resolve clauses allowing for at least option, an opportunity to come back to the table and reopen pla. it there are changes at the federal level, that we can have that discussion to put in specific target, so i will be supporting this today. i want to think the directors for their feedback and comments over the past month as well. any other comments or questions? >> i wanted to thank all of the unions for all of their hard work. we have all 28 of them that signed. that is remarkable and very impressive. thank you for coming here today. ramone and mike, and operating engineers, and the other mike. i should clarify we are targeting regional higher. that is what we've been doing. we have been doing only that because it is a regional project because we of east bay

and santa clara as our partners, so we have been doing that in doing that quite well, and we can continue to do that when we get our updates. thank you. [applause] supervisor kim: one last comment. thank you to the carpenters and laborers for pushing for the harmony letter. it is something that i strongly support. i was educated through that through the treasure island development agreement. is there a motion? motion to move. there is a second. all in favor? any opposed? all right. the motion passes unanimously. [applause] can we please call item no. 8? >> approving a resolution of intention to initiate the process of direct a contract in

with the california public employees retirement system to continue providing retirement benefits to employees of tjpa , and the resolution authorizing the employer pick up of employee contributions. >> we contacted with local government services to provide benefits, medical and retirement benefits, but now that we have grown, we are working to zero we save money and be as cost- effective as possible. we now have the ability to adjust contractor rep we wiconth calpers, and that it does all it really is. we save money now and now have -- the long route to go through a middle person. supervisor kim: any questions on

this item? director risk iesiskin: the actl numbers seem to be somewhere out of line with where the rest of the city and state are headed in terms of generosity, and i do not know if in this action here or affirming or establishing those, and i recognize the difference between existing employees and prospective employees, but 2% of 55 based on a one-year final year compensation and 7% pickup seem to beat very far out of line -- seem to be very far out of line

with where this is -- were the city is going. and i do not know if this is the action -- >> the action is allowing us to enter into an agreement to negotiate various benefits, but we're very unlike any other entity. we are stopped at 13, managing thousands of employees, contractors, consultants, professional service workers. we're very different from other agencies or other state entities in that respect so sara, maybe you can add more to that. >> we're bringing this recommendation to you, largely because we have identified cost savings. once the implementation has taken place, there should be several thousand dollars savings per month. we want this transition to be seamless to the employees, so this is merely taking all of the

existing benefits and exactly as they are currently offered, and transferring them over to a new contract. i certainly understand that the city, hundreds and thousands of employees, there are certainly a large pension obligations and health-care operations for retirees, but we're talking about a staff of 13 people that were hired with the expectation of this benefit. as an employer with less than 100 members, we're going to be in the pool with all look the other employe years with less than 100 employees that offer the same benefit, 2% at 55 pulo. as we're making employer contemplate -- contributions, there is no contemplation.

there is no unfunded liability for tgpa. they have what they call a side fund, which is the equivalent of a planned unfunded liability. they have the option of paying that out in a lump sum one-time payment. it is projected to be under $3,500. so we certainly would pay that off in a 1-1 some benefit. that would make the employer rate cut down by a couple hundreds of a percent from 10.3 to 10.2 something. and so again, i certainly understand the concerns and issues that bombards your agency with thousands of employees and looking at future obligations are going through, but i would hope that in making a recommendation as management for

an opportunity to save money that we would not be asking employees to reduce their benefits that they expected to receive when there were hired. >> if an entity have less than 100 employees, you would be a part of the same pool that we are part of. it is because we only have 13 people. that is the difference. it's an francisco have 100 or less, they would be part of the sample. >> just to clarify, i did try to distinguish between existing and prospective employees. there are rights that the current employes have for that reason alone that maybe something that we would want to contemplate a dressing, although it is being done at somewhat for city employees. and but i want to understand how this pool works. because we are part of this pool, we have no ability to do

