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>> welcome to the october 19 meeting of the san francisco municipal transportation agency. please call roll. [roll call] .

>> mr. chairman, of a forum. chairman nolan. thank you. >> electronic devices are prohibited at the meeting. any person responsible for the ringing of or use of the cell phone pager or a sound producing electronic device may be removed from the meeting. please be advised cell phones set on vibrate do call microphone interference so the board respectfully requests that they be placed in the off position. item four, approval of the minutes of september 7, 2010, regular meeting. chairman nolan: can we do the 21st as well? >> yes. chairman nolan: is there a motion to approve the meetings? >> motion to move. chairman nolan: second? all proved say eh. approved. >> item five, communications. chairman nolan: this morning i would like to ask we do the

special recognition awards that we move right to item 11. our controller is here to make the presentation. at that point we can return with the board members report and the rest of the agenda as planned. also one item on here is the card scheduled for 12:00. until then there will be a closed session before that time. >> mr. chairman, in addition, please be advised that two items in closed session have been removed from the agenda at the request of staff, that is anticipated litigation and the performance evaluation of the executive director. item six, introduction of new or unfinished business by board members. chairman: i think director heinicke. commissioner heinicke: yes. thank you for following up on the issue of peak-time cabs. i'm informed by our counsel that we do not need a formal

pc&n study with quasi judicial findings like we may have in the taxi commission days to put out peak time medallions, but we do need to make a sort of legislative finding as a board that there is a need for this. will i personally am convinced there is a need for it. but i think this is something the whole board should do so with your direction, director ford, and deputy director's permission and permission of the chairman, what i request is that we ask staff to propose a timeline for how we act and review a peak time taxi proposal and maybe i would suggest that one of the first things we do is actually to schedule a hearing as to whether there's a need for this or not. if it turns out i'm wrong and there isn't a need in view of the board, we can stop it there and consider other things if there is a need for it as i personally believe, then we can make the legislative finding that we need to, to go forward and handle that all in one fell

swoop, perhaps with the direction of the city attorney's office. the second issue. chairman: board member's sconet? ok, director. commissioner heinicke: the other thing we have talked about briefly of offline and i wanted to bring to the board's attention is for those of you who ride regularly, there's been some significant service interruptions. recently director ford and deputy director haley and i. i was unable to make it because i was stuck in the tunnel. say that for levity reasons. know director ford and deputy director haley are aware of this issue. it's my understanding we are getting a comprehensive memo reporting on the issues that i know he's on top of 78 and what i suggest again, director nolan, so we can have a public airing of this and let our constituents know what our staff is doing to address this is once that memo has been sent

to us so we can explain our remedies. >> second. director heinicke: i'll leave that to you. this is a -- i do think the public should hear about what the problems are and what we're doing to address them because they are very noticeable as i talk to fellow riders. director nolan: well taken. director ford: our plans -- there are few issues we are dealing with right now in terms of the age. director nolan: thank you. director brinkman? director brinkman. . i wanted to call attention to the article. i had a phone call with one of the parents who haze child at that elementary school and there's a proposal to do some traffic calming on monterey boulevard. i understand they are already working with staff in the group

and that they do have support of supervisor elsbernd to do some traffic calming and lower the speed limits on that street. know as director beach correctly pointed out that we do have to take into account the speed of muni service along there with any chankse that are made. wanted to bring that up because it's so important that according to the scammer, 50% of the students live within a mile of that school, which is really what neighborhood schools are about, but only 20% walk probably because of the safety issues. director nolan: would you like report back from the staff? >> sure. we will put together a memo in terms of solutions and a timeline for when they will be implemented. director nolan: i was happy to read about -- i guess starting today, the new taxi stand over at the ballpark. >> yes. director nolan: 10 spaces. is that right? director ford: exactly. we're trying to make sure we support all modes of transportation for anybody who's attending the game.

director nolan. . is that monitored by someone there? director ford: yes. director heinicke: and we'll be out in time that we can inspect it. director nolan: yes. zoif do i have i think some of our folks have been there since the wee hours of the morning. director nolan: i look forward to seeing how that works. i also want to say a personal thank you to ms. beerm for rearranging this meeting. this is no easy task to get all the folks involved. thank you for doing that >> thank you. director nolan: anybody else? director oka? director oka: i have one issue that i've gotten many phone calls about and that is the fact that taxis are getting ticketed and they're not being allowed to drop off at at&t park. i don't know why that is. it's impossible to park.

