in the mlu. that the belief, or the term for that mlu will be for a period of three years, the three years, is on the rationale that is going to take roughly about a year for the housing office to be able to issue the rfp because of the work load in their pipeline that they are dealing with. and a lot of projects at this point. and usually take between two to three years to get entitlement and good for the upper fro ses and so we thought that three years will be ideal and during that three period year there is going to be a schedule of benchmarks by the selector and developer will need to meet like getting their design done and going through the required review process and those are going to have, deadlines. and we are asking, and we are proposing that the director of both, the port, and the housing office, be allowed, to extend those, in in between the dates, without coming back to the port commission, however, any extension, beyond that three year term will require your approval. basically the

. >> mentioned earlier that we wanted to provide a very quick refresher on the 2012 mlu that was put together by regional transportation entities that was put together finaling the release of a released business plan from the california, high speed rail authority and the revised business plan agreed to a blended system approach along the cal train corridor and allowing the cal train and high speed trail trains to use the same tracks along the cal train corridor and so we needed to come together and take a look at and negotiate, what infrastructure up grades would be needed along the cal train corridor in order to make it ready to accommodate both the cal train and the high speed rail and you see that list on this slide and most importantly from our perspective that included the dtx as well as cal train, electrickfiation and positive train control. and here is a list of the entities that were a party to the mlu or the major regional transportation entities including the djpa as well as mtc and the rail authority and the city and the cta and the cal train, and sam transand dta and the

and here is a list of the entities that were a party to the mlu or the major regional transportation entities including the djpa as well as mtc and the rail authority and the city and the cta and the cal train, and sam transand dta and the city of san jose. at the same time that the business plan was revised the high speed rail authority had agreed to release the early prop one a funds to the northern and southern book ends and the idea was that the early funds would be used to deliver, high speed rail, related up grades that could be completed and delivered to the public earlier, than the over all high speed rail system and so also, as part of this mlu it was negotiated that the funds that go to the northern book end would go to complete the cal train electric identification and positive train control because those are important regional projects and certainly relate to the transbay program as well in terms of the dtx and the benefits that were included in the mlu. and included in the reference to mtc resolution, 3434, which included the dtx in the transit expansion and it reiterate

and but having said that, also, in that mlu. is a commitment to the next incremental investment which is a blended system with the priority to the dtx project and i think that what is interesting, over the last couple of months, and maybe about a year. and it is after we got on board with the blended system. and there has been a need to talk about and a need to revisit a lot of things and because for a long time, we were planning for a high speed rail system that was a fully separate system. and so, when you design around that concept, and then you go from that to a system which is the blended system you have to revisit a lot of the assumptions and how you kill design things and i think that this is very timely and cal train, staff, is resourcing up to help, with this partnership, and i do want to mention to other things with laying out the theme of the incremental investment. the p3, concept, and i would definitely join with the rest of the board members that when we look at the feesbility of it, and that we really it will be a

focus of this board to phase two, and when we reemphasize what scott noted with regard to last year's mlu, that this project extending cal train and high speed rail to the transbay center, is the top priority in the region along with the bart to san jose and i think that was, as scott said really significant as was the designation of this as a project to secure the next round of the new starts funding and reemphasizing that the northern terminal of high speed rail will be at the transbay transit center not at fourth and king and i think that is, i think that is significant. and it was a significant statement from the region and i think that it is certainly in san francisco, in the region's best interest and we need to be working towards getting there. so, i think that obviously there is a lot that was covered in that presentation and it was great. and maybe, we want to kind of schedule forward, drilling down in to some of the areas that the director metcalf mentioned. and i think that starting even right is just at the extension of the box, and kind of understand, what that construction l