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New and old business. Okaywe have a new president elect, we know that. I would like to not know. Just in case nobody knew. Next item item 5, executive director report. October 20 meeting approved reduction in lease rates under interstate 80 for the bus service facility. This will benefit golden gate transit which has similar storage lot under i 80 with lease rates set to exspire nucs month. The current lease is approximately 560 thousand per euros year. [inaudible] caltrans informed on the current fair market value the cost of the lease will increase to 1. 4 million per year after twnt Percent...

Year after twnt Percent Discount. Through the collaborative effort of golden gate district and ac translt and help with caltrans approved a lease term with 85 Percent Discount of fair market value reducing the lease to more than 85 Percent Discount of fair market value reducing the lease to more than a million to 25 thousand a year which is half of what golden gate is paying now. Like to thank director harper who was at the meeting and thank director sartipi caltrans staff for helping come to this. That was a great result for us. Our next steps would be enter into agreement with caltrans and a...

Big bucks it will be a long day. I just bring it up now. We look at mitigation strategies and i dont know that there might be something even at this stage in terms of what we are building or finishing we can say my gosh if we 800 foot trains lets not get carried away at the end. We havent. We havent built a extension. The end is beale street, not main. That is the next stage. It in the environmental agreement. Even within the building we have much more than we need on a 800 train. We have a little more. Cal train committed to 8 car trains. They are going to 6 right now and it wont be long befo...

And this increase is a line with inflation to ensure that the level of funding will keep pace overtime. The reason i say these things is we stressed this morning the absolute criticality of a strong federal partnership, predictability of funding and significantly increased federal funding to help, to earn the tide to turn the tide on this. I want to make a clear we appreciate and respect at the local level we need to step up and do our part as well. So thats what you see on the part of our commonwealth. So what ill say is that things have certainly gotten much better but we, and were continuin...

Comes down on cspan2. We will go live to the Heritage Foundation a Panel Discussion scheduled on the upcoming president ial elections in ukraine set for this sunday may 25. Citizens will vote for the successor to a place be ousted president that fled to russia back in february. Topic expected to be discussed include involvement in ukraine, security concerns during the election and policy implications with the u. S. Lets go to the coverage under way right now on cspan2. [inaudible conversations] [inaudible conversations] [inaudible conversations] good morning ladies and gentlemen. Welcome to th...