other than 2% at 55 or cinko and final year compensation with the employer picking up the 7%? >> you would be part of another pool offering a different level of benefit. >> does such a pull exist? there are pulls at 2% at 60, but you cannot be partly in the 2% at 55 pool for your career employee and 2% at 60 pool for future employees. all employees are required to have five years to end test. >> we do not anticipate having more than one or two more employees. we have been operating with less than 13 cents 2003. we are now it 2011. we would potentially bring on one or two more people and a construction manager, and that

is it. we do not anticipate bringing on anymore. >> wouldn't the reforms that are being offered plan for members for future employees apply to future employees? >> we will be members of the system. >> anything they do would apply to us. >> is there any other questions or comments? >> i made a motion. supervisor kim: there has been a motion in the second. we have a motion on the floor, and that has been seconded. all in favor? any opposed? cnn, at this motion passes. -- seeing none, this motion passes. can we get an update on that

next month? how long to you anticipate the negotiation to last? to go there is actually a formal laid out process. the next step will be after this meeting. we will have you signed the resolution of contention that just passed. we send that to calpers. there is an election to join the system, even though they are already in it. and then there is a final resolution we will bring to you in december when we will also bring the required program resolution. >> thank you. item #9. >> item #9 is the annual review of for policy and a price " -- approval of minor changes to the policy in conformance with california state government code. >> i work for policy for investments was originally approved -- reoriginally approvd

in 2006. we did the review back and they come up the state's commission on debt and investments, they are little behind in getting their annual updates up, so by adopting their annual update for 2011 at this time, and then getting ourselves on their annual schedule for 2012, we will look at the investment policy again next fall. that will line up better with their schedules. the updates they released in 2011 are fairly minor in nature. they change their ratings of different investments you are allowed to invest in as a public agency. they also took away some of the previous restrictions they have in place on percentage of portfolio. that is the reason why i wanted to incorporate the june -- the changes sooner rather than later. the main restriction they had was limiting 10% of your

portfolio to being held in a bank account. that often required a lot of transferring back and forth. this offers more flexibility and a little bit of more cash flow flexibility. i can answer any more questions. supervisor kim: can you talk in more detail about the portfolio? >> we keep the cash we need for short-term obligations and -- in our checking account, and the ballots in the city and county school. we do not invest ourselves in any other instruments at this time. when we need a transfer, we work with the comptroller's office on taking it out of the pooled account. we do have trust the accounts set up for the time when we start collecting tax increment proceeds and when there are land sale proceeds. we direct the trustee to invest per the permitted investments,

because safety and liquidity are the primary objectives. we're currently instructing them to invest in treasuries, and i foresee that will probably be our instruction for quite some time, unless the market drastically changes. supervisor kim: any questions or comments? is there a motion needed for this item? second by director ortiz. all in favor? any opposed? this motion passes. >> item 10 is approving the minutes of the october 13 meeting. supervisor kim: any amendments needed for the minutes? >> motion to approve.

supervisor kim: all in favor? the motion passes. and any other announcements? >> that does conclude your agenda for the day. supervisor kim: any other announcements? seeing none, we are adjourned.

>> welcome, and regretted. i am the general manager of san francisco's recreation and park department. i want to thank everybody for joining me today for the official rollout of park wide by crystals. it will be at five sites throughout the city. hopefully this is the launch of what will eventually be a part- by-park and maybe some day a street corner-to-street corner of by sharing. this is a new park amenity that will allow the opportunity to rent a bike at one city park and actually ride to another and drop it off. we're thrilled.

