specifically $3,0 57,524 to [speaker not understood]. and those projects are included in the port's capital plan. we concur with the port's request on both -- on the capital projects. the debt service that is being requested as well as the 7 off line or off budgeted amendments. we hope you would approve this ordinance. we would be happy to respond to questions. >> thank you, mr. rose. colleagues, any question? seeing none, we'll open this to public comment. if anybody wish toes comment on items 2 or 3 step forward. seeing none, public comment is closed. [gavel] >> kiloton, can i ask for a motion to a move these forward to [speaker not understood]? motion by supervisor avalos. can we do that without objection? [gavel] >> so moved. thank you very much. mr. clerk, can you please call -- we're going to do item number -- because mr. rose, we

talked to you. we're going to do item number 4 first separately because we have a separate budget report. can you call item number 4? >> item number 4, resolution authorizing the executive director of the port of san francisco to execute an amendment to the contract with kaplan, mclaughlin, and diaz architects, and pfau long architecture, a joint venture, for architectural and engineering design services for the pier 27 james r. herman cruise ship terminal and northeast wharf plaza project at pier 27 to increase the not to exceed contract amount by $1,541,708 from $9,950,000 to $11,491,708 for the period of november 10, 2009, through december 31, 2014. >> okay, thank you very much. ms. forbes? >> good afternoon again. charter section 9.1 18 requires that the board of supervisors approve design service contracts in excess of at or in excess of $10 million. kaplan mclaughlin architects [speaker not understood] were selected through a competitive

process for design services on the cruise ship terminal back in 2009, november of 2009. the contract has been amended five times through dpw as the project progressed. the final proposed -- the final and sixth amendment would increase the contract from 9.v 95 million to 11.[speaker not understood] million triggering board of supervisors approval. this is included in the proposed cruise terminal budget. the budget analyst has looked at the contract and the reason for the changes ~ and finds them to be reasonable. and the additional contract will be used for phase 2 -- the amendment will be used for phase 2 of the cruise ship terminal project so we request that you approve -- you authorize our executive director to execute this final amendment. >> okay, thank you very much, ms. forbes. colleagues, any questions? okay, we have a budget analyst report. mr. rose, item number 4, please. >> mr. chairman, members of the committee, on page 9 of our

report, ms. forbes referred to table 4 of our report where it shows the increase going from 9.95 million to [speaker not understood], increase. and as ms. forbes stated, we believe that these requested increased expenditures are reasonable. we recommend that you approve the proposed resolution. >> thank you. mr. rose, as we discussed before, these were anticipated adjustments that were anticipated long time ago in the initial contract was signed? >> correct. >> thanks. colleagues, any questions for mr. rose? or staff? okay, we'll open it up to public comment. anybody wish to publicly comment on item number 4, please step forward. seeing none, public comment is closed. [gavel] >> colleagues, can we have a motion to move item 4 forward to the full board? we can do that without opposition. [gavel] >> mr. clerk, can you please call items number 5 and 6 together? >> is that for the june 4th meeting or june 18th?

>> june 4th meeting. >> thank you. item 5, resolution authorizing the issuance of not to exceed $25,300,000 aggregate principal amount of port revenue bonds for the purpose of financing capital improvements related to phase ii of the james r. herman cruise terminal project located at pier 27 and for improvements to northern waterfront historic piers; authorizing the port to cause the preparation of such documents necessary in connection with the issuance of said port revenue bonds; stating the official intent of the port to reimburse itself with tax-exempt bonds for expenditures made or to be made for the acquisition, construction, or improvement of the project; authorizing the port to borrow funds on an interim basis from the city's commercial paper program; and related matters. item number 6, ordinance appropriating $34,722,930 consisting of $25,265,500 of 2013 port revenue bond series a and b proceeds, $849,680 of interest earnings, $6,445,220 from 2010 revenue bond funded projects, $1,689,074 from 2012 certificates of participation series b funded projects and $473,456 from port capital funded projects to the port commission in fy 2012 - 2013 for the development of the cruise terminal project at pier 27 and the northern waterfront historic pier structures repair project. >> thank you. ms. forbes, welcome back. >> thank you. good afternoon again. the port has completed phase 1 of the cruise ship terminal, the james r. herman cruise terminal at pier 27 and is putting in place financing necessary to complete phase 2 of the project.

first, the port looked to all other available sources before proposing new revenue, port revenue bonds and the port is also requesting a reallocation of existing taxable debt to taxable projects in the northern waterfront which i will describe. items 5 and 6 allow us to authorize newport revenue bonds and allow us to on an interim basis utilize the city's commercial paper program. and item 6 is an appropriation ordinance of 34.7 million of which 25.3 is new rev nigh bond funds is 9.4 is reallocation. these sources are intended for two purposes. face 2 of the cruise terminal and northern waterfront historic pier projects. the reason for bringing these items now is in advance of having the pos and sale documents is to keep the cruise terminal schedule so we can award big contracts.

