ry smooth operation out of the site. bus ramp completed archaeological work well and block 9 track to completion all of its investigations for the developer as well were all completed. now construction directly: now this time last year, january, 2014, we were talking about almost completing excavation. we were still put something micro piles in. we were doing very different things and we had just put in our first lift of concrete in january of 2014. and we felt we got a lot then but now at the end of the year, a tremendous amount of progress was made in the 12 months. especially with the bottom left-hand picture with the orange column there, showing that our steel coming out of the ground in 2014 was a very, very large accomplishment. and then you see in the top part of the graphic, the green is all of the walls that have been poured and the lower walls

and the blue portion is actually showing you all of the above the lower concourse cal. wall a lot of wall and a lot of concrete. under the buttress, bracing system was 100% in 2014 excavcation was 100% complete. micro file 1s00% complete and rebracing was installed and coordinated with the low-grade concrete, all done in 2014. the .0 contract, slab geothermal was completely intalented. the water photographing was completely installed as well. the slab foundation, the whole -- all 16 sections that the trains will run on some day was all poured out in 2014. train box lower walls below the lower concourse are 88% deplete as of the end of the year and lower slabs are 67%, basically

two-thirds of our lower concourse were poured by the end of 2014 with over 80,000 cubic yards of concrete poured in 2014. it was a very active year for that particular trade. steel super structure. a lot of fabrication and cost notes delivered almost 80% them are in oregon and the shop steel fabrication, four separate off-site locations has been ongoing. it started approximately during the summer and has been going very actively since then and will continue throughout the year with the steel, and of course, our steel in coming on-site is critical. this is a picture many of us were at the november 7th event. you see that first steel column

go up. by the end of the year, we had basket -- column assembles in place. this picture was done somewhere around the first of the year and you can see the first steel column in two months and since then, even more has been installed which steve will show in his presentation, where we are at today. also the bus ramps commenced. the contractor was awarded to shimmick back in may. the dem mission of the underground structures are completed. we have drilled and poured out 10 of the 29cidh, those 29 range in size from smaller is 2', but all of the 9'ers are almost completed today. coordinated with caltrans for the sterling street substation and a lot of utilities at the bay bridge as part of this contract and we completed and installed and tested out our

barrette piles for our pile finds and making sure those piles are behind us. utility relocation, completed construction of all six utility relocations. 100% sbe utilizization or participation and basically completed the awss system. finally. i know steve and i reported on that many, many times, but we finally got it by the end of the year. and also strengthened the pg&e conduits and duct banks and cleared block 5, which is of the gas and primary electrical services. now the workforce itself, 160 construction workers on-site on average every day. that is growing and i will show that in the detail of the p & l quarterly. 375,000 construction relate trade hours, bringing us 1.3

million total and have surpused 8400 jobs in 20 states that have been completed because of this project. this graphic happens to be through the end of november and it shows the various locations throughout the country that we are and will continue to add states as more trade packages come online. and there has -- through the whole year there were no work stoppages or labor shortages at all encountered. the outreach to veterans has been very rememberust and working with web core and we have about 90 veterans that are poised through vary suppliers and vendors for the transit center and anvil builders a dbe company received their second contract with the transit center for $15 million. that was their second one.

very much a success story for dbe and our collaboration with the united cantractored for "united for veterans" group. 30 veterans alone have been secured through that united for veterans' effort alone. the contractor outreach was very robust, business committees and networking events continue. we really increased our pre-bid meetings for every single package to provide as much networking opportunity to get the word out to get as much bidders as possible. it was ramped up in 2014 contract, we unbundled some contracts for small business to meet goals, outreach and certification assistance workshops continue and also the activitis we continue outreach for 72 chamber of commerces

throughout the bay area to get the word out about our projects. with that i will turn it over to sarah. >> as maria also mentioned the legislation has been approved and in december you authorized the executive director to vote in favor of the cfd and that occurred. block 5 is our most recent bid that came in 2014, 172.5 million for an office development behind the office building that tjpa is currently housed in. there is an exclusive negotiating agreement in place for that parcel and we expect to close escrow in fall of 2015. block 6/7 is in the photograph.

