Orange County Transportation Authority  
Board Agenda  
Monday, February 13, 2023 at 9:00 a.m.  
550 South Main Street, Orange, California  
Board Members  
Gene Hernandez, Chairman  
Tam Nguyen, Vice Chairman  
Doug Chaffee  
Jose Diaz  
Andrew Do  
Jon Dumitru  
Jamey Federico  
Katrina Foley  
Brian Goodell  
Patrick Harper  
Michael Hennessey  
Steve Jones  
Fred Jung  
Farrah N. Khan  
Jessie Lopez  
Vicente Sarmiento  
Donald P. Wagner  
Ryan Chamberlain, Ex-Officio  
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 below link: https://octa.legistar.com/Calendar.aspx  
Members of the public may address the Board of Directors regarding any item two ways:  
In-Person Comment  
Members of the public may attend in-person and address the Board regarding any item. Please  
complete a speaker’s card and submit it to the Clerk of the Board (or notify the Clerk of the Board  
the item number on which you wish to speak). Speakers will be recognized by the Chairman at the  
time the agenda item is to be considered. A speaker’s comments shall be limited to three  
minutes.  
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  
Invocation  
Director Hennessey  
Pledge of Allegiance  
Director Do  
Special Calendar  
Orange County Transportation Authority Special Calendar Matters  
1.  
Update on Emergency Railroad Track Stabilization in the Vicinity of Milepost 206.8  
on the Orange Subdivision  
Jason Lee/James G. Beil  
Overview  
A
hillside adjacent to the Orange County Transportation Authority-owned railroad  
right-of-way, in the vicinity of Mile Post 206.8 on the Orange Subdivision, has failed and  
continues to incrementally move, pushing the railroad tracks toward the Pacific Ocean.  
Measures are being taken to stabilize the landslide to restore and maintain passenger and  
freight rail service. Staff will provide an update on efforts to stabilize the railroad tracks.  
Recommendation  
Reaffirm Resolution No. 2022-075 authorizing the Chief Executive Officer to take all  
necessary actions to address the emergency need for railroad track stabilization in the  
vicinity of Mile Post 206.8 on the Orange Subdivision, and to return to the Board of  
Directors, as required, to report on the status thereof.  
Attachments:  
Placeholder  
2.  
Presentation of Resolutions of Appreciation to Employees of the Year for 2022  
Overview  
Present Orange County Transportation Authority Resolutions of Appreciation Nos.  
2023-008, 2023-009, and 2023-010 to Ignacio Cuica, Coach Operator, Gilberto Anaya,  
Maintenance; and Ross Lew, Administration, as Employees of the Year for 2022.  
Consent Calendar (Items 3 through 23)  
All matters on the Consent Calendar are to be approved in one motion unless a Board Member or  
a member of the public requests separate action on a specific item.  
Orange County Transportation Authority Consent Calendar Matters  
3.  
Approval of Minutes  
Recommendation  
Approve the minutes of the January 23, 2023 Orange County Transportation Authority and  
affiliated agencies' regular meeting.  
Attachments:  
Minutes  
4.  
Fiscal Year 2022-23 Internal Audit Plan, Second Quarter Update  
Janet Sutter  
Overview  
The Orange County Transportation Authority Board of Directors adopted the Orange  
County Transportation Authority Internal Audit Department Fiscal Year 2022-23 Internal  
Audit Plan on July 25, 2022. This report provides an update of activities for the second  
quarter of the fiscal year.  
Recommendation  
Receive and file the second quarter update to the Orange County Transportation Authority  
Internal Audit Department Fiscal Year 2022-23 Internal Audit Plan as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
5.  
Fiscal Year 2021-22 Single Audit and Agreed-Upon Procedures Reports  
Janet Sutter  
Overview  
The Orange County Transportation Authority is required to obtain an independent auditor’s  
opinion on its compliance with requirements of major federal programs. Crowe LLP, an  
independent accounting firm, has issued the required Single Audit Report with its opinion  
on the Orange County Transportation Authority’s compliance with major federal programs.  
In addition, reports have been issued on the results of agreed-upon procedures applied by  
Crowe LLP, to assist management in determining compliance with certain state, federal,  
and local requirements.  
Recommendations  
A.  
Receive and file the fiscal year 2021-22 Single Audit and agreed-upon procedures  
reports, and management responses (as applicable) as information items.  
B.  
Direct staff to implement two auditor recommendations related to excess transfers  
of State Transit Assistance funds to the Orange County Transit District and  
complete preparation of the Schedule of Expenditures of Federal Awards.  
C.  
