Right . Its moving through the board process. Supervisors peskin, tang and new safai have associated themselves with it. It has had one reading at rules committee, the second reading is tomorrow. And then it will be before the board for consideration and it is targeted for the june 5th ballot. But i just want to make sure that the main purpose and we talked about it as part of the Business Plan is that right now for new facilities, distribution, stuff that we cant fund through Revenue Bonds, we have to pay cash. And so this gives us a vehicle to debt finance using our revenue. And so we are unable to do that on any new facilities. So, that was the thinking of trying to make the power enterprise. We always had the ability for clean power, not cleanpowersf, but clean power, we have that authority already. But as barbara and they have said, we are separating the business units, or we have hechi and we want clean power to stand on its own. So we started having clean power, you know, at a really relied on the power enterprise and initiation or the start, but now we have it where its true and not codependent, so we want to continue that. Right. I understand that. I just was surprised to first learn about the power Revenue Bonds charter amendment, you know, at a board meeting, frankly. This is the first ive had it explained. I approach appreciate it. I have a number of questions. So, basically this is a line of credit. Yes. In simple terms. Im fuzzy on the Agreement Terms and one area the where am i here the line of credit, i dont mean the line of credit where just a sec. Oh, the debt service ratios. Why is it lower, why is it than our other enterprises . Right. Because we wanted the maximum flexibility that we could have for compare. And then for the l. O. C. Fees, with the range of the percentages, 1. 85, how does that coexist with the Debt Service Coverage . Ok. So, depending on the Debt Service Coverage, so, lets say we are in the middle of this agreement and barbara and mike come to me and say eric, we have a great opportunity to procure power at a low cost but they want a letter of credit to back up the commitments under the agreement, which is not uncommon. I would say ok, let me look at our financial statements, let me look at what our Debt Service Coverage ratio is, and if its above 1. 50 we get the best terms under the agreement and we pay j. P. Morgan 1. 85 to issue that letter of credit. If our ratio is below that, if its between 125 and 150, we pay a little more. If its above 120, we pay the higher rate. Ok. So, is that the Debt Service Coverage in the we dont have that for clean power. So that would be the power enterprise. Its actually clean power. Thats a very good question. So, for the purposes of the agreement, any outstanding credit as well as the loan to the power enterprise are considered debt service, thats whats being compared to the net revenues. Ok. Uhhuh. And getting back to the basic loan from the power enterprise, has clean power paid that back . Theres a schedule of repayment and clean power has made the payments on schedule. And thats over how many years . Its a fiveyear loan. Thank you. I have one more question. Trigger and what is the estimate time you think clean power will have its own rating . A track record of operations, a track record of c. C. A. S growing and being successful, a number of them have approached Credit Rating agencies to receive Credit Ratings. We have talked to a number of agencies as well. They are working their arms around how to rate these entities. I cant give you an exact answer. What i can say is the terms and conditions of this particular agreement are consistent with an investment rated enterprise. So, if we operate in these parameters, it will enhance our ability to secure ultimately an Investment Grade rating. Thank you. I think we had a motion and second. Some discussion. Any Public Comment on this item . Hello, 350 bay area. Thanks to mr. Sandler, mr. Heinz, ms. Hale and their work. To commissioner vietors point and the discussion that happened, we definitely want cleanpowersf to have its own Credit Rating so we can use the existing authority to issue Revenue Bonds versus general Obligation Bonds to build stuff, Energy Infrastructure that we keep talking about over and over. So, anything that we can do to get that Credit Rating, which we definitely made very clear to staff, we are supportive of and to the extent that this holding to this for a year or two might get it done, we really need that Credit Rating. The power enterprise does not want to take the weight cleanpowersf to the commission and the advocates have had for many, many, many years now. I think the question which hopefully could get elaborated a little more now is how the cash reserve covenant that was mentioned will impact local buildout. I know in the i cant remember the name of the financial document but kind of the allocation of revenues Going Forward through i think 2022 that we had originally seen maybe last year, i know that investment in what was called supergreen projects or local build was starting i think in 2020, and we raised a bunch of heck about that at the time how we needed to get started sooner than that, based on what i just saw. It looks like the accumulation of reserves might go well beyond that, and this covenant through the early 2020s unless i would assume that excess revenue could not be diverted to such projects until after that. So, if it pleases the commission, i would think that its useful to, to