>> the annual celebration of hardly strictly bluegrass is always a hit now completing itself 12 year of music in the incredible golden gate park. >> this is just the best park to come to. it's safe. it's wonderful and such a fun time of the year. there is every kind of music you can imagine and can wander around and go from one stage to another and just have fun. >> 81 bands and six stages and no admission. this is hardly strictly bluegrass. >> i love music and peace. >> i think it represents what

is great about the bay area. >> everyone is here for the music and the experience. this is why i live here. >> the culture out here is amazing. it's san francisco. >> this is a legacy of the old warren hel ment and receive necessary funding for ten years after his death. >> there is a legacy that started and it's cool and he's done something wonderful for the city and we're all grateful. hopefully we will keep this thing going on for years and years to come.

>> in january everything changes. all of san francisco's parking meters will now be enforced 7 days a week. feeding the meter 7 days a week reduces parking demand in commercial corridors and for most faster turn over of the parking spaces. the muni system has improved for sunday. learn more about 7 day meters at sfmta.com. >> good morning and welcome to the regular transbay joint powers authority board of supervisors' meeting for thursday, december 13th and happy holidays to everybody. may we take roll call please. >> prior to taking roll i will note for the record that

director sartipi has a scheduling conflict and will not be present today. director lloyd? >> present. >> director metcalf? >> present. >> director reiskin. >> present. >> vice-chair ortiz? >> present. >> and chair kim? >> present. >> madame chair you have a quorum. >> thank you. do you have any communications this morning? >> none that i'm aware of. >> is there any new or old business from the board of directors? seeing none let's move on to the executive director's report. >> good morning everyone. i would like to begin my report this morning on this last board meeting of the year by dedicating our board meeting in the memory of mike nevin, who recently left us. mike was one of our founding board members way back when we created the transbay joint powers authority and was very supportive over the years. he served as our first chairperson and was there with us in the initial years of moving the project forward. mike was a member of the

caltrain board of directors and also a former san mateo county supervisor, mayor of daly city and san francisco police inspector and not only served on our board, but numerous other regional transportation boards and we'll always be appreciative to mike for all of his work in the area of transportation, as well as his commitment for those in need. we extend our sympathies to mike and his family. i would also like to thank director reiskin, because a few board meetings ago director reiskin suspected that suggested that we look into that and found it's viable and could save us money and we modeled after the department of public works and caltrans regulations, allowing for savings during the bid submission and bidders will be encouraged to submit their

value engineering proposals that will decrease the bid price, construction cost and if a proposal is accepted the savings attributable to that value engineering proposed are subtracted from the bidder's bid price making their bid price more competitive and improving the likelihood of approval of the work. we'll realize 100% of the savings with the bidders value engineering proposal. during construction trade subcontractors will be encouraged to submit these proposals and after deducting costs incurred in the proposal, a trade subcontractor in the tjpa will share a 50/50 basis a shared savings. so thank you director for that suggestion and we'll implement that moving forward. >> great. >> now i would like to ask sarah to present our quarterly financial reports. >> good morning directors. these are your standard quarterly reports begining with

a budget to actual report for the 1st quarter of this fiscal year. and indicating that everything is within budget so far. a contract status report showing dbe participation and amounts authorized and spent on each contract and at this point, we are at -- through the federal fiscal year period that we're in we're at 14% dbe awarded and 21% sbe actual. the third report is our investment and earnings interest report and we continue to earn interest in our participation in the city treasurer's pool. we have a small amount of u.s. treasury notes in our trust account with landfill proceeds and we continue to have an interest-free bank account, so that we don't pay fees for the most part on the bank account.

the fourth report is the inception to-date. i am happy to answer questions from directors. >> any questions from directors? >> i just want to commend you all on the safety performance under this construction contract. it is pretty heavy, significant, complex work and the fact that you have continued to go through without issue. i don't know how much is attributable to being a jpla, but it's really phenomenal. it's a good model for everyone. one question on the financial report. where is the contingency for the overall project contingency tract and where would we be able to see that? >> we could start bringing you a report that shows the overall project budget. this is just the fiscal year

budget. so it's just a slice of our best estimate of the overall capital budget that we anticipated to spend in this fiscal year. we don't budget for contingency. there is contingency built into each line item, so we have looked at our cash flow, what we plan to spend on engineering and design, for instance and built in a contingency amount to come up with the budget amount we brought to you for approval. but we don't have contingency as a separate line item in the fiscal budget. >> there is a small reserve item, but what i didn't see and i didn't see it, i don't think, in the project report that we're going to see later either. where that contingency is and relative to how it's been drawn-down. >> we can definitely bring a report that shows that, but again, that is overall project budget. so this inception to-date is showing expenditures and revenues and if we're using

contingency, it would be -- it would have been converted into a particular expenditure. so it would be engineering and design or construction or what not. it wouldn't be -- we wouldn't spend it as contingency. >> right. >> we would have transfered it to another line item and spent it. >> if there is a way to get visibility on how it gets drawn-down, that would be helpful. >> no problem. >> thank you. >> great. and now directors, we have our last presentation of the year on our quarterly project labor agreement report by bob beck. >> thank you, board members. bob beck with tjpa to give an update on the pla progress in the last quarter. last month we had our quarterly meeting with the trade unions. so this represents now one full-year since we first

approved the pla. and we had updates on upcoming trade packages to make sure that the unions are informed of work that is coming down the pipeline. sorry, wrong mic. as well as reports on the progress that webcor has made in working with the veterans organizations in the bay area and we'll have ted wang from webcor come up and speak to that in a few minutes. as well as the work as the unions have done with tech 21 and local schools. so there has been a lot of good progress made on that front and there continues to be no work shortage issues or other impediments to our project. and we had no reportable incidents in safety in the last month. in terms of trade packages as you know at the last board meeting or the to