So, we want to at least build the foundation for something that can be ongoing. Oewd believes they can manage that and implement it. I think in hearing from the board of supervisors and briefing them and speaking with them, the businesses are feeling the pain so they want to see the money get out as quickly as possible. So i think we increase the proportion that will go directly to grants in response to that concern. Any other questions before i open it up to the public for Public Comment . Chair, i guess im just having a hard time drawing a bead on this. Who would want a loan if they can get a grant . I mean, who asked for the loans . The guys who are, i mean, i dont understand. Just i think the criteria right now for the grants, only available after the 24month project is delayed. The recommendation is for loans to be available at the inception of the project, which is a difference. That makes the loan more attractive. Attractive to help them sustain during the period of time when construction is occurring. The cost of capital these days is virtually nothing anyway. Is it really attractive to folks . For payroll, believe it or not, a lot of businesses take loans to make payroll in months they believe its slow. A source of funding to keep folks above water during a period of time. With that, i think we are going to open it up to to the public for Public Comment on this item. Jason is the only person who has turned in a speaker card on this topic. Hi, again, speaking on behalf of chinatown trip. Echo the importance of having construction mitigation to offset the central subway impacts, especially to chinatown. Chinatown has a threat of displacement for decades, and that is even a stronger threat today. The businesses have been struggling due to the construction for the exact reasons said earlier by director borden. We need to make sure the businesses serving the low income Chinese Community today are able to stay in place long enough so they can see the benefits of the subway when its finally built. We would like to see some of these funds used to boost business in chinatown, particularly around with the shuttle bus, with shuttle busses and a Public Outreach campaign that tells people chinatown is still open during construction. Thank you. Thank you. Any other Public Comments . Quick one, correct the record on my previous comment on the item. Turns out the board of supervisors did pass a best value contract award ordinance in may 2016. Obviously way too late for the central subway bid, but at least looks like progress has been made in that area, and that was what it was calling for. Thank you. Thank you. Directors. So, just to back up one more time with the last commenter said, the type of work that he was talking about reminding people that businesses are open for business, thats sort of a separate bucket of money than what we are talking about. Correct. So, what we that is now an official part of the program, and if that is a mitigation measure we are going to use we will add it to the budget of a project. So the things those types of things we will do, we are going to do them as part of the cost of the project, and this construction mitigation we are talking about is for separate activity, you know, as we talked about whatever people use. Ok. Good, thats all i wanted one thing i want to add on the loans, maybe i did not make as clear. So, on the loan program, we are also talking about using those funds, since they would be selfsustaining and not dependent on the m. T. A. Budget for projects in which the m. T. A. Has scope, but it is not directly our project. So, sometimes there are other projects in the city that are highly impactful where we might have a vision element or other element, or situations where we are the public face of the project the m. T. A. Board is legislating the project but the large part of the scope of work is not ours. So, some businesses would be able to access this fund as part of that. Thank you. Im still leaning towards option one, the grant seems like giving more flexibility in that. I would echo that, and like the idea of having a sustainable model for that, and being able to see more people use that money. Great. Just would imagine for our loan products, do we have, its not like the same stringent requirements at the bank, because a lot of businesses would have a hard time getting money from a bank sometimes. The citys loan project is more flexible and build in the terms on what they would like to see. Normally tend to be low interest, 3 to 5 . And we take a holistic approach to their Business Plan and what they would like to use the resources for, knowing most of the resources might have gone to the conventional bank and not qualified, so making sure we are working closely with them and considering all factors. Directors. Anyone make a recommendation on which direction we go . I dont think its an action. We are not actioning on this, just giving input. Appreciate your input. Wonderful. So, thank you. Thank you. Thank you. Thank you, that concludes the item. Moving on to the next item, item 13, adopting the 2019 sfmta 20year Capital Needs update, which includes a list of anticipated Capital Needs through 2040. Thank you, good afternoon, directors, sarah jones, planning director for sfmta. As mentioned, about the update to the 201720year capital plan. The name has changed, the capital plan itself is more of a Needs Assessment in a way than a plan. Its mapping out from a capital perspective what its taking to turn our policies, our ideas, our goals, into reality on the ground. This is not to minimize what it does, this is crucial information, supporting important efforts such as the fiveyear Capital