Transcripts For SFGTV Transbay Joint Powers Authority 21116 20160216

No communications. Next item next item item for new and old business i have some new business one of the thing thats been going on at the board neglecting has been the required review of our officers. So, at the next meeting were going to have that closed session and at the next meeting is just what we talked about how to structure that review. That will bein terms of agenda planning thats going to be on the next agenda. Okay next item item 5 executive directors report. Good morning everyone. So, every first four Board Meeting of the year i always present all vehicle shreds of the prior year. This case 2015. And all we plan to do in 2016. This is a really for the benefit of our new board member director gee so we conceived of could work with them. The various things we presented by the 2015 milestones and a couple shirts. Our disadvantage Business Report as everyone knows thats very important to me. Our funding report. Our Community Outreach reports. And i plan or 2016. So marka Program Manager will present this item. Good morning, directors. Happy new year. As maria mentioned, the content of the presentation includes the milestones the College Transfer 2015 as well as Committee Outreach and what we have planned for this year. Starting with the design, 2015 but the fifth will year a Successful Operation of the temper a terminal. We continue to strive to meet and exceed our stakeholders needs as well as our customers expectations. In 2015, we welcome the amtrak as a new tenant. That allows us to expand our services and also enhanced our operational revenues. Also, the temporary terminal is a key link during the part transbay two shutdown in august and september, would you recall parts close the transbay to do some work and some of that load shifted to the temporary terminal. In the temporary terminal was successful. For the design, we continue to finalize the design. We completed the design of the ip network. Its one of Percent Completed in december and so the specs were reviewed here we also finalize the pricing and scope for the overhead contact system and the control system for the muni bus plaza. We continue to work with the pg e and San Francisco Public Utility Commission to bring permanent power to the belgian as part of quitting a coronation work and we continue to work with our neighbors. Connections to the park and also some of the work were doing on the sidewalks so were on the same page with them and the construction activities. As you recall, we awarded packages last year. These design packages involve quite a bit of design coordination because we had to review the design work, expedite approval in order to maintain the schedule so quite a bit of design work for these packages. And the design Team Continues to request for information and take question from bidders. One Important Note in coronation, last year was coronated the mechanical electrical and Plumbing Systems for phase 1. We have the mechanical electrical Plumbing Contractors on board. The design and assistance for phase 1. We want to make sure what theyre putting in their does not conflict with any future elements we might incorporate in phase 2. So the design team worked closely with them with her layout to make sure theres no conflict as we come in to phase 2 to complete the systems we need for phase 2. So we can do that without removing the phase 1 systems. The board awarded 13 fans packages last year. More than 292 million. For the bus storage, we received budget report in april. We issued project specification and estimates in september. And we started evaluation with caltrans and the cost estimate with caltrans. For our archaeology work, we drafted the first volume of the archaeological resource reports. For the Transit Center. This report documents investigations we did and the findings, and this is a three set volume. Volume 1 is completed. We hope to complete the other two volumes this year. The bus ramp we completed the report and we continue to work with our neighbors regarding the reDevelopment Parcels. We are obligated in our agreement with the state historical officer to be able to courtney that work for the wii Development Parcels and were doing that the block five, seven, and eight. For phase 2, we release the supplemental environmental document in december. We had a public hearing last night and respect receive the comments february 29. We also work closely with caltrans on coming to an agreement with the platform height between caltrans highspeed rail. I do it imagine the board was instrumental in getting the partners agreed on common heights. It was tough to make it happen. We also initiated a phase 2 delivery option study. The reason the purpose of the study is to look at the funding constraints we have for phase 2, status of the work, scope of the work, and determine what would be the best delivery option for phase 2. We hope to share the results of that way. This year with you. We continue to work wi colleagues in the city on the rail yard alignment study. And provide them with the Technical Information they need for the study. We worked with mtc in support of the phase 2 cost review. That was done in november of last year. If you recall, mtc to the cost review of phase 1 and phase 2. The next 34 slides also you the results of phase 2 of the mtc review look at the scope we have. We shared with them the cost spreadsheets we have. The bottomup estimates we have. And they did their own schedule analysis to drive at their conclusion and the next life ill share that with you. We will start by going over the history of the budget for phase 2. If you recall, in march 2008, the board approved the budget for phase 2 for approximately 3 billion. This budget was based on topdown construction methods for the Transit Center among mean that the Transit Center will be built and while the Transit Center is in operation phase 2 will commence until the train parks underneath the Transit Center by excavating the Transit Center. In may of 2010, we successfully were able to secure 400 million in funds. That enabled us to do the bottomup approach, which we shifted between block scope to phase 1. Allows us to build the drain box is phase 1. That was a very important milestone because you moved quite a bit of risk from phase 2 and reduce the cost of phase 2 by approximately 100 million by our estimate. So, thereby the budget for phase 2 was reduced to approximately 2. 6 million. That budget is based on a Design Delivery method and i assume construction will begin in 2011 and continue operations in 2018. Between 2008 and 2013 we continue to update the work on the btx and phase 2. An update estimate, update the scope. New scope was added in 2010, 30 design for the btx was completed in the bottomup estimate was developed. In 2012, at the 50 design for the train box set out is completed for the bottomup estimate was completed. In 2013, we share the estimates with the board and this is a breakdown of the estimates. Using the base Construction Cost is about 21. 8 billion. We included across the twin 69 dollars for design contingency. The purpose of the design contingency is to cover scope gaps between the 30 design that we have any 100 design. We also included 131 million in construction manager for total Construction Cost of 2. 1 billion. We updated updated right away cost a stunned recent prices. We also included 182 million in the program reserves. This estimate also assumes delivery method and assumes your operation of 2024. As i mentioned we did a thorough review of the schedule and other items. We look at six main items. We look at our schedule compared to the schedule they developed independently and concluded that sevenyear schedule that we have in our budget is sufficient. We also looked at the indirect cost markup although overhead assumption in our estimate was 26 , they agreed that percentage was sufficient. For the escalation, we assumed 3 escalation interest to me. That escalation rate is based on the cost price index for construction for 10 years. Its also based on what california is using. And mtcs longterm range of plans is using. The cost review by mtc recommends we use 5 . 5 is more in line with caltrans user for construction projects. We also increase the contractor of the resumed just 5 , to 10 . We assumed a 5 based on comparative beds and i have a healthy market conditions. Mtcs conclusion was, based on experience, we have on phase 1, and the complexity of the job, that we should assume a 10 contractor fee. Our assumption was also based on us offering aside into the contractor in order to attract a number of bidders. The construction budget contingency we assumed 23 . Mtc suggested we use 27 . Mtc review the scope and they pointed out three main areas that the scope is not included in the asp. These are listed on the slide totaling 58 million. They asked us to look to increase this item adding another 22 million. We assumed townsend street would be fully closed what were doing the tunneling. They came back and told us we should assume we have to maintain traffic there. So, that would add again 22 million. At that the work would be included in the design contingency we have set aside of 20 6 million. We also have a trackback maintenance of way tracks right away in that scope was introduced to us in 2015 by caltrans when they reviewed the supplemental administrative costs environmental document. So thats why its not included in the estimates. They also asked us to consider including 1. 85 million for temporary lip relocation. We assume some utilities be protected in place. Mtc suggested we may not be able to protect all the utilities in place. We will have to relocate them back and they put an estimate of 1. 85 million on that. The scope will read this covered by the design contingency. In conclusion, increasing escalation grade from 5 from 3 to 5 would add 433 million. The fee from 5 to 5 would add 100 million in contractor fees. Increasing the contingency from 24 , to 27 would add 93 million. So, that would add a total of 684 million. The mtc cost review they suggested we add the bart muni pedestrian connector. The bart muni pedestrian connector is not included in our estimate but is included in the environmental document. The reason is not included is when the 20 was done for the btx, we want to connect the Transit Center to buy. This alternative variant scope and cost. Moving forward, the alternative will be considering is connecting twostreets according to mtc reports that alternative is to cost between 123 million. So, based on mtc review, there cost estimate review suggests that the phase 2 cost is between 3. 8 and 4 billion. Moving forward, for the cost review, once we complete our delivery report, delivery options report, we would update the project to include the new scope that was discovered. Remove the old school that we no longer were we. Refresh that based on todays market price. We have the quantities based on the bottomup estimate be done in 2010. We need to refreshwe were fresh based on todays prices and we escalate it. We also need to conduct a Risk Management assessment review identified some of the risks we have, quantify them put a price tag on them and update the estimate accordingly. With that, is there any impact or does any of this work, the cost review with the deliberate review informed at all the supplemental environmental document . Something such as the traffic decking would presumably change your traffic profile during construction just as one example. I would think there may have been things that were in the report or things raised in discussion the might of the informed some tweaks to the entire mental document . To my knowledge is limited and thethe supplemental the supplemental document were iterations of the previous 2004 document. The particular item you pulled up was in the original document. Some of it was left out because i might in fact, we were going to build the townsend underground station on caltrans when. Therefore, we were not in townsend street. The supplemental document has moved it back into townsend street to enable development in that area. Therefore, that needs to be added in. It was addressed in the supplemental documents. Where moving back into the middle townsend street nothing else can out of the whole cost of review process . I know they were looking not just the cost of some of these construction method issued. Nothing that came out of that thats not covered including the environmental click we not change the root. Therefore this is the samethese are variations that required mainly by highspeed railroad caltrans which are operational requirements. They are not changing the method of construction. The entire mental document was very clear that even if at the 2004 time that we would not go out of our way to disrupt people. You cant do that. So that has not changed. We have to keep traffic moving. We have to keep noises down. As much pollution as possible down considering were doing and underground job. I dont see any big changes that came up. The meeting last night had no questions about that either. It was fairly smooth public meeting. Thank you. The scope items came out of the cost review. Mike, when are we going towhen this is bored looking at the summary potential adjustments to phase 2 cost estimate and consider when whether or not we agree with them and will put them in the budget . Yes. I like to finish the delivery report and present that to you. Show you the options because if you look at the different delivery options, studies have shown that if you go from a design build to design that you would save approximately 4 . If you go from a design build to ayoull save another 4 . So, in theory if you take a 3 million we have estimated right now and you go to a design build, evidence 2. 