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Supervisor peskin , here. Clerk supervisor tang , present. Supervisor wiener , present. Supervisor yee , present. Clerk you have a quorum all members are present president breed please join us in the pledge of allegiance. [pleage of allegiance] president breed all right. Mdm. Clerk any Communications Clerk none to report mdm. Pres. President breed any changes to the april 26 or may third 2016 Board Meeting minutes . Seeing none, is a motion to approve those minutes . Moved and seconded. Colleagues, can we take that without objection . Without objection those Meeting Minutes will pass after Public Comments. [gavel] president breed please lead lead the Consent Agenda clerk items 18 are considered routine. T ....
3016. Today is election day and the polls will be open until 8 pm. In your neighborhoods as well as 8 pm at city hall. Mdm. Clerk, please call the roll clerk thank you. Supervisor avalos , here. President breed , here. Supervisor campos , here. [adjournment], here. Supervisor farrell , here. Supervisor kim pier, here. Supervisor mar , here. Supervisor peskin , here. Clerk supervisor tang , present. Supervisor wiener , present. Supervisor yee , present. Clerk you have a quorum all members are present president breed please join us in the pledge of allegiance. [pleage of allegiance] prident breed all right. Mdm. Clerk any Communications Clerk none to report mdm. Pres. President breed any changes to the april 26 or may third 2016 Board Meeting minutes . Seeing none, is a motion to approve those minutes . Moved and seconded. Colleagues, can we take that without objection . W ....
Contingency required to cover the additional risk. I just want to make sure you heard you correctly you said only covering 65 percent with our current budgeted these are things that may happen or may not happen so we run an analysis to get the probability of how much of the list budget we think might need to be used. So you dont think well have enough money . Thats not what im saying. So actually were 65 percent confident that the remaining contingency will cover the remaining construction risk in the program. Thats not very comforting that you are 65 percent confidence id like to hear that you are a hundred percent confident. Then wed need to request 3 or 4 times that amount of money and we dont think its appropriate to request money that may not be needed in future years. At what point will you determine that we have enough money for the project. The risk will continue to come down and well be increasingly confident over time. Thats what we thought about calaveras and then we had geo ....