Improvement program. The citys tenyear capital plan, and also things like what you are going to hear about next, input into a transformative effort, the faster bay area ballot measure. So, and in terms of calling this an update, we did a lengthy effort for the 2017 20year capital plan. That information is mostly still relevant and pertinent, so it was not really necessary to take the time to start from scratch again. However, there was a need to update it, both to keep it timely and to meet some federal requirements. So, what we are looking forward to in the future is a process revamp for the next round in 2021, to really make it more useful, more strategic, and more relevant. And also at that time we are going to have our very longterm concepts out there through connect s. F. , and we want this document ultimately to serve a bridge to bring the timeline from 50 years back to the present. So now im going to turn it over to anne fritzler from the performance team, lucky enough to have her serving as the project manager on this effort. Good afternoon, directors, anne fritzler. Here to discuss the Capital Needs update, 2019. It is the identifies the unfunded Capital Needs for the agency and the first step in our Capital Planning process overall. It is not committing funding to any specific need at this time, but it does allow us to identify projects, programs and needs and investments we will need to be doing over the next 20 years. Inclusion in this update does not mean its going to be definitely included into further down the line in our planning process, but it does help us identify replacement, renewal, improvement, expansion and accusation needs the agency has. This is our high level look at our Capital Planning process. Right now in the upper righthand corner looking at our 20year Capital Needs and hoping the board will approve them. This is identification of our Capital Needs and then as we further refine scopes, then it becomes the Capital Project and goes through and is included in our fiveyear Capital Improvement program. It is a multistep process that helps us identify things in the longterm and then bring them into our near term Financial Planning documents. So investments by our program for this update, we worked with Capital Program managers, and experts throughout the agency to identify and update the needs identified in 2017, and ensure that they were transparent and accurate. Each of our Capital Needs in this document has a description, a justification, cost estimate, and a high level timeline of when its expected to be needed. We did, for our Capital Needs, we are working with constant 20 2019 dollars and inflationary growth expected from 2017 to 2019. Our Capital Programs, we have ten Capital Programs, including communications, facility, fleet, parking, security, streets, taxi, Traffic Signals and signs, transit fixed needs and transit optimization and expansion. And embedded are needs related to accessibility and transit safety. It was identified embedding them in the programs really helped develop better and more complete projects later down the line. We wanted to include them at this point. And so here is our summary of our 2019 Capital Needs. You can see that overall we are at nearly 31 billion over 20 years. The key updates in this, in the 2019 summary include significantly expanded investments in the Street Program to achieve safety goals, investment in fleet and facility to all electric battery fleet, as well as revision, cost estimates for Traffic Signals and signs, total cost working in the complexbuilt environment in San Francisco. And expansion of needs and the guide way program to maintain the system in a state of good repair and increased investment in transit optimization and Transit Program builds on the current effort right now. Does not include, as sarah mentioned, does not include the long range thoughts what expansion programs might be if they are not yet identified and will incorporate those in a future cycle as needed. So looking ahead, we are here today to ask for your approval of these updated needs, and also let you know that as we move into fall the development of the fiveyear c. I. P. , the Capital Improvement program and the twoyear budget will begin outreach likely in late fall and winter, and youll at that point, thats when we identify specific funding and programs and match those to projects that will move forward the next five years. If you have any questions. Yes, just one quick question. I know every time when we talk about Capital Needs and thank you for pointing out the difference between the needs versus when it moves into a project, we do always get the questions that what percentage is dedicated to such a resource and such a resource, mostly when it comes about bicycling and pedestrian improvements, so i want to clarify and reiterate for everybody that our goals that we state out in our agency apply to all of these projects, correct . So, when we talk about streets, we are talking about all the goals we have around our streets. Yep. So, thats why we dont see line items that are specifically pulled out for, say, cycling improvements, or pedestrian improvements, or vision 0 improvements. Right. If you look at past long range capital documents, we used to have broken out specific programs for different modes. We have brought these programs together to really have an integrated list of investments and make sure they are all working together and fund and move forward the best way possible. Thats a change we have done in a time ive been on the board so important to point that out to everybody. I dont have any other questions. Other Board Members . Just one. The list you have, i guess its on