results of both efforts are presented to the sfcta board. a passionate discussion ensued among the c.a.c. members. there were three areas of concern of the resolution. the first were costs. assuming full funding can be secured along the critical path of phase two and any delays moving forward with phase two in this case, 30% will result to increased escalation. at this time estimated approximately $17 million a month. second, missed opportunities to obtain commitments of federal and state funding for phase two and third, until completion of the dtx and caltran and high speed rail will utilize forth -- fourth and king with caltran electrification delivered in 2022 and high speed rail in 2027. the nation and neighborhood window be handle to anticipated volumes of passengers, residents, workers and visitors with major infrastructure and station improvements. this is problematic. based on these concerns, the c.a.c. members would have preferred that the design activities continue with the conditions outline outlined in e c.t.a. resolution being m

board. the second focus area was under budgeting. they concluded that the sfcta's budget has typical budget information but is less detailed than others. after conversation with the board members here, we will be providing additional budgetary analysis and performance measures on our future budget items. in addition, schoberg recommended that perhaps we may want to bring in in-house i.t. and in-house legal counsel to the agency. we have performed an analysis and determined it's more efficient and cost effective if we were to continue to outsource these services, but as usual, we will always consider this as an option as we procure for our future consultants. they also made note that prince engineer positions has been vacant for numerous years due to the retirement of the person from that position. we plan to open that position in early 2018, as well. under the budget focus area, they also recommended that we hold semiannual roundtables with sponsor finance staff to discuss 5ypp's and strategic plan updates. earlier this year, we have met with the sponsors through t

that in addition to all of the public comments and meetings that sfcta have engaged in, you should know that for the last two years, the board has embarked on a very comprehensive meetings they the public are raising all the questions that you have been raising today. at issue here, we need to have a take away from all of the discussion is that in 2008 is one the state legislature enacted what we are now discussing here and you are taking all this time to put these together. as you know, you managed to pass all the milestones of the development for treasure island. they are planning -- that could take decades. we have gone to court and now we are beginning the infrastructure in order for us to develop this massive project. we have to start from the infrastructure. back to the cult told. one of the reasons that we cannot weight until we have 25,000 people there, is that this is the only project and the only neighborhood in san francisco for the first time. it will be served by ferry. we are actually subsidizing that we are also subsidizing m.c. transit and munimobile. i hope i can have some more time here. i think the board o

board and there is an interesting workshop for those of you interested in storytelling this sunday. the topic will be about the treasure island autonomous shuttle and that workshop will be co-hosted by sfcta, so if you are looking to acquire new story-telling skills, that will be a good one. >> president tsen: thank you. any other items? >> clerk: item 6, consent agenda. i proving the minutes of october 10, 2018 meeting. >> moved. >> second. >> president tsen: all those in favor? opposed? ayes have it. >> clerk: discussion of below market rate home ownership opportunities. >> i would like to invite our treasure island advisor to give an update on the project constructed on yerba buena island and opportunities for inclusionary, affordable units that will be in that building. >> good evening, directors. thank you for allowing me to present before you. i'm karen edelman, associated right-of-way services. and i've been working with bob beck and our team to engage the team and explore some opportunities we have coming up on the island. this evening, we want to run through our pending, below market rate program that's coming up for the new developments on yerba buena island. we're going to talk

second, we recommend that informational updates be provided to both the sfcta commission and the tjpa board on a regular basis. possiblyevery 4 to 6 weeks. based upon the updates, that the earliest time possible, when the commission and board are assured the intent of the resolution's conditions have been met, make the appropriate changes if any, recommended by either the sfcta staff or comptroller's office then lift the funding expense and restart the work of the 30% design for phase two. second, we moved on to the staff report. we were pleased to hear that the project team is making the finishing touches to the supplemental e.i.s. and e.i.r. we look for a presentation in our next c.a.c. meeting. as far as the update, we again want to thank the project team for their diligent work to this point and appreciate the thorough update on the work progressing to identify the root cause of the fissures in the steel beams specifics the process to extract the samples testing to be done by the l.p.i. labs. we also appreciate the precautions used not to jump to any speculation of root cause, associate