TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, Cathy McLay Chief Executive Officer

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1 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, 2015 Cathy McLay Chief Executive Officer 2

2 CEO REPORT Six Priorities for TransLink from Core Services Review: 1. Ensure safety and security 2. Modernize BC Rapid Transit Company 3. Increase ridership 4. Improve the brand 5. Improve customer service and experience 6. Build a performance measurement culture

3 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, 2015 Christine Dacre VP, Financial Services 4

4 Financial & Performance Indicators Update Consolidated Revenue and Expenses Six months ending June 30 ($ thousands) Change Revenue 736, ,961 8,294 Expenses 699, ,819 (1,981) Surplus 36,417 26,142 10,275

5 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, 2015 Fred Cummings VP, Infrastructure Management and Engineering 6

6 Advancing Planning for 3 Major Projects Pattullo Bridge Replacement Surrey Rapid Transit Mayors Council Vision (June 2014) Broadway SkyTrain Extension

7 Major Projects Funding Sources Provincial Funding 1/3 funding committed (subject to provincial fiscal plan & supported by business case) Federal Funding 1/3 funding anticipated 3 potential sources: P3 Canada Fund (Round 7 application submitted) New Building Canada Fund Public Transit Fund Regional/Local Funding 1/3 funding needed

8 Senior Gov t Funding Requirements Project Business Cases Project definition and +/-15% cost estimate Project justification and benefits Procurement options analysis Demonstrated support P3 Canada Fund Round 7 Deadline March 2016

9 Work underway to meet requirements Collaboration with local municipalities Technical studies and design Project benefit and cost estimation (+/-15%) Demand forecasting and benefit quantification Developing environmental assessment and stakeholder engagement approach Financial and procurement options analysis

10 Pattullo Bridge Rehabilitation Detailed design for deck rehab is progressing. Deck rehabilitation construction will start in spring 2016 Replacement TransLink is working with all levels of government on funding a new bridge.

11 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, 2015 Haydn Acheson President & General Manager Coast Mountain Bus Company (CMBC) 12

12 Coast Mountain Bus Company (CMBC) Report Special Events 375 buses, 1,653 service hours The Storm Bus bridge Late Night Bus Service First 24-hour service Bike Patrol Update Transit Security Compass Hand Held Unit (HHU) Environmental Award-winning leadership

13 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 15, 2015 Mike Richard Acting President & General Manager BC Rapid Transit Company (BCRTC) 14

14 BC Rapid Transit Company (BCRTC) Report August 29 Windstorm Compass Vending Machine activation Additional staffing during peak service hours Independent review recommendation Expo Line Power Rail Upgrade substantial completion Expo Line Running Rail Replacement Evergreen testing & commissioning support 15

15 16 TRANSLINK OPEN BOARD MEETING FRIDAY, SEPTEMBER 25, 2015

16 To: From: Board of Directors Tim Savoie, Vice President, Transportation Planning and Policy Date: September 25, 2015 Subject: New Westminster River Market Shuttle Independent Transit Services Application PROPOSED RESOLUTION: That the TransLink Board of Directors: Approve the New Westminster River Market Shuttle as an independent transit service for the period October 1, 2015 to March 31, 2016 under Section 5 of the SCBCTA Act and under the terms and conditions outlined in the report dated September 25, 2015, entitled New Westminster River Market Shuttle - Independent Transit Services Application. PURPOSE The purpose of this report is to summarize management s review of the New Westminster River Market Shuttle. Management recommends that approval to operate as a pilot for the period October 1, 2015 to March 31, 2016 be granted, with conditions (listed in this report), on the basis that the transit service is not expected to negatively impact the financial viability or effectiveness of the regional transportation system. Section 5(1) of the S SCBCTA Act) states that no person or municipality may establish, operate or approve the establishment or operation of an independent transit service (ITS) without the approval of TransLink. TransLink may also establish terms and conditions as it views necessary. TransLink s Independent Transit Service Policy, approved by the Board in December 2012 (attached as Appendix A), provides direction on the process, including a definition of ITS, evaluation criteria, and terms and conditions required for approval. BACKGROUND The River Market has submitted an ITS application to operate a shuttle service between Uptown and Downtown (The River Market) New Westminster from October 1, 2015 to March 31, 2016 as a pilot project. If the pilot project is successful, the River Market plans to continue and expand operation from four to seven days a week, and maintain service frequency and hours of operation. The TransLink Board of Directors approved a similar service proposed by the New Westminster Community Development Society in The service has since been terminated.

17 New Westminster River Market Shuttle Independent Transit Services Application September 25, 2015 Page 2 of 4 The proposed one-way service will start and end at Quayside Drive outside of the Donald s Market at the River Market. The service will operate in a one-way counter-clockwise loop using 6 th Street, 6 th Avenue, 12 th Street, and Quayside Drive. The service will make six other stops along its route. The service will have a frequency of approximately minutes, depending on traffic, and will only operate from 11 am to 4 pm Thursday to Sunday during the pilot period. The service will be funded by the River Market and operated by Universal Coachlines Ltd. The service is intended for travel between Uptown New Westminster and the River Market and will be provided free for passengers. Detailed service characteristics, including route map, stop locations, and frequency, are provided in Appendix B. DISCUSSION Defining Independent Transit Services The ITS policy includes definitional criteria used to determine whether a service should be considered an ITS. The New Westminster River Market Shuttle is considered an independent transit service per the criteria in Section 2 of TransLink s ITS policy. Service Evaluation Under the SCBCTA Act, an identified ITS must be approved by TransLink in order to operate, including any terms and conditions applied. The service evaluation considers the potential impact of the ITS on the financial viability (e.g. increased costs, decreased revenues) and effectiveness (e.g. impact on long-term goals and objectives) of the regional transportation system. The evaluation of the proposed service is summarized in the table below. A more detailed overview of the evaluation undertaken is provided in Appendix C.

18 New Westminster River Market Shuttle Independent Transit Services Application September 25, 2015 Page 3 of 4 Evaluation: New Westminster River Market Shuttle Evaluation Criteria Impact Comments Impact on financial viability of regional transportation system Negligible impact The proposed ITS will provide a limited number of trips and is targeted at a small and specialized travel market. TransLink services in the area are likely to remain more suitable for customers making different kinds of trips. It is expected that the proposed ITS will have a minimal impact on the financial viability of the regional transportation system. Impact on effectiveness of regional transportation system Negligible impact The service provides an alternative to single occupant vehicle use for a small number of trips and will be recognized as a different service than TransLink bus service. Agreement to terms and conditions will help mitigate any impact on TransLink s operations in the area. Terms and conditions The SCBCTA Act allows TransLink to apply terms and conditions to an ITS. Should the Board approve the New Westminster River Market Shuttle to operate, the following standard conditions from TransLink s Independent Transit Service Policy are recommended: TransLink reserves the right to review and/or re-evaluate approved services at any point in the future, and revoke approval if deemed appropriate. No financial support will be provided by TransLink or any of its subsidiaries. Approval to operate as an Independent Transit Services does not constitute approval with respect to any other federal, provincial and local transportation regulations, including safety. TransLink may request changes in service provision (including, but not limited to, changes in route, frequency, stops, operating times, passenger access and/or revenue structure). Approval will only be granted if TransLink and the ITS provider agree to service terms. Approved ITS must notify TransLink of any substantive, planned changes in service provision (including, but not limited to changes in route, frequency, stops, operating times, passenger access and/or revenue structure) at least 60 days in advance of a planned changed.

19 New Westminster River Market Shuttle Independent Transit Services Application September 25, 2015 Page 4 of 4 Each approved ITS must report annually to TransLink to confirm its service plan and report changes. Use of TransLink-owned or operated infrastructure, including transit exchanges or TransLink bus stops, must be negotiated and approved in advance of use by ITS, Use of TransLink or subsidiaries branding, language, or symbols, must be negotiated and approved in advance of use by ITS. Approved ITS may be recognized or communicated by TransLink to improve the effectiveness of the regional transportation system as appropriate, and at TransLink s discretion. TransLink recommends the following additional conditions be applied: Approval is given for operations between October 1, 2015 and March 31, 2016 and for the proposed service design as outlined in this report. The applicant will be required to reapply to TransLink for the continuation of the service beyond March 31, The service provider report monthly ridership figures to TransLink at the end of the approved operating period. The service operator commits to monitoring and minimizing any impacts on TransLinkoperated bus services in the service area, including ability to access stops or operate safely in traffic. That the service provider must notify TransLink of any permanent, substantive planned changes in service provision (not including operational changes such as constructionrelated detours) at least 60 days in advance of the planned changes, and that TransLink must approve those changes prior to implementation. The exact locations of all passenger pick-up and drop-off points are subject to agreement by the City of New Westminster, as required. Alternatives There are two potential alternatives to the recommended resolution. The Board could choose not to approve the New Westminster River Market Shuttle to operate. The Board could also choose to approve the New Westminster River Market Shuttle to operate without conditions, or with other conditions. CONCLUSION Management recommends that the Board approve, with the conditions specified, the operation of the New Westminster River Market Shuttle as an independent transit service for the period October 1, 2015 to March 31, 2016, on the basis that the transit service is not expected to negatively impact the financial viability or effectiveness of the regional transportation system.

