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4. Recommend Approval of the Revised Administrative Code, the Revised Rules of Order, the Revised Debt, Fiscal, Investment and Procurement Policies, and the Travel, Conference, Training and Business Expense Reimbursement Policy – ACTION* 15

While it is Transportation Authority direction to review the Investment Policy and Debt Policy on an annual basis, it is also important to review the administrative code and all policies periodically, to ensure compliance with current statutes and the Transportation Authority’s objectives. Upon the advice of the Transportation Authority’s financial advisors, bond counsel and legal counsel, we are recommending changes to the Administrative Code; Rules of Order; Debt, Fiscal, Investment, and Procurement Policies; and the Travel, Conference, Training and Business Expense Reimbursement Policy to conform to applicable law and consistent with state and local government codes. We are seeking a recommendation to approve the revised Administrative Code, the revised Rules of Order, the revised Debt, Fiscal, Investment and Procurement Policies, and the Travel, Conference, Training and Business Expense Reimbursement Policy.

End of Consent Calendar

5. Recommend Increasing the Amount of the Professional Services Contract with Mark Thomas & Company, Inc. by $66,841 to a Total Amount Not to Exceed $665,022 for Planning, Environmental, and Engineering Services; Increasing the Amount of the Professional Services Contract with S&C Engineers, Inc. by $130,000, to a Total Amount Not to Exceed $550,700, for Construction Management Services; Increasing the Amount of the Construction Contract with O.C. Jones & Sons, Inc. by $348,000 to a Total Amount Not to Exceed $2,369,468; Authorizing the Executive Director to Modify Payment Terms and Non-Material Contract Terms and Conditions for All Three Contracts; and Authorizing an Additional Construction Allotment of $213,800 to a Total Amount Not to Exceed $400,800 for the Folsom and Fremont Street Off-Ramp Realignment Project – ACTION* 115

As the Congestion Management Agency for San Francisco, the Transportation Authority is the lead agency in the implementation of the Folsom and Fremont Street Off-Ramp Realignment Project (project), implementing the project on behalf of the San Francisco Office of Investment and Infrastructure (OCII), Successor Agency to the Redevelopment Agency. Under agreements with OCII, we have entered into contracts with Mark Thomas & Company, Inc. (MTCo) for engineering design services, S&C Engineers, Inc. (S&CE) for construction management support services, and O.C. Jones & Sons, Inc. (OCJ) for construction services. Additional effort by both MTCo and S&CE was needed to complete the design phase, and constructability review, secure the Encroachment Permit from the California Department of Transportation, contractor procurement, and construction oversight. Further, the unforeseen discovery of contaminated soil on the project site necessitates a substantial increase to the construction contract budget that exceeds the original project reserve amount. We recommend that all three contracts be amended to account for the additional efforts required. Increases to these contracts are contingent on an amendment to our existing Memorandum of Agreement with OCII to fully reimburse the Transportation Authority for project management, administrative, construction management, and construction services. This agreement is anticipated to be amended by the Commission on OCII on January 20, 2015. We are seeking a recommendation to increase the amount of the professional services contract with Mark Thomas & Company, Inc. by $66,841 to a total amount not to exceed $665,022, for planning, environmental, and engineering services; increase the amount of the professional services contract with S&C Engineers, Inc. by $130,000 to a total amount not to exceed $550,700, for construction management services; increase the amount of the construction contract with O.C. Jones & Sons, Inc. by $348,000 to a total amount not to exceed $2,369,468; authorize the Executive Director to modify contract payment terms and non-material contract terms and conditions for all three contracts; and authorizing an additional construction allotment of $213,800 to a total amount not to exceed $400,800 for the Folsom and Fremont Street Off-Ramp Realignment Project.

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6. Recommend Approval of the Scope of Work for the Improving West Side Transit Access Strategic Analysis Report – ACTION* 131

At the November 18 meeting of the Finance Committee, Commissioner Tang requested that staff conduct a Strategic Analysis Report (SAR) to investigate options for improving access to alternative modes, especially transit, on the West Side of San Francisco. She cited the 2014 Sunset District Blueprint that identified the need to improve transit service quality in the west side, which is less convenient and reliable than in the eastern core of the city. As a result, a disproportionate share of west side residents and employees choose to drive. Equity analysis conducted for the San Francisco Transportation Plan identified that transit access in the city’s west side is poorer than in other parts of the city. As part of the SAR scoping process, we have consulted further with Commissioner Tang and with the San Francisco Municipal Transportation Agency on relevant issues that should be addressed in the SAR. The proposed SAR will identify recommendations for improving the alternative transportation options available in the west side, focusing on one or more specific travel markets (e.g. west side to downtown or west side to south bay) as well as one or more target groups of travelers (e.g. students, commuters, or other). The SAR will identify the current travel patterns of those in the target market; identify the transportation options already available to them and those planned for the future, and make strategic recommendations regarding possible additional improvements that would serve their travel needs and encourage use of sustainable modes of travel. The effort is intended to be completed in approximately 6 months for an expected cost of $30,000. We budgeted for two SARs in Fiscal Year 2014/15. If approved, this would be the first SAR authorized this fiscal year. We are seeking approval of the scope of work for the Improving West Side Transit Access SAR.

7. State and Federal Legislative Update – INFORMATION/ACTION* 137

Every month, we provide an update on state and federal legislation and, when appropriate, seek recommendations to adopt new positions on active legislation. The attached matrix tracks the latest activity on state bills and the positions previously adopted by the Transportation Authority. As shown on the attached legislative matrix, we are currently not recommending the approval of any new positions this month, but are adding a bill to watch. At the meeting, we will also provide an overview of the $1.1 Trillion federal spending bill that President Obama signed into law on December 16, 2014 and its impact on transportation funding. This is an information/action item.

8. Introduction of New Items – INFORMATION

9. Public Comment

10. Adjournment

* Additional materials

--------------------------------------------------------------------------------------------------------------------------------

Please note that the meeting proceedings can be viewed live or on demand after the meeting at www.sfgovtv.org. To know the exact cablecast times for weekend viewing, please call SFGovTV at (415) 554-4188 on Friday when the cablecast times have been determined.

The Legislative Chamber (Room 250) and the Committee Room (Room 263) in City Hall are wheelchair accessible. Meetings are real-time captioned and are cablecast open-captioned on SFGovTV, the Government Channel 26. Assistive listening devices for the Legislative Chamber are available upon request at the Clerk of the Board's Office, Room 244. Assistive listening devices for the Committee Room are available upon request at the Clerk of the Board's Office, Room 244 or in the Committee Room. To request sign language interpreters, readers, large print agendas or other accommodations, please contact the Clerk of the Authority at (415) 522-4800. Requests made at least 48 hours in advance of the meeting will help to ensure availability.

The nearest accessible BART station is Civic Center (Market/Grove/Hyde Streets). Accessible MUNI Metro lines are the F, J, K, L, M, N, T (exit at Civic Center or Van Ness Stations). MUNI bus lines also serving the area are the 5, 6, 9, 19, 21, 47, 49, 71, and 71L. 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.

In order to assist the Transportation Authority’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 Transportation Authority accommodate these individuals.

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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 Transportation Authority at 1455 Market Street, Floor 22, San Francisco, CA 94103, during normal office hours.

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 San Francisco Ethics Commission at 25 Van Ness Avenue, Suite 220, San Francisco, CA 94102; telephone (415) 252-3100; fax (415) 252-3112; website www.sfethics.org.

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M:\Finance\2014\Minutes\12 Dec 09 2014 Fin Mins.docx Page 1 of 4

0000000000

DRAFT MINUTES

FINANCE COMMITTEE Tuesday, December 9, 2014

1. Roll Call

Chair Cohen called the meeting to order at 11:38 a.m.

Present at Roll Call: Commissioners Cohen, Farrell, Tang and Wiener (4)

Consent Calendar

Chair Cohen removed Item 4 from the Consent Calendar to be considered as a separate item.

2. Approve the Minutes of the November 18, 2014 Meeting – ACTION

3. Recommend Increasing the Amount of the Professional Services Contract with WMH Corporation by $5,400,000, for a Total Amount Not to Exceed $11,300,000 to Complete Preliminary Engineering, Environmental Analysis, and Design Services for the Yerba Buena Island Bridge Structures and Authorizing the Executive Director to Modify Non-Material Contract Terms and Conditions – ACTION

There was no public comment.

Items 2 and 3 on the Consent Calendar were approved without objection by the following vote:

Ayes: Commissioners Cohen, Farrell, Tang and Wiener (4)

4. Recommend Exercising the Second One-Year Option of the Memorandum of Agreement (MOA) with the Office of Economic and Workforce Development and to Increase the MOA Amount by $164,600, to a Total Amount Not to Exceed $500,000, for CityBuild Services to Promote Workforce Development for Phase II of the Presidio Parkway Project and Authorizing the Executive Director to Modify Non-Material Agreement Terms and Conditions – ACTION

Cynthia Fong, Deputy Director for Finance and Administration, introduced the item per the staff memorandum. Pat Mulligan, Director of CityBuild at the Office of Economic and Workforce Development, presented the item.

Chair Cohen asked which neighborhoods the 120 local residents hired on this project were from.

Mr. Mulligan responded that he could provide that information by zip code and demographic, as anyone who received employment services through CityBuild had to be registered with a San Francisco address. He added that CityBuild’s practices were focused on the economically disadvantaged and that its workforce training programs were predominantly made up of residents from the southeast area of the city.

Ms. Fong stated that this item went before the Citizens Advisory Committee on December 3 and received a unanimous motion of support. She said that the Transportation Authority was currently able to fund this $164,600 contract with an appropriation previously approved by the

5


Board, and that any adjustments that would need to be made for the Fiscal Year 2014/15 adopted budget would be made at the mid-year point.


This item was approved without objection by the following vote:


End of Consent Calendar

Chair Cohen called Items 5 and 6 together.

5. State and Federal Legislative Update – INFORMATION/ACTION

Mark Watts, State Legislative Advocate for the Transportation Authority, presented the item. He reported that chairs had been announced for the Assembly Transportation Committee and for the Assembly Budget Committee. Mr. Watts stated that key transportation items in the coming year would be the funding shortfall, with a focus on state and local revenue growth. He added that the creation of the state’s Rainy Day Fund might exert budgetary pressure across state expenditure categories.

Mr. Watts reported that more than 105 new measures were introduced at the beginning of the session, including six transportation-related bills. He said that several of the new transportation bills focused on ending funding for High-Speed Rail and deferring or exempting fuels from the cap and trade regime. He noted that these bills were not likely to make it out of Committee. He recommended the following positions on six transportation bills: support for Assembly Bill (AB) 8 (Gatto); and oppose for AB 6 (Wilk), AB 23 (Patterson), Senate Bill (SB) 1 (Gaines), SB 5 (Vidak) and SB 39 (Pavley).

Commissioner Cohen asked what the approach to AB 6 was. Mr. Watts replied that AB 6 would restrict the sale of additional high-speed rail bonds, redirect existing revenues to debt service, and redirect unsold bond capacity to K-12 education. He added that the effort to kill high-speed rail was being led by Central Valley and Southern California Republicans who did not have enough votes to get the bills out of Committee.

Commissioner Cohen asked for clarification on AB 8. Mr. Watts explained that AB 8 was similar to prior bills in that it promoted street safety; however, unlike prior bills the Governor vetoed, AB 8 would not impose fines.

Commissioner Cohen asked about AB 40 and Golden Gate sidewalk fees. Mr. Watts said that AB 40 would prevent the imposition of charges for bicyclists and pedestrians on the Golden Gate Bridge. Commissioner Wiener said that eight of nine San Francisco Golden Gate Highway Bridge and Transit District Directors opposed the proposal to study these charges, and that the motion only won by one vote so he didn’t expect it to advance further. Mr. Watts added that the Committee would not likely take up AB 40 until March and then it may be put on hold if it makes it out of Committee.

Commissioner Cohen asked about SB 8 and SB 16. Mr. Watts explained that both bills were notices of Legislature intent and not yet fully formed bills. Commissioner Cohen asked for the staff contacts working on SB 8, which Mr. Watts said he could provide that as follow-up information. Commissioner Cohen stated an interest in seeing more language around homeless encampments and more effectively securing California Department of Transportation areas in

6


SB 16. Mr. Watts noted that he would be willing to engage on her behalf in the crafting of the bill, if the Commissioners desired.

Commissioner Cohen asked for clarification on AB 2. Mr. Watts responded that Governor Brown had made his stance on Redevelopment Agencies (RDAs) clear by disbanding them, and had carefully and thoughtfully crafted legislation on so-called Super Infrastructure Financing Districts (IFDs) in the wake of RDAs. Mr. Watts said that, given this position, Governor Brown would likely dismiss AB 2 and encourage use of the Super IFD framework.

6. Recommend Approval of the 2015 State and Federal Legislative Program – ACTION

Amber Crabbe, Assistant Deputy Director for Policy and Programming, presented the item per the staff memorandum.

There was no public comment for Items 5 and 6.

These items were approved without objection by the following vote:


7. Recommend Authorizing the Executive Director to Execute a Memorandum of Agreement with the San Francisco Planning Department for the Geary Bus Rapid Transit (BRT) Project Environmental Review Phase, in an Amount not to Exceed $139,276, and to Negotiate Agreement Payment Terms and Non-Material Agreement Terms and Conditions; and Assigning the Professional Services Contract with Jacobs Engineering Group to CirclePoint, Increasing the Amount of the Contract by $225,000, to a Total Amount Not to Exceed $4,409,489, for Environmental Analysis Services for the Geary BRT Project Environmental Impact Report/Statement, and Authorizing the Executive Director to Modify Non-Material Contract Terms and Conditions – ACTION

Chester Fung, Principal Transportation Planner, presented the item per the staff memorandum.

Commissioner Tang asked whether the project had utilized a request for proposals process and whether assignment of the contract would be allowable. Mr. Fung replied that the project did utilize a request for proposals process and noted that the contract terms specifically allowed for the contract to be assigned.

Commissioner Wiener asked whether staff was confident that, if funds were available, construction would indeed begin in 2018, and whether it would take two years. Mr. Fung replied that staff was confident in that date pending funding, and that the length of the construction period would depend in part on how long a construction segment would be. He noted that taking more blocks for construction at one time would shorten the overall construction period but would have higher disruption, and that the agencies wished to have a discussion with the community during the engineering design phase to determine the balance of construction disruption and overall construction timeframe.

Commissioner Wiener noted that the process had taken 12 years and asked how the process could be shortened for future projects. Tilly Chang, Executive Director, replied that the Van Ness Avenue BRT project had come before the Geary Corridor BRT project and provided learning opportunities, and that lessons from Geary could inform future BRT efforts such as 16th Street. She added that for Geary, the agencies were planning to deliver not just the full BRT but also near-term improvements. Asked by Commissioner Wiener about what ought to be the expected duration of future BRT development efforts, Ms. Chang gave an estimate of four years

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for construction, with two for planning, one for conceptual engineering, and one for final design. Commissioner Wiener related a recent experience of delivering a small project at Diamond and Bosworth with the San Francisco Municipal Transportation Agency (SFMTA), noting that the project took longer than expected, and asked whether there were signs of improvement in SFMTA’s delivery. Ms. Chang replied that there were signs of improvement, with senior management from the SFMTA and San Francisco Public Works meeting regularly to discuss implementation. She added that tools such as those allowing staff to see all projects currently planned for the same geographic areawere also aiding project delivery.


The item was approved without objection by the following vote:


8. Recommend Authorizing the Executive Director to Execute a Funding Agreement with the Metropolitan Transportation Commission, in an Amount Not to Exceed $300,000, for the San Francisco Bay Area Core Capacity Transit Study, and Authorizing the Executive Director to Negotiate Agreement Payment Terms and Non-Material Agreement Terms and Conditions – ACTION

Liz Brisson, Senior Transportation Planner, presented the item per the staff memorandum.

Commissioner Tang asked when the study would be completed.

Ms. Brisson responded that the study was just kicking off and was envisioned as an approximate two-year effort, with interim deliverables timed to inform the 2017 Regional Transportation Plan (RTP). She indicated that important investment decisions for the RTP would happen in Summer 2016. Ms. Brisson added that a refined schedule of study milestones, including timing of substantial public involvement opportunities, was anticipated after start-up was concluded in one month.


The item was approved without objection by the following vote:


9. Introduction of New Items


10. Public Comment


11. Adjournment

The meeting was adjourned at 12:51 p.m.

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jurisdictional issues exist. The Transportation Authority also conducts oversight to ensure timely delivery of other Prop K planning projects.

On December 11, 2012, through Resolution 13-19, the Transportation Authority awarded three-year consultant contracts, with an option to extend for two additional one-year periods, to Arup North America Limited (Arup), Nelson\Nygaard Consulting Associates (Nelson\Nygaard), and Stantec Consulting Services Inc. (Stantec), in a combined amount not to exceed $600,000 for on-call transportation planning services. On June 24, 2014, through Resolution 14-82, the Transportation Authority approved the first of two contract options and increased the contract amounts by an additional $300,000, to a combined total not to exceed $900,000. The establishment of contracts with one or more consultant teams enables the Transportation Authority to enlist the services of a broad range of transportation planning specialists on an on-call, task order basis.

DISCUSSION

The purpose of this memorandum is to seek a recommendation to exercise the second one-year option of the consultant contracts for on-call transportation planning services to support the Transportation Authority’s work program over the next year.

The transportation planning teams provides a unique set of skills, technical specialists, and relevant project experience, particularly in program management. In particular, Arup demonstrates strong capabilities in transit and highway operations analysis and other requested task areas, Nelson\Nygaard builds upon a proven track record of performance in a majority of on-call services task areas, and Stantec brings relevant experience in major transit and freeway performance initiatives as well as access to broad international experience through a United Kingdom-based partner. General areas of expertise include:

Project Management;

Transportation planning;

Communications and community involvement;

Design and cost estimation;

Modeling/data analysis; and

Policy and economic analysis

Since 2012, the consultant teams provided assistance to various transportation studies, including the Waterfront Transportation Assessment, Potrero Hill and Chinatown Neighborhood Transportation Plans (NTP), 19th Avenue Bulb-outs Project Study Report, Central Subway Phase III – Initial Study, Late Night Transportation Plan, Geary Corridor Bus Rapid Transit (BRT) Environmental Review support and the Geneva-Harney BRT Feasibility study, Treasure Island Mobility Management Program, Freeway Corridor Management Study and Strategic Highway Research Program Transit Passenger Simulation.

The first contract option, approved in June 2014, did not anticipate costs relating to the shift in personnel by a subconsultant that has recently joined Stantec. This subconsultant, which provided expertise in project management, toll policies and engineering, was previously contracted with under the Transportation Authority’s Project Management Oversight on-call contract for the Treasure Island Mobility Management Program and Freeway Corridor Management Study. Also, the Geneva-Harney BRT Feasibility study required additional project management and planning resources in order to address an expanded study effort that allowed the Transportation Authority to collaborate more fully with study partners in project development. In addition, in Fall 2014, the Federal Highway

10


Administration awarded the Transportation Authority a new grant to implement applied research on transit passenger simulation in a real-world planning environment. On-call planning services were needed for project management and planning expertise.

For the upcoming year, the consultant teams will continue to provide assistance as the following projects advance forward – Geary Corridor BRT, Chinatown NTP, Treasure Island Management Mobility Study, Freeway Corridor Management Study, and Strategic Highway Research Program Transit Passenger Simulation – and provide other anticipated transportation planning services as needed, such as the San Francisco Transportation Plan (SFTP) Update, the Neighborhood Transportation Improvement Program (NTIP), and SARs.

SFTP Update: In 2013, the Transportation Authority adopted SFTP that serves as the city’s blueprint for transportation system development and investment over the next 30 years. Consistent with newly adopted regional guidelines for development of countywide transportation plans, we initiated the 2017 SFTP Update in 2014 to update the plan to account for changes in mobility conditions since the last plan was adopted (e.g., the proliferation of Transportation Network Companies, significant housing construction, etc.) and to inform the 2017 Regional Transportation Plan (RTP or Plan Bay Area) update, which is now underway. The SFTP Update identifies key transportation needs through an analysis of future trends, and aligns these needs with projected available funding, as well as potential new revenues. The SFTP Update will include background papers and studies (land use, revenue, institutional, etc.) and strategic policy initiatives to support the investments in the transportation system. Consultant tasks for this project include project management support and technical analysis for needs identification and investment scenarios.

Treasure Island Management Mobility Program: As the designated Treasure Island Mobility Management Agency, the Transportation Authority carries out a work program per agreement with the Treasure Island Development Authority that includes three elements: agency governance, administration, and outreach; program planning; and program engineering. Agency governance and administration tasks include support for program scoping, scheduling, and budgeting, and strategic advising on toll agency formation and operation. Planning tasks include day-to-day management of the Treasure Island Mobility Management Study, which will recommend toll policies, anticipated in Summer 2015. Engineering tasks include serving as a liaison between the Planning team and Engineering team, and leading the development of operating agency agreements. We seek to continue our use of on-call planning services to carry out these tasks.

Geary Corridor BRT: The Geary Corridor BRT project is scheduled to complete its environmental review phase this year, with major milestones slated throughout the year, including circulating a public draft Environmental Impact Report/Statement (EIR/S) in the spring, developing responses to public comments received this summer, and developing a final EIR/S for certification and various related approval actions this fall. On-call planning services are needed to assist in managing the technical consultant team to produce the needed environmental documentation, conduct accompanying public outreach, and provide technical planning analysis on detailed design issues as they arise.

Strategic Highway Research Program Transit Passenger Simulation: In Fall 2014, the Federal Highway Administration (FHWA) awarded the Transportation Authority (as part of a three-agency consortium) a $700,000, 24-month grant to implement applied research on transit passenger simulation in a real-world planning environment. At the conclusion of this grant, San Francisco will have a more robust set of tools with which to analyze transit crowding and transit reliability. While a large tranche of the work will be completed in-house, on-call planning services are needed for project management among the three agencies, and planning expertise.

11


Chinatown NTP: The Chinatown NTP provides analysis and recommendations on how to address transportation issues of top concern to the Chinatown community. These include persistent high traffic volumes on Broadway and pedestrian safety issues on the neighborhood’s high injury corridors. Development of recommendations (with the support of consultant support provided through on-call planning services) is underway and the final project report is due by June 2015.

Freeway Corridor Management Study: The San Francisco Freeway Corridor Management Study (SF FCMS) is a collaborative effort that builds on recommendations from the 2013 SFTP. The SF FCMS initiates a planning process to look at ways to increase the operational efficiency and person throughput of San Francisco's freeways by considering technology and signage/striping, as well as converting existing general purpose travel lanes to carpool or transit lanes, and/or managed (express) lanes. It will provide inputs and priorities from San Francisco into parallel freeway management plans at both the regional and state level. This was one of the highest performing projects in Plan Bay Area. The SF FCMS findings will inform the development of the 2017 Plan Bay Area update. On-call planning services sought include strategic advising on the managed lane project development process.

Other Transportation Planning Services: Other anticipated transportation planning services may include support for SARs (e.g. see separate agenda item for approval of a SAR on Improving West Side Transit Access), NTIP and corridor and area planning studies. Several new studies are undertaken each year, and we also continue to support the implementation of completed NTPs after they are approved. We also reviews and provides input to other local, regional, and statewide transportation plans.

Given the wide range of desired proficiencies and experience, the amount and complexity of the Transportation Authority’s work program, and occasional conflicts of interest or availability that arise for specific efforts, there is a need for broad and deep access to transportation planning skills in the on-call planning contract. We propose to renew the contracts of all three consultant teams with whom the Transportation Authority may call upon on a task order basis. Such an arrangement has proved beneficial to the Transportation Authority’s work program.

Amounts and funding sources for each project included in the proposed contract amendments are summarized in Attachment 1. In addition to increases associated with specific projects, a contingency is also included to accommodate unanticipated needs for on-calling planning services. The proposed action will exercise the second and final option of the initial contract and maintains contract terms and conditions.

Since a portion of the contracts are anticipated to be funded with federal financial assistance from FHWA, administered by the California Department of Transportation (Caltrans) and the Metropolitan Transportation Commission (MTC), the Transportation Authority will adhere to federal regulations pertaining to disadvantaged business enterprises (DBE). For these contracts, we established a DBE goal of 13%. Overall, the three consultant teams have maintained 18% DBE participation collectively, from Asian Pacific-owned firm, Cooper Pugeda Management Inc., and women-owned firms, Eisen|Letunic, Transportation Analytics and Strategic Economics. Cooper Pugeda Management Inc. is also based in San Francisco.

ALTERNATIVES

1. Recommend exercising the second one-year option of the consultant contracts with Arup North America Limited, Nelson\Nygaard Consulting Associates, and Stantec Consulting Services Inc., increasing the contract amounts by $836,000, to a combined total amount not to exceed $1,736,000, for on-call transportation planning services and authorizing the Executive Director to modify contract payment terms and non-material contract terms and conditions, as requested.

2. Recommend exercising the second one-year option of the consultant contracts with Arup North

12


America Limited, Nelson\Nygaard Consulting Associates, and Stantec Consulting Services Inc., increasing the contract amounts by $836,000, to a combined total amount not to exceed $1,736,000, for on-call transportation planning services, and authorizing the Executive Director to modify contract payment terms and non-material contract terms and conditions, with modifications.

3. Defer action, pending additional information or further staff analysis.

CAC POSITION

Due to the year-end holidays, the Citizens Advisory Committee does not meet in late December and therefore, did not take a position on this item.195

FINANCIAL IMPACTS

The scope of work and budget described in the proposed amendment will be included in the Transportation Authority’s mid-year budget amendment and sufficient funds will be included in next fiscal year’s budget to cover the cost of these contracts. Budget for these activities will be funded by a combination of federal Surface Transportation Program grants, federal grants from Caltrans and MTC, local contributions from the Treasure Island Development Authority and Prop K funds.

RECOMMENDATION

Recommend exercising the second one-year option of the consultant contracts with Arup North America Limited, Nelson\Nygaard Consulting Associates, and Stantec Consulting Services Inc., increasing the contract amounts by $836,000, to a combined total amount not to exceed $1,736,000, for on-call transportation planning services, and authorizing the Executive Director to modify contract payment terms and non-material contract terms and conditions.

