county transportation authority related to this off ramp work. this work is necessary as you know as we reentering into development agreements with developers along folsom and in particular this particular site is for the transbay block eight which we re scheduled to close on with related later this year so this realignment work that the ta is conducting on our behalf is critical to that and these are additional costs associated with that and we expect to come back with likely another amendment after this, but we re bringing this item before you now with a first time and we have representatives here to go over this and from the transportation authority as well here. thank you executive director bohee. acting president and commissioners i am kevin mo suita and an emergenc engineer and i this is an amendment with the san francisco transportation authority for the folsom street off-ramp realignment project. the mol som off ramp from highway 80 curvings diagally across bloc
the pension up to full funding. well, really calpers has decided and makes a lot of sense actually to split the two apart so in terms of percent of payroll it will go down to 9% but they re going to charge a dollar amount and to bring it up to full funding requires the contribution regardless of how much staff we have and estimated that for 537,000. it s going to go up they re phasing it in and go up over the next couple of years and then stabilize and go down hopefully. they give a discount if you pay up front and 20,000 a year and taking that option of the lump sum payment so if you combine the two together it s 5.8 million. we have an estimated annual amount of 11.5 million for administrative costs. and i m going to go into some more information more detail as we go. these staffing costs this budget does allow for the 6% cola which was approved in the labor agreements that you just approved. that was just implemented and there was a three and a quarter percent of cola
september 2014 just prior to when physical construction started and you can see that the off ramp is sweeping across block eight and prohibits the pedestrian access on fremont street on the west side and also prohibits the implementation of clem tina street as desired under the transbay implementation plan. this next slide shows what block eight would look like after the reconfiguration of the off ramp. there is a signalized intersection at the base of the off ramp and provides the same turning movements and accommodates for the same number of vehicular trips. this moa amendment is about cost over runs and the moa requires ocii to pay for all the costs there are five categories in the amount of $595,000 $641 and that requires an amendment to the moa. the first category is for the design phase. as director bohee mentioned during the disillusion of redevelopment this authority was designed to a 90% level of completion. about a year later when the project was restarted this
you in april i believe, the first commission meeting in april. so about it says here about 47% of this administrative budget is coming from property tax in items one and seven and the other 53% is from we re still using some of the taxable housing bonds for the staff costs related to housing that isn t reimbursed from other sources so while we still have that available we re using that and there are other funds as well that help support over half of the costs developer reimbursements and charge staff time to developers and we are doing that and lease revenues to support our staffing so i did show this table in the memo that was supplied to you this show you how the cost for the prior year and not just the six months of the rops but what we re projecting at this time and we may refine the numbers when we bring the actual budget to you later but this shows a small decline in the bond proceeds. that decline in the other amount of $400,000 is related to our budgeting of how m
authority. they re delivering a turn key of this project and entered into the design can construction phase and that s how we re delivering this i still see we need to restore the reserves of two $36,000 for again another set of unforeseen costs to go up. yes. construction is currently about 35% complete so there is still a ways to go before it s finalized and typically you would budget so there is $600,000 say we decide on that. then there is another two $36,000 that reserved part of that almost $600,000 and what did they use the researches for additional unforeseen circumstances will we have to fill in that gap again? that s our obligation under the moa. yeah but it sounds like we re just a blank checkbook and that s not good enough, and i don t think that s precedent for us to say yeah let s go ahead and have these cost over runs go on and on. commissioner. i fully understand your concern. just to add a little information and clarity. some of the cost