20 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page A-1 of A-4 APPENDIX A Independent Transit Service Policy

21 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page A-2 of A-4

24 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page B-1 of B-4 APPENDIX B New Westminster River Market Shuttle Service Characteristics

25 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page B-2 of B-4

28 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page C-1 of C-2 APPENDIX C Detailed Service Evaluation Impact on Financial Viability of the Regional Transportation System TransLink provides service between Uptown and Downtown New Westminster via the 106 and 123. The 106 provides frequent all-day service along 6 th Street while the 123 provides frequent all day service along 8 th Street. Both services (106 and 123) terminate at New Westminster SkyTrain Station, putting customers within walking distance (250m) to the River Market. The C8 provides frequent all day service along Quayside Drive. The service connects the residential area along Quayside Drive with Downtown New Westminster and New Westminster SkyTrain Station. The C8 provides service close to the River Market via a route diversion during weekday midday and all day Saturday and Sundays. Due to low stop activity, the diversion to the stop closest to the River Market is under consideration for removal within the transit network changes program for The proposed one-way service will operate Thursday to Sunday during midday period (11am to 4pm). The service will have a frequency of approximately every minutes. The proposed one-way service will duplicate part of the 106, 112, C8 services. The ITS will not use any TransLink stops. All TransLink services that share portions of the route as the ITS are more frequent, have longer hours of operation, and have two way service throughout the day. The ITS also does not directly connect to SkyTrain, limiting opportunities for integration with TransLink services. The ITS provides a highly specialized service which serves passengers who want to access the River Market from Uptown New Westminster with minimal walking. The market for this service should be small and separate from the market currently served by TransLink services. The impact of the ITS on TransLink s revenue should be minor and the ITS is not expected to increase TransLink s costs. The low frequency of the service, limited service schedule, and the lack of two-way service should yield negligible impact overall to the financial viability of the regional transportation system. Impact on Effectiveness of the Regional Transportation System The operator plans to use a small-sized bus for this ITS service, similar to a community shuttle vehicle. The bus for the planned service will be distinct in outward appearance from TransLink

29 New Westminster River Market Shuttle - Independent Transit Services Application - Appendices Page C-2 of C-2 buses, and will not use any designated transit bus stops. As a result, the planned ITS is not anticipated to confuse potential transit customers, or impact the operations of existing TransLink transit services. Even with the small travel market, the service may provide alternative to single occupant vehicle travel for some trips. In general, Management does not expect the proposed service to reduce the safety, reliability and effectiveness of the regional transportation system but rather provides an alternative service that could yield potential minor increases in the number of people using shared-ride transportation between Uptown and Downtown New Westminster.

30 To: From: Board of Directors Tim Savoie, Vice President, Transportation Planning & Policy Date: September 25, 2015 Subject: Transition to Multi-Modal Area Transport Plans (ATPs) PURPOSE This memo outlines a transition from Area Transit Plans to multi-modal Area Transport Plans (ATPs), as well as a governance and approvals approach for multi-modal ATPs that has been endorsed by TransLink Executive and is being provided to the TransLink Board for information. This multi-modal approach, and governance and approvals approach, will be utilized for the Southwest ATP, now underway for Richmond, South Delta, and Tsawwassen First Nation. BACKGROUND Since 1999, TransLink has developed Area Transit Plans in order to identify opportunities to improve the transit network aligned with land use, travel patterns, and local transportation priorities across the region. These plans are a valuable input to TransLink s planning processes including investment plans, the Regional Transportation Strategy, and the Mayors Council Plan and a direct expression of our commitment to Partner. To date, sub-regional Area Transit Plans have been limited to public transit, missing the opportunity to partner across all modes as they relate to regional transport. In 2014, System Planning reviewed the Area Transit Plan program, to determine the necessary steps to transition to multi-modal Area Transport Plans. The transition to a multi-modal Area Transport Plan (ATP) program better supports TransLink s multi-modal mandate, and constitutes good planning practice. Municipal partners have expressed support for both the transition to a multi-modal ATP, and to the governance and approvals approach. DISCUSSION The transition to multi-modal Area Transport Plans (ATPs) involves changes to the planning approach, as well as project governance and approvals. Planning Approach The approach for multi-modal ATPs includes addressing the following key components of the transportation system: 1) transit, 2) cycling, 3) walking, 4) driving, 5) goods movement, and 6) transportation demand management. The Regional Transportation Strategy and Mayors Council Plan support a multi-pronged approach to: Invest strategically to maintain and expand the transportation system; Manage

31 Transition to Multi-Modal Area Transport Plans September 25, 2015 Page 2 of 3 the transportation system to be more efficient and user-focused, and; Partner to make it happen. These levers of Invest, Manage, and Partner will be utilized as the framework upon which ATPs are structured. Further, this includes the identification of priority Strategies and Actions related to Invest, Manage and Partner for each of the key components of the transportation system identified in the above list, in order to make progress towards regional and sub-regional goals. Project Governance and Approvals It is important to have a project governance and approvals process that provides clear roles and responsibilities, which balance regional and local interests and needs. Regionally, TransLink is responsible for planning many aspects of the transportation system, and sub-regional ATPs are an important input to the development of regional plans. Locally, municipal advice and participation are required to ensure that the ATP process is informed by an understanding of local issues and priorities. Engagement with elected officials and senior municipal staff remains an important objective of ATPs, therefore the revised project structure includes a Senior Advisory Committee (SAC) comprised of one elected official (e.g., council member) and one senior municipal staff (e.g., CAO) from each municipality participating in a given ATP. SAC members will be asked to champion the project and provide advice on strategic direction. It is also intended that SAC members would facilitate appropriate communication within their respective jurisdictions to keep other elected officials and municipal departments informed of ATP progress. While past ATP s have engaged elected officials at key milestones, this new approach will formalize their role through the SAC. To accommodate regional and local needs and interests, for the project governance and approvals approach: 1. ATP approval remains within TransLink, with final sign-off for ATPs being provided by the TransLink Executive Committee. 2. ATP endorsement is sought from elected officials via a joint council forum. This approvals approach is consistent with previous ATP s. Upon completion of the Southwest ATP for Richmond, South Delta, and Tsawwassen First Nation, feedback will be sought from elected officials regarding this approach to project governance and approvals, and adjustments will be made to ensure that regional and local needs are being addressed. This feedback will also inform future Area Transport Plans and other planning processes.

32 Transition to Multi-Modal Area Transport Plans September 25, 2015 Page 3 of 3 CONCLUSION The transition to multi-modal ATPs and their associated project governance and approvals approach represents a significant step forward in fulfilling TransLink s multi-modal mandate and meeting our commitment to Partner. TransLink staff is set to move ahead with briefing our partners (e.g. MRTAC, RPAC, RAAC) on this change.

33 To: From: Board of Directors Tim Savoie, Vice President, Transportation Planning & Policy Date: September 25, 2015 Subject: Proposed Near-Term Transit Network Changes and Transit Network Consultation PURPOSE This memo outlines a proposed program of near-term transit network changes to better serve our customers and improve the overall performance of the transit network with existing resources. This memo describes the Transit Network review process and the consultation activities being initiated this fall to gather public input on the proposals. BACKGROUND TransLink and operating entities undertake transit service changes on a quarterly basis, adjusting schedules based on roadway congestion, making seasonal adjustments in service levels, and implementing permanent changes to our transit network. These permanent changes include better matching service with demand, and introducing new services or routing changes identified in our plans. This regular refinement of the transit network is part of TransLink s ongoing transit network management practice. Through these changes TransLink delivers on the priorities and financial targets identified in our plans. TransLink consults regularly with our customers and other members of the public on significant proposed service changes prior to implementing them. The most recent public consultation on service changes occurred in February 2014, with recommended changes implemented thereafter. DISCUSSION TransLink has identified a large number of proposed near-term changes to the bus network to improve services for our customers and increase ridership with existing resources. They will be consulted on publicly this fall and include: Integrating bus services with the Evergreen extension, providing new and more direct connections to SkyTrain in the Northeast Sector Speeding travel on busy routes across the region Extending service to new areas of high customer demand Taking advantage of road and infrastructure changes Making the transit network more efficient

34 Proposed Near-Term Transit Network Changes and Transit Network Consultation September 25, 2015 Page 2 of 3 Over 85 potential bus route changes across the region are proposed as presented in Appendix A. The large number of proposed changes is driven by the need to integrate bus services with the Evergreen extension. Additionally, a number of proposals identified in 2014 are included.many of the proposed changes have been previously identified in adopted TransLink plans. These include priorities established in the Mayors Council s Plan, in sub-regional Area Transit Plans (ATPs) such as the Northeast Sector ATP (2015) and North Shore ATP (2012), and in the Downtown Bus Service Review. In addition to long-established priorities, the proposals also address emerging needs identified through TransLink s ongoing transit network management. These include improvements to over-crowded or poor performing routes identified through the annual Bus Service Performance Review. These proposals identify important improvements to TransLink s transit customers and to the region. TransLink will be seeking public input on these proposals and their benefits, impacts and trade-offs through Transit Network Consultation activities. Transit Network Consultation Public and stakeholder input is an important part of the process of identifying transit network changes. Many of the proposed changes have already been consulted on publicly through the process of developing Area Transit Plans and the Downtown Bus Service Review. TransLink is seeking further public input on these and the remainder of the proposed transit network changes. TransLink planning staff have met and reviewed the proposals with planning and engineering staff from affected municipalities beginning in the fall of 2014 and again during the spring and summer of TransLink will be initiating public outreach and consultation under the banner of Transit Network Consultation. Through this program TransLink will be seeking public input on each of the proposals. Management will be engaging municipal councils on the proposals in late September and October. The public input period will be from October 13 to November 6, TransLink will thereafter report out on the results of the public consultation, and recommendations. Based on those recommendations, TransLink management and its operating entities will work to implement the changes on a quarterly basis, starting in TransLink will be undertaking extensive outreach efforts to inform our customers of potential changes and provide opportunities for public input. TransLink will employ a mix of online and traditional tools to reach our transit customers and interested members of the public.

