was just going to add from my participation in the abag association of the air governments and the mtc and joint and regional meetings that it will not be as intense as a process as the last bay area and it is focused and stream lined on the various points from our needs but also the other city's oakland and san jose and also the other parts of the region as well, thank you for the great presentation. >> i see no comments, let's up this up for public comment, is there anyone from the public that would like to speak. public comment is closed. if there is no other remarks from our staff, let's move on to the next item. item number 6, bart vision update. >> this is information. >> we have alan smith the acting director for planning for bart. >> good morning and thank you for inviting me to talk about the bart vision this morning, the study is a... let's see. it is a high level scan, we are trying to do a policy-based review of opportunities for investment over the long term future and so our challenge is to make the decisions among the capacity, the state of good repair and expansion proj

. >> i think that mtc is hiring (inaudible) to do the long range stuff looking at that and i believe that is what i heard, i don't know. >> i believe. >> and they have just started. >> i believe but a study was conducted almost, probably in the late 90s, on a second to, parallel to the tube and just for an fyi for the board, our station is designed to accommodate a rail crossing with a parallel tube to the east bay, i mean that we could accommodate the capitol corridor and assuming that the high speed rail is not in our station yet, but we are designed to accommodate it coming in through a second tube parallel to bater if the region were to so choose. and so we are designed for that. >> just relevant, because i was at a meeting at mtc yesterday, and they are kicking off what is called a core capacity study, and they had received most of the funding from the tiger grant that was just released and they have pulled in the key operators and there was discussion to also pull in tjpa so that they could visit the issues about the larger vision and really looking at the core capacity network

and in addition there are two private parcels the acquisition of which was funded by mtc and the two private parcels sit on either side, and so when that development opportunity is released they will be aggregated making it a more valuable parcel and mta funded that back before project was under construction and so we entered into a quitclaim agreement with mtc, such that if something happened in the project and either did not begin the construction or was not completed those parcels could revert back to them so that they could get some of their investments. and so they, will need to amend that quick claim agreement, and their programming and allocations committee approved that process yesterday. and it will go to the full commission next week, for approval. and cal transneeds to release the power of termination over the state parcels that make-up the pieces of collateral and with working with director sartipi staff and they will be and they are willing to do so, and in return a majority of the net proceeds coming will go into the trust account for land sales proceeds, and as such wi

the action we're seeking today is the authorize us to enter into an agreement with mtc. the lead agency, they have procured a consultant team for the effort. and our contribution is $300,000. we already appreciated those funds to us back at your september board meeting and that appropriation also covered staff time as part of the effort. so that's about all that i wanted to cover. the action is to authorize the executive director to enter into the agreement. there is an attachment to the memo. >> that sounds great. thank you very much. there are no questions. oh, commissioner tang has a commission. >> thank you, one quick question which is the study expected to come out. >> the study is just kicking off now. about a 2 1/2 year effort with interim deliverables intended to inform the regional transportation plan approved in 2017, and a lot of the plans will be in 2016. we will have a much more refined schedule of how the study will progress as we conclude startup, probably in the next month or so, and we envision substantial public involvement and have more information abo

hitting some significant, you know, achievements, working with, you know, cal train, and with the mtc and abag and then we have a number of projects that we have been able to see that go forward. and that we have really been the high point as well for the transportation authority and we are seeing too much and in the mobility agency come together for the leadership and the continuation of the doyle drive as well as the work around the ear for the geary bus, rapid transit, coming for us next year, and the leadership that she has shown within the transportation authority has been quite exceptional and we rated her, you know, according to that and we want to thank you, miss chang for your work and it is really been a pleasure to work with you this past year. i will be not serving as chair, after this year, but i know that there will be other folks coming in. but it has been a real pleasure to work with you and i have been proud in the work in the transportation authority and the collaborative lacing that is going on with the colleagues and the board and all around city hall. are we in op

san francisco, but also because on land use committee we have members of the caltrain board and the mtc as well. i think it's quite appropriate that this is going to be heard before this committee. so as many of our transportation players know, as we move forward with high-speed rail and electrification of caltrain, there has been a lot of discussion on how we can ensure shared compatibility of vehicle and also platform heights. in the near-term procurement to help us supplement and drive capacity and operational reliability and flexibility of a blended high-speed rail. caltrain service at transbay and for the entire caltrain high-speed rail blended service corridor into the foreseeable future. caltrain and the hawai'i .r.s. high-speed rail and regional partners in cooperating and developing both technical and operational solutions. this again is just a hearing. it's an informational hearing with our multiple agencies. certainly i know the city and county of san francisco has a strong interest in policies and imperatives moving forward and this is an opportunity to hear from all agencie

existing system as well as capitol investments for future con jeks and that study, is feeding into the mtc or the core capacity, for san francisco. and which is due out, later in 2015, at the beginning of 2016. >> thank you, commissioners that concludes our presentation and we are happy to answer any questions. >> colleagues any questions? >> could i just ask about that columbus avenue site that he kind of went through quickly, that was going to the theater site and it looks like the owner is preparing to build 19 units of housing but the mta have the first right of refusal, if they decide to sell, could you talk about how that impacts this proposal? >> briefly, having a large open site anywhere near a major construction site, and since north beach is a dense neighborhood, if either, the met and which is actually less disruptive is used you will have a place to stage, somewhere in the area and having that piece of property, when someone makes the staging east and her might actually have the consultants group that makes you having a less amount of grout on the columbus and powell streets to

