| Finance Committee - September 15, 2009 |
|
AGENDA FINANCE COMMITTEERescheduled Meeting Notice Date: 11:00 a.m., Tuesday, September 15, 2009
1. Roll Call 2. Approval of Minutes of the July 14, 2009 Meeting - ACTION* attachment 3. Recommend Increasing the Amount of the Professional Services Contract with Cordoba/Zurinaga Joint Venture by $1,574,000, to a Total Amount Not To Exceed $2,574,000, to Provide On-Call Project Management and Oversight Services and Authorizing the Executive Director to Negotiate the Non-Monetary Provisions - ACTION* attachment For many years, Authority has had on-call project management and oversight (PMO) services, which are intended to augment and complement the Authority's existing resources by providing specialized expertise, serving as an on-call supplement to staff, particularly for oversight and delivery support for major capital projects, handling tasks during peak work loads, and taking on tasks requiring quicker response times than existing staff resources alone would permit. In July 2008, through approval of Resolution 09-04, the Board authorized a two-year contract with three additional one-year extension options to the Cordoba/Zurinaga Joint Venture (C/Z) to provide PMO services. The contract, which is on a task-order basis, had an initial budget of $1 million. Since September 2008, C/Z has provided oversight services for the Authority's major capital projects, provided support for planning projects, project management services for projects in which the Authority is taking the lead on behalf of other City agencies, and played an integral part in the development of the 2009 Prop K Strategic Plan and 5-Year Prioritization Program updates. The original budget for this contract provided adequate Prop K funds for the anticipated core services, namely project oversight, plus a nominal amount for future on-call tasks. The original budget did not provide funding for future tasks whose scopes of work were not known at the time. This amendment includes funding for two large task orders not identified when the C/Z contract budget was negotiated. One task order provides increased support services associated with the acceleration of the Doyle Drive Replacement Project and second is necessitated by the Authority taking a lead role in the preliminary engineering phase for the 19th Avenue bulb-out project. Collectively, they account for about 57% of the recommended contract increase. Further, for the coming year there are a large number of major capital projects simultaneously moving into more advanced phases which will need increased attention and oversight. We are seeking a recommendation to increase the amount of the professional services contract with Cordoba/Zurinaga Joint Venture by $1,574,000, to a total amount not to exceed $2,574,000, to provide on-call project management and oversight services and authorizing the Executive Director to negotiate the non-monetary provisions. 4. Recommend Approval of the Revised Investment Policy and Debt Policy - ACTION* attachment It is Authority direction to review the Investment Policy and Debt Policy on an annual basis to ensure compliance with current statutes and Authority objectives. For Fiscal Year 2009/10 and upon the advice of the Authority's financial advisors, we are recommending approval of minor changes to the Investment Policy and the Debt Policy to conform to applicable law and to allow for increased flexibility. We are seeking a recommendation for approval of the revised Investment Policy and Debt Policy. 5. Introduction of New Items - INFORMATION 6. Public Comment 7. Adjournment
Please Note: that the meeting proceedings can be viewed live at http://www.sfgov.org/sfgtv or that evening at 6:00 pm on Cable Channel 26 in San Francisco, with a repeat on the weekend (either Saturday or Sunday evening). To know the exact cablecast times for weekend viewing, please call SFGTV at (415) 557-4293 on Friday when the cablecast times have been determined. In order to assist the City's efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at all public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals. To obtain a disability-related modification or accommodation, including auxiliary aids or services, to participate in the meeting, please contact Erika Cheng at 415.522.4800 at least two business days before the meeting. If any materials related to an item on this agenda have been distributed to the Finance Committee after distribution of the agenda packet, those materials are available for public inspection at the San Francisco County Transportation Authority at 100 Van Ness Avenue, Floor 26, San Francisco, CA 94101, during normal office hours. Lobbyist Registration and Reporting Requirements: Individuals and entities that influence or attempt to influence local legislative or administrative action may be required by the San Francisco Lobbyist Ordinance [SF Campaign & Governmental Conduct Code, Sec. 2.100] to register and report lobbying activity. For more information about the Lobbyist Ordinance, please contact the S.F. Ethics Commission at 30 Van Ness Ave., Suite 3900, San Francisco, CA 94102, telephone (415) 581-2300; or website www.sfgov.org/ethics. |
