JIM SMART MTA PRESS RELATIONS (213) 244-6943, 244-6347 FOR IMMEDIATE RELEASE MTA FIELDS 345 BUSES ON THIRD DAY OF STRIKE; ANOTHER TOLL-FREE BUS INFORMATION NUMBER ACTIVATED A total of 345 MTA, Laidlaw and Mayflower buses rolled into service on 30 bus lines Wednesday, July 27, the third day of a work stoppage by MTA's three principal unions. The state mediator, Tom McCarthy, met with officials of the MTA and the Amalgamated Transit Union (ATU) Tuesday night. He called for another meeting Friday, July 29. "We will send our negotiators to meet with the ATU leadership at that time," said Edmund Edelman, MTA chairman and a Los Angeles County Supervisor. "We are working as hard as we can to solve this most unfortunate situation and we'll continue to work with the state mediator to get a fair agreement." MTA Chief Executive Officer Franklin White reported that 132 MTA buses driven by substitute bus operators, 68 Mayflower school buses and 145 Laidlaw school buses comprised the fleet that went into service Wednesday. MTA also has activated a second toll-free telephone information number to assist its riders in getting bus route information. The number, (800) 8700-MTA, has recorded information regarding the bus and train lines operating during the strike, and the hours they are operating. "This new number is to supplement the (800) COMMUTE number, which is answered by one of our telephone information operators," said White. "Because of the high volume of information calls we are experiencing, we felt the addition of this second information number would help people get the information they needed without having to wait to speak with one of our representatives." (MORE) Metropolitan Transportation Authority 818 West Seventh Street Suite 300 10s Angeles, CA Mailing Address:Box 194 10s Angeles, CA.
    [Show full text]
  • A PDF Sample Issue of the News and Views
    RTP News and Views Sample Issue 2008 Free Rapid Transit Press Post Office Box 2383 Downey, Ca 90242 On the Cover Sun Line Orion 512 in downtown Palm Springs in June 2006. (Andrew Novak Photo) Message from the editor: Rapid Transit Press Dedicated to Preserving Transit History Sample Issue 2008 Free RTP News and Views is not affiliated with any transit agency. “I started Rapid Transit Press as a way to share All opinions are those of the authors. Logos appear for historical reference only. transportation information and photos with everyone. The idea of preserving the past is important to me and that is why I write books and this newsletter. The News Subscription Rates and Views is a combination of current news, Individual Issues – Price Varies transportation history and some personal views on transportation. Thank you for purchasing the News and (Effective January 2006 Subscriptions are no longer Views.” available) -Andy (Make checks/Money Orders payable to Andrew Novak) “We have checked and rechecked item by item against official records and eyewitness accounts. We trust those ©2008 Rapid Transit Press mistakes which will inevitably creep in will be few in Reproduction of the News and Views is forbidden without number and minor in importance” written permission from RTP. -Jim Walker www.rapidtransit-press.com Senior Editor Andrew Novak ([email protected]) Editorial Staff T. B. Blackstone Senior Staff Contributors Craig Barnes Edmund Buckley Albert Novak Russ Jones Inside this issue: Pages: Adventures of Super Rider ...........................................18-20
    [Show full text]
  • Final Action Plan: a Locally Developed, Coordinated Public