8 million. If you go to phase 3 that becomes 2. 6 billion. So, what we need to do is finish the delivery study present that to you. Refresh our estimate. We need to take our estimate refresher to todays prices versus escalated from 2010 prices. As moved. We need to reset it. Maybe sometime later on this year we can present the findings to the board later on this year . Yes we would like to do that. We just need to is all conceptual as you said . We would update our cost based on the scope that we shared with you on the scope items. Any outcome of the process for scope adjustments will include that and will present to you that full picture as we have it today. I mean, i dont get behind the curve on this. Theres a lot going on in days do that we have to start planning on. Absolutely. Part of that planning is to adjust the budget whenever you need to adjust the budget and you seem to be conceding here that mtc has some good points, at least 2. 5 3 million with a good points and bribes that should be done fairly early . Dereferencing which the summary of potential adjustments. You said, yes some of the things we were not following mtcs suggestions. They did a thorough review and for the escalation we would solve that by refreshing the estimate with todays dollars and estimate 5 moving forward. Thats not an issue. The feet adjustments we have to think hard to go from 5 to 10 . The reason i say that, theyre getting 100 million of fees based on the 5 . They would get 200 million of the based on 10 . That additional 100 million we probably could do some outreach, have a stipend to pay them to bed and if we get four bidders, we dont have to take it to 10 . So there some studies we have to do to alleviate that. On the contingency, going from 24 phase 2 when im percent just bumping up percentages. We need to refresh and police percentages i just think would be great to get the opinion of the board and the Advisory Committee on some of these notions rather than way to go that much further down. Because these are abstract notions that you have of how we can do this and you need not wait too long before you can get it sent to the board. I agree 100 . I just want to present you the information. This informationi would like to give you the most recent information to to make a more informed decision. Will do that later this year. With that, alternate over to our Construction Management team. To discuss instruction accomplishments. Good morning, board numbers. Im very excited to show you with the college mens work instruction for this last year. You have seen this graphic. This to have them here that steve rhode has shown in his monthly updates. I put them sidebyside to show you the comparison to the top one being january and the lower one being december. It is interesting when you look at january 2015 we were still talking and this is a very good graphic that we been using but i think this really tells it. 2011, 12, and 13 were focus of excavation. 2014 was a lot of focus on concrete. Report almost 100,000 yd. 3 of concrete in the train bus. 2015 is indicative by these pictures of what happened in the 12 months out there in a few. Its unbelievable progress. A very dramatic. A lot of instant gratification we put steel in place. Its been very gratifying to the point that this is 2015 has been truly the year of steel. Was a very good progress. Now, at this point were over 99 done. Theyre essentially just welding for the most part. We are topping out ceremony that will go into that was just about a month ago. Very exciting and its 225,000 craft hours. Justin steel alone last year to get all this material off. Almost 25,000 tons, which thats about 55 boeing 747s. Each one of those ways about 900,000 pounds without payload was 450 tons. So nobody has to do the math. Theres a lot of work out there. A lot of castings. The machine is completed. They were delivered. On the steel that was offsite fabricated with delivered. All onsite basket consult on. Steel was fabricated at seven different sites. All on the west coast. I still came from the east coast for the most part. Casos came from the midwest in louisiana. All delivered last year. We completed other milestones we talked about going over firstrate also fremont street. July was a loca put together there that was installed during 2050. Some very dramatic architectural features that when in place. We did do other work besides steel. We did complete the train box lower walls, lower con crop course slab is compute the Foundation Walls between the lower cars entry box which we call with three and four are just about there. And theyll lift itself is 40 getting close to 50 on. It was about 20,000 yd. 3 of concrete still poured in 2015 which the signet significant but overshadowed by all the steel. Other items. The decking overall concrete decking on all that steel, when we install those layers the mezzanine, the lower concourse, the bus back, they can get concrete or steel decking. The mechanical electrical plumbing and the Fire Protection as all been roughed in inessential zone and it really just is hitting 2016 will be big. Although fireproofing has started in the lower concourse area. Cmu walls started being installed. In stairs. Theres a picture, another local hayward fabrication site. Thats where our stairs are coming from. About 24 of those throughout the building that looked beautiful after your fantastic quality in all the projects showing up. Jumping over to the bus ramp, the bus ramp project going from the in the upper left where connection to the bay bridge, lower right to the ansit center. A lot of work by harrison street. Its been retaining walls and such and we go over fulsome, commenting howard as part of the project. This graphic shows the least where most of the work has been to date. Frame for is the cable state. Thats the one that goes over howard street. So, as part of the divide inspection which is the box grade section, the holes were all installed. The entire structure was out of the ground in 2015. Also, all the false work for frames one, three, and four which go over fulsome and howard were installed so we can reach that bridge construction of stems which is because the bridge itself is done into bars. You pour the columns than a stem and then you could deduct on top. Although work progressed very well on the bus that. Then on the cable state itself, the pylon 9 is the ctr. Tower is rising out above howard street. Thats the god of third lift in. Were there to get forth with nursing. There are seven saddles for the seven cables. Eventually to hold up the cable state. There showed up and you can see them in this picture. The saddles, how they are portrayed. Above the retaining walls about the Percent Complete which are mostly upright with this picture shows by harrison street. A lot of utilities were really good. We talked about that throughout the week. That was done. He started installing the conduit for permanent power. Thats a very important milestone coming this year. Clear box 5 as well. Of all the remaining utilities so the properties could be transferred over. Over 400 workers were onsite image every day out there. Tremendous workforce. And it is going. It will grow tremendously by q3. We see a spike. Over 610,000 trade hours were performed during the entire year. Which, about 1. 9 million to date and then there really shows in this graphic even showing for a while now is by fourth over 13,000 jobs now throughout the country truly a biomedical price we touch 29 states. We have 21 to go. We wanted it all 50. Theres no work stoppages were labor shortages so that shows to our pla has kept us working very soundly. Veterans outreach has been very strong working with the city builds, united contractors are really trying to connect the veterans with an actual job participating in the mantels with the marine corps down the camp penalty and a career fair at. 180 just to help in the recruitment efforts for veterans. Contractor outreach. Utilizing all the chamber of commerce about the bay area providing contact specific kind of Technical Assistance and provided support for the compliance with sp 854 where any contractor that is registering and try to bid on public works have to register and do other labor compliance theyre certified payroll online. So that was assisting them through that the Small Business. Then, to really drive it home, we had the administrator herself, maria and her suite from the United States all business and ministration visit and give a presentation and a strong supporter of the team and especially our executive director for Small Business. We recognized by 14 member Small Business network and ultimately tryingthis is eventually focusing on access to capital for sps which tried to get them paid as soon as we can. We try that recently tried to expedite what we can in our monthly payouts. With that, i turn it over to sarah to go with a program wide accomplishments. Good morning, directors. So, as you know, we updated the baseline budget for phase 1 and you adopted an interim budget in november which allowed us to do work on construction packages and keep the construction schedule moving forward as needed. Other funding of, since we had our program wide, schmitz last year, the committee facilities district performed last year legislatively approved and the committee benefits district has actually been holding its first meeting. We had three landfills closed in 2015. Block nine was in february for 43. 5 million, block five in september, one 72 million and block eight in december for 71 million government. When i working closely with the office of Community Investment and infrastructure who, in turn was with the Tax Collector to make sure these three properties get on the rolls is copious possible start generating our net tax increments. A funding oversight continues. Mark went over the mtc cost review. San francisco county Transportation Authority was also involved in that review and resisted both agencies providing information continued regular routine reporting to all of our funders including fta and fra. We then annual report that we file with tfa and in december we presented our financial same estate which once again was an opinion on this Risk Management fund, we can do have this Management Committee meetings and keep our risk register updated. Twice last year we set with fta and fra to do a refresh of the Risk Assessment. Actually, updated the Risk Assessment in september along with the risk register and that allowed us to incorporate the risk analysis into those budget update for phase 1. On the dde and Small Business enterprise front, we continue to have, as dennis just mentioned with the Small Business administrator visiting, we continue to have a Strong Program im a particularly a strong sbe program or the life of the program so this is since 2004. 329 million in awards to small and Disadvantaged Business Enterprises and today, 169 was 169 million to payments to those businesses. For our professional services contract, you can see a majority of the subconsultants are sbe firms and 13 prime consultants are also sbe. Then, on construction, you can see the majority of the subcontractors all Small Business enterprises and we are quite proud of that. A couple firstyear subs spes as well. On the funding set, last year of course in january we close on the interim bridge loan with Goldman Sachs and wells fargo. We also received various grant allocations throughout the year. Ac transit passing through the security grant that they usually do along with some other state prop proposition funds primary funding construction and concrete package. We were successful we had a couple of years ago received a sixmonth dollar grant, the one bay area grant. Its a federal fund that are routed were awarded through the local agency mtc. We needed to do a transfer from federal Highway Administration to federal transit and ministration breast to access these funds so we were able to get all that paperwork completed this year. Those funds are available to us and will be used relatively shortly on the civil site work package. Proposition k this past summer to Fund Continuing Program Management and construction measurement oversight cost. As we mentioned the committee facilities district was approved. Theyll provide funding for capital cost phase 1 and of course phase 2 will be the largest investiture of the funds and the cbd provides funds for operation and maintenance of the rooftop park. This year, 2016, we are working very closely with the city on financing for the remainder of the phase 1 budget. We would very much like to redeem or repay the interim bridge financing this year and we will continue to seek funding for both phase 1 and phase 2 from discretionary sources. Fta, dhs, etc. With that, i will hand it over to scott. Hi, good morning, directors. With construction of the magnitude that dennis was describing their of course going to be impacts to this running neighborhood. To it quite a bit easy year terms of the meow region 2015. We of course continue with bimonthly Community