TransNet Independent Taxpayer Oversight CommitteeMeeting MinutesWednesday, January 14, 2026 at 9:30 A.m. - 11:30 A.m.SANDAG Boardroom 1011 Union Street, First FloorSan Diego, CA 92101Voting Members Present:Chair Frank Rivera (Licensed Civil/Traffic Engineer)Vice Chair Sunnie House (Private Sector/CEO)Lorraine Ahlquist (Biology/Environmental Science)Jacqueline Appleton-Deane (Contractor/Construction)Maryam Babaki (Municipal/Public Finance and Budgeting)David Santistevan (Real Estate/Land Economics/Right-of-Way)Others Present:Tracy Drager (San Diego County Auditor’s Office) Meeting Video1.Call to Order Public Comments: Chair Rivera called the meeting to order at 9:30 a.m.2.Non-Agenda Public Comments/Member Comments Public Comments: Public Comments: Purita Javier, Cesar Javier. Member Comments: None. Chief Executive Officer Mario Orso presented an update on agency activities. 3.Consent Public Comments: Motioned by:Chair RiveraSeconded by:Lorraine Ahlquistto approve Consent Agenda Item Nos. 3.1 and 3.2. For (6)Maryam Babaki, Chair Rivera, Jacqueline Appleton-Deane, Lorraine Ahlquist, Vice Chair House, and David SantistevanThe motion passed. (6 to 0)3.1Approval of Meeting Minutes Attachments | Public Comments1.Meeting Minutes - 11122025 - ITOC 01142026.pdfApproved the minutes from its November 12, 2025, meeting.3.2TransNet ITOC Member Reappointment and Appointment Process Attachments | Public Comments1.Staff Report - TransNet ITOC Member Reappointment and Appointment Process - ITOC 01142026.pdf2.Att. 1 - Current Membership of the TransNet ITOC - ITOC 01142026.pdf3.Att. 2 - Excerpt from the TransNet Extension Ordinance - ITOC 01142026.pdfThis report provided an overview of the reappointment process for Independent Taxpayer Oversight Committee members as well as the solicitation and appointment process for new members. This item was presented for information only. 5.TransNet Triennial Performance Audit: Completion Recommendations Attachments | Public Comments1.Staff Report - TransNet TPA Completion Forms - ITOC 01142026.pdf2.Att. 1 - Implementation of TPA Recommendations Completion Forms - ITOC 01142026.pdfPublic Comments: Cesar Javier. Motioned by:Vice Chair HouseSeconded by:Maryam Babakito approve eight TransNet Triennial Performance Audit Completion Forms. For (6)Maryam Babaki, Chair Rivera, Jacqueline Appleton-Deane, Lorraine Ahlquist, Vice Chair House, and David SantistevanThe motion passed. (6 to 0)4.Appointment of Subcommittee Member for TransNet Triennial Performance Audit Public Comments: Public Comments: Cesar Javier. Motioned by:Chair RiveraSeconded by:Maryam Babakito appoint Sunnie House, Jacqueline Appleton-Deane, and Tracy Drager to the TransNet Triennial Performance Audit Subcommittee. For (6)Maryam Babaki, Chair Rivera, Jacqueline Appleton-Deane, Lorraine Ahlquist, Vice Chair House, and David SantistevanThe motion passed. (6 to 0)6.TransNet Proposed 2026 Bond Issuance: Refunding Overview Attachments | Public Comments1.Staff Report - TransNet Proposed 2026 Bond Issuance Refunding Overview - ITOC 01142026.pdf2.Att. 1 - November 17, 2025, Memorandum from PFM Financial Advisors LLC - ITOC 01142026.pdf3.Presentation - TransNet Proposed 2026 Bond Issuance Refunding Overview - ITOC 01142026.pdfPublic Comments: Cesar Javier. Chief Financial Officer Dawn Vettese presented an overview of the proposed 2026 bond issuance. This item was presented for information only. 7.Adjournment Public Comments: Chair Rivera adjourned the meeting at 10:55 a.m. No Item Selected Attachments (0) | Public Comments (0)This item has no attachments.1.Meeting Minutes - 11122025 - ITOC 01142026.pdf1.Staff Report - TransNet ITOC Member Reappointment and Appointment Process - ITOC 01142026.pdf2.Att. 1 - Current Membership of the TransNet ITOC - ITOC 01142026.pdf3.Att. 2 - Excerpt from the TransNet Extension Ordinance - ITOC 01142026.pdf1.Staff Report - TransNet Proposed 2026 Bond Issuance Refunding Overview - ITOC 01142026.pdf2.Att. 1 - November 17, 2025, Memorandum from PFM Financial Advisors LLC - ITOC 01142026.pdf3.Presentation - TransNet Proposed 2026 Bond Issuance Refunding Overview - ITOC 01142026.pdf1.Staff Report - TransNet TPA Completion Forms - ITOC 01142026.pdf2.Att. 1 - Implementation of TPA Recommendations Completion Forms - ITOC 01142026.pdfThis item has no public comment