there it's been an active construction site for the past year and construction should complete on that towards the end of 2015. block 8 is another residential development, $70 million expected to close at the end of this year. in 2014, we also had the exclusive negotiating agreement put in place and both the ena and dbe have been approved and we'll see that close next month in mid-february. on the procurement side, we put out -- on the non-construction procurement and you authorized the award of that contract to ross &

baruzzini. we continued working closely with our federal partners, fta and fra and they recognized several best practices that they asked for us to write up to share with other grantees and we're in the process of getting that information to them now. they love the job's map as do many of our funding partners. on the risk management side, also with aft and fra, we did a refresh of our risk assessment and we were invited to present by fra at their first annual grantee conference on our risk assessment practices and we went to washington, d.c. in august to present on that and we continue to have our quarterly risk management

meetings. disadvantaged business enterprise and small businesses we awarded $258 million in contracts to dbes and sbes to-date. on the professional services side, you can see that more than half of our subconsultants are sbes and about -- well, 13 of the primes are also sbes. and then on the construction side you see that the vast majority of the lower tiered subcontractors are sbes and that is great and continue to encourage web corp. to keep those numbers up. this table is the year by year target that is reported to dbe, or to fta for dbee wards and

we have exceeded those targets and now we report in groups of three years to fta. funding, ac transit passed through their annual security allocation of about $2.1 million. those grants are being used for construction, trade packaged and the most recent one on the steel package. we received $3.5 in bridge toll grants that are being used on the cmgc contract and $47.7 million from prop k that is funding a mix of administrative costs, professional services and a fair amount of construction as well. we we executed two tifia loan amendments and as maria mentioned we're targeting next week for the close of the bridge loan. moving forward into 2015, we'll

continue to seek discretionary funding d.o.t., fema, any other opportunities that present themselves, including the state of california, with the cap and trade funds and other funds that may be available. we will continue to work towards the formation of the community business district, which will provide maintenance and operation funds for the rooftop park and we'll continue to seek full funding for phase 2 and considering the delivery methoded for methods for that project. with that, i will hand it over to scott. >> hi, good afternoon, directors. we had good outcomes with our community outreich this year and i will give some specificks in a moment. just to start, we of course continued all of our regular ongoing outreach activities. we have monthly community meetings that we held at tjpa

the third wednesday at every month at noon in our large conference room. we continue with our ten-day construction outlooks that we send out to nearly 2,000 recipients every week at this point. we of course continue to have a 24-hour hotline that any neighbor as round the site with questions can call and ask. we continue to do our quarterly newsletters which are a great opportunity to highlight not only our construction progress, but various program milestones. we're particularly proud of the statistic that you see at the bottom of slide, continuing to have year over year reductions in compliants. that is just a six-month figure and each of the full-years of 2012, 2013 and into 2014 we continue to have reductions. this year that occurred in an environment where we had significant new work occurring.

we began of course our steel construction and work on the bus ramp and the bus ramp in particular was in a new geographic area and we have new neighbors surrounding the bus ramp, but thanks to the strong work of our outreach team, particularly our pr consultants at singer associates and majority team at turner we were able to have these good outcomes and actually in the middle of the last year, mid-20 14 we were approached by the department of building inspection and they wanted to talk to us about our outreach effort because they have seen the good results we have been having. we had had a similar meeting in mid-2013 where a representative from central subway talked to us how about we conduct our outreach and community relations because of the good outcomes that we produced? so in addition to continuing that work to educate our neighbors about the work that has been going on throughout the year,

we of course look for opportunities for staff to give presentations and participate on panels. you see on this slide a list of examples of some of those presentations, including one of our former interns asking our executive director to come give the commencement address at her high school back in june, which was really exciting. we continue to conduct tours and 60 tours to various school groups, business groups, trade organizations, taking people down onto the site. we did targeted outreach to the businesses and residents that are in the area, surrounding the bus ramps, because again that is a new geographic area outside of the footprint of the transit center. we continue to make our website as user-friendly as possible and components in particular the faces of transbay, where we

do interviews with various member of our team working on aspects of the transit center. this past year we added interviews with two new members of our construction team, as well as a montage of interviews with our interns from this past summer. you may remember from our update last year in 2013, we put a lot of effort into really expanding our social media efforts. did a lot more postings and continued that through 2014. and had some good results. on facebook we more than doubled our number of likes and we now have more than 2100 likes on facebook. we doubled our number of instagram followers and increased our number of twitter followers by about 25%. here you see some examples of our social media postings and outreach and the role that the transit center plays in the role of the bay area sustainability and so forth.