Meetings open to the public, third wednesday of the month at 12 pm noon. At our office. We continue to distribute our weekly tenday construction located that no goes to nearly 1500 recipients every single week. We continue to have a 24 hour hotline 415409 tj pa. Any member of the public defender . Concern about anything thats occurring on the site, they can call that number any time of day. We continue to do our quarterly newsletter which is an opportunity to highlight project milestones, construction project progress, that no goes to over 2000 recipients every quarter. Of course, continue to do dozens and dozens of sight towards every year about 16 2015 to Community Groups, business organizations, trade associations, students, media, a wide range of visitors. We also use our website as an important outreach to. This past year we added a new page specifically focused on Supplemental Environmental Impact study that you heard described earlier that shows visuals and gives detailed Background Information on all the components being studied. We also continue to build out our transbay page which ill talk about more in a minute. Then continue to other updates to the website including our program timeline. The cornerstone of our Committee Outreach is the targeted outreach we do to the neighbors around the site that are being most directly impacted by the project. So, this includes things like the bus ramp work the very significant amount of bus ramp work that we had in 2015 and thats of course the different Geographic Area than the main footprint of the Transit Center. Its far to the west and to the south crossing howard and fulsome street. Given geography, different neighbors. Given buildings being impacted. We also had quite a bit of targeted outreach related to the steelwork. You can see the bottom of the slide something within proud of each year am going back to 2011 in the last six months of 2011 we had over 100 complaints. Each year following the full 12 months of 2012, 2013, 2014 we been able to continue to reduce that number. We did have a slight upset uptick in 2015 the overall number of complaints, but were proud of that small but uptick was because 2015 was by far, the most of minute significant year in terms of impacts to the surrounding neighborhood that was particularly in terms of the steelwork. One of the major challenges we had with the Steel Construction was we had to bring that steel over for street and fremont street to the busiest streets in the entire bait area. Given how busy those streets are, the city understand we do not want to close them during the day. You can put steel in place with cars and people going underneath to enter that work etiquette which its metal on metal work. Which is not. Its many nights a week for many weeks and are oh. So we did a lot of targeted outreach, particularly to our residential neighbors. Of course using all the mechanisms i just described and also special notices and special Community Meetings with real one mission in particular to let them know what was coming up when was can happen, with the duration was going to be and everything that we did to reduce that duration as much as possible, and all the medications we put in place to as much as possible reduce the amount of noise that was generated. We feel quite proud that although her over number of complaints did go up, it only went up a little. I think thats a testament to the hard work from our pr team and Senior Associates as well as the Construction Management team and our contractors at web court and skanska. We did get a lot of positive recognition for the project over the course of 2015. Object executive director was honored by the golden gate business of association in terms of outreach to the lgbt business community. She was also awarded as an influential woman in business by woman construction owners and Executives Association and recently was named one of the top 25 newsmakers of the year by engineering news record. We also continue to numerous conferences, forums, panels in the city and around the region taking every opportunity we can to update people are promised but also the questions whats happening with the project. You see some of those listed at the bottom of the slide. I mentioned earlier were continue to build out the transbay page on the site. This is where we do interviews and highlight the work that specific individuals on the site. Interview them about their work, their background, their role in the project. What they learn from the project and what their expenses have been did we added three new profiles and 2015. One on the Steel Construction we profiled our interns from this past summer and also profiled to the veterans working on the site. We continue to try and strengthen and increase our social media presence. Using that as a tool to reach all of the stakeholders impacted by the project. In 2015 we were able to weather double our facebook likes to over 4000. Similarly, with instant ramp we increase it our dollars to over forget we had a good increase of twitter followers we have. We see some exit about we use social media to show progress could you see pictures of the still construction to highlight design and sustainable features like the light the went in this past summer. Then, to also highlight strong Media Coverage we get. We did get a good amount of pure positive Media Coverage in 2015. I mentioned earlier that the station engineering news record maria the named one of the top 25 newsmakers of the year. We also had good strong coverage of some of the successes that sarah was just describing in terms of land sales and also the legislative victory we have with the formation of the greater rank on benefit district. Also cover stories in the chronicle, the Business Times, with a profile piece on abc seven news of the topping out ceremony the last piece of steel was put into place. Along with magazine cover stories mass transit magazine and also the magazine of the urban land institute. So, in 2016 of course continue to utilize all those outreach tools to highlight the big milestones we have coming up this year. Of course, finishing up the remaining steel a simile work, the welding. The bus rams on schedule to be completed by the end of 2016. We are going to course beginning to work on the building exteriors and then of course, beginning of the placement of the awning and we are going to have an event in march to get that off and unveil the awning and of course be working with Senior Associates to generate as much Media Coverage as we can propose a copper shims. With that and then turn it back over to i believe, tomorrow. 2016, four 2016 will be issuing the ip id packages and award them by june. Also, issue for a good or awarded the committee of red contact system as well as some of the remaining our work that needs to be done. For the bus storage documents are being completed right now. The consultants are putting together a 1 construction drawings. Based on the comments received on the 95 johns. We should be in a position to advertise this project by the end of this month, beginning of march. Before we do so, though we need to come to an agreement on the funding for the lease from caltrans for the parcel. Thats a discussion that were having with how trans. Caltrans is asking for 1. 6 million a year to lease that facility and we need to have an agreement in place how to format these before we move forward with advertising the price. That can be the big milestone for us to achieve in order to move forward with the bus storage facility. The downtown extension, as i mentioned, were getting public almonds and support the fda to issue a record of decision. Finalize phase 2 project delivery reports, refresh the cost estimate presented to the board later this year. Continue our coordination of partners with highspeed rail and caltrans fta and fra. Program why, we presented to you last year a draft phase 1 budget. We hope after the financing is worked out we present it to you a final budget for approval. This budget was approved allows us to award the things i mentioned. The it network, and the muni contact system get we also several rfps to be drafted and to be issued. One of them would be the drafting of the rfp for Security Guard services. We also will continue with our Risk Assessment update and complete our archaeological work. We continue to participate in the bart capacity stud. The report should be coming out in the next Second Quarter of this year. We are part of the team reviews the report and provides input. We will issue an rfp for the Telecom Services for the bill. As you see the rp and operations right now. With that alternate over to dennis to complete the presentation with construction. Im going to bring this home now. So, in 2015 was obviously very busy year. Week lives along at about 21 million a month approximately. 2016 is going to be far exceed that. By 23 we project will be anywhere between 3540,000,000 a month when we get into q3 and q4. Its going to ramp up which includes resources on site. Drain box walls entering boxwood will be complete. The welding and steel will be done. Structural steel will be done. Other waterproofing roofing and closures of the building will be at least commenced because really the most were the larger milestones ashley and 2016 is getting to water tightness. Very important milestone. Especially for everything below the bust that. Which includes waterproofing, placing, any kind of enclosure. Its very important. Beginning the insulation of the w awning. Thats right after our event early march by late march would start seeing panels hanging on the structure. So thats coming together. Site utility the 12 service we insult another important mouse only have to hit by the interviewer is permanent power which is all tied to water tightness and permanent power to get us moving forward. Thats why q3 is an important and q4 are very born highgate months in 2016 moores were doing up. By production rough in walls and continuing this out. Bus ramp will essentially be done. From the standpoint. All the structures will be completed and probably be able to utilize it for construction access as needed. Everything will be done. Well have a cable stayed bridge about how is. So where are we can be next year in 12 months . This provider this graphic and gives you a feel with the awning in place, the cable stay, you got the glazing, some of the awnings, so the skylights everything that 20 start looking you look very close to the structure the Transit Center we been envisioning and all those graphics. So thats 12 months from now. I do want to take a pause. When we did this 12 months ago, the picture on the right rendering is what i said where we would be in january of 2016. Look at the picture on the left and thats where we ended up. So, its going to be a very busy year. I appreciate you listening to us. Thank you and i end it would attribute to the hardworking men and women that put a lot of effort towards this last year, construction on the Transit Center. Thank you very much. Do we have questions . Jeff . Is the new board member i want to congratulate everyone on tremendous progress. This is not a simple project not being done in a simple place. A lot of ongoing activity. Following german harpers comment about phase 2, as we get into looking at numbers and things like that one of the things mentioned for me was a schedule. The numbers we can debate the numbers, but sadly tied to the schedule and when that item does come back eventually well be looking for is numbers, the schedules, the sensitivities to the schedule or the numbers whether deescalation or delay in and alignment with contingency to those risks that are then identified. So, i dont want to get into that discussion right now, but they all have to tie together. Knowing how complex phase 2 is, because its a broader Geographic Area, delays in this Business Time is money and if we encounter a twoyear delay is one level of impact. If its a tenyear delay is another level of impact. So those need to be all tied together so that we can make sure everyone understands the impact of change when it does happen. Director, we will do a robust risk analysis that would incorporate the risks including the risks to delays and so forth. Director, we had done actually update to the cost and provided a schedule at some point not too long ago to our board. Where we literally had all the schedule that showed starting construction in 2015. The right time is money. Under proposition h voters have clearly stated that we are still the extension of crowd fans into the Transit Center probably and devote all resources to it as quickly as possible and get into the station as quickly as possible. The station opens at the end of next year. We wont have the rail in their. We want to make sure the rail commences as quickly as possible and proposition h mandates that. Thank you. I would join in commending theres always a great overview but particularly with regard to construction august. I think that first slide by slide photo you showed speaks a lot to a much was done this year. So, i think its been a great year in terms of construction and getting moving forward. I know schedules may be a little bit off we certainly have budget challenges, but the construction is i think proceeding extraordinary well which is great. The one question , aside from issuing the rfps for the master lease and the security, are there any other rampup