Direct staff to implement management responses to auditor findings in the  
application of agrees-upon procedures related to the National Transit Database  
report, the Treasury Department, and the Measure M2 Status report.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
Attachment E  
Attachment F  
6.  
Administrative  
Employee  
Mandatory  
Training  
and  
Employee  
Educational  
Reimbursements, Internal Audit Report No. 23-503  
Jonathan Thompson/Janet Sutter  
Overview  
The Internal Audit Department of the Orange County Transportation Authority has  
completed an audit of administrative employee mandatory training and employee  
educational reimbursements. Based on the audit, controls over administrative employee  
mandatory training and administration of educational reimbursements should be improved.  
The Internal Audit Department offered two recommendations to address overpayments of  
educational reimbursements to improve controls.  
Recommendation  
Direct staff to implement two recommendations provided in Administrative Employee  
Mandatory Training and Employee Educational Reimbursements, Internal Audit Report No.  
23-503.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
7.  
Adopt  
Resolution  
2023-004 Designating  
the  
Orange  
County  
Transportation  
Authority’s Applicant for Federal and State Disaster Assistance  
Matt Ankley/Jennifer L. Bergener  
Overview  
In order to receive state and federal disaster funds from the California Governor’s Office of  
Emergency Services and the Federal Emergency Management Agency, the Orange  
County Transportation Authority is required to adopt a “Designation of Applicant’s Agent  
Resolution.” The designated agent(s) are authorized to apply and submit for financial  
assistance following a declared disaster.  
Recommendation  
Adopt Resolution No. 2023-004 designating the Chief Executive Officer and Deputy Chief  
Executive Officer as Orange County Transportation Authority’s agents for executing  
applications for federal and/or state disaster assistance on behalf of the Orange County  
Transportation Authority.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
8.  
Amendment to Agreement for Information Technology Technical Staffing  
Eden Wang/Andrew Oftelie  
Overview  
On January 22, 2018, the Orange County Transportation Authority Board of Directors  
approved an agreement with Intratek Computer, Inc., to provide contract staffing services  
for Information Technology technical positions for a five-year term. An amendment is  
required to increase the maximum cumulative payment obligation to continue services.  
Recommendation  
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 4 to  
Agreement No. C-7-1949 between the Orange County Transportation Authority and  
Intratek Computer, Inc., in the amount of $1,606,723, to continue providing contract staffing  
services for Information Technology technical positions through June 30, 2023. This will  
increase the maximum cumulative obligation of the agreement to a total contract value of  
$14,366,775.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
9.  
Orange County Transportation Authority Investment and Debt Programs Report -  
November 2022  
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 November 30, 2022.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
10.  
Fiscal Year 2022-23 First Quarter Budget Status Report  
Anthony Baruch/Andrew Oftelie  
Overview  
Orange County Transportation Authority staff has implemented the fiscal year 2022-23  
budget. This report summarizes the material variances between the budget and actual  
revenues and expenses through the first quarter of fiscal year 2022-23.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
11.  
Agreement for System Manager and Business Analyst Support Services  
Victor Velasquez/Andrew Oftelie  
Overview  
Consultant services are needed to support the various financial systems used by the  
Financial Planning and Analysis Department of the Orange County Transportation  
Authority. Proposals have been received and evaluated in accordance with the Orange  
County Transportation Authority’s procurement procedures for professional and technical  
services. Approval is requested to execute a new agreement for system manager and  
business analyst support services.  
Recommendations  
A.  
Approve the selection of Carpe Datum as the firm to provide system manager and  
business analyst support services.  
B.  
Authorize the Chief Executive Officer to negotiate and execute Agreement No. C-2-  
2575 between the Orange County Transportation Authority and Carpe Datum in the  
amount of $591,600, for a two-year initial term from April 1, 2023 through March 31,  
2025 with three, one-year option terms, to provide system manager and business  
analyst support services.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
12.  
Capital Programming Update - Federal Transit Administration Savings  
Ben Ku/Kia Mortazavi  
Overview  
The Orange County Transportation Authority uses federal, state, and local funding sources  
to implement planning efforts, construct capital projects, and deliver transit service. Project  
costs can vary from the original programmed amount due to changing circumstances,  
which may require revisions to the project funding. Board of Directors’ authorization is  
requested to provide funding for the Tactile Tile Replacement Project at Metrolink station  
platforms and the Laguna Niguel-Mission Viejo Station Parking Improvements and  
Expansion Project as described herein.  
Recommendations  
A.  
Authorize the use of $264,702 in Federal Transit Administration Section 5337 State  
of Good Repair funds for the Tactile Tile Project at Metrolink station platforms from  
savings on the Fullerton Transportation Center Stair Rehabilitation Project.  
