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So, it would be this retroactivity would take place six months after the fare increase that this would compare to. Thanks. I dont get why we do this, but lets keep going. Okay. Mr. Lee, can i say mr. Rifkin pointed out that 2020 for the feeder agreement, the Contract Expense of that, this one would extend only to 2014 because were trying to maximize our ability to negotiate after the bart boards fare policy increase. And this allows us to negotiate to our own interests for the mta and the city by having this contract only go to 2014 . Well, i think the idea behind going to 2014 was we wanted t...

Agreement gave about a 32 discount, the reimbursement rate was probably 32 less than the price of the full fare ticket. And per the bart board fare policy which has been in place over 10 years at this point, the bart board regularly increases fares every two years at a rate consistent with cpi less half a percent for productivity improvements. With this fare policy in place over the last decade, there has been there have been occasions when the fare has actually increased faster than the rate of inflation. For example, as identified by the budget and legislative analyst in 2011, fares from 200...

10 , but not on the total amount. So, for example, if the fares were to increase 10 in rider ship growth were to be 5 , then the total amount increase would be 15. 5 . And then the future reimbursement rates would be tied to the percentage of growth in bart fareses similar to the way its been historically structured. Those were the terms of the past agreement. Thank you. And then the mta has already budgeted to provide a retroactive payment for these agreements . Yes. The agreement . That is my understanding that is correct, yes. Thank you. Thank you, supervisor avalos. We have been joined by ...

Opposition yes. [speaker not understood] district attorneys office. This is attorney john givener. If its possible the board would continue the hearing on february 5th and finally make a decision on the 129tion or later. I would recommend [speaker not understood]. 12th fair enough. Strike the date from the further resolve clause well do it subject to the approval of the board of supervisors on the moscone expansion district. And i have a second to that. We can do that without opposition. And id like to make a motion to add a similar clause on items 6 and 7 authorizing and allocating the certif...

Big headwinds facing the market, and the Obama Administration saying it is ready to act in syria if needed. Secretary jack lew on squawk saying moments ago the president will not negotiate over the debt ceiling. Good news for tiffany, and luxury, in that it was boosted by sales in china. And the end of the era, bill ackman is bailing on jcpenney, and they are looki in ing to ses shares. And we will look at the new home sales to be released. Treasury secretary jack lew telling our own john harwood that the president will not e negotiate over the debt limit which could be reached in midoctob mid...