activities within 24 months of full operation . Are there other things that staff were the team needs to be doing starting in 2016 two start positioning ourselves to cut the ribbon and have the buses are related . Certainly the master and getting making sure we know were doing in terms of programming evidence to make sure the facilities activated thats critical. We talk about that and an excitement terms of timing in terms of we need to do what we need to do. Bringing security on board will be another element for the rampup soon reopen the station with the appropriate level of security, the type of security to make sure the facility is safe. Those are really the two critical ones that we see bringing the operations to the board or the boards input and guidance. Things such as when the station will open, when the park will open, when a park closes, etc. Those will be critical as well. The retail component, security component, and what the concept of operations will be antito that, obviously, the ultimate budget for the operations and maintenance. Make sure we have a bus budget sort of facility opens we have money to operate and maintain it. Those are the critical elements between now and opening. Whats the timeline for the operating budget . Were looking to bring it to you in march the operating budget quick looks as well. Great. Thank you. I have a couple of questions. For the eir completion thats out there, he said february 29, is that when the Comment Period closes . Yes has the city and county of San Francisco commented on it yet . Received comments from caltrans. Got to speak the microphone. Weve been meeting with City Planning Department and im expecting written comments from sf its been out since one quick looks 28. So its really just been out a month really . Yes. And things are moving ahead study. Im expecting the same comments from caltrans and highspeed rail as well i put the notes down that at least, i think we should get an update on that phase 2 mtc analysis no later than june. It just shouldnt go any longer than that. I would like to for planning purposes no problem. My only issues once we figure out the financing because i want to make sure all the money we have readwith construction. I would like to wait until we find financing as i moved your knowledge need not be perfect to report out. Ive no problem with same still dont know this or that. But in june, no later than june, i think my concerns need to be addressed with that. Because thats the foundation for phase 2. It will be our point director, would like presented . With my people become too much. Was visibly would like us to present . As much as you can no later than june get i dont want to delay. I could think we can meet its time we can do some estimates those are all my only to questions and comments. Good report. Thanks diy thinks that for the tremendous work they do on a daily basis. We are a staff of only 13 and its remarkable what we do. I also want to thank them very much for all their hard work. Managing all the consultants that we manage. Great job, everyone. Mark, dennis, sarah, nella, scott all of our team members. Thank you. The next item is are constructing updated steve will give quickly. Good morning, directed. Yes, quickly. It was a great actually we were last before you in the summer so this covers the last 60 days or so, but a lot of progress with the highlight being the topping out of the structural steel in the beginning of january. Thats what it looks like now as of the end of the month. We put a new slide in the. Those pieces of decking left out by the completion of the welding. The overall schedule, our target is still the end of 2017. And were still tracking these two specific milestones and start adding to this as we complete these, the big effort right now is on the structural steel welding completion and continuing on the concrete. We expect the welding to be completed in april, late april, and the concrete, this summer for the most part the exception of poor backs and small items. We change the status graphic to give you a little different view. Those are the 34 above ground levels and the colors represent areas being worked on were completed as far as deck pours. You can see how thats progressing. Obviously, we started the contractor start everything in the center and is working both directions. The big effort now all get into at the avatar. Heres the contingency site if you have any specific questions on that i can address those questions separately if you like. We could complete as dennis said, 610,000 in 2016 without about 3. 6 incinerate on recordables and a very low lost time incident rate. The team is to be applauded the progress made above the air which is not as good in that does fit into the National Averages in the state and what weve seen the work of several types. January was seven 8000 hours and no incidents recordable or lost time so far. About 2 million craft hours overall. The cop was on the project. The western zone the focus is finishing the structural steel welding which is late this month, february but hopefully 19. All those welders will join other welders working on the east end to push that through and be completed in april. Rbc, concrete work is following. Central zone, its into the rough in. The fireproofing, the stairs, and actually starting to proceed with normal construction operations outside of stealing and concrete. In the eastern zone, of course, the steel erection was completed january 8 and the trestles all gone and welding is a big focus their. As they progress as they complete the western and into the east. Just a tally on how were doing. We are over 90 feet on the fourthfifth walk and down in western. Groundlevel tax 40 complete overall. Activity in all areas seem with the bus level and the roof level. Mostly as you can see the central zones are 100 complete. Just some quick photos to give you some perspective. That upper left one is the north west corner of the project you conceal the decking for the eyebrow for. Rapport was completed this week. The welding is continuing at west end and hopefully completed by the third week of february. Give you a shot of the ramps. The vehicle and bicycle ramps and outcomes in underneath the futurethe bus ramp and the bridge. And those north forklift was being worked on in the southwest corner. Its an overview of that central section were all that concrete is complete. You can see the four scalp walls and parapet walls and the other photo gives you some the idea of the rough in and fireproofing continuing. Other areas of work in the central zone board deck pours proceeding. We have now have a bus crash rail in place starting to emplace a couple hundred feet up on the bus that. The last time we spoke the progress was through the end of november so that travesty wasnt of course by being of january. The sku is complete and significant milestone. Just some shots of the topping out party traditional final beam the flag and the tree and what a great barbecue they put on for all the workers. It was really a celebration for all those hours was craft hours put in by the steelworkers throughout the last year, year and a half. Its been a great site to see. Just a mother eastern zone activity. Theyre getting into the deck. The continuing the welding. That upper left in photo shows one remaining piece of the time of the trestles how tight it is another super bowl is over theyll get back in there. One plan was to do it over this long holiday weekend. I think thats still in the works to remove the dress and put a final beans and prepare for the final concrete. Bus ramps, work is proceeding. With a couple deck pours with a First Network we had stem a pours that is looking south from this from the structure from the pylon to the bridge. Next that port is later this month on the 13th and continuing to work in all areas of the ramp and bridge. The abutment up by the bay bridgeand there is the deck for form were going in and of course the first deck for going on the right photo. The next 29 days of february, discontinuing what is going on to complete the welding in the western zone move the forces down to the eastern zone to finish that. We are actually starting the w1 exterior on in nodes and ive got a lot of other small items on here that i want toits not just about steel and concrete. Weve got a lot of other activities going on. We start to talk more and more of those. With the 60th to 90 days complete the forklift while on these trend. Start actually seen some of the awning assembly upon the building. Hopefully, by the end of april have all the structural steel welding complete. The labor breakdown continues some early as weve seen before the number of coming out of the counties and areas that Transit Center will service is now much greater than when we started and really proud of that San Francisco number over 16 . The apprentices, the same 27 of all the premise hours a coming out of San Francisco residence. Overall, about 3500 workers have touched the project. Any questions . One comments. I got made this at the last meeting. It would be great i mean always have powerpoint on our computers. It be great to get these things im always conflicted between looking at what i have just been handed as i sat down and tried to figure out and listening to you. Listening to everybody else. So, i dont know unless theres a good reason why we cant descend these powerpoint presentations on friday with the rest of our agenda, it sure would be good to do that so that we could figure outotherwise its very distracting to go back and forth. Try to figure that out. These presentations change they can change thats on. Between friday and the following thursday. I dont care but the 95 that doesnt change the 90 that doesnt change, would be great to see a little bit at a time so on the weekend which is when i have some time to really digest what these are. Then, the construction thing, what would be great to hear on top of the this and this and this, is a slide maybe the last slide with your top concerns. Here are my top concerns right now. Make it a list of three, four, five whatever you do but it would be good to hear as well as the sort of stuff what it is that you, steve, i most think about right now. We can work on that. Any other questions . At. Thank you for the report. It sounds like were not to be able to bring back the steel completion any further at this point but im glad google is still holding. The next big one is the above Grade Concrete decks which target was june, currently showing in august. Is there any opportunity to yes. There looking to do the schedule and its about additional formwork and additional hours. Extra crews. So that is all being discussed right now. That would obviously , pull those dates back if we can implement some of that. So, i would think we would know more about that by the next Board Meeting. Theyre working on that right now with all their trades, opportunities for improvement. Absolutely. It looks like theres been about 5 million of change orders since said i have a list of the big ones. The rooftop steel, alternate was taken there was electrical that was required to be installed for the trailer move because the relocation off the lot five so the lot five cell could go through. Link redesign. Ms. Linnaeus structural steel revisions. Just the last coding added to perimeter walls to beef up the waterproofing upon the park level. Things like that. A lot of miscellaneous other ones. Finally, i guess perhaps after the rest of the questions we have for steve, back in november we had authorized bring in some Additional Resources to provide some support and oversight for deck construction and i think it would be great to hear from an outside perspective how things are going. At the next meeting . Now. Now would be great. Okay, jeff just one followup question. I would just suggest given the pace of construction is going to increase, i heard, what 20 million going up to 30, before you. Wary of slide six we have the contingency summary that the team considered since the board only meets on a monthly basis having a line item about your forecast. Where are we headed . So the board is not surprised. We cant keep up with the pace of construction, and so if youre forecasting the number some great right now that youre estimating or forecasting 100 million in change order potential, thats a problem the board needs to be aware of and reacting proactively rather than trying to catch up. Are there any other questions . Thank you very much. We have the project Labor Agreement and the monthly investment transaction report coming up next. I think this might be a good time to have our construction oversight resource. I would agree while were on that discussion. Not sure if youre asking is a question of what . , asking if we give mr. Alameda a sure. Have him address the board. Good morning Board Members. Thank you for the opportunity to address. I wasnt quite prepared but as a matter of state your name is a matter of introduction any news on alameda. The Program Manager with the department of public works for San Francisco. In terms of background, im wrapping up the new year billiondollar San Francisco General Hospital project it will be moving in patients come may and ive been , since the november action here with this board, ive been invited to join the team and begin due to understand the project. So, with that invitation, beginning this year in january, i have