Item 12: Consider Establishing a 6-Month Path and Process to Develop Recommendations on Amendments to Caltrain’s Governing Agreements

Director Walton - Proposed Motion

The Board continues discussing Item 12.

Amended motion passes.

Item 13: Amend and Increase the Fiscal Year 2026 Capital Budget from $92,641,608 to $102,641,608

Item 14: Receive Update on Fiscal Year 2026-2027 Budget Approach