Details of the investment, investment name, dollar amount drawn down and date, annual gross return, approved by the board, recommendation of investment source. Context of investment. [inaudible] region in which the activities take place, indicate whether individual contract with each company prohibits production of thermal [inaudible] or direct investment in caems that produce termal [inaudible] and rel tent investment. The report should be comprehensive of relevant investment sthins board resolution. Has bullet points that dont necessarily make sense. Is he asking for action on this . He is asking that the board vote to draeckt me to prepare a report that the board of supervisors has not requested but present to 24 thboard supervisors. I think we should table this. I just want to read in his request because it shoulden be discussed under good of the order and taken into consideration by president cohen and whether it should be calendared. But it is sort of perplexing request that i would prepare a report for the board of supervisors at this boards direction without them asking for it. Anyway. We shouldnt discuss it. Sorry. The author of the letter will tell us hopefully. Great. Any other items good of the order . Seeing no, call for Public Comment. Seeing none there close Public Comment. Next item. Next iletm, 22 discussion item reports and comments. No reports received. Need to call Public Comment onno. Okay. Anyone from the public like to comment anyway . Seeing none close Public Comment. Motion to adjourn . So moved. Great. Thank you. [meeting adjourned] i was chair. So i would not have to do it again. Good morning, today march 9th, 2017 i will call the regular meeting of the transbay joint powers. I will note for the record that director will not be present, harper, here. Kim. Present. Sartipi. Present, and chair. Present. And you do have a quorum. Okay. Next its em. Three is communications i am not aware of one. I do have one, excuse me if it is disjointed, i wrote it up over breakfast. The board will be going into closed session today, to discuss the prices and terms of what is incorrectly described as a master lease of the terminal. Actually we will be going into a line by line of a 25 page powerpoint presentation, most of which is historical recap. And none of which in my opinion consists of prices or terms of payment. But estimates of cost and revenues. That is already been discussed with the contractor. For many months staff rational for closed session is that we are talking to two parties and we are really protecting their confidenceal information. From each other, but from the first of this year, that rational has not been the case. Rule purposes of this continue see guess trags is to leave as little time as possible for actual board member input of the important aspects of this long Term Contract to keep from the public, the sorry economics we are in and to allow, and to allow the public to first see the contract only after it has already been in effect signed, sealed and delivered. I am sorry for this, because that is not just a loss to the public, but it is the loss of this board. Because it is being denied the negotiating power that comes with public discussion. Thank you. Okay. Thank you director harper. Item four is board of directors new and old business. Seeing none, item five is executive directors report. Good morning, directors. As you recall, from previous updates, the new members of the San Francisco county Transportation Commission asked for permission on the prop k allegation request was considered at the january fourth meeting, since then we have worked with the staff to provide the briefings for each of the four new commissioners it was continued to the february, 28leth meeting given the recent delay of the federal funds for the cal train, the chair has indicated that he would like the prop k, allocation to be considered on the march first, meeting along with the up date on cal train electric identification. In addition, as a result of the input that we received from the staff we have revised our prop k allocation to exclude the Engineering Work for a portion of the work on faldon street, the revised request is a two part request. Part one 30 percent engineering for the portion of the alignment that is xhon to all alternatives under consideration by the study which includes, work along the Second Street and after the train Box Extension of the train box, and the bart connector. Part two is the allocation request, studying in detail the cover section of the work on town send street, with the goal of the links of that section will minimize the input due in construction. We are eager to connect for the dtx and we will continue to work with the staff to resolve this delay as quickly as possible. We continue to work with the Sf Planning Department and the director and his team to best rbi study to the successful completing, and this is our understanding that the current phases will be done in the next four to six months, at which time the costs and schedules for the various alternatives under consideration will be known and integrated schedule, that includes the dpx will be developed. Moving forward, we are intend to be more involved in the developments and reb study and then deliver the health and expertise that we have available for the team so that the study can be completed successfully as soon as possible. Completing of the study is the significant step of advancing the high speed rail to a Transit Center. As a result of input from the public and board members, today we have an up date on the status of the supply mental document for phase two that includes an over all view of the comments and responses we have provided. Region 9 has completed the review of the document and we continue to work with the sf planning to explain how we address the concerns, we hope to bring the supply mental documents for the boards consideration shortly. International and Electrical Worker