Good morning, Source readers! If you detect that extra bounce in our step it’s perhaps because the first full meeting of the Metro Board of Directors begins at 9 a.m. today at Metro headquarters adjacent to Los Angeles Union Station.

If you’re in the neighborhood, feel free to stop by and watch. Meetings take place in the third floor Board room and are, of course, free to the public. Sorry, no reserved seating and no popcorn!

The agenda for today’s meeting is above or click here for the pdf.

There’s a lot of business for the Board to tackle with approvals needed for the purchase of 550 new buses and several other contracts for planning or community outreach on transportation projects.

The Board is also scheduled to consider whether to continue planning efforts on second and third decade transportation projects — here’s a post about that — and also consider a motion to abolish the $3 maintenance fee on FasTrak accounts to use the Metro ExpressLanes. Here’s a recent post about that issue.

For those who want to listen to the meeting — sorry, the meetings aren’t webcast — please call 213-922-6045. I’ll also be updating The Source throughout the day.