Good afternoon. It is 105 p. M. This is the regular meeting of the commission on Community Investment and infrature. The Successor Agency to the San Francisco Redevelopment Agency for tuesday july 7, 2015. Welcome to members of the public. Please call the first item thank you madam chair, the first order of business is item 1, roll call. Commission members responds whenia call your name. Chair row zaul rosales, here. Commissioner bustos, here. Commissioner maunds har here. Commissioner singh, here a the yecs regularly scheduled meeting of july 21, 2015 is held at 1 p. M. In suttee hall in room 416. Announcements of sound producing Electronic Devices during the meeting. Please be advised the ringing and use of cell phones pagers and Electronic Devices are prohibited at this meeting. Please be advised the chair may order the removal from the meeting room of any persons responsible for the ringing or use of a cell phone, pager or other similarly sound producing Electronic Devices. C, anou
Higher growth areas . We have got some breaking economic numbers on the housing market. Julie hyman is at the markets desk with more. Julie existing home sales rebounding last month. We got numbers for the month before that were disappointing but now we have a climb of 5. 1 month over month to 5. 3 3 million on an annualized basis. It compares with februarys 5. 0 7 million. The median forecast, 5. 2 8 million. A larger rebound than had been anticipated and does exhibit some resilience in a u. S. Housing market especially going into the spring selling season. 3hat number coming in at 5. 3 million, an increase of 5. 1 month over month. The existing home sales number does not tend to have a big impact on stocks. At much appears to be having big impact on the overall direction we are seeing today. The dow and s p, little change. Nasdaq doing a little better. Any increase means we are at new highs for the year above 2100 as we have been watching for the s p 500. Above 18,000 for the down. A
Again, an ideal long term partnership. For us to begin the process to improve this to be the best light rail system in the country, and the other point, again, is everything is local. And as opposed to why you could say, yes, it is a German Company and there are in fact no rail manufacturers entirely based in the United States but this is as close as you are ever going to get. 90 miles away, again, planning, designing and engineering, and manufacturing, warrantty support, and all in sacramento, and the other thing that we have highlight is the price. And we got a very Competitive Price when you look at the price that we have compared to any high floor car purchase in the u. S. And in the last three to five years and, we did very well in that regard. So, in terms of the two proposals that we received, one really stood out. And there is a sampling of one of the cars. By the way it was not our intention to confuse you in either of the presentation or the in the slide show, and just to cau
Exceeded all of our. It requires the reliability standards as far above the systems and what we asked for and as we talked about Competitive Price, and as we, are going to in a moment, and because of the strength of the Parent Company, and the procurement and they are a shot of the three trains. And the subway and the initial expansion along the mission bay and the 151 replacement of the existing fleet and that is programmed, and so that leaves us with 85 cars, which we need. And we need it right now, and for crowding, expansion more service. And i think that sometimes it is, and in an odd sort of a way it is very flattering, to have everybody complain but at the same time say that what we need is more. And we need more. We need more service, we need more cars. And so, i think i dont know that we need to go into the need, but what the situation is right now, is that as i mentioned 175 will have the first 24 cars be here, by 2018, and the last one will be delivered in 2018 and then, bec
Competitive price, and as we, are going to in a moment, and because of the strength of the Parent Company, and the procurement and they are a shot of the three trains. And the subway and the initial expansion along the mission bay and the 151 replacement of the existing fleet and that is programmed, and so that leaves us with 85 cars, which we need. And we need it right now, and for crowding, expansion more service. And i think that sometimes it is, and in an odd sort of a way it is very flattering, to have everybody complain but at the same time say that what we need is more. And we need more. We need more service, we need more cars. And so, i think i dont know that we need to go into the need, but what the situation is right now, is that as i mentioned 175 will have the first 24 cars be here, by 2018, and the last one will be delivered in 2018 and then, because of 2 things, our funding and our funding stream, and then, the fta, requirement, that on the vehicles, or the vehicles being