clerk cheng: item number 6, recommend approval of the adoption of a baseline budget schedule and funding plan for phase 1 of the transbay transit center project. this is an action item. >> the project has three phases. the extension is referred to as phase two, and the redevelopment plan. in november 2007, the djba adopted a budget of 1 ,189,000,000. that included the foundations to prepare for future construction of the terminal. in this diagram, we show the bottom part boxed in gray would not be part of this initial scope. basically just the above ground portion, the foundations. the transbay center project is among san francisco's highest- priority project, identified as such in 3 plans. february last year, this board adopted the funding and supported the transbay transit center project to receive funds. the project has received support from the mayor, governors, and congressional delegation. in january 28 of this year, the department of transportation announced a grant of 2.25 billion dollars in ara funds for california, and included $700 million for the transbay transit project. the