discuss how this financial agreement will impact our ability to, will positively impact our ability to build our credit worthiness, but negatively impact our timeline. Thank you. We did not have a motion or second, so can we have one, please . So moved. Second. Any other Public Comment . All in favor . Aye. Opposed . Next item, please. Item 12, approve a plans and specifications and work contract number wd23 2838 for amount not to exceed 5,965,300, for e the good afternoon, president kwon, commissioners. This item is before you because we have only received one bid for this construction contract, this contract is to address taste and odor issues at sunol Treatment Plant from local water sources. If we have negotiated with the contractor, and its still roughly 10 over the engineers revised engineer estimate. We will continue to negotiate, if the Commission Approves this item, we do need, we actually received five contractors picked up packages. One of the contractors, one contract in sunol valley for the system, another contractor chose to bid on moccasin project, and the other contractors were nonl. B. E. And did not choose to participate. If we went out to bid again, i dont think we would get additional bidders. This project is also Time Critical because we have scheduled mountain tunnel shutdown for january 2019, and so we would need to get this construction substantially complete before we could do mountain tunnel shutdown for additional repairs. Ill move the item. Second. Thank you. Discussion, commissioners. I have a question. Why is there such a vast difference between the original engineers bid and the revised . To be honest, the consultants estimator made a mistake and left out several items. Any Public Comment on this item . Ok, lets vote. All in favor . Aye, opposed, next item, please. Item 13, discussion and possible action to authorize the general manager to consent on behalf to the Development Agreement between the city and county of San Francisco seawall lot as i relates to the matters under the jurisdiction, consent to the mission rock project Interagency Agreement and seawall and monitoring and reporting program. Good afternoon, deputy general manager. Title speaks for itself. Another Development Agreement. This is mission rock, giants, across from the stadium. Its been in the works quite a while and we would like permission to sign a Development Agreement. Ill move the item. Second. Discussion, commissioners . Any Public Comment . All in favor, aye. Opposed . Oh, Public Comment . We have time. Now we are all looking at you, all right. No Public Comment . All right. All in favor, aye. Opposed, moving on to closed session. Read items prior to calling Public Comment. We will hear item 16, anticipated litigation as plaintiff. Would you like to call for Public Comment . Yes, Public Comment. For matters to be discussed during closed session. Do we have anyone . Ok. We have a motion on whether to assert Attorney Client privilege regarding the matters listed below as conference with legal counsel. Clarify item 17 is not being heard under closed session, so only, you are entering closed session only for item 16. Item 17 is not being heard. Move to assert. Second. All in favor . Aye. Opposed . All right. Motion not to disclose. Aye. Ok. Next item is item 20. Other new business. Anything, commissioners . I would just like to bring up something, it would be nice to have our, our screens working again. Yes, it would. What do we have to do to make that happen . A hammer. From my understanding, i think the equipment is old and its hard to get parts, and i think they are scheduled to put new systems in, but i dont know when. I can check. I can relate to the comments about being old. Replacement parts are hard to come by. Can i make a request . Can we prepare a save the date for the Second Annual golden pride event . Can we do that . Because still, i was speaking with colleagues, and they did not have it calendared. What is the date . Second part of my twopart question. Oh, sorry. I think its may. Right . But if we could get a save the date to distribute that, it would be kind of awesome. The monday before memorial day. I would have that information, im going up country to moccasin and talk about the golden pride award in the event, and so, did you go to c. D. D. . Im doing that tomorrow. So by tomorrow you will have because, but yeah, i think we should send out save the dates but while you are up there, i think we should hand stuff out, because a lot of folks dont receive email. My hope is we will receive some branding, if you have a conversation on some low go and, but when i was speaking with some of my colleagues, we did not have it calendared. My hope is well have a save the date distributed and hard cope and electronic, as a formal commission. If theres no objection. Nope. No, good idea. Perfect. And tomorrow we are tabling it, i think. Yes. Golden pride. Are you going to be with me at c. D. D. . I think you are in a different location. I think im in southeast. I know. C. D. D. You are going to c. D. D. , im going to moccasin, and just came from millbray today. Ok. Go where we are told. Any other new business . Thank you for your service. My pleasure. Any other new business, commissioners . Nothing else . Public comments . Public comment. Ok. This meeting is adjourned. Thank you very much for your time, everyone. They tend to come up here and drive right up to the vehicle and in and out of their car and into the victims vehicle, i would say from 