B.  
Authorize the use of $403,519 in Congestion Mitigation and Air Quality  
Improvement funds for the Laguna Niguel-Mission Viejo Station Parking  
Improvements and Expansion (Americans with Disabilities Act ramps) project from  
savings on the Laguna Niguel Passing Siding Project.  
C.  
Authorize staff to process all necessary amendments to the Federal Transportation  
Improvement Program and execute or amend all necessary agreements to facilitate  
the above actions.  
Attachments:  
Early Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Orange County Transit District Consent Calendar Matters  
13.  
Approval  
to  
Release  
Request  
for  
Proposals  
for  
the  
Development  
and  
Implementation of a Rider Validation System  
Sam Kaur/Andrew Oftelie  
Overview  
The Orange County Transportation Authority has developed a request for proposals to  
initiate a competitive procurement process to select a firm for the development and  
implementation of a new rider validation system for the Orange County Transportation  
Authority fixed-route bus system.  
Recommendations  
A.  
Approve the release of Request for Proposals 2-2980 to select a firm for the  
development and implementation of a new rider validation system for the Orange  
County Transportation Authority fixed-route bus system for a five-year initial term  
with one, five-year option term.  
B.  
Approve the proposed evaluation criteria and weightings for Request for Proposals  
2-2980 for the development, installation, and implementation of a new rider  
validation system for the fixed-route bus system.  
Attachments:  
Staff Report  
Attachment A  
14.  
Agreement  
for  
Compressed  
Natural  
Gas  
Fueling  
Facility  
Operations  
and  
Maintenance  
Dayle Withers/Johnny Dunning, Jr.  
Overview  
On October 26, 2022, the Orange County Transportation Authority issued a request for  
proposals for the operations and maintenance of the compressed natural gas fueling  
facility located at the Irvine Sand Canyon Bus Base. Proposals were received in  
accordance with the Orange County Transportation Authority procurement procedures for  
professional and technical services. Staff is requesting Board of Directors’ approval to  
award an agreement for these services.  
Recommendations  
A.  
Approve the selection of Trillium USA Company, LLC, doing business as Trillium,  
as the firm to provide compressed natural gas fueling facilities operations and  
maintenance.  
B.  
Authorize the Chief Executive Officer to negotiate and execute Agreement No. C-2-  
2898 between the Orange County Transportation Authority and Trillium USA  
Company, LLC, doing business as Trillium, in the amount of $471,600, to provide  
compressed natural gas fueling facility operations and maintenance for a three-year  
initial term from March 1, 2023 through February 28, 2026 with one, two-year option  
term.  
Attachments:  
Early Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
15.  
Amendment to Agreement for Preparation of Plans, Specifications, and Estimates  
for Transit Security and Operations Center  
George Olivo/James G. Beil  
Overview  
On November 25, 2019, the Orange County Transportation Authority Board of Directors  
approved an agreement with Stantec Architecture, Inc., for preparation of plans,  
specifications, and estimates for the Transit Security and Operations Center project. An  
amendment to the agreement is necessary for additional design services.  
Recommendation  
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 7 to  
Agreement No. C-9-0965 between the Orange County Transportation Authority and  
Stantec Architecture, Inc., in the amount of $556,702, for additional design services for the  
Transit Security and Operations Center project. This will increase the maximum obligation  
of the agreement to a total contract value of $5,144,903.  
Attachments:  
Early Transmittal  
Staff Report  
Attachment A  
16.  
Amendments to Agreements for Towing Services  
Cliff Thorne/Johnny Dunning, Jr.  
Overview  
On April 1, 2020, the Orange County Transportation Authority entered into agreements  
with P & H Enterprises, Inc., doing business as Anaheim Fullerton Towing, and Aliso  
Viejo Towing and Recovery, Inc., to provide bus towing services. Staff is requesting  
Board of Directors’ approval to extend both agreements for two months, from April 1,  
2023, through May 31, 2023.  
Recommendations  
A.  
Authorize the Chief Executive Officer to negotiate and execute Amendment No.  
1 to Agreement No. C-9-1757 between the Orange County Transportation  
Authority and P & H Enterprises, Inc., doing business as Anaheim Fullerton  
Towing, in the amount of $65,000, to extend bus towing services from April 1,  
2023 through May 31, 2023.  
Amending this agreement will increase the  
aggregate maximum payment obligation of the agreement to a total contract  
value of $305,000.  
B.  
Authorize the Chief Executive Officer to negotiate and execute Amendment No.  
