AC TRANSIT FINANCING CORPORATION BOARD OF DIRECTORS
MINUTES Special Meeting of the Financing Corporation Board of Directors ACTransit General Offices 2ndFloor Board Room 1600 Franklin Street Oakland, CA 94612 Wednesday, May 25, 2016 at 6:30 p.m. IOr immediately following the 5:00 p.m. AC Transit Board of Directors Meeting) MEMBERS OF THE BOARD OF DIRECTORS
H. E. CHRISTIANPEEPLES, CHAIR ELSAORTIZ,VICECHAIR GREG HARPER, DIRECTOR JOE WALLACE, DIRECTOR MARK WILLIAMS, DIRECTOR JEFF DAVIS, DIRECTOR JOEL YOUNG, DIRECTOR
Teleconference: Director Jeff Davis, Ward 5 8 Shaw Court Redwood City, California OFFICERS
MICHAEL A. HURSH, CORPORATION CHIEF EXECUTIVE OFFICER DENISE C. STANDRIDGE, CORPORATION LEGAL COUNSEL LINDA A. NEMEROFF, CORPORATION SECRETARY CLAUDIA ALLEN, CORPORATION CHIEF FINANCIAL OFFICER
ACTransitFinanang Corporation
May 25, 2016
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SPECIAL FINANCING CORPORATION BOARD OF DIRECTORSMEETING
H. E. Christian Peeples, Chair Wednesday, May 25, 2016 at 6:30 p.m. (Or immediatglyfollowing
ACTION
SUMMARY
the AC Transit Board of Directors Meeting)
The AC Transit Financing Corporation Board of Directors held a special meeting on Wednesday, May 25, 2016.
Prior to the start of the meeting, Corporation LegalCounsel Denise
Standridgeconfirmedthat all requirements of the RalphM. Brown Act (Govt. CodeSections54950,et seq.)were met in order for Director Davisto participate in the meeting and advised that all votes
must be taken by roll call vote. /Hn al#fdav/tverify/ng that the teleconference location was accessible to persons with disabilities and that the agenda was posted at the teleconference location at least 72 hours prior to the meeting is attached as Exhibit A.]
The meeting was called to order at 7:45 p.m. by Chair Peeples.
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ROLL CALL
Corporation Board Members Present: Directors Wallace, Harper, Ortiz, Williams, Davis,Young and Chair Peeples 2.
PUBLICCOMMENT There was no public comment offered
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CONSENT CALENDAR
APPROVED
MOTION: WILLIAMS/WALLACEto approve the Consent Calendar as indicated. The motion carried by the following vote: AYES:7:Williams, Wallace, Harper, Ortiz, Davis, Young, Peeples
3A.I Considerapproving the minutes of the February 24, 2016 Financing Corporation Board of Directors meeting. 4.
REGULAR CALENDAR
4A. I Consider receiving the Third Quarter Financial Statements for the AC
RECEIVED
Transit FinancingCorporation for the nine months ended March 31, 2016 (Report 16-132). There was no presentation of the staff report MOTION: WALLACE/WILLIAMS to receive the Third Quarter Financial Statements for the AC Transit Financing Corporation for the nine months ended March 31, 2016. The motion carried by the following vote
ACTransitFinancingCorporation
May25, 2016
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AYES:7:Wallace, Williams, Harper, Ortiz, Davis, Young, Peeples 5
ADJOURNMENT
There being no further businessto come before the AC Transit Financing Corporation, the meeting adjourned at 7:46 p.m.
Respectfullysubmitted,
LindaA. Nemeroff, Cori:im'anon Secretary
ACTransit financi ng Corporation
May 2S, 2016
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