OPEN SESSION FEBRUARY 27, 2025 PAGE 4 OF 7
UPDATE – PROCURMENT REPORT ON OPEN CONTRACTS
Mr. Jeffrey Davis presented the MDTA Board with a report on how many contracts are currently open with the MDTA, excluding state credit card purchases. There are currently 199 contracts totaling $2,330,689,899.53.
APPROVAL – FORMER 1325 G STREET ASSOCIATES LLLP-MC#24-7051
Mr. John Wedemeyer requested MDTA Board approval to place restrictive covenants on a conservation area to remain substantially in its natural condition forever.
Mr. Wedemeyer explained a Covenant area for Wetland 6j containing 7.464 acres, plus or minus, was acquired by MDTA as part of the MD200 Intercounty Connector project.
Mr. Wedemeyer further explained that as compensatory mitigation under Federal and State law for Department of the Army Permit No. CENAB-OP-RMS (MD SHA & MTA/INTERCOUNTY CONNECTOR 05- 6011- 1 (“Permit”) issued by the U.S. Army Corps of Engineers, Baltimore District (“Corps” or “Baltimore District,” to include any successor agency), and certification(s) and/or permit(s) issued by the Maryland Department of the Environment (“MDE,” to include any successor agency), and in recognition of the continuing benefit to the permitted property, and for the protection of waters of the United States and scenic, resource, environmental, and general property values, Declarant has agreed to execute and record this Declaration of Restrictive Covenants (“Declaration”) placing cer tain restrictive covenants on a Conservation Area within the Property, in order that the Conservation Area shall remain substantially in its natural condition forever. Upon motion by Member William H. Cox, Jr. and seconded by Member Mario J. Gangemi, placing restrictive covenants on a conservation area to remain substantially in its natural condition forever was unanimously approved.
UPDATE – ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) REPORT
Ms. Deb Sharpless presented MDTA’s inaugural Environmental, Social, and Governance (ESG) Report to the MDTA Board.
Ms. Sharpless explained that t he MDTA’s ESG Report will serve as an annual disclosure to provide internal and external stakeholders a holistic, enterprise- wide understanding of the agency’s societal and environmental impacts, risks, and opportunities. As financial markets and credit rating agencies are increasing the use of ESG criteria to assess the value and creditworthiness of public agencies, the ESG Report is a critical disclosure to provide a clear and organized picture of social and environmental performance. The report structure and content are tailored to a multi-stakeholder audience and address key focus areas of credit rating agencies. The ESG Report complements the MDTA’s legacy of strong financial health and good governance. Prepared over the course of 2024, the inaugural ESG Report summarizes the agency’s practices and performance across departments.
APPROVAL – QUARTERLY REVIEW OF INVESTMENT STRATEGY AND BENCHMARKS
Mr. Allen Garman requested MDTA Board approval to continue with the current investment strategies and benchmarks for all accounts.
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