    The Los Angeles County Consolidated Transportation Services Agency FINAL Action Plan: A Locally Developed, Coordinated Public Transit-Human Services Transportation Plan For Los Angeles County Prepared for: Access Services, Inc. 707 Wilshire Blvd., 9th Floor Los Angeles, CA. 90017 (213) 270-6000 On Behalf of: The Southern California Association of Governments (SCAG) and The Los Angeles Metropolitan Transportation Authority (METRO) OCTOBER 2007 PUBLIC TRANSIT-HUMAN SERVICES TRANSPORTATION ACTION PLAN FOR LOS ANGELES COUNTY The Los Angeles County Consolidated Transportation Services Agency ACTION PLAN: A LOCALLY DEVELOPED, COORDINATED PUBLIC TRANSIT-HUMAN SERVICES TRANSPORTATION PLAN FOR LOS ANGELES COUNTY Table of Contents Page EXECUTIVE SUMMARY vi CHAPTER 1 – THE COORDINATION ACTION PLAN 1 1.1 Federal Transit Administration Program Guidance 1 1.2 Los Angeles County Action Plan 2 CHAPTER 2 – APPROACH TO A PLAN FOR LOS ANGELES COUNTY 4 2.1 The Setting 4 2.2 Work Plan, Approach and Project Timing 4 CHAPTER 3 – RESOURCE AND NEEDS ASSESSMENT: QUANTITATIVE 8 ANALYSES 3.1 Demand Estimation Findings 8 3.2 2006 Stakeholder Inventory Approach 10 3.3 2006 Stakeholder Inventory Responses and Findings 12 CHAPTER 4 – NEEDS ASSESSMENT: STAKEHOLDER INVOLVEMENT 34 4.1 Introduction 34 4.2 Stakeholder Involvement Objectives and Methodology 34 4.3 Stakeholder Involvement Process 37 4.4 Key Findings of the Stakeholder Interview Process 39 4.5 Other Stakeholder Involvement Activities 41 CHAPTER 5 – FINDINGS OF THE NEEDS ASSESSMENT 44 5.1 Federal Transit Administration
    [Show full text]
  • 2016 Metro Transit Service Policies and Standards
    2016 Metro Transit Service Policies & Standards TABLE OF CONTENTS EXECUTIVE SUMMARY .................................................................................................................. 4 BACKGROUND ............................................................................................................................ 4 SECTION 1: INTRODUCTION, PURPOSE & BACKGROUND ........................................... 8 1.1 Introduction ........................................................................................................................... 8 1.2 2015 Peer Review Committee (PRC) (Formerly known as the Blue Ribbon Committee BRC) .................................................................................................................. 9 1.3 Purpose .................................................................................................................................. 10 1.4 Background ........................................................................................................................... 11 1.5 APTA Peer Review Committee .................................................................................... 14 SECTION 2: DESIGNING A REGIONAL TRANSIT NETWORK .................................... 15 2.1 Key Principles of Network Design ............................................................................... 15 2.2 Markets Served ................................................................................................................... 18 2.3 Transit Service Classifications
    [Show full text]
  • Los Angeles System Complete
    Approximate frequency in minutes Approximate frequency in minutes Approximate frequency in minutes Approximate frequency in minutes East/West Local Service in other areas Weekdays Saturdays Sundays East/West Local Service in other areas Weekdays Saturdays Sundays Limited Stop Service Weekdays Saturdays Sundays Special Service Weekdays Saturdays Sundays Metro Bus Lines Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Line Route Name Peaks Day Eve Day Eve Day Eve Approximate frequency in minutes 102 Walnut Park-Florence-E Jefferson Bl- 30 30 50a 40 50a 40 50a 181 Hollywood Bl-Los Feliz Bl-Yosemite Dr- 15 30 20-60 17-20 20-60 20 20-60 302 Sunset Bl Limited 5-15 —————— 603 Rampart Bl-Hoover St-Allesandro St- 15 20 30 20 30 20 30 NEWHALL Local Service To/From Downtown LA Weekdays Saturdays Sundays Exposition Bl-Coliseum St Colorado Bl-Sierra Madre Villa Station 304 Santa Monica Bl-Union Sta Limited 5-12 15 — 12 — 15 — Colorado St SANTA CLARITA 5 105 Vernon Av-La Cienega Bl 6-8 12-15 20-60 15 20-60 20 40-60 183 Magnolia Bl-East Colorado St- 60 30-60 60a 30-60 2 trips 30-60 2 trips 605 Grande Vista Av-Boyle Heights- 10 15-20 30a 30 30a 30 30a PRINCESSA Line Route Name Peaks Day Eve Day Eve Day Eve 305 Crosstown Bus:UCLA/Westwood- 30 45-60 ————— VINCENT GRADE/ACTON Veterans 2 Sunset Bl 5-10 8-10 15-30 10-15 15-30 10-20 20-30 108 Marina Del Rey-Slauson Av-Pico Rivera 5-8 15 25-60 15-20 25-60 20 25-60 Glendale Transportation Center LA County+USC Medical Center
