also pursuing new federal and state transportation revenues on the high speed rail front, san francisco is committed to 60 million as our member's share for the mou, contribution to the early investment projects for high speed rail. 7, we have some funding 7 million approximately, that needs to be identified this spring. at to fulfill our contribution to the early investments positive train, control project. and so we will continue to work with the mayor's office and these funds and also the funding for the project in general and bringing it to the terminal which is north of the terminal in the state. on the federal appropriation side, central subway has received the funding grant agreement but they are still subject to annual appropriations by congress and so we will be working to insure that an appropriate level of funding is appropriate d every

year and advocating for small starts including vanes and brt. >> new, federal transportation funding. the federal gasoline tax at 18.4 cents has not been increased since 1993 and has lost a significant amount of its value over the last 20 years, the highway trust fund can no longer support the programs that are authorized under the federal transportation bill. so, we will be working with folks at the federal and at the state level to come up with ideas for what we will up port the highway trust fund in the upcoming years and offer to carry out the project priorities under the local sales tax program including the sbit projects downtown extension and better market street. federal transportation the reauthorization and what will the success or to map 21 look

like? the current zone map 21 just basically continued at appropriate levels as seen underpass federal appropriation bills. if we are going to be supporting the expansion and state of good repair programs that their local transit agency and departments need, we will be need to be seeing additional revenues, of course and we will be continuing to monitor and advocate on that behalf and also continuation of the transit pretext benefit. map 21, proposed and inincludes rather an increase in the tifia loan program. and by about ten found and increase from 100 million a year to 1 billion dollars a year and allows for programs of projects as opposed to stand alone projects. in the state of declining

revenue and highway trust fund moneys, exploring alternative ways of delivering projects is a must for the locals and so public private partnership and design options for another alternative finance approaches are things that we will monitor and bring to the board for recommendation, and also, tracking environmental policies to ideally stream line. >> and if you answer any questions that you might have. this is an action item. the next item before you is the positions on specific bills that we take every month. >> thank you very much. >> are there any questions that you have on this item? >> are there any members of the public that would like to speak on this item? >> no. okay, seeing none, this is an action item. could somebody make a motion? >> so moved. >> thank you very much. >> okay. yes, there was no public

comment. without objection, this item passes. >> item number five. >> state and federal legislative update, information and action item. >> good morning, chair and members, i have six bills to update you that have been introduced that we have taken a close look at since the last time that i was here. just for the over all perspective we are up to 500, maybe close to 600 bills now and by the end of next week, i think that the remainder, well the remainder of the bills to be introduced this year will be in place, so we will have a more full count or probably next month. on page 2, of the matrix, we have added or recommended a watch position, 8160 and it relates to provisions that effect the transit union members under federal law and a long tail of history. they were guaranteed have been guaranteed under the fair law that the changes to their retirement programs would have

to be negotiated. so they found reformat this summer enacted by the state of california to violate that and they have used that to hold up hundreds of millions of dollars of transit grants across the state and i believe that san francisco muni is affected by this, so consequently, this bill will go in and exempt them from the reform act from last year. we recommended a watch, and i am not sure how this thing from fair early on and we want to to be monitoring it as we move forward and coordinate with sf muni. and also on the matrix, 8164, initially we recommended watch and we are going to switch our recommendation to you today to oppose this measure, it is the law that this bill effects is a little used local private partnership legislation that has been on the books since 1996. i am aware of only two

enstances of its application, the bill heightens the requirements which makes the projects cost more and makes it more difficult, should there be a project to materialize. our concern is the same 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.

>> on december 28, 1912, san francisco mayor stared into a

sea of 60,000 of constituents that gathered at geary. the berth of the first publicly owned transit system in the city, the san francisco municipal railway.

>> how is it going san francisco. it's springtime in

san francisco. here is what's happening around town. this march join yoga for beginners. come to join us for balance and strengths. all levels are welcome and the class is free. r svp is required. after your work shop there is a comedy review. this wednesday join local performances from musicians. it's a popular spot for locals. sign ups are an 7:00 and shows at 7:30. want to hear more music. join us on hey street at the milk bar. this concert with blue grass and more. that's the weekly buzz. for

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