item number six, for 601 townsend st., a request for office allocation for approximately 70 two thousand 600 square feet on the basement level within the urban mixed use zoning district and 68-x height and bulk district. currently, the subject property is occupied by adobe systems, inc. and received authorization for an office allocation of approximately two under 15,858 square feet on the first, second, and third floors in 1999. any additional comment will automatically remove these from the consent calendar. these items are before you for consideration. president fong: public comment? there are a couple of speaker cards? >> only for item 5. president fong: any public comment on these items other than item 5? >> [inaudible] president fong: which item number? that is number two. any other public comment other than item number two? or four or five? commissioner antonini? commissioner antonini: seeing none, a move to approve item 1, 3, and 6. >> second. >> thank you, commissioners. on the motion for approval of items one, three, and six as they are on your calendars. commissioner antonini:

down along townsend st., we will be excavating in what was the former mission bay, and moving along third street going into the land side of the old shoreline into the western end of the transit center. as you can see from this image, the transit center overlaps the old shorelines into -- over last the old shoreline. the images on the left are representative images of the types of construction we will be using to construct the tunnel. we'll be using a cut and cover construction approach. once we reach a third street, from there, moving on to second street, we will be using a mined tunnel approach. in terms of funding, of course, phase one of our program is fully funded. on the left, the myriad of funding sources that have gone into making that possible. important to that are the properties that were given to the city to help execute this program. the tax increment that will flow from them, but also san francisco stimulus funding. on the left-hand side, we have about $600 million of identified and committed funding towards the face to -- phase two program. these are only committed funding

down along townsend st., we will be excavating in what was the former mission bay, and moving along third street going into the land side of the old shoreline into the western end of the transit center. of the transit center. as you can see from this image,

of the program includes the downtown rail extension, which begins at seventh and townsend and drops below undercount in st. and moves on to second street and up into the transit center. it will also include the finished out of the lower two levels of the transit center for rail operations. you see a cross section of the transit center that we are designing. there are five levels, plus the rooftop park. the lowest to levels -- two levels, part of phase one, so that we can fit them out for real operations in phase two. the ground level occupies almost four city blocks. there is a mezzanine level but has some backup functions. the elevated bus? -- bus deck. and then the park on top of the transit center. just a few renderings on the status of design. this is an image on the south side of the station, which would be converted to a pedestrian mall. an image of the transit center with the rooftop park. our phase one construction schedule includes the portion we are currently engaged in, the excavation portion of construction. if you have been down to the site recently, the west end, we are down about 20 feet be