Two things have been brought to my attention, the crossover on the bridge has been operating with a flashing red light instead of green, which is a passenger comfort issue and that tenmile per hour speed limit signs have been added to the bus deck which is designed for buses operating at 20 Miles Per Hour and that will be a limiting factor and also could be causing the bus fountains to behave anemically. After six months of operation, look into that. We want to make sure we dont do temporary safety ideas that just get solidified and end up inhibiting our future capacity. Ok, well follow up on that. Call your next item, item 5, the exclusive directors report. Good morning, directors. Im pleased to provide you this morning with an update on Ongoing Operations at the Transit Center and our work to move forward. Its been a busy month of transit operations, events and activities, as well as efforts to onboard new tenants and retail spaces. First off, staff plan and responded to potential impact from the soma wildfires and outages from pg e. We have redundant systems in place for Power Outages and while we were not impacted by the Power Outages we used this to review our systems and protocol for Power Outages to ensure the least impact possible in the event we have one. As for bus plaza operations, we meet with the transit operators. And we are responding to a request for minor improvements and maintenance issues and moving forward with plans to waive findings signage in collaboration with atc and sfmta. As for the park, nice weather in september and october resulted in large grounds with exciting new events such as game meetups. These new events joined our regular complements joined by nearby families and seniors as well as fitness and wellness sponsored by fitness sf. As of november, we have adjusting programming for the fall and winter months adding a movie night. The park hours are now 8 00 p. M. For the fall and winter months. And on the retail front, im happy to report that we are bringing three additional leases for you today. We are finalizing a fourth lease under my approval authority. If all four leases are approved and executed, this will result in 75 of the Transit Center p being fully leased. This is an exciting time as we will see large numbers of the public visiting with the first of the tenants opening durings to thdoors tothe public. Onsite dental is opening and fitness assess has started selling memberships on site and getting ready for the grand opening on december 27th. Phils coffee is communitied too have two locations open in january. With all of these openings, we will have 45 of the transit open for service, basically. And with these businesses open, we will have much more traffic than we have today. As a point of reference, fitness sf alone is expected to have 3,000 visitors a day under normal operations. Our security and operations teams are busy onboarding new tenants and they are plan for the increased foot traffic throughout the Transit Center. And we are now focusing on helping the remainder of the tenants and working on the permit processing, making sure they respond to dbi comments as soon as possible and with their procurement process of the contractors. Our facility manager with provide you with more updates on that later this morning. On to phase two in the downtown extension, we were happy to cohost a tour with mtc for congressman rodney davis of illinois. Congressman davis is a member of the house, transportation and Infrastructure Committee and he was in california to enlarge Infrastructure Projects and very impressed with the Transit Center and with our effort for planning ahead for the future by building the lower concourse and train levels as part of phase one in preparation for phase two and the trains. Phase two peer review is now complete. We work with our partners to implement the recommendations that was done earlier this year by the tgpa, as well as results of the peer review. Our hope is that these peer reviews will strengthen the project and get it delivered on time. At this time, i would like to invite Dennis Pearson for the update agreements. Good morning. Ill provide you a brief report of the project Labor Agreement quarterly for q3 and go through the administration and labor statistics as previous reports. So we held our 30th meeting of september 19th with the joint Administrative Committee where we went through a construction closeout youll hear today from ron alamada and an improvement update youll hear from martha valez and we discuss Union Updates and apprenticeships, as well, as our standing operations, with the veterans and apprentices and all of the unions at this point. Regarding the labor update, we did not have any work stoppages and that affected no labor instances at all during our punch list items and zero recordables in the Third Quarter which keeps our street going quite awhile now. And then lastly, statistics on how many hours weve had as of th. As of september 30, we had 5. 7 million and skeletal clue cleaning up that ron will refer to, im sure we surpassed 5. 