imagine somebody renting a bike in union square and taking a ride into a beautiful golden gate park, coming to see the incredible academy of sciences in front of us, and then taking the bus home. it all works perfectly. we're thrilled. this is a partnership. it is really a win-win all the way around. it will be easier for residents and visitors to get out and to buy it and see the city's incredible park system. but it is an agreement that will activate our public spaces and help keep our parks clean, safe, and fun. we expect bike rentals to bring in more than $1 million of revenue to support the department's operations over the next five years. >> i want to thank all of the folks who supported this effort and worked to make it possible. i want to thank mayor lee, who will say a few words in a moment. i want to think the board of

supervisors for their support of this. our district one supervisor in gold and great park, eric mar. i want to dig the recreation and park commissioner. and david lee. i want to thing lia and all its supporters of the san francisco bike coalition for their advocacy and support of biking in parks and healthy recreational activities. and i really want to thank park wide. jeannie and luisa are here. daryll and jeff, thank you for your vision and doggedness. that is what is needed in san francisco. last but not least, i want to thank my staff, the team which has been doing a tremendous job over the last couple of years, thinking about a creative new strategies as our general fund dollars get tighter and tighter in parks need more investment than ever.

our partnership in the research development team has worked creatively, and it has been incredibly effective in adding park amenities that park-users enjoy. it has helped us sustained as a credible park system. i want to take nicole and nick and cassandra, who are all over there. thank you. and of course, all of this falls in line with the city's goal of making our communities and places like golden gate park and the academy of sciences more bite-friendly and easier to visit for parents, families, and even alligators. i thought they were scared at the rain. but we were supposed to have won today. i will plug something. helen taylor from the academy is here. if you rent a bike and are lost and need to get through golden gate park, all you need to do is take up your iphone and download the academy of sciences golden gate park field guide application, which has all kinds

of credible environmental information about this park and about the academy, and it also has two bike routes. thank you to the academy of sciences, and thank you, helen. i now want to bring up our mayor, who in the last year has demonstrated himself to be a champion of our parks and of biking, healthy recreational options and environmentally- friendly transportation. where are you, mr. mayor? thank you very much. >> thank you. good morning, everyone. i also wanted to express my thanks to the collaboration that has occurred today with the bicycle coalition, with the rec and park bank commission, and with park wide. this is just the beginning. i think today you had the first part of what we have talked about for some time now. that is by sharing in this city. something that is going to be starting early next year, led by the sfmta.

when these parks start happening for recreational users, we will also meet with mark tempi -- commuters to make sure they have a chance to q use bikes and the go to work. bicycle growth in the city has been phenomenal over the past few years that we want that much more of a combination. i think it is a neat idea for us to be able to begin at one park, and today you can go from here to the marina or herman plaza. you can go today and drop off that bike. on your way, you can pass by city hall and vote. do important activities. this is an amazing thing. i really do like the idea that you can just drop it off and not worry about it. you can go by the hour, by the day. everything is taking care of. i think that is just the solid

beginning of bike-sharing across the city and the bay area. i think this is another indication that we want to be alternative mode transportation friendly. so we're working with the other cities around the bay area to do the same thing. so for those enthusiasts who want to go from city-to-city, they can do that as well. i think that is an exciting part of this. i want to thank all the agencies for coming together and promoting this. this is a great kick off. this is just the beginning. i look forward to even more folks using this and getting the exercise and a fresh air, but also being able to get out of their cars with their families are with their friends, and exercise this wonderful option to leave the bikes at various stations in the parks. thank you very much. [applause] >> thank you, mr. mayor. i want to bring up our

supervisor who presides over golden gate park to the one thing about eric mar is he is a true user id of this park and its amenities. there's not a weekend the goes by when we do not bob into each other during something in golden gate park. thank you for being such a champion of this system and golden gate park. >> it is let my backyard or front yard, because the live across the street on seventh avenue and faulted. i brought my bike today so we can all right together. i wanted to thank park wide for their vision, and the mayor and the recreation and parks department. gill, cassander, net, and the cult, and the others in the department for their vision of improving vikings the more families and everyone in this city can take advantage of this. i like the $1 million a year or more that this will bring in for the parks department. the richmond district is just one neighborhood. i know new barker of the

