All right. Good afternoon, everybody. We are all very excited to be here with you on behalf of secretary elaine chao. Our let our panelists introduce themselves in a moment. We want to let you know we appreciate how much you taking the time to be here with you today or to be with us today, youre a critical audience for us, representing the researchers, for advanced transportation, trv is an fantastic event. You tend to be a lot of people that understand what were saying more times than not and hearing from you helps to inform everything were doing. We appreciate everyone who came to the Human Trafficking panel earlier today. With safety being a top priority its something we need to take action on here and now. We look forward to you coming back later today. Well be talking about the secretarys top priority, to engage with these Innovative Technologies to ensure, to foster innovation while ensuring that the publics legitimate concerns over safety, security and privacy are kept on the fo
The people to stop talking in the audience. Okay roll call. Director brinkman. Lee present director ram on director ram on the scene director please be advised that director heinicke will be absence during todays meeting. Please be advised that the ringing of cell phones and pagers are prohibited. Anyone responsible for one going off may be asked to leave the rom so please turn your cell phones off because if you turn them on to vibrate it may cause microphone interference. Thank you. The regular meeting. Approved . Seconded. Any further discussion. They are approved. Thank you. Item 10. 2 e regarding california street had been removed from the agenda at the request of staff. Item 6 introduction of new or un finished business by Board Members. No new business. Congratulations to everybody on b and l that was a big day. Thank you. Item 7 directors report. Good afternoon members of the staff and public. A couple of things to just touch on today i think you just referenced one i was going
Think its our third revenue bond sale and in advance of the sale as we always do we go out to the Credit Rating agencies so that that they can assess the agency and the bond sale and very happy to report that both moodies and standard and poors upgraded us moodies from an aa 3 to aa aa 2 and standard and poors from an aa minus to an aa and as a result we have the highest rated bonds of any Transit Agency in the country so pretty strong achievement again an affirmation of some of what were doing and the report that was issued long with the comments and study trend of positive results and the level of autonomy we have and budging and rate setting the board adopted financial policies particularly the operating reserve and how much the city depends on the transportation and the strength of the region economies and the diversities of our mandates and revenues the board policy being a strong one and indexing one as being a strong part of what led them to create that upgrade. They did mention
The people to stop talking in the audience. Okay roll call. Director brinkman. Lee present director ram on director ram on the scene director please be advised that director heinicke will be absence during todays meeting. Please be advised that the ringing of cell phones and pagers are prohibited. Anyone responsible for one going off may be asked to leave the rom so please turn your cell phones off because if you turn them on to vibrate it may cause microphone interference. Thank you. The regular meeting. Approved . Seconded. Any further discussion. They are approved. Thank you. Item 10. 2 e regarding california street had been removed from the agenda at the request of staff. Item 6 introduction of new or un finished business by Board Members. No new business. Congratulations to everybody on b and l that was a big day. Thank you. Item 7 directors report. Good afternoon members of the staff and public. A couple of things to just touch on today i think you just referenced one i was going
Meet with the Controllers Office to close all of the codes that were that were no that were no longer using so the Consulting Company who they hired to do this validated what we believe is that to the extent there are any problems were addressing them and the project is measuring its cost accurately and its on schedule and budget as weve been telling you it is and then lastly we talked a number of meetings ago about the new light rail vehicle procurement so a little update from the survey from october 17th to november 4th we fielded a survey on the design of the new vehicles particularly the seating design but also a couple of other features got very good response nearly 9 thousand respondents representing every zip code within the the city we got that level of participation because of outreach that we did with our city Partner Agencies with Community Partners stakeholder groups and even going out doing things online being out in person on vehicles we were out at muni heritage at the w