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Voted on and rotated on on an annual basis. Generally speaking, the Vice President became president. I mean, that was the practice. Theyre certainly not embedded in the policy. Whether then, it does state generally what we want to rotate these positions between elected and appointed and i believe we consider by commissioner meiberger said, commissioner cohen is the first member of the board of supervisors who has served as Vice President and now president and reconsider her appointed and thats why commissioner meiberger commissioner stansbury would be elected. Thank you for the clarification. I did call the vote. Im sorry, yes. Forgive my interest in. Its only 7 20 pm. The last term when commissioner makras served twice was the first time weve done it no. Commissioner casiano did it before commissioner paskinjordan become president he did it for two years. Okay commissioner p ....
Let me welcome everyone for coming out to this great kickoff event. Mayor lee, supervisor chiu, distinguished guests from the community, city family, all of us coming together. Last year we held a Pilot Project on stockton street to help the merchants and support the merchants in selling their merchandise. We were able we were very successful. We got a lot of great feedback from the pilot. So this year again, we are doing the second year of the pilot. All the agencies and the community and the merchants, we got together, and talked about how we can do better. And without further delay, i will ask the mayor to come and say a few words, who is a big supporter of this project. Mayor lee. Thank you mohammed. [ applause ] i am very happy to be here. Is this okay . All right. All right. [ laughter ] all right. First of all, happy new year to everyone. This is what im looking forward to every year and i know the merchants and residents an ....
Competition on our contracts, which should save us money and increase their capacity and successfully bid and complete city projects. The citys program has had a great deal of success in helping local businesses bid city contracts. Bid bonds have been obtained on more than 200 million during the life of the program. Unfortunately we cant tap in the program for federalfunded projects. Costs associated with establishing the program are relatively small. Including obtaining a letter of credit and consultant to administer the program. I want to emphasize that the bond fund reserve monies are only actually expended in the event of a default. The city has an excellent track record in that regard. Only one default has occurred in the course of the 15year program and costing approximately 125,000. This effort is particularly important to the Small Business community at this time as we have the central subways station contract and attempti ....
I want to thank you for choosing mlb in this process as well. Thank you very much. Thanks ms. Fox, appreciate it. Obviously cca is something i did not support earlier last year. But outreach is a great thing. What youre doing is terrific. We will go to budget and legislative analyst report. I want to say thank you to the Daniel Webster school. Kids, you guys want to say hi . Hi. Thanks for coming by. Ms. Campbell . As you point out on page 43 of our report, when the board moving forward with c. C. A. In september 2012, they did amend a resolution requiring undertake extensive outreach of the program. These funds, the 1. 4 million is suppose to address that issue. We do provide a budget. The 1. 4 million will go to the Outreach Campaign contract with davis which is competitively selected. Anymore questions. Well do this in budget committee. Ill make a motion to thank you ve ....