Jennifer Macias

The boards reviewed and approved the fiscal year 2026 annual budgets for both agencies. Discussions centered on financial performance, including transaction and revenue trends, debt service coverage ratios, and compliance with bond indenture requirements. The presentation detailed allocations for capital projects, including the start of the 24191 project construction, and strategies for early bond debt repayment. Additionally, administrative expenditures, staffing needs, and the potential implementation of AI features were reviewed.

The meeting included a public comment addressing negotiations between the City of San Clemente and the TCA. The Board approved the consent calendars for the San Joaquin Hills Transportation Corridor Agency and the Foothill Eastern Transportation Corridor Agency. Discussions covered a new pension funding policy for both agencies, aiming to maintain a funded ratio between 90% and 100% of actuarial liabilities, and financial considerations regarding the Pacifica improvement project, specifically evaluating ownership and cost-sharing scenarios for the remodel.

The boards held a joint meeting to discuss and address several matters. A representative from the Catholic War Veterans provided public comment regarding the potential expansion of disabled veteran toll fee exemptions to additional toll roads. The boards approved consent calendars for both agencies. Furthermore, the meeting addressed the procurement of on-call lands management services, including the pre-qualification of three firms for a multi-year term. Discussion occurred regarding the necessity of a 10% contingency fund for these service contracts, with board members expressing concerns about its justification for non-capital projects.

The meeting included a presentation on the 241/91 Express Connector project, covering environmental document certification, project background, current impacts, and future milestones, including the start of the construction bid process and estimated completion by late 2028. Additionally, the boards received an informational report regarding traffic monitoring and forecasting, and an overview of 15 various transportation projects on or near the agencies' road systems.

The board meeting included the election of chair and vice-chair for both the Sanwaqin Hills Transportation Corridor Agency and the Foothill Eastern Transportation Corridor Agency. Key agenda items included the approval of consent calendars and a presentation regarding the procurement of architectural services for the Pacifica building renovation, which will involve site improvements, interior space planning, and energy efficiency upgrades. The board reviewed proposals and recommended the Smith Group as the architectural firm for the project.