what are the sfmta needs, especially someone project, and the debt. the official statement is a comprehensive story of the sfmta for investors, but you will note it is focused a little bit more or a little bit heavily on the risks flood. bondholders ask the question, what could go wrong, and if that goes wrong, where would that lead us? and those are questions that we need to address as part of your offering document. the offering document also has information on the bond ratings, assisting in the financing. we will have the financial statements, some general city operations, and it will also describe the undertakings that the sfmta makes to provide ongoing disclosure to the public markets about the sfmta. so many close with the take away, which is what u.s. commissioners should be doing with the preliminary official statement in your packet. first of all, you should review the draft. you should look at it, and if you have concerns about either inaccuracies or important issues that you feel may not be adequately addressed, you are encouraged to bring

the plan. there were ideas of every developing sfmta land for mixed usage, including the upper yard. that study has been on going. staff has been participating in the interagency advisory board. staff is here to present the findings. including progress on the feasibility study and the list of short-term projects moving forward. at this point, i will ask frank from sfmta to give that presentation. >> thank you, chester. good morning, commissioners. i am frank markovitz, a senior planner for the sfmta, also the project manager for the station capacity and conceptual engineering study. as you heard, i will first give a brief presentation on the broader study itself, which was funded by prop k. authority and other staff were involved. after some q&a, i will come back to talk briefly about the current prop k funding request, which is a little bit more narrowly focused. you have the draft final report, an executive summary in front of you. i am not going to attempt to cover many points in that study, but i will hit on some key findings and recommendations and next steps. this study group o

-- it is the sfmta's document. this is your story. in reviewing it, make sure that it tells the tale that you want to reflect. basically, the document should contain actual, verifiable information in a clear and understandable manner. i think that is the key point. observation one -- the sec and investors have exquisite 20/20 hindsight. that means that that fact that you -- well, we do not need to talk about that, that will be the key thing that a claim is made that should have been disclosed. we want to disclose everything without, obviously, burdening somebody in a blizzard of information. then, our decision point on whether to disclose or not to disclose -- well, look at observation one. remember, the sec can impose civil penalties and make recommendations to the doj. i did not mean to overemphasize that, but i do not mean to minimize it, either. my experience in san diego tells me that decent people that were trying to do the wrong thing had their careers ended by simply a lack of attention. i have been trying

the sfmta approve the process in their resolution. and the board of trustees has unanimously approved this as well in a meeting on june 20, 2011. the apartment -- the apartment found it consistent -- all of these items are part of the board filed. i am joined by lisa from the office of economic work force development. she has my personal gratitude for her tenacity to keep this moving forward and i am pleased to finally get this final piece of the puzzle for you today. i am happy to answer questions you might have. supervisor mar: seeing no questions, let us open it up for public comment. anyone like to speak? we have hannah stewart and brittany hammond that have signed up to speak. >> walter paulson. ♪ oh, city, take a look at me no you are there on the floor wanting me to have better land use now ♪ ♪ don't go thinking of want collegi don't want better college districts maybe i do ♪ supervisor mar: miss stewart, miss hammonds, please come forward. >> my hame is hannah stewart. my comment pertains to the first issue being the proper re

it has granted the sfmta $1.2 million for construction of the plaza. this is a context shot showing the area in yellow and the facilities of city college to the right. this is a little more detailed. you see the plaza area prospectively in green that is currently the bus loop. it will remain as such until funding is in place. i will give you more details and a second. this is a visual of what the plaza area will look like. we're going to transform the asphalt into this, a much more inviting area. this item is approval of a lease between the city and the city college. it will allow the city college to maintain and control with certain provisos for a term of 75 years. it is estimated the cost will be approximately $12 million over the term of the lease. it is reflecting much in liability -- the city college accepts that responsibility for the 75-year term. there is the gateway that you saw in the rendering. social and entertainment areas with a vending and retail uses that include a molehill vendors or a farmer's market. supervisor mar: mobile vendors li

one grant for $1.5 million is going to a joint venture of the sfmta and the city car share for electric bike sharing and car sharing demonstration. $480,000 them into the of 34 parking pricing in regulation study, which is going to be helpful for parking-based pricing options to fall on the environmental studies in the city. the last thing is that caltrans has done a pre-award audit of the authority, and we have a clean audit report. there are several items on the report, and i would be happy to answer questions about them. supervisor mirkarimi: thank you. supervisor campos: thank you very much. i wanted to make one general comment. one of the things that supervisor wiener and i have been working very diligently since we were appointed to the ntc was making sure that the funding issuance and other decisions are being made at the mtc and that we continue to speak with one voice. i think that we have managed to do that. i think it is especially important with some of the projects, especially those that perhaps did not receive the kind of rating that they should have, that we continue to s