so, that is the purpose. we'll be back in the fall with the request for sale. just a bit about the facility. as you know, it was completed. phase 1 was completed february 28 of this year. the event authority is using the facility now as the america's cup village and will do so until october 1st. phase 2 of the project consists of building out all the maritime improvement, the park, northeast wharf tip, ballards provisioning et cetera to make it a functioning cruise ship terminal which is its primary purpose and then we'll begin to see about 200,000 visitors to san francisco through our cruise lines. it's a 9,000 square foot building. it's got a large gta, 2-1/2 acre park plaza and a tip at the end. so, it's quite a large facility. we already talked about the design services. in terms of the budget for the

project, it was phase 1 cost $66.31 million. total project is estimated to cost 112 million, but we added a 2 million dollar contingency to manage project risk in the budget analyst report. this slide shows phase 1 ask title 1 and 2 project costs [speaker not understood]. the budget analyst report notes that we have all the appropriations for the project, but 23.78 million. the supplemental before you would make that final appropriation. other sources for the project are varied and it's been great for the port to have support in building this project. we have 58% port sources, 16% a passenger facility charge. we've done some work on how much we can charge, reasonably charge our passengers to help us repay the cost of this facility. with the help of san francisco

voters in the last clean and save parks bond, 15% of the project supports those park and open spaces. we have a city contribution of 5% and a fema grant paying for 6% of the project. here is the sources and uses which is also outlined in your budget analyst report. 34.7 million sources for 23.7 78 for the cruise ship terminal, 7 million for the northern waterfront historic pier project. the rest were debt issuance and authorization costs. the reallocation is coming from previously authorized bonds, but we didn't use either because the projects were scoped down or we had cost savings. mostly from using our own crews to perform work. so, we're very pleased to be able to reallocate existing taxable debt to the northern waterfront pier project. this project is really to help us release the former america's

cup site and look to improving and reopening pier 31 which is currently closed to use. these were also private leasing activities. we're looking to [speaker not understood] in the near term. again, support private leasing activities, ensure revenues that are assumed in our five-year financial plan to meet our contributions to capital. and to rehabilitate facilities and generate new revenue. pier 31 is a very promising example for us. as i said, it's closed to use. we've done a lot of investigation and learned we can repair the facility and get it open without triggering a very expensive substructure and seismic work. we're projecting costs of 5.2 million and we're saying that the project with leasing for light industrial will pay back its debt service in year 11, debt service and coverage and start to generate positive cash flow to the port. so, we're very excited about the opportunity to save this historic structure. now to the port's ability to look forward as a proposal.

right now we have 75.1 1 million in obligations and that's including the soon to be sold cops for 2013 with the proposal we'll have a debt portfolio of about $100 million and 99.4. ~ the city's -- the poc we're proposing will repay approximately 76% of the debt service. so, prior -- in april of 2012 before we started seeing a lot of economic improvement, the port's net revenues were estimated at $17.8 million for bonding capacity of 42.6 million. the recent five-year financial forecast which is showing improvement in the economy and some strength we've had in our operating budget show net revenues of 21.2. so, our bonding capacity is growing. after the proposal, the port's contribution not repaid by the pfc will bring down our capacity to 47.6 million which

is still healthy for us and will maintain coverage ratios way in excess of our covenant requirement and in excess of our port policy. so we're looking at 2.9 for coverage. so, we're feeling very comfortable that we can afford this proposal. and this estimate doesn't include new revenue from pier 31. so, with that, we'll answer any questions you have. >> okay. thank you, ms. forbes. colleagues, any questions on items 5 and 6? okay, seeing none, can we go to our budget analyst report, mr. rose. >> yes, mr. chairman, members of the committee. on page 13 in table 2 of our report, we have examined the requested $34.7 million and find those expenditures to be reasonable. on page 16 of our report, we note that the estimated debt service on the proposed bonds is $1.46 million.

that's annual debt service and over the 30-year term of the bonds, the estimated principal is 24.3 million. interest is 18.9 million, nearly 19 million for total debt service of 43 million 2 66,85 4. we recommend that you approve this legislation. >> okay, thank you very much, mr. rose. colleagues, any questions? okay, seeing none, we'll open up to public comment. anybody wish to publicly comment on items 5 or 6? okay, seeing none, public comment is closed. [gavel] >> colleagues, can i have a motion to move these items forward to the full board? so moved by supervisor avalos. we can do so without opposition. [gavel] >> mr. clerk, can you please call item number 7. >> item number 7, resolution authorizing the port to accept and expend a grant in the amount of $250,000 from the california cultural and historical endowment under the california clean water, clean air, safe neighborhood parks, and coastal protection act of 2002 for the pier 70 union iron works machine shop stabilization project for the period of june 15, 2013, through december 31, 2014.