Attachment: 1. List of proposed projects and funding sources

13


Attachment 1: List of proposed projects and funding sources

Projects Funding Source(s) Amount

1. SFTP Update Federal Surface Transportation Program grant, Prop K and anticipated funding from the Mayor’s Office

$200,000

2. Treasure Island Mobility Management Program

Federal grants from Caltrans and MTC, Treasure Island Development Authority and Prop K

$195,000

3. Strategic Highway Research Program Transit Passenger Simulation

Federal grant from MTC $116,000

4. Geary BRT Prop K $100,000

5. Chinatown NTP Prop K $15,000

6. Freeway Corridor Management Study

Caltrans Planning Grant and Prop K $15,000

7. Contingency To be determined $195,000

TOTAL $836,000

14

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Transportation Authority’s request, Nossaman LLP (Nossaman), general counsel to the Transportation Authority, reviewed the Administrative Code adopted on January 28, 2014 through Ordinance 14-01. Based on that review, we are recommending changes as redlined in Attachment 2.

Rules of Order: The Rules of Order establishes procedures to ensure its Board and Committee meetings are conducted in a clear and efficient manner, while in compliance with current statutes and Transportation Authority objectives. Nossaman reviewed the Rules of Order adopted on January 28, 2014 through Resolution 14-43, and based on that review, we are recommending changes as redlined in Attachment 3.

Debt Policy: The purpose of the Debt Policy is to organize and formalize debt issuance-related policies and procedures. At the Transportation Authority’s request, the Transportation Authority’s financial advisor, KNN Public Finance (KNN), and the Transportation Authority’s bond counsel, Nixon Peabody LLP (Nixon Peabody), reviewed the Debt Policy adopted on January 28, 2014 through Resolution 14-43. Based on that review, we are recommending changes as redlined in Attachment 4.

Fiscal Policy: The Fiscal Policy is designed to guide decisions pertaining to internal fiscal management, including day-to-day operations, annual budget development and sales tax revenue allocation requirements of the Transportation Authority. KNN and Nixon Peabody reviewed the Fiscal Policy adopted on January 28, 2014 through Resolution 14-43, and based on that review, we are recommending changes as redlined in Attachment 5.

Investment Policy: The purpose of the Investment Policy is to set out policies and procedures that enhance opportunities for a prudent and systematic investment policy and to organize and formalize investment-related activities. KNN and Nixon Peabody reviewed the Investment Policy adopted on January 28, 2014 through Resolution 14-43, and based on that review, we are recommending changes as redlined in Attachment 6.

Procurement Policy: The Procurement Policy is designed to guide decisions pertaining to procurement, including the modes, methods and procedures for acquiring the materials, equipment and services necessary to carry out the operations of the Transportation Authority. Nossaman reviewed the Procurement Policy adopted on January 28, 2014 through Resolution 14-43, and based on that review, we are recommending changes as redlined in Attachment 7.

Travel, Conference, Training and Business Expense Reimbursement Policy: This document establishes a set of policies relating to travel, conference, training and business expenses, and establishes procedures for reimbursement of commissioners and employees. These rules and guidelines are designed to safeguard public funds and to ensure the Transportation Authority and its personnel are using the most economical and well-documented procedures in a consistent manner. Based on the Transportation Authority’s review of the Travel, Conference, Training and Business Expense Reimbursement Policy adopted on June 17, 2008 through Resolution 08-79, we are recommending changes as redlined in Attachment 8.

ALTERNATIVES

1. Recommend approval of the revised Administrative Code, the revised Rules of Order, the revised Debt, Fiscal, Investment and Procurement Policies, and the Travel, Conference, Training and Business Expense Reimbursement Policy, as requested.

2. Recommend approval of the revised Administrative Code, the revised Rules of Order, the revised Debt, Fiscal, Investment and Procurement Policies, and the Travel, Conference, Training and

16

M:\Finance\2015\Memos\01 Jan\Policies\Policies and Admin Code Update FC Memo.docx Page 3 of 3

Business Expense Reimbursement Policy, with modifications.


CAC POSITION

Due to the year-end holidays, the Citizens Advisory Committee does not meet in late December and therefore, did not take a position on this item.

FINANCIAL IMPACTS

There is no financial impact to the Transportation Authority’s adopted FY 2014/15 budget from the requested action.

RECOMMENDATION

Recommend approval of the revised Administrative Code, the revised Rules of Order, the revised Debt, Fiscal, Investment and Procurement Policies, and the Travel, Conference, Training and Business Expense Reimbursement Policy.

Attachments (8):

1. Policies Matrix 2. Draft Administrative Code 3. Draft Rules of Order 4. Draft Debt Policy 5. Draft Fiscal Policy 6. Draft Investment Policy 7. Draft Procurement Policy 8. Draft Travel, Conference, Training and Business Expense Reimbursement Policy

17

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publ

ic lo

g as

to

the

stat

us

of

all

proj

ects

un

der

form

al

revi

ew.

Mem

bers

of

th

e ge

nera

l pu

blic

sh

all

be

enco

urag

ed to

sub

mit

thei

r co

mm

ents

in w

ritin

g as

ear

ly a

s po

ssib

le.

Cle

an-u

p ch

ange

. 10

Sect

ion

5.5.

10(a

)

Bef

ore

mak

ing

its d

ecis

ion

whe

ther

to

carr

y ou

t or

app

rove

the

pro

ject

, th

e B

oard

sha

ll re

view

and

con

side

r th

e in

form

atio

n co

ntai

ned

in t

he E

IR e

nviro

nmen

tal

docu

men

t and

sha

ll m

ake

findi

ngs

as r

equi

red

by C

EQ

A.

Cha

nge

mad

e to

mak

e se

ctio

n re

fere

nce

actio

ns th

at d

o no

t req

uire

an

EIR

. 11

Sect

ion

5.5.

12(b

)

Whe

re s

uch

a m

odifi

catio

n oc

curs

as

to a

pro

ject

tha

t ha

s be

en d

eter

min

ed t

o be

exc

lude

d or

cat

egor

ical

ly e

xem

pt, a

new

det

erm

inat

ion

shal

l be

mad

e. I

f th

e pr

ojec

t is

aga

in d

eter

min

ed to

be

excl

uded

or

cate

goric

ally

exe

mpt

, no

furt

her

eval

uatio

n sh

all

be r

equi

red.

If

the

proj

ect

is d

eter

min

ed n

ot t

o be

exc

lude

d or

cat

egor

ical

ly e

xem

pt,

an in

itial

stu

dy s

hall

be c

ondu

cted

as

prov

ided

in th

is S

ectio

n 5.

5.6.

Cle

an-u

p ch

ange

. 11

Sect

ion

5.5.

12(c

)

Whe

re s

uch

a m

odifi

catio

n oc

curs

as

to a

pro

ject

for

whi

ch a

neg

ativ

e de

clar

atio

n ha

s be

en a

dopt

ed o

r a

final

EIR

has

bee

n ce

rtifi

ed,

the

Tra

nspo

rtat

ion

Aut

horit

y sh

all r

eeva

luat

e th

e pr

opos

ed p

roje

ct in

rel

atio

n to

suc

h m

odifi

catio

n. I

f, on

th

e ba

sis

of s

uch

reev

alua

tion,

the

Tra

nspo

rtat

ion

Aut

horit

y de

term

ines

, bas

ed o

n th

e re

quire

men

ts o

f C

EQ

A,

that

no

addi

tiona

l en

viro

nmen

tal

revi

ew i

s ne

cess

ary,

thi

s de

term

inat

ion

and

the

reas

ons

supp

ortin

g th

e de

term

inat

ion

shal

l be

note

d in

writ

ing

in t

he c

ase

reco

rd, a

nd n

o fu

rthe

r ev

alua

tion

shal

l be

requ

ired.

If

the

Tra

nspo

rtat

ion

Aut

horit

y de

term

ines

th

at

addi

tiona

l en

viro

nmen

tal

revi

ew

is

nece

ssar

y,

a ne

w

eval

uatio

n sh

all b

e co

mpl

eted

pri

or to

the

deci

sion

by

the

City

Boa

rd a

s to

whe

ther

to

Cle

an-u

p ch

ange

. 11

19

Att

achm

ent

1

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Fina

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1

AD

MIN

IST

RA

TIV

E C

OD

E

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

carr

y ou

t or

app

rove

the

pro

ject

as

mod

ified

. CE

QA

set

s fo

rth

spec

ific

requ

irem

ents

fo

r th

e de

term

inat

ion

of w

heth

er a

sup

plem

enta

l or

subs

eque

nt E

IR is

nec

essa

ry, a

s w

ell a

s th

e ap

plic

able

pro

cess

.

20

Att

achm

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1

RU

LE

S O

F O

RD

ER

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Rul

e 1.

1 A

s us

ed i

n th

ese

Rul

es,

the

follo

win

g w

ords

and

phr

ases

sha

ll ha

ve t

he m

eani

ngs

rece

ptiv

ely

resp

ectiv

ely

ascr

ibed

to th

em b

y R

ules

1.2

thro

ugh

1.18

. C

lean

-up

chan

ge.

1

Rul

e 1.

3 “A

dopt

ed”

in c

onne

ctio

n w

ith p

ropo

sed

reso

lutio

ns o

r or

dina

nces

, sh

all

mea

n an

d in

clud

e ad

optio

n of

suc

h pr

opos

ed r

esol

utio

ns o

f or

ord

inan

ces

by t

he S

an F

ranc

isco

C

ount

y T

rans

port

atio

n A

utho

rity.

Cle

an-u

p ch

ange

. 1

Rul

e 2.

2 E

xcep

t th

is r

ule

and

Rul

es w

hich

are

res

tate

men

ts o

f ot

her

appl

icab

le la

ws

and

whi

ch

are

desi

gnat

ed i

n th

ese

Rul

es b

y an

ast

eris

k, a

ny r

ule

may

be

susp

ende

d by

the

af

firm

ativ

e vo

te o

f ei

ght

(8)

mem

bers

unl

ess

ther

e be

les

s th

an e

ight

(8)

mem

bers

pr

esen

t, in

whi

ch c

ase

the

unan

imou

s co

nsen

t of

the

mem

bers

pre

sent

, bu

t no

t le

ss

than

six

(6) s

hall

be r

equi

red.

A m

otio

n to

sus

pend

the

rule

s is

not

deb

atab

le.

Cle

an-u

p ch

ange

. 3

Rul

e 2.

15

Any

per

son

so r

emov

ed s

hall

be e

xclu

ded

from

fur

ther

att

enda

nce

at t

he m

eetin

g fr

om w

hich

rem

oved

, unl

ess

perm

issi

on to

att

end

be g

rant

ed u

pon

mot

ion

adop

ted

by

a m

ajor

ity v

ote

of t

he B

oard

or

com

mitt

ee,

and

such

exc

lusi

on s

hall

be e

ffec

ted

by

atte

ndan

t la

w

enfo

rcem

ent

offic

er

or

offic

ers

upon

be

ing

so

requ

este

d by

th

e pr

esid

ing

offic

er.

Cle

an-u

p ch

ange

. 4-

5

Rul

e 3.

5 C

alen

darA

gend

a. P

rior

to p

repa

ratio

n of

the

cal

enda

rage

nda,

the

Exe

cutiv

e D

irect

or

shal

l re

view

and

fin

aliz

e w

ith t

he C

hair

all

mat

ters

to

be c

onsi

dere

d at

the

mee

ting.

A

ny m

embe

r m

ay r

eque

st o

f th

e C

hair

in

wri

ting

ten

(10)

bus

ines

s da

ys p

rior

to

the

sche

dule

d B

oard

or

co

mm

ittee

m

eetin

g th

at

an

item

be

in

clud

ed

on

the

cale

ndar

agen

da. T

he C

hair

shal

l eith

er r

efer

the

issu

e to

com

mitt

ee w

ithin

a r

easo

nabl

e tim

e or

adv

ise

the

mem

ber

why

it w

ill n

ot b

e sc

hedu

led.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

6

Rul

e 3.

7 T

he C

lerk

may

rea

d ab

brev

iate

d tit

les

of m

easu

res

on t

he c

alen

dar

agen

da w

hen

the

abbr

evia

ted

wor

king

will

cle

arly

exp

ress

to th

e m

embe

rs a

nd to

the

liste

ning

pub

lic th

e na

ture

of

the

mea

sure

.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

7

Rul

e 3.

9 *M

easu

res

Not

on

the

Cal

enda

rAge

nda.

Bef

ore

cons

ider

ing

an i

tem

of

busi

ness

not

on

the

cal

enda

rage

nda,

the

Boa

rd s

hall

adop

t a

mot

ion

(i) b

y m

ajor

ity v

ote

of t

he f

ull

mem

bers

hip

of t

he B

oard

tha

t an

em

erge

ncy

exis

ts, a

s de

fined

in G

over

nmen

t C

ode

Sect

ion

5495

6.5;

or

(ii)

by a

tw

o-th

irds

vote

of

the

full

mem

bers

hip,

or

if le

ss t

han

two-

third

s of

the

mem

bers

are

pre

sent

, a u

nani

mou

s vo

te o

f th

ose

mem

bers

pre

sent

, de

term

inin

g th

at t

here

is

a ne

ed t

o ta

ke i

mm

edia

te a

ctio

n an

d th

at t

he n

eed

to t

ake

actio

n ar

ose

afte

r th

e ca

lend

ar a

gend

a w

as p

oste

d (S

ectio

n 54

954.

2 of

the

Gov

ernm

ent

Cod

e).

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

7

21

Att

achm

ent

1

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Fina

nce\

2015

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1

RU

LE

S O

F O

RD

ER

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Rul

e 3.

10

All

reso

lutio

ns,

ordi

nanc

es,

parl

iam

enta

ry

actio

ns,

all

reco

mm

enda

tions

of

a

com

mitt

ee,

actio

ns o

n m

atte

rs w

hich

con

cern

onl

y th

e in

tern

al f

unct

ioni

ng o

f th

e B

oard

, di

rect

ives

to

the

stal

l st

aff

of t

he T

rans

port

atio

n A

utho

rity

to p

erfo

rm s

ome

spec

ific

act

in t

he l

ine

of t

he o

ffic

ial

duty

, ad

optio

n of

the

ann

ual

repo

rt,

inqu

ires,

ac

tions

of

a ce

rem

onia

l or

com

mem

orat

ive

natu

re, a

nd s

uch

othe

r ac

tions

as

may

be

appr

oved

by

the

Tra

nspo

rtat

ion

Aut

hori

ty’s

leg

al c

ouns

el,

may

be

acco

mpl

ishe

d by

m

otio

n.

Unl

ess

othe

rwis

e pr

ovid

ed b

y th

ese

Rul

es,

a m

otio

n of

a p

arlia

men

tary

nat

ure

shal

l re

quire

for

ado

ptio

n th

e af

firm

ativ

e vo

te o

f at

lea

st a

maj

ority

of

the

mem

bers

pr

esen

tof

the

Boa

rd o

r co

mm

ittee

, the

re b

eing

pre

sent

not

less

than

a q

uoru

m.

*All

othe

r m

otio

ns s

hall

requ

ire f

or a

dopt

ion

the

affir

mat

ive

vote

of

a m

ajor

ity o

f al

l th

e m

embe

rs o

f th

e T

rans

port

atio

n A

utho

rity

, exc

ept

as o

ther

wis

e pr

ovid

ed b

y th

ese

Rul

es, t

he C

ode,

or

othe

r ap

plic

able

law

(Sec

tion

1312

62 o

f th

e C

ode)

.

Cle

an-u

p ch

ange

.

Cha

nge

mad

e to

ref

lect

the

requ

irem

ent

in G

over

nmen

t Cod

e §

5495

2.6

that

ac

tions

of

a le

gisl

ativ

e bo

dy b

e m

ade

by

a m

ajor

ity o

f th

e m

embe

rs o

f th

at b

ody.

7

Rul

e 3.

22

Com

mun

icat

ions

sha

ll be

tim

e- s

tam

ped

and

shal

l be

dee

med

rec

eive

d by

the

Cle

rk

whe

n pr

esen

ted

to th

e T

rans

port

atio

n A

utho

rity’

s of

fice.

Com

mun

icat

ions

rec

eive

d pr

ior

to t

he p

rintin

g of

the

cal

enda

r ag

enda

sha

ll be

not

ed

on th

e ca

lend

ar a

gend

a fo

r th

e ne

xt f

ollo

win

g B

oard

mee

ting.

Com

mun

icat

ions

re

ceiv

ed

afte

r th

e pr

intin

g of

th

e ca

lend

ar

agen

da

shal

l be

su

mm

ariz

ed b

y th

e C

lerk

at t

he B

oard

mee

ting.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

8

Rul

e 3.

23

*Pos

ting

of t

he C

alen

darA

gend

a. T

he C

lerk

sha

ll po

st t

he c

alen

dar

agen

da a

nd s

end

a co

py o

f th

e ca

lend

ar a

gend

a to

all

pers

ons

know

n or

pre

sum

ed t

o be

inte

rest

ed in

the

pa

rtic

ular

mea

sure

to

be c

onsi

dere

d, a

nd s

uch

notic

e sh

all

be i

nitia

ted

so a

s to

be

reas

onab

ly d

esig

ned

to r

each

not

ifica

nts

not

late

r th

an s

even

ty-t

wo

(72)

hou

rs b

efor

e an

y re

gula

rly

sche

dule

d B

oard

mee

ting

and

twen

ty-f

our

(24)

hou

rs b

efor

e an

y sp

ecia

l m

eetin

g is

sch

edul

ed t

o be

con

side

red

(Sec

tions

594

54.2

, 54

956

of t

he G

over

nmen

t C

ode)

.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

9

Rul

e 3.

26

Any

mem

ber

of t

he p

ublic

is

entit

led

to c

omm

ent

on a

ny m

atte

r on

the

cal

enda

r ag

enda

bef

ore

it is

act

ed o

n by

the

Boa

rd.

In a

dditi

on,

the

last

ite

m a

t ea

ch B

oard

m

eetin

g sh

all p

rovi

de a

n op

port

unity

for

mem

bers

of

the

publ

ic to

dire

ctly

add

ress

the

Boa

rd o

n ite

ms

of in

tere

st t

o th

e pu

blic

whi

ch h

ave

not

been

dis

cuss

ed e

arlie

r in

the

m

eetin

g th

at a

re w

ithin

the

subj

ect m

atte

r ju

risdi

ctio

n of

the

Tra

nspo

rtat

ion

Aut

horit

y.

Mem

bers

of

the

publ

ic m

ay a

ddre

ss t

he B

oard

for

up

to t

hree

(3)

min

utes

or

for

such

nu

mbe

r of

min

utes

as

set

by t

he C

hair.

The

Cha

ir m

ay l

imit

the

tota

l te

stim

ony

to

thirt

y (3

0) m

inut

es (S

ectio

n 54

954.

3 of

the

Gov

ernm

ent C

ode)

.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

9

22

Att

achm

ent

1

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1

RU

LE

S O

F O

RD

ER

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Rul

e 4.

5 In

add

ition

to

the

regu

lar

mem

bers

of

each

com

mitt

ee, t

he C

hair

shal

l ser

ve o

n ea

ch

com

mitt

ee a

s a

non-

votin

g, e

x-of

ficio

mem

ber,

exce

pt t

hat

the

Cha

ir s

hall

serv

e as

a

votin

g m

embe

r w

hen

his

or h

er p

rese

nce

is n

eces

sary

in o

rder

to

cons

titut

e a

quor

um.

In th

e ca

se o

f a

tie v

ote

in a

ny c

omm

ittee

, the

Cha

ir w

ho is

pre

sent

but

not

act

ing

as a

vo

ting

mem

ber,

may

cas

t th

e de

cidi

ng v

ote.

A m

ajor

ity o

f th

e m

embe

rs o

f th

e co

mm

ittee

sha

ll co

nstit

ute

a qu

orum

for

the

tra

nsac

tion

of b

usin

ess

and

all

offic

ial

acts

of

the

com

mitt

ee s

hall

requ

ire t

he a

ffirm

ativ

e vo

te o

f a

maj

ority

of

the

quor

um

mem

bers

of

the

com

mitt

ee (S

ectio

n 5.

2 if

the

Adm

inis

trat

ive

Cod

e).

Cha

nge

mad

e to

ref

lect

the

requ

irem

ent

in G

over

nmen

t Cod

e §

5495

2.6

that

ac

tions

of

a le

gisl

ativ

e bo

dy b

e m

ade

by

a m

ajor

ity o

f th

e m

embe

rs o

f th

at b

ody.

Gov

ernm

ent C

ode

§ 54

952.

6 pr

ovid

es

as f

ollo

ws:

“A

s us

ed in

this

cha

pter

, ‘a

ctio

n ta

ken’

mea

ns a

col

lect

ive

deci

sion

mad

e by

a m

ajor

ity o

f th

e m

embe

rs o

f a

legi

slat

ive

body

, a

colle

ctiv

e co

mm

itmen

t or

prom

ise

by a

m

ajor

ity o

f th

e m

embe

rs o

f a

legi

slat

ive

body

to m

ake

a po

sitiv

e or

a n

egat

ive

deci

sion

, or

an a

ctua

l vot

e by

a m

ajor

ity

of th

e m

embe

rs o

f a

legi

slat

ive

body

w

hen

sitt

ing

as a

bod

y or

ent

ity, u

pon

a m

otio

n, p

ropo

sal,

reso

lutio

n, o

rder

or

ordi

nanc

e.”

10

Rul

e 4.

8 C

alen

darA

gend

a. P

rior

to p

repa

ratio

n of

a c

alen

dara

gend

a, t

he E

xecu

tive

Dire

ctor

sh

all r

evie

w a

nd f

inal

ize

with

the

com

mitt

ee c

hair

all

mat

ters

to

be c

onsi

dere

d at

the

m

eetin

g.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

11

Rul

e 4.

10

The

Cle

rk m

ay r

ead

abbr

evia

ted

title

s of

mea

sure

on

the

cale

ndar

age

nda

whe

n th

e ab

brev

iate

d w

ordi

ng w

ill c

lear

ly e

xpre

ss to

the

mem

bers

and

to th

e lis

teni

ng p

ublic

the

natu

re o

f th

e m

easu

re.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

11

Rul

e 4.

12

*Mea

sure

s N

ot o

n th

e C

alen

darA

gend

a. B

efor

e co

nsid

erin

g an

ite

m o

f bu

sine

ss n

ot

on t

he c

alen

dara

gend

a, t

he c

omm

ittee

sha

ll ad

opt

a m

otio

n (i)

by

maj

ority

vot

e of

the

fu

ll m

embe

rshi

p of

th

e co

mm

ittee

th

at

an

emer

genc

y ex

ists

, as

de

fined

in

G

over

nmen

t C

ode

Sect

ion

5495

6.5;

or

(ii) b

y th

e tw

o-th

irds

vote

of

its m

embe

rs, o

r if

less

tha

n tw

o-th

irds

of

the

mem

bers

are

pre

sent

, by

a u

nani

mou

s vo

te o

f th

ose

mem

bers

pre

sent

, det

erm

inin

g th

at t

here

is a

nee

d to

tak

e im

med

iate

act

ion

and

that

th

e ne

ed t

o ta

ke a

ctio

n ar

ose

afte

r th

e ca

lend

ar a

gend

a w

as p

oste

d (S

ectio

n 54

954.

2 of

th

e G

over

nmen

t Cod

e).

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

11

Rul

e 4.

20

Eve

ry m

embe

r pr

esen

t w

hen

a m

otio

n is

put

for

th s

hall

vote

for

or

agai

nst

it un

less

pr

ohib

ited

from

vot

ing

by a

pplic

able

law

bec

ause

of

a co

nflic

t of

inte

rest

whi

ch s

hall

be d

iscl

osed

(G

over

nmen

t C

ode

Sect

ion

1090

et

seq.

, G

over

nmen

t C

ode

Sect

ion

8710

0 et

seq

. and

all

othe

r re

leva

nt la

ws

and

regu

latio

ns).

Cle

an-u

p ch

ange

.

12

23

Att

achm

ent

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1

RU

LE

S O

F O

RD

ER

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Rul

e 4.

24

*Pos

ting

of C

alen

darA

gend

a. T

he C

lerk

sha

ll po

st t

he c

alen

dar

agen

da a

nd s

end

a co

py o

f th

e ca

lend

ar a

gend

a to

all

pers

ons

know

n or

pre

sum

ed t

o be

inte

rest

ed in

the

pa

rtic

ular

mea

sure

to

be c

onsi

dere

d, a

nd s

uch

notic

e sh

all

be i

nitia

ted

so a

s to

be

reas

onab

ly d

esig

ned

to r

each

not

ifica

nts

not l

ater

than

sev

enty

-tw

o (7

2) h

ours

bef

ore

a re

gula

rly s

ched

uled

com

mitt

ee m

eetin

g or

tw

enty

-fou

r (2

4) h

ours

bef

ore

a sp

ecia

l m

eetin

g is

sch

edul

ed (S

ectio

ns 5

4954

.2, 5

4956

of

the

Gov

ernm

ent C

ode)

.

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

12

Rul

e 4.

25

*Pub

lic C

omm

ent.

Any

mem

ber

of t

he p

ublic

is

entit

led

to c

omm

ent

on a

ny m

atte

r on

th

e ca

lend

ar

agen

da

whi

ch

is

with

in

the

subj

ect

mat

ter

juri

sdic

tion

of

the

Tra

nspo

rtat

ion

Aut

horit

y be

fore

it is

act

ed o

n by

the

com

mitt

ee. I

n ad

ditio

n, t

he la

st

item

at e

ach

com

mitt

ee m

eetin

g pr

ior

to a

djou

rnm

ent s

hall

prov

ide

an o

ppor

tuni

ty f

or

mem

bers

of

the

publ

ic t

o di

rect

ly a

ddre

ss t

he c

omm

ittee

on

item

s of

int

eres

t to

the

pu

blic

whi

ch h

ave

not b

een

disc

usse

d ea

rlier

in th

e m

eetin

g th

at a

re w

ithin

the

subj

ect

mat

ter

juris

dict

ion

of t

he T

rans

port

atio

n A

utho

rity.

