Rosa Y. Ortiz

The board meeting agenda included several key topics, such as the presentation of an ADA Advisory Committee report and a President's report. Board matters involved the approval of an ordinance fixing the salary for a new board member and appointing her to the Finance, Audit, and Budget Committee. The Finance, Audit, and Budget Committee report included recommendations for a new bulk discount rate for Park and Ride facilities, an amendment to a property lease for the Red Line Extension Project, updates to rules regarding public performances on company property, and the approval of various purchase and sales awards. Additionally, a construction report was presented as part of the proceedings.

The meeting focused on several key items including a financial report update discussing revenue trends and expense management, authorization of a bulk discount rate for select park and ride facilities to increase non-farebox revenue, approval of a lease amendment for property related to the Redline Extension project, and an amendment to expand the ability to contract with community organizations for temporary public art and performance installations at various transit stations.

The committee reviewed the hardship and loan reports for the 457 and 401(k) plans, including data on transaction volumes, approval rates, and outstanding loan balances. A participant activity report was provided covering one-on-one and group meetings. The committee discussed the expense budget account, including pending invoices for reimbursement to the CTA. Additionally, the projected 2026 budget was analyzed, noting estimated revenues and expenses, and potential long-term planning for contract payments. Finally, the committee approved invoices for legal and advisory services.

The committee held a general administration session where they approved three invoices for payment: one for legal services from Burke, Warren, MacKay & Serritella, one for investment services from Marquette Associates, and one for custody services from Northern Trust.

The committee meeting covered infrastructure updates including the All Stations Accessibility Program, the implementation of an Accessible Pedestrian Signals program, bus stop accessibility improvements, and the Bus Priority Corridor Study. Discussions focused on the impact of construction projects on accessibility, prioritization criteria for public requests, the design of bus boarding islands near bike lanes, and potential improvements to bus travel speed and reliability. Additionally, the Wayfinding Subcommittee reported on audio announcement testing, and the facilitator provided updates on outreach, paratransit ridership, and station renovation progress.