been engaging the tj Pa Project Team , joining them in construction meetings and also trying to understand all the different layers of complexity with this program. There are many layers in terms of finance and administration and construction. I am pleased that a been welcomed well and i hope ive contributed already and some of the strategic meetings in terms of trying to mitigate some of the schedule and get us back in the time frame. I have also taken the opportunity to meet with some of the finest partners. Ive met with the fta and mtc as well as the sf cta. Trying to understand what their concerns are, their perspective, their expectations. A lot to absorb in the last few months. Im encouraged for the future to have a Strong Partnership with the executive director and the team and afford some of my experience having spent the last 16 years delivering nine digit budgets. I hope to bring some insights and some other perspective to the program. With that, ill take any questions. I have one, ron. With the purpose of scheduling future agenda, the resolution would pass said you going to report independently to the board. So, should there be on the our agenda and item of that report . I believe so. I think we should develop an opportunity for me to speak to my engagement good i would also encourage the board, as i mentioned, i have been received well. There is some ambiguity on roles, responsibilities and authority that i think need to be clarified and i would encourage the board, by way of mou, or resolution, to articulate a little clearer on expectations and those roles and responsibilities. How is that to take place . Hows that mou to be formulated . I need to work with the executive director or a liaison with the board or id rather not try to do the mou in a vacuum, but i think we do need to clarify responsibilities and roles, etc. Is it possible to present something at the next meeting about that we want tothats your main concern what do you want to have happen at the next meeting . Some articulation from the board preferably on expectations of my engagement. I can present some thoughts. I work with the staff and executive director on some ideas on how public works responsibility rule or oversight will dovetail into the current structure of the program. Okay. Thank you. Nice to meet you. Dennis. Good morning again. Although the project Labor Agreement for q4 of 2050. This should be a very short presentation because in summary its going very well. I go through the administration, the progress and the report. Ill run through those quickly. We held our 16th meeting on december 17 going through the progress. Veterans and apprentices and talk about labor. Labor has been no work stoppages. Waiver has been met and they were for recordables in the fourth quarter. No lost time during that period. Summer internships, this an exciting time. Were getting the word out looking for to having the students back this summer. So that process has started. Itll be about six weeks this summer. If anyone knows, we are definitely welcoming to any of the rising juniors and seniors in high school in San Francisco to come join the team. Last to see specially in this 2016 construction year. The guardian veterans, homeless to hardhats is move forward and show their efforts person, nicholas weathers, that we have someone to work with directly. He works with all the trades. The unions out are working with alice to hardhats so they can start making those connections. Direct entry from a Partnership Program sensors. The court has also citied ultrafine a list of San Francisco based veterans. So you can get that list refined wants to work and vendor working with united contractors to get them into positions. So that some of the web core work theyre doing. As i noted the our reach throughout the country were around the state and in various employment meetings, transitional housing and representative at the tj pa has joined the a punish and counsel. Lots of work there. Adults, hes now the multicore craft corporate, is going to the next level. They are working on an agreement with the School District to take what theyve created with the program and now link it to a Partnership Programs. So going to the next step. The rest of the union about what their heavy pressure programs. So, with that these numbers are all very similar. We are holding our goals that we are above articles for all the bishops and is been no issues with that. So, that is my very short very good all news is good kind of report. Any questions . Rates. In the interest of the time unless the directors have any questions on the monthly investment transaction report, i just have a couple of last things. We have our application now available for sudden summer student Internship Program. Theyre available on our website. Theyre due april 8 and the paid Internship Program would commence june 13. I cursed High School Students to look at that. Last, as was mentioned earlier, we sent out invitations in doing ourselves a firm date of march 7 at 10 am to celebrate the installation concerning the installation of the beautiful penrose exterior awning for the station. Well be inviting the borders again at march 7 10 am of course the public is also invite. That concludes my reports. Thank you. Thank you. Item 6 is the citizens Advisory Committee reports and we have. Directors, we are going to new members joining the citizens Advisory Committee now in march. I will retire with the expiration of my term. Its been an honor to serve on this committee, both as member and more recently, as chairman. I particularly want to thank all of you and particularly chairman harper for allowing the committee to report regularly to you. Its beenive tried to represent the committees opinions each time. I hope, in retirement, however to stay involved with the committee, the board and the project and hope to become involved in writing a history of the project. On behalf of the committee, like yourselves, i really want to command staff as well as all the construction workers on these reports that you have heard. Obviously, during our term when hes speaking before us, there is much bigger this discussion on the finances and on risks involved and on the impact of the second phase. I think when mark began speaking with us he had much more hair on his head. But we certainly have appreciated all of his comments. I think you saw with dennis i remarks, it was an astounding year that we had and this history needs to be told. We are particularly impressed and grateful to scott, whose outreach to the community on and of course we are the community Advisory Committee, whose outreach extends so far beyond us and really represents you so well. Its very very impressive indeed. Of course, we always appreciate steve bringing us monthly updates. I thank you for the honor to serve and look forward to working with each of you in the future. You have served well. Thank you. Item 7 is Public Comment an opportunity for members of the medicine the public to address matters that are not on todays calendar. [calling names] good morning, matters of the road. Jim patrick. I seem to be a contrite person here. We have done a great job so i dont go down what were doing. I think theres two major things. I call the boards attention the examiner today transbay tube times two. Theres a whole new thinking about the transbay tube to connect San Francisco to the east bay. Good news. Bad news. This board has been derelict in their duty in talking about that. No Design Effort has given to that. No thought has been given to that. You wont find it mentioned in the Environmental Impact report. You wont findwere selling properties in the way of any title going forward. We think were doing a great job. I think were missing the boat. We should be taking a leadership for connecting to this fabulous terminal that we built. Where are we on a . We are no place. As near as i can tell from everything ive read. I think that is wrong. The board needs to discuss that make a decision is up. What is the boards policy about connecting to the state . By joe, hivpositive. I believe that ive no reason to believe that. Number two, we had a ross article about some of the policies within this board and im surprised it wasnt brought to the boards attention to what are our policies and how should we respond to public gaffe like that . Do nothing . Thank you. Back includes members of the public to want to address. We can move to your consent calendar. We are almost considered to be routine we act upon a single vote. Unless a member of the vote request in which matter shall be removed and have not received any information. Your items are 8. 1 approving the minutes of december 10 and 8. 2 authorizing the executive director to brenda National Service agreement for Financial Consulting services for an additional two years with no additional competition. We did rectors, any motions to pull or approval as is . Motion to glasses moved and seconded. Dr. Gee aye kim aye reiskin aye sartipi aye harper gutted the consent calendar is approved. The next item with your right item authorize my executor finalize an issue master lease last proposal. The recommendation to procure nancy to operate a managed Transbay Center including its retail and other problem. As a reminder back in december would present to the board and public recommend structure in terms to select an entity to operate and manage the transbay Transit Center including its retail and other programming elements. The board requested at the time of peerreviewed to confirm the recommended structure to the process of appropriate models. The peer review was conducted with individuals recommended by directors reiskin and harper. Marco deluge our Program Management team and ship routine from hr will provide a brief update regarding the rfp schedule, may group rt and the peer review process in the back which concerns the recommended approach. Mark. Good morning. Allstar with giving a brief update on the rfp process was conducted since december. Candidate accepts an end with a video of our commercial platform. As maria mentioned in december we presented an rfp to you. We received comment in december based on the comments we conducted a series of Community Group meetings in a peer review. Today we will present that feedback to you and with your agreement, we plan to release the rfp and late february. Regarding the Committee Meetings we met with our cac back in december. After the Board Meeting in december we met with six Community Groups. Met with a greater week on hill averaged a support south beach ricardo Mission Bay Neighborhood association, s. F. Chamber of commerce, is a beautiful, San Francisco Advisory Committee and in the near future will meet with San Francisco Small Business network. The peer reviewers, recommended by both german harper and edward reiskin. John updike, todd wilford, director of the San Francisco office of economic and workforce development, shall measure as if associate Deputy Director for rent management and byron read tipperary director of Planning Development for the port commander robert moser is a pd and peterthe peer review process started on januarythe peer review process started on january 8 would provide the Peer Review Panel the draft master lease and a poor presentation for their review in preparation for meeting on january 20. We met on the 20th. We presented the master lease rp to them. Had a discussion period today period. Net all comments. At the end of that meeting requested any further, to deliver to us via email by the reviewers on june 25. We receive those comments. We updated the report. We sent them back to the review committee. Received additional comments on separate second did we revise the port at those comments as of the final report to the peer reviewers did we revise the port at those comments as of the final report to the peer reviewers on february 25. Based on the feedback peerreviewed research to buy the report and findings. That the master rfp is appropriate. Ill take you some more detail of that. Good morning, directors. My name isive been working with the tj. Over the last eight months. Cover them with a Market Outreach and structuring and dropping an rfp for the master lease. Sentiments, the master lease structure and the bed next to us in terms of the rp schedule and show you a small present marketing video on the promotional platform. The master less muscular legs with bt gpa. The Transit Agency the greater recon cbd and other stakeholders and we have enumerated four goals for the master lease as part of its master lease structure. The first goal master must operate a clean safe and wellmaintained Transit Center offering a worldclass transit is so. Must have High Standards of operations and maintenance for the benefit of all the users of the Transit Center. The second goal master pussy with older a Visionary Program that reflects local character and contacts. They need to have a vision for the Retail Program , digital program, and events program. They need to experience necessary to execute up. The Transit Center will have many many great new public space. The rooftop park, the grand hall, the public passageways. Book arts. We want to make sure the master not just maintains and operates these spaces, but also make sure theres a highquality abusive experience for all users of the Transit Center, which will include commuters, visitors to the area, residents and workers. Finally, we have