i defendant's exhibit want to gloss over the costs these are the construction costs broken down in phase one and phase two and the phase two costs represent what the sponsors will be paying to the developer, once construction is completed at the milestone payment which we are nearing later this year. and as you can see, phase one and phase two, costs about $500 million and $360 million, respectively. >> and now the funding, the multiple sources that you are familiar with, and most notably 66 million in prop k funds, and the region has come in with 160 million dollars in contribution from the metropolitan transportation commission, and the golden gate bridge and the highway transportation district and the county and the state is making a contribution with the

largest shares coming from both the state and federal sources for this program. and now, a few recent construction pictures, and the arrow that you see here, and looking from the east, and as you can see, on your screen, the main post tunnels in the foreground as well as the battery tunnels leading up to the golden gate bridge toll plaza and here is a shot looking back towards the city and you can see in the foreground here the battery tunnels with the main post tunnels, and further in the view. here is a shot of the highway one, hook ramp and this is the 101 interchange and this is a better shot of the toll bridge plaza and i have got a better shot of the hook ramp right

here and which looks much different than that today, this is just a few short months ago, and this is, this is constructed. and here is a shot of the northbound battery tunnel under construction, again is completed, and all of the structures complete. and this is a nice shot of the northern portals of the main post tunnels and as you see, in the foreground, the detour, which will be the demolished in the upcoming traffic closure which i will talk more about, but this is, and you will recall that this was just installed for phase one to achieve the seismic safety and to get the traveling public on to the new roadway and this piece will have to come out to make the final connection. >> and here is finally, my last photo is the tennessee, interchange, which you can see a new connection that is being

made -- and this is going to be a new connection and access to the park and vice versa, once this is over. >> all of the contracts and the project contain the small business and disadvantaged business goals. and phase two, actually included a workforce development program. since the last quarterly, up date from the developer, from the first quarter of this year, the project has paid out, some 59 million dollars to small and disadvantaged businesses. something that we are very proud of. the transportation authority to implement the workforce development program on phase two, contracted with the san francisco office of economic

and workforce development, in cooperation with the developer for phase two, worked with the city bill academy and the first service programs to implement this contract requirement. and through that, the, the glc, and the golden link, committed to offer no fewer than 50 percent of all new hires coming from the bay area for this project. >> and in terms of how it is requested, the glc exceeded their goals, and they actually ended up filling some 80 percent of all new hires from the bay area and in san francisco, took the lion's share of that number. just i will show you here. >> and about 37 percent of all new hires on the project came from the city and county of san francisco. and that is through the city build and to their academy. and with the counties coming in

at 13 percent, and so, this is a break down, and but, something that we are certainly also proud of. so, phase two, has remained on schedule, despite the challenges and any, and any program or project of this size has challenges. and that, and the transportation authority, and cal transhave been working diligently with the trust trying to address the issues as they arise. and there have been senior level meetings and ongoing, negotiations to deal with any potential claims. and to keep the project moving, and keep the public sponsors on track with the funding that they have available. and one challenge, that also, an opportunity is the city of

the trust and it is partners and the golden gate, national parts controversy and the national park service have joined together to start a, if to take advantage of the new ep spaces being created by this project about 13 acres on top of the main post tunnels that connects the field and the main post, and they have it through the support through some interests that have been able to start a visioning process to enhance the landscape and the public use above those tunnels. and they have approached the project sponsors about trying to actually take over the final landscaping in this area and to create an efficiency and in a better use for the public, so that is something that the sponsors are looking at and if it is possible to do it without any impact to the project, and certainly keeping our commitments with the finishing this area of the project intact

and that is something that we are going to do. >> and so the traffic switch, and this is the final major mild stone and it is not the end of the project for phase two, but, the, target date for this is four day, beginning on may, 28th and with an opening of the june first. and this is not going to be a full closure to the golden gate bridge will be open and highway one will be open but the public should avoid this area, if at all cost and they have two, and they have to take the transit and ride your bike and this will be a bit of a disruption, and but necessary to finish the final configuration of the roadway. >> and here are we talked about.

is he what a fitting project to be here and the last one and thank you for the years of service and thank you to the ta, for all of the hard work on this. and tilly in particular and your entire team and i know that it has been years in the making. and mr. fisher for their work with our ta and i think that that relationship has been amazing and certainly is helpful for my office and so thank you, for all of your hard work. and mr. fisher, and i think that this is, you know, this is the beginning of what i think is going to be a lot of the future, and the major

transportation project and really a demonstration going forward as well about what the public, private partnerships can do and it is not without bumps in the road and i know that our ta and mr. lee have been working with the trust very hard and they have been, a landlord that has ste warded their land carefully to say the least. but, it is, i think that it is an amazing testimony of the per severe ans that we have gotten to where we are today and in the terms of the closure in a few weeks, by the way, is that the four and this final meeting last night? >> the final meet? ing >> it is may 28th. >> it is. ju. so everyone is aware it it is going to start on thursday, ten p.m. and friday traffic will be impacted and the normal commute and the idea is to be opened by monday morning, and the first time this happened, there was i was down there over the weekend and my children and i watched as the big cranes came in and it was like a scifi

