Budget, were projected were projected to receive 3. 8 million. We given that we expect these revenues to be lower, we are conservative in our programming recommendations, only recommending to one fiscal year at this time. And giving First Priority to backfilling the projects that were funded in the prior cycle. So, that program of projects was shown on the prior slide. And also funding the latenight owl service on the 44 and 48 bus lines. Should there be funds left after backfilling any decline in revenues from the prior cycle, our second priority would be to direct any remaining funds to sfmtas Paratransit Program. So t next steps following the board action that we are recommending today would be to submit the priorities to m. T. C. And then return back to the board in the fall with an update on how revenues are looking from this actual program. They could be, you know, half of what are estimated at this point and [inaudible] the spring, around this Time Next Year to recommend options
[roll call] mr. President , all members are present. Supervisor yee thank you, madam clerk. Just a reminder, if you are not speaking, please mute your mic. Im hearing a lot of echo. So, at this time please place your right hand over your heart and will you please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god, indivisible, with liberty and justice for all. Supervisor yee ok. On behalf of the board, i would like to acknowledge the staff at sfgtv who will record each of our meetings and make the transcripts to available to the public online. Madam clerk, are there any communications . Mr. President , i have a communication that ive been providing during this covid19 Health Emergency to the public that the Board Members will participate through Video Conference to the same extent as if they were physically present in the meeting for the publics reference, item 18 i
Committee members will attend the meeting through Video Conference or by telephone and participate in the meeting as if they were present. Public comment will be available for this agenda via the number scrolling across the screen. Best recommendation is you call from a quiet location, speak slowly and clearly, and turn out the t. V. Or radio. If you would like to submit your Public Comment via email, please submit it to me linda, linda, wong, wong, sf. Gov. Chair fewer thank you, madam clerk. Can you please call item 1. Clerk yes. [agenda item read]. Chair fewer thank you very much. We have john lau from the office of economic and workforce development. Yes, supervisors. I have a presentation, which i am opening now. Can you share your screen . I just did press share. I do not see it. Ill try to open it again. John, if you hd like, i ca pull it up quickly. Let me try again now. Chair fewer, you have someone on your roster. Chair fewer okay. Supervisor walton chair fewer, if i could sa
role call mr. President , all members are present. Thank you. I guess this is unusual, but ill say it. Please place your right hand over your heart and would you please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board, i would like to acknowledge that sfgtv record each meeting and make the transcripts available to the public online. Madam clerk, any communications . Yes, mr. President , issue have one. Due to the covid19 and to protect City Employees, Board Members and members of the public, the board legislative chamber is closed for the march 24th, 2020 Board Meeting upon action made bit board of supervisors to conduct their meetings Via Video Conference call remotely. This precaution is taken on the authority conferred b by the governors order. The members will attend meetings thro
Ive started preliminary discussions as to what it would cost should we decide to lease the tenth floor for the remainder of our lease here in this building, which runs through 2024, and that would be a way for us to have the space that we need as we go forward into the next two budget years. And so that is a 630,000 allocation. Thats just an estimate from the building as to what they would charge us to rent that space. That rate is based on what they most recently negotiated with the city with the law library, and it is higher than what were sitting at today. But the rules say they would have the same term of the lease. Were paying 44 a square foot for the space we have in this building, but that was a lease we entered into back in 2014. This represents roughly 60 a square foot for the Additional Space on the 10th floor. And with that, i would be happy to answer any questions. Questions . Comments . I have a couple comment questions okay. I take it that finance committee went through a