media coverage is another important aspect of our community outreach and for that reason we regularly do site tours with members of the media. we were able to secure good coverage of our structure steel event in november and ongoing coverage of the successful formation of the melaruse district and able to get coverage of the role it will play in the high-speed rail on all of the local networks, abc, nbc, cbs and fox. we're very proud of that. had some good features in print. our [skao*-uft/] director named deal maker of the year, a significant honor and a great way to draw positive attention to the project by the san francisco examiner. and an additional feature on abc 7 news, as well as a

feature in 7x7 magazine. so we're going to now talk about some of our plans for 2015 and i will start with community outreach. of course we'll continue with all of the efforts i just described, focused on the work that will occur this year, largely in the areas of steel construction and bus ramp and continue to look for opportunities to participate in community events, and to highlight not just our construction progress, but the various unique design and engineering elements of the transit center. so with that, i'm going to turn it back over to mark. >> thank you, scott. for 2015, we expect to award the remaining trade packages by the middle of this year, with the exception of the ip network. for the ip network we plan to complete the procurement planing in may and begin the site readiness phase at that time. we also will continue development of the final design.

we expect to complete the final design in the spring of 2016 and award the ip network in august of 2016. we also begin the development of tenant improvement construction documents for greyhound and am track facilitis in the new transit center. for the bus storage we expect to complete the final design in the fall and be ready to award the contracted at the end of the this year. the award of the bus storage is capital independent and we'll look at cash flow and see when it can be done? based on the current groups scheduled and expect to bring to the board 9 packages including the miscellaneous metals, metal panels, design services portion for the metal

ceilings can ch is a design package, glass floors for rooftop park. rollup doors and [tkpr-eul/]s. the design services portion for glass curtain wall which is also a design-build. the civil sitework and roofing and water-proofing and ground-level landscaping. between may and june we currently expect to come -- recommend to the board for award eight packages with estimated value of $158 million. this includes the topping slabs, crash rail and bus duck package and construction services for the ceiling. exterior awning and glass curtain walls design-build. the overhead catenary system upgrade and rooftop parklanding and interior finishes and

terrazo. the cmgc may combine or introduce more packages, but we intend to award all of them by june of this year. for the btx we expect to join caltrain with approval of the environmental impact statement this year and congratulations to caltrain for certifying the eir for the caltrain implication and we'll get ours pretty soon and we continue to explore more detailed delivery methods and continue our close coordination with the project stakeholders including california high-speed rail, caltrain, fatah and fra and the city. we intend to present in the february meeting the rfp for the transit center sponsorship naming rights and plan to issue those in february and receive proposals in april and recommend to the board for approval in may.

the name will be used to fund the rooftop park and expect to close escrow on the sale of blocks 8, 9 and 5 this year, and release an rfp for the sale of block f, parcel f. we'll continue our risk assessment effort and update our risk management plan to include the latest exposures and update requirements for contingency levels.eds we plan to present to the board at the may meeting an update to the budget for phase 1, that will take into account any monies brought in from the naming rights and additional proceeds from the sale of block 5. also additional funding that may be needed to construct rooftop park and to replace contingencies as well. we also for 2015, for the program, we're also scheduled to complete the operations and

maintenance study for the transit center. we anticipate to issue the rfp for the master retail in march and award in fall and expect to complete the archaeological resource reports for block 6, the transit center and bus ramp and continue our coordination with bart and participate in the upcoming capacity study for the embarcadero and montgomery stations to ensure that the embarcadero station accommodates our pedestrian connection from the transit center. with that, i will turn it over to dennis. >> i'm going to wrap up our presentation here with the last few slides with what can expect to see in construction in the upcoming year. we're going complete all of the train box lower walls. complete the lower concourse slabs.