    [Show full text]
  • Employees' Association JFB Room A-17 (213) 367-3146
    EMPLOYEES’ LOS ANGELES WATER & POWER ASSOCIATION REPORT SEPTEMBER 2018 WELCOME EMPLOYEES’ ASSOCIATION 2018-2019 BOARD OF DIRECTORS CHARITY FAIR OCTOBER 4, 2018 ASSOCIATION INFORMATION Greetings my fellow LOS ANGELES WATER AND POWER Association members, EMPLOYEES’ ASSOCIATION John Ferraro Building It is with great honor that I 111 North Hope Street, Room A-17 begin August as the Employees’ Los Angeles, CA 90012 Association Board President. I have (213) 367-3146 Fax (213) 367-3286 been with the Department for five years, and I have had the wonderful Office hours: opportunity to serve on the Monday through Friday 8:00 a.m. to 3:00 p.m. Association’s Board of Directors for Serving employees and retirees of the City of the past three. I look forward to a Los Angeles and Department of Water & Power at locations busy year in service to our members. throughout the Greater Los Angeles Area, Victorville, Owens Valley, Nevada, and Utah since 1933. Now on to some noteworthy items. First, please join me in congratulating the recent winners of the Association Board of Directors: Board Elections: Hildreath Anderson, Shavon Paige, Monica Alvarez Water System and Albert Santillan – welcome and may your time as a Hildreath Anderson Joint System Board member be rewarding and worthwhile. Second, an Marcos Ballesteros, President Power System additional thank you to our returning Board members. Ramie Beltran Retired Employees’ Rep. I appreciate you taking on these leadership roles and Shirley Brown, Executive Officer Joint System ensuring that the Association continues to thrive. Finally, Vivian Flores, Secretary Water System the 2018 Donors’ Welfare Plan Campaign took place Bryan Grace Director/Executive Sec.
    [Show full text]
  • An Information and Institutional Inventory of Californiatransit Agencies
    CALIFORNIA PATH PROGRAM INSTITUTE OF TRANSPORTATION STUDIES UNIVERSITY OF CALIFORNIA, BERKELEY An Information and Institutional Inventory of CaliforniaTransit Agencies Mark D. Hickman Theodore Day California PATH Research Report UCB-ITS-PRR-96-12 This work was performed as part of the California PATH Program of the University of California, in cooperation with the State of California Business, Transportation, and Housing Agency, Department of Transportation; and the United States Department of Transportation, Federal Highway Administration. The contents of this report reflect the views of the authors who are responsible for the facts and the accuracy of the data presented herein. The contents do not necessarily reflect the official views or policies of the State of California. This report does not constitute a standard, specification, or regulation. May 1996 ISSN 1055-1425 An Information and Institutional Inventory of California Transit Agencies Mark D. Hickman Theodore Day May 1996 Abstract This research identifies and investigates the current technical and institutional framework for information systems and technologies at public transit agencies in California. With the rapid development of new information systems and technologies over the past 10 years, there are many opportunities for public transit agencies to improve data collection, processing and dissemination. This study examines the current state-of-the-practice in California for the collection, use and sharing of data for operations monitoring, service planning, performance measurement and customer information. To investigate these topics, a broad survey of transit agencies in California was conducted, followed by detailed site visits and interviews with several representative agencies. This paper presents these survey results and generates some conclusions for improving current practice.