ibew came after the construction site on february 21, 22, for the work on the project. And scott from our staff was interviewed to discuss the projects progress, in many ways, the ide and he has contributed to phase one, and especially during the past year as mechanical and electrical and plumbing work has been in full swing, over the past year, we have actually placed 50 miles of electrical conduit in the center, it will be shown to the members and used in their public out reach effort. On february, 28th, the senior project construction manager, on and an event, sponsored by the golden gate association. And the lgbt chamber of commerce, milestone in regard of inclusion of lgbt business on the public works project. They have recognized sandra, the ceo and part owner of electric to have gotten the largest construction to an lgbt owned business anywhere in the United States when they were selected to provide the Electrical Materials and the supplies for the Transit Center project, and the subcontractor. It was a golden gate, Business Association that other public agencies outside of the area will follow in our footsteps, and take note and realize that inclusion of lgbt contractors is good business. Last but not least, our effort for recruitment for the internment ship for the summer has been began. It has actually been a year believe it or not. Each year they hire, local Rising High School students who are available to work for 6week period to participate in the summer internship program. Internships will run from june, 19, to july, 28th, these are internships that provide valuable Work Experience for students beginning in to form their future careers interest. We encourage the students, interested in exploring careers in engineering, finance, public service, and computer out reach. Prior work and experience is not required, about you engineering is welcomed. Just kidding. Resumes and cover letters should be submitted by april, 14th, and details can be found on the website, currently and we hope to bring the internship like we do every year to the board. We that, that concludes my report and there was a Quarterly Report that was submit inned your packet. If you have any questions, we can answer that. Not a question just a comment. To the earlier part of your presentation. I think that its good to hear of the interest to be more actively engaged in the rib study that the city is doing, but i will repeat what i said last year. I think that at some point, sooner rather than later we need to bring the efforts together because we have two different entities planning the same project, which at some point will not make sense, so it sounds like we are going to be hitting a mild stone like you said in 4 to 6 months in the current phase of the reb work is done and i would encourage and work with the Planning Department and the city to actually bring these efforts together and i think that it makes sense to bring them in to tgpa so that we have a single process going forward. Any others . Okay. Okay, next item. Item 6, construction up date. Good morning, directors, we will give this months construction up date myself and ron, we will go through the regular or a list of agendas and i want to start off that we are at our Peak Construction and we are clipping along at a million a day, and we will be at that pace for quite a few months now as we are sprinting to december and we are on schedule at this point and i will continue to progress in the up date you as we go. But it is a very busy and that is why at this shows a lot of work on many levels. We do have a closer to the 800 workers now, on site. And working at all levels and one of the items ta note on this is the bus jet fountain now. It has been installed quite a bit in the last couple of months and there is good pictures to that effect. Lower level is starting to wind down because a lot of the walls have been just about are done and then the electrical and the mechanical is filling them in. On the western zone, the pictures now of progress, more relate to elevators escalators and drywall and those kind of components are going in, in a feverish pace throughout the western zone, along with the switch gear and various elements related to building out the rooms. Central zone, there is, you can see in the upper righthand picture and you can see that some of this pretest elements of the bus jet fountain, and with the palm trees it was actually very neat this morning, when i was coming into work, and i actually enjoy the fact that as you walk down first street and every driver on first street will see the palm trees up on the park. So it was a beautiful at the sunrise to see this, palm tree up there now, and so everyone will know what is going on up top. But also, the progress is going within as well, at the lower right, it shows a lot of framing that is going on, that is one of the skylights on, and at the bus deck level, getting framed out. And also, the temporary bridge removal was reopened and cat tracked last night, to insure that the striping was taken care of and it will be very shortly. And another picture of the grand hall and you will see a lot of framing going on and the most important element that is the north and the south side the of grand hall is that we have ceiling panels being installed and so it is really starting to take shape in the grand hall. And in the eastern zone, we have item such as the cafe, the drum cafe because it is the round element to it, and the walls report for that and in the bottom left, a lot of awning is being installed now in the eastern zone as well. So the things are progressing well throughout. And at the bus ramp project, i do note here that starting a very shortly, next month, we will be including the bus Storage Facility construction up date. But we are just, we have the bus ramp here, a lot of the work at the far south end of the crash bayriers and grading and the false creek removals are all happening. Frame five that