meet with the planners who spent the last 6 years, yes i am looking at you brad benson who have brought us to this moment and help us make that plan better. thank you director forbes. thank you mayor breed. thank you to lieutenant governor and thank you most of all to speaker nancy pelosi. [applause] >> thank you president peskin. yes, it was the voters who first put the money on the down payment. without that move, we wouldn't be here and it was a amazing investment. so, i think the best is saved for last. i am going to introduce a wonderful leader who has the incredible responsibility of balancing all of these capital planning needs across the city and figuring out how to phase and implement these needed improvements. she has been on the capital planning committee for some time. she has a incredible financial background and great mind and is an amazing thought leader and pushing us forward and also helping with the interdepartmental coordination which is complex now and only will become more complex. it is great distinction i introduce to you city administrator carmen chui. >> hello,b

brad benson. thanks for hearing this item today. so, the way the federal process works on the federal funding side is congress has to authorize the project first and then they can start appropriating funds first for design and then later for construction. we looked at other cities around the country. it is very infrequent project sponsors get full federal funded. it is [indiscernible] out over time, and on the local side, the 35 percent is too big for the city capital budget now. this is a major concern of director forbes at the port thinking from the capital planning committee perspective. we got to develop a range of local, regional and state sources. there is a possibility that federal sources could be counted as match, but only if they are authorized that way. there was predecessor work that was done in 2017 that lead to the bond proposition a, the sea wall earthquake safety bond lead to the recommendation to do this study and so we are going back and looking at those financial recommendations and ultimately director forbes want