question now more bikers will come to richmond, but also the sun set aside another part as well. the lisagor coalition has been tremendous in making a better bike weighs from the embarcadero to charge -- to the ocean beach. this will help us to make sure san francisco's number one as a viking city in the country. thank you for being here with us. i cannot wait to ride. thank you. >> our next speaker is commissioner david lee. he has been a big champion for our of its decree more family friendly amenities in our parks. >> i just want to say, what a tremendous asset that philbins for has been for this department. he has the best i doubt -- philip ginsburg has for this department. he has the best ideas, and he is always thinking about ways to raise money for this department. and we're really grateful for his leadership in this

department and looking forward to new and more ideas from phil in the upcoming years. i chaired the capital committee at the recreation and parks commission. we do a lot of the fix-ups in the city. we fix our playgrounds. we fix our recreation facilities, and we are administering the 2008 bond that is going into fixing up recreation centers all across town. i had an idea just talking to lia from the san francisco bicycle coalition. as we were out here, thinking it may be one of the things we could be doing is installing more bicycle racks. the reason being is that people are renting bicycles, people from the neighborhood, come to the facilities, and have a place to lock up a bicycle. if you enjoyed the facility and

the get a fabulous part in our city and neighborhood, even right here in the concourse, it would be a great advantage for people to be able to lock the bicycle, perhaps at a picnic, and get back on the bike and go on to another location. that is something i hope to explore and to work with the bicycle coalition to see where we can put these in bicycle racks. with that, thank you all for coming. >> thank you, david. the recreation and park department has a great partnership with the san francisco bicycle coalition, in addition to their support of park wide, we're working together to create a dedicated bike lane in golden gate park. we have worked together on a sunday streets and send a street closures and also healthy saturdays. yes, we want more bike racks. to talk more about our partnership, lia. >> thank you for your leadership. i know staff has been working so hard on this.

she was so much to mayor lee and supervisor mar. almost 15 years of working and bicycle advocacy in the city, i have not seen this kind of political commitment and support. it is because san franciscans love bicycling. this is another great sign that our parks want to draw people to the city's. ride bicycles. the california academy of sciences wanted to visitors to come by bike. restaurants, cafes, and never did see the value in drawing more people, whether it is locals or tourists writing by bike to come out to the neighborhoods. it will be number one in the nation soon on that. we're on our day. the launch of park wide is a sign of that, one more commitment. it is a commitment responding to a demand. we know more and more people want great biking conditions. as the mere mention, it has been nearly as 60% increase the people biking in the last 40 years, and that is growing.

i would love to see the day where you see the front of the academy of sciences filled with by cracks in the front and filled with tiny bikes, so that -- filled bike racks in the front. so people are coming to learn about the importance of sustainability and the importance of our future fabric of our planning. but actually, riding the ride, walking the walk as well. kids see how they can integrate sustainability and environmental awareness by visiting this institution and this park and parks around the city by bicycle. this is a huge opportunity for great bike use today but really to be educating generations to come. i want to thank the parks department and commission looking ahead for hopefully their support of a new bikeway on jfk drive. we're excited about welcoming more people to golden gate park with a safe, dedicated, inviting

bikeway that is family friendly and connecting our city. thank you, looking ahead for that. and we look forward to riding. >> thank you. last but certainly not least, the folks that we're celebrating today, again, for your vision and partnership -- did i mention patience? our friends from park wide. come on up and say a few words. >> thank you for coming. i want to introduce all park wide the members park. sharyl, jeff, elena, and my husband, luis. we all own our own bike-rental companies. we came together to the form park wide to address this giant need in our city. we're opening of these bike rentals in parks, and we hope you join us and bike the parks. i would like to give everyone

that has supported us a hat for that effort. not to be used as a bike helmet. thank you all. >> she did not say this, but the consortium of bike rental company has over 50 years of experience with bike rental in the city. thank you for being our partner, and let's get out and ride. thank you very much. >> truth be told, my steering wheel does not do anything. [laughter] [cheers and applause]