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TMSEL Board of Trustees Appointment - Jesse Evans
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DESCRIPTION: TMSEL Board of Trustees Appointment - Jesse Evans |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
recommendation
Recommend appointing Jesse Evans to the TMSEL Board of Trustees.
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ISSUE/BACKGROUND:
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Through a succession of legal actions the New Orleans Regional Transit Authority (RTA) owns 100% of Transit Management of Southeast Louisiana, Inc. (TMSEL). During the time that TMSEL operated transit services in the New Orleans area, it created a Pension Plan (Plan), which funds employee and retiree benefits for former employees of TMSEL. The TMSEL Plan Board of Trustees operates to monitor the operations of the Plan’s funds, along with other designated powers. The RTA is pursuant to the Plan, required to appoint four administrative trustees to the TMSEL Plan Board of Trustees. The term of a member of the Board of Trustees is five years.
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DISCUSSION:
N. Sundiata Haley was appointed by RTA to the TMSEL Plan Board of Trustees more than five years ago. RTA now needs to select a new administrative trustee for the TMSEL Plan Board of Trustees. RTA staff recommend Jesse Evans to the TMSEL Board of Trustee seat formerly held by N. Sundiata Haley for a term of five (5) years.
FINANCIAL IMPACT:
None.
NEXT STEPS:
Upon approval, Mr. Evans shall serve as the RTA’s appointee on the TMSEL Board of Trustees.
ATTACHMENTS:
1. Board Resolution
Prepared By: Tracy L. Tyler
Title: Chief Legal Officer
Reviewed By: Tracy L. Tyler
Title: Chief Legal Officer
7/17/2025
Lona Edwards Hankins Date
Chief Executive Officer