1015 seconds is all it takes to break into a car and theyre gone. Yeah, we get a lot of breakins in the area. We try to i just want to say goodbye. Thank you. Sometimes thats all it takes. I never leave anything in my car. We let them know theres been a lot of vehicle breakins in this area specifically, they target this area, rental cars or vehicles with visible items. This is just warning about vehicle breakins. Take a look at it. If we can get them to take it with them, take it out of the cars, it helps. They tend to come up here and drive right up to the vehicle and in and out of their car and into the victims vehicle, i would say from 1015 seconds is all it takes to break into a car and theyre gone. Yeah, we get a lot of breakins in the area. We try to i just want to say goodbye. Thank you. Sometimes thats all it takes. I never leave anything in my car. We let them know theres been a lot of vehicle breakins in this area specifically, they target this area, rental cars or vehicles with visible items. This is just warning about vehicle breakins. Take a look at it. If we can get them to take it with them, take it out of the cars, it helps. Brian larkin. Brendan mcnulty alexander tonisson. Okay. At this point i would like to adjourn this meeting momentarily in observe the service and county that mayor lee gave for the city and council. Well resume the meeting. This meeting is now in session. Item two, opportunity for the public to comment on any matters within the jurisdiction that are not on the agenda. Good morning committee members, im dr. Derek kerr, a whistle blower. Why do organizations retaliate against whistle blowers . Its because whistle blowers have inside information about wrong doing and there by represent a threat. Whistle blowers are viewed as Insider Threats. Unfortunately the Whistle Blower Programs Quarterly Report issued in december includes a bulletin warning about Insider Threats. We are told these are employees who negatively affect organizational assets. That definition could qualify whistle blowers as Insider Threats because it depends on who defines what is a negative impact on an organization. The term Insider Threat is derived from National Security programs that were installed after the Chelsea Manning and Edward Snowden revelations. Importantly, it applies to intelligence agencies that handle classified information, not to city agencies that handle mostly public records. This bulletin targets disgruntled employees without the difference of those who want to fix a problem and those who are criminals. Even speaking out is labelled as a red flag. The bulletin doesnt mention non disgruntled managers who contented contentedly harass subborednants, although they are true Insider Threats. The Whistle Blower Program promotes retaliation and deteres lawful disclosers of misconduct. So i hope youll Pay Attention to this idea when the whistle blower presents to you at the next meeting. Thank you. Any further Public Comment . Item three approval with possible modification of the minutes of november 20th, 2017, meeting. So is there a motion to approve . I move to approve. Second. All in favor . Aye. Public comment. Public comment on the minutes . Seeing no Public Comment, the minutes are approved. Item four presentation from public works regarding the 2008 and 2016 health bonds and possible action by the committee in response to such presentation. Can i go ahead, are you ready . Yeah. Good morning members of the cgoboc committee. Im here to give improvement Bonds Program from 2008 and health and safety from 2016. Let me go ahead and start with the 2008 program first, its a little shorter and hopefully wrap that up quickly. In this first slide, just wanted to point out that the original bond authorization was 887. 4 million, the new amount of 900. 2 million reflects additional interest acure for 10 years and has been appropriated to the bond program. For all intended purposes, the rebuild bond program has been completed just as a quick recap. The zuckerberg General Hospital was completed in may of 2016. Patients moved in and then the final project close out was completed that same year in july. The last remaining task before we can close out the hospital project at least in terms of oshpod is final reconciliation of permit fees and at this point, the team is working through the documents to get that completed most likely the First Quarter of 2018. I want to mention one item, there has been ongoing litigation between web core builder, the general contractor and one of the subcontractors. Web core builder has served the city with a cost complaint, primarily due to subcontractors claim of errors of omission. At this point, the claim has been forwarded to the City Attorneys Office for further review and direction. Just a quick recap of some of the accomplishments beside the new hospital being completed, the team has also been progressing three of the larger projects including the San Francisco building five tunnel and connection project, m. P. C seismic upgrade and low voltage installation project. All three are in project closeout phase. And the teams goal is to close out all three projects by First Quarter of 2018 with the remaining funds in the project, the team continue to work closely with the department of Public Health on any additional projects that involve operational enhancement and or patient safety. And then just moving on to the last slide, the only thing i want to point out, the total expenditures to date is 98 of the bond aut