35 Proposed Near-Term Transit Network Changes and Transit Network Consultation September 25, 2015 Page 3 of 3 These proposals involve changes to existing transit services, to deliver the improvements identified above. Those changes will have benefits and impacts for customers. The Transit Network Consultation activities will allow the public the opportunity to provide their input into key trade-offs, and suggest ways in which the proposals can be improved. CONCLUSION The proposed near-term transit network changes provide an important means to improving the transit system with existing resources. The Transit Network Consultation will gather valuable customer and public input about those proposals, and inform further refinements and implementation. Management has briefed our staff partners (e.g. Major Roads and Transportation Advisory Committee, Regional Planning Advisory Committee, Regional Administrators Advisory Committee) on this program, and propose to initiate consultation with municipal councils and the public later this fall.

36 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Regional proposals: Millennium Line Evergreen extension 6 new SkyTrain stations connecting the Northeast Sector. Horseshoe Bay Ferry Terminal Express (257) Improving speed and reliability. Tsawwassen Ferry Terminal Express (620) Improving speed and reliability. Page 1 / 41

37 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Millennium Line Evergreen Extension 6 new stations providing frequent, fast connections for the North East Sector Page 2 / 41

38 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Horseshoe Bay Ferry Terminal Express (257) Improving speed and reliability Page 3 / 41

39 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Tsawwassen Ferry Terminal Express (620) Improving speed and reliability Page 4 / 41

40 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Burnaby and New Westminster proposals: 49 th Champlain Heights (49 / 26) Improving speed and maintaining access. Hastings B-Line (135) Creating a B-Line on one of the network s busiest corridors. Metrotown Edmonds New Westminster (106) Improving reliability. Metrotown Station (49 / 116 / 129 / 130 / 144 / 430) Aligning services with the upgraded station. New Westminster community shuttles (C3 / C4 / C8 / C9) Increasing reliability, reducing overcrowding, and improving connectivity. Simon Fraser University Burnaby Mountain (135 / 143 / 144 / 145 / N35) Improving speed and simplifying routes. Walnut Grove Lougheed (501 / 509) Increased travel options on Hwy 1. (See South of Fraser proposals.) Page 5 / 41

41 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A 49th Ave Champlain Heights (26 / 49) Improving speed and maintaining local access Page 6 / 41

42 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Hastings B-Line (135) Creating a B-Line on one of the network s busiest corridors Page 7 / 41

43 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Metrotown Edmonds New Westminster (106) Improving reliability Page 8 / 41

44 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Metrotown Station (49 / 116 / 129 / 130 / 144 / 430) Aligning services with the upgraded station Page 9 / 41

45 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A New Westminster community shuttles (C3 / C4 / C8 / C9) Increasing reliability, reducing overcrowding, and improving connectivity. Page 10 / 41

46 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A SFU Burnaby Mountain (135 / 143 / 144 / 145 / N35) Improving speed and simplifying routes Page 11 / 41

47 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Northeast Sector, Maple Ridge and Pitt Meadows proposals: Central Tri-Cities (97 B-Line / 160 / 190 / C24) Maintaining frequent, local connections to rapid transit. Millenium Line Evergreen Extension 6 new SkyTrain stations connecting the Northeast Sector. (See Regional proposals.) Northeast Coquitlam Port Coquitlam (188 / C37 / C38) Providing new coverage and increased frequencies to meet demand. Port Coquitlam Southwest Coquitlam (159 / 169 / C40) Improving speed and simplifying service patterns. Port Moody North Coquitlam (178 / C26 / C27 / C28 / C29 / C30) Simplifying routes for more direct, faster connections to SkyTrain. Southwest Coquitlam (143 / 151 / 153 / 157) Improving capacity and introducing direct connections to SkyTrain. West Coast Express (TrainBus / 701 ) Improving efficiency and increasing travel options for customers. Page 12 / 41

48 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Central Tri-Cities (97 B-Line / 160 / 190 / C24) Maintaining frequent, local connections to rapid transit. Page 13 / 41

49 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Central Tri-Cities (97 B-Line / 160 / 190 / C24) Maintaining frequent, local connections to rapid transit. Page 14 / 41

50 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Northeast Coquitlam Port Coquitlam (188 / C37 / C38) Providing new coverage and increased frequencies to meet demand. Page 15 / 41

51 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Port Coquitlam Southwest Coquitlam (159 / 169 / C40) Improving speed and simplifying service patterns. Page 16 / 41

52 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Port Moody North Coquitlam (178/C26/C27/C28/C29/C30) Simplifying routes for more direct, faster connections to SkyTrain Page 17 / 41

53 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Southwest Coquitlam (143 / 151 / 153 / 157) Improving capacity and introducing direct connections to SkyTrain. Page 18 / 41

54 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A West Coast Express (TrainBus / 701) Improving efficiency and increasing travel options for customers. Page 19 / 41

55 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A North Shore proposals: British Properties Chartwell (254 / 256) Improving convenience and flexibility by introducing two-way service. Horseshoe Bay Ferry Terminal Express (257) Improving speed and reliability. (See Regional proposals.) Upper Lonsdale Lynn Valley (242 / N24) Aligning service patterns and improving connectivity. West Vancouver Downtown UBC (44 / 250 / 258) Improving speed and efficiency. Page 20 / 41

56 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A British Properties Chartwell (254 / 256) Improving convenience and flexibility by introducing two-way service Page 21 / 41

57 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Upper Lonsdale Lynn Valley (242 / N24) Aligning service patterns and improving connectivity Page 22 / 41

58 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A West Vancouver Downtown UBC (44 / 250A / 258) Improving speed and efficiency Page 23 / 41

59 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Richmond and South Delta proposals: 41st Ave UBC (41 / 43 / 480) Moving towards a B-Line to meet ridership growth. (See Vancouver and UBC proposals.) Tsawwassen Ferry Terminal Express (620) Improving speed and reliability. (See Regional proposals.) Tsawwassen Malls (601 / 609) Connecting to new Tsawwassen shopping malls. Page 24 / 41

60 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Tsawwassen Malls (601 / 609) Connecting to new Tsawwassen shopping malls Page 25 / 41

61 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A South of Fraser proposals: 208th Street Willoughby (501 / 595) Introducing service to 208th Street. Brookswood Langley Centre (502 / 531 / 590 / C63) Removing duplication and improving efficiency. Cloverdale Panorama Village (320 / 341) Introducing service along Hwy 10. King George Blvd (394) Moving towards a B-Line to White Rock. Walnut Grove Lougheed (501 / 509) Increasing travel options on Highway 1. South Surrey White Rock (351 / 352 / 354 / C50 / C51 / C52 / C53) Matching service to demand and increasing efficiency. Page 26 / 41

62 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A 208th Street Willoughby (501 / 595) Introducing service along 208th Street Page 27 / 41

63 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Brookswood Langley Centre (502 / 531 / 590 / C63) Removing duplication and improving efficiency Page 28 / 41

64 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Cloverdale Panorama Village (320 / 341) Introducing service along Hwy 10 Page 29 / 41

65 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A King George Blvd (394) Moving towards a B-Line to White Rock Page 30 / 41

66 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Walnut Grove Lougheed (501 / 509) Increasing travel options on Highway 1 Page 31 / 41

67 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A South Surrey / White Rock (351/352/354/C50/C51/C52/C53) Matching service to demand and increasing efficiency Page 32 / 41

68 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A South Surrey / White Rock (351/352/354/C50/C51/C52/C53) Matching service to demand and increasing efficiency Page 33 / 41

69 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Vancouver and UBC proposals: 41st Ave UBC (41 / 43 / 480 ) Moving towards a B-Line to meet ridership growth. 49 th Ave Champlain Heights (26 / 49) Improving speed and maintaining access. (See Burnaby proposals) Hastings B-Line (135) Creating a B-Line on one of the network s busiest. (See Burnaby proposals.) Marine Drive NightBus (N8 / N20) Improving connections to Marine Gateway. NightBus (N6 / N16 / N22) Discontinuing low ridership service. Northeast Vancouver trolleys (4 / 7 / 16) Improving regional connectivity and efficiency. UBC Spanish Banks (C18 / C19 / C20) Responding to customer feedback and improving efficiency. West End Downtown (5 / 6 / C21 / C23) Better connections across Downtown. West Vancouver Downtown UBC (44 / 250A / 258) Improving speed and efficiency. (See North Shore proposals.) Page 34 / 41

70 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A 41st Ave UBC (41 / 43 / 480) Moving towards a B-Line to meet ridership growth Page 35 / 41

71 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Marine Drive NightBus (N8 / N20) Improving connections to Marine Gateway Page 36 / 41

72 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A NightBus (N6 / N16 / N22) Discontinuing low ridership service Page 37 / 41

73 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A Northeast Vancouver Trolleys (4 / 7 / 16) Improving regional connectivity and efficiency Page 38 / 41

74 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A UBC Spanish Banks (C18 / C19 / C20) Responding to customer feedback and improving efficiency Page 39 / 41

75 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A West End - Downtown Services (5 / 6 / C21 / C23) Better connections across Downtown Page 40 / 41

76 Proposed Near-Term Transit Network Changes and Transit Network Consultation - Appendix A West End - Downtown Services (5 / 6 / C21 / C23) Better connections across Downtown Page 41 / 41

77 To: From: Board of Directors Tim Savoie, Vice President, Transportation Planning and Policy Date: September 25, 2015 Subject: Advancing the Transit Fare Policy Review PURPOSE Management has developed a planning process to update TransLink s Transit Fare Policy. This report outlines the key components of the project process, including a work plan, timeline, and project structure, in order to deliver a comprehensive review. BACKGROUND TransLink s 3-zone fare structure, originally adopted in 1984, has remained unchanged for over 30 years. In this time our customers have changed, as have their travel patterns and choices. In addition, TransLink s services have also changed and will continue to evolve with the introduction of Compass. To deliver on the objectives of the Compass Card and Faregates program it is critical that a new fare policy be developed to improve the customer experience and increase the efficiency of the transportation system. To facilitate a smooth launch of the Compass card, TransLink has introduced a temporary 1-zone fare for all bus services. The development of this new fare policy is scheduled to be ready for implementation following the introductory period for the Compass card. The need to more effectively price the transportation system is identified in the both the Regional Transportation Strategy (2013) and the Mayors Plan (2014). TransLink has articulated its intention to review the existing fare policy and has identified high level objectives in our Strategic Plans for several years. The Regional Transportation Strategy adopted by the TransLink Board in July 2013, states in Strategy 2.4 that TransLink will: As a priority, consistently apply mobility pricing to the transit system and to the road system to allow for more fine-grained variation in prices based on time, distance travelled or location. Further, The Mayors Council Vision, endorsed by the Board in December 2014, also commits to pricing the transportation system more effectively. This includes more refined time and distancebased pricing for the transit fare system.

