Will call to order the Board Meeting for the Transbay Joint Powers Authority for thursday, december 14th, 2017. Clerk well have roll call. Director harper. And director kim is expected. And director reiskin. And director sartipi. And chair nuru. Present. Clerk mr. Chairman, you have a quorum. Go ahead and call your next item. Item 3 is communications and i understand that the chair has something chair Mohammed Nuru so i think that everyone is mourning the passing of the mayor in the last few days and i know that for me its been difficult because he was not only a boss but a close friend of mine, but more importantly he was a champion of this project. When i joined the board there were a lot of financial needs and concerns and trying to make sure that we got the project to the way that it is now and we were able to finish it and through his leadership, really stepped up and did everything on behalf of the city. To make sure that the city could do its part. Of recent, i mean, weve had closed discussions about the asidelinement and what should alignment and what would happen with phase two and i think that we should take a moment of silence to mourn him. Thank you. Clerk well move into the next item on the agenda. Board of directors new business. Seeing none, next item is item 5, the executive directors report. Good morning, directors and id like to talk to the board today and by offering deep condolences on behalf of the tjpa staff for the city family of San Francisco. The mayor was a great leader and he was also a champion of the Transbay Joint Powers Authority program. He will be missed. And next id like to welcome the new director, director tripousis and im looking forward to working with you in a new capacity. Welcome to the board. In regards to the tenant improvements, they had a committee to allow the city financing to Fund Improvements and the Cost Review Committee and its november 17th meeting was agreeable in concept to using 25 million of the city financing for building improvement and 10ant allowances and the committee will consider whether to use city financing for all or a portion of the remaining 10 million that we need for improvements at the next meeting in february. And to fa excuse me to facilitate this funding we have an item on the agenda to allocate 25 million from the program reserves to our budget in order to be able to budget the base Building Improvements and allowances. And moving on to the sale of bonds. The citys First Community bonds for this Transit Center closed in november. Resulting in the proceeds of 149 million for tjpa which is higher than anticipated. It had a doublea plus rating, one of the highest rating for any c. F. D. In california and green bond certified by the Climate Bonds Initiative under their lowcarbon transport criteria. I would like to thank our chief Financial Officer, sara debord and the city of San Francisco controls office for their hard work to make this happen and it took a lot of work and effort and it was a success. And the c. F. D. Bond is the final piece for phase one funding. And next is bus testing and bus testing for transit took place december 6th and 7th. On december 6th, using three different coaches that included 40foot bus length and a 60foot bus length to have clea clearans for the different lanes that we have in the municipal plaza. And the test runs went well and indicated that there was no clearance issues and the community is expected to begin regular service of the number 5 fulton line from the bus plaza on december 26th. And on december 7th, they tested their buses on the bus, and a. J. Transit asked to enhance the bus maneuverability. And the next tests are covered in the agenda later on today but it was a good success. And as part of our ongoing effort for operation readiness, we have been working with the department of homelessness and Supportive Housing, San Francisco police department, and the benefit district on a comprehensive plan to best manage homelessness in San Francisco sorry, in the sales force Transit Center as well as the neighborhoods. This effort is a work in progress. At this month advisorys committee, our chief Security Officer had a Panel Discussion on the coordinated response to quality of life issues in the neighborhood that included the director of the department of homelessness and Supportive Housing, mr. Jeff gazispki, and mr. Andrew robinson, and several members of the San Francisco police department, including the commander of Community Engagement david lazar and the division commander, dan peria, and the Commanding Officer of the southern station. Each participant discussed their organizations priorities and the coordination with other agencies and organizations in San Francisco to help the citys Homeless Population to Access Services and to minimize the impact of homelessness within the community. Tjpa works with other agencies and well have more detailed discussion with the departments of homelessness and Supportive Housing and tjpa and the district and the neighborhood buildings to ensure that homelessness is managed in the district. And moving on to phase two, as i shared with the board last month were preparing our application for the transit and the Intercity Rail Capital Program currently. Applications are due on january 12th. And we have received letters of support from the Assembly Member kim and we expect a letter of support from some of the members, david chu. And also from our stakeholders with the city and county of San Francisco, and highspeed rail. And