| Finance Committee - June 8, 2010 |
|
AGENDA FINANCE COMMITTEEMeeting Notice
Date: 11:00 a.m., Tuesday, June 8, 2010
1. Roll Call 2. Approval of Minutes of the May 11, 2010 Meeting - ACTION* attachment 3. Recommend Adoption of the Proposed Fiscal Year 2010/11 Annual Budget and Work Program - ACTION* attachment Pursuant to State statutes (PUC Code Sections 131000 et seq.) and the Authority's Fiscal Policy, the Authority Board must adopt an annual budget for the following fiscal year by June 30. The proposed Fiscal Year (FY) 2010/11 Annual Budget includes projections of sales tax revenues, federal, state and regional grants, and investment income for the fiscal period, as well as projections of operating and administrative costs, capital expenditures, and associated financing costs. The proposed FY 2010/11 Annual Budget also includes a description of the Authority's proposed Work Program for the coming fiscal year. Total revenues are projected to be $129.2 million, including $68.7 million in sales tax revenues. Total expenditures are projected to be $187.2 million. Capital expenditures are projected to be $170.8 million or about 91.2% of total expenditures. The proposed budget includes a bond issue of $340 million, to meet funding requirements for Prop K capital projects and to refund outstanding commercial paper debt. The need for debt issuance has been recognized since the adoption of the first Prop K Strategic Plan, but the timing has been subject to the schedule of delivery of large capital projects by City departments. We are seeking a recommendation for the adoption of the proposed FY 2010/11 Annual Budget and Work Program. 4. Recommend Authorization for the Executive Director to Negotiate and Execute Annual Contract Renewals with City and County of San Francisco Departments and to Exercise Contract Options for Various Annual Professional Services, in an Amount Not to Exceed $1,227,220 - ACTION* attachment The Authority contracts with City and County of San Francisco (City) departments and outside firms for certain specialized professional services in areas where factors like costs, work volume, or the degree of specialization required would not justify the use of in-house staff. We are recommending renewing annual contracts with City departments and exercising contractual options for various annual professional services that include general legal counsel, video production services for Authority Committee and Board meetings, project management oversight services and automobile level of service monitoring services for Fiscal Year 2010/11 in an amount not to exceed $1,227,220. We are seeking a recommendation to authorize the Executive Director to negotiate and execute annual contract renewals with City departments and to exercise contract options for various annual professional services, in an amount not to exceed $1,227,220. 5. Recommend Increasing the Authorized Amount of the Memorandum of
Agreement with Treasure Island Development Authority by $487,000, to a Total Loan
Obligation Amount Not to Exceed $9,287,000, to Complete Preliminary Engineering
and Design for the I-80/Yerba Buena Island Interchange Improvement Project and
Authorizing the Executive Director to Modify Certain Agreement Terms - ACTION* attachment enclosure Under its capacity as the Congestion Management Agency for San Francisco, the Authority is working jointly with the Treasure Island Development Authority (TIDA) and the Office of Economic and Workforce Development (OEWD) on the development of the I-80/Yerba Buena Island (YBI) Interchange Improvement Project. Under the Memorandum of Agreement (MOA) between the Authority and TIDA, TIDA has the responsibility to reimburse all Authority costs incurred on the project. TIDA's initial loan obligation from Prop K funds was capped at $3,000,000. In May 2009, the Authority approved Amendment #1 to the MOA with TIDA to increase TIDA's loan obligation to $8,800,000 and a corresponding amendment to the AECOM professional services contract. In October 2009, the Authority approved Amendment #2 authorizing execution of Caltrans Cooperative Agreements to allow for reimbursement of Caltrans estimated capital and support costs by temporarily shifting funds from the AECOM professional services contract line item. The TIDA MOA authorized amount of $8,800,000 was not increased at that time. The Authority has recently applied for Federal Highway Bridge Program funding for the preliminary and final design phases of the project and is expecting approval of funding by June 2010. TIDA funds will leverage the federal grant award and fulfill the local match requirement. We are seeking a recommendation to increase the authorized amount of the MOA with TIDA by $487,000, to a total loan obligation amount not to exceed $9,287,000, to complete preliminary engineering and design for the I-80/YBI Interchange Improvement Project and to authorize the Executive Director to modify certain agreement terms. 6. Recommend Increasing the Amount of the Professional Services Contract with AECOM by $9,200,000, to a Total Amount Not to Exceed $15,935,000, to Complete Preliminary Engineering and Design of the I-80/Yerba Buena Island Interchange Improvement Project and Authorizing the Executive Director to Negotiate Contract Terms and Conditions - ACTION* attachment enclosure Under its capacity as the Congestion Management Agency for San Francisco, the Authority is working jointly with the Treasure Island Development Authority (TIDA) and the Office of Economic and Workforce Development (OEWD) on the I-80/Yerba Buena Island (YBI) Interchange Improvement Project. Under the Memorandum of Agreement (MOA) between the Authority and TIDA, the consultant contract for environmental and engineering services is managed and administered by the Authority. TIDA has the responsibility to reimburse the Authority for all costs on the I-80/YBI Interchange Improvement Project. The Authority has recently applied for Federal Highway Bridge Program (HBP) funding for the preliminary engineering and design phase of the project and is expecting approval of funding by June 2010. In June 2008, through Resolution 08-72, the Authority awarded a contract to AECOM for preliminary engineering and environmental studies for an amount not to exceed $2,500,000. Amendment #1 to the AECOM contract, approved by the Authority in May 2009 for continued preliminary engineering and partial preliminary design activities, increased the contract amount to $8,200,000. Amendment #2, approved by the Authority in October 2009, authorized the execution of Caltrans Cooperative Agreements to allow for reimbursement of Caltrans estimated capital and support costs by temporarily shifting funds from the AECOM professional services contract line item and reduced the AECOM contract by $1,465,000. We are seeking a recommendation to increase the amount of the professional services contract with AECOM by $9,200,000, to a total amount not to exceed $15,935,000, to complete preliminary engineering and design of the I-80/YBI Interchange Improvement Project and to authorize the Executive Director to negotiate contract terms and conditions. 7. State and Federal Legislative Update - INFORMATION/ACTION* attachment 8. Introduction of New Items - INFORMATION 9. Public Comment 10. 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 or via email at at least two business days before the meeting. The nearest accessible BART station is Civic Center (Market/Grove/Hyde Streets). Accessible MUNI Metro lines are the F, 5, 21, 47, 49, 71, 71L, J, K, L, M, N, T (exit at Van Ness Station). MUNI bus lines also serving the area are the 6, 7, and 9 San Bruno. For more information about MUNI accessible services, call (415) 701-4485. There is accessible parking in the vicinity of City Hall at Civic Center Plaza and adjacent to Davies Hall and the War Memorial Complex. Accessible curbside parking is available on Dr. Carlton B. Goodlett Place and Grove Street. If any materials related to an item on this agenda have been distributed to the Plans & Programs 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 94102, 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.
|
