pdf Transcript Request for Independent Audit of North Metro Rail Line Ops/Maintenance Popular

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NMRL-transcript-Jan15-2019-highlightedbyMenten.pdf

Transcript from RTD Financial Administration and Audit Committee Recommended Action to procure an independent audit of operation and maintenance of the North Metro Rail Line. Bias was present from both parties. Large cost differences were present. RTD projections have historically been misrepresented on large capital projects e.g. FasTracks sold to voters at $4.7 billion (inflated) and currently at $5.6 billion. The northwest rail isn't budgeted for completion until 2044, and unknown ETA for the SW Extension, Central Extension, and North Metro past 124th. Total cost unknown. Factors such as generated the request for an independent audit to remove bias and present a like-to-like comparison. The vote to proceed with an audit failed on an 11-3 vote. Menten, Mihalik, and Folska voting for an independent audit.