    [Show full text]
  • Los Angeles County Metropolitan Transportation Authority
    NEW ISSUE‑BOOK‑ENTRY‑ONLY RATING: Moody’s: “Aa2” ® S&P: “AA+” (See “RATINGS” herein) In the opinion of Bond Counsel, under existing law and assuming compliance with the tax covenants described herein, and the accuracy of certain representations and certifications made by LACMTA described herein, interest on the Series 2017-A Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”). Bond Counsel is also of the opinion that such interest is not treated as a preference item in calculating the alternative minimum tax imposed under the Code with respect to individuals and corporations. Bond Counsel is further of the opinion that interest on the Series 2017-A Bonds is exempt from personal income taxes of the State of California under present State law. See “TAX MATTERS” herein regarding certain other tax considerations. $454,845,000 LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY Proposition C Sales Tax Revenue Bonds Senior Bonds, Series 2017‑A Dated: Date of Delivery Due: As shown on inside cover The Los Angeles County Metropolitan Transportation Authority (“LACMTA”) is issuing its Proposition C Sales Tax Revenue Bonds, Senior Bonds, Series 2017-A (the “Series 2017-A Bonds”) pursuant to the Amended and Restated Trust Agreement, dated as of January 1, 2010 (the “Trust Agreement”), by and between LACMTA and U.S. Bank National Association, as trustee (the “Trustee”), and the Twenty-Seventh Supplemental Trust Agreement, to be dated as of February 1, 2017 (the “Twenty-Seventh Supplemental Agreement,” and together with the Trust Agreement, the “Agreement”), by and between LACMTA and the Trustee.
    [Show full text]
  • Transit Emergency Planning Guidance Technical Appendices
    Transit Emergency Planning Guidance Technical Appendices California Department of Transportation Division of Mass Transportation July 2007 Copyright © 2007, California Department of Transportation – Al rights reserved. Table of Contents Appendix A: Prepare ............................................................................ 1 Transt Emergency Response Team Roster .................................................2 Caltrans Response & Recovery Conference Report ....................................3 Employee Disaster Support Role Agreement..............................................7 Sample Mobilization Readiness Checklist ...................................................8 Alternative Facility Identification/Certification .........................................10 Safety, Security, & Emergency Preparedness Plan (SSEPP) Template .......11 Draft Mutual Aid Agreements...................................................................12 Appendix B: Prevent .......................................................................... 18 Index of Transit Hazards and Threats ........................................................19 Hazard & Threat Assessment Forms .........................................................22 Tabletop Exercise Scenarios ......................................................................28 Appendix C: Respond ......................................................................... 39 Internal Incident Response Protocols .......................................................40 Procedures for Hazards and
    [Show full text]
  • January 1994 Board Meeting
    PLANNING & PROGRAMMING COMMITTEE RECOMMENDATION The Planning & Programming Committee recommends approval of the 1994 Los Angeles County Coordinated Paratransit Plan, continued participation in the Plan and transmitting the Plan to the FTA. Planning & Programming Committee - January 13, 1994 December 30, 1993 M MEMO TO: PLANNING AND PROGRAMMING COMMITTEE THROUGH : FRANKLIN E. WHITE Los Angeles County FROM: JUDITH A. WILSON~0 Metropolitan Transportation SUBJECT : 1994 LOS ANGELES COUNTY COORDINATED PARATRANSIT Authority PLAN RECOMMENDATION 8~8 West Seventh Street Suite 300 I) Approve the attached Los Angeles County Coordinated Paratransit Plan. 7Los Angeles, CA9ooi 2) Approve the continued participation of the MTA in the m3.623.H94 Coordinated Paratransit Plan. 3) Direct staff to transmit this plan to the FTA on behalf of the MTA and the other 36 Los Angeles County fixed route transit operators. ALTERNATIVES CONSIDERED No alternatives were considered since the Board reviewed this plan, pending public comment at the December meeting. Additionally, the paratransit plan is required by federal law. IMPACT ON BUDGET AND OBJECTIVES The FY 1994 budget includes sufficient funds for 1994 plan implementation. The Annual Update is a progress report on the implementation of the coordinated paratransit plan which was approved by both the former LACTC and SCRTD boards. The plan as submitted is consistent with the MTA’s objectives. Impact on $126 Million ODeratinq Deficit: Approval of this item will not increase the $126 million deficit. Failure to approve could cause the loss or suspension of federal funding therefore increasing the operating deficit. BACKGROUND In December, the Board directed staff to conduct a public hearing on the proposed FY 1994 Los Angeles County Coordinated Paratransit Plan.
    [Show full text]