Mem

bers

of

the

publ

ic m

ay

addr

ess

the

com

mitt

ee f

or u

p to

thr

ee (

3) m

inut

es o

r fo

r su

ch n

umbe

r of

min

utes

as

set

by t

he c

hair

. T

he c

omm

ittee

cha

ir m

ay l

imit

the

tota

l te

stim

ony

to t

hirt

y (3

0)

min

utes

(Sec

tion

5495

4.3

of G

over

nmen

t Cod

e).

Cle

an-u

p ch

ange

mad

e to

con

form

la

ngua

ge in

the

Rul

es o

f O

rder

to th

e la

ngua

ge u

sed

in th

e B

row

n A

ct a

nd b

y th

e T

rans

port

atio

n A

utho

rity.

12-1

3

Rul

e 5.

1 C

ondu

ct o

f M

embe

rs. N

o m

embe

r in

deb

ate

shal

l, di

rect

ly o

r in

dire

ctly

, by

any

form

of

wor

ds i

mpu

te t

o an

othe

r m

embe

r or

to

othe

r m

embe

rs a

ny c

ondu

ct o

r m

otiv

e un

wor

thy

or u

nbec

omin

g to

a m

embe

r.

Cle

an-u

p ch

ange

.

14

24

Att

achm

ent

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2015

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1

DE

BT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

II.

DE

BT

PO

LIC

Y

OB

JEC

TIV

E

Ach

ieve

the

high

est p

ract

ical

cre

dit r

atin

gsth

at a

lso

allo

w th

e T

rans

port

atio

n A

utho

rity

to m

eet i

ts o

bjec

tives

. T

he T

rans

port

atio

n A

utho

rity

may

hav

e ob

ject

ives

(fin

anci

ng a

larg

e pr

ojec

t)

whi

ch c

ould

impa

ct c

redi

t rat

ing.

1

III.

SC

OP

E A

ND

D

EL

EG

AT

ION

OF

A

UT

HO

RIT

Y

Thi

s D

ebt P

olic

y sh

all g

over

n, e

xcep

t as

othe

rwis

e co

vere

d by

the

Tra

nspo

rtat

ion

Aut

horit

y In

vest

men

t Pol

icy

(a c

opy

of w

hich

is a

ttac

hed

here

to) a

nd th

e T

rans

port

atio

n A

utho

rity

adop

ted

Fis

cal P

olic

y, th

e is

suan

ce a

nd m

anag

emen

t of

all

debt

fun

ded

thro

ugh

the

capi

tal m

arke

ts, i

nclu

ding

the

sele

ctio

n an

d m

anag

emen

t of

rela

ted

finan

cial

and

adv

isor

y se

rvic

es a

nd p

rodu

cts.

Incl

ude

refe

renc

e to

Fis

cal P

olic

y 1

IV.

ET

HIC

S A

ND

C

ON

FL

ICT

S O

F I

NT

ER

EST

O

ffic

ers,

and

em

ploy

ee o

r ag

ents

of

the

Tra

nspo

rtat

ion

Aut

hori

ty in

volv

ed in

the

debt

m

anag

emen

t pro

gram

will

not

eng

age

in a

ny p

erso

nal b

usin

ess

activ

ities

or

inve

stm

ents

that

wou

ld c

onfli

ct w

ith p

rope

r an

d la

wfu

l exe

cutio

n of

the

debt

m

anag

emen

t pro

gram

, or

whi

ch c

ould

impa

ir th

eir

abili

ty to

mak

e im

part

ial d

ecis

ions

.

Con

form

s to

the

Fis

cal P

olic

y.

1

V.

STR

AT

EG

IC P

LA

N

INT

EG

RA

TIO

N

The

Tra

nspo

rtat

ion

Aut

hori

ty’s

mul

ti-ye

ar S

trat

egic

Pla

n (S

trat

egic

Pla

n), w

hich

pr

ogra

ms

the

Pro

posi

tion

K S

ales

Tax

(Pro

p K

) Exp

endi

ture

Pla

n, s

hall

be u

sed

in

com

bina

tion

with

this

Deb

t Pol

icy

and

the

Fis

cal P

olic

y to

ens

ure

prop

er a

lloca

tion

and

finan

cing

of

Pro

p K

elig

ible

pro

ject

s. T

he S

trat

egic

Pla

n se

ts p

rior

ities

and

st

rate

gies

for

allo

catin

g P

rop

K f

unds

und

er it

s gu

idin

g pr

inci

ples

, whi

le th

e D

ebt

Pol

icy

prov

ides

pol

icy

dire

ctio

n an

d lim

itatio

ns f

or p

ropo

sed

finan

cing

and

the

Fis

cal

Pol

icy

prov

ides

gui

danc

e on

dec

isio

ns p

erta

inin

g to

inte

rnal

fis

cal m

anag

emen

t. D

ebt

issu

ance

for

cap

ital p

roje

cts

shal

l not

be

reco

mm

ende

d fo

r B

oard

app

rova

l unl

ess

such

is

suan

ce h

as b

een

inco

rpor

ated

into

the

Stra

tegi

c Pl

an.

Incl

udes

the

Fis

cal P

olic

y.

2

VI.

ST

AN

DA

RD

S F

OR

USE

O

F D

EB

T F

INA

NC

ING

A.

Cre

dit Q

ualit

y.

Cre

dit q

ualit

y is

an

impo

rtan

t con

side

ratio

n an

d w

ill b

e ba

lanc

ed w

ith th

e T

rans

port

atio

n A

utho

rity’

s ob

ject

ives

and

the

asso

ciat

ed th

e si

ze a

nd f

requ

ency

of

issu

ance

s of

deb

t. A

ll T

rans

port

atio

n A

utho

rity

deb

t man

agem

ent a

ctiv

ities

for

new

de

bt is

suan

ces

will

be

cond

ucte

d in

a m

anne

r co

nduc

ive

to r

ecei

ving

the

high

est c

redi

t ra

tings

pos

sibl

e co

nsis

tent

with

the

Tra

nspo

rtat

ion

Aut

hori

ty’s

deb

t man

agem

ent

obje

ctiv

es, a

nd to

mai

ntai

ning

or

impr

ovin

g th

e cu

rren

t cre

dit r

atin

gs a

ssig

ned

to th

e T

rans

port

atio

n A

utho

rity'

s ou

tsta

ndin

g de

bt b

y th

e m

ajor

cre

dit r

atin

g ag

enci

es.

See

Sect

ion

II a

bove

. 2

VI.

ST

AN

DA

RD

S F

OR

USE

O

F D

EB

T F

INA

NC

ING

B.

Lon

g-T

erm

Cap

ital

Pro

ject

s.

The

Tra

nspo

rtat

ion

Aut

hori

ty w

ill is

sue

long

-ter

m d

ebt o

nly

to f

inan

ce a

nd r

efin

ance

lo

ng-t

erm

cap

ital p

roje

cts.

Whe

n th

e T

rans

port

atio

n A

utho

rity

finan

ces

capi

tal

proj

ects

by

issu

ing

bond

s, th

e de

bt r

epay

men

t per

iod

shou

ld n

ot e

xcee

d th

e ea

rlies

t of

the

follo

win

g: (1

) 120

% o

f th

e us

eful

life

of

the

proj

ect b

eing

fin

ance

d, (2

) the

end

of

the

term

of

the

curr

ent s

ales

tax

Exp

endi

ture

Pla

n or

(3) f

orty

(40)

yea

rs f

rom

the

date

of

issu

ance

. Inh

eren

t in

its lo

ng-t

erm

deb

t pol

icie

s, th

e T

rans

port

atio

n A

utho

rity

reco

gniz

es th

at f

utur

e ta

xpay

ers

will

ben

efit

from

the

capi

tal i

nves

tmen

t and

that

it is

ap

prop

riate

that

they

pay

a s

hare

of

the

asse

t cos

t. L

ong-

term

deb

t fin

anci

ng s

hall

not

be u

sed

to f

und

oper

atin

g co

sts

unle

ss s

uch

cost

s qu

alify

as

capi

tal e

xpen

ditu

res

unde

r

Min

or c

lari

fyin

g ch

ange

. 2

25

Att

achm

ent

1

M:\

Fina

nce\

2015

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1

DE

BT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

fede

ral t

ax p

rinci

ples

.

VI.

ST

AN

DA

RD

S F

OR

USE

O

F D

EB

T F

INA

NC

ING

D.

Ong

oing

Deb

t A

dmin

istr

atio

n an

d In

tern

al

Con

trol

s.

The

Tra

nspo

rtat

ion

Aut

hori

ty s

hall

mai

ntai

n al

l deb

t-re

late

d re

cord

s fo

r a

perio

d fo

r no

less

than

the

term

of

the

debt

. At a

min

imum

, thi

s re

posi

tory

will

incl

ude

all o

ffic

ial

stat

emen

ts, b

id d

ocum

ents

, ord

inan

ces,

inde

ntur

es, t

rust

ee r

epor

ts, c

ontin

uing

di

sclo

sure

rep

orts

, mat

eria

l eve

nts

notic

es, t

ax c

ertif

icat

es, i

nfor

mat

ion

rega

rdin

g th

e in

vest

men

t of

and

proj

ect c

osts

pai

d w

ith b

ond

proc

eeds

, und

erw

rite

r an

d ot

her

agre

emen

ts, e

tc. f

or a

ll T

rans

port

atio

n A

utho

rity

deb

t. T

o th

e ex

tent

that

off

icia

l tr

ansc

ript

s in

corp

orat

e th

ese

docu

men

ts, p

osse

ssio

n of

a tr

ansc

ript w

ill s

uffic

e (t

rans

crip

ts m

ay b

e ha

rd c

opy

or s

tore

d on

CD

-RO

M).

The

Tra

nspo

rtat

ion

Aut

horit

y w

ill d

evel

op a

sta

ndar

d pr

oced

ure

for

arch

ivin

g tr

ansc

ripts

for

any

new

deb

t. T

he

Tra

nspo

rtat

ion

Aut

horit

y w

ill e

stab

lish

inte

rnal

con

trol

s to

ens

ure

com

plia

nce

with

the

Deb

t Pol

icy,

all

debt

cov

enan

ts a

nd a

ny a

pplic

able

req

uire

men

ts o

f ap

plic

able

law

.

Add

ition

of

spec

ific

docu

men

tatio

n re

quire

d fo

r co

mpl

ianc

e w

ith ta

x-ex

empt

bon

d re

quire

men

ts.

2-3

VII

. F

INA

NC

ING

CR

ITE

RIA

A.

Pur

pose

of

Deb

t

1.

New

Mon

ey F

inan

cing

New

mon

ey is

sues

are

fin

anci

ngs

that

gen

erat

e fu

ndin

g fo

r ca

pita

l pro

ject

s. E

ligib

le

capi

tal p

roje

cts

for

allo

catio

n of

Tra

nspo

rtat

ion

Aut

hori

ty f

unds

incl

ude

the

acqu

isiti

on, c

onst

ruct

ion

or m

ajor

reh

abili

tatio

n of

cap

ital a

sset

s. I

n ac

cord

ance

with

th

e ph

iloso

phy

of th

e D

ebt P

olic

y, d

ebt p

roce

eds

gene

rally

may

not

be

used

ex

clus

ivel

y fo

r op

erat

ing

expe

nses

. The

Cap

ital p

roje

ct f

undi

ng r

equi

rem

ents

are

ou

tline

d in

the

annu

al b

udge

t, th

e St

rate

gic

Pla

n an

d th

e E

xpen

ditu

re P

lan.

Cla

rific

atio

n th

at g

ener

ally

deb

t pr

ocee

ds a

re n

ot u

sed

for

oper

atin

g ex

pens

es.

3

VII

. F

INA

NC

ING

CR

ITE

RIA

B.

Typ

es o

f D

ebt

1.

Lon

g-T

erm

Deb

t –

Var

iabl

e R

ate

a)

Var

iable

Rate

Dem

and

Note

s (V

RDBs

) are

long

term

bon

ds w

ith a

fix

ed

prin

cipl

e am

ortiz

atio

n bu

t the

inte

rest

rat

e re

sets

at c

erta

in e

stab

lishe

d pe

riods

suc

h as

dai

ly, w

eekl

y, m

onth

ly, o

r su

ch o

ther

per

iod

as th

e T

rans

port

atio

n A

utho

rity

deem

s ad

visa

ble

give

n cu

rren

t mar

ket

cond

ition

s. V

RD

Bs

ofte

n re

quire

cre

dit e

nhan

cem

ent a

nd th

ird p

arty

liq

uidi

ty in

the

form

s of

Let

ters

or

Lin

es o

f C

redi

t and

/or

bond

in

sura

nce.

VR

DB

s ge

nera

lly a

llow

bon

dhol

ders

to "

put"

thei

r bo

nds

back

to

the

Tra

nspo

rtat

ion

Aut

horit

y on

any

rat

e re

set d

ate,

giv

en c

erta

in

notic

e. T

he T

rans

port

atio

n A

utho

rity

will

nee

d to

ret

ain

an in

vest

men

t ban

k to

rem

arke

t the

se b

onds

that

are

“pu

t.”

Cla

rific

atio

n th

at th

ese

are

usua

lly, b

ut

not a

lway

s, tr

ue.

4

VII

. F

INA

NC

ING

CR

ITE

RIA

B.

Typ

es o

f D

ebt

2.

Shor

t-T

erm

Deb

t

a)

Gra

nt A

ntici

patio

n N

otes (

GA

Ns)

are

shor

t-te

rm n

otes

that

are

rep

aid

with

the

proc

eeds

of

Stat

e or

Fed

eral

gra

nts

of a

ny ty

pe. T

he T

rans

port

atio

n A

utho

rity

shal

l gen

eral

ly is

sue

GA

Ns

only

whe

n th

ere

is n

o ot

her

viab

le

sour

ce o

f fu

ndin

g fo

r th

e pr

ojec

t.

Add

ed m

issi

ng p

erio

d.

5

26

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DE

BT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

VII

I.

TE

RM

S A

ND

C

ON

DIT

ION

S O

F B

ON

DS

A.

Ter

m

All

capi

tal i

mpr

ovem

ents

fin

ance

d th

roug

h th

e is

suan

ce o

f de

bt w

ill b

e fin

ance

d fo

r a

perio

d no

t to

exce

ed 1

20%

of

the

expe

cted

ave

rage

use

ful l

ife o

f th

e as

sets

bei

ng

finan

ced,

and

in n

o ev

ent s

houl

d ex

ceed

the

less

er o

f fo

rty

(40)

yea

rs o

r th

e pe

riod

of

time

until

sun

set o

f th

e cu

rren

t Tra

nspo

rtat

ion

Aut

horit

ysal

es ta

x E

xpen

ditu

re P

lan.

Mak

ing

term

inol

ogy

cons

iste

nt.

6

VII

I.

TE

RM

S A

ND

C

ON

DIT

ION

S O

F B

ON

DS

G.

Orig

inal

Iss

ue D

isco

unt.

An

orig

inal

issu

e di

scou

nt o

r or

igin

al is

sue

prem

ium

will

be

perm

itted

onl

y if

the

Tra

nspo

rtat

ion

Aut

horit

y de

term

ines

that

suc

h di

scou

nt o

r pr

emiu

m r

esul

ts in

a lo

wer

tr

ue in

tere

st c

ost o

n th

e bo

nds

and

that

the

use

of a

n or

igin

al is

sue

disc

ount

or

orig

inal

issu

e pr

emiu

m w

ill n

ot a

dver

sely

aff

ect t

he p

roje

ct id

entif

ied

by th

e bo

nd

docu

men

ts.

Add

ition

of

orig

inal

issu

e pr

emiu

m.

7

IX.

CR

ED

IT

EN

HA

NC

EM

EN

TS

C.

Liq

uidi

ty F

acili

ties

and

Let

ters

of

Cre

dit.

Liq

uidi

ty F

acili

ties

and

Let

ters

of

Cre

dit.

The

Tra

nspo

rtat

ion

Aut

horit

y sh

all h

ave

the

auth

ority

to e

nter

into

liqu

idity

fac

ilitie

s an

d le

tter

-of-

cred

it ag

reem

ents

whe

n su

ch

agre

emen

ts a

re d

eem

ed p

rude

nt a

nd a

dvan

tage

ous.

Onl

y th

ose

finan

cial

inst

itutio

ns

with

sho

rt-t

erm

rat

ings

of

not l

ess

than

VM

IG 1

/P1,

A-1

and

F1,

by

Moo

dy’s

In

vest

or S

ervi

ces,

Sta

ndar

d &

Poo

r’s a

nd F

itch

Rat

ings

, res

pect

ivel

y, a

nd w

ith r

atin

gs

from

at l

east

two

of th

e th

ree

afor

emen

tione

d ra

tings

age

ncie

s m

ay p

artic

ipat

e in

T

rans

port

atio

n A

utho

rity

liqui

dity

fac

ilitie

s an

d le

tter

of

cred

it ag

reem

ents

.

Mod

ified

to p

rovi

de m

ore

flexi

bilit

y.

9

X.

RE

FIN

AN

CIN

G

OU

TST

AN

DIN

G D

EB

T

A.

Deb

t Ser

vice

Sav

ings

.

The

Tra

nspo

rtat

ion

Aut

hori

ty h

as e

stab

lishe

d a

min

imum

pre

sent

val

ue s

avin

gs

thre

shol

d go

al o

f th

ree

(3) p

erce

nt o

f th

e re

fund

ed b

ond

prin

cipa

l am

ount

unl

ess

ther

e ar

e ot

her

com

pelli

ng r

easo

ns f

or d

efea

sanc

e un

dert

akin

g th

e re

fund

ing.

Add

ition

ally

, th

e T

rans

port

atio

n A

utho

rity

has

esta

blis

hed

a m

inim

um p

rese

nt v

alue

sav

ings

th

resh

old

goal

of

five

(5) p

erce

nt o

f the

ref

unde

d bo

nd p

rinc

ipal

am

ount

for

re

finan

cing

s in

volv

ing

deriv

ativ

e pr

oduc

ts s

uch

as th

e is

suan

ce o

f sy

nthe

tic f

ixed

rat

e re

fund

ing

debt

ser

vice

unl

ess

ther

e ar

e ot

her

com

pelli

ng r

easo

ns f

or

defe

asan

ceun

dert

akin

g th

e re

fund

ing.

The

For

this

pur

pose

, the

pre

sent

val

ue s

avin

gs

will

be

net o

f al

l cos

ts r

elat

ed to

the

refin

anci

ng. T

he d

ecis

ion

to ta

ke s

avin

gs o

n an

up

fron

t or

defe

rred

bas

is m

ust b

e ex

plic

itly

appr

oved

by

the

Tra

nspo

rtat

ion

Aut

horit

y B

oard

.

Cla

rify

addr

essi

ng r

efun

ding

not

ne

cess

arily

def

easa

nce.

9

X.

RE

FIN

AN

CIN

G

OU

TST

AN

DIN

G D

EB

T

D.

Esc

row

Str

uctu

ring

.

The

Tra

nspo

rtat

ion

Aut

hori

ty s

hall

utili

ze th

e le

ast c

ostly

sec

uriti

es a

vaila

ble

in

stru

ctur

ing

refu

ndin

g es

crow

s. T

he T

rans

port

atio

n A

utho

rity

will

exa

min

e th

e vi

abili

ty

of a

n ec

onom

ic v

ersu

s le

gal d

efea

sanc

e on

a n

et p

rese

nt v

alue

bas

is. A

cer

tific

ate

from

a

third

par

ty a

gent

, who

is n

ot a

bro

ker-

deal

er, i

s re

quire

d st

atin

g th

at th

e se

curi

ties

wer

e pr

ocur

ed th

roug

h an

arm

s-le

ngth

, com

petit

ive

bid

proc

ess

(in th

e ca

se o

f op

en

mar

ket s

ecur

ities

), th

at s

uch

secu

ritie

s w

ere

mor

e co

st e

ffec

tive

than

Sta

te a

nd L

ocal

G

over

nmen

t Obl

igat

ions

(SL

GS)

, and

that

the

pric

e pa

id f

or th

e se

curi

ties

was

re

ason

able

with

in F

eder

al g

uide

lines

. Suc

h ce

rtifi

cate

sha

ll no

t be

requ

ired

in th

e ca

se

of S

LG

s pu

rcha

sed

dire

ctly

fro

m th

e U

.S. T

reas

ury.

Und

er n

o ci

rcum

stan

ces

shal

l an

unde

rwrit

er, a

gent

or

finan

cial

adv

isor

sel

l esc

row

sec

uriti

es to

the

Tra

nspo

rtat

ion

Cla

rify

cert

ifica

te n

ot r

equi

red

if pu

rcha

sing

SL

Gs

from

U.S

. Tre

asur

y.

10

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BT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Aut

horit

y fr

om it

s ow

n ac

coun

t.

XII

. M

AR

KE

T

RE

LA

TIO

NSH

IPS

E.

Oth

er J

uris

dict

ions

.

Fro

m ti

me

to ti

me,

the

Tra

nspo

rtat

ion

Aut

horit

y m

ay is

sue

bond

s on

beh

alf

of o

ther

pu

blic

ent

ities

. Whi

le th

e T

rans

port

atio

n A

utho

rity

will

mak

e ev

ery

effo

rt to

fac

ilita

te

the

desi

res

of th

ese

entit

ies,

the

Exe

cutiv

e D

irect

or w

ill ta

ke a

ll re

ason

able

ste

ps to

en

sure

that

onl

y th

e hi

ghes

t qua

lity

finan

cing

s ar

e do

ne a

nd th

at th

e T

rans

port

atio

n A

utho

rity

is in

sula

ted

from

all

risks

. The

Tra

nspo

rtat

ion

Aut

horit

y sh

all r

equi

re th

at a

ll co

ndui

t fin

anci

ngs

achi

eve

a ra

ting

at le

ast e

qual

to th

e T

rans

port

atio

n A

utho

rity

’s

ratin

gs o

r th

at th

e cr

edit

enha

ncem

ent i

s ob

tain

ed(in

clud

ing,

whe

re n

eces

sary

, thr

ough

th

e us

e of

cre

dit e

nhan

cem

ent)

.

Min

or c

larif

icat

ion.

12

GL

OSS

AR

Y

Arb

itrag

e. T

he d

iffer

ence

bet

wee

n th

e in

tere

st p

aid

on th

e a

n is

sue

of ta

x ex

empt

se

curit

ies

deb

t and

the

inte

rest

ear

ned

by in

vest

ing

the

secu

rity

deb

t pro

ceed

s in

hi

gher

-yie

ldin

g ta

xabl

e se

curit

ies.

IR

S re

gula

tions

gov

ern

arbi

trag

e ea

rned

pur

suan

t to

the

inve

stm

ent o

f on

the

proc

eeds

fro

m is

suan

ce o

f ta

x-ex

empt

mun

icip

al s

ecur

ities

.

Ballo

on M

atur

ity.

A la

ter

mat

urity

with

in a

n is

sue

of b

onds

that

con

tain

s a

disp

ropo

rtio

nate

ly la

rge

perc

enta

ge o

f th

e pr

inci

pal a

mou

nt o

f th

e or

igin

al is

sue.

Orig

inal

Issue

Prem

ium.

The

am

ount

by

whi

ch th

e pu

blic

off

erin

g pr

ice

of a

n is

sue

exce

eds

its o

rigin

al p

aram

ount

at t

he ti

me

it is

orig

inal

ly o

ffer

ed to

an

inve

stor

.

Sales

Tax

and

Reve

nue A

ntici

patio

n N

otes (

TRA

Ns)

Shor

t-te

rm n

otes

issu

ed b

y a

gove

rnm

ent u

nit,

usua

lly f

or o

pera

ting

purp

oses

, whi

ch a

re p

aid

from

the

proc

eeds

of

sale

s ta

x or

oth

er a

ntic

ipat

ed r

even

ue s

ourc

es.

Min

or c

lari

fyin

g ch

ange

s. C

hang

es to

“A

rbitr

age”

to m

ore

clos

ely

trac

k ta

x re

quire

men

ts.

Add

ition

of

“Orig

inal

Is

sue

Pre

miu

m”

defin

ition

to

acco

mpa

ny th

e ch

ange

s m

ade

to th

e bo

dy o

f th

e do

cum

ent.

16-1

8

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FIS

CA

L P

OL

ICY

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

II.

SCO

PE O

F A

UT

HO

RIT

Y

The

Fis

cal P

olic

y ap

plie

s on

ly to

the

oper

atio

ns o

f th

e T

rans

port

atio

n A

utho

rity

and

is n

ot a

pplic

able

to th

e op

erat

ions

of a

ny p

roje

ct s

pons

orin

g ag

enci

es o

f th

e T

rans

port

atio

n A

utho

rity,

unl

ess

spec

ifica

lly p

rovi

ded.

The

Fis

cal P

olic

y is

sep

arat

e fr

om, b

ut s

houl

d be

app

lied

in c

onju

nctio

n w

ith, t

he T

rans

port

atio

n A

utho

rity’

s St

rate

gic

Pla

n, D

ebt a

nd I

nves

tmen

t Pol

icie

s. O

vera

ll po

licy

dire

ctio

n sh

all b

e th

e re

spon

sibi

lity

of th

e T

rans

port

atio

n A

utho

rity

Boa

rd (t

he “

Boa

rd”)

. Res

pons

ibili

ty f

or

impl

emen

tatio

n of

the

Pol

icy,

and

day

-to-

day

resp

onsi

bilit

y an

d au

thor

ity f

or

stru

ctur

ing,

impl

emen

ting,

and

man

agin

g th

e T

rans

port

atio

n A

utho

rity

’s p

olic

ies,

go

als,

and

obj

ectiv

es, s

hall

lie w

ith th

e T

rans

port

atio

n A

utho

rity

Exe

cutiv

e D

irec

tor

(the

“E

xecu

tive

Dire

ctor

”). T

his

Pol

icy

will

be

revi

ewed

and

upd

ated

as

requ

ired

or

deem

ed a

dvis

able

at l

east

onc

e ev

ery

thre

e ye

ars.