to ensure that the master these are maximize the id. At value of the Transit Center back to that tj pa. As mark mentioned, we went to a very intensive peer review prospered the Peer Review Team concluded and agreed the master lease structure was a probate structure for privatizing the facility. We see three major benefits from the master lease structure to this. The first one is the master lease would bring private sector capital to the project which includes not just initial tenant improvements but also ongoing capital maintain and capital renewal. Number two, this project will require significant amount of expertise by justin retail leasing and management, but also open Space Program promotional platform, public Space Programming and management of the facilities. We believe that a master lease structure would bring those expertise under one roof. Finally, with the masterly structure does is it reduces tj pas burden. The deal structure that we envisioned incentivizes the master lease or to reduce costs and capital costs and we believe that tj pa will still control while reducing the risk profile in this project. We have done or the last seven months starting august a very intensive Outreach Marketing and outreach for this opportunity. We start with over 40 firms in the last few months to understand, to garner their interest in the rfp. As i mentioned before, this master lease rfp requires a number of different expertise areas and we reach out from our marketing outreach to Retail Developers and managers, promotional platform managers, open space managers, and facility managers to understand what their interest and concerns were as part of responding to this rfp. The process included development of marketing materials and the which included plans for the facility showing very clearly with the opportunities were for retail open Space Management as well as promotional platform. We had telephone calls and in person presentations we also did site chores around the construction areas so we could inform the respondents but the construction progress as well as the general vitality of the neighborhood. The scope for the rfp calls for four very very specific things. We are asking the master lease to provide for the fit out leasing and management of the facility wide retail space. The master lease will also be responsible for development and operations of a highquality promotional platform, which includes advertising assets, name rights, sponsorships public and private events. The master lease will response for the management and production of public and private events and finally the master lease will be responsible for managing the facility the maintenance and capital improvements. As mark mentioned, we went through a cutie outreach process starting with the meeting in december. Following up with a series of meetings in the middle of january. The communities groups provided feedback on three key topic areas. The first one was retail. We got some gut feedback to the neighborhood is under retailed and a lot of the retail assumptions close early. So those are real focus to make sure wouldve the Retail Program was the facility cater to a multitude of segments, residents, workers, transit users and visitors. The results of the feedback from the Community Groups at the Retail Program should include quality and innovation offerings including a mix of local owned regional and national items. We got feedback on rooftop park operations. I think two elements over here is the fact that needs to be actively program and open to the public and number two, there should be very specific conditions and requirements in terms of hours of operation and number of private events that we held in the park. All of which are detailed in the rfp that we plan to issue. Finally, in terms of the master struck mute lease structure the comments got back from the tomatoes should be held to a High Standard performs according to tj pa relations in a vision for the facility and its our intention to the master lease negotiation process to establish performance standards. In the event they do not meet this performance standards have remedies such as liquidation etc. In terms of the Peer Review Panel feedback, i think the main take away is that the Peer Review Panel agreed with the recommendation that the master lease structure will be appropriate structure for the facility. We also agreed that separation and security from the master lease scope was appropriate. Just going quickly down the list, retail concepts they gave us some of the feedback as we got from the Community Groups. In terms of the Retail Programming should be, should address diverse needs and different customer segments and should have flexibility and use. The commercial space. The Peer Review Committee concurred the rooftop park was a tremendous asset purchase of the facility but the neighborhood as all. That should be open to the public and operating hours and number of private events and things of that sort must be carefully negotiated with the master lease with input from the Community Groups and the cbd. They agreed that the revenue and expense categories that outlined in the rfp and theres a pro forma is going to go out with the rfp that potentially master lease will have to complete and thought. Where appropriate. In terms of the rfp process, it was a question raised about the Market Outreach thats been done so far as part of leader to the rfp. We discussed the approach we took to the Market Outreach. This either show you before where over a seven month or not we talk about the grooms entities we met and we believe weve done a very robust market approach and time is right to release the rfp. We are, as you can imagine concerned about when the facility opens theres retail activation, commercial platform activation, and theres not a whole lot of time left in terms of negotiating this master lease and a green and given the master lease significant onto the all the tenant improvements, to get the facility activated by the time it opens. Finally, we had feedback and input on phase 2 and the use of the lowerlevel space. The peer reviewers understood was significant complexities in the use of phase 2 space. Right now, but they also recognize that as an option we put in the rfp that we would encourage master lease to think creatively on the phase 2 space and from a financial perspective we consider those options. I love mark talk a little bit about some other possible activations of the phase 2 space. Last month i told you previously were make the train box usable for operation the following systems have to be incorporated. The vertical transportation stairs, lighting, fire sprinklers can you speak into the microphone are sprinklers, it telecom systems, security systems, finishes, ceilings, floors, walls and tenant improvements. We asked our visitors go back and look at what would it mean to activate 60,000 ft. 2 of retail and public circulation space and how to support that. The second dr. Pugsley 89 million to incorporate those systems into the lower Court Concourse alone. The tenant proven buildout would be about 5. 7 million. So the total investment would be about 95 million. We did did quick analysis in terms of just understanding the master lease vested 95 million what would the master lease shall be in terms of a return on that investment. Using a very very conservative 7. 5 we think the master lease will grow every 7 million of annual net income to make his investment work. We look at the 60,000 ft. 2 of retail the amount of revenue is probably going to generate is going to get a discount because its below grade on what exists at street level, the cost required to operate and maintain this facility, its a much larger lower concourse, of course. 50,000 is a small portion of that. We concluded that this investment would not be worth the master lease sort of financial nevertheless, as i mentioned in the last part of this rfp we are sort of putting in a description about the phase 2 space and lowerlevel space and inviting master lease respondents provide proposals if they see any benefit in financial benefit inactivating the space. Just to quickly wrap up on the master lease structure. This a summary of the proposed master lease deal structure. This again is something that we described carefully with the Peer Review Committee. And they agreed on a framework. The notion is that the key gpa will enter into a longterm master lease with the private master lease her. The master lease or will provide operations and maintenance and capital replacement for the entire facility. The master lease will pay a fixed rent. Bill Revenue Opportunities with the Retail Private events, still provide a fixed guaranteed rent back to the g gpa. We also have this notion of a participation on. As episode becomes more more successful or paperback of time, and as the master lease it gets higher and higher revenue thresholds, the tj pa will be will to share in some of those oxides over the course of the master lease. Period finally, the master lease and the tj pa will Work Together to propose annual operate budgets and look for fiveyear Capital Budgets. From the tj pas perspective, they will pay the master lease a management fee. There are significant components this facility which are mostlywhich are primarily public areas and the bus deck, the ramps, portions of the rooftop park with her not revenueproducing opportunities. So the tj pa will revert reverse based on the annual budget on expenses related specifically to those public areas. Finally, as i said before the tj pa will share in the cost and savings for these annual budgets and fiveyear Capital Budget that the master lease proposes. We fully understand that all the revenue and the cost just on the master lease arrangement might not be enough for the longterm operations of the facility and there are public Revenue Sources , tax increment revenues which go to facility renewal is, cbd funding from when amtrak runs, that can also be used to make sure theres enough funds to run the facility. Quickly, in terms of anticipated next steps, we started our engagement with the tj pa in terms of scoping structuring the opportunity and drafting the rfp in june of last year. We came to you in december for the board of eating to be give you an update on rfp process. We are here in february requesting approval to release the rfp by the end of february. If that were to happen, we would give the master lease respondents about two months to come back with their submissions which is the end of may, beginning of june. We hope to have about a 69 month negotiation selection and evaluation selection and negotiation with the master lease and come back to you in the First Quarter of 2017 for your approval for the master lease agreements. Now, this is a small video which promotional platform. [video] this video will be presented to all the bidders any questions . Thank you for the report and thank you for doing the peer review and allowing that voluntary alternate to the lower concourse. This more about cleanup item. Looking at the timing of everything in the holidays, the staff report says it is our understanding that the peer review report enters the masterly structure is appropriate and then it was reported that the Peer Review Panel concurs. So, i think from my perspective, would be nice to see a memo to the board in the next months package that documents the Peer Review Panels conference just for a record. I know when a packet came out in the Peer Review Panel looked at theres all the timing thing. Just a formal memo for the record would be helpful 10 years from now. Written by . Whoever. Just a member by the board that the peer reviewers concur. So we have it in writing from four of the six and verbally from to. Will try to include three of them are poor but we can do that just rearview window looking it would be great to have that all that lined up. Agreed. Do you have anything . We are going to thank you for the presentation and the emphasis on High Standards. Who on our side will be establishing with the standards are to make sure that we get the service that we want to look at at the statement i have vivid memories of the old station. I know the city builds many facilities and appears down the way we dont have enough service. When you put out an rfp they can tell you in all kinds of stuff. So who sets the standard on our side on what the expectations are and what can be needed to maintain the facility so that when we are checking were reviewing proposals we know were getting were asking . Great question. Ill start and maybe mark can join. As part of this process is only part of the one of the resources will have available to potential master lease respondents is very detailed what i call Operations Manual manual for the vessel. Which describes line by line by service item what are the things that need to get done, to keep and maintain this facility to those High Standards. Our expectation is, when you sit down and have selected master lease to gold very carefully through that document to make sure that their staffing plan lines up with very clearly and lines up with thosewhat we believe is the way the facility should be run. So, can we see that standard would get an idea what that standard is that youre asking for so that i mean some of us have experience in this area. I would like to just know. We actually have it part of the rp. One of the indices so we can supply that