Orange County Transportation Authority  
Finance and Administration Committee Agenda  
Wednesday, March 13, 2024 at 10:30 a.m.  
Board Room, 550 South Main Street, Orange, California  
Committee Members  
Michael Hennessey, Chair  
Patrick Harper, Vice Chair  
Andrew Do  
Jamey Federico  
Stephanie Klopfenstein  
Tam T. Nguyen  
Vicente Sarmiento  
Any person with a disability who requires a modification or accommodation in order to participate  
in this meeting should contact the Orange County Transportation Authority (OCTA) Clerk of the  
Board's office at (714) 560-5676, no less than two business days prior to this meeting to enable  
OCTA to make reasonable arrangements to assure accessibility to this meeting.  
Agenda Descriptions  
Agenda descriptions are intended to give members of the public a general summary of items of  
business to be transacted or discussed. The posting of the recommended actions does not  
indicate what action will be taken. The Committee may take any action which it deems to be  
appropriate on the agenda item and is not limited in any way by the notice of the recommended  
action.  
Public Availability of Agenda Materials  
All documents relative to the items referenced in this agenda are available for public inspection at  
www.octa.net or through the Clerk of the Board’s office at the OCTA Headquarters, 600 South  
Main Street, Orange, California.  
Meeting Access and Public Comments on Agenda Items  
Members of the public can either attend in-person or listen to audio live streaming of the Board  
and Committee meetings by clicking this link: https://octa.legistar.com/Calendar.aspx  
In-Person Comment  
Members of the public may attend in-person and address the Board regarding any item within the  
subject matter jurisdiction of the Orange County Transportation Authority. Please complete a  
speaker’s card and submit it to the Clerk of the Board and notify the Clerk regarding the agenda  
item number on which you wish to speak. Speakers will be recognized by the Chair at the time of  
the agenda item is to be considered by the Board. Comments will be limited to three minutes. The  
Brown Act prohibits the Board from either discussing or taking action on any non-agendized  
items.  
Written Comment  
Written public comments may also be submitted by emailing them to ClerkOffice@octa.net, and  
must be sent by 5:00 p.m. the day prior to the meeting. If you wish to comment on a specific  
agenda Item, please identify the Item number in your email. All public comments that are timely  
received will be part of the public record and distributed to the Board. Public comments will be  
made available to the public upon request.  
Call to Order  
Pledge of Allegiance  
Director Nguyen  
Closed Session  
There are no Closed Session items scheduled.  
Special Calendar  
1.  
Investment Management Presentation - Chandler Asset Management  
Robert Davis/Andrew Oftelie  
Overview  
Chandler Asset Management is one of four firms Orange County Transportation Authority  
contracts with to actively manage the Short-term Investment Portfolio. Staff with Chandler  
Asset Management will present an introduction to their firm and provide commentary on the  
market and Orange County Transportation Authority’s portfolio.  
Attachments:  
Presentation  
Consent Calendar (Items 2 through 7)  
All items on the Consent Calendar are to be approved in one motion unless a Committee  
Member or a member of the public requests separate action or discussion on a specific item.  
2.  
Approval of Minutes  
Clerk of the Board  
Recommendation  
Approve the minutes of the February 28, 2024 Finance and Administration Committee  
meeting.  
Attachments:  
Minutes  
3.  
91 Express Lanes Update for the Period Ending - December 31, 2023  
Kirk Avila  
Overview  
The Orange County Transportation Authority has owned and managed the operations of  
the 91 Express Lanes since January 2003. Since then, traffic volumes and toll revenues  
have fluctuated with the changes in the economy and the added capacity to the State  
Route 91 corridor. Over the last quarter, approximately 5.2 million trips were taken on the  
91 Express Lanes in Orange County. This report focuses on the operational and financial  
activities for the period ending December 31, 2023.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
4.  