1 to Agreement No. C-0-2175 with Aliso Viejo Towing and Recovery, Inc., in the  
amount of $65,000, to extend bus towing services from April 1, 2023 through  
May 31, 2023. Amending this agreement will increase the aggregate maximum  
payment obligation of the agreement to a total contract value of $305,000.  
Attachments:  
Early Transmittal  
Staff Report  
Attachment A  
Attachment B  
Orange  
Matters  
County  
Local  
Transportation  
Authority  
Consent  
Calendar  
17.  
Second Quarter Fiscal Year 2022-23 Capital Action Plan Performance Metrics  
James G. Beil  
Overview  
Staff has prepared a quarterly progress report on capital project delivery for the period of  
September 2022 through December 2022, for review by the Orange County Transportation  
Authority Board of Directors. This report highlights the Capital Action Plan for project  
delivery, which is used as a performance metric to assess delivery progress on highway,  
transit, and rail projects.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
18.  
Contract Change Order for the Interstate 405 Improvement Project from State  
Route 73 to Interstate 605  
Jeff Mills/James G. Beil  
Overview  
On November 14, 2016, the Orange County Transportation Authority Board of Directors  
approved Agreement No. C-5-3843 with OC 405 Partners, a joint venture, for the design  
and construction of the Interstate 405 Improvement Project from State Route 73 to  
Interstate 605. A contract change order is needed at this time to compensate OC 405  
Partners for the removal of existing overlapping soundwalls.  
Recommendation  
Authorize the Chief Executive Officer to negotiate and execute Contract Change Order No.  
145 to Agreement No. C-5-3843 between the Orange County Transportation Authority and  
OC 405 Partners, a joint venture, in the amount of $278,249, to remove existing  
overlapping soundwalls for the Interstate 405 Improvement Project from State Route 73 to  
Interstate 605.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
19.  
Consultant Selection for 91 Express Lanes Pavement Management Services  
Josue Vaglienty/James G. Beil  
Overview  
On September 29, 2022, the Orange County Transportation Authority released a request  
for proposals for pavement management services, including analysis of the existing  
pavement conditions and development of  
a
pavement management report with  
recommendations for pavement preservation on the 91 Express Lanes. Proposals were  
received and evaluated 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 Infrastructure Management Services, LP, as the firm to  
provide pavement management services on the 91 Express Lanes.  
B.  
Authorize the Chief Executive Officer to negotiate and execute Agreement No. C-2-  
2704 between the Orange County Transportation Authority and Infrastructure  
Management Services, LP, in the amount of $349,950, for a five-year term to  
provide pavement management services for the 91 Express Lanes.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
20.  
Amendment  
to  
Cooperative  
Agreement  
with  
the  
California  
Department  
of  
Transportation for the Interstate 5 Improvement Project from Oso Parkway to  
Alicia Parkway  
Niall Barrett/James G. Beil  
Overview  
On February 12, 2018, the Orange County Transportation Authority Board of Directors  
approved a cooperative agreement between the Orange County Transportation Authority  
and the California Department of Transportation to provide construction capital and  
construction support services for the Interstate 5 Improvement Project from Oso Parkway to  
Alicia Parkway as part of the Interstate 5 Improvement Project between State Route 73  
and El Toro Road. Board of Directors’ approval is requested to amend the cooperative  
agreement for additional funding for construction capital and construction support services.  
Recommendations  
A.  
Authorize the Chief Executive Officer to negotiate and execute Amendment No. 4 to  
Cooperative Agreement No. C-8-1426 between the Orange County Transportation  
Authority and the California Department of Transportation, in the amount of  
$23,660,000, for additional construction capital and construction support services  
for the Interstate 5 Improvement Project from Oso Parkway to Alicia Parkway. This  
will increase the maximum cumulative obligation of the cooperative agreement to a  
total contract value of $196,456,000.  
B.  
C.  
Authorize the use of up to $23,660,000 in Measure M2 funds for the construction  
phase of the Interstate 5 Improvement Project from Oso Parkway to Alicia Parkway.  
Authorize staff to process all necessary amendments to the Federal Transportation  
Improvement Program and execute or amend all necessary agreements to facilitate  
the above actions.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
21.  
Measure  
M2 Environmental  
Mitigation  
Program  
Southern  
California  
Edison  
Coordination Update  
Lesley Hill/Kia Mortazavi  
Overview  
Measure M2 includes  
a
program to deliver comprehensive mitigation for biological  
impacts of 13 freeway projects in exchange for streamlined project approvals from state  
and federal resource agencies. Through the Environmental Mitigation Program, the  
Orange County Transportation Authority has acquired conservation properties and  
provided habitat restoration projects funding as part of the Natural Community  
Conservation Plan/Habitat Conservation Plan. This report provides an update on  
coordination efforts with Southern California Edison related to the Orange County  
Transportation Authority’s conservation properties.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
22.  