Any

cha

nges

to th

e po

licy

are

subj

ect t

o ap

prov

al b

y th

e B

oard

at a

pub

lic m

eetin

g.

Cla

rific

atio

n of

def

ined

term

s.

1

III.

A

NN

UA

L B

UD

GE

T

PR

OC

ESS

T

he T

rans

port

atio

n A

utho

rity

Boa

rd s

hall

adop

t an

Ann

ual B

udge

t by

the

begi

nnin

g of

eac

h fis

cal y

ear.

The

pur

pose

of

the

Ann

ual B

udge

t is

to p

rovi

de m

anag

emen

t gu

idan

ce a

nd c

ontr

ol o

ver

disb

urse

men

t of

Tra

nspo

rtat

ion

Aut

horit

y’s

reve

nues

in

acco

rdan

ce w

ith th

e go

als

and

obje

ctiv

es a

s de

term

ined

by

the

Boa

rd a

nd a

s se

t for

th

in o

ther

pol

icie

s in

clud

ing,

but

not

lim

ited

to, t

he T

rans

port

atio

n A

utho

rity’

s in

vest

men

t, de

bt, p

rocu

rem

ent a

nd d

isad

vant

aged

bus

ines

s en

terp

rise

pol

icie

s. T

he

Tra

nspo

rtat

ion

Aut

horit

y’s

fisca

l yea

r ex

tend

s fr

om J

uly

1 of

eac

h ca

lend

ar y

ear

thro

ugh

June

30

of th

e fo

llow

ing

cale

ndar

yea

r. T

he s

ectio

ns b

elow

fur

ther

def

ine

the

proc

ess

invo

lved

in th

e de

velo

pmen

t of

the

final

bud

get.

Mak

ing

use

of te

rmin

olog

y co

nsis

tent

. 1

III.

A

NN

UA

L B

UD

GE

T

PR

OC

ESS

B.

Pub

lic R

evie

w o

f D

raft

B

udge

t

The

dra

ft b

udge

t sha

ll be

pre

sent

ed a

t a p

ublic

hea

ringi

s su

bjec

t to

publ

ic

cons

ider

atio

n in

the

form

of

a pu

blic

hea

ring

at a

pub

licly

not

iced

Tra

nspo

rtat

ion

Aut

horit

y m

eetin

g pr

ior

to b

eing

app

rove

d by

the

Boa

rd. N

otic

e of

the

time

and

plac

e of

the

publ

ic m

eetin

g sh

all b

e pu

blis

hed

purs

uant

to S

ectio

n 60

61 o

f th

e C

alifo

rnia

Gov

ernm

ent C

ode

no la

ter

than

the

15th

day

pri

or to

the

day

of th

e he

arin

g, a

nd th

e dr

aft b

udge

t sha

ll be

ava

ilabl

e fo

r pu

blic

insp

ectio

n at

leas

t 15

days

pr

ior

to th

e he

arin

g.

Cla

rifyi

ng la

ngua

ge to

avo

id im

plic

atio

n th

at p

ublic

hav

e an

y ki

nd o

f ap

prov

al

righ

t.

2

IV.

BU

DG

ET

R

EQ

UIR

EM

EN

TS

A.

Adm

inis

trat

ive

Ope

ratin

g E

xpen

ses

Adm

inis

trat

ive

oper

atin

g ex

pens

es in

clud

e al

l exp

ense

s re

late

d to

the

oper

atio

ns a

nd

mai

nten

ance

of

the

Tra

nspo

rtat

ion

Aut

hori

ty, i

nclu

ding

, am

ong

othe

rs, o

ther

rel

ated

ex

pens

es s

uch

as s

taff

sal

arie

s, s

taff

ben

efits

, off

ice

leas

e co

sts,

equ

ipm

ent r

enta

l, su

pplie

s, a

nd tr

avel

. Spe

cific

req

uire

men

ts w

ith r

espe

ct to

cer

tain

bud

gete

d ex

pens

es

are

set f

orth

bel

ow.

Cla

rify

ing

that

thes

e ar

e no

t all

of th

e ex

pens

es.

2

IV.

BU

DG

ET

R

EQ

UIR

EM

EN

TS

A.

Adm

inis

trat

ive

Ope

ratin

g E

xpen

ses

2.

Em

erge

ncy

Exp

endi

ture

s

The

Exe

cutiv

e D

irec

tor

is a

utho

rize

d to

exc

eed

the

over

all a

dmin

istr

ativ

e op

erat

ing

expe

nse

line

item

s by

up

to s

even

ty-f

ive

thou

sand

dol

lars

($75

,000

), fo

r th

e ac

tual

co

st o

f em

erge

ncy

expe

nditu

res

that

are

mad

e to

pro

tect

the

heal

th, s

afet

y, a

nd

wel

fare

of

the

agen

cy o

r th

e pu

blic

, or

to r

epai

r/re

stor

e da

mag

ed/d

estr

oyed

pro

pert

y fo

r th

e T

rans

port

atio

n A

utho

rity.

The

Exe

cutiv

e D

irect

or s

hall

subm

it a

repo

rt to

the

Fin

ance

Com

mitt

ee w

ithin

thirt

y (3

0) d

ays

of th

e em

erge

ncy

expl

aini

ng th

e ne

cess

ity

Mak

ing

term

inol

ogy

cons

iste

nt.

3

29

Att

achm

ent

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21

FIS

CA

L P

OL

ICY

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

of th

e ac

tion,

a li

stin

g of

exp

endi

ture

s, a

nd f

utur

e re

com

men

ded

actio

ns.

IV.

BU

DG

ET

R

EQ

UIR

EM

EN

TS

A.

Adm

inis

trat

ive

Ope

ratin

g E

xpen

ses

3.

Pet

ty C

ash

A p

etty

cas

h re

volv

ing

acco

unt i

n th

e am

ount

of

one

thou

sand

dol

lars

($1,

000)

may

be

est

ablis

hed

and

mai

ntai

ned

by th

e E

xecu

tive

Dire

ctor

for

the

purp

oses

of

payi

ng

mis

cella

neou

s ex

pens

es o

f th

e T

rans

port

atio

n A

utho

rity.

Ind

ivid

ual e

xpen

ditu

res

shal

l m

ay n

ot e

xcee

d tw

o hu

ndre

d an

d fif

ty d

olla

rs ($

250)

. Suc

h m

isce

llane

ous

expe

nses

in

clud

e bu

t not

be

limite

d to

, out

side

pho

toco

pyin

g ex

pens

es, o

ffic

e su

pplie

s, m

eetin

g an

d tr

avel

exp

ense

s, a

nd o

ther

pra

ctic

al e

xpen

ses

as d

eter

min

ed b

y th

e E

xecu

tive

Dir

ecto

r to

be

nece

ssar

y an

d co

nven

ient

for

pro

per

adm

inis

trat

ion.

The

Exe

cutiv

e D

irec

tor

is a

utho

rize

d fr

om ti

me

to ti

me

to s

eek

reim

burs

emen

t of

this

acc

ount

to th

e m

axim

um b

alan

ce b

y al

loca

tion

from

the

oper

atin

g bu

dget

.

Cla

rify

ing

that

thes

e ar

e no

t req

uire

d to

be

pai

d fr

om p

etty

cas

h.

3

VI.

D

EB

T I

SSU

AN

CE

As

defin

ed b

y th

e T

rans

port

atio

n A

utho

rity

’s A

dmin

istr

ativ

e C

ode

and

its D

ebt

Pol

icy,

the

Fin

ance

Com

mitt

ee s

hall

be r

espo

nsib

le f

or o

vers

ight

of

the

debt

issu

ance

pr

ogra

m f

or th

e T

rans

port

atio

n A

utho

rity

. Ple

ase

refe

r to

the

curr

ent v

ersi

on o

f th

e D

ebt P

olic

y m

aint

aine

d by

the

Tra

nspo

rtat

ion

Aut

horit

y, f

or th

e de

bt is

suan

ce

prog

ram

gui

delin

es r

egar

ding

the

issu

ance

and

man

agem

ent o

f de

bt f

or f

inan

cing

el

igib

le p

rogr

ams

and

proj

ects

.

Elim

inat

ing

redu

ndan

cy.

4

IX.

PRO

CU

RE

ME

NT

OF

GO

OD

S A

ND

SE

RV

ICE

S

The

sel

ectio

n of

pro

fess

iona

l ser

vice

s, o

f su

ch a

s le

gal,

finan

cial

adv

isor

y, p

riva

te

arch

itect

ural

, lan

dsca

pe a

rchi

tect

ural

, eng

inee

ring,

env

ironm

enta

l, la

nd s

urve

ying

, or

cons

truc

tion

proj

ect m

anag

emen

t fir

ms,

sha

ll be

on

the

basi

s of

dem

onst

rate

d co

mpe

tenc

e an

d on

the

prof

essi

onal

qua

lific

atio

ns n

eces

sary

for

the

satis

fact

ory

perf

orm

ance

of

the

serv

ices

req

uire

d in

acc

orda

nce

with

the

Tra

nspo

rtat

ion

Aut

horit

y’s

Proc

urem

ent P

olic

y.

Cla

rific

atio

n.

5

IX.

PRO

CU

RE

ME

NT

OF

GO

OD

S A

ND

SE

RV

ICE

S

C.

CO

NT

RA

CT

S

App

rova

l of

the

Boa

rd is

req

uire

d pr

ior

to th

e ex

ecut

ion

of a

ny c

ontr

act f

or th

e pr

ocur

emen

t of

good

s or

pro

fess

iona

l ser

vice

s th

at a

utho

rize

s pa

ymen

ts th

at in

the

aggr

egat

e ex

ceed

sev

enty

-fiv

e th

ousa

nd d

olla

rs ($

75,0

00) i

n a

fisca

l yea

r. T

he

Exe

cutiv

e D

irect

or is

aut

hori

zed

to a

ppro

ve a

nd e

xecu

te a

ll su

ch c

ontr

acts

that

au

thor

ize

paym

ents

not

in e

xces

s of

$75

,000

per

fis

cal y

ear,

prov

ided

that

the

amou

nts

are

cons

iste

nt w

ithw

ere

iden

tifie

d an

d in

clud

ed in

the

adop

ted

final

bud

get,

as a

men

ded

in a

ccor

danc

e w

ith th

is P

olic

y fo

r th

e cu

rren

t fis

cal y

ear

or, i

n th

e ev

ent

that

the

cont

ract

was

not

com

plet

ed in

a s

ingl

e fis

cal y

ear,

the

cont

iguo

us f

isca

l ye

ar(s

). T

he E

xecu

tive

Dire

ctor

is a

utho

rize

d to

am

end

cont

ract

s to

ext

end

time,

to

add

or d

elet

e ta

sks

of s

imila

r sc

ope

and

natu

re, a

nd to

incr

ease

or

redu

ce th

e to

tal

amou

nt o

f th

e co

ntra

ct. T

he E

xecu

tive

Dire

ctor

may

exe

cute

suc

h am

endm

ents

w

ithou

t pri

or B

oard

app

rova

l, if

the

amou

nt o

f th

e am

endm

ent d

oes

not e

xcee

d $7

5,00

0 an

d so

long

as

the

amen

dmen

t is

cons

iste

nt w

ith th

e ad

opte

d fin

al b

udge

t.

Cla

rific

atio

ns.

5-6

30

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21

INV

EST

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

I.

INT

RO

DU

CT

ION

T

he p

urpo

se o

f th

is d

ocum

ent i

s to

set

out

pol

icie

s an

d pr

oced

ures

that

enh

ance

op

port

uniti

es f

or a

pru

dent

and

sys

tem

atic

inve

stm

ent p

olic

y an

d to

org

aniz

e an

d fo

rmal

ize

inve

stm

ent-

rela

ted

activ

ities

proc

edur

es.

The

inve

stm

ent p

olic

ies

and

prac

tices

pro

cedu

res

of th

e Sa

n F

ranc

isco

Cou

nty

Tra

nspo

rtat

ion

Aut

horit

y (t

he T

rans

port

atio

n A

utho

rity)

are

, in

ever

y ca

se, s

ubje

ct to

an

d lim

ited

by a

pplic

able

pro

visi

ons

of s

tate

law

and

to p

rude

nt m

oney

man

agem

ent

prin

cipl

es. A

ll fu

nds

will

be

inve

sted

in a

ccor

danc

e w

ith th

e T

rans

port

atio

n A

utho

rity’

s In

vest

men

t Pol

icy,

and

app

licab

le p

rovi

sion

s of

Cha

pter

4 o

f P

art 1

of

Div

isio

n 2

of T

itle

5 of

the

Cal

iforn

ia G

over

nmen

t Cod

e (S

ectio

n 53

600

et s

eq.).

The

in

vest

men

t of

bond

pro

ceed

s w

ill b

e fu

rthe

r re

stric

ted

by th

e pr

ovis

ions

of

rele

vant

bo

nd d

ocum

ents

.

Mak

ing

use

of te

rmin

olog

y co

nsis

tent

. 1

VI.

E

TH

ICS

AN

D

CO

NF

LIC

T O

F I

NT

ER

EST

O

ffic

ers,

an

d em

ploy

ees

and

agen

ts o

f th

e T

rans

port

atio

n A

utho

rity

invo

lved

in t

he

inve

stm

ent

proc

ess

will

not

eng

age

in a

ny p

erso

nal

busi

ness

act

iviti

es t

hat

coul

d co

nflic

t w

ith p

rope

r an

d la

wfu

l exe

cutio

n of

the

inve

stm

ent

prog

ram

, or

whi

ch c

ould

im

pair

thei

r ab

ility

to m

ake

impa

rtia

l dec

isio

ns.

Con

form

s to

the

Fis

cal P

olic

y.

2

IX.

PE

RM

ITT

ED

IN

VE

STM

EN

T I

NST

RU

ME

NT

S P

erce

ntag

e lim

itatio

ns, w

here

indi

cate

d, a

pply

at t

he ti

me

of p

urch

ase.

Rat

ing

requ

irem

ents

whe

re in

dica

ted,

app

ly a

t the

tim

e of

pur

chas

e. I

n th

e ev

ent a

sec

urity

he

ld b

y th

e T

rans

port

atio

n A

utho

rity

is s

ubje

ct to

a r

atin

g ch

ange

that

brin

gs it

bel

ow

the

min

imum

spe

cifie

d ra

ting

requ

irem

ent,

the

Exe

cutiv

e D

irect

or w

ill n

otify

the

Boa

rd o

f th

e ch

ange

. The

cou

rse

of a

ctio

n to

be

follo

wed

will

then

be

deci

ded

on a

ca

se-b

y-ca

se b

asis

, con

side

ring

suc

h fa

ctor

s as

the

reas

on f

or th

e ra

te d

ropr

atin

g re

duct

ion,

pro

gnos

is f

or r

ecov

ery

or f

urth

er r

ate

drop

srat

ing

redu

ctio

ns a

nd th

e cu

rren

t mar

ket p

rice

of th

e se

curi

ty.

5. R

egis

tere

d tr

easu

ry n

otes

or

bond

s of

any

of

the

othe

r 49

Uni

ted

Stat

es in

add

ition

to

Cal

iforn

ia, i

nclu

ding

bon

ds p

ayab

le s

olel

y ou

t of

the

reve

nues

fro

m a

rev

enue

-pr

oduc

ing

prop

erty

ow

ned,

con

trol

led,

or

oper

ated

by

a st

ate

or b

y a

depa

rtm

ent,

boar

d, a

genc

y, o

r au

thor

ity o

f an

y of

the

othe

r 49

Uni

ted

Stat

es, i

n ad

ditio

n to

C

alifo

rnia

, pro

vide

d th

at th

e ob

ligat

ions

are

rat

ed in

one

of

the

two

high

est

cate

gori

es b

y a

natio

nally

rec

ogni

zed

stat

istic

al-r

atin

g or

gani

zatio

n (N

RSR

O).

The

re is

no

limita

tion

as to

the

perc

enta

ge o

f th

e po

rtfo

lio th

at m

ay b

e in

vest

ed

in th

is c

ateg

ory.

7.

Com

mer

cial

pap

er o

f “p

rim

e” q

ualit

y ra

ted

the

high

est r

anki

ng o

r of

the

high

est

lett

er o

r nu

mbe

r ra

ting

as p

rovi

ded

by a

NR

SRO

. The

ent

ity th

at is

sues

the

com

mer

cial

pap

er w

ill m

eet a

ll of

the

crit

eria

in e

ither

(1) o

r (2

) as

follo

ws:

(1) t

he

corp

orat

ion

will

be

orga

nize

d an

d op

erat

ing

with

in th

e U

nite

d St

ates

as

a ge

nera

l co

rpor

atio

n, w

ill h

ave

asse

ts in

exc

ess

of f

ive

hund

red

mill

ion

dolla

rs

($50

0,00

0,00

0), a

nd w

ill is

sue

debt

, oth

er th

an c

omm

erci

al p

aper

, if

any,

that

is

Cla

rify

ing

refe

renc

es

to

ratin

g re

duct

ions

.

Cha

ngin

g se

mic

olon

to

co

mm

a in

5 t

o re

flect

tha

t re

fere

nce

is

to

prop

erty

ow

ned

by

a st

ate,

de

part

men

t, bo

ard,

age

ncy

or a

utho

rity

of

anot

her

stat

e.

A

ddin

g m

issi

ng

lang

uage

to

7

to

trac

k G

ovt

Cod

e 53

601.

3-4

31

Att

achm

ent

1

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nce\

2015

\Mem

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5 of

21

INV

EST

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

rate

d “A

” or

hig

her

by a

NR

SRO

; or

(2) t

he c

orpo

ratio

n w

ill b

e or

gani

zed

with

in

the

Uni

ted

Stat

es a

s a

spec

ial p

urpo

se c

orpo

ratio

n, tr

ust,

or li

mite

d lia

bilit

y co

mpa

ny, h

as p

rogr

am w

ide

cred

it en

hanc

emen

ts in

clud

ing,

but

not

lim

ited

to,

over

col

late

raliz

atio

ns, l

ette

rs o

f cr

edit,

or

sure

ty b

ond;

has

com

mer

cial

pap

er th

at

is r

ated

“A

-1”

or h

ighe

r, or

equ

ival

ent b

y a

NR

SRO

. Elig

ible

com

mer

cial

pap

er

may

not

exc

eed

270

days

’ mat

urity

nor

rep

rese

nt m

ore

than

10%

of

the

outs

tand

ing

pape

r of

an

issu

ing

corp

orat

ion,

or

25%

of

the

Tra

nspo

rtat

ion

Aut

horit

y’s

port

folio

.

32

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achm

ent

1

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6 of

21

PR

OC

UR

EM

EN

T P

OL

ICY

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

Sect

ion

III.

A.

All

bids

or

prop

osal

s m

ust

be s

ubm

itted

to

and

rece

ived

to

at t

he lo

catio

n de

sign

ated

no

late

r th

an t

he e

xact

tim

e an

d da

te s

tate

d in

bid

or

prop

osal

req

uire

men

ts, a

nd m

ust

be d

ate-

and

-tim

e- s

tam

ped

and

logg

ed a

s re

ceiv

ed b

y T

rans

port

atio

n A

utho

rity

pe

rson

nel.

Bid

s or

pro

posa

ls r

ecei

ved

afte

r th

e da

te a

nd t

ime

dead

line

will

be

retu

rned

un

open

ed a

nd w

ill b

e co

nsid

ered

as

disq

ualif

ied.

A b

id o

r pr

opos

al m

ay b

e w

ithdr

awn

prio

r to

bid

or

prop

osal

ope

ning

for

any

rea

son

by a

bid

der

or h

is/h

er a

utho

rized

re

pres

enta

tive,

pr

ovid

ed

a w

ritt

en

requ

est

to

with

draw

is

re

ceiv

ed

by

the

Tra

nspo

rtat

ion

Aut

hori

ty p

rior

to b

id o

r pr

opos

al o

peni

ng.

Aft

er b

id o

r pr

opos

al

open

ing,

a b

id o

r pr

opos

al m

ay b

e w

ithdr

awn

only

for

mat

eria

l ob

viou

s er

ror(

s) a

nd

subj

ect t

o th

e w

ritt

en a

ppro

val b

y th

e E

xecu

tive

Dire

ctor

.

Cle

an-u

p ch

ange

. 2

Sect

ion

III.

C.

Aw

ards

of

cont

ract

s fo

r pr

ofes

sion

al s

ervi

ces,

incl

udin

g le

gal,

finan

cial

adv

isor

y,

priv

ate

arch

itect

ural

, lan

dsca

pe a

rchi

tect

ural

, eng

inee

ring

, env

ironm

enta

l, la

nd

surv

eyin

g, o

r co

nstr

uctio

n pr

ojec

t man

agem

ent f

irms

shal

l be

on th

e ba

sis

of

dem

onst

rate

d co

mpe

tenc

e an

d on

the

prof

essi

onal

qua

lific

atio

ns n

eces

sary

for

the

satis

fact

ory

perf

orm

ance

of

the

serv

ices

req

uire

d, a

nd a

t a p

rice

that

is f

air

and

reas

onab

le, i

n ac

cord

ance

with

sta

te a

nd f

eder

al la

ws.

Cla

rific

atio

n.

3

Sect

ion

V.

It s

hall

be t

he p

olic

y of

the

Tra

nspo

rtat

ion

Aut

horit

y to

hav

e es

tabl

ishe

d pr

otes

t pr

oced

ures

whi

ch s

hall

appl

y to

all

proc

urem

ents

of

supp

lies,

equ

ipm

ent,

and

serv

ices

. A

cop

y of

the

se p

olic

ies

and

proc

edur

es s

hall

be m

aint

aine

d in

the

Tra

nspo

rtat

ion

Aut

horit

y’s

offic

es f

or g

ener

al i

nspe

ctio

n an

d re

view

by

the

publ

ic.

In a

dditi

on,

the

Tra

nspo

rtat

ion

Aut

horit

y sh

all p

rovi

de, u

pon

requ

est,

a co

py o

f th

ese

prot

est

polic

ies

and

proc

edur

es t

o al

l in

divi

dual

s, a

ssoc

iatio

ns,

corp

orat

ions

, an

d co

mpa

nies

with

w

hich

the

Tra

nspo

rtat

ion

Aut

horit

y co

nduc

ts b

usin

ess.

Cle

an-u

p ch

ange

. 5

Sect

ion

V.5

1.

A

cle

ar a

nd c

onci

se s

tate

men

t of

the

prot

est,

incl

udin

g id

entif

icat

ion

of:

a)

proc

edur

es o

r sp

ecifi

catio

ns c

onta

ined

in

bid

docu

men

ts o

r re

ques

t fo

r pr

opos

als

whi

ch w

ere

alle

gedl

y no

t com

plie

d w

ith, o

r

b)

spec

ific

inst

ance

(s)

of T

rans

port

atio

n A

utho

rity

fai

lure

to

follo

w i

ts

polic

y po

licie

s an

d pr

oced

ures

;

Cle

an-u

p ch

ange

. 6

Sect

ion

VI.

N

o co

ntra

ctua

l ob

ligat

ions

, ad

min

istr

ativ

e or

ca

pita

l, sh

all

be

assu

med

by

th

e T

rans

port

atio

n A

utho

rity

in t

he e

xces

s of

its

abili

ty t

o pa

y as

def

ined

by

the

adop

ted

final

bud

get

and

the

Stra

tegi

c P

lan.

App

rova

l of

the

Boa

rd i

s re

quire

d pr

ior

to t

he

exec

utio

n of

any

con

trac

t fo

r th

e pr

ocur

emen

t of

goo

ds o

r pr

ofes

sion

al s

ervi

ces

that

au

thor

izes

pa

ymen

ts

that

in

th

e ag

greg

ate

exce

ed

seve

nty

five

thou

sand

do

llars

($

75,0

00) i

n a

fisca

l yea

r. T

he E

xecu

tive

Dire

ctor

is a

utho

rized

to a

ppro

ve a

nd e

xecu

te

all

such

con

trac

ts t

hat

auth

oriz

e pa

ymen

ts n

ot i

n ex

cess

of

$75,

000

per

fisca

l ye

ar,

prov

ided

tha

t th

e am

ount

s ar

e co

nsis

tent

with

wer

e id

entif

ied

and

incl

uded

in a

n th

e ad

opte

d fin

al b

udge

t, as

am

ende

d in

acc

orda

nce

with

Tra

nspo

rtat

ion

Aut

hori

ty t

he

Fis

cal

Pol

icy

for

the

curr

ent

fisca

l ye

ar o

r, in

the

eve

nt t

hat

the

cont

ract

was

not

Cle

an-u

p an

d st

ream

linin

g ch

ange

s 7

33

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21

PR

OC

UR

EM

EN

T P

OL

ICY

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

com

plet

ed in

a s

ingl

e fis

cal y

ear,

the

cont

iguo

us f

isca

l yea

r(s)

. The

Exe

cutiv

e D

irect

or

is a

utho

rize

d to

am

end

cont

ract

s to

ext

end

time,

to

add

or d

elet

e ta

sks

of s

imila

r sc

ope

and

natu

re,

and

to i

ncre

ase

or r

educ

e th

e to

tal

amou

nt o

f th

e co

ntra

ct.

The

E

xecu

tive

Dire

ctor

may

exe

cute

suc

h am

endm

ents

with

out

prio

r B

oard

app

rova

l, if

the

amou

nt o

f th

e am

endm

ent d

oes

not e

xcee

d $7

5,00

0.

All

expe

nditu

res

shal

l co

mpl

y w

ith a

ll fe

dera

l, st

ate

and

loca

l st

atut

ory

requ

irem

ents

an

d ot

her

lega

l re

stri

ctio

ns p

lace

d on

the

use

of

said

fun

ds.

The

Exe

cutiv

e D

irec

tor

shal

l exe

cute

all

cont

ract

s in

con

form

ance

with

the

mon

etar

y lim

its e

stab

lishe

d in

the

ad

opte

d fin

al

budg

et.