talking to you at a time correct. Its can be at the entirely discretion of the board to come to approve the contract and in the contact will a that as well requires what we want and the level. Tommy thomas or day whos doing what type of staffing, all that yes the expectation is that all that information in that documents and we want to share that with perspective respondents, so they know what it would take to maintain and run this facility the way we would like to maintain and run this facility. My question has has to do with the numbers presented here today. What was that based on what you saw . What type of was based on activity about 180,000 ft. 2 which which import as what . As retail. So we had to pick something without retail ismo generates the most revenue. About 65,000 ft. 2 would end up about their and with our footprint we can activate all space because our exiting in phase 2 is to the east end so we can bring online about 180,000 ft. 2 and 60,000 would be the Retail Revenue generating portion of it. How is that communicated to the potential vendors are people you try to attract i guess showing people the site . Its not really describes because we dont know what the use should be. We can provide plans for that but would it be weve no idea what theuser bring theoretically a smaller for friends but in our study even if you spent 25 of the additional Construction Costs we anticipate would still take them until 2026 two breakeven. I would recommend we get it out as much detail as we can. Especially in the situation were trying to get funds to support this project. That there might be opportunities here is not coming across clear in the presentation. Just on that last point, my question related to that was why 60,000 . If theres 185 to work with while we focused on 60 . To the plan we currently have in public circulation space and in that concourse theres a lot of backups equipment mechanical rooms and things like that. We could bump it up to 120,000 ft. 2. To generate revenue and if it did cost them to build it 89 million they would turn a profit at least for 13 years of operation i guess director nuru point out we wouldnt mess it would be limiting them were not limiting him to anything good as the directors of these are smart people. Spotted on a soap they can propose anything us and generates revenue and if we can sure where all fort likewise on the all on the balance i recall in december when you should do some graphics there were what appeared to be red relatively small areas of some of floor places available to retail. Are we prescribing putting parameters around or giving them opportunities to bring that same great creativity to the balance of the building as well . The opportunity use the space for whatever purposes they want and they define whats available . Spitz correct just backing up, i want to commend the staff and the team and the prospect it was like its been very good and thoughtful process and is director gee said i think the outreach invalidates your approach that adds credibility to the project. Its a good model for other things that we do in this agency. So, i appreciate that. So, and i appreciate you summarize the feedback was. What i did not get as clearly is how that feedback and are incorporated into the rfp . If you could speak to that that would be helpful sure. I can speak to that. There are five pieces that we think based on feedback from the community and the team that will go into revising portions of the rfp. The person we talked about and try to explain clearly the flexibility in terms of the lower concourse in phase 2 as well as the constraints in terms of what they need to do. Both from the Peer Review Committee as was the Community Groups, we got feedback in terms of permitting requirements. Specifically for the rooftop park. We need will have to go back and make sure that it is part of the rpm part of the supporting documents were very clear in terms of weather permitting requirements for events on the rooftop, but also some of public spaces would be grand hall were some the other spaces in the facility. While the comments one of the comets we got back was to make sure that we sort of communicate the ability of the master lease and the master lease subtenants to work with the oewd to connect with local businesses and that is a description the section will include in the rfp. The fourth is again, this is something we heard both from the Community Groups and the pure creatine, providing clarity on what was included in the park protocol framework. Opening hours, number of events, currently there are some parameters that was a when the puck is going to open and when the puck is going to close including the rooftop park restaurant which is open for longer hours. So well go back and take a look at those parameters to make sure theyre consistent with some of the feedback we received so far. Finally, the last piece on this which is not really as part of the arctic process but not part of the rb document, is that if we do get your approval today, we have a brief 2. 5threeweek window to reunite marketing efforts. We want to go back and do a very very intensive portion next to have three weeks before the rb releases to make sure we read all the interest received from some of the interest. I think my core substantive concern withthink the structure seemsseven validatedreading is a good approachbut my core substantive concernand relate to some of the feedback you got, one of the goals, not unreasonably, maximize economic value of the Transit Center. I see potential for conflict between that goal and the desire that i think of these members as these polices whole board has stated as well as what you are from the peer reviewers and community for some local serving local flavor retail. I appreciatei think you said there was some contractor. The lease or must work with oewd to in that doesnt seem Strong Enough to make sure we get a mall full of change was in the middle south of market which i think would be a shame and would not be live up to the stature of this facility. So, i guess it makes me wonder, is there a way to put that much more explicitly into the rfp in terms of either the limit on percentage of the retail acme National Chain or minimum something that is beyond just go talk to folks but is more Firm Requirement so that we dont get a big mall full of chain stores . We share your concern director reiskin. A couple of thoughts on this. One is, there is in the evaluation criteria process, i think one of the things thats we have seen other places that its not as important of a locally owned businesses with the quality locally owned businesses. Which is part of a holistic retail version. So, we have in terms of our evaluation criteria, put in points for not just local businesses but overall Retail Vision which incorporates local businesses. Weve seen a lot of places where they have had and whats happened isand so that those retirements on pigs make sure local and checking out the box. I think for us and everyone we have is the focus on larger Retail Vision making sure that local businesses are meaningful part of it. The second thing i will tell you, in all the Market Outreach that weve done, and all the people weve spoken to, everyone has said how important local retail is for them to start thinking about the vision of this project. They told us, everyone has said, we think the way to make this project different from what is from the neighborhood, different from other parts of the community in other parts of the city, is to make sure locally owned businesses and local retail is part of the fabric of this project. So, i feel just hearing back from what ive heard from the way we set up the evaluation criteria, i feel confident that way we structure write this in with the feedback we are getting that there is a conflict of interest from our perspective from a public perspective as well as what were hearing from the private perspective. That is not to say if you do have selective master lease or to selected this lease were competing with each other, and were going to focus very much on local retail and making sure the tenant in strategy they have which will need to share with us, is going to be robust and have a strong innovative local components. I guess i would suggest now be interested in other Board Members have thought, i hear you theres a qualitative review and of standard alone might not be adequate i would suggest we do both. Both to make sure we get the right outcome am a but also to make it really clear as this goes out the door kind of what our minimum standards or requirements are going to be. So, i would suggest you consider putting in some sort of numerical requirement that would be complemented by the qualitative review. I hear your point. We want quality local. The market may change over the course of the next year as the economy changes and i think it so critically important to this facility to not just be any other mall but to really be a special San Francisco pl. A special San Francisco pl. I would suggest we include that in the rfp. The promotional platformthis is far outside my eyed area expertise. To me that billy was somewhat scary and creepy. I do have a little bit of concern that were going to have a facility that feels like times square but on the inside with a unified overwhelming sensory overload from a single large company. I dont even want to say the names. Even every turn Walking Around this facility were investing a lot of money into the architecture of the artists overwhelmed by images and graphics, corporate logo, i think that could really detract from the facility. So, i guess that the comments. I dont know how to type in what i would recommend in terms of changing that. I dont know. That video was a little bit frightening to me. Two more quick questions. You spoke to this a little bit in terms of the deal structure that theres a fee we are painted them. There is rent they are paying to us. This potential for cost sharing. This money going both ways. Maybe this will come into focus morbidly get to the operating budget next month, but it sounds like you are saying you dont expect the next to be positive from this deal so that it wont be selfsupporting even though it includes not only that scary promotional platform, but i think it includes potentially sponsorship about whatever kind of Sponsorship Opportunities but with all that we still expect it would be a net flow to the lease. I think from the project overall, with the inclusion of those additional public funds director reiskin, i understand with the public funds but im saying without the public without the public funds, are since right now is in terms of some of the numbers were looking at that sort of thinking back of the envelope theres going to be just with the deal between the tjpa and a master lease that might be a deficit. I will tell you my experience those deficits tend to be more they are in the initial years and as we go along, the curve starts matching up and summons the revenue curve is even higher than the cost curve. I fully expect within the first several years i cant tell you how many years its going to be whether its going to be there is a deficit on the private side, but i also expect depending on how long the master lease a structured overall this might be something which balances out over eight period of your what time are we proposing . Were not proposing a two. Raskin the master lease in terms of a business term to come back with. We expect given the amount of effort will need to do this project, the very public project if you know what i mean, to operate this facility not of capital that might have to put in on ongoing that it will ask for a longterm lease on this project. The way the revenues flow in, the public source revenues looks like completely segregated from the balance so that should the tjpa in the future want to finance based on the Revenue Streams they would have a tax exempt yes. Thats one of the things being worked on and talk through right now. Last question. Do you anticipate having a review panel for the review of the proposals . Yes we do anticipate that. We have not yet looked at with that conversation would be but we happy to take any of your suggestions. I mean between the peer reviewers and maybe some of the folks participated in the outreach process you may want to select folks to have some expertise or particular interest in this okay, thank you. I would suggest including the Small Business commission on the peer review. I think given what director reiskin said. We cannot just suggest local businesses being included having us the intentional. Otherwise i think we may get into a place where we dont have a good mix and it wont be successful if we are not a little bit more prescriptive of what we would like to see. One of the things was mentioned earlier in the meeting was that dont yet have a notion of what our operating costs are. Now, what was proposed the next few months we would. So, is that something that you will be building into your negotiations . Yes. Okay now weve got enough that we know we like to cover as much as possible and do that. With respect to those negotiations, youve got a six month per back there that is pretty critical. As that period winds down, the master lease or is going to gain more and more elaborate. You know that exactly so, it seems to me that you either have to haveyou have some sort of builtin mechanism to counteract