to get 23 million dollars other cities have done this through a combination of sponsors and federal grants which is what we got for our initial capital purchase. so maybe salida can speak to that as well. >> yeah i just want to add a couple of things we really think that it's a minimum size of about 2000 bikes is really critical to get to operation break even. so 1900 bikes and a lot of that is due to their day use because they are a huge tourist destination as we are and the fact that we can see a similar similar trajectory here. but the other things

that we care about thinking about expansion are geographic equity and social equity we care about jobs this system has the great potential to create a lot of great jobs for san francisco ans and we care about universal design to continue to improve the design of the system so that it really is accessible to everyone and blends into the public right of way and in a way that doesn't create obstructions for people. they all approach them in a slightly different way so for us these things are critical when we think about expansion. we want it to create local jobs and we want to achieve equity and we want the design to be the best that it can possibly be and it all hinges on getting

the right fund er as quickly as possible and how that all plays out is a little bit uncertain at this time but we're continuing to talk about it and we have a high degree of urge see in terms of expansion because we're trying to do something a little different here than a lot of other folks in the region. they are really about a last mile solution for folks but we're trying to open up bicycling for an option and keep in mind when we're thinking about expansion. >> another question not so much expansion but the future of the city so we come up with the initial 21, 23 million dollars development to build out the system, we then have operational sustainability so the revenue generated is paying for the ongoing cost of the

system -- what is the expected life span of the bikes and other infrastructure presumably they wear out and you have to replace them and when you talk about break even are we generating enough revenue to gradual replace bike and see particularly getting big batches of bikes at the same time a lot of them will start wearing out around the same time. >> so the life span of the fleet is somewhat uncertain conservative ly five to seven years and optimistic ly 7 to 10 years so there's initial investment in equipment and then there's at some point in the future where you have to make another development in the equipment. >> so the wearing out is that i

just the bikes would you say five to seven does that include the stations as well? >> we don't know. the dc system those bikes are 4 years old they look good to me. i think the station could last more than 10 years. >> of the 21, 23 million dollars to have 2500 to 3000 bikes how is that capital cost allocated between the stations and bikes i'm guessing the stations are more expensive? >> yeah. >> in terms of the capital renewal needs it's largely the bikes? >> right some portion of that cost is a one time cost associated with starting a system that size. it's about

getting a house big enough to house the bikes and do the work and some of the cost is also contingency so it wouldn't be 23 million dollars every 7 to 10 years it would be something less than that. >> do we know how for example new york has a -- city bank under wrote a lot of the cost of that system do they have an arrangement of how bikes will be replaced if they wear out? do we know how to approach that? >> no. we're still in the honeymoon period. >> so doesn't contemplate what the renewal structure will be. >> i don't think. i don't remember anything in there about replacing the equipment. >> so city bank sort of

advertising opportunities and so one could see that that might be something that continued and be a sustainable structure for them it was actually an development bank that under wrote the initial investment and city bank is paying them back for the add revenue that goes along with the sponsor ship. >> and there would be a time horizon so that could address the long-term capital needs? >> i think it's a five year contract with city bank. >> all right. great. thank you. >> anything else? >> thank you very much. >> thank you and thank you for your work and congratulations for getting the pilot off the ground. we'll move to public comment. i have 4 public

comment cards. >> good afternoon. my name is pat valentino i live in district 6 i've used bike share since the beginning i've taken over ninety trips including my trip here today. it's very clear that there's high demand for an increase in the number of stations as far as statistics go for my use i took a look at them before i came here all of my trips have been within 3 minute and see 16 minutes including one that was 28 and a half minutes. one of the things i think that's great about bike share in addition to some of the comments made today

increases the visibility of bike usage in the city. and people are very curious about what it's about and what the department of transportation showed bike share programs make other people want to get on bikes so i think programs like this can help a lot. i also think getting more people on bikes then i think will make people more aware of the importance of bike safety and i know that for myself riding on second street has changed how i think about what second street should look like what folsom street should look like and also been discussed accessibility for all it's an