The

E

xecu

tive

Dire

ctor

an

d/or

hi

s/he

r de

sign

ee

has

the

resp

onsi

bilit

y fo

r m

onito

ring

all c

ontr

actu

al a

gree

men

ts f

or c

ompl

ianc

e w

ith th

e te

rms

and

cond

ition

s es

tabl

ishe

d in

th

e co

ntra

ct

and

for

rend

erin

g pa

ymen

t up

on

com

plet

ion

of s

ervi

ces

or d

eliv

ery

of g

oods

and

mat

eria

ls a

s ag

reed

.

34

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8 of

21

TR

AV

EL

, CO

NF

ER

EN

CE

, TR

AIN

ING

AN

D B

USI

NE

SS E

XP

EN

SE R

EIM

BU

RSE

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

I.

PU

RP

OSE

AN

D

GE

NE

RA

L P

OL

ICY

A. P

urpo

se. T

his

docu

men

t es

tabl

ishe

s a

set

of p

olic

ies

rela

ting

to t

rave

l, co

nfer

ence

, tr

aini

ng a

nd b

usin

ess

expe

nses

, an

d es

tabl

ishe

s pr

oced

ures

for

rei

mbu

rsem

ent

of

elig

ible

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

(Tra

nspo

rtat

ion

Aut

horit

y)

cCom

mis

sion

ers

and

empl

oyee

s,

here

in

refe

rred

to

as

T

rans

port

atio

n A

utho

rity

pers

onne

l, fo

r su

ch e

xpen

ses.

The

se r

ules

and

gui

delin

es a

re d

esig

ned

to s

afeg

uard

pu

blic

fun

ds a

nd t

o in

sure

ens

ure

the

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

(Aut

hori

ty)

and

its p

erso

nnel

are

usi

ng t

he m

ost

econ

omic

al a

nd w

ell-d

ocum

ente

d pr

oced

ures

in a

con

sist

ent m

anne

r. B

. Gen

eral

Pol

icy.

The

Tra

nspo

rtat

ion

Aut

hori

ty r

ecog

nize

s th

at in

som

e in

stan

ces

it is

nec

essa

ry a

nd/o

r co

nven

ient

for

aut

hori

zed

Tra

nspo

rtat

ion

Aut

hori

ty p

erso

nnel

to

expe

nd s

ums

and

incu

r ex

pens

es f

or t

rave

l, tr

aini

ng a

nd o

ther

bus

ines

s pu

rpos

es i

n co

nnec

tion

with

the

off

icia

l bu

sine

ss o

f th

e T

rans

port

atio

n A

utho

rity.

Add

ition

ally

, th

e T

rans

port

atio

n A

utho

rity

reco

gniz

es

the

bene

fit

of

atte

ndan

ce

at

mee

tings

, co

nfer

ence

s an

d ot

her

func

tions

whi

ch a

dvan

ce p

rofe

ssio

nal

know

ledg

e an

d pr

ovid

e op

port

uniti

es

to

exch

ange

in

form

atio

n re

late

d to

tr

ansp

orta

tion,

go

vern

men

t op

erat

ions

and

iss

ues.

The

pol

icy

of t

he T

rans

port

atio

n A

utho

rity

is t

o pa

y or

re

imbu

rse

Tra

nspo

rtat

ion

Aut

hori

ty p

erso

nnel

for

suc

h ex

pens

es, t

rave

l and

fee

s th

at

a re

ason

able

and

pru

dent

per

son

wou

ld in

cur

whe

n tr

avel

ing

on o

ffic

ial b

usin

ess

and

whi

ch s

erve

an

Tra

nspo

rtat

ion

Aut

horit

y pu

rpos

e an

d ar

e de

emed

nec

essa

ry a

nd/o

r ad

vant

ageo

us to

the

Tra

nspo

rtat

ion

Aut

horit

y.

C.

Lim

itat

ions

. T

rave

l an

d m

eetin

g ex

pend

iture

s sh

all

not

exce

ed t

he a

ppro

ved

budg

et

and

shal

l be

co

nsis

tent

w

ith

asso

ciat

ed

polic

ies

esta

blis

hed

by

the

Tra

nspo

rtat

ion

Aut

horit

y. E

ligib

le T

rans

port

atio

n A

utho

rity

per

sonn

el a

re e

ntitl

ed t

o cl

aim

re

imbu

rsem

ent

for

actu

al,

reas

onab

le

and

nece

ssar

y ex

pens

es

for

elig

ible

ex

pens

es in

curr

ed in

the

dis

char

ge o

f th

eir

offic

ial d

utie

s, s

ubje

ct t

o th

e lim

itatio

ns s

et

fort

h he

rein

.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s.

1

II.

EL

IGIB

ILIT

Y

A.

Elig

ible

P

erso

nnel

. E

xpen

ses

are

auth

oriz

ed

for

Tra

nspo

rtat

ion

Aut

hori

ty

Com

mis

sion

ers

and

empl

oyee

s (T

rans

port

atio

n A

utho

rity

per

sonn

el).

In a

dditi

on,

thes

e po

licie

s w

ill a

pply

for

tho

se i

ndiv

idua

ls u

nder

con

trac

t to

the

Aut

horit

y fo

r w

hich

the

app

rove

d co

ntra

ct p

rovi

des

for

reim

burs

emen

t of

tra

vel

and

conf

eren

ce

expe

nses

as

note

d in

the

con

trac

t. T

rave

l exp

ense

s m

ay b

e au

thor

ized

for

the

pur

pose

of

co

nduc

ting

busi

ness

on

be

half

of

the

Tra

nspo

rtat

ion

Aut

horit

y,

incl

udin

g em

ploy

men

t int

ervi

ews.

B. E

ligib

le T

rave

l Exp

ense

s. T

he f

ollo

win

g ex

pens

es a

re e

ligib

le f

or r

eim

burs

emen

t in

con

nect

ion

with

aut

hori

zed

Tra

nspo

rtat

ion

Aut

horit

y bu

sine

ss, t

rave

l, co

nfer

ence

s,

mee

tings

, an

d tr

aini

ng,

subj

ect

to

the

rest

rict

ions

id

entif

ied

late

r in

th

is

polic

y.

Rei

mbu

rsem

ents

sha

ll be

for

act

ual

expe

nditu

res

(rec

eipt

s re

quire

d fo

r ex

pens

es

grea

ter

than

$25

.00)

for

am

ount

s no

t to

exc

eed

the

per

diem

rat

es a

nd a

llow

ance

s

Cle

an-u

p an

d st

ream

linin

g ch

ange

s;

upda

ted

for

cons

iste

ncy

with

GSA

and

IR

S.

1-2

35

Att

achm

ent

1

M:\

Fina

nce\

2015

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21

TR

AV

EL

, CO

NF

ER

EN

CE

, TR

AIN

ING

AN

D B

USI

NE

SS E

XP

EN

SE R

EIM

BU

RSE

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

esta

blis

hed

by t

he G

ener

al S

ervi

ces

Adm

inis

trat

ion

(GSA

),In

tern

al R

even

ue S

ervi

ce,

and/

or U

nite

d St

ates

Dep

artm

ent o

f D

efen

se (U

SDO

D) a

s ap

prop

riate

:

1.

Mea

ls;

2.

Lod

ging

;

3.

Tra

nspo

rtat

ion

char

ges

(, in

clud

ing

com

mer

cial

car

rier

fare

s,;

rent

al c

ar

char

ges,

; pr

ivat

e ca

r m

ileag

e al

low

ance

s,;

park

ing,

; br

idge

and

roa

d to

lls,;

and

nece

ssar

y ta

xi o

r pu

blic

tran

sit f

ares

); an

d

4.

Mis

cella

neou

s ex

pens

es:

Loc

al a

nd lo

ng d

ista

nce

busi

ness

tele

phon

e ca

lls, f

axes

and

inte

rnet

acc

esst

eleg

ram

s by

th

e m

ost e

cono

mic

al p

ract

icab

le c

omm

erci

al s

ervi

ce,.

subj

ect t

o re

view

by

the

Dep

uty

Dire

ctor

for

Fin

ance

and

Adm

inis

trat

ion

and

only

app

rove

d if

deem

ed r

easo

nabl

e an

d pr

oper

Any

cha

rges

in e

xces

s of

$5.

00 p

er d

ay s

hall

be it

emiz

ed to

incl

ude

to w

hom

the

call

was

mad

e an

d th

e na

ture

/nee

d fo

r th

e ca

ll;

II.

EL

IGIB

ILIT

Y

B.

Elig

ible

Tra

vel E

xpen

ses

Foot

note

Per

die

m is

an

allo

wan

ce f

or lo

dgin

g (e

xclu

ding

tax

es),

mea

ls a

nd in

cide

ntal

exp

ense

s.

The

Uni

ted

Stat

es G

ener

al S

ervi

ces

Adm

inis

trat

ion

(GSA

) es

tabl

ishe

s pe

r di

em r

ates

fo

r de

stin

atio

ns w

ithin

the

Con

tinen

tal U

nite

d St

ates

. The

Uni

ted

Stat

es D

epar

tmen

t of

Sta

te e

stab

lishe

s th

e fo

reig

n ra

tes

(for

exa

mpl

e, R

ussi

a, A

ruba

, B

aham

as,

Eur

ope,

et

c.).

The

Dep

artm

ent

of D

efen

se (

DO

D)

esta

blis

hes

non-

fore

ign

rate

s su

ch a

s A

lask

a, H

awai

i, P

uert

o R

ico,

and

Gua

m.

The

se r

ates

are

rev

iew

ed a

nnua

lly b

y th

e re

spec

tive

Fed

eral

age

ncy.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s 2

VI.

M

EA

L E

XPE

NSE

A

. G

ener

al. T

rans

port

atio

n A

utho

rity

pers

onne

l may

incu

r ex

pens

es f

or th

e pu

rcha

se

of m

eals

for

per

sons

not

em

ploy

ed b

y th

e T

rans

port

atio

n A

utho

rity,

with

who

m

the

Tra

nspo

rtat

ion

Aut

horit

y is

tran

sact

ing

busi

ness

. The

nam

e an

d bu

sine

ss

affil

iatio

n of

the

pers

on, a

s w

ell a

s th

e pu

rpos

e of

the

busi

ness

mee

ting,

mus

t be

incl

uded

in th

e E

xpen

se R

epor

texp

ense

rep

ort.

The

max

imum

per

-per

son

expe

nditu

re s

hall

not e

xcee

d a

reas

onab

le a

mou

nt u

nder

the

part

icul

ar

circ

umst

ance

s an

d sh

all n

ot e

xcee

d th

e pe

r di

em a

mou

nt. A

ctua

l cos

ts s

hall

incl

ude

reas

onab

le a

nd c

usto

mar

y gr

atui

ties,

but

not

the

cost

of

alco

holic

bev

erag

es. A

ll su

ch e

xpen

ditu

res

for

pers

onne

lem

ploy

ees

mus

t be

appr

oved

in a

dvan

ce b

y th

e E

xecu

tive

Dire

ctor

.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s 5

VI.

M

EA

L E

XPE

NSE

C

. L

ocal

Are

a M

eals

.Rei

mbu

rsem

ent f

or e

mpl

oyee

mea

ls in

the

loca

l are

a m

ust b

e as

soci

ated

with

Tra

nspo

rtat

ion

Aut

horit

y bu

sine

ss a

nd m

ust b

e ap

prov

ed in

ad

vanc

e by

the

Exe

cutiv

e D

irect

or. M

eal e

xpen

ses

incu

rred

pri

or to

aut

horiz

atio

n w

ill b

e at

the

risk

of

the

empl

oyee

. Mea

ls s

houl

d no

t exc

eed

the

per

diem

rat

es a

nd

allo

wan

ces

esta

blis

hed

by th

e G

SA o

r U

SDO

D a

s ap

prop

riate

the

follo

win

g co

sts:

br

eakf

ast (

$7);

lunc

h ($

10);

and

dinn

er ($

18).

Unu

sual

cos

ts m

ust b

e ju

stifi

ed in

w

ritin

g.

D.

Out

-of-

Are

a M

eals

. Rei

mbu

rsem

ent f

or e

mpl

oyee

mea

ls d

urin

g pe

riod

s of

ap

prov

ed tr

ips

out-

of-a

rea

mus

t be

appr

oved

on

the

Tra

vel A

utho

rizat

ion

Cle

an-u

p an

d st

ream

linin

g ch

ange

s;

upda

ted

for

cons

iste

ncy

with

GSA

and

IR

S.

5

36

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achm

ent

1

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nce\

2015

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ge 2

0 of

21

TR

AV

EL

, CO

NF

ER

EN

CE

, TR

AIN

ING

AN

D B

USI

NE

SS E

XP

EN

SE R

EIM

BU

RSE

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

For

mtr

avel

aut

horiz

atio

n fo

rm. R

eim

burs

emen

t for

out

-of-

area

mea

ls w

ill b

e ba

sed

on e

ither

act

ual c

osts

, for

whi

ch r

ecei

pts

mus

t be

prov

ided

for

exp

endi

ture

s ex

ceed

ing

$25.

00, a

nd in

acc

orda

nce

with

the

per

diem

of

the

fede

ral s

tand

ard

mea

l allo

wan

ce, a

s es

tabl

ishe

d by

the

GSA

or

USD

OD

as

appr

opria

tepu

blis

hed

in

Inte

rnal

Rev

enue

Ser

vice

Pub

licat

ion

463

(or

any

succ

esso

r pu

blic

atio

n). U

nusu

al

cost

s m

ust b

e ju

stifi

ed in

writ

ing.

VII

. L

OD

GIN

G E

XPE

NSE

S R

eim

burs

emen

t is

al

low

able

fo

r si

ngle

-roo

m

lodg

ing

expe

nses

as

soci

ated

w

ith

atte

ndan

ce a

t ou

t-of

-are

a co

nfer

ence

s or

mee

tings

. The

cos

t of

a s

ingl

e ro

om w

ill b

e re

imbu

rsed

whe

n tr

avel

exc

eeds

the

day

’s d

urat

ion.

Whe

re a

vaila

ble,

gov

ernm

ent

and

grou

p ra

tes

mus

t be

re

ques

ted.

N

o re

imbu

rsem

ent

is

auth

oriz

ed

for

over

nigh

t ac

com

mod

atio

ns w

ithin

the

nin

e B

ay A

rea

coun

ties

of A

lam

eda,

Con

tra

Cos

ta, M

arin

, N

apa,

San

Fra

ncis

co,

San

Mat

eo,

Sant

a C

lara

, So

lano

and

Son

omai

n th

e co

untie

s of

A

lam

eda,

San

Fra

ncis

co,

Con

tra

Cos

ta,

San

Mat

eo,

Sola

no,

Mar

in,

or S

anta

Cla

ra

unle

ss p

rior

auth

oriz

atio

n is

gra

nted

. T

rans

port

atio

n A

utho

rity

pers

onne

l will

be

expe

cted

to b

e pr

uden

t in

the

choi

ce o

f lo

dgin

g an

d w

ill s

ubm

it pr

oper

doc

umen

tatio

n to

just

ify th

e ex

pens

e. T

he E

xecu

tive

Dir

ecto

r w

ill a

ppro

ve th

e lo

dgin

g as

par

t of

the

appr

oval

of

the

trav

el r

eque

st, a

nd

rese

rves

the

righ

t to

dete

rmin

e w

hich

lodg

ing

is p

rude

nt, b

ased

on

econ

omic

, com

fort

, sa

fety

, and

rea

sona

bilit

y co

nsid

erat

ions

. The

Aut

horit

y w

ill r

eim

burs

e its

per

sonn

el f

or

lodg

ing

up to

the

rate

s pu

blis

hed

by th

e In

tern

al R

even

ue S

ervi

ce P

ublic

atio

n 46

3 (o

r an

y su

cces

sor

publ

icat

ion)

. If

lodg

ing

is r

equi

red

in c

onne

ctio

n w

ith a

con

fere

nce,

the

lodg

ing

cost

s sh

all n

ot e

xcee

d th

e m

axim

um g

roup

rat

e pu

blis

hed

by th

e sp

onso

r of

th

e co

nfer

ence

. If

no g

roup

rat

e is

ava

ilabl

e at

the

time

of b

ooki

ng, t

he T

rans

port

atio

n A

utho

rity

will

rei

mbu

rse

its p

erso

nnel

for

lodg

ing

up to

the

rate

s es

tabl

ishe

d by

the

GSA

or

USD

OD

as

appr

opria

tepu

blis

hed

in I

nter

nal R

even

ue S

ervi

ce P

ublic

atio

n 46

3 (o

r an

y su

cces

sor

publ

icat

ion)

.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s;

upda

ted

for

cons

iste

ncy

with

GSA

and

IR

S.

6

VII

I. M

EA

NS

OF

T

RA

NSP

OR

TA

TIO

N

A. G

ener

al.A

ll tr

avel

mus

t util

ize

the

mos

t eff

icie

nt, d

irect

and

eco

nom

ical

mod

e of

av

aila

ble

tran

spor

tatio

n. T

rans

port

atio

n A

utho

rity

pers

onne

l sha

ll us

e go

vern

men

t and

gr

oup

rate

s of

fere

d by

pro

vide

rs o

f tr

ansp

ort w

here

ava

ilabl

e. I

f fo

r pe

rson

al

conv

enie

nce,

Tra

nspo

rtat

ion

Aut

hori

ty p

erso

nnel

trav

el a

n in

dire

ct r

oute

and

trav

el is

in

terr

upte

d, a

ny r

esul

ting

extr

a ex

pens

e w

ill b

e bo

rne

by th

e in

divi

dual

exc

ept f

or

reas

ons

beyo

nd th

e co

ntro

l of

the

indi

vidu

al. F

or e

mpl

oyee

s, a

ny r

esul

ting

exce

ss

trav

el ti

me,

exc

ept w

here

bey

ond

the

cont

rol o

f th

e em

ploy

ee, w

ill n

ot b

e co

nsid

ered

w

ork

time,

but

will

be

char

ged

the

appr

opri

ate

type

of

leav

e.

Cha

rges

or

loss

of

refu

nds

resu

lting

fro

m f

ailu

re to

can

cel r

eser

vatio

ns in

acc

orda

nce

with

the

carr

ier’s

rul

es a

nd ti

me

limits

usu

ally

will

not

be

reim

burs

ed, u

nles

s it

can

be

show

n th

at s

uch

failu

re r

esul

ted

from

circ

umst

ance

s be

yond

the

cont

rol o

f T

rans

port

atio

n A

utho

rity

pers

onne

l. U

nuse

d po

rtio

ns o

f tr

ansp

orta

tion

ticke

ts a

re s

ubje

ct t

o re

fund

and

, whe

n pu

rcha

sed

by t

he T

rans

port

atio

n A

utho

rity,

the

indi

vidu

al t

rave

ler

is r

espo

nsib

le t

o se

e th

at t

hey

are

turn

ed in

pro

mpt

ly to

sec

ure

such

a r

efun

d.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s 6

37

Att

achm

ent

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nce\

2015

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1 of

21

TR

AV

EL

, CO

NF

ER

EN

CE

, TR

AIN

ING

AN

D B

USI

NE

SS E

XP

EN

SE R

EIM

BU

RSE

ME

NT

PO

LIC

Y

SEC

TIO

N

RE

VIS

ION

R

EA

SON

P

AG

E

VII

I. M

EA

NS

OF

T

RA

NSP

OR

TA

TIO

N

D.

Aut

omob

iles

1.

Priv

atel

y-ow

ned

Aut

omob

ile f

or O

ffic

ial B

usin

ess

In

inst

ance

s w

here

Tra

nspo

rtat

ion

Aut

horit

y pe

rson

nel u

se th

eir

priv

ate

auto

mob

iles

for

tran

spor

tatio

n be

twee

n th

eir

norm

al w

ork

loca

tion

and

othe

r de

sign

ated

wor

k lo

catio

ns (e

.g.,

the

site

of

a m

eetin

g), T

rans

port

atio

n A

utho

rity

pers

onne

l may

be

reim

burs

ed f

or s

uch

mile

age

base

d up

on th

e st

anda

rd m

ileag

e ra

te

as e

stab

lishe

d by

the

GSA

in I

nter

nal R

even

ue S

ervi

ce P

ublic

atio

n 46

3. W

hen

actu

al

mile

age

exce

eds

by 1

0% th

e re

ason

able

dis

tanc

e be

twee

n po

ints

, Tra

nspo

rtat

ion

Aut

horit

y pe

rson

nel m

ust j

ustif

y su

ch e

xces

s. I

nabi

lity

to d

o so

will

res

ult i

n th

e re

imbu

rsem

ent b

eing

bas

ed o

n m

ileag

e fo

r th

e m

ost d

irect

rou

te. M

ileag

e ra

te o

f re

imbu

rsem

ent w

ill b

e ad

just

ed a

s re

quire

d. M

ileag

e re

imbu

rsem

ent f

or o

ut-o

f-ar

ea

trip

s sh

all n

ot e

xcee

d th

e co

st o

f th

e m

ost e

ffic

ient

and

eco

nom

ical

dire

ct a

ir ra

te.

Tra

nspo

rtat

ion

Aut

horit

y pe

rson

nel w

ho u

se th

eir

priv

atel

y-ow

ned

mot

or v

ehic

les

for

tran

spor

tatio

n w

hile

on

offic

ial T

rans

port

atio

n A

utho

rity

bus

ines

s m

ust c

arry

at l

east

th

e m

inim

um a

utom

obile

liab

ility

insu

ranc

e fo

r pr

ivat

ely-

owne

d m

otor

pas

seng

er

vehi

cles

as

requ

ired

by

the

Stat

e of

Cal

iforn

ia. R

eim

burs

emen

t for

this

min

imum

au

tom

obile

liab

ility

insu

ranc

e co

vera

ge s

hall

not b

e al

low

ed. W

hen

usin

g pr

ivat

ely-

owne

d m

otor

veh

icle

s, T

rans

port

atio

n A

utho

rity

pers

onne

l will

not

be

reim

burs

ed f

or

any

dam

ages

that

may

occ

ur.

Cle

an-u

p an

d st

ream

linin

g ch

ange

s;

upda

ted

for

cons

iste

ncy

with

GSA

and

IR

S.

7

VII

I. M

EA

NS

OF

T

RA

NSP

OR

TA

TIO

N

F.

Rei

mbu

rsem

ent.

Unl

ess

othe

rwis

e pr

ovid

ed a

bove

, the

Tra

nspo

rtat

ion

Aut

horit

y w

ill r

eim

burs

e its

per

sonn

el f

or tr

ansp

orta

tion

at th

e ra

tes

esta

blis

hed

by th

e G

SA o

r U

SDO

D a

s ap

prop

riat

epub

lishe

d by

the

Inte

rnal

Rev

enue

Ser

vice

Pub

licat

ion

463

(or

any

succ

esso

r pu

blic

atio

n).

Cle

an-u

p an

d st

ream

linin

g ch

ange

s;

upda

ted

for

cons

iste

ncy

with

GSA

and

IR

S.

8

38

SAN FRAN

DRAFT

M:\Finance\201

SECTION 1

This Ordand may This OrTransporappointmand mana

SECTION 2

The Tranrequired Code, alsfollowing

(a)

(b)

(c)

(d)

(e)

SECTION 3

The elevebe the of

(a)

NCISCO COUNT

5\Memos\01 Jan\Poli

. TITLE A

dinance is enabe referred

rdinance prertation Auth

ment of emplagement of th

2. DUTIES

nsportation Ato accomplisso known asg:

The Tranbecame efsupersedeadoption bimplemen

The TrancompensaOfficers s

The Tranrecords at

The Traneach year Transport

The TranExecutiveperforman

3. POWER

en members fficers of the

A Commithe City abe made ieffective wregular mTransport

TY TRANSPORT

cies\Att 02 Draft Adm

AND AUTHORIT

acted pursuanto as the “Saescribes theority (hereinloyees of thehe Transport

S OF THE TRAN

Authority shash the stateds the Bay A

sportation Affective upond by the Nby the voters

nted by Propo

nsportation Aation of its ohall be as pro

nsportation At least annual

sportation Aon the prog

tation Expen

nsportation Ae Director bnce for the cu

RS AND DUTIES

of the BoarTransportati

issioner may nd County oin writing towhen deliver

member. Whtation Autho

TATION AUTHO

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ADMINI

TY.

nt to the proan Francisco

powers annafter referree Transportattation Autho

NSPORTATION A

all have the d purposes anArea County

Authority shan approval b

New Transpos on Novembosition B for

Authority shfficers and eovided in Sec

Authority shlly by a certifi

Authority shagress to ach

nditure Plan.

Authority shby Decembeurrent year.

S OF THE TRAN

rd of Superviion Authority

designate anof San Franco the Chairpred. The althen the regrity, the alter

ORITY

ISTRATIVE

ovisions of Co County Trand duties oed to as thetion Authori

ority.

AUTHORITY.

power, authnd goals of D

Traffic and

all administerby the votersortation Expber 4, 2003 oa 30-year pe

hall adopt amployees. Thction 3.2 her

hall cause a fied public ac

all prepare ahieve the obj

all conducter 31 of eac

NSPORTATION

isors of the Cy. They shall

nother local cisco to serveperson of theernate’s term

gular membrnate may ac

E CODE

California Pubansportation of officers e Transportaity; and the p

ority, and duDivision 12.5d Transporta

r the Transps on Novem

penditure Plaof Propositioeriod.

an annual bhe compensa

rein.

post audit ccountant.

and adopt anjectives of c

an employech year for

AUTHORITY OF

City and Col be known a

elected office as his or hee Transportam of office er is not p

ct as the regu

ADMI

blic Utilities C Authority Aof the San

ation Authopolicies, and

uty to do all 5 of the Caliation Fundin

portation Expmber 7, 1989 an which beon K, which

budget by Jation of Tran

of its finan

n annual repcompletion o

e performanr the Execu

FFICERS.

unty of San as “Commissi

cial who reprer alternate. ation Authorshall be the present at ular member

NISTRATIVE CO

ORDINANCE 1

Pa

Code SectionAdministrativn Francisco

ority); the msystems of o

things neceifornia Publicng Act, inclu

penditure Plof Proposit

ecame effectextended the

June 30 andnsportation A

ncial transact

port by Januaof the projec

nce evaluatioutive Directo

Francisco (Cioners.”

resents the cThe designa

rity and shalsame as th

the meetingand shall ha

ODE

15-XX

ge 1 of 12

n 131265, ve Code.” o County

method of operation

ssary and c Utilities uding the

lan which tion B, as tive upon e sales tax

d fix the Authority

tions and

ary 31 of cts in the

on of the or’s work

City) shall

citizens of ation shall ll become hat of the g of the ave all the

Attachment 2 39

SAN FRAN

DRAFT

M:\Finance\201

(b)

(c)

SECTIO

(a)

(b)

(c)

SECTIO

(a)

(b)

NCISCO COUNT

5\Memos\01 Jan\Poli

rights, privmeeting.