7 mill at this point. So with that, that concludes my brief project Labor Agreement update. This concludes my report, as well. Any questions . In talking about signage, somebody mentioned that the signage from the transbay terminal to bart is not clear. They werent aware they could see it and i know ive seen in other cities where theres signage along the floor and i know we have that outside of the terminal, getting people to the bus deck but i wonder if its directing people to the two bart stations. Maybe thats something we can work on. To get a consultant on board for an overreview of the signage and do some outreach to the passengers and let us know what other signage needs to be done. I think a lot of us use it, we know where the bart stations are. Well include that. Good morning. Im jim patrick from patrick and company and i would like to talk about this joint Labor Agreement and i argued at the same podium maybe four or five years ago, ive forgotten, that this was a mistake and we shouldnt adopt this agreement. And they stayed thank you, mr. Patrick, all in favour say aye and it was passed unanimously. Now were five years down the line and how did we do . Well, lets see, we didnt have a strike and that was good. Did we deliver the project on time . No. This sort of assumes we agreed to pay the highest price for labor and thats in the contract. Now lets see, that implies the highest quality and im trying to think. I remember a big hole in a beam and it caused 11, 12month delay. We brought on this contractor, fisk, and they were a disaster. Oh, we knew what our costs were. They would be easy. We went overbudget. We didnt know what our costs were. I think by not doing this, we could have saved 300 million, could have saved the the city of San Francisco and brought in ins in on time. We pride ourselves 3 million on 50 states. Why arent we spending in the San Francisco bay area . Doesnt that make more sense . Whats wrong with us . Its a politically correct decision but your job is to manage a business. You agreed to pay 5. 7 million craft hours, you just reported and you agreed to pay the highest price. For sure, were going to have the highest budget. For sure, were probably going to have cost overruns and it wont work very well. Since this is a done deal, i would like to reference to the memorandum, which is part of what he was talking about and in the third line it says, this agreement provided im talking about the jpl or whatever its called provided standardized working conditions and wages. I suggest we need to add the word highest as an adjective to the wages because we also agreed to pay the highest wages and were sweeping that problem under the table and i dont think thats right. Thank you. Item six is the construction closeout dates. Good morning, directors, ron alameda, director of design and construction for the tgpa and im pleased to report that were advancing through the closeout. Now that were open and the physical aspects of the beam are behind us, we were able to refocus everybody on to the closeout effort. As we stand now, as you see in the pie graph, we have 14 trade groups that are in active closeout with the contractor and 13 out of 49 are goin advang to a dispute resolution meeting to help resolve those issues. We have 22 closed out and related that in terms of closeout, were down to 26 punch list items. So that effort, the physical effort out on the site is winding down. And we expect to, in terms of timesline, trajectory, were striving to close out the straightforward contractors with the web core by the end of the year and were striving to wrap up the dispute resolution activity early next year, january, february, and then well see the remainders, if any, that will continue on to litigation. And well get to that a little bit more next month when we have a briefing in closed session regarding legal matters. Contingency costs in the last couple of months, its been 400,000 worth of contingency drawdown, three of which were from the cmgc contingency and finalizing old issues going back and forth. In terms of new stuff, the construction contingency of 100,000 was generally netting out due to modifications because of ti and the mechanical work and what have you. So small and winding down usage of the contingency as we wrap up the physical work up there. With respect to budget, construction budget, we have an uptick of 19. 1 million and thats drawn from both contingency and Program Reserve and i think the drivers were discussed in earlier meetings and this is just a reflection of dealing with a bit of the legal matters, as well as some of the additional costs with the ti work. And the e estimated at completin was 2 million in legal that moved that needle and towards the completion, where our Program Reserve was reduced by 10. 5 million. Again, to reflect the Movement Towards construction. Thats about it. Pretty short and street and were in the final strokes of closing this thing out . Thank you very much. Move on to your next item. Item 7 is the facility operations update. Good morning, directors, martha valez, the facility manager. I will provide a general facilitys update. Sidney will give a security overvieoverview and i will discs leasing and tenant improvements. When we last met discussions with regard to amtrak had not been finalized. Since that time, amtrak decided to relocate to the streetlevel island at mission and fremont and it is the same island that samtrans uses. This was effective on october 28th and they are currently vacating the temporary terminal this month. Other transit activity as of note Transit Center activity as of note is the executive director mentioning Onsite Dental will be ready to open on monday, november 18th. The top picture is a completed exam room and it is washed in blue light because they have a lighting system that can individually adjust to each exam room according to patients needs and fitness assess is moving full steam ahead to open on december 27th. They are currently conducting onsite membership drive. Lastly, phils is targeting the end of january, so at that point, almost half the center will be open for business. This slide is to provide you a visual of the activities of the three tenants starting at the top left moving clockwise. The first two pictures are fitness assess setting up an exercise area. The next two are phils with a picture of how they wrapped the storefront at mena and front street. The picture of the inside of that same space under construction, you can see the framing is nearly finished. The last two are Onsite Dental and a picture of the completed interior hallways with exam rooms on each side and a picture of one of the exam rooms. When i took they picture, they were still setting up. Generally, other activities of note, lincoln is