movie but in real life and this will be a little bit different but i do think that we need to all get the word out that it is going to be a traffic nightmare for a few days and to the ex-at extent to the people that don't have to use that part of the city for transportation, the better. i know that our staff will do a great job making sure that those who do have to use the road will be able to get through as quick as possible. but also, a last comment about and just, seeing the magnitude of what has happened over the past few years and even touring it yesterday and the last tour was six or nine months ago and it is going to be such an amazing and we are two weeks away from the final switch and mr. fisher alluded to this, the opportunity of potentially having the trust take over, and the landscaping on top, and and what it might look like and i

think that this is going to be a spectacle that the san francisco residents and i would venture to say that they don't collapse how amazing it is going to be and i think that it is something that we are going to be able to look forward to and i am going to thank everyone and mr. fisher and for everyone for being involved in this and looking for ward to the opening and waking up at 4:00 in the morning and taking that first bus ride too, thanks, everyone. >> thank you. >> commissioner christensen? >> one question and, a few comments. >> so the park lands, was that not in the original agreement? >> and it is integration that have? and so this is something that has been added to the scope? >> not added to the scope and it is adjacent project. and one that i think has been accelerated to now and the parkway and this has been a park, project.

>> and so this is being taken on as an ad jukt projector added to it. >> by the trust. and there is, and there is one element of the drive and the parkway project that includes, final landscaping over, the tunnels and i think that there, the trust is going through their design and vision and process through that area and so the hope is that not to have to have the project finish, and install, something that they would nen immediately rip up because they are doing something different and so it would be a transfer of all of the obligation for them to finish it, and if that timing works out. >> it is more of an interim phase? >> well foxer them it is going to be a final phase. it would be reliefing the obligation to finish that segment and that is dictated by the document of what that should look like and so the trust will assume the obligation to install and

complete that. >> so i just want to say, having watched this project from my perspective, i can't talk about this project and this phase of it without evoking michael painter who stood on the top of the pal ace of fine arts and envisioned of what we are about ready to chrisen and i don't think that we can pay enough attention to that contribution or someone with a bold vision and what impact that can have when able and dedicated people take it up and actually bring it to from fruistio n where a bold idea has been carried through in a responsible and professional way to great results and i hope that any celebrations will include mr. painter and alexander and the other folks that really nurtured this egg before it hatched and this is just a personal interest that i get on whatever party list there is, because i think that

this is going to be a great day and i too am grateful that it is coming to pass, i can't wait. >> thank you very much. >> any other questions or comments? >> i see, tang would like to say a few words. >> tang and commissioners thank you to the commissioner farrell for joining us yesterday and for your leadership throughout the life of this project and it would not be fair to let the moment pass without thanking and commissioner christensen for mentioning michael painter and alexander and the director who championed this over the past 15 years really, and want to recall his leadership and to thank him and we will have the plenty of opportunities to do that in the coming weeks and months and this is an innovative project and the safety and the connectivity for all modes and the urban design and the project delivery which folks may not appreciate and understand that we have tried a different method that really har nasses the role and the

expertise and the financial capacity of the private sector working with the public and finally a shout out to the public, and this is not only a p3, it is a p2, and all the way up to the direct and her his team and headquarters as well as the district four and so thank you have youer mfp. >> thank you. >> and congratulations all around, i can't wait to drive, bike, or walk around there, when it is all done, so, thank you very much. >> and all right, i think that at this point we will open up item 6 to public comment? >> all right, any members of the public? no >> then public comment is closed for item six and, that was just an information item. and so we will move on to item seven. >> item seven, introduction of new items this is an information item. >> any introductions in colleagues? >> okay >> seeing none, public comment on item seven? >> seeing none, public comment on item seven is closed. and item eight. >> item 8. >> general public comment

>> any members of the public that wish to speak, seeing none, public comment is closed and item 9? >> adjournment. >> all right, meeting is adjourned, thank you very much.

>> good morning, today is may 12th, 2015 and, welcome to the finance committee of the san francisco county transportation authority, my name is john avalos the chair of this committee, and joined by commissioner eric mar and campos and we will be joined by other commissioners shortly, our clerk is steven, and today is committee meeting is brought to the public by sfgtv, staff, jessy larson and jonathan stockhouse and thank you for your work and, mr. clerk, could you please call the next item? >> item number one, roll call. >> avalos? >> present. >> campos in >> present. >> cohen? >> absent. >> kim? >> absent. >> mar. >> here. >> we have a quorum. >> okay, and could we call our consent calendar?