Chairperson

1. To pre

2. To apcomm

3. To de

4. To siAutho

5. To pAutho

Vice-Chairpabsence o

ON 3.1.

The Chairthereafter,

The Vice-and therea

If the ChaChairpersomeeting o

ON 3.2.

As requirTransportof $100 fexceed $4of the Tra

1. A mee

2. A mee

3. A con

4. Any opublicperforreceiv

Commissiincurred iadvance a

TY TRANSPORT


vileges, and r

n. The Chairp

eside at all m

ppoint the mittees of the

cide the agen

gn contractsority; and

erform suchority.

person. The Vr incapacity o

Method of A

rperson shall, after the fir

-Chairpersonafter, after th

airperson or on or Vice-Cf the Transp

Compensatio

red by the tation Authofor each day 400 in any moansportation

eting of the l

eting of an ad

nference or or

other occurrec meeting sprmance of ofe compensat

ioners shall in the perfoand as per th

TATION AUTHO

in Code 2015.docx

responsibiliti

person shall p

meetings;

membershipTransportat

nda of Transp

s, deeds, an

h additional

Vice-Chairpeof the Chairp

Appointment of

l be elected rst complete c

n shall be elehe first comp

Vice-ChairpChairperson

portation Aut

on of Commiss

provisions rity Commis

y attending thonth, for anyAuthority:

egislative bo

dvisory body

rganized edu

ence, if the Tecifying thatfficial duties tion.

receive reimormance of dhe adopted T

ORITY

ies of the reg

possess the f

p and the tion Authorit

portation Au

nd other ins

duties as

erson shall pperson.

f the Transport

at the first mcalendar year

ected at the flete calendar

person resignto serve the

thority.

sioners.

of Californssioners or thhe business y of the follo

dy;

y;

ucational activ

Transportatiot the attendafor which T

mbursement duty their d

Transportatio

gular membe

following pow

Chairpersonty;

uthority meet

struments o

may be de

perform the

tation Authorit

meeting of thr, annually at

first meetingr year, annual

ns or is remoe remainder

nia Public heir alternateof the Tran

owing occurr

vity, includin

on Authority ance at such Transportatio

for necessaduties when on Authority

ADMI

er, including

wers and dut

n and Vice-

tings;

on behalf of

esignated by

duties of th

ty Officers.

he Transport the first me

g of the Tranlly at the firs

oved from oof the term

Utilities Coes shall be consportation Arences that a

ng ethics train

y has adoptedoccurrence

on Authority

ary travel ansuch expens

y travel allow

NISTRATIVE CO

ORDINANCE 1

Pa

compensatio

ties:

-Chairperson

f the Trans

y the Trans

he Chairperso

rtation Authoeeting in Janu

nsportation At meeting in

office, the elem, shall be at

ode Section ompensated aAuthority, buare related to

ning; or

d a written pwould cons

y Commissio

nd personal ses are auth

wances and p

ODE 15-XX

ge 2 of 12

on for the

n of the

sportation

sportation

on in the

ority, and uary.

Authority, January.

ection for t the next

131268, at the rate ut not to

o business

policy in a stitute the oners may

expenses horized in policies as

40

SAN FRAN

DRAFT

M:\Finance\201

SECTION 4

(a)

(b)

(c)

SECTIO

NCISCO COUNT

5\Memos\01 Jan\Poli

set forth Business E

4. STAFF

Executive Dshall servepossess thincluding

1. To suAutho

2. To foPlan othe pr

3. To prspons

4. To suand ad

5. To dirand seservicethereuagencibudge

6. To adcontrodischamaintaAuthoand

7. To prperfor

Chief Depuevent of tvacancy in

Additional Sapproval oand shall additionalserve at th

ON 4.1

TY TRANSPORT


in the TraExpense Poli

TO THE TRANS

Director. The e at the pleahe power anthe following

upervise and ority;

rmulate and of the Transpriorities set by

rovide guidaors to ensure

bmit to the dministrative

rect the prepervices, to exes, and agr

under do noies where suet;

dminister theolling, supervarging any eain a personority, and me

rovide the drm such othe

ty Director. Tthe Executiven that positio

Staff. The Exof the Transpbe contained

l staff membhe pleasure o

Benefits for

TATION AUTHO

in Code 2015.docx

ansportation icy.

SPORTATION A

Transportatasure of the nd duty to ag powers and

direct prepa

present planportation Auty the plan, an

ance to and e that the pro

Transportatie activities of

paration and axecute contrreements wiot exceed $7fficient fund

e personnel svising, promemployee. Tnnel manual,ethods of co

day-to-day aer and additio

The Executive Director’s

on, the Chief

xecutive Dirportation Aud in a writte

bers to approf the Execut

Employees.

ORITY

Authority’s

UTHORITY.

tion AuthoritTransportat

administer thd duties:

aration of th

ns for implemthority, inclund the means

to monitor ojects are com

ion Authorityf the Transpo

administratioracts for gooith sponsori75,000 and ding for such

system of thmoting, transTo this end,, stating the ompensation

administratioonal duties as

ve Director stemporary aDeputy Dire

rector may cuthority. Duten job descroved positiontive Director.

adopted T

ty shall appotion Authorihe business

he annual dra

mentation ouding establiss to finance t

and coordinmpleted;

y each year aortation Auth

on of purchaods, materialing agenciesto execute a

h is available

he Transportsferring, susp, the Execu

rules of emestablished

on of the Ts the Transpo

shall appointabsence, disaector shall ac

create additioties shall be dription. The ns. All emplo.

ADMI

ravel, Confe

oint the Exeity. The Exeof the Tran

aft budget fo

f the Transpshment of prthem;

nate the act

a complete rhority for the

ase orders anls and servics where estany agreemein the Trans

tation Authopending with

utive Directomployment o

by the Tran

Transportatioortation Aut

t a Chief Deability or unact as the Exe

onal staff podefined by thExecutive D

oyees are “at

NISTRATIVE CO

ORDINANCE 1

Pa

erence, Train

ecutive Dirececutive Direc

nsportation A

or the Trans

portation Exproject prioriti

tivities of th

report of thee preceding y

nd contracts fces, includingtimated expents with spsportation A

ority, includinh or withouor shall preof the Transnsportation A

on Authorityhority may p

eputy Directoavailability orcutive Direct

ositions subjehe ExecutiveDirector shalt-will” emplo

ODE 15-XX

ge 3 of 12

ning and

ctor, who ctor shall

Authority,

sportation

penditure ies within

he project

e finances year;

for goods g support penditures ponsoring uthority’s

ng hiring, ut pay or pare and

sportation Authority;

y and to prescribe.

or. In the r during a tor.

ect to the e Director ll appoint oyees and

41

SAN FRAN

DRAFT

M:\Finance\201

The Tto prsystemapplic

SECTIO

The EpersoExecuwitho

SECTION 5

SECTIO

(a)

(b)

(c)

(d)

(e)

SECTIO

(a)

NCISCO COUNT

5\Memos\01 Jan\Poli

Transportatioovide retiremm which it cable state an

ON 4.2 Rules o

Executive Dionnel policieutive Direct

out pay, or di

5. METHO

ON 5.1.

All proceeof the BayDivision Transport1401 of thSan Francadopted bTransport2003, and

Except asTransportLegislativeTransportholiday, in

The acts ordinance

The majorthe transathe affirm

All meetinby the RaDivision 2Sunshine P

ON 5.2

Plans and Pa TranspCommissiregular me

TY TRANSPORT


on Authorityment and hea

determines nd federal law

of Employment

irector of thees of the Tror shall takeischarge any

ODS, PROCEDU

Meetings an

edings of they Area Coun12.5 of th

tation Authohe San Francisco), and thby the voterstation Expenthis Admini

s otherwise dtation Authoe Chamber otation Authon which case

of the Trane.

rity of the mction of busi

mative vote of

ngs of the Talph M. Bro2 of Title 5 oPolicy.

Committees

Programs Comortation Plaioners. Exceeetings shall

TATION AUTHO

in Code 2015.docx

y may contraalth benefits is in the b

ws.

t.

e Transportaransportatione all necessaemployee in

RES AND SYST

nd Rules of Pro

e Transportatnty Traffic anhe Californiaority Reauthocisco Busine

he City and Cs as Propositnditure Plan strative Code

determined bority shall bof City Hall ority, except w

the meeting

nsportation

members of thiness, and allf a majority o

Transportationown Act (Chof the Gover

of the Transpo

mmittee. The Cans and Proept as otherwbe held on t

ORITY

act with the afor its empl

best interests

ation Authorin Authority ary actions accordance w

TEMS OF OPER

ocedure.

tion Authoritnd Transporta Public U

orization Ordess and Tax County of Sation B on Nadopted by te.

by the Transbe held on or other locawhen that dshall be held

Authority s

he Transportl official actsof all the mem

n Authority hapter 9 cornment Code

ortation Autho

Chairperson ograms Comwise determithe third Tue

appropriate aloyees or wi

s of its emp

ity, or his or as set forthto hire, prowith the pro

RATION AND M

ty shall be intation FundinUtilities Coddinance (ArtiRegulations

an Francisco November 7,

the voters as

sportation Athe fourth ation as desi

day or any prd on the follo

hall be exp

tation Authos of the Tranmbers of the

shall be conommencing we) and the Tr

ority.

of the Transmmittee whiined by the esday of each

ADMI

agencies of tith any otherployees, and

her designeeh in the Peromote, transocedures in th

MANAGEMENT.

n conformancng Act (Sectide), the Sanicle 14, commCode of theTransportat1989, as sup

s Proposition

Authority, regTuesday of ignated with receding Tueowing Tuesd

ressed by m

ority shall consportation A

Transportat

nducted in thwith Sectionransportation

sportation Aich shall beChairperson

h month, exc

NISTRATIVE CO

ORDINANCE 1

Pa

the State of Cr retirement d in accorda

e, shall admirsonnel Manfer, suspendhe Personnel

ce with the pions 131000 n Franciscomencing withe City and Ction Expendiperseded by n K on Nov

gular meetinf each mont

proper notiesday that m

day.

motion, reso

nstitute a quAuthority shation Authorit

he manner pn 54950 of n Authority’s

Authority shale composedn of the Cocept when th

ODE 15-XX

ge 4 of 12

California or health

ance with

nister the nual. The d with or l Manual.

provisions et seq. of

o County h Section

County of iture Plan the New

vember 4,

ngs of the th in the ice by the

month is a

olution or

uorum for all require ty.

prescribed Part l of s adopted

ll appoint d of five ommittee, hat day or

42

SAN FRAN

DRAFT

M:\Finance\201

(b)

NCISCO COUNT

5\Memos\01 Jan\Poli

any precedthe follow

1. To revrecomaccord

2. To reprogra

3. To mo

4. To rev

5. To restate f

6. To revof the

7. To revPrograrespon

8. To recthe StrPropo

9. To revthe eff

Finance CoCommittedeterminesecond Tushall be hthe follow

1. To setwhichExpenand renecessrevisio

2. To tralocal l

3. To reAutho

4. To revby staf

TY TRANSPORT


ding Tuesdaywing Tuesday

view projectsmmend fund adance with th

commend fuam to the Tra

onitor projec

view the tran

commend tofunds;

view and maTransportat

view and maam and any onsibility;

commend thrategic Plan o

osition AA pr

view and maforts of the C

mmittee. Theee which shed by the Chuesday of eaceld on the fo

wing:

t the parameh shall inclunses, Debt Secommend tsary budget ons in revenu

ack, review anegislation;

eview and rority;

view Transpff and to mak

TATION AUTHO

in Code 2015.docx

y that monthy. The respon

s and prograallocations tohe priorities e

und allocatioansportation

ct implement

nsportation p

o the Transp

ke recommetion Authorit

ake recommother plans a

he allocation on the timingrojects;

ake recommCitizens Advi

e Chairpersonhall be comhairperson och month, exollowing Tue

ters (spendinude but notervice (if ap

to the Transrevisions, in

ues and/or ex

nd make rec

recommend

ortation Autke any neces

ORITY

h is a holidaynsibilities of t

ms containedo the Transpestablished b

ons for the n Authority;

tation;

lans of all Ci

portation Au

ndations on ty’s plans and

endations onand program

of funds to g of expendi

endations onisory Comm

n of the Tranmposed of of the Commxcept when thesday. The re

ng limits) of t be limitedplicable), andportation Au

ncluding any xpenses;

ommendatio

long-range

thority investsary recomm

ay, in which cthis Committ

d in the Tranortation Aut

by the Transp

Transportati

ity transporta

uthority prog

any policies d programs;

n the adoptims for which

Propositionitures, and to

n the filling mittees.

nsportation Afive Comm

mittee, regulahat day is a hesponsibilitie

the Transpod to the ded a single linuthority the

y mid-year ad

ons on pendi

financial p

tments, audimendations to

ADMI

case the meetee shall inclu

nsportation Ethority for thportation Exp

ion Fund fo

ation agencie

gramming of

necessary fo

ion of a Conthe Transpo

n AA projecto monitor an

of appointm

Authority shmissioners. Ear meetings holiday, in wes of this Co

rtation Authetailed Admne item for Cadoption of

djustments i

ing or propo

planning for

its, and finano the Transp

NISTRATIVE CO

ORDINANCE 1

Pa

eting shall beude the follo

Expenditure heir implemenpenditure Pla

or Clean Air

es;

f relevant fed

or the implem

ngestion Manortation Auth

ts, in accordand expedite d

ments and to

hall appoint aExcept as oshall be hel

which case theommittee sha

hority’s annuaministrative O

Capital Expef the budgetin the budge

osed federal,

r the Trans

ncial reports ortation Aut

ODE 15-XX

ge 5 of 12

e held on owing:

Plan and ntation in an;

r (TFCA)

deral and

mentation

nagement hority has

ance with delivery of

o monitor

a Finance otherwise ld on the e meeting all include

al budget, Operating enditures; t and any et due to

state, and

sportation

prepared thority;

43

SAN FRAN

DRAFT

M:\Finance\201

(c)

(d)

(e)

NCISCO COUNT

5\Memos\01 Jan\Poli

5. To mabonds

6. To reTransp

7. To revof the

8. To mo

9. To mo

Personnel TransportChairpersoPrograms designee sTwo memshall requinumber oat the calinclude th

1. To mExecu

2. To co

3. To mrelatedcondit

Additional CTransportconsistent

1. The co

2. The co

3. The sibased

TransportatCommitteChairpersoCode or aex-officio presence iCommittequorum foCommitte

TY TRANSPORT


ake recomms;

eview and mportation Au

view and recoBoard of Co

onitor and m

onitor Transp

Committee. Ttation Authon of the Tand Finance

shall serve asmbers shall cire the affirmf members oll of the Co

he following:

make recommutive Directo

nduct annua

make recommd to staffingtions.

Committees. Ttation Authot with the fol

ommittee sha

ommittee wil

ize of the coon the comm

tion Authority ee, with the eon shall servany select commember, ex

is necessary iee, three memfor the transaee shall requ

TATION AUTHO

in Code 2015.docx

endations to

make recomuthority;

ommend, as ommissioner

make recomm

portation Au

The Chairpeority PersoTransportatioe Committees the Chairpeconstitute a qmative vote oof the Commommittee Ch

mendations r of the Tran

l performanc

mendations og levels, job

The Transpoority shall apllowing criter

all have a cle

ll be created

mmittee willmittee purpo

Committee Pexception of

ve on each Tmmittee estacept that thein order to cmbers of thaction of busuire the affi

ORITY

o the Transpo

mendations

appropriate,rs (Board);

mendations on

uthority impl

erson of thennel Common Authorits. The Transerson and a quorum and of the majorimittee. Meetinhairperson. T

on the hirinsportation A

ce evaluation

on the Tranb specificatio

ortation Authppoint the mria:

ear, simple, n

for a specifie

l be no less tose.

Procedures. Inf the Personransportation

ablished by the Chairpersonconstitute a qe Transportasiness and allrmative vote

ortation Aut

on any fis

, the award o

n pending or

lementation o

e Transportmittee whichty, and the sportation Auvoting mem

d all official aity of the qungs of the PThe respons

ing, firing, Authority;

ns of the Exe

nsportation ons, compen

hority may crmembership

narrow, single

ed maximum

than three no

n addition tnnel Committn Authority he Transporn shall serve quorum. Witation Autholl official actse of the ma

ADMI

thority conce

cal/procurem

of contracts r

r proposed li

of adopted p

tation Authoh shall be Chairperson

uthority Chamber of the P

acts of the Puoruma majoPersonnel Cosibilities of t

and employ

ecutive Direc

Authority’s nsation rang

reate, and thof select co

e statement o

m period of ti

or more than

to the regultee, the TranCommittee e

rtation Authoas a voting mth the exceprity Commits of the Tranajority of th

NISTRATIVE CO

ORDINANCE 1

Pa

erning the iss

ment policie

requiring the

tigation; and

policies.

ority shall acomposed

ns of the Pairperson or hPersonnel CoPersonnel Co

ority of the aummittee shathis Commi

yment statu

ctor; and

policies andges and em

he Chairpersoommittees es

of purpose;

ime; and

n five Comm

lar membersnsportation Aestablished uority, as a nomember whetion of the Pttee shall connsportation Ahe quorumau

ODE 15-XX

ge 6 of 12

suance of

es of the

approval

d

appoint a of the

Plans and his or her ommittee. ommittee uthorized

all be held ittee shall

s of the

d actions ployment

on of the stablished

missioners,

s of each Authority under this on-voting, n his/her Personnel nstitute a Authority uthorized

44

SAN FRAN

DRAFT

M:\Finance\201

SECTIO

(a)

(b)

SECTIO

(a)

(b)

(c)

(d)

NCISCO COUNT

5\Memos\01 Jan\Poli

number oAuthority acting as a

ON 5.3.

Citizens AdCitizens Avarious sesenior cititransportashall servequarterly Authority Transport

1. Defini

2. ReflecTranspcomm

3. Definiprograthe NPropo

4. Monitagenci

Additional Acommittee

ON 5.4

Contracts awarded Transport

Contracts competitivadopted P

The Execthan or eProcuremagreementProcurem

Where adcompetitivdesignated

TY TRANSPORT


of members Committee,

a voting mem

Citizen Advis

dvisory CommitAdvisory Comegments of tizens, the diation intereste without comand all meewill be av

tation Author

ing the missi

cting commuportation A

munity;

ing criteria aam consisten

New Transpoosition K; and

toring the Ties’ productiv

Advisory Commes that it dee

Contracts.

for the purcafter a for

tation Author

for the purcve procurem

Procurement

utive Directoequal to $75

ment Policy. ts within th

ment Policy.

dvantageous,ve procuremd services or

TATION AUTHO

in Code 2015.docx

of the Com, the Transp

mber, may cas

sory Committe

ttee. The Trammittee (CAthe communisabled, envirts. The commpensation etings shall bvailable to arity in:

ion of the Tr

unity values Authority, an

and prioritiesnt with the inortation Expd

Transportatiovity and effec

mittees. The Tms necessary

chase of supprmal competrity’s adopted

chase of servment process

Policy.

or is authoriz5,000 in con

The Execuhe parameter

, the Transment process

to provide m

ORITY

mmittee. In tportation Aust the decidin

ees.

ansportation AC). Thise Cnity, such asronmentalistmittee memfor a two-yeabe open to ssist the Co

ransportation

in the develnd channelin

s for implemntention of Ppenditure Pla

on Authorityctiveness.

Transportatioy.

plies, equipmtitive procud Procureme

vices in exces in confor

zed to contrnformance wutive Directrs specified

portation A with the C

materials on b

the case of uthority Chaing vote.

Authority shCommittee ss public polits, and the n

mbers shall bear period. Ththe public.

ommittee. T

n Authority;

lopment of ng that mis

menting the Proposition Ban program

y’s programs

on Authority

ment and mateurement proent Policy.

ess of $75,00rmance with

ract for goodwith the Trator is autho

in the Tra

Authority maCity and Coubehalf of the

ADMI

a tie vote inirperson, wh

hall appoint shall include icy organizatneighborhooe residents ohise CommitThe staff o

Thise Comm

the mission sion and pr

TransportatiB, as amendeconsistent w

s and evalua

y may appoi

erials in exceocess in con

00 shall be awh the Transp

ds and servicansportation orized to amansportation

ay contract unty of San

e Transportat

NISTRATIVE CO

ORDINANCE 1

Pa

n any Transho is present

eleven memrepresentati

tions, labor, ds, and refleof San Francttee shall meof the Transmittee shall a

and prograrogram back

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ess of $75,00nformance

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itiating a to render ty.

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lect the Disad as permittrity.

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Pa

al Business Eisions adopte

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tal Quality Aand pursuanntal Quality e California

ate shall not it may be incovision is am

of the Transof any incon

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tion of envirormed by stansportation A

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a lead agency

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ODE 15-XX

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Enterprise ed by the

Act, Public nt to the

Act, as Code of

invalidate consistent

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ronmental aff of the Authority.

nt CEQA

(EIR) is

have an cy or as is

y or as is

alf of the d

46

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.5.4. List of

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l projects ann Authority,rs (“Board”)

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rtation Authm CEQA. Th

th copies senEQA.

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initial study ltation with the Transpo

st concerning

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on the analydetermine, bnce that anonment, and

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n a negative dportation Auulation shall b

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ation with fedth CEQA an

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ORITY

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NISTRATIVE CO

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Pa

when project y Act (“NEPA

rojects excluprojects mabe consider

by-case basisin the officeAuthority’s

which are catf the Transn accordance

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mination may

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nsportation Ar there is suficant effectbe prepared.

rations.

at the directicontents, no

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review is A”).

uded from ay change red totally s. The list es of the Board of

tegorically sportation e with any

EQA, an an EIR is ct. If it is be made

tents and the initial wledge or

pursuant

Authority ubstantial t on the

ion of the otice, and

l negative cess, and,

eclaration, aration, it

47

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shall athe pravoid

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also adopt a roject that itsignificant en

the Board hority may fileies in which

mination shalrch.

.5.8. Draft E

s determinedan EIR is rration and sA.

EIR shall be EIR shall firsransportationrning the pro

n the draft EImpletion andomment perhall be availa

c participatiow, and writtenc comment pal stage of ter it may deects under forit their comm

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al EIR shall portation Aued during tble.

e judgment ots the indepeletion in comg as to wheth

nvironment.

.5.10. Action

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program fort has either rnvironmenta

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h the projectll also be file

Environmen

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prepared byst be preparen Authority moject and sha

IR has been d shall proviriod on draftable to the ge

on, both forn commentsperiod. The the review pem approprirmal review.

ments in writi

Environmen

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ns on Projec

ORITY

r reporting orequired or al effects.

to carry outof determinat is to be loed with the C

ntal Impact

ect may havee Transportll requiremen

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prepared, thide public no

ft EIRs shall eneral public

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ntal Impact

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ect as propos

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on or monitomade a con

t or approveation with thocated. If reCalifornia G

Reports.

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meet the reupon filing o

formal, shallcepted at anytion Authoritond the noty maintain aof the generas possible.

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nce with CEQe draft EIR, d additional

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The certificatised will, or w

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oring the midition of ap

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ORDINANCE 1

Pag

itigation meapproval to m

ct, the Translerk in the cCEQA, the

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the environmprepare a N

ulation as req

nsportation Ation of the dknowledge orements.

rity shall files required byof CEQA. T

ice of Ccomp

raged at all the conclusipublic notic

d by CEQAas to the sta

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ate and objecBoard shall

pletion shall a significant

ODE 15-XX

e 10 of 12

asures for mitigate or

sportation county or notice of

nning and

ment and Notice of quired by

Authority. draft EIR, or interest

a Notice y CEQA. The draft pletion.

stages of on of the ce at any A, in any atus of all uraged to

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y become

ctive, and certify its contain a effect on

48

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TY TRANSPORT


e making its w and considmake finding

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ortation AutCEQA, or ifwill be condt forth in thi

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e such a moded or categodetermined ted. If the pstudy shall b

e such a moadopted or uate the propuation, the TA, that no adns supportinger evaluationonal environe decision byfied. CEQA emental or su

.5.13. Multip

oncept of a or of differ

ct permits alls duplication

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one initial stu

TATION AUTHO

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decision wher the informs as required

has decided e a notice othe project

information ll also be file

ional Enviro

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uation of Mo

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posed projecTransportati

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sets forth subsequent EI

ple Actions

project is brent kinds ml the ramificof review.

valuation of

udy, negative

ORITY

hether to carrmation contad by CEQA.

to carry ouof determina

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onmental R

e Board deteons to a proovided by C5.

odified Proje

d project has uation of the

occurs as tompt, a new dded or categotermined notd as provided

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vironmental rination shall

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on Projects

broadly definmay often cocations of a

projects and

e declaration

ry out or appained in the E

ut or approvation with thcated and as CEQA. If r

California G

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ermine that aoject require CEQA and in

ects.

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whether to cairements forary, as well as

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ned by CEQAonstitute a spublic action

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prove the prEIR environm

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additional envadditional e

n accordanc

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which a nege Transportdification. If

es, based on cessary, this d

writing in thrtation Authvaluation shaarry out or apr the determs the applicab

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of EIRs sha

l be required

NISTRATIVE CO

ORDINANCE 1

Pag

roject, the Bomental docum

t, the Transerk of the c

y CEQA. SuCEQA, the

Office of Plan

vironmental environmentae with the a

tantial modifi

en determinmade. If the pher evaluationegorically ex

gative declartation Authof, on the basi

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all be complepprove the p

mination of wble process.

multiple actioct. This concnsidered toge

all be emphas

for each pro

ODE 15-XX

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oard shall ment and

sportation county or ch notice notice of

nning and

review is al review, applicable

fication of

ned to be project is n shall be xempt, an

ration has ority shall is of such

ements of n and the d, and no

mines that eted prior project as whether a

ns of the cept of a ether, and

sized.

oject.