in regards to the status of the supplemental and environmental document, as you are aware for phase two, as you are aware for the past month we have been working closely with the San Francisco department of planning on their concerns on the supplemental and Environmental Impact study, impact reports. We have recently reached consensus on how to address these comments and in the environmental document and we have submitted the impact study with the various comments incorporated to the federal Transportation Administration for approval. And if f. T. A. Approval is granted in time we may bible to present the final document to the board in january for consideration. And after the final document approval by the board in january, we will best position this project to receive the funding that well be submitting in january as well. At this time i would like to ask the presentation of the updates. The facility manager, good morning, directors. This is the i want to make sure that you can hear me. This is the Progress Report that colliers has just started producing and presenting to the tjpa on a weekly basis. It is intended to show all of the cumulative interest in the pipeline at various stages and since this is the first time that you are seeing this, im going to review each category and erica with colliers is here to help me to answer any questions. The stages are noted on the horizontal bar with the business type noted on the vertical bar. And when colliers first showed this to me i thought that this report was like a funnel where the journey of a deal could be traced from left to right. That is not the case. Each of these is a distinct business in the specific stage shown. Note that there is some flexibility in how the information in the legal lease out categories is maintained and i have not asked colliers to further refine pending your feedback. To start, theres 37 Spaces Available for lease in the center, and as you can see there is interest from approximately 130 different businesses. And to go down to where the key is, from left to right, across the top, prospects so these are businesses that colliers has directly reached out to to see if interested. Then move over to inquiry and these are businesses that have registered on the website. In the preview column theres discussions about a specific location within the center. In the touring column these are businesses that have been to the center. At the proposal stage you can see that there are none noted in this category and at this stage the interest is serious. The prospective tenant has done their homework, has preliminarily designed the space, and figured out the finances, and the prospective tenant or broker submits a proposal to the tjpa. And the preliminary terms and conditions are being discussed and agreed to, and then that moves into legal. That means that the lease template has been reviewed and theres comment on the lease template itself and then we go to lease out which is active negotiations. And then you can see the the idle column is where theres initially expressed interest but theres no movement and colliers continues to regularly contact them and we need to discuss with this column at what point to stop pursuing. Then we have the the deal columns. Not the best description, but its the dead deal column. These are the ones not moving forward. The reasons for a dead deal are noted at the horizontal bar just above the key. This particular category, the numbers may shift a little bit because were still in discussion with colliers about when a deal should truly be considered dead. And we definitely want to make sure that were talking about it before theyre in this column. But the various explanations are noted underneath and so if its a chain, you can see that theres one these are its maybe a big box organization, not conducive to the local flavor that we talked about in the merchandising plan. The next item is opted out, thats selfexplanatory and its a prospective tenant that expressed interest but they decided not to pursue. Proximity. One of the things that we have talked about is whether or not if the business is just a block away because we want there to be variety in the neighborhood. And the merch plan, this might be a prospective tenant that is completely outside of the vision of the merchandising plan. And the Asset Management agreement has a list of prohibited uses so a tenant a prospective tenant may fall into that category and would be noted here. And then theres a column or i should say an amount for not qualified. These are individuals that are vague about their concept or do not have a specific enterprise in mind. This would be very different from a potential incubator business that has a unique process to sell. And a popup, it was moved over to p. R. I. To manage it. And so thats the thats the report. Again, youre going to see this on a monthly basis but colliers produce this is on a weekly basis and the numbers are changing every day. Any questions . I have a quick question and i wanted to make sure that im understanding this correctly and if im using the first line, restaurant quick services, for example. Yes. So there were 22 in the prospect touring columns and then you said that there are 10 that are idle or dead . This is in 10 of the 22, right . These are 10 separate yes. They have been taken off that list . Yes, completely separate. Yes. What would be helpful for me, providing this information is fine but i guess that what would be helpful more is the narrative. How are we doing relative