78 Advancing the Transit Fare Policy Review September 25, 2015 Page 2 of 5 DISCUSSION Project Work Plan and Timeline The Transit Fare Policy Review is estimated to take approximately 18 months to complete and will include the necessary technical and engagement work to develop a comprehensively updated fare policy for consideration by the Board and Mayors Council. The Review will investigate the feasibility of alternative fare structures (e.g. zones, distance-based), fare products (e.g. loyalty passes, concessions), and fare prices. An overview of the project timeline is included in Attachment 1 and identifies the three key stages as: 1. Discover (Q4 2015) qualitative and quantitative research to gather insights on transit pricing and travel behaviour. 2. Define (Q1 2016) analysis of data from the Discover stage to help define the problem statement and project objectives. 3. Develop (2016 and Q1 2017) development of options for alternative fare structures, fare products, and price levels and evaluation against policy objectives, customer needs, and implementation objectives. A final Transit Fare Policy will be produced for consideration of adoption by the Board and Mayors Council. The availability of Compass data is an important input into the development and evaluation of alternative fare structures. The scale of data will increase when Compass is made available through Compass Vending Machines in October and when the faregates are closed at SkyTrain stations in It is anticipated that 12 months of data will allow staff to develop a strong picture of trip patterns and overall travel behaviour. The timeline is planned to ensure the preferred transit fare policy is evaluated when this complete data set is available in early Project Oversight and Responsibilities The Transit Fare Policy Review will be led by the Policy Group within the Transportation Planning and Policy Department. The Policy Group will work closely with appropriate internal departments to ensure broad input. The review will be overseen by a Corporate Steering Committee which will include the Vice Presidents from Planning, Finance, and Communications and Customer Engagement. This Committee will receive the key deliverables and engage with colleagues from across the Enterprise, including the subsidiary companies. The Mayors Council on Regional Transportation plays an important role in the approval of fares under the SCBCTA Act. Management will work with the Executive Director of the Mayors Council to ensure the Council is appropriately engaged at key stages of the review.

79 Advancing the Transit Fare Policy Review September 25, 2015 Page 3 of 5 A number of internal and external committees will be created to support the delivery of the project and ensure broad input is received by the core project team. The three proposed external committees include a focus on municipalities, regional stakeholders, and potentially a citizens panel respectively. The early research (Discover) phase will also ensure that qualitative and quantitative techniques are used to gather customer insights and objectives. The exact makeup and mandate for these committees will be determined at the start of the project, with sign-off from the Corporate Steering Committee. Public Engagement The Fare Policy Review is a tremendous opportunity for TransLink to engage with our customers and receive feedback. The review proposes four stages of public engagement for TransLink to listen to and involve our customers. This will ensure their insights are incorporated into the design and implementation plan for a new fare policy and structure. The exact timing and nature of this engagement will be determined by the project team and the Corporate Steering Committee. This will include consideration of parallel corporate initiatives, such as Compass rollout, in order to ensure discussions about a new fare structure do not confuse messages about existing fare approaches. ALTERNATIVES CONSIDERED Management considered an alternative timeline of delaying the Review until after the Compass card is more generally present on the transit system and the faregates are closed. Although this approach would allow for the collection of more data, it would also significantly delay the timeline for implementing a new fare policy, and a logical and timely transition from the temporary 1-zone on buses. Furthermore, Management is confident that sufficient technical and engagement work can be undertaken in advance of substantial Compass data being received and the review builds in time for proposed solutions to be analysed with Compass data available. RISKS RISKS Preferred policy approach may not be compatible with existing technology and contractual agreements. Contentious public policy issue that will impact how and what people pay. MITIGATION Involve staff from Revenue, BTS and the Compass team early and often in the process. Engage public in a dialogue throughout the process and involve key partners and stakeholders. Develop and implement a communications plan.

80 Advancing the Transit Fare Policy Review September 25, 2015 Page 4 of 5 CONCLUSION The Transit Fare Policy Review is a major initiative that will allow TransLink to actively listen and receive feedback from its customers on a topic they care deeply about and deliver on the full potential of Compass. The agency has the opportunity to consider evolving the existing structure and related products with a policy that provides clear value to both the customer, improves the efficiency of the system and gets better transportation outcomes for the region. The review has been scoped in a manner to ensure that solutions developed will respond to customer needs and will undergo a thorough evaluation process. The review will be an open and transparent planning process that engages with key stakeholders and customers and reports to the TransLink Board and other government decision makers at key milestones. At this stage no solutions are predetermined and this is an opportunity for TransLink to explore and define solutions with maximum customer input.

81 Attachment 1 Transit Fare Policy Review Timeline

82 3.6 Audit Committee Chair Briefing Verbal report from John Dawson, Committee Chair

83 To: From: Board of Directors Cathy McLay, Acting CEO, Chief Financial Officer and Executive Vice President, Finance & Corporate Services Christine Dacre, Vice President, Financial Services Date: September 16, 2015 Subject: Banking Resolutions Update PROPOSED RESOLUTION: That the Board approve the following seven updated banking resolutions: a) Bank of Montreal (BMO) as set out in Attachment 1; b) Canadian Imperial Bank of Commerce (CIBC) as set out in Attachment 2; c) HSBC Bank of Canada (HSBC) as set out in Attachment 3; d) National Bank of Canada (National Bank) as set out in Attachment 4; e) Bank of Nova Scotia (Scotiabank) as set out in Attachment 5; f) Royal Bank of Canada (RBC) as set out in Attachment 6; and g) The Toronto-Dominion Bank (TD) as set out in Attachment 7. PURPOSE The purpose of this report is to update the current banking resolutions necessitated by changes in organizational structure and other staffing changes since the last approved banking resolutions with TransLink s seven financial institutions. BACKGROUND TransLink has multiple banking relations with Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), HSBC Bank of Canada (HSBC), National Bank of Canada (National Bank), Bank of Nova Scotia (Scotiabank), Royal Bank of Canada (RBC) and The Toronto-Dominion Bank (TD) to assist in diversification of surplus funds as outlined in TransLink s Investment Policy. TransLink has a separate banking resolution for each financial institution as each of TransLink s bankers has different legal and compliance requirements. TransLink s primary general banking relationship is with Scotiabank. TransLink also has a secondary banking relationship with TD for cheque deposits due to the close proximity to TransLink s head office. TD also handles the cash flows (drawdowns and repayments) on the Commercial Paper program.

84 Banking Resolutions Update September 16, 2015 Page 2 of 2 The banking resolutions authorize signatories for the following two circumstances: Entering into banking agreements; and Day-to-day banking transactions, signing cheques/instruments and providing approvals. DISCUSSION A number of organizational structure and staffing changes have resulted in only one executive remaining as a signing officer to undertake all banking matters on behalf of TransLink. It is therefore proposed that TransLink add the General Counsel & Corporate Secretary (Gigi Chen-Kuo) as authorized signatory to sign both banking agreements and banking transactions; and add as authorized signatory the Vice President, Infrastructure Management & Engineering (Fred Cummings) and Vice President, Financial Services (Christine Dacre) to sign banking transactions. This will ensure that there will continue to be two separate signatures required to authorize banking agreements, and ensure that there are multiple signing officers available for authorizing banking transactions. All of the institutions require specific banking resolutions which delegate the authority to establish and maintain various banking accounts and also assign the necessary signing authorities to both sign the necessary banking forms and agreements and also authorize the individual to undertake various transactions. The attached updated resolutions will reflect these staffing changes to the signing officers and also update some older resolutions to conform to wording around delegation of electronic banking adopted in some of the more recently approved banking resolutions. CONCLUSION It is recommended that the Board of Directors approve the attached banking resolutions as presented.

85 Attachment 1 (BMO): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Appoints the Bank of Montreal (BMO) to provide banking services for the South Coast British Columbia Transportation Authority (SCBCTA); B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to finalize and jointly sign documentation required to open or close account(s) with BMO including, without limitation, the Cash Management Services Selection Agreement and any other banking agreements or service requests; C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer & Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give instructions, verifications and approvals to BMO, including instructions with regards to changes of address and duplicate statements, and to sign cheques or other instruments drawn on the account. The signing officers may also give BMO instructions to issue written, telephone, electronic or verbal transfer or payment of funds of the SCBCTA on deposit with BMO by manual, wire, electronic or other means; and D. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions.

