Completed. They were delivered. On the steel that was offsite fabricated with delivered. All onsite basket consult on. Steel was fabricated at seven different sites. All on the west coast. I still came from the east coast for the most part. Casos came from the midwest in louisiana. All delivered last year. We completed other milestones we talked about going over firstrate also fremont street. July was a loca put together there that was installed during 2050. Some very dramatic architectural features that when in place. We did do other work besides steel. We did complete the train box lower walls, lower con crop course slab is compute the Foundation Walls between the lower cars entry box which we call with three and four are just about there. And theyll lift itself is 40 getting close to 50 on. It was about 20,000 yd. 3 of concrete still poured in 2015 which the signet significant but overshadowed by all the steel. Other items. The decking overall concrete decking on all that steel, when we install those layers the mezzanine, the lower concourse, the bus back, they can get concrete or steel decking. The mechanical electrical plumbing and the Fire Protection as all been roughed in inessential zone and it really just is hitting 2016 will be big. Although fireproofing has started in the lower concourse area. Cmu walls started being installed. In stairs. Theres a picture, another local hayward fabrication site. Thats where our stairs are coming from. About 24 of those throughout the building that looked beautiful after your fantastic quality in all the projects showing up. Jumping over to the bus ramp, the bus ramp project going from the in the upper left where connection to the bay bridge, lower right to the Transit Center. A lot of work by harrison street. Its been retaining walls and such and we go over fulsome, commenting howard as part of the project. This graphic shows the least where most of the work has been to date. Frame for is the cable state. Thats the one that goes over howard street. So, as part of the divide inspection which is the box grade section, the holes were all installed. The entire structure was out of the ground in 2015. Also, all the false work for frames one, three, and four which go over fulsome and howard were installed so we can reach that bridge construction of stems which is because the bridge itself is done into bars. You pour the columns than a stem and then you could deduct on top. Although work progressed very well on the bus that. Then on the cable state itself, the pylon 9 is the ctr. Tower is rising out above howard street. Thats the god of third lift in. Were there to get forth with nursing. There are seven saddles for the seven cables. Eventually to hold up the cable state. There showed up and you can see them in this picture. The saddles, how they are portrayed. Above the retaining walls about the Percent Complete which are mostly upright with this picture shows by harrison street. A lot of utilities were really good. We talked about that throughout the week. That was done. He started installing the conduit for permanent power. Thats a very important milestone coming this year. Clear box 5 as well. Of all the remaining utilities so the properties could be transferred over. Over 400 workers were onsite image every day out there. Tremendous workforce. And it is going. It will grow tremendously by q3. We see a spike. Over 610,000 trade hours were performed during the entire year. Which, about 1. 9 million to date and then there really shows in this graphic even showing for a while now is by fourth over 13,000 jobs now throughout the country truly a biomedical price we touch 29 states. We have 21 to go. We wanted it all 50. Theres no work stoppages were labor shortages so that shows to our pla has kept us working very soundly. Veterans outreach has been very strong working with the city builds, united contractors are really trying to connect the veterans with an actual job participating in the mantels with the marine corps down the camp penalty and a career fair at. 180 just to help in the recruitment efforts for veterans. Contractor outreach. Utilizing all the chamber of commerce about the bay area providing contact specific kind of Technical Assistance and provided support for the compliance with sp 854 where any contractor that is registering and try to bid on public works have to register and do other labor compliance theyre certified payroll online. So that was assisting them through that the Small Business. Then, to really drive it home, we had the administrator herself, maria and her suite from the United States all business and ministration visit and give a presentation and a strong supporter of the team and especially our executive director for Small Business. We recognized by 14 member Small Business network and ultimately tryingthis is eventually focusing on access to capital for sps which tried to get them paid as soon as we can. We try that recently tried to expedite what we can in our monthly payouts. With that, i turn it over to sarah to go with a program wide accomplishments. Good morning, directors. So, as you know, we updated the baseline budget for phase 1 and you adopted an interim budget in november which allowed us to do work on construction packages and keep the construction schedule moving forward as needed. Other funding of, since we had our program wide, schmitz last year, the committee facilities district performed last year legislatively approved and the committee benefits district has actually been holding its first meeting. We had three landfills closed in 2015. Block nine was in february for 43. 