Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments like hedge funds. Most Pension Funds want 7 to 7. 5 return o
21, 2020 special board meeting. Move that we dont disclose. Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in common. Number one, theyre all underfunded. Number two, one of the reasons why theyre all underfunded is because theyre over diversefied in highrisk investments
Clerk we have a quorum. Okay. First item is we will go into closed session. We need a vote whether to disclose discussion held in closed session on the january 21, 2020 special board meeting. Move that we dont disclose. Second. I do not believe theres Public Comment on that piece. All those in favor say aye. For closed session for today, before we go into closed session, is there Public Comment . Seeing no Public Comment, weth. The other Board Members will join us shortly, but i do not want to lose a quorum. We have several action items important action items to hold this afternoon. With that, we need to come out of closed session. So moved. Second. All those in favor . All right. Well start with Public Comment. The general Public Meeting rules apply. Please follow the normal rules that are posted about turning off your cell phone, etc. , etc. Open for Public Comment. My names john stinson. Im a 45year member of our pension fund. There were two things the public Pension Funds have in c
You have a quorum. Chairman heinicke all right. We have a quorum. Obviously, these are unique times, as we could say. Given the Public Health recommendations issued by the department of Public Health and Governor Newsom and mayor breed have lifted the attendance of Board Members by telephone, directors rubke and torres will be participating by phone at my request. Caroline and others in the room here to assist with our City Attorney deputy City Attorney, susan cleavelandknowles. We will say, at the end, get through this together. I will ask Board Members to mute their phones. It sounds great right now, but if you want to speak, unmute the phones and let us know. For this meeting, we would like public to participate remotely about writing a question and contacting us electronically. Thank you for honoring this request. Going forward, we urge the public to write the board at mtaboard sfmta. Gov or calling 4154464470. That information is also on our website if you need that. We usually as
Im nick menard from the budget legislative analyst office. Im here to present to you our cost estimates for opening an additional Vehicle Triage Center. So as you all know, the department of homelessness operating the Vehicle Triage Center at san jose avenue. This site is an s. F. M. T. A. Parking lot is is expected to be developed into Affordable Housing. To develop cost ems for opening another vehicle triage cost estimate for opening another Vehicle Triage Center, we consulted with the department of public works as well as real estate to understand the current capital and operating costs of the current site and to understand the universe of potential other sites. I would like to thank dill land schnieder for dillan schnieder for her help. We show cost estimates for an Additional Center thats equal in size to the current one as well as one thats double in size and one that would be triple in size. Ill start with the capital costs, which are the costs to make the site ready. You can se