Jolene Bradford

This document outlines the VTA's Local Investment Framework, which initiates a 14-year program of projects derived from the SB 63 5-County Regional Measure. The framework aims to achieve financial sustainability by focusing on three primary outcomes: growing ridership, increasing productivity, and enhancing the customer experience through improved safety, security, and cleanliness. The strategy is structured into 'Foundation,' 'Reimagine,' and 'Transformation' phases, encompassing initiatives such as bus corridor improvements, upgraded infrastructure, service stabilization, visionary network implementation, speed enhancements, customer programs, technology integration, innovative mobility partnerships, advanced vehicle technologies, and major capital and station redevelopments. The plan is designed to result in lower unit costs, faster trips, and increased ridership for both bus and rail services.

The committee workshop agenda includes a review of recent crime statistics and various informational updates. Key topics include an overview of the Executive Leadership Team's STO program, the status of Board adoption for the new Customer Code of Conduct and Prohibition Orders, and a legal review of the Prohibition Orders Administration Policy. Additionally, the agenda covers the recruitment process for vacant committee seats, receipt of a Brown Act Fact Sheet, and updates regarding STO training and graduation.

The workshop agenda includes a discussion item to review and provide comments on the Complete Streets Checklists intended for applicants of the One Bay Area Grant Cycle 4.

The Oversight Committee discussed various agenda items related to the BART Silicon Valley Phase II Extension Project. Key topics included the approval of a contract amendment for unarmed security services, a progress report from the independent subject matter expert, an assessment of procurement risks by the Auditor General, and an authorization for a significant design-build agreement amendment with Kiewit Shea Traylor for tunnel and trackwork. The committee also considered a resolution to submit an allocation request for Regional Measure 3 funds and reviewed the sales tax long-range forecast.

The Board of Pensions meeting agenda includes the consideration of requests for service pensions, educational program attendance by board members and staff, and a demonstration of the Pension Gold system. The board will review quarterly performance reports, conduct a closed session for private equity manager interviews and final selection, and discuss wage type pensionable classifications. Additionally, the agenda covers a quarterly budget review, an update on separated employees' distribution and final benefit payments, reports from the investment committee and chairperson, and a review of the board's work plan.