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 NEW JERSEY TRANSIT CORPORATION

NJ TRANSIT BUS OPERATIONS, INC.

NJ TRANSIT RAIL OPERATIONS, INC.

NJ TRANSIT MERCER, INC.

NJ TRANSIT MORRIS, INC.

RE-SCHEDULED BOARD OF DIRECTORS’ MEETINGS

 

MAY 13, 2015 

FINAL AGENDA

 

Ø SAFETY MESSAGE

 

Ø CALL TO ORDER

 

Ø APPROVAL OF MINUTES OF PREVIOUS MEETINGS

 

Ø PUBLIC COMMENTS ON AGENDA ITEMS AND OTHER MATTERS

 

Ø BOARD MEMBER COMMENTS

 

Ø ADVISORY COMMITTEE REPORT

 

Ø SENIOR CITIZEN AND DISABLED RESIDENT TRANSPORTATION ADVISORY COMMITTEE REPORT (NEXT REPORT JUNE 2015)  

 

Ø BOARD COMMITTEE REPORTS

Customer Service Committee

Administration Committee

Capital Planning, Policy and Privatization Committee

 

Ø EXECUTIVE DIRECTOR’S MONTHLY REPORT

 

ACTION ITEMS

 

 

1505-10

SUPERSTORM SANDY RECOVERY AND RESILIENCE PROGRAM – REBUILD BY DESIGN: AMENDMENT TO 2012 TASK ORDER CONSULTANT CONTRACTS PROGRAM

Authorization to increase the total authorization amount for the 2012 Capital Planning and Programs Task Order Consultant Contracts Program with Dewberry Engineers, Inc. (NJ TRANSIT Contract No. 13-002D) by $8,600,000, for a maximum authorization amount for the 2012 Task Order Consultant Contracts Program (Superstorm Sandy Disaster Recovery and Resilience Program) of $78,290,000, subject to the availability of funds. The maximum task order and contract limits for the contracts previously approved for the 2012 Task Order Consultant Contracts Program will not apply to tasks related to the Superstorm Sandy Disaster Recovery and Resilience Program.

Authorization to amend NJ TRANSIT Contract No. 13-002D for this task only to ensure compliance with CDBG-DR requirements imposed by HUD. A Notice to Proceed is contingent on NJ TRANSIT’s execution of a memorandum of agreement with NJDEP regarding the use of CDBG-DR funds.  

 

 

 

1505-11

      

WALDWICK – SALE OF VACANT EXCESS PROPERTY TO FACILITATE TRANSIT-ORIENTED DEVELOPMENT

Authorization to take all actions necessary to sell in fee for not less than $480,000, an excess, vacant parcel consisting of 20,678 square feet (0.475 acre) of land situated at Milepost 23.4 on NJ TRANSIT's Main Line, within a portion of Tax Block 117, Lot 1 in the Borough of Waldwick, Bergen County, to D&R Waldwick, LLC, of Carlstadt, New Jersey, the sole respondent to NJ TRANSIT's request for competitive bids for the property, on condition that D&R Waldwick assume all environmental costs and liabilities, adhere to NJ TRANSIT's requirements for working within the vicinity of the right of way; agree to a notice in the deed of sale that will run with the land and will place all future users of the property on notice of the adjacent railroad use; and will restrict use of the property solely to transit-oriented development for 30 years, subject to reversion to

NJ TRANSIT in the event of violation of this restriction.

 

 

1505-12

APPROVAL OF REVOLVING CREDIT AGREEMENT AND ISSUANCE OF GRANT ANTICIPATION NOTE, SERIES 2015

Authorization for NJ TRANSIT to adopt the Resolution (i) approving the Line of Credit, (ii) authorizing the execution and delivery of the Agreement and the issuance and delivery to RBC of the Series 2015 Note to evidence and secure NJ TRANSIT’s repayment obligations for the revolving loans to be made to it by RBC under the Agreement, (iii) approving the selection of RBC as the bank to provide the revolving line of credit to NJ TRANSIT pursuant to the Agreement, (iv) authorizing the Chairman, the Executive Director, the Chief Financial Officer and Treasurer, the Secretary or their designees to take all actions necessary to consummate the execution and delivery of the Agreement and the issuance of the 2015 Note, including, but not limited to, the negotiation and execution of all documents, payment of the principal of and interest on the 2015 Note, payment of bank fees and all fees related to the establishment of the Agreement, including reasonable legal fees, and approving the parameters for the issuance of the 2015 Note and the establishment of the Agreement as set forth in the attached Resolution.

 

  

Ø EXECUTIVE SESSION AUTHORIZATION:  Discuss  personnel matters, contract negotiations, the status  of pending and anticipated litigation and  matters falling within  the  attorney-client privilege.

 

Ø ADJOURNMENT

 

 

 

 

To view the detailed version of this Board Agenda, click here