iF Greater Vancouver Regional District aq WEST TENTH AVENUE VANCOUVER. BRITISH COLUMBIA Vé6K 2H9 TELEPHONE 731-1155 9 November 1984 To: Chairman and Members GVRO Executive Committee From: Sub-Committee on Transit Management and Financing : 5 Re: Implications of Transit Management and Financing Arrangements Poe pe for GVRD Member Municipalities EE? INTRODUCTION At its meeting on 26 September 1984, the GYRO Board of Directors asked the Executive Committee to review and update the Board's policy on transit so that representations could be made to the provincial government and the newly-appointed Chairman of the Metro Transit Operating Company. On 17 October 1984 the Executive Committee appointed a sub-committee to update and put into perspective the a co current situation with regard to transit and repert back. i s ne The framework for the policy which the Board had on transit yp ; organization is to be found in the motions passed at its meeting of 24 ro fe | March 1982 (Appendix A) and the report upon which they were based (*A Review of Organization Requirements for Transit in the Lower Mainland"). These were prepared when the GYRD Board had transit planning and financing as a regional function. he transit function was removed from the GVRD in 1983, the Board's interest jin the matter is altered. In fact, the Board has no official interest in transit. Its interest is : based entirely on the defined interests of its member municipalities ‘ which have a significant financial exposure in the current : arrangements, representation on the regional transit commission and a great many operational linkages with the transit system. : In the light of the fact that t PF tg UEC LENE SE NP TERE a see eoe as a euanaer ner ie ER