phase? >> that was programmed out in fiscal year 34. it's unlikely available for phase 2 as well. >> okay. that's a relative small amount. the tiffa loan? >> there are two components to the tiff a -- loan. when we entered into agreement with the department of transportation, the interest rate was locked in at a rate that we thought at that time was very attractive rate for the p g a, but as interest rate has declined, it's now below. so if we were to, if did i tive ya grease agrees to the new market, we are paying less interest in order to borrow greater amount. the second coverage is the ratio that they use in calculating the loan amount for which we can be authorized. the original coverage ratio was set at 3 times the coverage of the repayment with some of the land sales, transactions now being concluded. there is a little bit more certainty from the revenue of that tax increment and from the second component alone is to request a reduction in the ratio from 3 to 2-and-a-half. >> the only

i'm discuss phase one and our plans for phase two. and then i'll hand over the mike to another person. i'm proud inform announce that our project achieved phase one ahead of schedule and we received a temporary certificate of counselcy. we exceeded our goal by 7 percent and in addition we exceeded our projected final project costs will be approximately 48 and a half million dollars which is under our budget of $50 million. there's still two parts to be completed. itself the shore - you can see on the right hand of this picture is a gray box like item that's actually part of the 25 ton transform and the switchgear that is relocated from another part of pier 7 when we diminished that part of the project. we can't do the phrase 2 yet. the other item to the installation of the roof and sign. the inauguration of the support system will commence this week. there's a make up that shows how tall it was. we needed the mark up to decide when we needed this part. those letters will be started up in the latter part of may and the sign will be com

does that regard the sign in phase one or phase two? >> what happens if we disagree with the america's cups folk on the timing of putting our sicken up what recourse is there? >> the host agreement has in it a dispute resolution clause that has mediation through - there's a bind arbitration so it's very specifically donated what the avenue is to resolve this. >> it doesn't look like it's incomparable. >> how. other donors have given over $10,000? >> i believe there are 2. >> thank you. there any public comment? >> good afternoon tom with liveable city. i'm tempted to comment on the boats booking the signs. when the decision was made to locate the crews ship terminal here - let me go back. the two spaces are supposed to be left open on the other side on the end of the pier was supposed to be an open space but unfortunately, to put the cruise ship here means that public open space at the end of the pier won't be assessable when a boat comes in. the port now owes more open space. i'm on the committees to figure out where we could create an

phase two comes in august and phase three which is the far left is only there for the red bull event and involves putting tents and the teams are available to be met and talk to the public so that is only there for a short period of time. this is little marina green we have similar phases. phase one is the installation of bleachers and enable people to see the race. the race comes extremely close to the waterfront there and very popular last year, and phase two is the adding of some concessions as more attendance is expected at that time. here is big marina phase one in detail. you will notice along the north part there is a large set of bleachers. those bleachers -- some are open for free to the public especially at the beginning and then they become for sale. there will always be some available at no cost. there are concessions. there's a smaller stage than last year. there's a beer and wine garden. there's all sort of interactive displays. some of this is changing but nothing in a significant way. the larger block items like the bleachers are staying the same. here we add phase tw

the next phase of the recruitment is really the marketing phase. we're taking a unique approach in this phase because our recruitment time has been compressed. norly a recruitment of this natures out reach phase is six to eight weeks. i believe ours is a little over four weeks which means we have to double our resources and i am honored and pleased to have my partners with me today, daphne lablonk any one of the top recruiters in the united states and has contacts in the industry and did work for organizations. most recently she has been the leader in basically staffing the entire leadership team at the dallas area rapid transit district in dallas texas so she will be the point person with the transit relateds activities with this recruitment. we have brent buyers who is from southern california but she attended berkeley and she's a go bears person and we won't hold that against her. they will look at people from municipal organizations from cities or counties and their skills might fit nicely in terms of this particular recruitment and she will be

going back to phase two i wonder in you could articulate a little bit more about the projects in phase two and if there's any funding coming in prior to the issuance of bonds or is that subsequent to the bond sale in >> we're looking for community planning project to see how best to direct those dollars for crime scene cove park and pier 40 park and the blue greenway and park improvements and dave can answer many more questions about those specific project. we don't need the fund today but i'm going to ask david to answer the questions >> and more about the timing. >> david with the planning and development. you'll see in the first issuance there's planning money in plays for the pier 70 other than crane park. that will allow t us to continue with the design work. in addition there's design work for creek improvements which again is initiating the design plans and next it the design and policewomen's of those projects. this park is linked to the mission bay and we want to make certain we don't start that without understanding what the bay shore park is going to look like. and the green