86 Attachment 2 (CIBC): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Authorizes the continuation of the corporate banking relationship with the Canadian Imperial Bank of Commerce (CIBC) to provide banking services for TransLink. Terms and conditions are to be in accordance with the Business Account and Services Application and Agreement and the CIBC proposal submitted to SCBCTA on February 3, 2011; B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to finalize and jointly sign any amendments to the CIBC Business Account and Services Application and Agreement, other banking agreements or service requests; C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer & Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give written, verbal or electronic instructions, verifications and approvals to CIBC, and sign cheques or other instruments drawn on the account or to give effect to electronic banking, and which officers may, for purposes of electronic banking, further delegate some or all of his/her authority to any person(s) to give instructions or otherwise do all things as required to give effect to electronic banking; which signing officers may give instructions, verifications and approvals to CIBC, and sign cheques or other instruments drawn on the SCBCTA accounts at CIBC; and D. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions.

87 Attachment 3 (HSBC): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Continues to authorize Authorizes the appointment of HSBC Bank Canada ("HSBC") to provide banking services for TransLink; B. By way of this resolution, updates the signing authorities previously provided to HSBC; C. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to open an account with HSBC and to sign such documents as are required to open and operate the Account, including finalizing and signing the HSBC Commercial Account Operating Agreement (the "Operating Agreement"), agreements supplemental to the Operating Agreement ("Service Agreements") and any other banking agreements and service requests; and D. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer and Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give written, verbal or electronic instructions, verifications and approvals to HSBC, including signing cheques or other instruments drawn on the account in accordance with the signature combination indicated on the HSBC Signature Card, or to give effect to electronic banking, and which officers may, for purposes of electronic banking only, further delegate all or some of his/her authority to any person(s) to give instructions and otherwise do all things as required to give effect to electronic banking; E. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions; and F. In the absence of any written agreement to the contrary, this resolution will apply to all accounts subsequently opened by or on behalf of the Account Holder and shall remain in effect and be irrevocable until a resolution repealing this resolution has been passed and a copy thereof certified by a director or officer or Authorized Signatory has been delivered to HSBC at each branch or agency where an account of the Account Holder is kept.

88 Attachment 4 (National Bank): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Authorizes the appointment of National Bank of Canada ("National Bank") to provide banking services for TransLink; B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to open an account(s) at National Bank and to finalize and sign such documents as are required to open and operate the account(s), including the National Bank Account Operating Agreement (the "Operating Agreement") and agreements supplemental to the Operating Agreement ("Service Agreements"), and to finalize and sign any other banking agreements and service requests; and C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer and Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give written, verbal or electronic instructions, verifications and approvals to National Bank, and sign cheques or other instruments drawn on the account or to give effect to electronic banking, and which officers may, for purposes of electronic banking, further delegate some or all of his/her authority to any person(s) to give instructions or otherwise do all things as required to give effect to electronic banking; and D. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions.

89 Attachment 5 (Scotiabank): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Authorizes the continuation of the retainer of Scotiabank (Scotia) to provide banking services for TransLink; B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to finalize and sign the Scotia Financial Services Agreement, Scotia Interest Arrangements and Service Fees Agreement, and any other banking agreements and service requests; and C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer and Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give written, verbal or electronic instructions, verifications and approvals to Scotia, and sign cheques or other instruments drawn on the account or to give effect to electronic banking, and which officers may, for purposes of electronic banking, further delegate some or all of his/her authority to any person(s) to give instructions or otherwise do all things as required to give effect to electronic banking; which signing officers may give instructions, verifications and approvals to Scotia, and sign cheques or other instruments drawn on the account; and D. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions.

90 Attachment 6 (RBC): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority ( TransLink ) Board of Directors: A. Authorizes the continuation of the corporate banking relationship with the Royal Bank of Canada (RBC) to provide banking services for TransLink. Terms and conditions for such services are to be in accordance with the RBC FINANCIAL SERVICES AGREEMENT, the applicable service agreements and, as regards pricing for such banking services, the RBC proposal submitted to TransLink on November 25, 2010; B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to finalize and jointly sign any amendments to the RBC FINANCIAL SERVICES AGREEMENT, other banking agreements or service requests; C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and the General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer and Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers (each a Signing Officer ) may give instructions, verifications and approvals to RBC, to sign cheques or other instruments drawn on the TransLink accounts, and to authorize, by way of written instructions to RBC, other person or persons to sign cheques or instruments drawn on the TransLink accounts at RBC or to give effect to electronic banking, and which Signing Officers may, for purposes of electronic banking, further delegate some or all of his/her authority to any person(s) to give instructions or otherwise do all things as required to give effect to electronic banking; D. Authorizes the General Counsel & Corporate Secretary, or any one of the Signing Officers referenced under section (C), to certify the above Board resolutions; E. Replaces the Resolution passed January 30, 2013 with respect to its corporate banking relationship with RBC with this Resolution; and F. Attests that this Resolution shall be binding upon TransLink until a new Resolution repealing or replacing the previous one has been received and duly acknowledged in writing by the branch or agency of RBC where TransLink has its account.

91 Attachment 7 (TD): SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BANKING RESOLUTION That the South Coast British Columbia Transportation Authority (TransLink) Board of Directors: A. Authorizes the continuation of the corporate banking relationship with The Toronto- Dominion Bank (TD) to provide banking, products and services for TransLink. Terms and conditions are to be in accordance with the TD Business Banking and Services Agreement signed on July 28, 2009; B. Authorizes any two of the Chief Executive Officer and, Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary to jointly sign any amendments to the TD Business Banking and Services Agreement and any other agreements relating to the financial products and services offered by TD; C. Authorizes the following to act as signing officers: (1) Any two of the Chief Executive Officer and, the Chief Financial Officer & Executive Vice President, Finance & Corporate Services and General Counsel & Corporate Secretary, acting together; or (2) Either Any one of the positions set out in subsection (1) together with any Executive Vice President (other than the Chief Financial Officer and Executive Vice President, Finance & Corporate Services) or the Chief Operating Officer Vice President, Infrastructure Management & Engineering or Vice President, Financial Services; which signing officers may give written, verbal or electronic instructions, verifications and approvals to TD, and sign cheques or other instruments drawn on the TransLink accounts at TD or to give effect to electronic banking and otherwise perform any and all banking transactions and utilize TD's products and services, and which officers may, for purposes of electronic banking, further delegate some or all of his/her authority to any person(s) to give instructions or otherwise do all things as required to give effect to electronic banking; which signing officers may give instructions, verifications and approvals to TD, and sign cheques or other instruments drawn on the TransLink accounts at TD; and D. Authorizes the General Counsel & Corporate Secretary, or any one of the signing officers referenced under section (C), to certify the above Board resolutions.

92 To: From: Board of Directors Cathy McLay, Acting CEO, Chief Financial Officer and Executive Vice President, Finance & Corporate Services Christine Dacre, Vice President, Financial Services Date: September 16, 2015 Subject: Update to Borrowing Resolutions PROPOSED RESOLUTION: That the TransLink Board of Directors approve: 1) Amendments to the Omnibus Borrowing Resolution, as shown in redline in Appendix I of this report; and 2) The resolutions set out in Appendix II of this report, which amend the January 29, 2010 Board resolution that provides the authorizations for TransLink s Credit Facility and Commercial Paper Program. PURPOSE To update the current two main Borrowing Resolutions necessitated by amendments to the South Coast British Columbia Transportation Authority (SCBCTA) Act and consequential changes in the organizational structure since the last approved versions of these two Borrowing Resolutions. BACKGROUND The purpose of a Borrowing Resolution is to delegate authority to authorized officers as follows: Decision to borrow and decide on all the terms; and Execute and deliver documents and take all necessary actions to effect the borrowing and the resolution.

93 Update to Borrowing Resolutions September 16, 2015 Page 2 of 4 1. Omnibus Borrowing Resolution The Omnibus Borrowing resolution is required where TransLink needs to borrow money urgently but where there is not sufficient time to convene a meeting of the Board of Directors. In the normal course of a required borrowing, management would make a request to the Board for a new specific borrowing resolution, but still referencing, within the specific borrowing resolution, some of the overarching key provisions of the Omnibus. The Omnibus also makes reference to the current approved Debt Obligation Cap (aka Borrowing Limit). Part 2 of the new Omnibus Borrowing Resolution deals exclusively with any borrowings undertaken via the Municipal Finance Authority of British Columbia (MFA) but now with similar approvals and signatories as in Part 1. TransLink will keep the Part 2 section to provide flexibility should TransLink decide to refinance these existing borrowings with the MFA. 2. Resolution of the Board which provides authorizations for TransLink s Credit Facility and Commercial Paper Program The Credit Agreement is a mandatory pre-requisite to backstop the Commercial Paper program and requires a Credit Rating under applicable securities laws. The facility is currently at $500 million with the option to increase by another $100 million. TransLink s Commercial Paper program has an authorized limit of $500 million. This resolution is important to continue with the day-to-day operation of TransLink s Commercial Paper program. DISCUSSION Since the establishment of the abovementioned two main Borrowing Resolutions, there have been a number of legislative and organizational structure changes. As the Chief Financial Officer and Executive Vice President, Finance & Corporate Services (Cathy McLay) is the Acting Chief Executive Officer and with the elimination of the Chief Operating Officer position, it is recommended to have additional officers co-sign any borrowing documents on behalf of TransLink. It is therefore proposed that TransLink add the General Counsel & Corporate Secretary (Gigi Chen-Kuo) and the Vice President, Financial Services (Christine Dacre) as authorized signatures under both these Borrowing Resolutions to co-sign borrowing documentation on behalf of TransLink.