i was explained they're being dropped off a block from the ballpark. i don't understand. don't understand why we have to ticket when we are dropping off or picking up people with disabilities, particularly the taxis which are a special thing for us. so i'd like somebody to look at that and see what we can do. director nolan: members? we can ask mr. ford. director ford: yes. we'll look at that immediately considering we have a ball game later today in terms of that situation. so i will direct the right staff person to start looking into that before we start getting our crowd out there. director nolan: thank you. ok. anything else before the board? ms. boomer? >> you have one member of the

public who has asked to address you. would you like to set a time limit for the day? director nolan: we'll go with two. >> two minutes? director nolan: yes. good morning. >> thank you, board members. united taxi cab workers. on the ballpark, it's a positive step to have spaces there. i don't see why you could not open up king street to taxi for ball game purposes. it's not only the ramp taxis. we take many people with limited moment to the ballpark. and having to drop them off on second street or third street and still have a long walk is, i think -- i think that situation needs to be looked at as well. the other item i wanted to address is the peak time taxis. and i'm a little concerned to hear that there may not be a need for a public convenience and necessity hearing regarding putting more cabs on the street. it's very clearly in your rule

section, 1115. if more permits are to be approved, there has to be a hearing around that. it doesn't matter -- it refers to the number or class of permits to be issued, indicating that any number or any class of permits to be issued need to have a hearing. so i hope you will proceed with that. in connection with that, i wanted to call your attention to a document that has recently come to any attention. it's a fully fledged program to put somewhere between 50 or 100 electric vehicles, nissan leaf vehicles -- [tone] on the streets of san francisco. there's also a component in san jose. that's why i'm not sure of the number in san francisco. but this program apparently is

completely decided in great detail. yellow cab is the only taxi company partnered in this program. i don't think there's been any public process around this. if you were going to put out a bunch of new -- [tone] you know, buses or other vehicles on the streets, i think you would have some public process around that. thank you. director nolan: thank you. anybody else? >> no. that's the only person. director nolan: next item, please. >> the executive director's report. director ford: good morning. members of the m.t.a. board, i like to begin with recognizing our staff who have done a outstanding job and the contribution that they have made to the agency. the first award will go to glenda levine. police step up to the podium. think some of you may be familiar with glenda because she did serve as the union president for the transit

inspectors for a few -- for the past few years. she's been a transit inspector for over 31 years. she's been with the agency for over 31 years. she played an instrumental role as it related to coordinating our service for the saint francis circle construction project, as well as a temporary relocation of muni services related to the new temporary terminal location. in addition, glenda joined me along with the mayor, secretary lahood, and house speaker nancy pelosi after the ground breaking of the temporary transbay terminal. she conducted a tour that traveled to the new navy shipyard. that tour was attended by quite a few distinguished guests. it went through with no hitches, very smoothly done, and very professionally handled. glenda, john haley, our director of transit, here to

present your award. congratulations. director nolan: mr. haley? >> just to show that glenda is a true team player, she even agreed to stabbed -- stand next to me after yesterday. congratulations. she's one of our most valued street inspectors, has done a little bit of everything over the years, and is the first person, as mr. ford said that we call on to handle situations that require not only knowledge of the service but great public communications skills as well. so congratulations again. [applause] >> i'd just like to say thank you very much for the recognition. ms. roberta and i go back aways. we do work as a team. we are part of the muni, the

m.t.a. family. so when we step out, we look good and you look good. thank you. >> thank you so much for your outstanding service. the bad news is ms. levine is retiring this december but going on to all kinds of interesting new things. do you care to tell us about those? >> yes. i have three daughters, three grandchildren. and i expect to spend most of the time with them. i have a business where i do fashion. so i'll be -- you might hear about me. i have what's called a baby rock, so i do baby things. and i also sew for ladies. so you'll get a chance to go to my website very soon. thank you. it's been wonderful. [applause] director nolan: thank you. director ford: our next award

will go to james flores. james, can you please step up podium? james is also an transit inspector and has been with the agency for 12 years. he played an instrumental free-throw line coordinating service for the circle construction project. i used to see james every other morning when i was heading to work. and he was out there doing a fine job not just only looking at the transit operations but looking at the overall transportation operations while we did that work. as you imagine, we had parking control officers out there, fair inspectors, a host and myriad of different employees. he really took it upon his shoulders to not just supervise the transit operations but to look at the m.t.a. global operation at that location. during the saint francis circle project, james served as the commander for the k & l line shuttle service. and he assured that the transition from our l.r.v. to coaches went as smooth as possible for our customers. james, it's good to see you here. congratulations. well deserved.