they are not charging low income customers and will not be impacted in phase 1. they are not the ones being included in the program in the offset. >> just a question you have the first bullet, you talk about the phase 1 program meeting objective, a hundred percent renewable and financial support for low income customers, are we assuming the build out is in those numbers as well? >> yes. as planned. >> the decision to proceed with the program is a policy choice. it's not an economic necessity. it is purely a policy choice for this body. and what the rate board has after a number of sessions has come to a conclusion as well as that we have high confidence in p u c staff in how they are dealing with the analysis and the input from stake holders and a balance between affording the rates anden insuring the program is financially feasible. our concern, our concern is that the rates currently set is a premium rate. it's more expensive at the end of the day. we can concern around the fees ability of the markets in premium product given that when be look at the results, a

the phase four ones are orange. this would convey the ground water where it will be blended with the regional water system. the lake merced the southern more one on the moop would be checked by a short length the pips where the blended water would be pumped to two reservoirs using existing pipelines. after the ground water is belligerent it would be distributed to 60 percent of folks in southern california. so most of the water on the west side and the people he receiving the water would be the blind of water. this blend of water would continue to exceed all drinking water standards and it's our standards with the water system. now for a more delighted pipeline routes i'll start with the sunshine districts and golden gate park. those would be relatively small with a footprint about 15 hundred square feet and the building heights would be between 12 feet and 16 and a half street. those would be installed in the streets great grounded. construction of the well facilities would consist of underground facilities. the du

>> we do it at the oral interview phase and that's when it's scored in those phases. and again we are following -- >> is that mandated by city policy? or something that we have -- so we can exercise judgment in terms of how we want the process? >> you want to answer that? okay. >> good afternoon, commissioners, elaine, support staff. it is not mandated, we have discretions of how we treat references. one is to treat them in the process of minimum qualification review. wherein you score, administratively score whether the firms can advance to the oral interviews or alternatively have the staff provide a check and provide to the panel so they can score it and use in the scoring evaluation. i prefer the latter, and that's how this is structured. administrative staff will perform the reference check and provide to the panel to use in the evaluation. >> okay, and that administrative view and not that we want the details. but it seems like we have learned from previous issue. and to be sure that we understand. this is not related to the technical skill but we have other iss

we are bringing you the phase one budget no later than july, the revised one. and we are going to wait for the steel bids to come in. but the budget that sarah is talking about is a slice and that easily can be amended if depending on what we agree to in july so it is not an issue. so we are now in april, and there is may, june, by july we will bring you, because on april 25th we are putting out the bids for the three package and in may i am bringing you the cast notes and by the way i will give you all good news. we will be bringing you a contract for that and so remember, four packages we broken four into four packages the cast notes and the three zones and the cast notes, we are going to be bringing you a recommendation for a package that is under the engineer's estimate and so that is good news which is slightly under $16.2 million which was the engineer's estimate and so that is great. so now we have to get the other three packages at a fair and reasonable price and that is what we hope to do by providing for more competition and then in that, in july we w

>> that's the first phase. i wanted to ask as of today, of the 78 guest rooms none of them are ready? >> we are running around doing little here. >> are there which of the 78, any of the rooms are they ready? >> none of the rooms are currently 100 percent ready. about 30 rooms are about 80 percent finalized and within the 2 months we can finalize the 30 rooms and move the tenants into those rooms. are we doing the tourist rooms? there is no designation in which rooms are tourist. we are fixing these rooms so these tenants can shift over. >> there is 24 rooms being occupied, you are trying to if i can 30 rooms that are incomplete? >> yes. >> okay. >> i'm sorry, can i ask questions. the plan is once all 24 rooms are ready you are moving tenants. >> we can immediately shift people over to finish out . the way these rooms are set up is the plumbing lines runs vertical, setting up 6 rooms per floor. we are trying to finish 4 of these rooms so when we finish we can shift the whole section. >> who is dealing with the

in capital cases in arizona, there are phases. there's the guilt or innocence phase. after that there may be an aggravation phase where we have to find out whether or not there were aggravating factors. phase three, will she get the death penalty or not? the mitigator's role is to develop the humanity of this advent. they're more like social workers. they have to interview people and ask very personal, very uncomfortable questions about this defendant's history. they are absolutely critical, constitutionally required and the fact she's been 40 or so times, absolutely acceptable. nothing strange about that. in fact, the more, the better. if there is a conviction and if there is a death penalty, it is important that the death penalty mitigation specialist has been out there as many times as possible to develop the mitigation phase which may be longer than the guilt phase we're watching now. >> good point. so 45 visits that she's been combing jodi arias's mind for other people who feel the same way that patti felt about her. jean, if we end up in a death penalty phase, w

those are the elements of phase 1 program that we were seeking to be funding by the grant. the discretionary funds, the prs, when are applications for that due? >> i'm going to ask mary prior from our finance team to discuss that. we are in dialogue, i know with the city about tiger 5 program, but i'm not sure about the exact timeframe. >> also when we might hear about the tiffa. i know we made a request to introduce what is currently the norm and when we might know about that as well? >> later this week we'll be talking to tiffa staff and that should layout the application process. it does take some time. with rating agencies. we'll keep the board appraised of what's going on there. the tiger and prs, they are included but not on any funding bill. >> i think scott would know and to further answer your question, chairperson came on with tiffa. one of the things we'll need to have finalized is the budget and we are working on that soon. >> scott? >> scott, community outreach manager. as mary said the pnrs is not funded in the current year. last year congress approved through