Orange County Transportation Authority Investment and Debt Programs Report -  
January 2024  
Robert Davis/Andrew Oftelie  
Overview  
The Orange County Transportation Authority has a comprehensive investment and debt  
program to fund its immediate and long-term cash flow demands. Each month, the  
Treasurer submits a report detailing investment allocation, performance, compliance,  
outstanding debt balances, and credit ratings for the Orange County Transportation  
Authority’s debt program. This report is for the month ending January 31, 2024. The report  
has been reviewed and is consistent with the investment practices contained in the  
investment policy.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
5.  
Second Quarter Fiscal Year 2023-24 Procurement Status Report  
Pia Veesapen/Andrew Oftelie  
Overview  
The second quarter procurement status report summarizes the procurement activities for  
information purposes to the Orange County Transportation Authority Board of Directors.  
This report focuses on procurement activity from October 1, 2023 through December 31,  
2023, that was approved by the Board of Directors during this period. The second quarter  
procurement status report also projects future procurement activity for the third quarter as  
identified in the fiscal year 2023-24 budget.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
Attachment E  
Attachment F  
Attachment G  
6.  
Approval  
of  
Local  
Transportation  
Fund  
Fiscal  
Year  
2024-25 Apportionment  
Estimates Amendment  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transportation Authority, as the transportation planning agency and  
county transportation commission for Orange County, is responsible for developing  
estimates used in apportioning revenues earned and deposited in the Orange County  
Local Transportation Fund. Transportation Development Act regulations require that the  
apportionments for fiscal year 2024-25 be determined, and prospective claimants be  
advised of the amounts. On February 26, 2024, the Orange County Transportation  
Authority Board of Directors approved the fiscal year 2024-25 Local Transportation Fund  
apportionment amounts. An amendment to these apportionment amounts is presented for  
approval.  
Recommendation  
Approve the amendment to the Local Transportation Fund fiscal year 2024-25  
apportionment estimates.  
Attachments:  
Staff Report  
7.  
Local Transportation Fund Claims for Fiscal Year 2024-25  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transit District is eligible to receive funding from the Local  
Transportation Fund for providing public transportation services throughout Orange County.  
To receive these funds, the Orange County Transit District, as the public transit and  
community transit services operator, must file claims with the Orange County  
Transportation Authority, the transportation planning agency for Orange County.  
Recommendation  
Adopt Orange County Transit District Resolution No. 2024-008 authorizing the filing of  
Local Transportation Fund claims, in the estimated amounts of $212,667,523 to support  
public transportation and $11,273,686 for community transit services.  
Attachments:  
Staff Report  
Attachment A  
Regular Calendar  
8.  
Agreement for Oversight of Orange County Transportation Authority Express  
Lanes Roadside Services  
Kirk Avila  
Overview  
On December 11, 2023, The Orange County Transportation Authority released a request  
for proposals for a firm to provide oversight of the Orange County Transportation  
Authority’s 91 Express Lanes and 405 Express Lanes in Orange County. Proposals were  
received in accordance with the Orange County Transportation Authority’s procurement  
procedures for professional and technical services. Board of Directors’ approval is  
requested to execute an agreement for these services.  
Recommendations  
A.  
Approve the selection of California Highway Products as the firm to provide  
oversight of Orange County Transportation Authority Express Lanes roadside  
services.  
B.  
Authorize the Chief Executive Officer to negotiate and execute Agreement No. C-3-  
3010 between the Orange County Transportation Authority and California Highway  
Products to provide oversight of Orange County Transportation Authority roadside  
services, in the amount of $3,381,978, for a five-year term, effective April 1, 2024,  
through March 31, 2029.  
Attachments:  
Staff Report  
Discussion Items  
9.  
Public Comments  
10.  
11.  
12.  
Chief Executive Officer's Report  
Committee Members' Reports  
Adjournment  
The next regularly scheduled meeting of this Committee will be held:  
10:30 a.m. on Wednesday, March 27, 2024  
OCTA Headquarters  
Board Room  
550 South Main Street  
Orange, California