49

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d) Only oboth tout orlead ag

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nsportation Aents thereto.

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TY TRANSPORT


one evaluatiothe Transporr approve a pgency, which

A provides thmore than ononmental effred for an earojects are ess

ence is madcts, related prng and planne

.5.14. Severa

y article, sector any part tctive by anyon shall not

d hereby decraph, sentencarticles, secti

nstitutional or

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e or in part bof such de

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severability in the futureo.

NG OF THE AD

Authority ma

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hat a single ine project, ifects. Furtharlier projectsentially the

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ability.

tion, subsectithereof, is foy court of ct affect the clares that ice, clause orions, subsectr invalid or in

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MINISTRATIVE

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ORITY

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ORDINANCE 1

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n is performQA.

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y person, ffective in gency, the umstances ovision to

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ubsequent

of the San he official

50

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Rule 1.1

Rule 1.2

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Rule 1.4

Rule 1.5

Rule 1.6

Rule 1.7

Rule 1.8

Rule 1.9

Rule 1.10

Rule 1.11

Rule 1.12

Rule 1.13

Rule 1.14

Rule 1.15

Rule 1.16

Rule 1.17

NCISCO COUNT

5\Memos\01 Jan\Poli

As used irespective

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CHAPTE

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RULES OF OR

RESOLUTION 1

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e meanings re

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Rule 1.18

NCISCO COUNT

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“Rules” Authority

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RULES OF OR

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52

SAN FRAN

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Rule 2.1

Rule 2.2

Rule 2.3

Rule 2.4

Rule 2.5

Rule 2.6

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NCISCO COUNT

5\Memos\01 Jan\Poli

Adoption oan affirmsuch RulChair or of order

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of Rules of Ordmative recordles shall remcommittee cin the Board

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tings shall be

oard shall be

Board shall 9 commenci

de) and the T

ce. In the evother approp

ORITY

RGANIZATION

es of Order (a majority oft unless suspopt temporar

ule and Rulethese Rules

) members umous consent

suspend the

amendmentsrecommend

estion or poi

Annually at thmbers of the portation Aus or her elec

All proceedin of the Bay Asion 12.5 of n ReauthorizcommencingCode of thinistrative Cn for San f the Board o

by the Boardday of each mliday, the me held in Roo

e expressed

be conducteng with Sect

Transportatio

vent of the repriate place a

N AND MEE

(Rules) shall f the membepended or ary rules to ad

es which areby an asteri

unless there t of the meme rules is not

s to the Ruledation to the

int of order

he first mee Board of Couthority. Thction at the s

ngs of the TrArea Trafficthe Californ

zation Authg with Sect

he City and Code, and th

Francisco aof Superviso

d, regular memonth in the eeting shall bom 263 of Cit

by motion,

ed in the mation 54950 ofon Authority’

egular meetias its tempora

ETINGS

be adopted ers of the B

amended as pddress a spec

e restatementsk, any rule be less tha

mbers presentdebatable.

es shall be reBoard for ad

not containe

ting of the Bommissioner

he newly apsame meetin

ransportationc and Transpnia Public Utority Ordination 1401 o

County of he Transportadopted togeors by the vo

eetings of thLegislative C

be held on thty Hall.

resolution o

anner prescrif Part 1 of D’s adopted Su

ing place is uary meeting p

RULES OF OR

RESOLUTION 1

Pa

by motion cBoard. When

provided hecific situation

ts of other amay be susp

an eight (8) t, but not les

eferred to thedoption.

ed in these R

Board in Janrs shall elect ppointed Chng (Section 1

n Authority sportation Funtilities Code]ance, as ame

of the San FSan Franci

tation Authoether with Boters on Nov

he Board shalChamber of he following

or ordinance

ibed by the Division 2 of unshine Polic

unavailable, tplace.

RDER 15-XX

ge 3 of 14

carried by adopted,

rein. The n or point

applicable pended by

members s than six

e Finance

Rules, the

nuary, the the Chair

hair shall 131260 of

shall be in nding Act ], the San ended by Francisco isco), the

ority New Board of vember 4,

ll be held City Hall.

g business

e (Section

Ralph M. Title 5 of cy.

the Chair

53

SAN FRAN

DRAFT

M:\Finance\201

Rule 2.8

Rule 2.9

Rule 2.10

Rule 2.11

Rule 2.12

Rule 2.13

Rule 2.14

Rule 2.15

NCISCO COUNT

5\Memos\01 Jan\Poli

Special Mcalled, su

AttendancerespectivBoard ormembers

*Quorum. Aof busineof a majo

Rights of tpresentedcall of th

Call of theone of itchair andby specia

When theor Roommember

During abusiness matter in

Permissionsession if

*Power anpowers a

To pre

To apTransp

To de

To siAutho

To pAutho

The ViceChair (Se

Permissionpower an

TY TRANSPORT


Meetings of theubject to the R

e at Meetingve seats at thr one of its s and shall re

A majority oess, and all oority of the m

the Members d and no offe Board or c

Board or Coms committee

d be broughtal messengers

e Board or om 263 withois excused.

a call of themay be trans

n connection

n to Leave Meef the departu

nd Duties of Cand duties:

eside at all m

ppoint the mportation Au

cide the agen

gn contractsority; and

erform suchority.

e-Chair shall ection 3 of th

n to Remove nd duty to o

TATION AUTHO


e Board. A sRalph M. Br

s. All membe hour appocommittees.

eport such rec

of the membfficial acts of

members of th

Less Than Quoficial action ommittee, to

mmittee. Whets, those abset to the Legis appointed f

one of its comout an annou

Board or osacted as usuwith which t

eting. No meure would cau

Chair and Vice

meetings;

embership authority, exce

nda of Board

s, deeds, an

h additional

perform thhe Administr

Disruptive Peorder remove

ORITY

special meetiown Act, by

bers of the ointed for eac The Clerk cord in the m

ers of the Bof the Transpohe Board (Se

orum. In the shall be take

o reschedule

ther there beent membersslative Chamfor the purpo

mmittees is uuncement fr

one of its coual, except ththe call was m

ember shall leuse the loss o

e-Chair of the

nd the cChaept for the Ci

d meetings;

nd other ins

duties as

e duties of tative Code).

ersons. The Bed from the

ing of the Bthe Chair.

Transportach regular, sshall keep a

minutes.

oard constituortation Authection 13126

absence of aen by the methe same me

e a quorum os shall be sen

mber or to Roose.

under call, norom the Ch

ommittees, what no actionmade.

eave the Boaof a quorum.

Board. The

air and vViceitizens Advis

struments o

may be de

the Chair in

Board or comeeting roo

Board of Co

ation Authorspecial or reca record of t

utes a quoruthority requir2 of the Cod

a quorum noembers preseeting, to rec

or not, upon nt for by theoom 263 for

o member shhair or comm

when there in shall be take

ard or comm

Chair shall p

e-Cchair of tsory Commit

on behalf of

esignated by

the absence

ommittee Chom any pers

RULES OF OR

RESOLUTION 1

Pa

ommissioners

rity shall becessed meetinthe attendan

um for the trre the affirmade).

o informationent except toess or to adjo

a call of the e Board or cor committee

hall leave the mittee Chair

is a quorumen with respe

mittee meeting

possess the

the committettee;

f the Trans

y the Trans

e or incapaci

hair shall poon who com

RDER 15-XX

ge 4 of 14

s may be

e in their ng of the ce of the

ransaction ative vote

n may be o order a ourn.

Board or ommittee meetings

Chamber that the

m present, ect to the

g while in

following

ees of the

sportation

sportation

ity of the

ossess the mmits the

54

SAN FRAN

DRAFT

M:\Finance\201

NCISCO COUNT

5\Memos\01 Jan\Poli

followingcommitte

Disordermember

A breachdue and o

Disobediseated or

Any othe

Any perswhich remvote of tenforcem

Any law services given by or comm

In additiohas violalaw enfoSection 4shall caupresiding

TY TRANSPORT


g acts in respee:

rly, contempthereof, tend

h of the peacorderly cours

ience of any r to refrain fr

er unlawful in

son so remomoved, unlethe Board o

ment officer o

enforcementare requestethe presidin

mittee meeting

on to effectinted the order

orcement off403 or Sectiouse such persg officer.

TATION AUTHO


pect to a regu

tuous or insding to interr

ce, boisterouse of said me

lawful order rom addressin

nterference w

oved shall bess permission

or committeeor officers up

t officer or od by the preg officer for g.

ng removal or and decoruficer or officon 415 of thson to be pr

ORITY

ular or specia

solent behavrupt the due

us conduct oeeting;

of the presidng the Board

with the due a

e excluded fn to attend be, and such pon being so

officers on duesiding officthe purpose

of any personum of any mcers to place California rosecuted th

al meeting of

vior toward and orderly c

or violent dis

ding officer, d or committ

and orderly c

from furtherbe granted upexclusion sh requested by

uty and in atcer shall carre of maintain

n who, in themeeting, such

e such persPenal Code,

herefore, the

f the Board o

the Board ocourse of sai

sturbance ten

which shall itee, and

course of sai

r attendance pon motion ahall be effecy the presidin

ttendance at try out all orn order and d

e opinion ofpresiding ofon under ar, or any othecomplaint t

RULES OF OR

RESOLUTION 1

Pa

or a standing

or committeid meeting.

nding to inte

include an or

d meeting.

at the meetadopted by a

cted by attenng officer.

the meeting rders and insdecorum at t

f the presidinfficer may rerrest for vioer applicableto be signed

RDER 15-XX

ge 5 of 14

g or select

ee or any

errupt the

rder to be

ting from a majority ndant law

or whose structions the Board

ng officer, quest any

olation of e law, and d by such

55

SAN FRAN

DRAFT

M:\Finance\201

Rule 3.1

Rule 3.2

Rule 3.3

Rule 3.4

Rule 3.5

Rule 3.6

NCISCO COUNT

5\Memos\01 Jan\Poli

Call to Ordregular, adafter the Authority of those mcall and thabsence o(15) minushall elect the author

Order of Bu

1. Roll C

2. Appr

3. Chair

4. Execu

5. Cons

6. Old B

7. Intro

8. Publi

9. Adjou

Addressing rise in plrecognizedMembers

Member EnBoard, the

The commcommitteepresentati

CalendarAgreview andmay requecommitteerefer the ibe schedu

Calling of grouped)

TY TRANSPORT


CHAP

er and Roll Cdjourned, reccall to orderand shall re

members prehose absent.

of both the Cutes from the

one of theirrity of the Ch

usiness. The n

Call

roval of Minu

r’s Report

utive Directo

ent Agenda

Business

duction of N

ic Comment

urnment

the Board. Wlace or raised shall proceshall not be

ntitled to Floor.e presiding o

mittee chair,e, shall be acon concernin

enda. Prior d finalize witest of the Che meeting thissue to com

uled.

Items. The Cwhen the qu

TATION AUTHO


TER 3. BOAR

all. The Chacessed or sper, the Clerk cord those mesent as well In the abseChair and the scheduled or members tohair. The pre

normal Orde

utes

or’s Report

New Items

When a membe his or hereed to speakrecognized w

. When two fficer shall d

, or in his ccorded priong any matte

to preparatioth the Chair hair in writinhat an item b

mmittee withi

Chair shall duestion is call

ORITY

RD RULES A

air shall presiecial meetingshall call the

members preas those me

ence of the Che Vice- Chaonset of the

o act as Chairesiding office

r of Business

ber desires tr microphonk, confining when away fr

(2) or more mdesignate the

or her abseority in addrer submitted t

on of the call matters t

ng ten (10) bbe included on a reasonab

decide whethled, unless a

AND PROCED

ide at all Bog to order at e roll of the

esent and shaembers who Chair, the Viair, the memmeeting, by

r pro temporer shall proce

s for the Boa

to address thne, address discussion to

rom their sea

members arimember wh

nce or forbessing the Boto the Board

calendaragento be considebusiness dayson the calenble time or a

her items mamember req

DURES

oard meetingthe appoint

e members oall enter in tharrive subse

Vice-Chair shmbers presenty an order enre, who, whileed with the O

ard shall be a

he Board, thethe presidino the questioats.

ise at the samo is entitled t

bearance anooard for the d by the comm

da, the Exeered at the ms prior to the

ndaragenda. Tadvise the me

ay be acted quests that th

RULES OF OR

RESOLUTION 1

Pa

gs, and shall ted hour. Immof the Transhe minutes thequent to theall preside ant after waitinntered in thele so acting, sOrder of Bus

as follows:

e member shng officer, aon before th

me time to adto the floor.

other membepurpose of

mittee.

ecutive Direcmeeting. Anye scheduled The Chair shember why i

upon individhey be separa

RDER 15-XX

ge 6 of 14

call each mediately

sportation he names e first roll nd in the ng fifteen e minutes, shall have siness.

hall either and when he Board.

ddress the

er of the making a

ctor shall y member Board or

hall either it will not

dually (or te.

56

SAN FRAN

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M:\Finance\201

Rule 3.7

Rule 3.8

Rule 3.9

Rule 3.10

Rule 3.11

Rule 3.12

Rule 3.13

Rule 3.14

Rule 3.15

NCISCO COUNT

5\Memos\01 Jan\Poli

Reading Twhen thepublic the

Introductiodecide wDirector

*Measurescalendaraof the Bo(ii) by a tare presentake immposted (S

Action by Mcommittedirectivesthe line oor commTranspor

Unless ofor adoptor comm

*All othemembersCode, or

Motions tomotions acknowle

Motion Nosecond, a

Division ofdivided ifmore subeach prooffered al

Seriatim Cconnectesection owhole sha

The Previo(3) memb

TY TRANSPORT


itles. The Cle abbreviatede nature of th

on of Measurehich items sshall prepare

s Not on the agenda, the Board that an two-thirds vont, a unanim

mediate actionSection 54954

Motion. All reee, actions os to the stall of the officialmemorative rtation Autho

therwise protion the affir

mittee, there b

er motions ss of the Tranother applic

o be Stated aare to be sec

edge member

ot Required. Tall measure re

f the Questionf it includes pbstantive prooposition shalone.

Consideration. d, any mem

or paragraph all then be vo

ous Question. Tbers, and if

TATION AUTHO


lerk may read working whe measure.

es. Unless prhall be refer

e a précis of e

CalendarAgenBoard shall aemergency eote of the fuous vote of tn and that th4.2 of the Go

esolutions, orn matters wstaff of the l duty, adoptnature, and

ority’s legal c

ovided by thermative vote being present

hall require nsportation Acable law (Sec

and Secondedconded unlers as they ma

The Board secommended

n. On the depropositions oposition shaall then be c

When a meber may havmay be am

oted upon.

The previousthe motion

ORITY

ad abbreviatewill clearly e

rovided for rred to whicheach item to

nda. Before cdopt a motio

exists, as defiull membershthose membehe need to taovernment C

rdinances, pawhich concern

Transportatition of the and such othounsel, may

ese Rules, a mof at least a

t not less tha

for adoptionAuthority, excction 131262

d. The Clerkss provided

ake motions a

shall consided to the Boar

emand of anso distinct in

all remain foconsidered a

easure underve the matte

mended while

s question shcarries, its e

ed titles of mexpress to th

by the Admh committeebe considere

considering on (i) by majined in Govehip, or if lessers present, dake action arCode).

arliamentary n only the inion Authoritnnual report

her actions be accompli

motion of a majority of

an a quorum.

n the affirmacept as other

2 of the Code

k shall state for otherwisand seconds.

er, without trd by the Com

ny member, n substance

or the decisioand voted u

r debate incler considerede being cons

hall only be aeffect shall b

measures onhe members

ministrative Ce or to the Bed by the Bo

an item of jority vote ofernment Cods than two-thdetermining rose after the

actions, all rnternal functty to performt, inquires, ac

as may bished by mot

parliamentarthe member

ative vote ofrwise providee).

all motions se in these R.

the necessitymmittee.

the Chair sthat one beinons of the B

upon separat

ludes points d by section sidered, and

admitted whbe to termin

RULES OF OR

RESOLUTION 1

Pa

n the calendaand to the

Code, the CBoard. The Eoard.

business nof the full mede Section 54hirds of the that there is

e calendar ag

recommendattioning of th

m some specictions of a cee approvedtion.

ry nature shas presentof t

f a majority ed by these R

prior to deRules. The C

y for a motio

hall order a ng taken awaBoard. Whentely as if it

which are uor paragrapthe proposi

en called fornate all debat

RDER 15-XX

ge 7 of 14

ar agenda listening

hair shall Executive

ot on the mbership

4956.5; or members a need to

genda was

tions of a he Board, ific act in eremonial

d by the

all require the Board

of all the Rules, the

ebate. All Chair shall

on and a

question ay, one of n divided, has been

ultimately phs. Each ition as a

r by three te on the

57

SAN FRAN

DRAFT

M:\Finance\201

Rule 3.16

Rule 3.17

Rule 3.18

Rule 3.19

Rule 3.20

Rule 3.21

Rule 3.22

NCISCO COUNT

5\Memos\01 Jan\Poli

matter peshall havimmediat

It shall reprevious

The prevnow put?

WithdrawaBoard. Bconsent o

Reconsideany memquestion.

To be recvote on been ann

Rescind. Wthe same done as a

*Voting Revote for of interes87100 et

No memvote is an

*A tie vo131262 o

Vote to be membersMinutes,

Identificatidentificameasures

Dispositionreceived b

Communcalendar

Communthe Clerk

TY TRANSPORT


ending, exceve the righttely put to a v

equire a twoquestion.

vious questio?”

al of Motion. ABefore it is acof a majority

ration. Whenmber voting

corded as haany question

nounced.

When a vote meeting for

a result of the

equirements anor against it st which shalseq. of the G

mber shall be nnounced.

ote on any mof the Code).

Entered in thes who voted and the vote

ion, Filing aation. Thereas.

n of Communicby the Clerk

nications receagenda for th

nications recek at the Board

TATION AUTHO


ept that the at to close avote.

-thirds vote

on shall be p

After the mocted upon, aof the memb

n a motion hwith the p

aving voted wn, a member

has been takr any membee vote which

nd Procedure. unless prohi

ll be discloseGovernment

permitted to

matter before

e Minutes. Affor and tho

es by ayes and

nd Indexing. after, the Cl

cations. Comwhen presen

eived prior tohe next follo

eived after thd meeting.

ORITY

author or mand the que

of the memb

ut in the fol

otion has beea motion mabers present.

has been madrevailing sid

with the prevr may change

ken by the Ber to move to is impossibl

*Every memibited from v

ed (Section 1Code, and al

o vote upon

e the Board

fter the Boardse who voted noes shall b

The Clerk lerk shall m

mmunicationsnted to the T

o the printingowing Board

he printing o

mover of the estion under

bers present

llowing form

en stated, it ay be withdr.

de and carriede to move

vailing side, ine a vote bef

Board and caro rescind thale to undo.

mber present voting by ap090 et seq. oll other relev

a question u

shall be dee

d has voted ed against thebe recorded

k shall assigmaintain a leg

shall be timTransportatio

g of the calemeeting.

of the calend

measure, mr discussion

to adopt a m

m: “Shall the

shall be in trawn by the

ed or lost, itto reconsid

n order to mfore the resu

rried or lost, at vote unles

when a meapplicable law of the Govervant laws or r

until the roll i

med to be a

upon any mae question shin the minut

gn to all mgislative reco

me- stamped on Authority’

ndar agenda

ar agenda sh

RULES OF OR

RESOLUTION 1

Pa

motion or am shall there

motion callin

previous qu

the possessiomover only

t shall be in der the vote

move to reconult of the rol

it shall be ins something

asure is put fbecause of

rnment Coderegulations).

is called or b

a disapproval

atter, the namhall be entertes.

measures apord and ind

and shall be’s office.

shall be not

hall be summ

RDER 15-XX

ge 8 of 14

mendment eupon be

ng for the

uestion be

on of the with the

order for e on that

nsider the ll call has

n order at has been

forth shall a conflict e, Section

before the

l (Section

me of the red in the

ppropriate dex of all

e deemed

ed on the

marized by

58

SAN FRAN

DRAFT

M:\Finance\201

Rule 3.23

Rule 3.24

Rule 3.25

Rule 3.26

NCISCO COUNT

5\Memos\01 Jan\Poli

*Posting othe calenmeasure to reach Board mconsidere

In the caoutside R

Minutes. M

*Meetingsmay ordeto be disCode).

*Public Cocalendar meeting Board onmeeting Membersnumber ominutes (

TY TRANSPORT


of the Calendandar agenda to be considnotificants neeting and twed (Sections 5

se of a reschRoom 244 in

Minutes will b

to Be Public. er a meeting scussed in cl

omment. Any agenda befoshall providen items of ithat are wits of the pubof minutes as(Section 5495

TATION AUTHO


rAgenda. The to all personered, and sucnot later thatwenty-four (59454.2, 549

heduled meetiCity Hall.

be kept of ea

Every Boardto be held inosed session

member of re it is actede an opportinterest to thhin the subj

blic may adds set by the C54.3 of the G

ORITY

Clerk shall ns known orch notice sha

an seventy-tw(24) hours b

956 of the Go

ing, notice o

ach Regular a

d meeting shan the closed sn by State law

the public i on by the B

tunity for mhe public wject matter j

dress the BoChair. The ChGovernment

post the caler presumed all be initiatewo (72) hourbefore any spovernment C

of the resched

and Special m

all be open tsession for cw (Section 5

is entitled toBoard. In addembers of t

which have njurisdiction

oard for up thair may limiCode).

endar agendto be intere

ed so as to bers before anpecial meetin

Code).

duled new m

meeting by th

to the public consideration54957 et seq

o comment odition, the lathe public tonot been disof the Tranto three (3) it the total te

RULES OF OR

RESOLUTION 1

Pa

a and send aested in the e reasonably

ny regularly sng is schedu

meeting shall b

he Clerk.

except that n of matters pq. of the Gov

on any matteast item at eao directly adscussed earli

nsportation Aminutes or

estimony to t

RDER 15-XX

ge 9 of 14

a copy of particular

y designed scheduled

uled to be

be posted

the Chair permitted vernment

er on the ach Board ddress the ier in the Authority.

for such thirty (30)

59

SAN FRAN

DRAFT

M:\Finance\201

Rule 4.1

Rule 4.2

Rule 4.3

Rule 4.4

Rule 4.5

NCISCO COUNT

5\Memos\01 Jan\Poli

Call to Ordshall call Immediatand shall membersthose abpresiding

Order of B

1. Roll c

2. Appr

3. Cons

4. Old B

5. Intro

6. Publi

7. Adjou

Standing Cand the committe

Any memthe memresult in committe5.2 of thwith respcounted

In the evambiguouhave juris

*Committeeach year

*Chair as Nthe ChairChair shaconstitutebut not aof the coacts of tmembers

TY TRANSPORT


CHAPTE

der and Roll Ceach regular,tely after therecord thos

s present as wsent. In the

g officer shall

usiness. The

call

roval of Minu

ent Agenda

Business

duction of N

ic Comment

urnment

Committees, Gmatters to bees may be es

mber of the bers of the sa quorum ofee shall be ene Administra

pect to the Cfor purposes

vent that thus, or not stsdiction over

ee Chair. The r (Section 3 (b

Non-Voting, Exr shall serve oall serve as ae a quorum. acting as a voommittee shathe committs of the comm

TATION AUTHO


R 4. COMMIT

Call. The com, adjourned, e call to ordee members pwell as thosee absence ofl proceed wit

normal Orde

utes

New Items

eneral Rules. Tbe referred tstablished as

Board who isaid committef the Board mntitled to voative Code an

Chair, the pars of determin

he scope of tated, the Chr a particular

committee b) of the Adm

x-Officio Membon each coma voting meIn the case

oting membeall constitutetee shall reqmittee (Sectio

ORITY

TTEE RULES

mmittee chairrecesses or ser, the Clerk present and e members wf the commth the Order

er of Busines

The standingto each are provided in

is not a memee in its delib

membership ote, except thnd Rule 4.5

rticipation of ning whether

committee ahair shall detmatter.

chair will beministrative

ber. In additiommittee as a nember when

of a tie voteer, may cast te a quorum fquire the affon 5.2 if the

S AND PROC

r shall presidspecial meetink shall call thshall enter in

who arrive sumittee chair,

of Business.

ss for commi

g committeeset forth in Section 5.2 o

mber of an aberations probeing presen

hat the Chairbelow, on su

f a non-mema quorum o

assignments termine and

e appointed Code).

on to the regnon-voting, e

his or her pe in any comthe deciding for the transfirmative votAdministrati

CEDURES

de at all comng to order a

he roll of then the minuteubsequent tothe vice-cha.

ittees shall b

s of the Tranthe Admini

of the Admin

assigned comovided such pnt, however, r may vote auch matters i

mber of the cof the commit

may be condesignate w

by the Chai

gular membeex-officio mepresence is n

mmittee, the vote. A maj

saction of bute of a majive Code).

RULES OF OR

RESOLUTION 1

Pag

mmittee meetat the appoine committee es the nameso the first rolair shall pres

e as follows:

nsportation Aistrative Codnistrative Co

mmittee may participationonly membe

as provided inin committeeommittee shttee is presen

nflicting, ovewhich commi

ir at the beg

ers of each coember, excepnecessary in Chair who i

jority of the usiness and aority of the

RDER 15-XX

e 10 of 14

tings, and nted hour. members

s of those ll call and side. The

Authority de. Select

ode.

join with n does not ers of said n Section e. Except all not be nt.

erlapping, ittee shall

ginning of

ommittee, pt that the

order to is present members

all official e quorum

60

SAN FRAN

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M:\Finance\201

Rule 4.6

Rule 4.7

Rule 4.8

Rule 4.9

Rule 4.10

Rule 4.11

Rule 4.12

Rule 4.13

Rule 4.14

Rule 4.15

Rule 4.16

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5\Memos\01 Jan\Poli

Time of Mthe beginpriority. Wshall be r

Meeting Ffor meetiCommitt

CalendarAgand finali

Calling of individuaseparate.