where feasible we have planned for the addressing of the design guidance criteria in phase 2 and we've developed estimates of the cost for addressed the design guidance criteria in phase one of the transit center construction. to ensure the incorporation of those design of guidance criteria, we are seeking an authorization from the board to direct to incorporate those changes into design. and we will be as i mentioned, evaluating the steel bid and coming back to the board with an over all on the budget phase 1 and looking for additional revenue strategies. we are planning our revenue strategies on other funding opportunities to meet revised budget. it's important to recognize that in directing the design team to incorporate the design guidance criteria were not authorizing the construction of those changes or modifying the budget but the board would need to take action on a revising phase 1 budget before we reward packages that are incorporating those changes and we expect to bring a revised budget to you after further briefing the board. few words on the revenue picture. as we mention

fund that engineering phase that will come next month. and the last two things that i will highlight is the transportation plan is again, in that really big home stretch, we have made presentations to the director's working group and the technical advisor's committee and the citizen's committee on a variety of sort of the last projects that we will produce for putting the whole plan together and we have had an equity analysis and the core, network which is looking cumulatively at all of the impacts downtown and what is it doing to the roadway and transit system in place and also presented to, is the draft of the fiscally constrained scenario, we will bring the equity analysis, and the core circulation study to the plans and circulation committee next month and we are planning a major sftp and that will be unveil the fiscally constrained as well as (inaudible) additional revenues and the last bit on to the sftp as you may recall is the earlier out reach tool which had the budget and the city's budget czar for the day and that has won an aw

>> that's the first phase. i wanted to ask as of today, of the 78 guest rooms none of them are ready? >> we are running around doing little here. >> are there which of the 78, any of the rooms are they ready? >> none of the rooms are currently 100 percent ready. about 30 rooms are about 80 percent finalized and within the 2 months we can finalize the 30 rooms and move the tenants into those rooms. are we doing e

and an oncology drug that's in phase three studies for prostate cancer and phase two for breast cancer further along. isis has run up. so, look, just pull back. i'm just saying, pull back. like the one that started today with the stock down 48 cents or 2.8%. i don't think it's done. as i said at the top of the show, the market's battling for its soul right now. how about alnylam? here's another company that uses rna-based medicines to treat rare diseases. it's down to $22 and change. they have a strong pipeline, expect to have five products in late-stage development by 2015, around the corner, and i think stock can ultimately return to its $35 peak if they execute on its pipeline. not easy. difficult. difficult drugs to make. they have strong partnerships with larger players like novartis, decatur pharma, biogen, roche, glaxosmithkline, even monsanto. nice quarter today. it's revolutionary technology. again, ahead of the building blocks. the blueprints, the biggest drug candidates for a condition known as attr, a chronic, progressive, and often fatal form of amyloidosis. this drug is i

thank you. >> the sfmta has also requested the funds, prop k funds for planning and design phases of a project to convert standard crosswalks and continental crosswalks. on the slide before you you can see what these continental crosswalks will look like. up to 33 controlled and uncontrolled locations will be identified for this treatment. crosswalks along key high pedestrian [speaker not understood] corridors are being prioritized for these improvements. sfmta anticipates selection and design will be complete bid [speaker not understood]. on page 89 of your enclosure, you can view a list at this point for proposed locations. and finally, the department of public works has requested prop k funds for the construction and reconstruction of approximately 95 a-d-a curb compliant ramps and gutter and roadway work. you can view the curb ramp matrix, in other words, how they prioritize these requests on page 104 of your enclosure. and on page 105. this specific allocation request will require [speaker not understood] upon completion and design the department of public works submits to us fi

. >> when you were sitting there, you were going through what you call your awkward phase.hat hard? >> no, it was awesome. because i was oblivious. these are supposed to be the most beautiful people in the world, and i just really short an awkward and wearing oversized clothes. and i just think that's -- i think it's funny. i think it's great. >> reporter: and now at the ripe old age of 1 -- >> i feel like a warrior. >> reporter: she has established herself as a sort of oracle for the inner workings of the teenage psyche. she even give a ted talk on it. >> you can't d smart and pretty. you can't be a feminist who's also interested in fashion. >> reporter: but at 7:30 on a friday morn, sh's just your average high school junior getting ready for school. >> is there a murmur that goes up through the -- >> i don't think anyone cares. my school is really big. >> reporter: i heard you're really low key at school. >> i have weird outfits but i save them for out of school. >> reporter: but tabby leaves a double life. when she launched rookie, her online magazine, it got a million v