Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Omnibus topic
No spam. Unsubscribe anytime.
CTA board approves omnibus of five ordinances and 12 contracts, including lease extension and insurance renewals
Summary
At its Oct. 8 meeting the CTA board placed five ordinances and 12 contracts on an omnibus and approved them by roll call. Items included a five‑year lease extension with Saigon Sisters LLC, a permanent easement to Chicago Department of Water Management for the Red Line Extension, a blanket railroad protective insurance renewal, a cyber insurance renewal, and a package of 12 contracts for operations, infrastructure and administration.
The Chicago Transit Authority board approved an omnibus Oct. 8 that contained five ordinances and 12 contracts reviewed earlier by the Finance, Audit and Budget Committee.
Key items placed on the omnibus and approved by roll call: a third amendment to the lease with Saigon Sisters LLC for 1,860 square feet at 567 West Lake Street extending the lease five years (staff said all existing terms remain unchanged); a permanent easement to the Chicago Department of Water Management to relocate an 8‑inch water main and hydrants as part of the Red Line Extension (staff said there is no cost to CTA and the easement will merge with the city's interest upon dedication); renewal of CTA's blanket railroad protective liability insurance (policy provides $2 million per occurrence, $6 million project aggregate, $25 million policy aggregate; staff requested a not‑to‑exceed premium of $950,000 based on projected construction activity); renewal of cyber insurance with AmTrust (staff described a $5 million policy with a $1 million deductible and called the premium a flat‑rate renewal); and a package of 12 contract awards across transit operations, infrastructure and administration.
Board members recorded roll‑call votes for omnibus approval; all omnibus items were approved. Several items had no questions from the board during presentation, and staff said they would return with additional details as needed (for example, insurance premium invoices and construction forecasts).