>> thank you. director ford, director haley, distinguished board members. just want to say that i'm very grateful to receive this honor. i really believe in our agency. and i really believe in what we're doing. thank you. director nolan: thank you on behalf of the board of directors. [applause] i want to thank you for your outstanding work. through all of these 12 years. appreciate your support. >> come on up and tell us your website. director nolan: do you have a website? >> he's shy. as someone who used that station all the time, i saw him every day he was working. not only did he do his job, but he went out of his way. if he'd see someone confused, coming through the turn style. if he saw someone across the street, he would go out of his way to make sure people got where they were going. my children and i noticed that. thank you very much for your service.

director nolan: thank you mr. flores. we'll come back for the report. we'll go to item 11 since our controller is here. >> i will call the item. item 11, presentation and discussion regarding debt financing, a continuation of the proposition a mandated training. director nolan: welcome. >> good morning, mr. chair, directors. thank you for having me here today. as we all know, proposition a adopted by the voters just a couple of years ago now included a number of important changes to rules and policy and governance for the m.t.a. specifically two of those provisions that bring me here today. first being a requirement that the m.t.a. board complete a certain amount of training each year on a host of governance and financial issues. and it's in that vain that i'm here today. and secondly and perhaps more significantly, the extension in

proposition a for the authority for the m.t.a. to issue long-term debt. this is something that has been scarcely allow indicated to the department by the voters in san francisco so only a handful of city agencies are extended right by the voters to secure long-term operating revenues in many cases to facilitate short-term, one-time improvements. either for infrastructure or other certain costs which you'll hear about today. it's a powerful tool that the voters reserved the right to very scarcely extend. and you now have that authority with approval from the board of supervisors to enter into those long-term commitments. i'm happy that you're taking the time to understand how these relationships work and how these financings work. again, it's an incredibly powerful tool that you can meet -- or you can use to meet many of the pressing needs that the agency has. but it comes with long-term implications for both the

m.t.a. and the city that all of us need to take seriously. there are very few things whether it be the m.t.a. board or the board of supervisors, very few things that -- decisions you can enter into that have implications that last more profoundly after we leave or you will leave your offices or your role on this board. in many cases here you'll be making decisions to fund upfront improvement that will be repaid over at times 25, 30, or even 35 years. it's with that in mind that i think we need to enter into these decisions. the team today can walk you through how these debt financings are structured, how the relationships work. again, a very powerful tool to meet needs you have that i know

are very real and that the city has that are very real but with real long-term implications for both the future operating budgets of the agency and in a larger scale, the m.t.a., the p.u.c., the airport, the port, and the general fund of the city are all players in these markets. and we all need to be cognizant of action that each of us are taking, because they require us to maintain relationships in many cases with the same banks, underwriters, the same institutions where an action of one agency reflects on the city and county as a whole not just in this case on the m.t.a. so i'm happy you're taking the time to understand how this process will work. and to begin to weigh how you, as a board, intend to bring this incredible power to bare. so with that i'll turn it over to staff to walk you through the presentation. director nolan: thank you.

>> good morning, chairman nolan, directors, mr. ford. my name is terry williams. today we wanted to bring to you the topic of our bond financing advisory team. i wanted to -- as you can see as we go through --

we don't need to go through today's presentation topic -- director nolan: the microphone. >> oh. i am kind of short. sore bring that. we'll go through the sfmta's financial advisory team. the way that we came up with our financial advisory team, we went through a selective competitive process proposed -- through the request for proposal process. we decided that we were going to go with three members of the team. to begin with, our lead is the public financial management

team with two sub consultants, robert kue and the pineapple group. secondly we have the backstrom mccarley berry team also with robert kuo consulting, and scott balice strategies. and ross financial also with robert cuo consulting and capital partnerships. i wanted to briefly go over what each team will be concentrating on. for the lead, public finance management, we're going to be concentrating on the financial planning and the debt management function yament. -- functionality. with backstrom mccarley berry & company we're going to be concentrating on the city garages and the central projects. and with ross financial, we're concentrating on alternative revenue analysis, fleet management plan and leverage, lease transactions. i'd like to introduce the

engagement partners for each group. first standing up, the partner with public financial management, peter shellenberger. director nolan: good morning. >> next to him would be with backstrom mccarley berry & company would be vincent mc carly and last but not least, for ross financial, would be peter ross. this is our financial advisory team. as you know, we're moving to bond financing because it gives us more flexibility over what we need to be able to do as far as our capital projects right now. we have funding coming in, but sometimes it's only utilized in accordance with whatever the grantor states. we need to have more flexibility to fill some of the needs that we need right now. that's why we're moving on to this endeavor. without further ado, i would like to bring up mr. peter