to how we think that we should be doing at any given point in time . Its fine to have the we dont need to walk through these numbers in detail each month and its great to provide them for us and the public, but more general kind of qualit qualitate sense of interest is good, weaker than we thought, stronger than we thought and the pace is better or worse than we thought, that would be probably more relevant. The numbers themselves dont tell the story. I understand. We can speak to that you want to chime in . We have 153 people that are interested in one point or another and our committee can speak to which was your expectation at the time when we which is what we received right now and how do you see us moving forward, i think that maybe that would be director erica, colliers. Excuse me. Before we even started any of this process 85 inquiries had come to us from very resourceful individuals trying to seek us out not knowing who we are, who to talk to or anything like that. So 85 over you know a year and a half of this project being actively publicized in the press. So 85 in a year and a half, shall we say and so now weve practically doubled that in three weeks. So in my 25 years of leasing i would say that is excellent, especially since its over the holidays when most retailers are hunkering down and not looking to expand. This is where almost 75 of their income comes in this Holiday Season of six weeks. So to have this many retailers reach out during their busiest time in three weeks of beginning our marketing campaign, i would say excellent. Thank you. Thank you. And i would agree with director reiskins comments and the great thing about the report and the construction update and having them in front of us and we can kind of see where things are at and i cheated and looked ahead at the construction date, and so having a qualitative conversation of where we are and where we should be, where were headed, is very important, because on the Facility Readiness it does show that the bar is starting the first of december. And so i think that its important to track where we are, where were headed, so were not falling behind or that the market isnt changing on us and so i understand, it is the peak time and its the Holiday Season, and its where many retailers, most of their income comes in, but if were still in this place where theres no proposal or l. O. I. In january were not i mean, its going to be catchup mode at some point. So im going to talk a little bit more about that in the Facility Readiness. Okay, thank you. Thank you. Next my final item, directors, you have before you the Quarterly Financial reports and this concludes my reports. Next item. Clerk no questions on that report . Go ahead and move to your next item. The item six, Citizens Advisory Committee update and we have bruce. Good morning chairman nuru and directors and executive directors. Im the chair of the tjpa Citizens Advisory Committee and before i make any comments regarding the project, on behalf of myself and the c. A. C. , and with all due respect, director nuru, we are also deeply saddened by the passing of mayor ed lear. Lee. And our thoughts and prayer goes out to his family and to so many of his close friends. We and i am truly grateful for his leadership. My comments today are focused in the following areas first, with the staffing report. Focused on the d. T. X. And the r. A. B. Study. It was our understanding that we would see a recommendation on the ark linement of the d. T. X. By midtolate october, with the decision still possible by year end. And several weeks ago we heard from the r. A. B. Project team that a decision was delayed and that would be made some time after the first of the year. Although we appreciate this communications and we want a wellinformed decision made on this alignment that will serve usopt male fous optimally, for t hundred years this is disappointing. First, losing momentum towards phase two and the cost of ramping down and ramping up a project team, along with the potential loss of institutional knowledge. And, secondly, without a decision on the alignment, it is difficult to set expectations on going forward, timelines, milestones, and a forecast of when trains will bring passengers to the center. Third, difficulty taking advantage of funding opportunities when its generally known that the full project scope is in flux. Fourth, all additional delays, increase the extent of future o. N. M. Funding challenges for the sales force Transit Center which ultimately are anticipated to be resolved when the trains get to the center. And, last, delays increase the project costs due to overall escalation over time. And next on our agenda we had a presentation at the c. A. C. On the integrative plan to address issues associated with the potential Homeless Population which could be attracted to the center. There was Significant Interest from the future neighboring building tenants as well as leaders from adjacent neighborhoods. Representatives from the south Beach Mission bay Neighborhood Association, from riking hill and the barbree coast Neighborhood Association and sales force attended the meeting. We want to thank the department of homelessness and Supportive Housing, commander lazar and his associates from the s spd, and Andrew Robinson from the c. B. D. , and Cindy Sampson from the project team for presenting. With that said, the presentation fell somewhat short. Protocol inside of the center was and is developed and funded for the various levels of Security Associated