~ stabilization project. >> okay, thank you very much. >> [inaudible] the budget manager of the port. again, megan wallace, budget manager of the port. this final item before you is to -- is a resolution to accept and expend a grant of $250,000 from the california cultural heritage endowment. and [speaker not understood] supplement port funds that are necessary to stabilize the union iron work, machine works building at pier 70. and as you may be familiar with pier 70 as well as this building, it's a very historically significant area and, therefore, definitely worthy of the grant funds. as the port is currently preparing to go forward to bid out this work, and we're just seeking your approval of the grant to accept and expend the grant. and i the project manager

kathleen [speaker not understood] are both here to answer any questions. >> okay, thank you very much. colleagues, any questions? okay, seeing none, much appreciated. we do not have a budget analyst report for this item so we'll open up to public comment. if anybody wish toes comment on item number 7? okay, seeing none, public comment is closed. [gavel] >> colleagues, can i have a motion to move item 7 to the full board? so moved, we can do so without opposition. [gavel] >> mr. clerk, do we have any other items? >> that completes the agenda for today. >> okay, we are adjourned. [gavel] [adjourned]

i'm derek, i'm hyungry, and ready to eat. these vendors offer a variety of the streets near you. these mobile restaurants are serving up original, creative and unusual combinations. you can grab something simple like a grilled cheese sandwich or something unique like curry. we areher here in the average

eight -- upper haight. you will be competing in the quick buy food challenge. an appetizer and if you are the winner you will get the title of the quitck bite "chompion." i am here with matt cohen, from off the grid. >> we assembled trucks and put them into a really unique heurban settings. >> what inspired you to start off the grid? >> i was helping people lodge

mobile food trucks. the work asking for what can we get -- part together? we started our first location and then from there we expanded locations. >> why do think food trucks have grown? >> i have gotten popular because the high cost of starting a brick and mortar or strong, the rise of social media, trucks can be easily located, and food trucks to offer a unique outdoor experience that is not easily replaced by any of their setting any worlwhere else in san franc. san francisco eaters are interested in cuisine. there adventuress. the fact theyuse grea use great

ingredients and make gourmet food makes unpopular. >> i have been dying to have these. >> i have had that roach coach experience. it is great they're making food they can trust. >> have you decided? >> we are in the thick of the competition? >> my game was thrown off because they pulled out of my first appetizer choice. >> how we going to crush clear? >> it will be easy. probably everyone has tried, something bacon tell us delicious. >> -- people tell us is

delicious. >> hopefully you think the same thing. >> hopefully i am going to win. we're in the financial district. there is a food truck right there. every day changes. it is easy and fun to go down. these are going to be really good. >> how are you going to dominate? >> i think he does not know what he is doing. >> i was thinking of doing [unintelligible] we are underrepresented. >> i was singing of starting an irish pub. that was my idea. >> one our biggest is the corned beef and cabbage. we are asking people what they're thinking in getting some feedback. >> for a lot of people i am sure this combination looks very

wrong. it might not sound right on paper but when you taste it to or have it in your mouth, it is a variety. this is one of the best ways in creating community. people gather around and talk about it and get to know different cultures. that brings people together and i hope more off the grid style and people can mingle and interact and remove all our differences and work on our similarities. this creates opportunity. >> the time has come and i am very hungry. what have you got? >> i got this from on the go, a sandwich, and a caramel cupcake. i went with home cooking.

what de think? >> i will have another bite. >> sounds good. >> that was fantastic. let's start with you. >> i had the fried mac and cheese, and twinkies. i wanted to get something kind of classic with a twist on it. >> it was crispy. >> i will admit. >> want to try fieried mac and cheese? >> was that the best twinkie? >> would you say you had the

winning male? >> definitely. >> no. >> you are the "chompion." clair has won. you are the first "chompion." >> they know it iwas me because i got a free meal. and check a map on -- check them out on facebook. take a peek at the stuff we have cut. to get our -- check out our blog. i will have

>> the city of san francisco sfgtv meeting of the san francisco transportation authority occurring may 6, 2013, will begin shortly. >> good morning, today is monday may 6, 2013, and welcome to the personnel committee of the san francisco transportation authority. my name is avalos, the chair of this committee and the authority. joined to my left by commissioner cohen, and david campos will be joined shortly by weiner and mar. >> and the clerk is cheng and we