5 million, block five in september, one 72 million and block eight in december for 71 million government. When i working closely with the office of Community Investment and infrastructure who, in turn was with the Tax Collector to make sure these three properties get on the rolls is copious possible start generating our net tax increments. A funding oversight continues. Mark went over the mtc cost review. San francisco county Transportation Authority was also involved in that review and resisted both agencies providing information continued regular routine reporting to all of our funders including fta and fra. We then annual report that we file with tfa and in december we presented our financial same estate which once again was an opinion on this Risk Management fund, we can do have this Management Committee meetings and keep our risk register updated. Twice last year we set with fta and fra to do a refresh of the Risk Assessment. Actually, updated the Risk Assessment in september along with the risk register and that allowed us to incorporate the risk analysis into those budget update for phase 1. On the dde and Small Business enterprise front, we continue to have, as dennis just mentioned with the Small Business administrator visiting, we continue to have a Strong Program im a particularly a strong sbe program or the life of the program so this is since 2004. 329 million in awards to small and Disadvantaged Business Enterprises and today, 169 was 169 million to payments to those businesses. For our professional services contract, you can see a majority of the subconsultants are sbe firms and 13 prime consultants are also sbe. Then, on construction, you can see the majority of the subcontractors all Small Business enterprises and we are quite proud of that. A couple firstyear subs spes as well. On the funding set, last year of course in january we close on the interim bridge loan with Goldman Sachs and wells fargo. We also received various grant allocations throughout the year. Ac transit passing through the security grant that they usually do along with some other state prop proposition funds primary funding construction and concrete package. We were successful we had a couple of years ago received a sixmonth dollar grant, the one bay area grant. Its a federal fund that are routed were awarded through the local agency mtc. We needed to do a transfer from federal Highway Administration to federal transit and ministration breast to access these funds so we were able to get all that paperwork completed this year. Those funds are available to us and will be used relatively shortly on the civil site work package. Proposition k this past summer to Fund ContinuingProgram Management and construction measurement oversight cost. As we mentioned the committee facilities district was approved. Theyll provide funding for capital cost phase 1 and of course phase 2 will be the largest investiture of the funds and the cbd provides funds for operation and maintenance of the rooftop park. This year, 2016, we are working very closely with the city on financing for the remainder of the phase 1 budget. We would very much like to redeem or repay the interim bridge financing this year and we will continue to seek funding for both phase 1 and phase 2 from discretionary sources. Fta, dhs, etc. With that, i will hand it over to scott. Hi, good morning, directors. With construction of the magnitude that dennis was describing their of course going to be impacts to this running neighborhood. To it quite a bit easy year terms of the meow region 2015. We of course continue with bimonthly Community Meetings open to the public, third wednesday of the month at 12 pm noon. At our office. We continue to distribute our weekly tenday construction located that no goes to nearly 1500 recipients every single week. We continue to have a 24 hour hotline 415409 tj pa. Any member of the public defender . Concern about anything thats occurring on the site, they can call that number any time of day. We continue to do our quarterly newsletter which is an opportunity to highlight project milestones, construction project progress, that no goes to over 2000 recipients every quarter. Of course, continue to do dozens and dozens of sight towards every year about 16 2015 to Community Groups, business organizations, trade associations, students, media, a wide range of visitors. We also use our website as an important outreach to. This past year we added a new page specifically focused on Supplemental Environmental Impact study that you heard described earlier that shows visuals and gives detailed Background Information on all the components being studied. We also continue to build out our transbay page which ill talk about more in a minute. Then continue to other updates to the website including our program timeline. The cornerstone of our Committee Outreach is the targeted outreach we do to the neighbors around the site that are being most directly impacted by the project. So, this includes things like the bus ramp work the very significant amount of bus ramp work that we had in 2015 and thats of course the different Geographic Area than the main footprint of the Transit Center. Its far to the west and to the south crossing howard and fulsome street. Given geography, different neighbors. Given buildings being impacted. We also had quite a bit of targeted outreach related to the steelwork. You can see the bottom of the slide something within proud of each year am going back to 2011 in the last six months of 2011 we had over 100 complaints. Each year following the full 12 months of 2012, 2013, 2014 we been able to continue to reduce that number. We did have a slight upset uptick in 2015 the overall number of complaints, but were proud of that small but uptick was because 2015 was by far, the most of minute significant year in terms of impacts to the surrounding neighborhood that was particularly in terms of the