. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

the administrative code to cost criteria in award of construction management general contractor or cmg conrackets and allow for department discretion weighing cost and noncosts on a case by case basis. the advance nesz brt wagz lives an allowance of low are waiting threshold but i think the grand jury concluded and others confirms cost waiting for contracts is not the right way tong about them and should think about the value of the contract and the capacity of the contractor to deliver the thing we are asking for rather than in the front end of what may be a long project get cost estimates they have no religion to what may happen and do fighting about change orders for 10 years. so that , the first change would be that. the second thing the legislation would do is require and this is based on the 2022 civil grant jury report require chapter 6 departments to consider a contractor past performance when evaluating the award by requiring consult pass contractor performance evaluations. we did the prior board did mandate creation of a contractor performance data base that data base has not

what cmg continues to also do is, they do a great job of beating reasonable guidance. i mean, they had a mid -- they had, i think they had a high single digit guide on their comps, they came in at 10.9% we talk about this multiple, i've talked about this multiple, almost as much as we've talked about the burrito blowout over and over again on this show. for a long time, i -- i mean, not only have i been wrong on cmg for a long time, but this multipresident has been expense i for a long time. so, why should we think it's going to catch up now? i -- anyway, there's been so much that's been done here and i think this is a company that i don't think is fighting from a multiple dynamic i think, let's watch the consumer >> just one point with -- i don't know if it was morgan who interviewed the ceo in the last hour, he talked about having enough workers, which i thought was interesting, because they struggled for -- less than others, but had still struggled, and so, i don't know, maybe we're seeing a little bit of a supply and demand change in the labor market >> let's get t

tavern burger >> little tavern >> yes >> wow did a lot of damage to my system >> by the way, had a cmgexactly right >> that's going to be selling off the shelves, folks >> expensive stock it's been expensive for a long time love cmg even more now, tim. >> okay. i think it's very expensive. i wouldn't go near it. i felt that way for the last, like, 1,000 points on the stock. >> courtney? >> it's expensive. and you can't buy a chipotle burrito on national burrito day. i'm from san diego, so -- >> oh. nice >> maybe tomorrow, but not today. >> bang. >> burrito shame from courtney >> i love that >> mission style gal >> what? >> mission burrito >> san diego >> yes >> mission district. >> it's time for the final trade on this thursday tim seymour? >> well, altria. they gave some aggressive eps targets and i think they stay there. it's a great dividend and the company is priced poorly >> courtney? >> walmart i think actually especially with some of their growth strategies, i think it's a great play. >> dan nathan? >> talking about tim's pfizer and getting into that midpart of the year and peop

. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

talked about the frequency of the more affluent diner, whatever we're calling the person that walks into cmglet's get back to the analysis, so what you hear from the analyst community is, they're raising their prices based upon an addressable market size a lot of them actually base it upon what they think the percentage of the addressable market they can get. i think that addressable market -- you have to tell me, in this environment, where they've been able to raise prices 25% over the last couple years and other people have priced down -- i think this is as good as it gets but i've said this before. i've been wrong. >> yeah. karen? >> same. i -- you know, i -- i haven't liked it, it's just always been so expensive, but extraordinarily good at running an efficient, incredible business with huge growth. i -- i feel like it keeps happening and -- >> nice yogi >> yet, and here we are. is there a lot more to come on this tradedown trade >> right, if you believe it's happening, that's why you like walmart and that's why you like mcdonald's or whatever other restaurant or place you like, then why

. >> cmg architecture was brought to the project once they award the agreement between the city of sannited states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a pub

. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

the administrative code to cost criteria in award of construction management general contractor or cmg conrackets and allow for department discretion weighing cost and noncosts on a case by case basis. the advance nesz brt wagz lives an allowance of low are waiting threshold but i think the grand jury concluded and others confirms cost waiting for contracts is not the right way tong about them and should think about the value of the contract and the capacity of the contractor to deliver the thing we are asking for rather than in the front end of what may be a long project get cost estimates they have no religion to what may happen and do fighting about change orders for 10 years. so that , the first change would be that. the second thing the legislation would do is require and this is based on the 2022 civil grant jury report require chapter 6 departments to consider a contractor past performance when evaluating the award by requiring consult pass contractor performance evaluations. we did the prior board did mandate creation of a contractor performance data base that data base has not

. >> cmg architecture was brought to the project once they award the agreement between the city of sanarned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a public trust for a one to one s

there is the cmg operations and maintenance manual which i think is almost completed. that needs to be sent out to the board, the link or the actual document itself, and then further i believe you had an intern, a master's student that worked on surveying the different entities in the city and what they did, and that would be helpful for us as well so whatever information you can give us so that we can do our homework as well. i would say that a lot of us do have that knowledge and expertise ourselves, but it is good to see what has been gathered before, and then in going forward i really think it's important for us to take each meeting so you may have a road map on what issues and how you want to bring the information to the board as a whole whether it's done in committee or whether it's done at the board meetings but i do think we need to have regular meetings on this in order to be able to accomplish something in 2023, so thank you on that. okay. >> move to adjourn. >> next item 9 is discussion of future agenda items by directors. >> we said everything. >> okay. . >

the administrative code to cost criteria in award of construction management general contractor or cmg conrackets and allow for department discretion weighing cost and noncosts on a case by case basis. the advance nesz brt wagz lives an allowance of low are waiting threshold but i think the grand jury concluded and others confirms cost waiting for contracts is not the right way tong about them and should think about the value of the contract and the capacity of the contractor to deliver the thing we are asking for rather than in the front end of what may be a long project get cost estimates they have no religion to what may happen and do fighting about change orders for 10 years. so that , the first change would be that. the second thing the legislation would do is require and this is based on the 2022 civil grant jury report require chapter 6 departments to consider a contractor past performance when evaluating the award by requiring consult pass contractor performance evaluations. we did the prior board did mandate creation of a contractor performance data base that data base has not