The Board meeting addressed several financial and operational matters. Key resolutions included the appointment of TA Realty Value-Add Fund XIV as an investment manager for the pension plan, the purchase of self-insured PPO dental insurance for TWU Local 234 employees from United Concordia Dental, and the awarding of a sealed bid contract to Unisys Corporation for cloud-based web hosting services. Additionally, the Board approved various sole source procurements for technical support, fuel system components, software licensing, and equipment repairs. Finally, the Board authorized contract amendments for paratransit services in Bucks County and for construction-related services on the 30th to K Overhead Contact System project.
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The board meeting focused on financial and operational resolutions. Key agenda items included the appointment of an investment manager for the pension plan, authorization to enter into contracts for long-term disability insurance, and the renewal of property, bridge, and terrorism risk insurance policies. Additionally, the board approved contracts for compensation consulting services and pension actuarial services, and discussed items for consideration related to station leasing, licensing agreements for training operations, and revisions to delegations of authority for procurement activities.
The meeting agenda covered several key operational and financial topics, including a review of the June 2026 financial report and divisional performance. Resolutions addressed the cancellation of the August 2026 meetings, the appointment of an investment manager for the pension plan, and the awarding of a contract for customer service training. Additionally, authorization was granted for the purchase of stop loss insurance, the renewal of railroad protective liability insurance, and the issuance of purchase orders to PECO Energy Company for substation and trolley infrastructure projects.
The Southeastern Pennsylvania Transportation Authority's proposed operating and capital budget in brief for fiscal year 2027 (July 1, 2026 - June 30, 2027), a pre-adoption summary of the recommended budget.