94 Update to Borrowing Resolutions September 16, 2015 Page 3 of 4 The Omnibus Borrowing Resolution Authorizations: The following table summarizes the proposed changes to the existing 2012 Omnibus Borrowing Resolution: Delegation of Authority Decision to borrow and decide on all of the terms. Execute and deliver documents and take all necessary actions to effect the borrowing and the resolution. One of: CEO CFO Existing Revision Reason Section in proposed resolution Plus one of (in the following order): Chair Vice-Chair Chair of the Audit Committee. Any two of: CEO CFO COO or any of their acting or deputy. None Any two of: CEO CFO General Counsel VP, Financial Services or any of their acting or deputy. Ensure upfront consultation with at least one of the Chair, Vice Chair or Chair of the Audit Committee. Many of these additional borrowing documentation need to be signed quickly after the launch of the debt as the period of time to the closing is short and it is more practical that staff who are readily available be authorized to sign these documents. Part 1 paragraph 2 Part 1 paragraphs 4, 5, 6 and 7 Refer to Appendix I for the new Omnibus Borrowing Resolution in its entirety.

95 Update to Borrowing Resolutions September 16, 2015 Page 4 of 4 Resolution of the Board which provides authorizations for TransLink s Credit Facility and Commercial Paper Program The decision to amend or extend any of the terms of TransLink s Credit Facility and Commercial Paper Program remains with the Board of Directors. Currently, the January 29, 2010 resolution of the Board, which provides authorization for TransLink s Credit Facility and Commercial Paper Program to execute and deliver documents and take all necessary actions to affect the resolution, rests with the Chief Executive Officer and Chief Financial Officer acting together, but subject to the further approval of the Audit Committee. The amendment to the January 29, 2010 resolution in the form attached as Appendix II adds the General Counsel & Corporate Secretary (Gigi Chen-Kuo) and the Vice President, Financial Services (Christine Dacre) as authorized signatories under this Borrowing Resolutions to co-sign borrowing documentation on behalf of TransLink. There is no longer any requirement to obtain further approval of the Audit Committee, as that requirement was inserted to deal with a onetime request for further information prior to final sign off by the Audit Committee. The existing January 29, 2010 resolution is attached as Appendix III for information purposes only. CONCLUSION It is recommended that the Board of Directors approve the attached new Omnibus Borrowing Resolution (Appendix I) and the Amending Resolution to the Specific Borrowing Resolution for TransLink s Credit Facility and Commercial Paper Program (Appendix II).

96 Farris Draft Dated March September 17, APPENDIX I OMNIBUS BORROWING RESOLUTION WHEREAS: A. Under section 31(4) of the South Coast British Columbia Transportation Authority Act, as amended, (the SCBCTA Act ), the South Coast British Columbia Transportation Authority ( TransLink ) may, subject to section 31(1) of the SCBCTA Act: (a) (b) borrow sums of money TransLink considers necessary, and on its own, through any fiscal agent it appoints or otherwise, issue securities bearing interest at rates, if any, and payable as to principal and interest in currencies, at places, at times and in a manner TransLink determines; B. The TransLink Board of Directors passed a resolution on September 3, 2008 (the 2008 Resolution ) authorizing borrowing directly and through the Municipal Finance Authority of British Columbia ( MFA ) pursuant to section 31(2) of the SCBCTA Act and TransLink has from time to time since that resolution borrowed through MFA, but has now ceased borrowing any additional sums of money through MFA. If TransLink determines at any time to reinstate additional borrowing through the MFA under section 31(2) of the SCBCTA Act, the provisions of Part 2 of this resolution will apply to such borrowings; C. Under section 31(1) of the SCBCTA Act, the outstanding debt obligations of TransLink must not be greater than (i) $1 billion 50 million, (ii) an amount proposed by TransLink s board and ratified by Greater Vancouver Regional District s board of directors and (iii) an amount proposed in aan approved supplement or an approved investment plan as set out in section 31(1)(c) or (d); D. Under the 2012 supplemental plan which has been provided to and approved by the mayors council under then sections 202(2) and 204(b) of the then SCBCTA Act, (before repeal of sections 202 and 204 and their replacement by sections and under the South Coast British Columbia Transportation Authority Amendment Act, 2014), TransLink s authorized debt obligation cap (the Debt Obligation Cap ) was increased from $2 billion 800 million to $3 billion 500 million; and E. It will be necessary from time to time for TransLink to borrow amounts (the Borrowings ), for TransLink purposes, which will not exceed in the aggregate, together with any other outstanding debt obligations of TransLink arising from borrowings under the Debt Obligation Cap which Borrowings are to be applied for the purposes of TransLink. The Borrowings hereunder are necessary to realize the net sum required for such TransLink purposes. THEREFORE, BE IT RESOLVED that the TransLink Board of Directors enacts as follows: Part 1 1. TransLink be and is hereby authorized to borrow at such time or times and in such amounts from _1113 CRH 27/03/201228/08/2015

97 - 2 - time to time (all as may be determined pursuant to paragraph 2) funds in an aggregate principal amount which together with any other outstanding debt obligations of TransLink arising from borrowings will not exceed the Debt Obligation Cap of $3 billion 500 million or such other amount as may be authorized under section 31(1)(b),(c) or (d) of the SCBCTA Act. 2. One of the Chief Executive Officer or the Chief Financial Officer and Executive Vice President Finance and Corporate Services (the Chief Financial Officer ) of TransLink andtogether with the Chair of the Board of Directors or in his or her absence or unavailability the Vice-Chair of the Board of Directors or in his or her absence or unavailability the Chair of the Audit Committee of the Board of Directors are hereby authorized to determine the following: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) the aggregate principal amount of any Borrowings, subject to the limitation specified in paragraph 1; the principal amounts to be borrowed from time to time in respect of the Borrowings, and the timing and manner of such Borrowings; the currencies in which any Borrowings will be made; the kind or nature, and the principal amount, of securities (the Securities ), if any, of TransLink to be issued or otherwise disposed of in connection with the Borrowings; the price at which the Securities will be sold, and whether such Securities will be sold at par value or at less or more than par value; the rate or rates, if any, at which the Securities will bear interest; the date upon which the Securities will be issued and, if applicable, the date upon which the Securities will mature; whether the Securities or any other securities of TransLink will be charged, pledged, hypothecated, deposited or otherwise dealt with as collateral security in connection with the Borrowings; whether or not the Securities will be redeemable, and if redeemable, all matters relating to the redemption of such Securities by TransLink prior to their maturity; all matters relating to sinking funds for the Securities; whether the Securities will be secured by any charge, pledge, hypothecation or other security interest in or over any or all of the assets of TransLink; whether any other or additional covenants of TransLink will be applicable to the Securities; the form of the Securities and, without limitation, whether the Securities will be held by a depository agency in a book-based system for the central handling of securities that provides for the transfer of the Securities by bookkeeping entry without physical delivery of the Securities; the form and content of agreements and other documents and the doing of all such things as may be necessary or desirable to effect use of the book-based system for the central handling of the Securities; _1113 CRH 27/03/201228/08/2015

98 - 3 - (o) (p) (q) (r) (s) whether any one or more persons will be retained as underwriter, syndicate member, selling agent or lead bank with respect to the sale of the Securities; whether any trustee, paying agent or other agent will be appointed in relation to the Securities or the Borrowings and, if so determined, the appointment of such trustee, paying agent or other agent, as applicable, and the approval of any trust deed or agency agreement, as applicable, to be entered into by TransLink; all matters relating to any repayment, refinancing, refunding, repurchase or redemption of any Securities or agreements of TransLink in connection with the Borrowings; whether any currency exchange, spot and future currency, interest rate exchange or future interest rate agreement will be entered by TransLink in relation to the Borrowings and, if so determined, the approval of any such agreement; and the approval and filing with any securities regulatory authority of any document, notice or application, together with any related fee, required by any applicable law. 3. TransLink may, without the approval of the holders of the bonds of any issue of bonds forming a part of the Securities, issue from time to time further bonds in addition to the principal amount of any prior or any subsequent issue of bonds having the same terms and conditions as the bonds of that prior or subsequent issue (except where applicable, the first payment of interest). Such further issues shall be consolidated and form a single series with the outstanding bonds of the prior issue or issues and shall mature on the same date and may be interchangeable with the bonds of the prior issue and any other bonds of the same series as may have been issued. 4. The form of security (the Global Bond ) substantially in the form set out in Appendix A to this resolution together with the insertion of the specific details of the issue of bonds issued in respect of any Borrowings including amount, term and interest rate is hereby approved for all future issues of bonds as required under section 31(9) of the SCBCTA Act. Any two of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services are hereby authorized and directed in the name of and on behalf of TransLink to execute and deliver Global Bonds. For the purposes of this resolution a reference to the Vice President Financial Services will be deemed to include any officer having similar capacity, authority and functions to the Vice President Financial Services. 5. Any two of the Chief Executive Officer, the Chief Financial Officer, the General Counsel or the Chief Operating OfficerVice President Financial Services are hereby authorized and directed in the name of and on behalf of TransLink to execute and deliver or cause to be executed and delivered any and all agreements or documents that may be required or desirable in respect of any Borrowings and execution by such persons shall be conclusive proof of their authority to act on behalf of TransLink. 6. Any two of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services are hereby authorized for and on behalf of TransLink to take all such actions, do such things and execute and deliver, with or without the seal of TransLink, and deliver all such agreements, documents or instruments as they may deem appropriate in connection with or to give effect to the foregoing resolutions, and execution by such persons shall be conclusive proof of their authority to act on behalf of TransLink _1113 CRH 27/03/201228/08/2015