we're going to begin the train box upper wallserly our lift 4 as we could call them and super structure concrete. continue the structural steel installation will happen throughout the year and begin mechanical, electrical and plumbing and begin concrete pours over metal decking and essentially all of the steel we'll putting up will have concrete on all levels. and essentially the shimmick contract will be completed this year. so that essentially wraps up a lot of that. and then mep showing up. bus ramps we'll complete all the cidh pile and complete utilities and complete retaining walls and bridge abutments and excavation and install the false work and we're going to see a lot of false work in the very near future and we're going to see the cable-stayed bridge pile-on

rise out of the ground now that the foundation itself is down and cured out and the pile cap is being poured. we'll come out of ground for the bus ramp, the cable-stay bridge pylon. i want to leave with where we'll be at 2016 at this time. most of the steel will be installed by the end of this year, with only leaving the eastern side, that would be beale street at the far eastern end still to remain. of all of that steel, there will be a lot of concrete poured on it and mep, all as we get what it looks like from a year from now. thank you for listening to all of us and if there are any questions, we're happy to entertain those. thank you. >> thank you, that was a very comprehensive new year report and thank you to all of the

staff members for putting that together. any questions? director reiskin? >> just one. first of all, i agree, that was great, really a phenomenal walk through 2014 and look to 2015. that was a lot that was accomplished in 2014. that was a great yeah, particularly seeing the steel start to come out of the ground. one question, one thing that mark said, the bus storage design will be complete in the fall, and then projected to go out to bid at the end of the year. but he mentioned that there may be cash flow issues with that. so i guess my questioned associated with that are first of all, to what extent the bus

storage is on the critical path? and what mechanisms if any, do we have? can we use any part of our loan? do we have access to commercial paper or other ways that we cannot be in a position where we're ready to go, but not able to do so just for the fact of not having cash flow available? >> the bus storage will be on the critical path if we don't award it by the 1st quarter of 2016. we need a good year to finish the bus storage. if we award it the 1st quarter of 2016, it will expect to be done 1st quarter, middle of 2017 and that gives us a good cushion. the reason i mentioned the cash flow and bus storage is in the budget and current estimate for the bus storage is a couple million dollars over our budget. once we get the bridge loan, sarah and i will be looking at the cash flow projections when the money is coming in and

determine when we can award it. being a little bit pessimistic by saying that it's cash-flow dependent, but i think we have a work around. >> the cfo is supposed to be the pessimistic one, you are supposed to be the optimistic one. [laughter ]. >> as you recall, we applied several times now for tiger and had hoped that this would come through as a supreme court for the bus storage and since we haven't been successful to-date with, that we'll just need to identify funding. >> i'm sorry, is this a funding issue or a financing issue? i thought this was all within the 1.899? >> the plan for -- you will recall when we passed the july, 2013 budget we netted out the funds that would not be available in the timeframe for phase 1 and those were the

funds planned to be used for bus storage. so we always did need to identify a funding source for bus storage. with the passage of the cfd, phase 1 is fully funded, $1.9 billion and it turns into more of a financing issue and when funds are available. >> okay. so is this -- have we engaged mtc in this? because this is money that we are expecting that is flowing down from state and won't be ready in time and we have a similar issue? >> we have talked to mtc. i don't think that anybody has any expectation that any sort of funding swap for r tip funds will be a possibility. but certainly we do talk with mtc fairly regularly will cash flow needs and financing and potential solutions. >> so if we don't get a tiger grant or something equivalent, what would be our current plan right now? >> then we would look at the

tifia loan, well the residual of the tifia. >> the excess? >> assume ing we pay the bridge loan off in a year; the tifia. >> and we'll know that in time? >> yes, with formation complete and land scales moving on schedule, we'll be able to draw-down on the tifia loan at the end of 2015. we'll then this have the tifia payment and residual and i apologize that is my cell phone that i did not turn off or turn down. >> great choice of music. [laughter ] >> they were really scrambling. [laughter ] [laughter ] >> director lee and then director harper. >> actually saw scott pull