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Chairman nolan we are back. Good afternoon. We are back in session. Will go at this point to the agenda. Back the public comment. We have members of the public who wish to address the board . Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you have to ....
Gavel chairman nolan we are back. Good afternoon. We are back in session. Will go at this point to the agenda. Back the public comment. We have members of the public who wish to address the board . Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you ha ....
We were instructed to not pick up anyone on the line or you will get a ticket. I had to tell a few drunk people now. If you like to go into a combat situation to service the public. We want to figure this out. Either sfpd or everyone involved, it will not have black towne cars using that road, have to have other access. We have buses with People Holding on. They stand. At the cab driver, it is frustrating. Herbert weiner. Why does muni have such a crime rate . Because it gets away with murder. [indiscernible] requires physically disabled people to walk quarter of a mile. They ignore the obvious. More buses, more drivers. They propose extravagant solutions. Mta is a bully agency the tax taxidrivers, parking meters in the physically frail. If muni passengers a lucky those taking the bus today are lucky if they are home by christmas. I had to acquaint this board with muni etiquette. When you say to someone i will see you in hell, it ....
Gavel chairman nolan we are back. Good afternoon. We are back in session. Will go at this point to the agenda. Back the public comment. We have members of the public who wish to address the board . Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can forces to accept credit card even though the people go to the clubs and bars. Ethey dont accept credit cards. They have to pay cash. The minimum is 21 dollars. If you go to the bar and order 6 10, you ha ....
Us. Otherwise we would be earning interest through the regular city treasury. Director bridges you know the rate structure . The credit union is here. They can answer. Director bridges that is my question. I appreciate that. Chairman nolan will the credit union come forward. Good afternoon. I am rebecca with the San Francisco federal credit union. Director bridges my question was the money transferred back to the mta funds. The fun sitting in the credit union, what type of rate structure . It will be against their five year cnt, with 75100 basis points in addition to the rate. We wanted a good market right. Director bridges a good market right, thats correct. Thank very much. Chairman nolan can i get clarification on this balloon payment due in five years . The example we gave to chris, one choice, a borrower could have, the fiveyear loan. We want to keep the payment as low as possible. We want to make the term as long as possible. ....