inexpensive form of transit and that's what i have for you. >> thank you. peter from his office is here so if you want to speak on behalf of supervisor mar, that would be great. >> thank you chair. supervisors my name is peter lauderbo r.n. e the supervisor wanted me to come and reiterate the strong support for the project and also as a director of the bay area management district to make sure it's in the highest use areas and is interested to find a sponsor so thank you all for having this hearing and thanks to the

bicycle coalition that helped bring it forward thank you. >> thank you very much. okay we'll now go back to public comment. >> hi madeline -- i wanted to say that i was not able -- i'm a member because i would be a block away anyway polk street is the popular destination it does complete a big cycling loop. many workers commute up polk street to serve the establishments in the area and also traversed by many transit lines as well. it would also be a very good transit option

for those who do not have places big enough and parking storage in their buildings which we know is going to be an increasing number so equity is served by providing jobs for people on polk street who are working in that entire delta and also i wanted to say that obviously a lot of people in our organization are very excited about the possibility of their being bike share in the polk corridor to witness all the tweets and retweets and re-plies i think i'm not allowed to ask questions directly but we'd like to see an effort for crowd funding for some of the stations. people feel much more invested in their civic space when they have had a roll like that thank you. >> thank you very much.

>> good evening. afternoon. sorry about the voice but -- anyway, so i wanted to bring up first of all the point that bike share is a great idea. i had some questions that i wanted to talk about real quick like where are they deployed and what are the service areas and in what communities are they posted and number 2, who do they serve? who are the riders? are they tourists, community, business persons? 3, what are the local business opportunities ie jobs local hiring etc. and then 4. -- what are the economic balances

of like share how will low income folks deal with issues like credit cards and you know inabilities to be able to use those facilities? i want to also add that you know, in connecting to this whole thing is bike education and for neighborhoods and who will do the outreach and who are the local vendors that do the outreach i live in a community that's not even on the map unfortunately like we have places that can attract a lot of bike riders and finally i want to just ask regarding safety rules and in relation to schools are the schools being

able to use this and such as city college and state college and lastly, i want to know who are the members of the pool. >> thank you miss hodge? >> good afternoon. i'm kate hodge from the san francisco bicycle coalition. i'm going to hand you documents if i'm allowed to do that here sharing some good news very excited about. independent poling found that 2 thirds of san francisco ans want bike sharing to expand to san francisco neighborhoods i'm very excited about that finding as we're hearing today many many letters to the mayor have been xhg over different months we're hearing

from the marina, the bay view, inner sunset out er sunset richmond and neighborhoods you represent there's tremendous demand and the city has certainly paid attention to move to serve that demand and to extend the benefits of biking to as many people as possible to continue to open up bicycling and benefits to the city in general and thank you i appreciate your ongoing concern on this issue and we hope to work with everyone in the city to move this program forward quickly. >> thank you very much. >> good afternoon supervisors

i'm mike solomon from the mission i'm seeing a lot of folks riding the bicycles there and safety is an issue. there's that much congestion we'll have to figure out ways that bike sharing doesn't delay transit because it's so popular so if you look at things like the richmond golden gate park i doubt i could bike from bay to breakers in 35 minutes and i'm a strong cyclist so to get san francisco neighborhood served it's going to be a one way

commute ask thank you is there any additional public comment. seeing none public comment is closed i really want to thank mta i think it's an exciting program so with that our

colleagues get a motion to continue this item. >> first i want to thank our city staff and specifically since there were comments about my district i know we want more bike sharing all over the city but especially in the densist neighborhoods in the city in the north east polk street area and happy to work with folks as you are looking for sites on that and with that i'm happy to make the motion. >> i also appreciate one of the comments which is about our schools and i do remember when i sat on the board of education a huge issue for our teachers in particular was a lack of ability to lock their bikes on

school sites and the lack of bike parking so i think it does make sense to explore maybe a couple of schools to pilot maybe high schools but i think it would be amazing if we start to see students and teachers able to use it in the morning and bike back to their after school programs in the afternoon. and it makes sense to have them near cultural attract ions and i think our bikes are the best looking it's great being in other city and see seeing other people use bike share

