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CTA board approves leases and 10-contract omnibus; approves $3.5 million settlement
Summary
The Chicago Transit Authority Board approved three retail concession ordinances (placed on the omnibus), ten contracts bundled onto an omnibus, accepted the finance report and approved a $3.5 million settlement in a pending lawsuit. Votes were unanimous on recorded roll calls.
The Chicago Transit Authority Board on March 12 approved three ordinances authorizing retail-concession leases and placed 10 contract awards on an omnibus recommendation to the full board, which the board then approved in a separate roll-call vote. The board also approved a $3,500,000 settlement in litigation and a board appointment for the CTA retirement-plan trustees.
CTA finance director Tom McComb reported January financial results at the board’s finance-audit-and-budget committee earlier that morning, saying fare and pass revenue for January came in “slightly better than budget and about a million dollars better than last year,” and that total operating results started the year “positive to budget.” McComb said public funding for the month was $4,300,000 better than projections and that aggregate results for 2024 were about $15,000,000 favorable to budget as collections are finalized.
The three ordinances under the finance committee were leases for retail concession space at Orange and Blue Line stations: a lease to Donut…
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