that because its going to be in their interest to delay those negotiations. So when other things you could do isand weve seen this happen on some properties that weve been involved withwhere everything is fine until you start getting down to the nittygritty. One of the things you could doand i dont you could just consider this, consider having a dual track with these two parties and maybe be confident that they wont be for what they call when they Start Talking to each other colluding. If youre pretty confident there wont be collusion, then youve got builtin leverage to say, okay, that may be what you want but think about it. Give the hands of that. Otherwise, you have to somehow built into that sixmonth period some sort of mechanism by which you can hold him. I dont know how you are going to do that. Its tricky. Im sure youve been through it so, but i just lease is for living. Its one of the things i do and i know how it goes between attendance in the landlord and whos got the power. The other thing that again disturbs me a little bit on the video the video is a phase 2 video. Pretty much. This is what we are going to eventually achieve. Well otto to talk about all these people coming in from the surrounding bay area counties and everything. I think youre going to have a problem. Some of the legal problem as to what you disclose in this rfp in terms of what the timeline is for the buildout. I dont think you should load them with the preready excuse of saying you did disclose information that was critical to their decision and having them go tothree months down negotiations all of a sudden say if you just told me you had this 510 year gap we wouldve thought differently about this. So, i think youve gotyoure going to have to do something in the rfp because ill just throw some statistic. Im going to do my best to do my agency pouring as much energy into transbay writing as possible. That has to be done for a lot of different reasons. Bart is overcrowding, this terminal, everything. If i succeed to my wildest dreams at the end of five years, our passengers going through that terminal are going to be about one third of the passengers using either the embarcadero or the montgomery street station. So, its not a massive number. I think that is something to keep in mind. Peter lucy, he was trying to get to that. Because theres a statement in here saying even though theres a lot of retail is primarily at the Transit Center. Thats wrong the first number of x years. So we really have to say and plan on the fact that and acknowledge is going to be a period in their. The other thing that strikes me is in terms of negotiating this youre going to have this conundrum weve talked about here a particularly director nuru, because the lease for that they went to assume they have the power to sublease as much they possibly can. Thats going to be implicit in your negotiations and yet theres a tension that we pointed out here and youre going to have to somehow be able to, as far enough in advance as possible to indicate to them how that is to be mollified and modify. I know how we did it when i was on the Emeryville Rita Bauman ages ago we had a Redevelopment Agency in which we could come in and say we want to go local, but local is not ready to pay what starbucks is, then well give you a little help. We dont have that power. I dont know if we have a parent i dont know how you solve that conundrum because its a big one. Thats can be fundamental to their expectations. Im a little bit uncomfortable about what im reading about the park. Like the other people, it needs to be filled out because the degree to which the park is public is important to everybody in this. The community, right down to the master lease. Its going to to be thought through in terms of molecular planning and things like that. Im not sure that this board would want to see all Event Planning conceded to the master lease and thats a possibility. Its a part. Its a public park. Public to some degree whatever n is. But the master lease is going to know what n is. We are the lesser. I know what you mean. I think one of the things, my suggestion is, if there isi dont know if there is time to do itwhat would i like to do is satisfy what weve been saying up your is to havethere will be some sort of quantitative point if valuation by the folks who are evaluating this. As one board member, i would like to have input into what score is what. How much for this, how much for this, how much for this. Knowing thats not the be all and all who is necessarily chosen, but at least i know if you intend in some rfp that gets published. You say, okay heres what you get for this. Heres what you get for that so Everybody Knows how the scoring goes. But that scoring is what can give us some reassurance that things we value matches the things that are presented. So that can be done, that would be really good. Thank you. Going back to your first comment, which i think was about one, six monthsnine months is a very aggressive time period to negotiate very complicated agreement. Especially he said with a master lease knowing we want them to get into this building over the next 912 months. Its our fervent hope that we get strong responses out of this rfp. And we can actually have a robust best and final offer process where we can take more than one respondent potentially to through the process we can play them off as long as we can. Because, as my experience and you will probably know this from your redevelopment experience, the moment you designate someone thats the moment when you lose pretty much all your leverage. So its in our interest to make sure we can stretch this process process forward. A very intensive naval negotiations to keep it as competitive as we can. Glad to hear that. The other thing is what dimension is that my office is in downtown oakland. Unlike steves office down there, would solve mice in that rotunda building, would have been impressed with in downtown opens, one of the aspects of the preradicalization of downtown that hasnt been published is that theres a lot of real basic buildout thats going on. I think this top level, lower level, if your numbers your projection numbers is that the trainable was to be buildout at the same degree as the streetlevel is going to miss an important opportunity because theres an irony thats going on in downtown oakland. That i significantly among the Restaurant Service bar segments of downtown oakland. Some of the shabby or places of the most popular. Its a phenomenon sort of like the cosco baguette yourself think. We dont want the store to look too good otherwise they wont realize the pain the same price that they get in a full service store. So theres something to be gained from the aspect of be creative in terms of the buildout and im sure theyll realize that because that may be where a lot of the mom and pops and things can go in and say what i want to do is going to bethis is the level ive got. Youre basically, on average, projecting eight dollars per square foot per month income to the master lease or. Thats a not thats going to be hard. I think with some of the ration using from a lot of the local entities to make. I know thats an average. Not an overall basis. But that lower level might be where we get the two birds on these issues. Who knows . I do want to remind Board Members, i think you know we have a leasing use agreement with ac transit that indicates whenever we cannot cover for the operation and maintenance from either the master lease, retail or other sources because transit is required to pay im very well aware of that. Am of course, at that point wed also be looking for the other Public Transit operators that will be tenants of the center were using the center. Its important that we as a public body understand there is a tradeoff to be to the extent we can generate what we need to generate the master lease structure, is that it have to come from another source other increase will will we get right now from the separate terminal. Right now we received 4. 7 million. That dollar amount would have to increase rows that do look to ac transit or the other again center. The other thing thats important to keep in mind, director harper mention, the legalities of promising things that maybe one cannot promise. I think important for the board to remember that proposition h mandates would bring the trains into the Transit Center weekly and promptly. That was a voter mandated in 19 a. M. I think we need to be clear that if retail is going to work in the train box that its temporary. Its not permanent. We need to let the respondents know thats a temporary situation because thats when the rail in as quickly as possible. We dont lose sight of the fact that the train box investment of over 1 billion and the 400 million we received from pres. Obama from the arab grant was to build out the train levels. It wasnt for retail exclusively. I just want to let the board know that since we talked about issues and we want to be transparent and fair and not set expectations that cannot be met. I just want to clear on this item were talking about is the master lease. Were not talking about anything having to do with the overarching security contract just to come later yes, director that is correct. The security we have separate rfp. It is not up for discussion. No, director. Anything else . What are we n . We have a resolution i suppose. Theres a staff recommendation to all make the motion with the added comments from the board, as this rp moves forward because of the timing issue which is timing as this is that this is because i dont think ac transit has an open checkbook. That the team look to strengthen and add a local business components, qualitative and objective in terms of the selection process. I think the term is local and quality that was used. That is Luncheon Panel start to be put together including experts as well as Community Members as well as a Peer Review Panel, and that that panel have input with the board on the selection criteria. With the factors opera with 80 points or whatever any information items of the board can provide input to that that the rpd shared as an informational item what with the board included in the appendices so we make sure the mou part shes the standards we expect a center like us to achieve. What else did i write down . I think those are the four buckets i heard. I am sure therell be at least one major not a couple denims to the rfp as things,. Moved and seconded. First and second members of the public wanting tomr. Patrick tim padgett am personally concerned about the length of time of this rfp. Its going to take because if we want to cut the ribbon october or maybe december 2070, there isnt enough time for this retailers to get organized to select this guy. Then they have to go and find their tenants. Then theyve got to get a Building Permit and build it up to the timeline i dont think it can work very well. You can have it Transit Center open with a lot of paper on the window. I think that would be a shame. Its also not clear how the naming rights that issue has disappeared off the radar held naming rights enter into this prospect only giving the named rights to this master lease . Im not sure. I dont have any idea. If youre going to put this stuff all over these berries displays, its not clear whos going to get it. Whos going to be in charge. We got some organizational issues that are not clear. That includes members of the public want to address you on that im naming rights are not in here. The master lease has an option to bring to the board and entity that may wish to propose naming rights. Okay. Its an option. With that director gee aye, become aye, the reston guy, nuru aye. Thats five nuru aye. Thats 50 aye and item 9 is approved. Identity quick resolution of appreciation for marian lee. I just want to the behalf of the staff think marian lee for the time she served on our board. We found her to be very thoughtful, very responsive. A woman of integrity and courage as we really appreciate ffor honesty and help during the time she served with us on the tjpa board. We want to express our appreciation. So moved and seconded. Unless you want to move it . Shes left hasnt he . Marion has taken on a new assignment assignment is assisted the city manager bert first day as next week. I know where to find. Members of the public want to the gci, kim aye reiskin aye nuru aye harper aye item 10 is approved. 11 is a collection of the chair and vice chair pursuant to the february joint Powers Agreement i differ to the board on this. I nominate greg harper is shared. Im happy. I will accept. With director reiskin seconding that, no members of the public want to, all those in favor aye. See no objections chairman harper will remain chairman Public Comment it will go ahead and call the next motion to elect the vicechairman. I would nominate director nuru. We worked well together, i think. Moved and seconded. All those in favor with no members of the public, aye. See no opposed, vice chair nuru will continue on as vicechairman. That concludes that parts. We have a liberal time we will go ahead and see the ending members of the public want to comment on the item for close session. Ive not been told of him. We the t back in session. As to item Real Property negotiations regarding the price and terms of payment for the sale parcel f the soap action to report. That concludes your agenda. We are therefore adjourned. [gavel]