i want to thank webcor/obayashi for qualifying s, giving us the chance to bid on the project. we are excited. director ford: thank you very much. >> that concludes that. no further members of the public have indicated they wish to address you on this item. director ford: it has been moved and seconded. all in favor? >> great. item nine is approved. item 10 is approving an amendment for contract 08-04- cmgc-000 authorizing webcor/obayashi to award a trade subcontract, thereby increasing authorized direct costs by $2,115,000 and increasing the authorized construction services fee by $173,430. >> directors, guy hollands will also report on this item. >> this trade package, again 100%, this covers water and sewer along first-rate that, and again critical path work. again happy to answer any questions you may have. director ford: do i have a motion? move, seconded. all those in favor? ok, motion carries. >> item 10 is approved. moving to item 11, authorizing the executive director to execute a contract modification #12 agreement 08-08-dm-000 with evans brothers for additional const

we also addewent into phase twof the webcor/obayashi contract. we were awarded $400 million to build the rail levels as part of phase one of the transit center. turner construction also started working with us in june 2010 and over 28,000 craft hours have been worked without injury to date. with respect to the bus storage, we have close coordination with caltrans on the seismic analysis and we continued coordinating with other state agencies, including the state fire marshal, fire department, and the pdpt. we continue working with high- speed rail and caltrain to finalize the design and growth structured to accommodate a growing population. we prepared design variances and will be presenting them shortly in the first quarter of 2011. program-wide activities, we have 13 properties we have acquired for voluntary sale. last year, the board approved the resolution of necessity, in order for us to acquire the remaining 12 properties for the transit center. we also completed a safety and security management plan. we have also continued a successful int

approving an amendment to contract no. 08-04-cmgc-000, authorizing webcor/obayashi joint venture to award a trade subcontract to balfour beatty infrastructure inc. as the responsible bidder submitting the lowest responsive bid in the amount of $187,251,070 for tg03 - buttress, shoring, and excavation, and thereby increasing authorized direct costs under contract no. 08-04- cmgc-000 by $187,251,070 and increasing the authorized construction services fee by $15,354,587.74. >> directors, we have brian who will present the item. we also have cheryl from legal counsel. chairman ford: thank you. >> good morning, directors. principal director, tjpa. this is the biggest contract we are putting out to date. i would like to run through the importance of what we are doing. it is the buttressed shoring excavation contract. the shoring wall will surround the area, will be 110 feet deep. the bottom of the wall will be 15 feet below the bottom of the excavation. the wall will provide a key below the water bearing sands, thus limiting the need for watering during subsequent excavation. by limiting this,

approving an amendment to contract no. 08-04-cmgc-000, authorizing webcor/obayashi joint venture to award a trade subcontract to m. squared construction incorporated as the responsible bidder submitting the lowest responsive bid in the amount of $2,452,000 for tg04.1: natoma street from first street to fremont street & fremont street between natoma and howard streets: water and sewer systems, and thereby increasing authorized direct costs under contract no. 08-04-cmgc-000 by $2,452,000 and increasing the authorized construction services fee by $201,064. >> steve will report on this item. >> motion to approve the amendment. >> [roll call] that is four ayes. item seven is approved. director ford: next item. >> item 8. audit presentation of the tjpa financial statements for fiscal year 2010. >> sarah will report on this item. >> i am actually going to invite our auditor to come up to present to you this morning. >> good morning. my name is david, and we are your auditors. i want to recognize the manager from the engagement who conducted most of the oversight and supervision. we are here to p