concept, proposed by the surty bond companies could see its way into sbx 2, 4, which is the standard state p3 o law under which it was pursued. and so we would like to propose this as adding cost to p3 project and be in a position to rapidly amend, sbx 24 provisions similarly to this bill. and finally on page 2, ab 229 by the speaker is a new bill recommended watch and this is the speaker's approach to the replacement rda elimination and it does allow for the formation of infrastructure and revitalization districts and a little bit different than the ifd bills that we have seen, it relies on the property tax and trust funds as a financing source and it does allow bonds to be sold against that source in the future by these new

entities with a two-thirds vote required for the issue ans of the bonds. so, we have suggested a recommended a watch position. on page 4 of the matrix, there is a reintroduction by senator stain burg of a measure from last year and in this form it is sb 110, we are recommended watching this as well and it calls for a new approach for the california transportation commission to develop guidelines. there is a long history of the use of guidelines, the guidelines have finally been not to akin to regulations but some sort of hybrid with lesser transparency requirements so the senator is trying to impose more transparency and i think that the language that he is using this year will find acceptance with the ctc and i think that this measure would probably move forward and we want to be in a position to monitor it and watch and move to a different position, should

the circumstances change. senators, desonya introduced 142 and related to transit districts they have not provided any information as to who the sponsor with the ultimate goal is to this. at this point it would not be prudent to assume that it is negative or possibly positive. so we have recommended a watch and another measure introduced sca 11 that deals with voter thresholds we recommended a watch does does apply indirectly to transportation but also across the board to all government taxes it will reduce the voter thresholds from two-thirds to 55 percent. as i indicated it would apply not only to transportation but other kinds of special taxes as well and that is my report. >> thank you, very much. colleagues do you have any questions on this report?

>> thank you. are there any members of the public that would like to comment on this report? >> okay, seeing that there is no members of the public, public comment is closed. >> this is an action item. is there a motion to provide it? >> so moved. >> thank you very much. >> without objection? >> this motion passes. clerk, please call item number five. >> and i did five and i will call six. >> internal accounting report and investment report for the six months ending december 31, 2012 and this is an information item. >> good morning, commissioners, fong and this is the internal and accounting report and investment report for the six months ending 31. 33 you have the balance sthaoet and 34 you have the statement of expenditures with the changes in budget. these are presented for your

information. as of december 31st, 2012, with have the total assets of $223.3 million. >> and 150 million in outstanding commercial paper. also have $51.5 million in revenues and spent $9.7 million in expenditure -spends. >> also we have 123.3 million of cash sit ng various accounts. of this amount, 87.3 percent sitting in the city and county's investment pool and all of the investments are within the california government code and adopted investment policy. all of the... we also have enough liquidty in the accounts to provide payment for expenditures over the next six months.

with that, this is an action item. >> any members of the public that would like to comment? >> seeing none, public comment is closed. >> please call 7. >> introduction and this is an information item. introduction of new items. >> are there any items? colleagues? >> seeing none. and no public comment. >> public comment is closed. >> and could you please call item number 8? >> public comment. >> come on up. >> good morning, my name is gilbert chris hall and i live right across from the gay center and i would like to ask commissioner weiner to see if we could get better money for signage at market and gruero.

>> the crosses are real dangerous for the people that are crossing the street and trying to find it to the castro or coming downtown. and we definitely need better signage and i have spoke been this, i don't know how many years before you all were here. now, no turn on red, when people are crossing the crosswalks there. and nothing seems to be getting done, we have all of the construction going on in this area and more people are going to be coming to the neighborhood within the year or two years. and we need better signage as well as people obeying the traffic laws which pedestrians are trying to cross the street. so i don't know if you want to have more money for pedestrian an safety, out reach to the community or drivers because

they raced upcoming up to manicia and you have the hills and the market there and they are looking up towards the castro to cut across the pedestrian walkway, when people are in the crosswalk. so it is a very dangerous situation. and we have the corner store there where the instruction are unloading goods to the store and hopefully there will be another store with the new construction that is going on in the neighborhood, more stores in the area. and that is, you know, and that is all that i have to say. thank you. >> okay, thank you. mr. gilbert. >> are there any other members of the public that would like to make a comment? >> in general public comment? >> all right, seeing none, public comment is closed. >> and madam clerk are there any other items? >> item nine, adjournment. >> thank you very much. we are adjourned.