99 For the purposes of this resolution, any authority given to the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services of TransLink includes a person acting for or a deputy of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services, as the case may be. Part 2 1. Without limiting the generality of paragraphs 1 and 2 of Part I, MFA is hereby requested and authorized to finance from time to time at the sole cost of and on behalf of and at the direction of TransLink an amount not to exceed the aggregate principal amount which together with any other outstanding debt obligations of TransLink arising from borrowings will not exceed the Debt Obligation Cap of $3.5 billion or such other amount as may be authorized under section 31(1)(b), (c) or (d) of the SCBCTA Act in such currency or currencies and at such rate or rates of interest, and having such maturity date or dates and with such discounts or premiums and expenses, all as MFA deems consistent with the suitability of the bond market for the sale of securities by MFA. Requests to MFA for financing from time to time in respect of the borrowing authorized under this paragraph shall be made in writing by the Chief Executive Officer or the Chief Financial Officer of TransLink and the Chair of the Board of Directors or in his or her absence or unavailability the Vice-Chair of the Board of Directors or in his or her absence or unavailability the Chair of the Audit Committee. 2. For the purpose of effecting the borrowing set out in paragraph 1 of this Part 2, TransLink is hereby authorized to borrow up to the amount set out in paragraph 1 by entering into and executing one or more agreements pursuant to section 26 of the Municipal Finance Authority Act ( MFA Act ) substantially in the form annexed hereto as Appendix B or such other form of agreement as MFA may from time to time determine (such agreement or agreements as may be entered into, delivered or substituted, hereinafter called the Agreement or Agreements ) providing for payment by TransLink to MFA of the amounts required to meet the obligations of MFA with respect to its borrowings undertaken pursuant to this resolution, which Agreement or Agreements shall rank as debenture debt of TransLink. 3. The Agreement or Agreements shall be dated and payable in the principal amounts of money in Canadian dollars or as MFA shall determine in such other currency or currencies as shall be borrowed by MFA under paragraph 1 of this Part 2 and shall set out the schedule of repayment of the principal amount or amounts together with interest on unpaid amounts as shall be determined by the Treasurer of MFA. 4. The obligation incurred under the Agreement or Agreements shall bear interest from the date that TransLink is provided funds under the Agreement or Agreements and shall bear interest at a rate to be determined by the Treasurer and approved by the Board of Trustees of MFA. 5. TransLink shall raise in each year of the Agreement or Agreements sufficient sums of money to pay interest and principal falling due from time to time. 6. TransLink shall provide and pay over to MFA such sums of money as are required to _1113 CRH 27/03/201228/08/2015

100 - 5 - discharge its obligations in accordance with the terms of the Agreement or Agreements, including all costs of any redemptions of securities by MFA before maturity and the costs of reissuing securities and any refinancing or refunding. If the sums of money provided for in the Agreement or Agreements are not sufficient to meet the obligations of MFA, any deficiency in meeting such obligations shall be a liability of TransLink to MFA and TransLink shall make provision to discharge such liability. 7. The obligations incurred under the Agreement or Agreements as to principal and interest shall be payable at the head office of MFA in Victoria and at such time or times as shall be determined by the Treasurer of MFA. 8. At the request of the Treasurer of MFA and pursuant to section 15 of the MFA Act, TransLink shall pay over to MFA such sums of money and execute and deliver such demand promissory note or notes as are required under section 15 of the MFA Act, to form part of the debt reserve fund established by MFA in connection with the financing undertaken by MFA on behalf of TransLink pursuant to the Agreement or Agreements. 9. The Agreement or Agreements and the demand promissory note or notes referred to in paragraph 8 of this Part 2 shall be sealed with the seal of TransLink and signed by any two of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services of TransLink and the execution by such persons shall be conclusive proof of their authority to act on behalf of TransLink. 10. Any two of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services of TransLink are hereby authorized on behalf of TransLink to do all such things and to execute, with or without the seal of TransLink, and deliver all such other agreements, documents or instruments as they deem appropriate in connection with or to give effect to the foregoing and the execution by such persons shall be conclusive proof of their authority to act on behalf of TransLink. Any two of the Chief Executive Officer, the Chief Financial Officer or the Chief Operating Officer, the General Counsel or the Vice President Financial Services of TransLink are also hereby authorized to sign and deliver any officer s certificate with or without the seal of TransLink required by MFA in relation to any financing by MFA on behalf of TransLink. 11. This resolution shall take effect on the date it is passed and adopted _1113 CRH 27/03/201228/08/2015

101 APPENDIX A Unless this certificate is presented by an authorized representative of CDS Clearing and Depository Services Inc. ("CDS") to South Coast British Columbia Transportation Authority (the "Issuer") or its agent for registration of transfer, exchange or payment, and any certificate issued in respect thereof is registered in the name of CDS & CO., or in such other name as is requested by an authorized representative of CDS (and any payment is made to CDS & CO. or to such other entity as is requested by an authorized representative of CDS), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered holder hereof, CDS & CO., has a property interest in the securities represented by this certificate herein and it is a violation of its rights for another person to hold, transfer or deal with this certificate. SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY (continued under the South Coast British Columbia Transportation Authority Act (British Columbia)) Series: ISIN CA % BOND, SERIES, DUE SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY (the "Issuer") for value received, hereby promises to pay to CDS & CO. as nominee of CDS Clearing and Depository Services Inc. or registered assigns, the principal sum of DOLLARS in lawful money of Canada on the day of,, and to pay interest thereon in the meantime from the day of, or the last date on which interest has been paid on this Global Bond, whichever is later, at the rate of % per annum, in like money semi-annually on the day of and the day of in each year (each an "Interest Payment Date") in the manner provided in the Terms and Conditions attached to this Global Bond. Upon all payments having been made by the Issuer as required herein, this Global Bond shall be void and of no further effect, whether or not this Global Bond has been marked "cancelled" or delivered for cancellation to the Issuer or the Fiscal Agent (as defined in the attached Terms and Conditions). It is hereby certified and declared that all acts, conditions and things necessary to be done and to exist precedent to and in the issuance of this Global Bond have been properly done, fulfilled and performed and do exist in regular and due form as required by the laws of the Province of British Columbia _1113 CRH 27/03/201228/08/2015

102 2 Capitalized terms not defined in this Global Bond shall have the meaning assigned to them in the Fiscal Agency Agreement. IN WITNESS WHEREOF SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY has caused the manual signature and the manual countersignature of its authorized signatories to be affixed hereto. DATED this day of,. SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY Countersigned: By: By: _1113 CRH 27/03/201228/08/2015

103 TERMS AND CONDITIONS OF GLOBAL BOND 1. The Bonds are issued with the benefit of and subject to a fiscal agency agreement dated for reference the day of, (as amended to the date of this Global Bond and as from time to time amended after the date hereof, the "Fiscal Agency Agreement") between the Issuer and as fiscal agent and registrar (the "Fiscal Agent", which term includes any successor fiscal agent and registrar). Copies of the Fiscal Agency Agreement and the form of this Global Bond are available for inspection at the principal corporate trust office of the Fiscal Agent in Vancouver, British Columbia (the "Vancouver Office") or, if the Fiscal Agent has designated in accordance with the Fiscal Agency Agreement a different office in Vancouver, British Columbia for such inspections, at the designated office. The Bonds and the Fiscal Agency Agreement will together constitute a contract, all the terms and conditions of which the registered holders of Bonds by acceptance of such Bonds are deemed to have notice thereof and to have assented thereto. 2. This Global Bond is registered in the name of the nominee of CDS Clearing and Depository Services Inc. ("CDS") and held by CDS. Beneficial interests in this Global Bond are represented through book-entry accounts, to be established and maintained by CDS, of financial institutions acting on behalf of beneficial owners as direct and indirect participants of CDS. 3. Except in limited circumstances, owners of beneficial interests in this Global Bond will not be entitled to have Bonds registered in their names and will not receive nor be entitled to receive certificated Bonds in definitive form. Neither the Issuer nor the Fiscal Agent will have any responsibility or liability for maintaining, supervising or reviewing any records of CDS relating to beneficial interests in this Global Bond or for any aspect of the records of CDS relating to payments made by CDS on account of such beneficial interests. 4. The Bonds shall constitute direct unsecured general obligations of the Issuer and rank concurrently and pari passu with all other unsecured notes, bonds, debentures and other like securities issued by the Issuer outstanding from time to time, other than notes, bonds, debentures and other like securities (if any) which are by their terms subordinated to the Bonds. 5. The Issuer reserves the right to appoint a replacement Fiscal Agent to act on behalf of the Issuer in respect of the Bonds, which replacement Fiscal Agent shall maintain an office in Vancouver, British Columbia. Notice of the appointment of a replacement Fiscal Agent shall be sufficient if given to registered holders of Bonds at least 30 days in advance of such appointment or, as long as the Bonds are represented by this Global Bond, such shorter period as may be agreed by CDS. However, any unintentional defect or failure in the giving of such notice shall not invalidate the appointment of the replacement Fiscal Agent. The Issuer reserves the right to act as its own fiscal agent and registrar at any time. 6. The Issuer and the Fiscal Agent may deem and treat the registered holder of the Bonds as the absolute owner for the purpose of receiving payments of principal and interest and for all other purposes notwithstanding any notice to the contrary. 7. The record date for purposes of payment of principal of and interest on the Bonds will be as of 5:00 p.m. (Vancouver time) on the sixteenth calendar day preceding the maturity date or any Interest Payment Date, as applicable. Principal of and interest on the Bonds are payable to the persons registered in the register on the relevant record date. The Fiscal Agent shall not be required to register any transfer or exchange of Bonds during the period from any record date to the corresponding payment date. Despite the foregoing provisions of this section, for so long as _1113 CRH 27/03/201228/08/2015