working with a vendor on the european style market for the gran hall and ill provide a few more details on this next slide and brv has moved into the winter programming. The park is now closing an hour earlier at 8 00 p. M. And each friday in november is movie night and mostly geared towards children and in december, a half week before the holidays, a lowkey winter fest is planned with activities also geared towards children, for example, time with santa and Face Painting and planned is silent disco and music. Popular activities, such as toddler tuesdays remain. The daily calendar can be found on the salesforcetransitcenter. Com. Pearl work is ongoing. This slide notes the advertisers to date and the expected revenue of about 652,000. The top picture is to highlight that food trucks remain a daily routine and going up to the park. And the bottom picture is a representation of the european holiday style market and the European Market is planned for the grand hall and the outside area between the grand hall and Sales Force Tower and Boston Properties is working with the same vendor to extend the market on to sales force plaza. The bottom right is how the vendors would be arranged and run through the month of december from 11 00 a. M. To 7 0s pending ironing out details with the vendor. The overall objective is to build events with annual center tradition creating excitement, foot traffic, support the businesses and by extension supports the transit operators and the general public. An update on security, supporting brbs new winter hours and the reduced winter park hours and coordinating with transit operators to make incremental security improvements to the bus ramp to include additional signage and improve messaging. Securities coordinating with the tenants as a part of the pa strategy to prepare for the retail Transit Center. Thank you. The following is an up on the retail leasing. Today four leases will be presented, three of which are on the content calendar and the three on the consent calendar are spring fertility, poke house, gte or mobile verizon and with the director signing authority. As a reminder, the director signing authority is leasing that are ten years or less and 1. 8 million in aggregate rent or less. And this table is a summary of the status of the center when the four leases are completed. And as you can see, the center will be 75 leased with the average annual rent at 98 of proforma. When fully leased it would exceed proforma. This spring lease is spring fertility, on the second floor on the but florid plaza adjaceno Onsite Dental. The nature of the business is as it is named. A Consultation Office with no procedures performed other than blood draws. Rent of 3. 3 million over 15 years and a basebuilding estimate less than proforma for net proceeds the life of the lease at 2. 7 million. This next least is poke house and they feature hawaiian style poke. Thats a slice raw fish served over rice and fresh vegetables with sauces. This the first San Francisco location with five other locations in the bay area. To recap the deal above proforma, ten years, three months, rent of 1. 13 million over ten years and three months. Tenant improvement that is less than proforma for net proceeds over the life of the lease of 770,000. This next one is an outlet and to recap, in general above proforma, rent of 2. 5 million, a tenant improvement in base building estimate less than proforma with the tenant improvement at zero and offsets the rent and the lease is 1. 84 million. This is the last lease, happy lemon. This will feature teas and juices and this is the first location of San Francisco and others throughout the bay area. To recap the deal, above pro for proforma, a base building estimate sightly above and offset by the proforma rent and net proceeds over the life are 600,000. Were working clockwise and we have phils coffee, happy lemon, suite 17 and 18 were working for initial services, hopefully a bank, tycoon kitchen, venga and pernadas and suite 135, its a mexican restaurant, charlies, a foundation cafe, phils coffee and verizon and suite 137 is a health food operator and sweet 133 is a space without specific interest. We have interest from two operators. And this is the second floor, as you know, above the below the bus, sf kaiser and Onsite Dental and spring fertility so the entire second floor has nicely filled in with healthrelated services. And lastly, the park level, the restaurant and cafe pad. In discussing the tenant improvements, this is to provide an overview of what was originally envisioned for the program in 2010 as compared to today. And this is what the market demanded. This puts into context the work needed to reconcile the built systems to what is needed to invest in the kitchen exhaust and utility tenant improvements. On the ground level, 14 spaces in 2010 as compared to 23 spaces today and what this means to the infrastructure is capacity and scrubber and for all spaces redistribution for water, gas and sewer. On the second level below the bus deck, a food court in 2010, fitness sf today. So this mainly means redistribution of gas lines and how configured at the source in the meter room. At the second level, adding services meant adding lines for water sewer and a redistribution for the electrical. This work has actually already been done because of needing to complete it before the ocs lines were electrified. And also note the original plan was for nonrevenue generating space on the space above the bus plaza and in general smaller spaces demand higher perfoot than lower spaces. And so as impacts to overall schedules are understood with regard to the kitchen exhaust and utility work, also to be reconciled are the tenants own schedules. On the left side of the table are the various challenges to the schedule and on the right side are actions and or mitigations related to the noted challenges. The top section labeled physical, im going to discus