is point that is required and the project has $81.2 million in reserve so when in april when the tunnel contracts reaches completion the required amount will be down to $75 million so that's more than more than adequate funding. >> thank you. >> and the final challenge because, of course, the project of this size has changes is that the revenue service date remains unchanged, however again based on the fta foundations the contingencies scheduled is lower the recommended amount project has about 4.8 months

contingency scheduled and the requirement is for 8 however, in april again, that's what we're talking about earlier that requirement will go down and deficit will be smaller won't disappear but go down to 4.2 months so the project is well positions to complete with the scheduled budget and that concludes my presentation. i'm also joined by john the mta's senior project manager. >> supervisor yee i have a general question related to that but not directly to our presentation anyone will have the answers. >> i guess as has it been

studied to extend to fisherman's wharf or not and what's the cost that of that. >> it's official together. >> right and everybody else has - >> we have the transportation authority staff directly with mta has finalized the feasibility study of that extension and looking at different options and station locations so, now it's a matter of continued to move forward and mta has indicated they like to reprioritize and kind of move forward work those things take time so it's not going to happen anytime soon but it is moving forward this actually came about from

the local contingent who actually came to the mta and requested that this extension be put you can on the burner at least. >> next speaker. >> not opportunity but on the burner that's where we are with that. >> director chang yes at the request of the community at the time that supervisor christensen was leading this they asked the planning department to look at the ability to extend the central subway to fisherman's wharf it is there it ranks from $$21 billion to $2 billion depending on the alternatives it is a wide range and mta has agreed to consider this within

our plan and undertook it at the citywide level and looking at other rail capacity needs we'll write them and have a proposal to have a presentation to the capacity plan that will be of interest. >> supervisor christensen. >> that will be welcome thank you i didn't will add i didn't plan on interject this but i'm getting enthusiastic response for all so i think we're going to be asked i want to be clear on the topic of funding where did our $75 million go and how are we're going to make it up is there small business that can answer that question what's the state doing with our money. >> i'll answer all those questions

the $75 million is really a cash flow issue we're looking at so the funds are guaranteed to san francisco and city of san francisco we're looking at the fund ability across the state or the state meets overall they can't provide the cash within the period of the project immediately what we can do to meet the contingency to meet the gap in the contingency we have $100 million paper program we entered into just in case to keep the project funding going so the project can pay off that's up to 2018 we're exploring and have explored with the metropolitan transportation we've looking at internally how to take the dollars and swap out over 7, 8, 9 to meet cash flows needs we'll have to take the

$75 million and swap it out with funds with the mta so it is complicated we went through assault weapons on projects and what might be feasible and it wouldn't work out united states way we hoped the fte requirement to reduce the contingency amount it is a problem we need to look at it and hopefully, we'll hope that the project continues on track to the full conspiracy is not needed matrix you've heard that state was said $75 million is the contingency we need so really managing 9 cash flow and working with the federal partners to get higher levels of that every year with the recommendations it is $165 million that is a little bit more than projected so more

cash up front we're not concerned with meeting the deliveryables but we have to escape out the $75 million. >> one more question so when the streets are replaced at union square there's money in the budget for the restoration of the roadways that are being displaced; right? you guys are going to put the street back when our done; right? (laughter). >> john the program director yes, we will supervisor. >> and currently the plan to replace them the way you founded them other studies for alternative. >> since you brought up that topic we had a successful winter walk we temporarily closed the street and opened and reopened

to the public for padded purposes that was a huge success with the residents alike i know that working with the union square improvement district they're interested in looking at a more permanent solution to that approach once we're complete with the central subway at the end of 2018 at this point from prior to 2018 the central staff will be more than happy to work with a complete street type of approach for the two blocks to stockton street but i think that the test case this winter was a huge success to put things into prospective we're have two more winter we'll be reopening the streets to pedestrian and hopefully learn from the experience and apply those lengths lops learned to future

opportunity to arrive a more complete streets for stockton. >> we're looking at the entire thirty stockton routes i'm w working with the mta to sort the continuous ideas to tie the ice cream study both that and i'm endeavor to do that. >> thank you. >> thank you. any other colleagues questions i'm glad to hear the project is moving forward and the only issue is the contingency that's a good thing i think we'll open up for public comment any public comment on item 7 seeing none, public comment is closed this was an informational item so item 8 please. item 8 instruction of new items introduction of new items. >> seeing none okay moving on

to item 9 and general public comment i'm sorry - >> oh, i apologize so public comment is there any public comment? seeing none, public comment is closed and now we'll move on to item 9 general public comment any members seeing none public comment is closed and item 10 and adjournment. >> thank you sfgovtv jessie larson and jonathan