104 the Bonds are represented by this Global Bond, payments of principal and interest on the Bonds will be paid to the registered holder entitled to such payments as determined in accordance with the regular procedures established from time to time by CDS and the Fiscal Agent. 8. All payments in respect of interest on the Bonds shall be made on each Interest Payment Date: (a) (b) in the case of this Global Bond, in accordance with the regular procedures established from time to time by CDS and the Fiscal Agent; or in the case of certificated Bonds in definitive form, by forwarding by post, or otherwise delivering, a cheque to the registered addresses of registered holders of definitive Bonds or, if the Issuer and the Fiscal Agent so agree, by otherwise transferring funds in respect of such interest to the credit of the registered holders of definitive Bonds. 9. Whenever it is necessary to compute any amount of interest in respect of the Bonds for a period of less than one full year, other than with respect to regular semi-annual interest payments, such interest shall be calculated on the basis of the actual number of days in the period and a year of 365 days. 10. Payments in respect of principal of and interest on the Bonds shall only be made on a day, other than a Saturday or a Sunday, on which financial institutions are open for normal business in Vancouver, British Columbia (a "Vancouver Business Day") and if any date for payment is not a Vancouver Business Day, payment shall be made on the next following Vancouver Business Day and no further interest shall be paid in respect of the delay in such payment. 11. Any notice to be given to the Issuer by a registered holder of any Bond shall be given to the Issuer by written notice from the registered holder lodged at the Vancouver Office of the Fiscal Agent. 12. The Bonds are not redeemable prior to maturity. 13. The Issuer may at any time and at any price purchase Bonds in the open market, by tender or by private contract and may at its option direct the Fiscal Agent to cancel any Bonds so purchased. 14. The Issuer may, without notice to or the consent of the registered holders of Bonds, from time to time issue and sell additional bonds ranking pari passu with the Bonds in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such additional bonds or the first payment of interest following the issue date of such additional bonds), which additional bonds shall form a single series with the Bonds and shall have the same terms as to status or otherwise as the Bonds. Any additional bonds shall be issued with the benefit of and subject to the Fiscal Agency Agreement. 15. All notices to the registered holders of Bonds will be sufficient if sent by mail or by otherwise delivering a copy of such notice to the registered addresses of registered holders. 16. The Bonds are governed by, and shall be construed in accordance with, the laws of the Province of British Columbia.

105 APPENDIX B BORROWING RESOLUTION DATED THE DAY OF, 20 CANADA PROVINCE OF BRITISH COLUMBIA AGREEMENT SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY The South Coast British Columbia Transportation Authority ("TransLink") hereby promises to pay to the Municipal Finance Authority of British Columbia ("MFA") at its head office in Victoria, British Columbia, the sum of DOLLARS ($ ) in lawful money of Canada, together with interest thereon from the day of 20, at varying rates of interest, calculated semi-annually, in each and every year during the currency of this Agreement; and payments of principal and interest shall be as specified in the schedule attached commencing on the day of 20, provided that in the event the payments of principal and interest hereunder are insufficient to satisfy the obligations of MFA undertaken on behalf of TransLink, TransLink shall pay over to MFA such further sums as are sufficient to discharge the obligations of TransLink to MFA. Dated at New WestminsterBurnaby, British Columbia, this day of, 20 IN TESTIMONY WHEREOF and under the authority of TransLink Board of Directors Borrowing Resolution dated, 20, this Agreement is sealed with the Corporate Seal of TransLink and signed by the Chair and Chief Executive Officer of TransLink _1113 CRH 27/03/201228/08/2015

106 MUNICIPAL FINANCE AUTHORITY ISSUE NO. SOUTH COAST BRITISH COLUMBIA TRANSPORTATION AUTHORITY BORROWING RESOLUTION DATED, 20 CURRENCY: CDN PURPOSE: OTHER DATE PAYMENT PRINCIPAL SF DEPOSIT INTEREST ACTUARIAL ADDITION REDUCING BALANCE DEBT RESERVE FUND CONTRIBUTIONS: DEMAND NOTE CASH TOTAL

107 WHEREAS: 1. On January 29, 2010, the Board of Directors of South Coast British Columbia Transportation Authority ( TransLink ) passed a resolution (the 2010 Resolution ) authorizing the Chief Financial Officer to establish a line of credit in the amount of $500 million with an option to increase it to $600 million (the Credit Facility ) and to establish a commercial paper program of up to $500 million; 2. Paragraph D of the 2010 Resolution provided authority to certain signing officers to take all such actions and do all such things and to execute and deliver all such agreements, documents and instruments as deemed appropriate in connection with the Credit Facility and the commercial paper program; and 3. The board wishes to amend paragraph D of the 2010 Resolution. NOW THEREFORE BE IT RESOLVED by the Board of Directors of TransLink as follows: 1. That paragraph D of the 2010 Resolution be deleted and the following paragraph D substituted therefor: D. Authorizes any two of the Chief Executive Officer, the Chief Financial Officer and Vice President, Finance and Corporate Services, the General Counsel and the Vice President Financial Services (or any officer having similar capacity, authority and functions to the Vice President Financial Services), on behalf of TransLink, to take all such actions, do such things and execute, with or without the seal of TransLink, and deliver all such agreements, documents or instruments as they may deem appropriate in connection with the Credit Facility and the commercial paper program, and execution by such persons shall be conclusive proof of their authority to act on behalf of TransLink. 2. That this resolution shall take effect on the date it is passed and adopted _1 CRH 17/09/2015

108 APPENDIX III

109 To: From: Board of Directors Fred Cummings, Vice President, Infrastructure Management and Engineering Date: September 25, 2015 Subject: Rapid Transit Project Update PURPOSE This memo provides information on senior government funding programs, project development requirements and anticipated schedule for the Surrey Rapid Transit and Broadway Rapid Transit projects. BACKGROUND The Mayors Council on Regional Transportation approved Regional Transportation Investments; A Vision for Metro Vancouver ( the Vision ) in June 2014 and reconfirmed support of this vision in July 2015 following the plebiscite outcome. TransLink is continuing to advance the planning and technical work required to better define the major investments identified in this vision, including rapid transit expansion projects in Surrey and the Broadway corridor. Previous Board reports (June, July, and August 2015) outlined the work needed and now underway to develop project business cases for submittal to senior government funding partners. This memo summarizes these funding sources and their requirements as context for the work ahead. DISCUSSION Typically, large projects secure one-third capital funding from each level of government (Federal, Provincial, Local/Regional). Subsequent work to engage senior government funding agencies has validated this assumption and Management remains confident that federal and provincial funding can be secured for these projects. The following overview of rapid transit funding sources and associated requirements is provided for information. Rapid Transit Funding Sources Federal Funding: Several possible funding programs, all require a P3 Screen, so applications to P3 Canada Fund are first step (Round 7 application submitted for both projects by TransLink in June 2015) P3 Canada Fund: $1.25B over 5 years ( ) New Building Canada Fund NBCF : $14B over 10 years ( ) Split into National Infrastructure Component NIC ($4B) and Provincial-Territorial Infrastructure Component PTIC ($10B) Public Transit Fund PTF $750M over two years, starting in , and $1 billion per year ongoing thereafter

110 Rapid Transit Project Update September 25, 2015 Page 2 of 2 Provincial Funding: 1/3 commitment in place through Province s 10-year Transportation Plan, provided they can be accommodated within the provincial fiscal plan and the investments are supported by a business case Regional/Local Funding: Mayors Council & Province exploring potential sources following plebiscite outcome Sustained Regional/Local commitment to the projects as described in the Vision Senior Government Funding Requirements For the projects to be considered for federal and provincial funding, they must meet minimum thresholds of project definition and justification. Requirements include: Further project design and definition TransLink is currently completing work to establish +/- 30% cost estimates, additional work is being advanced to reach +/-15% confidence Demonstrated project need and analysis of benefits including direct and indirect benefits Procurement Options Analysis to determine appropriate procurement approach to maximize value for money Demonstrated public & political support TransLink submitted funding applications to Round 7 of the P3 Canada Fund in June For consideration in this funding cycle, P3 Canada requires business cases be complete by March TransLink is therefore proceeding with technical work along this timeline. By late October 2015, P3 Canada is expected to announce whether projects have been screened in to that program and/or referred to other federal programs (NBCF/PTF). Requirements for the Public Transit Fund have not been confirmed but early indications suggest there may be more flexibility in the business case deadline. Work Underway Work underway by Translink in close collaboration with municipalities to make sure the projects are investment-ready: Technical studies and reference case design Note this is design for costing purposes only; consultation will inform final design before/during procurement stage Project benefit and cost estimation (+/-15% confidence level) Demand forecasting and modelling to quantify project benefits Developing environmental assessment and stakeholder engagement approaches Financial and procurement options analysis, working closely with Partnerships BC Next Steps All of the work underway will assist in developing a detailed business case to form the basis for senior government funding assistance, either through the P3 Canada Fund, or through the new Public Transit fund. Business cases must be submitted by March 2016 if the projects are screened in to the P3 Canada Fund. The framework for the new Public Transit Fund has not been announced yet, but schedules and work programs may need to be adjusted based on the timelines, once announced. TransLink has secured sufficient budget to get the business cases completed for both rapid transit projects.