Us. Otherwise we would be earning interest through the regular city treasury. Director bridges you know the rate structure . The credit union is here. They can answer. Director bridges that is my question. I appreciate that. Chairman nolan will the credit union come forward. Good afternoon. I am rebecca with the San Francisco federal credit union. Director bridges my question was the money transferred back to the mta funds. The fun sitting in the credit union, what type of rate structure . It will be against their five year cnt, with 75100 basis points in addition to the rate. We wanted a good market right. Director bridges a good market right, thats correct. Thank very much. Chairman nolan can i get clarification on this balloon payment due in five years . The example we gave to chris, one choice, a borrower could have, the fiveyear loan. We want to keep the payment as low as possible. We want to make the term as long as possible. A fiveyear 30 is fixed for 5 years; at the end the bal
The driver to transfer the medallion and realized the asset value. Thank you for addressing that point. I feel a bit of Kindred Spirit with you today, suffering personal attacks. This is a program that was is explained like that shows that you as a staff showing respect the people will have a long time in industry. While it is tempting at some levels of the mta to reach out and take all this money we have sacrificed determine some of the revenue to create a transition program. And i appreciate your comments. Those are my questions. Chairman nolan director rubke. Chairman nolan i would like to make an amendment, item 11. Director rubke i would like to to make in a amendment to item 11. Chairman nolan second of the motion . If director rubkes amendment is passed, well get to 300 on the waiting list. Correct. Chairman nolan all those in favor . Passed, 11 as amended. I would like very much to see that the revenue generated, in fact is back to this industry in a direct, definable way, such
Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you have to pay 21, and if you want another drink, you pay another 21. The same people, for 7 ride, they gave you credit card. And some people force you to accept credit card. Which is very unfair. If you
Unsolved murder going over 30 something years. Eric mar, went on record supporting exonerate the killers and sponsored legislation because the murders were so long ago she should be forgiven. I dont think any murder in this country should be forgiven under any circumstances at any time. We all run into a problem with the Police Department and sometimes we have problems with them and sometimes we have battles with them, but nothing justifies murdering a policemen when he is doing his job and letting the murderers go free and then having legislators at city hall at the board of supervisors run on a mandate that doesnt even mention or have the media talk about it. That that man sponsored legislation that let four murderers off the hook because it was so long ago. I think anybody here or anybody listening tonight should one, thank you Warren Hinkle for coming out with an article in his newspaper, the argonaut that goes into how eric mar alone, two that you are going to give out an award, g
comment period will be over if there is no one else who wishes to address the board. does anyone else wish to speak? director nolan: go ahead. today, i drove my full shift, and i had a really great day. i helped a little old lady in and q) calves, helped a blind guy get from point a to point b. fáit is a rewarding job, and i m kind of glad to say that i made the decision that there s really not a future in this business for your average working person. that is what this amounts to. it is a nice job to have if you need to make a little bit of money and work on other things, and ultimately, that is what i have decided to do. in a couple of years that i have been attending town hall meetings and doing whatever i can, i feel that the agency and the industry it is an old cliche, but it focuses mainly on the cab companies and what is good for them, what is in the interests of the regulating agency and what obviously concerns the medallion holders. the majority of the busine