will replace that with taxable debt and will provide some additional taxable funding required for wsip. these bonds were authorized by the board of supervisors ordinances and conjunction with the capital plans. >>>here's the sources and uses of funds for the refunding issue. it is almost $ 1.1 billion and these would include escrow deposits for refunding bonds cost of issuance and of course the underwriters discount for the services. >>>as you can see we have bond proceeds per amount of $295 million with a total commercial paper pay off of $239 million you can see $26 million from the wsip project fund and 29 million with the capitalized interest fund cost of issuance being $400,000. >>>this is a form of the transaction documents you can see the preliminary official statement would be the disclosure describing bond terms and condition of the water enterprise. item 2 would be the supplemental endeavors. the 21st 22nd and 23rd and that is an agreement between the sfpuc and investors. item 3 would be the notice of intention to sell and that notifies the financial community of pending bond

>>next item is item 8d; lessons learned wsip to ssip. >>good afternoon i am here to discuss the lessons learned from wsip to ssip. first i will discuss the topics that we will be going over today. we will discuss on the budgeting and contingency side we will utilize historic informationand we will apply this to the change order rates for what we can expect at least with contingency. we will be looking at what the city's economic factors are light and that enr. with contingencies when we sit with that project managers we go over there project schedules and scopes and the risk of their work and we look at the top risk to make sure that it is conservative for and asked. for instance, if it is something that works close to various risk for that project may have. >>>the next slide is project delivery. on the top in the light blue are the phases of any typical--any project that we are running. plan, design, construction or operation. oh, that is fuzz let me adjust that a little bit. >>>on the top you can see the analysis with the engineering p

the original agreement priority for the regional and design projects under the wsip with the tenaciously tracey and the san francisco ground water the original budget for the amendment was $99 but the schedule is seven years they've been two previous amendments that moiftsd the time and an amendment to add one project national anthem the pipeline simplistic upgrades that for the water plant project that that project was created essentially after little agreement was signed to acknowledge the fact there was a trace of the effect discovered underneath the tracey water plant we needed to create another project at a time and so this is a photo of hetch hetchy water long term project i'm glad to say we're 100 percent with the phase of project and this $2300 million project essentially allows us to sustainably treat one and 40 million gallons a day on the peninsula so this water treats water from the reservoirs and sdrblts to see to folks on the peninsula well on the peninsula as well as san francisco that project is complete so we no longer need the agreement for this project but need to fini

the original agreement priority for the regional and design projects under the wsip with the tenaciously tracey and the san francisco ground water the original budget for the amendment was $99 but the schedule is seven years they've been two previous amendments that moiftsd the time and an amendment to add one project national anthem the pipeline simplistic upgrades that for the water plant project that that project was created essentially after little agreement was signed to acknowledge the fact there was a trace of the effect discovered underneath the tracey water plant we needed to create another project at a time and so this is a photo of hetch hetchy water long term project i'm glad to say we're 100 percent with the phase of project and this $2300 million project essentially allows us to sustainably treat one and 40 million gallons a day on the peninsula so this water treats water from the reservoirs and sdrblts to see to folks on the peninsula well on the peninsula as well as san francisco that project is complete so we no longer need the agreement for this project but need to fini

are the highlights of water system or the water enterprise capital improvement plan as far as the wsip goes the program is currently 92 percent completed overall as you can see the breakdown between the local and the regional program a number 67 accomplishments to report i don't go through all i'd like to highlight the fourth major believability we have 40 of 43 projects this is exciting in the program. >> there is one major project the preconstruction the alameda creek the rendering of the pump station and we are 95 percent design phase completed and reviewing the administratively craft of eir currently of course, our largest project in construction will will be active to the end will be the calaveras project you've seen the slide a number of times i want to focus on the foundation for the new dam that will start construction this fall down stream of the existing dam this is essentially in the middle of the slide and point out something that happened on the abutment this slide shows the kind of the close up of the foundation where the new dam will be constructed you see a lot of activ

the original agreement priority for the regional and design projects under the wsip with the tenaciously tracey and the san francisco ground water the original budget for the amendment was $99 but the schedule is seven years they've been two previous amendments that moiftsd the time and an amendment to add one project national anthem the pipeline simplistic upgrades that for the water plant project that that project was created essentially after little agreement was signed to acknowledge the fact there was a trace of the effect discovered underneath the tracey water plant we needed to create another project at a time and so this is a photo of hetch hetchy water long term project i'm glad to say we're 100 percent with the phase of project and this $2300 million project essentially allows us to sustainably treat one and 40 million gallons a day on the peninsula so this water treats water from the reservoirs and sdrblts to see to folks on the peninsula well on the peninsula as well as san francisco that project is complete so we no longer need the agreement for this project but need to fini