is the drop in span, that was the metal element that is the connectivity between the cable state bridge and the Transit Center and, it did take longer than they anticipated. And they do have it done right. It did have to be installed and took a few weeks longer, that is reflective in the schedule that ron is going to present here shortly. It does not impact anything with the Transit Center at all. And it has float, months and months of floats, so there is no connection between the tube, well there is just a note in that contract itself. And then the bottom right shows one of the guard shacks that is going to be up there now, as a lot of the security elements are put in place since we have moved passed the concrete and the steel element of the bus ramp bridge. One item note too, the temporary bridge removal at beel street was progressing. Beel street was closed down on saturday morning and as soon as it was closed the overhead system, the lines were taken down. By monday, gordon ball had moved in and just about have done an amazing job the last three days, they are ahead of schedule, slightly, and we are keeping informed with everybody, but it is going well on beel street as the traffic is managed around and as with he go and as we are on track for our april first reopening to beel street. We did have one recordable incident since the last time that i was here, and it was not in february, about you it was on march first, i brought that in there, usually i only keep the february month, but i did figure that it was close enough prior to preparing this, that there was one of the iron workers was drilling a hole through one of those metal sheet metals and his pinky got caught, in there. And unfortunately they had to do the work on his pinky and he lost a fair amount of his pinky in the process, about you in true, iron worker, he was back to work the very next day. So, on modified duty at least. And we enkured almost, 100,000 hours of trade and with the total of almost 3. 16 million hours, to date. So with that, i will turn that over to ron, to complete the rest of the construction up date. Thank you. Good morning, directors and thank you, dennis and it is always and i enjoyed the photo as a testament of great progress in the last months or year. In terms of budget, we are pretty much staying course with the expectations they are estimated to cost have completing remains constant at 2. 146. Billion. Well, below our target max of 1. 159. We had an uptick of expenditures reflective of the Million Dollar a day, stat that dennis had mentioned. In pace with the completing objectivity or the contract requirement for december 22nd. Commitments that were elevated of 106 million that is reflected with the confusion of the new funding from the city as well as tifia and afforded us the opportunity to notice to proceed to the contractors to give them a free and clear and wide path to meet their objective of substantial completion. With respect to costs, draw downs, last month, with he drew down about 3. 8. Almost half of that was really just procurement of the emergency radio systems. So that is all planned activity. Other than that, it was some with regard to change orders related to work to accommodate the seismic join for the Sales Force Tower that is a reimbursable as well. And the remainder are fairly incidental change orders. Schedule is pretty much constant which is a good thing in terms of the Transit Center. In terms of substantial completion and we held duration on final completion as well over the last month. The park given the amount of rain we had i was not surprised to see a couple of days slip on the roof park. Again, we are striving to get better and good momentum on that to start reigning that in. And dennis mentioned the frame five difficulties for the bus ramp and that is reflected in the schedule as well in terms of showing a substantial completion of april 28th, which is a little bit late per their contract. However, it really has no impact on the Transit Center opening as you can see there is a lot of space or float as we call it between substantial for the Transit Center and the bus ramp. But Storage Facility we did receive bids that is up coming agenda item that dennis will go into depth on. Where we are eager to engage that effort that represented the largest budget risk in terms of unprocured scope. So the bid came in relatively favorable and i will not steal denniss thunder, but we are comfortable with advancing that one. Risk is constant in concerns of concern of maintaining schedule. Again as i mentioned last month, the strategy is dont let the Little Things grow into big things and we are trying to address issues as they are arising, and really a lot of small ball things that come up, are hearing about, you know, features of lighting and ceilings, and pile on. And nothing that rises us to the level of board concern. The temporary bridge removal was again, resequencing the strategy, and i mentioned last month that was engaged on saturday. And i believe that it is pacing a little ahead of schedule, which is a good thing. So i think that our general schedule Mitigation Strategy is bearing good fruit. Added the risk of systems installation and commissioning, where we are engaging or initiating that effort. I will describe it as a preMitigation Strategy. There is nothing over arching as a problem. But with all complex projects, low voltage and the like, always come in and bite you at the end. So, trying to stay ahead of that curve, and stay engaged or in formed of what chatter is out there as we advance shot drawings, and in particular, with fire alarms and with the fire department. They get rather persnikidy about the performance of the fire alarms and so i am just trying to make sure that everything is engaged and addressed in a timely fashion. Some specifics are as i mentioned the roof part pile ones and some inner relationship with the fire alarm as it relates to the mass notification sy