. >> i will just, say that on that mtc and in the meetings right there at the bart station and i know that it used to be part of china town, with a lot of affordable and low income housing and the impact on the neighbors when the bart station goes in will be of interest to me as well. >> thank you. >> so, we intend to report to the board on the recommendations for the projects to advance for the further review and that completes my presentation and i am happy to answer any questions. >> so, i don't see any from my colleagues, so the director has the comments. >> thank you. >> thank you very much. >> thank you, and thank you so much for being here that was excellent. i just wanted to recognize ellen and her team's great work she and director on down with the staff have been very gracious and coordinating with us early, and engaging us, and getting input and in addition to the work that is already under way in the core of the system, and it will be embarking on a transit core capacity study to look a lot of these issues that the staff have raised i just want to highlight a couple of thi

claim if the parcels are not sold when the bridge loan is redeemed and we have been working with the mtc staff on that item and we have been working closely with ocii staff as well and as you can imagine, and the items were approved, at the ocii commission, and the beginning of this month. and they were two pieces of the legislation that were necessary, for the board of supervisors that same day, and we have them briefing the various board members, and kim, and it will go to the board's budget, and finance committee, next week as well on the 19th. and the budget analyst offices is going to be releasing a report tomorrow, i believe and we have been working closely with that office, for the information, in that report and the bottom line of that report, as in the draft that we have seen is that there is no fiscal impact to the city. the board is sitting as a committee of the whole for certain pieces of the legislation and that is, and it is calendared for december 9th and we have been getting indications of support, from all of the board members that we have briefed this far. and we have b

as casey pointed out we're talking amongst the nine funding partners, mtc, the counties, caltrans, etcetera and we're also looking at what the follow-on investments for future high-speed rail service in the corridor will require? and in order to get though that integrate rail service, there is more than some logic to expedite that investment, so we're addressing some of the issues, platform stations and others that will add to the benefit of integrated rail service in the corridor, to allow us to address this issue directly. >> are there specific sources that we know we can look to? >> certainly the advent of cap and trade to look at the possibilities. that is what we're in the process of doing. >> thank you so much, and i know this will be ongoing dialogue and we're just one of the counties that are super interested in the alignment issue and it's a regional issue, so there are probably a number of different perspectivesfrom a variety of counties, but from san francisco, there is probably a unified position that we would like to see uniform boarding platforms for our vehicles, seekin

regular basis to get together, between the authority and cal train, as well as our funding partner and mtc and the ta and our other partners to insure that we are moving as quickly as we can, and given those time constraints. >> okay, thank you. >> and i think that one of the, and director lee can speak to this, one of the big challenges for cal train, is that the notion that they will be running dual service for many years, and which would make the higher platform more difficult which is why, i think that it could present a significant funding challenge if we were going to try to get all of the cal train vehicles replaced, in a such shorter window. and but, that is, and i think that is perhaps part of the path towards the better 50 or 100 year solution. and >> if i may, what i might add to that and part of what is in the conversation in terms of the long term investment, in the corridor, with the advent of the cap and trade funds and it has given us the ability to advance the state wide program at accelerated level and one of the things that the authority is in the process of evaluating i

at the end of next year, and we have been working with usdot, cal trans, and ocii and the city and mtc, to make sure that all of the collateral can be made available in a timely manner and we will be coming back to you, in the near future, with final transaction, and or a form of transaction for you to approve and i am happy to answer any questions. >> are there any questions from board members? >> thank you. >> i would like to ask steve to provide the construction update. good morning, directors, turner construction, providing services for the tjpa and as the executive director pointed out, there are good progress this month and we did, put in place about 28,000 craft hours, and as of last night, all but striping and paving is left on the awss work and so we are out of the water there on mission street. and as far as the schedule, we are still tracking towards the end of 2017, and as we discussed before, we are looking forward to the start of the structural steel here shortly and work on mitigation activities to speed up the election if we can. and consider what we have discussed befo

. >> caller: [ inaudible ] corporation, mtc. >> a new -- everybody is now turning on their refiners.they believe that there's a lot of international refining capacity which has opened up to squeeze the margins. i say you have to stay away until that is debunked. i don't want to get ahead of the negative story. go to georgina in new jersey. >> caller: hi, jim. how are you? big boo-yah to you. >> i am good. >> so what's going on? >> caller: first of all want to tell you i love love love your show and i learn so much. so much. >> thank you. >> caller: infinity pharmaceutical. >> all right. stock took a big hit today and i don't know why. so therefore i'm not going to tell you that oh, i think it's some sort of jitters. let me go work and then i will come back like on friday when we had the homework on the biotechs. todd in north carolina. >> caller: boo-yah, coach cramer. >> buy ya. >> caller: sorry about the eagles. >> yeah. >> caller: question, what are you going to do, right? >> maybe suit up as quarterback. >> caller: i don't know, but hey, looking to buy white wave, good price unde

hitting some significant, you know, achievements, working with, you know, cal train, and with the mtc and abag and then