slide eight of all the needs, is this generated through some kind of performancebased analysis . Especially a third of the money is going to transit expansion and i looked in the list and its projects going every which way. Why do the projects come from . The projects themselves come from past planning efforts, staff best practices, and understanding of what this agency needs in order to achieve its goal. You dont put them on the same putting and subject to a cost benefit analysis . This document does not have the cost benefit analysis component and does not prioritize projects. That would happen at the inclusion of those items into our c. I. P. , fiveyear c. I. P. When we are programming money towards these needs. Ok. I mean, i guess i would probably call this a wants list, not a needs list, if its really not subject to any kind of performance discipline. Its an index of our needs. Everybody around the office, peter a lot of time and effort went into what we need to do to achieve our goals and objectives as an agency. So, these did not just come out of nowhere, but you are right, theres no money and theres no priority at this time. A reason its not run out of the Planning Team a screen of professional planners brings to this that brings the level of reality check to it, so i do get the point it does not have the ranking and you know, this does not start down the walk towards cost, that i think we would all like to see, well see that in the c. I. P. But its not just a laundry list. Well, look, im going more than one question here, but i mean, my experience has been, we have a hard time talking beyond cost constraints, right . Typically we apply all of these disciplines like Performance Analysis to the cost constrained part of a part. And when we want to put a new sales tax measure together or something else, we tend to go from wants right to the expenditure plan and we never get to needs and performance and all the rest of that. So, i would be interested just personally in when this list gets subjected to those kinds of disciplines. Thats definitely part of our scope of work for Going Forward as sarah mentioned before, we are looking at a far more robust process in the next cycle. Great. And the c. I. P. , there will be a whole bunch of criteria used. Yes. Yeah. Ill let one important element of the needs wants list is all of our state of good repair and Asset Management needs, which does go through a rigorous process, replacing the assets, useful life, all built into the number and thats at least half of it. So that goes through a rigorous process. Its a reflection of our other Major Projects and initiatives. When we have a new Funding Source such as a general Obligation Bond or sales tax proposal we will pull from this list and go through the process of refining it in the constraints of that source or fund. So the item you will hear next, we use a lot of the things on this list to generate things that would be appropriate for that source. We do then go through the process, sometimes well select through the c. I. P. A Major Initiative like a new subway but fund just the planning element of that to test the feasibility, to understand the environmental, to understand the timeline of those things. So this list helps us advocate for what is known as the absolute need for the Transportation System at any particular time. Related question to that . Looking at some of the specifics here, i see 720 million for protected bike lane network, 1. 5 million for Pedestrian Safety related to vision 0, and time on there of 0 to 20 years, and we have four years, to eliminate traffic fatalities. So, i would love to see pulled out understanding this is an unconstrained plan, it would be interesting and important to understand, is all of that funding for vision 0 or a piece of that expedite the next four years to hit vision 0 goals and therefore start fundraising in a very dramatic way to hit those goals . I want to make sure we are taking the goal seriously and not talking about 20 years of investments, but four years. Absolutely. The proposed investment over 20 years, knowing we have to continually invest in the streets network. As far as what needs to happen in order to meet our vision 0 goal in four years, that would be the discussion that happens in advance of the c. I. P. To understand what we need to be doing in the next 4 or 5 years to actually get there. Any other questions . Directors. With that, open up to Public Comment. One speaker, madam chair. Roman. Im sorry, you are right. Ok. Madam chair, no Public Comments. Its an important item and no one cares . [laughter] i care about it. Or, as we like to say, anne, they have great confidence that they know we are on it and that we are doing our jobs and that you are doing a fantastic job getting it all lined up. Ill believe that. And with that, a motion to approve. Second. All in favor . Ok. Great. Thank you. 14, presentation and discussion regarding the development of a regional transportation funding measure called faster bay area. Hello, good afternoon, directors, monique webster, sfmta, and following that on the agencys Capital Needs, seems appropriate to talk about potential efforts underway to fund better transit in the bay area. Joining us is nick daspovits and another from the Faster Coalition, and walk through the proposal and process, and a group of transit agencies have been engaged in working with them, so immediately following their presentation ill follow with a couple of slides that will talk about that, and after that, well welcome your comments and questions. Great, thank you. Thanks very much. Thank you very much, when i told my three and a halfyearold twin boys i was coming to sfmta,