Measure M2 Environmental Cleanup Program (Project X)  
Program Call for Projects  
-
Tier 1 2023 Grant  
Adrian Salazar/Kia Mortazavi  
Overview  
The Measure M2 Environmental Cleanup Program (Project X) provides competitive grants  
to local jurisdiction for projects that protect Orange County waterways and beaches from  
roadway runoff. Updated program guidelines for the 2023 call for projects are presented  
for review and approval. With approval, staff will issue the call for projects and return with  
project funding recommendations in summer 2023.  
Recommendations  
A.  
Approve the proposed revisions to the Comprehensive Transportation Funding  
Programs guidelines for the Tier 1 Environmental Cleanup Program.  
B.  
Authorize staff to issue the 2023 Environmental Cleanup Program Tier 1 call for  
projects.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
23.  
Escalation Rate Adjustments Recommendations for Prior Regional Capacity  
Program and Regional Traffic Signal Synchronization Program Allocations  
Charvalen Alacar/Kia Mortazavi  
Overview  
The Orange County Transportation Authority’s Regional Capacity Program and Regional  
Traffic Signal Synchronization Program allocate Measure M2 streets and roads funds for  
roadway and signal improvement projects through a competitive process. Due to recent  
extraordinary inflationary pressures, the Board of Directors authorized staff to accept  
escalation adjustment requests from local jurisdictions for existing project commitments  
that meet certain criteria. Staff has evaluated these requests, and a list of eligible projects  
with recommended one-time escalation adjustments is presented for Board of Directors’  
review and approval.  
Recommendations  
A.  
Approve one-time construction escalation adjustments to four previously approved  
(2020, 2021) Regional Capacity Program projects in the amount of $2,751,877,  
increasing the overall Measure M2 award from $13,905,846 to $16,657,723.  
B.  
Approve one-time construction escalation adjustments to four previously approved  
(2020, 2021) Regional Traffic Signal Synchronization Program projects in the  
amount of $1,599,615, increasing the overall Measure M2 award from $9,377,300  
to $10,976,915.  
C.  
D.  
Approve a one-time right-of-way escalation adjustment to one previously approved  
2018 Regional Capacity Program project in the amount of $1,410,134, increasing  
the overall Measure M2 award from $7,494,000 to $8,904,134.  
Approve a modification to the Temporary Policy to apply escalation to Project O  
Regional Capacity Program and Project P Regional Traffic Signal Synchronization  
Program prior allocation related to right-of-way requirements.  
Attachments:  
Transmittal  
Staff Report  
Attachment A  
Attachment B  
Attachment C  
Attachment D  
Attachment E  
Regular Calendar  
24.  
Interstate 405 Improvement Project Update  
Jeff Mills/James G. Beil  
Overview  
The Orange County Transportation Authority is currently underway with the implementation  
of the Interstate 405 Improvement Project. This report provides a project update.  
Recommendation  
Receive and file as an information item.  
Attachments:  
Transmittal  
Staff Report  
Presentation  
Discussion Items  
25.  
Accelerated  
Transportation  
Infrastructure  
Finance  
and  
Innovation  
Act  
Loan  
Disbursement - Update  
Robert Davis/Andrew Oftelie  
Overview  
The Orange County Transportation Authority has  
a
$628.93 million Transportation  
Infrastructure Finance and Innovation Act Loan with an interest rate of 1.95 percent. The  
Orange County Transportation Authority has utilized Bond Anticipation Notes with an  
interest rate of 0.30 percent in lieu of drawing on the Transportation Infrastructure Finance  
and Innovation Act Loan to reduce financing costs. The significant increase in short-term  
treasury yields provided the opportunity for an additional reduction in financing costs. Staff  
will provide an update on the additional reduction in financing costs reached for the  
Interstate 405 Improvement Project.  
Attachments:  
Presentation  
26.  
Long-Range Transportation Plan Status Update  
Gregory Nord/Kia Mortazavi  
Overview  
Staff to discuss the status of the Long-Range Transportation Plan, an overview of items  
previously presented to the Board of Directors, ongoing public engagement activities, and  
next steps.  
Attachments:  
Presentation  
27.  
28.  
29.  
30.  
Public Comments  
Chief Executive Officer's Report  
Directors’ Reports  
Closed Session  
There are no Closed Sessions scheduled.  
31.  
Adjournment  
The next regularly scheduled meeting of this Board will be held:  
9:00 a.m., on Monday, February 27, 2023  
OCTA Headquarters  
550 South Main Street  
Orange, California