>> so the motion is to call the

chair and we will take that without objection. thank you everyone. madam clerk is there >> all right. guys i'm going to go ahead and get started. welcome to the opening celebration of newest location at the gary and sonic (clapping) >> i'm mesht i'm the senior group director of target stores in the bay area. i'm happy to be here. at take the we take pride in knowing our guests and our store leader is a perfect example she's a analyst san franciscan laej please join me in a welcome

of '86 many >> thank you meredith. good evening, everyone. i'm so excited to be here today and would like to kickoff the celebration for thanking each of you. i want to recognize mayor ed lee and supervisor ed farrell and supervisor mar of district one and also our executive vp eric mcdowned and we have our beloved mascot thank you so much for being here. (barking) today is a very excited day for target in san francisco. i grew up in san francisco and everyone since i was a little

girl but i didn't know i would be running one one day. as some of you know city target a relatively new development to commencement the consequence and friendly shopping experience to this neighborhood. this city take the will offer local manufactures to meet the needs off our guests. we are very excited to provide a place for people to work for those who live nearby and ride muni. we intend to continue our reputation of being a good neighbor in the local community. navigate in 2012 target attributed over 1 and a half million dollars to organizations

in the san francisco community (clapping) thank you just last friday, a one hundred and 50 target team members from all over the bay air come out to volunteer their time in the excelsior district to make over their library. target attributed a total of $200,000 completing redesigning the new space and provided 2 thousand books to the staff and students and provided new first one and including many ipads every sibling got to take home a backpack. targeted is a huge supporter of arts and cultural institutions we invite bay areas he phone numbers phoning to come to neighbor day.

we support the local charters and target has contributions. so target is very, very buildings strongly in being able to provide and give back at that time, community we call home. in speaking of community i want to invite mayor ed lee he's been a huge supporter and it's my pleasure to introduce ed lee (clapping) >> well, thank you 46 i didn't and a congratulations for being a home ground girl by being able to manage a store in our great city. congratulations to the whole team. i'm going to ask the supervisors we have london and eric mary and

scott wiener my district looking for the target store. there it is. i wanted them beside me so we can be distinguished from the dog. i'm happy to be here. not only has target been such a great partner and i know we were together about a year ago to date where we opened the downtown store to the great delight of a lot of people. we had a great formula target had already worked with the mission call and the west side group and the work and development and produced a clear number of jobs and hired san francisco residents and today they've done it yet again.

it's been demonstrated, you know, tiffany went through the legacies with the fluoroscopic goals the library and the constant attention to our youth which target target is finding comfortable to be doing and they're there fouror summer jobs. this store will have over 4 hundred jobs maybe up to 4 hundred and 50 and 80 percent of their hires to date are san francisco residents and that's a whiff accomplishment. i know our supervisors enjoy hearing our residents getting hired at the stores because that's really what is effecting our positive economic recovery so to death figures in big time

from this larger economic system we have and i'm glad to see year after year with the backpack give away. the delivery of the ipads and your mailers. you don't have to be a tech company this is the philanthropy and the spirit of innovate by being a great store and partnering up with the rest of the city. this has been an under utilized space and a match the visibilitycy along the corridor and with the employment we're seeing with the local resident is incredible. i have to say to the store

management i picked a local girl because she's demonstrated her ability to recognize community and i like to see our residents top the leadership roles. by the way, i understand that she does a chinese new years eve with her dad so we'll be able to do martial arts (laughter) >> i'm so glad to be here with the celebration of the second-story of target opening up but with the hiring that's sensitive to what we all inside to see. it's my pleasure to give a proclamation i know the board will join me to sayingn