steelwork. One of the major challenges we had with the Steel Construction was we had to bring that steel over for street and fremont street to the busiest streets in the entire bait area. Given how busy those streets are, the city understand we do not want to close them during the day. You can put steel in place with cars and people going underneath to enter that work etiquette which its metal on metal work. Which is not. Its many nights a week for many weeks and are oh. So we did a lot of targeted outreach, particularly to our residential neighbors. Of course using all the mechanisms i just described and also special notices and special Community Meetings with real one mission in particular to let them know what was coming up when was can happen, with the duration was going to be and everything that we did to reduce that duration as much as possible, and all the medications we put in place to as much as possible reduce the amount of noise that was generated. We feel quite proud that although her over number of complaints did go up, it only went up a little. I think thats a testament to the hard work from our pr team and Senior Associates as well as the Construction Management team and our contractors at web court and skanska. We did get a lot of positive recognition for the project over the course of 2015. Object executive director was honored by the golden gate business of association in terms of outreach to the lgbt business community. She was also awarded as an influential woman in business by woman construction owners and Executives Association and recently was named one of the top 25 newsmakers of the year by engineering news record. We also continue to numerous conferences, forums, panels in the city and around the region taking every opportunity we can to update people are promised but also the questions whats happening with the project. You see some of those listed at the bottom of the slide. I mentioned earlier were continue to build out the transbay page on the site. This is where we do interviews and highlight the work that specific individuals on the site. Interview them about their work, their background, their role in the project. What they learn from the project and what their expenses have been did we added three new profiles and 2015. One on the Steel Construction we profiled our interns from this past summer and also profiled to the veterans working on the site. We continue to try and strengthen and increase our social media presence. Using that as a tool to reach all of the stakeholders impacted by the project. In 2015 we were able to weather double our facebook likes to over 4000. Similarly, with instant ramp we increase it our dollars to over forget we had a good increase of twitter followers we have. We see some exit about we use social media to show progress could you see pictures of the still construction to highlight design and sustainable features like the light the went in this past summer. Then, to also highlight strong Media Coverage we get. We did get a good amount of pure positive Media Coverage in 2015. I mentioned earlier that the station engineering news record maria the named one of the top 25 newsmakers of the year. We also had good strong coverage of some of the successes that sarah was just describing in terms of land sales and also the legislative victory we have with the formation of the greater rank on benefit district. Also cover stories in the chronicle, the Business Times, with a profile piece on abc seven news of the topping out ceremony the last piece of steel was put into place. Along with magazine cover stories mass transit magazine and also the magazine of the urban land institute. So, in 2016 of course continue to utilize all those outreach tools to highlight the big milestones we have coming up this year. Of course, finishing up the remaining steel a simile work, the welding. The bus rams on schedule to be completed by the end of 2016. We are going to course beginning to work on the building exteriors and then of course, beginning of the placement of the awning and we are going to have an event in march to get that off and unveil the awning and of course be working with Senior Associates to generate as much Media Coverage as we can propose a copper shims. With that and then turn it back over to i believe, tomorrow. 2016, four 2016 will be issuing the ip id packages and award them by june. Also, issue for a good or awarded the committee of red contact system as well as some of the remaining our work that needs to be done. For the bus storage documents are being completed right now. The consultants are putting together a 1 construction drawings. Based on the comments received on the 95 johns. We should be in a position to advertise this project by the end of this month, beginning of march. Before we do so, though we need to come to an agreement on the funding for the lease from caltrans for the parcel. Thats a discussion that were having with how trans. Caltrans is asking for 1. 6 million a year to lease that facility and we need to have an agreement in place how to format these before we move forward with advertising the price. That can be the big milestone for us to achieve in order to move forward with the bus storage facility. The downtown extension, as i mentioned, were getting public almonds and support the fda to issue a record of decision. Finalize phase 2 project delivery reports, refresh the cost estimate presented to the board later this year. Continue our coordination of partners with highspeed rail and caltrans fta and fra. Program why, we presented to you last year a draft phase 1 budget. We hope after the financing is worked out we present it to you a final budget for approval. This budget was approved allows us to award the things i mentioned. T