to thank mayor lee for his commitment literally now almost two years ago to work with my office, the sfmta, city administrator's office to really figure out how we can roll out this new and exciting pilot project. and you're going to hear more about these details but the thing i will say in conclusion is with the city family coming together, we're going to provide another transit option for all of san francisco to hopefully bring us closer to our vision of a transit first city. with that i would like to welcome mayor lee to russian hill and welcome mayor lee has been a champion for car sharing and obviously making sure we have a transit first city. and i would like to invite him to say a few words. >> good morning. thank you, president chiu. yes, it was over two years ago where we began this conversation. but it also began with our own city fleet. and we were talking with city car share and zip car about how we can share vehicles and reduce carbon emissions and all of those great goals that mayor gavin newsome had announced that we wanted to really do enthusiastically. so if you see right

the profit the sfmta is making selling the dalliance is unacceptable. to read agency control of the business and at the same time make a profit out of it, it is a conflict of interest. i think it has got to be stopped, ok? thank you for your time. chairman nolan: thank you, sir. next speaker. who is next? secretary boomer: [reading names] chairman nolan: good afternoon. >> good afternoon, a board of directors. from the very beginning, there are several repeating concerns, cash -- repeating concerns, including the non responsiveness of the mta as well as the failure to disseminate information, as to when the meetings are, access to the notes from the nygaard study. the pair transit program, which your scheduled to vote on today. these issues were identified years ago and most recently five months ago. ban still, what is difficult to accept is one of the mta has not address these very real concerns, it is nonetheless proceeding with its vote as scheduled. we were actually advised that our concerns would be addressed next year, which is an exercise in futi

as well, the sfmta risks its reputation capital. of central relevance of us today is your responsibilities as board members in the chain of approval in the official statement. that is the document that will contain all of the materials, financial and operational information, that an investor will rely upon to make an informed investment decision. let me give you a little context. although municipal securities are not directly regulated by the united states securities and exchange commission, the sec does regulate the municipal market indirectly through its regulation of underwriters, broker-dealers, and other participants. it also does this by way of its enforcement action and through public pronouncements. recently, the chair of the sec and certain of its commissioners have made an improvement to the securities disclosures packet for the court objected. in a july 15, 2009 s speech, the chairman, mary schapiro, stated more needed to be done to put disclosure of securities on par with the disclosure of corporate. i plan to work to req

it is something that we at the sfmta have to manage to make it work, to enable transit to flow in keeping with the city transit first policy. parking is important. to manage it, we create rules and regulations. a lot of people may not like them, but it is what we need to do to make parking and transit work. the purpose of the rules and regulations are not to get people caught up in them, but to make transit work and make transportation work in san francisco. that leads us to technology. technology is important because it helps us to be able to do things more efficiently and effectively. most san franciscans like and have technology. we are bringing technology to where people are. most people have cell phones come smartphones. we are adopting our systems to work with what people have in their day-to-day lives. i am joined by a great group of people behind me. they will talk about an exciting initiative we are launching today that will be one of the most significant things to hit parking in san francisco in generations. i am honored to have a man for whom this technology is not very importa

we have commander in the operations bureau, the commander from the sfmta, the commander in chief of staff, and the commander from the operations bureau. this evening we are going to start with a few words from the chief of police gregory suhr. >> good evening. i want to thank everybody for being here. we are a very proud police department, rich in tradition. this week, we had a promotion ceremony on monday where we promoted sergeants, lieutenants, captains, and members of the command staff.

we have commander in the operations bureau, the commander from the sfmta, the commander in chief of staff

sell the medallion if he or she declines to execute a sales agreement within 15 days of notice that the sfmta has located a qualified medallion buyer who is prepared to proceed with the sale, and reopen a pilot program to specified medallion holders, an amending article 310 of division ii, to include a fine for failure to make the required number of wheelchair pickups per month. [reading names] chairman nolan: good afternoon. >> it is not my intention to embarrass anybody or myself. in 1977, a group of cabdrivers got together and bought yellow cab co-op, or yellow cab, which turned into yellow cab co-op. the next year, things changed. they took away transferability, and then they took it away, then they gave it back, took it back, they would turn the faucet on and shut the fossett off. this is people you are dealing with with families. this is not that easy. if you do not sell your medallion now, you cannot sell it. everyone has a different circumstance. in my case, i have kids at home i am trying to take care of. you just cannot turn on and turn it off. you have to have one policy for once a

we have commander in the operations bureau, the commander from the sfmta, the commander in chief of staff, and the commander from the operations bureau. this evening we are going to start with a few words from the chief of police gregory suhr. >> good evening. i want to thank everybody for being here. we are a very proud police department, rich in tradition. this week, we had a promotion ceremony on monday where we promoted sergeants, lieutenants, captains, and members of the command staff. we've recently brought back the retirement ceremony. i think for everyone in the police department, this particular ceremony stands above the rest. every day, the men and women of the san francisco police department go out and put it on the line every single day. they leave their families and little ones -- it is so great to see the kids and parents here. every day, they go out to put themselves between the bad guys themselves without us. more than every once in awhile, the officers do something extraordinary. you will hear some stories tonight that are going to make you amazed that someone would do th