Reading thwhen thepublic the

Introductioconsidere

*MeasurescalendaramembersSection 5the membthere is acalendar

Action by Mcommittedirective line of ocommemAuthority

Motion to committemake mo

Division ofquestion away, oneWhen divhas been

Seriatim Cconnecte

TY TRANSPORT


eeting. Everynning of his Whenever a escheduled a

Frequency. Thing at least oee which sha

genda. Prior tize with the c

Items. The ally (or group

he Titles. Thee abbreviatede nature of th

on of Measureed by the com

s Not on the agenda, the ship of the c54956.5; or (ibers are presa need to takagenda was p

Motion. All reee, actions oto the staff

official duty, morative natuy’s legal coun

be Stated. Tee shall requiotions.

f the Questiondivided if it

e or more suvided, each poffered alon

Consideration. d, any memb

TATION AUTHO


y committee or her appomeeting fall

at the discreti

he regular schonce a monall meet only

to preparatiocommittee ch

committee ped) when th

Clerk may rd wording whe measure.

es. The Execmmittee.

CalendarAgencommittee

committee thii) by the twosent, by a unke immediatposted (Secti

esolutions, orn matters wof the Tranadoption o

ure, and sucnsel, may be a

The Clerk shire a second.

n. On the det includes prubstantive prproposition sne.

When a meber may hav

ORITY

shall meet atintment, or ls on a holidion of the co

hedule of thth for each at the call of

on of a calendhair all matte

chair shall e question is

read abbreviwill clearly e

cutive Direct

nda. Before cshall adopt

hat an emergo-thirds voteanimous vot

te action andion 54954.2 o

rdinances, pawhich concernnsportation Aof the annuah other actiaccomplished

hall state all The commi

emand of anyropositions sopositions shshall then be

easure underve the matter

t the time seta majority o

day or a quoommittee cha

he standing cof the commf the Chair.

daragenda, thers to be con

decide whes called, unle

iated titles ofexpress to th

tor shall pre

considering a motion

gency exists, e of its memte of those md that the neof the Gover

arliamentary n only the in

Authority to al report, inqions as may d by motion

motions priittee chair sh

y member, tso distinct inhall remain f

e considered

r debate inclr considered

t by the Chaof the commorum does noair.

committee mmittees, exce

he Executivesidered at th

ether items ss a member

f measure onhe members

epare a préci

an item of (i) by majoras defined i

mbers, or if lemembers preseed to take arnment Code

actions, all rnternal functperform som

quiries, actioy be approve.

ior to debathall acknowle

the committen substance for the decisiand voted u

ludes points d by sections

RULES OF OR

RESOLUTION 1

Pag

air, committeittee, in thatot result, the

meetings shalept for the P

e Director she meeting.

may be actr requests tha

n the calendaand to the

is of each ite

business nority vote ofin Governmess than two-sent, determiaction arose e).

recommendattioning of thme specific aons of ceremed by Trans

te. No motioedge member

ee chair shalthat one beiion of the co

upon separate

which are us or paragrap

RDER 15-XX

e 11 of 14

ee chair at t order of e meeting

ll provide Personnel

all review

ted upon at they be

ar agenda listening

em to be

ot on the f the full ent Code -thirds of ining that after the

tions of a he Board, act in the monial or sportation

on in the rs as they

ll order a ing taken ommittee. ely as if it

ultimately phs. Each

61

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Rule 4.17

Rule 4.18

Rule 4.19

Rule 4.20

Rule 4.21

Rule 4.22

Rule 4.23

Rule 4.24

Rule 4.25

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5\Memos\01 Jan\Poli

section owhole sha

Withdrawacommitteconsent o

Reconsideany memquestion.

To be recvote on abeen ann

Rescind. Wat the sambeen don

*Voting Revote for of interesCode Sec

No memvote is an

A tie votthat the C

Vote to beof the methe Minu

Identificatidentificameasure.

Minutes. M

*Posting ocalendar to be connotificantmeeting o54956 of

*Public Cocalendar Authoritycommittepublic to

TY TRANSPORT


or paragraph all then be vo

al of Motion. Aee. Before it iof a majority

ration. Whenmber voting

corded as haany question

nounced.

When a vote me meeting

ne as a result

equirements anor against it st which shaction 87100 e

mber shall be nnounced.

te on any maChair may br

Entered in thembers who

utes, and the v

ion, Filing aation. Therea

Minutes will b

of CalendarAgeagenda to all

nsidered, andts not later or twenty-fo

f the Governm

omment. Any agenda whi

y before it ee meeting p directly add

TATION AUTHO


may be amoted upon.

After the mois acted uponof the memb

n a motion hwith the p

aving voted wn, any memb

has been takfor any memof the vote w

nd Procedure. unless prohi

all be discloseet seq. and all

permitted to

atter before treak a tie vote

he Minutes. Afvoted for anvotes by ayes

nd Indexing. after, the Cl

be kept of ea

enda. The Clel persons knod such noticethan seventyur (24) hourment Code).

member of ich is withinis acted on

prior to adjoudress the com

ORITY

mended while

otion has ben, a motion mbers present.

has been madrevailing sid

with the prever may chan

ken by a commber to movwhich is impo

Every memibited from ved (Governml other releva

o vote upon

the committee as provided

fter the comnd those whos and noes sh

The Clerk lerk shall m

ach Regular a

erk shall posown or presue shall be inity-two (72) hrs before a sp

the public in the subjec by the comurnment shalmmittee on it

e being cons

een stated it may be withd.

de and carriede to move

vailing side, innge a vote be

mmittee and ve to rescindossible to un

mber present voting by apment Code Sant laws and

a question u

ee shall be dd in Rule 4.5

mmittee has vo voted againhall be record

k shall assigmaintain a leg

and Special m

t the calendaumed to be intiated so as tohours before pecial meetin

is entitled toct matter jummittee. In ll provide antems of inter

sidered, and

shall be in tdrawn by the

ed or lost, itto reconsid

n order to mefore the resu

carried or lod that vote u

ndo.

when a motpplicable law Section 1090 regulations).

until the roll i

deemed to be.

voted upon anst the questided in the M

gn to all mgislative reco

meeting by th

ar agenda annterested in to be reasonaa regularly

ng is schedul

o comment ourisdiction o

addition, thn opportunityrest to the p

RULES OF OR

RESOLUTION 1

Pag

the proposi

the possessioe mover only

t shall be in der the vote

move to reconult of the rol

ost, it shall beunless some

tion is put fobecause of

et seq., Gov.

is called or b

e a disapprov

any matter, thion shall be e

Minutes.

measures apord and ind

he Clerk.

nd send a cothe particularably designedscheduled coled (Sections

on any mattef the Transhe last itemy for membe

public which

RDER 15-XX

e 12 of 14

ition as a

on of the y with the

order for e on that

nsider the ll call has

e in order thing has

forth shall a conflict vernment

before the

val except

he names entered in

ppropriate dex of all

py of the r measure d to reach ommittee s 54954.2,

er on the sportation

m at each ers of the have not

62

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5\Memos\01 Jan\Poli

been discTransporthree (3) may limit

TY TRANSPORT


cussed earlierrtation Authominutes or

t the total tes

TATION AUTHO


r in the meeority. Membfor such num

stimony to th

ORITY

eting that arebers of the pmber of minhirty (30) min

e within the public may anutes as set bnutes (Section

subject mattaddress the by the chair. n 54954.3 of

RULES OF OR

RESOLUTION 1

Pag

ter jurisdictiocommittee fThe commi

f Governmen

RDER 15-XX

e 13 of 14

on of the for up to ittee chair nt Code).

63

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Rule 5.1

Rule 5.2

Rule 5.3

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5\Memos\01 Jan\Poli

Conduct ofimpute tunbecom

Smoking P

Honors isscategorie

1. EngroTranswith tthe St

2. Certif(5) Ccaccor

a) Nw

b) Ep

c) Dmp

3. Letteof Re

4. The Eeach by th

5. TheresoluBoard

TY TRANSPORT


f Members. No another m

ming to a mem

Prohibited. Sm

sued by the Bs for transpo

ossed Resolusportation Athe Transportate Legislatu

ficate of Honcertificates ordance with t

No certificatewithin the pre

Each memberproposed reci

During the tmembers maprimary spon

rs of Recomecommendati

Executive Dof these hone staffs of in

Board shall utions, certifd meeting.

TATION AUTHO


CHAPTER

No member inmember or tmber.

moking during

Board of Commortation- relat

utions. Such Authority staf

rtation Authure upon leav

nor. Each mof Honor a yethe following

es shall be isevious twelve

r desiring to ipient to the

two (2) busiy indicate thsor shall then

mmendation. ion in the na

irector shall,nors, and sha

ndividual mem

be advisedficates of ho

ORITY

R 5. MISCELL

n debate shato other me

g Board or co

missioners. Thted activities:

resolutions ff leaving theority; and Mving office.

member of thear on behalfg procedure.

sued to a pee (12) month

issue a CertiClerk who w

iness days fheir desire tn permit the

Each membame of the Bo

, after consuall facilitate tmbers.

d at its regunor or letter

LANEOUS

all, directly orembers any

ommittee me

he Board ma:

shall be prepe service afte

Mayors, memb

he Board is af of the Boar

erson or entiths.

ificate of Howill advise oth

following thto join in onadditional m

ber of the Booard without

ultation with the preparati

ularly schedurs of recomm

r indirectly, bconduct or

eetings is pro

ay issues hon

pared for meer at least tenbers of Cong

authorized tord without fu

ty which has

onor shall proher members

he provision n sponsoring

members to si

oard is authot limit as to n

the Chair, pion of such c

uled meetinmendation a

RULES OF OR

RESOLUTION 1

Pag

by any form motive unw

ohibited.

nors in the

embers leavinn (10) years ogress, and me

o be issued uurther Board

s received a c

ovide the nams of the requ

of the namg the certificign the certif

orized to issunumber.

prescribe the certificates an

ng on any eawarded sinc

RDER

15-XX

e 14 of 14

of words worthy or

following

ng office; of service embers of

up to five d action in

certificate

me of the est.

me, other cate. The ficate.

ue Letters

form for nd letters

engrossed e the last

64

I

I

I

IV

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. INTRODUCT

The purpthe San Fsystematiapplicable

I. DEBT POLI

The prim M M

m A

it

II. SCOPE AND

This DebInvestmeFiscal Poselection

This Polichanges tnoticed athe Boarauthority program,Annual BPolicy represented

While adrecognizemay fromor exceptspecific a

V. ETHICS AN

Officers, program proper anmake imp

NCISCO COUNT

5\Memos\01 Jan\Poli

TION

pose of this PFrancisco Coic debt police provisions

CY OBJECTIVE

mary objectiveMaintain cost-Moderate debmanagement iAchieve the h

s objectives.

D DELEGATION

bt Policy shaent Policy (alicy, the issuaand managem

icy shall be to the policy and conducted. Responsibfor structuri

shall lie witBudget does equires that d to the Boar

dherence to tes that changm time to timtions to achi

authorization

ND CONFLICTS

and employwill not eng

nd lawful expartial decisio

TY TRANSPORT

cies\Att 04 Draft Debt

Policy is to orounty Transpcy (Debt Poof state and

E

es of the Tran-effective acc

bt principal anin coordinati

highest practi

N OF AUTHORIT

all govern, ex copy of whance and mament of relat

reviewed anare subject t

ed public mebility for iming, implemeth the Execunot constituthe Board

rd in the cont

this Policy iges in the ca

me produce sieve policy gfrom the Bo

OF INTEREST

yee or agentsgage in any

xecution of thons.

TATION AUTHO

t Policy 2015.docx

DE

rganize and fportation Auolicy). The Dfederal law a

nsportation Acess to the cand debt serviion with Trancal credit rati

TY

xcept as othehich is attacanagement ofted financial

nd updated to approval beting. Overa

mplementationenting, and mutive Directoute authorizatspecifically atext of and c

s required inapital marketsituations thagoals. In theoard is obtain

s of the Trapersonal buhe debt man

ORITY

EBT POLIC

formalize debuthority (the Debt Policy and to pruden

Authority’s dapital marketice paymentsnsportation Aings that also

erwise coverehed hereto)f all debt funand advisory

at least annby the Transll policy diren of the Demanaging theor. The Boartion for debauthorize ea

consistent wit

n applicable ts, agency prat are not covese cases, maned.

ansportation usiness activinagement pr

CY

bt issuance-rTransportatis, in every nt debt mana

debt and finats through prs through effAuthority proo allow the T

ed by the Trand the Tr

nded throughy services and

nually and msportation Auection of thisebt Policy, ae Transportard’s adoptionbt issuance foach debt finth the Annua

circumstancrograms andvered by theanagement f

Authority inities or invesogram, or w

related policition Authoriy case, subjeagement prin

ancing relatedrudent yet flefective plannioject sponso

Transportatio

ransportationansportation

h the capital md products.

more frequenuthority Boas Debt Policyand day-to-dation Authorn of the Tranor any capitanancing. Eacal Budget.

ces, the Trand other unfoe Policy and flexibility is a

nvolved in tstments that

which could i

DEBT PO

RESOLUTION 1

Pa

es and procety) and to e

ect to and linciples.

d activities arexible policieing and proje

ors; and on Authority

n Authority’sn Authority’smarkets, incl

ntly as requiard (Board) ay shall be proday responsibrity’s debt annsportation Aal projects. Tch financing

nsportation Aoreseen circurequire modappropriate,

the debt mant would conimpair their

LICY

15-XX

ge 1 of 18

edures for stablish a imited by

re to es; ect cash

to meet

s adopted s adopted uding the

ired. Any at a legally ovided by bility and

nd finance Authority

This Debt shall be

Authority umstances difications

provided

nagement nflict with

ability to

Attachment 4 65

V

V

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V. STRATEGICThe TraPropositiand the FPlan sets Policy prguidance not be rePlan.

VI. STANDARD

The Trancases whfinancing

A. Cr

CATinTcucr

B. Lo

TcathuEpcadex

C. De

Tbteanfifi

D. O

Tth

NCISCO COUNT

5\Memos\01 Jan\Poli

C PLAN INTEGRansportation ion K Sales TFiscal Policy priorities and

rovides policon decision

ecommended

DS FOR USE OF

nsportation Ahere public g.

redit Quality.

Credit qualityAuthority’s oTransportation a manner Transportatiourrent creditredit rating a

ong-Term Capi

The Transporapital projecthe debt repaseful life of

Expenditure Policies, the Tapital investmebt financingxpenditures u

ebt Financing

The Transporut not limiteerm debt, cond inter-funinancing alteinancing stru

ngoing Debt Ad

The Transporhe term of t

TY TRANSPORT


RATION Authority’s

Tax (Prop K)to ensure prod strategies fy direction as pertaining

d for Board a

F DEBT FINANC

Authority’s dpolicy, equi

y is an impoobjectives ann Authority conducive t

n Authority’ratings assig

gencies.

ital Projects.

rtation Authots. When theayment periof the projectPlan or (3) foTransportatioment and thag shall not bunder federa

Mechanism.

rtation Authed to, tax-exemmercial pad borrowing

ernative that cture to the T

dministration a

rtation Authothe debt. At

TATION AUTHO

t Policy 2015.docx

multi-year ) Expendituroper allocatiofor allocatingand limitatioto internal fi

approval unle

CING

debt manageity and econ

ortant consind the assoc

debt manageto receiving ’s debt managned to the T

ority will issue Transportaod should not being finanorty (40) yearon Authorityat it is approbe used to fl tax principl

ority will evaempt and taxaper, sales taxg. The Tran

effectively Transportati

and Internal C

ority shall mat a minimum

ORITY

Strategic Pre Plan, shall on and finan

g Prop K funns for propo

fiscal manageess such issu

ement progranomic effici

ideration andciated the sizement activit

the highestagement objTransportatio

ue long-termation Authorot exceed thnced, (2) thrs from the dy recognizesopriate that tfund operatiles.

aluate the usxable debt, lox revenue an

nsportation Abalances theon Authority

ontrols.

aintain all debm, this repos

Plan (Strategbe used in c

ncing of Propnds under its osed financinement. Debt uance has be

am will promiency favor

d will be bze and freqties for new t credit ratinectives, and on Authority

m debt only tority finances he earliest ofhe end of thdate of issuans that futurethey pay a shing costs un

se of availabong-term debnd grant antiAuthority wie cost of thy.

bt-related recsitory will in

gic Plan), wcombination p K eligible pguiding prinng and the Fissuance foren incorpora

mote debt isdebt over

alanced withquency of is

debt issuancngs possibleto maintain

y’s outstandi

o finance andcapital projef the followihe term of nce. Inherente taxpayers whare of the a

nless such co

ble financial abt (both fixedicipation notill utilize the

he financing

cords for a pnclude all of

DEBT PO

RESOLUTION 1

Pa

which progrwith this De

projects. Theciples, while Fiscal Policy r capital projated into the

ssuance onlycash (pay-a

h the Transsuances of ces will be ce consistent ning or improing debt by t

d refinance lects by issuin

wing: (1) 120%the current t in its long-twill benefit asset cost. Losts qualify

alternatives id and variabltes, private pe most advawith the ris

period for nofficial statem

LICY 15-XX

ge 2 of 18

rams the ebt Policy e Strategic

the Debt provides

jects shall e Strategic

y in those s-you-go)

sportation debt. All onducted with the

oving the the major

long-term ng bonds, % of the sales tax

term debt from the

Long-term as capital

including, le), short-placement antageous sk of the

o less than ments, bid

66

V

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M:\Finance\201

devwdtrATP

E. Re

TfucomrereTcoreTTC

VII. FINANCING

A. Pu

Wcr1.

2

NCISCO COUNT

5\Memos\01 Jan\Poli

ocuments, ovents notices

with bond prebt. To theranscript will

Authority willTransportatioPolicy, all deb

ebate Policy a

The Transporunds. These ompliance w

maximize the espective indequirements

Transportatioomplies withebate, yield li

The TranspoTransportatioConsultant.

G CRITERIA

urpose of Debt

When the Trriteria will be. NEW MO

New monprojects constructithe Debt PTheCapitaand the E

. REFUNDI

Refundingdebt. Refumodify inused, or refunding Policies oRefinancin

TY TRANSPORT


ordinances, s, tax certificroceeds, und extent thatsuffice (tran

l develop a n Authority

bt covenants

nd System.

rtation Authrecords wi

with all debt cinterest earn

denture, conand as per

n Authority h any tax cerimits and arb

ortation Authn Authority

t.

ransportatione utilized to e

ONEY FINAN

ney issues arefor allocatioion or majorPolicy, debt pal project funxpenditure PING FINANC

g bonds are iunding issuan

nterest rate ricovenants oissue on a

on the adminng Outstandi

TATION AUTHO

t Policy 2015.docx

indentures, cates, informderwriter andt official tra

nscripts may bstandard prowill establis

and any appl

hority will acill be designcovenants, annings on all nsistent withrmitted by will developrtificates rela

bitrage, and mhority will shall have th

n Authority devaluate the tCING. e financings on of Tranr rehabilitatioproceeds gen

nding requirePlan. CING. issued to retnces can be isk, or to reof existing da present-valnistration ofing Debt.

ORITY

trustee repomation regardd other agreeanscripts incbe hard copyocedure for sh internal clicable requir

ccurately accned to ensund with applifunds within

h consideratithe Transp a system of ating to its omaking any reretain recorhe authority

determines ttype of debt t

that generatnsportation

on of capital nerally may nements are ou

tire all or a pused to achi

estructure thedebt. The Tlue basis to f refunding f

orts, continuding the inveements, etc. corporate thy or stored oarchiving tr

controls to erements of ap

count for allure that theicable laws. Tn the investmion of appl

portation Auf reporting inoutstanding equired filingrds as requi

to retain th

the use of dto be issued.

te funding foAuthority assets. In ac

not be used eutlined in the

portion of anieve present-e payment sTransportatio

identify ecfinancings a

uing disclosuestment of a

for all Tranese docume

on CD-ROMranscripts foensure comppplicable law

l interest ear TransportaThe Transpoment paramelicable yield uthority Invnterest earnindebt and Ings with State ired by its e services of

debt is appro.

or capital profunds inclu

ccordance wexclusively foe annual bud

n outstanding-value savingchedule, typ

on Authorityonomic effe

are detailed f

DEBT PO

RESOLUTION 1

Pa

ure reports, and project cnsportation Aents, possess

M). The Transr any new d

pliance with w.

rnings in debation Authorortation Autheters set forth

limits and estment Polngs that relatnternal Reven

and Federal tax certifica

f an Arbitrag

opriate, the

ojects. Eligibude the ac

with the philoor operating dget, the Strat

g bond issuegs on debt s

pe of debt iny must analects before further in Se

LICY 15-XX

ge 3 of 18

material costs paid Authority sion of a sportation debt. The the Debt

bt-related rity is in hority will h in each arbitrage

licy. The tes to and nue Code agencies.

ates. The ge Rebate

following

ble capital cquisition, osophy of expenses. tegic Plan

e or other ervice, to

nstrument lyze each approval. ection X:

67

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B. Ty

Wcr1.

NCISCO COUNT

5\Memos\01 Jan\Poli

ypes of Debt.

When the Trariteria will be. LONG-TE

The Tranbonds) whderived frmaintenanearliest offinanced, from the dFixed Raa) Curren

They be adchangipricingfund t

b) Zero Cwhen types coupozero-cinvestinteres

c) Specialprogramunicassist requirTransporder

Variable a) Variab

amortweeklygiven party lgeneraon anretain

TY TRANSPORT


ansportation e utilized to eERM DEBT. sportation Ahen funding rom long-termnce. Long-terf the follow(b) the sunsedate of issuan

ate nt Coupon Bonmay be used

djusted to acing dollar amg, modifyingthe debt servCoupon and Ca

principal maof bonds ty

on bonds, thcoupon bonment amounst on the bonl Government Oam authorizcipal securitylocal governements allowportation Auto determineRate ble Rate Demtization but y, monthly, ocurrent mar

liquidity in thally allow boy rate reset an investme

TATION AUTHO

t Policy 2015.docx

Authority deevaluate the t

Authority mayallocations c

m borrowingrm debt will

wing: (a) 120et date of thence.

nds are bondd for both neccommodatemounts for pg call provisvice reserve fuapital Appreciaatures. Intereypically bear erefore repre

nds, principant received nd accretes uObligations (boed for calen

y, structure onments in accw the Transuthority will e which is the

mand Notes (the interest or such otherket conditiohe forms of L

ondholders todate, given cnt bank to re

ORITY

etermines thatype of debt t

y issue long-cannot be fig will not be be structure% of the exe current sale

ds that pay inew money ane the markeprincipal matsions, utilizinund and costation Bonds paest continueinterest at

esenting a mal paid at mat issuance.

until maturityoth tax-exemptndar years 2or tax creditcessing the csportation Aevaluate it

e most appro

(VRDBs) arerate resets

er period as tons. VRDBs Letters or Lio “put” theircertain noticemarket thes

at the use of to be issued.

-term debt (einanced fromused to fina

ed such that xpected averes tax Expen

nterest periond refundinget conditionsturities, offerng bond insuts of issuanceay interest ths to accrue orates that ar

more expensivmaturity is

In the casy. t and taxable),2009 and 2t authorized

capital markeAuthority to along with topriate for a

e long- termat certain e

the Transporoften requi

ines of Credir bonds backe. The Trane bonds that

f debt is appr.

e.g. fixed or m current revance current the obligatiorage useful nditure Plan

odically and g transactions at the timring discounurance, and e. hat is compoon the unpare higher thve funding odiscounted

e of capital

, such as the 2010 or anyd by the Fedets. So long a

adhere to traditional fiparticular iss

m bonds wiestablished prtation Authire credit enit and/or bonk to the Tran

nsportation At are “put.”

DEBT PO

RESOLUTION 1

Pa

ropriate, the

variable ratevenues. The operations o

ons do not exlife of the or (c) forty (

principal at ns. Bond featme of sale, nt and premi

determining

ounded and aid interest, aan those onoption. In th

back to thl appreciatio

Build Amery other typederal Governas the new pits Debt Po

inancing strusuance.

ith a fixed periods such ority deems

nhancement and insurancensportation A

Authority wil

LICY 15-XX

ge 4 of 18

following

e revenue proceeds

or normal xceed the project(s) (40) years

maturity. tures may including

ium bond g how to

paid only and these

n current-he case of he initial n bonds,

rica Bond e of new nment to program’s olicy, the uctures in

principle as daily,

advisable and third

e. VRDBs Authority ll need to

68

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3

NCISCO COUNT

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b) IndexedCreditindex

. SHORT-TShort-termdeficits orevenue sothe Transpbe utilizeTransportborrowingrepaymena) Comme

the timmaintaaccessmillioncommfurthethe iss

b) Grant AState oGANs

c) Sales Trevenuthe isborrow

d) Lettersshort-

e) TranspUnitedregionif it is

f) Grant AenableThe Tflow s

. VARIABLE

To maintpreferencedebt is flovariable racosts, proliabilities.

TY TRANSPORT


d Notes are ft. These formsuch as SIFM

TERM DEBT.m borrowingr anticipatedource with thportation Aued for funtation Authog. The Transt source or aercial Paper Nming of funain an ongos to capital fn tax-exemp

mercial paper er Board actiosuance of lonAnticipation Nor Federal gs only when Tax and Revenue cash flow sue fully cowings. s or Lines of Cterm borrow

portation Infrasd States Denal importancdetermined Anticipation R

e entities to fTransportatiohortfalls of g

E RATE DEB

tain a predice to debt thaoating or variate debt to dovide interimVariable rat

TATION AUTHO

t Policy 2015.docx

forms of vams of variabMA. The rate. g may be utild revenues, he anticipateuthority’s comnding of thority will deteportation Au

amortization Notes may be inding requireoing commerfunding whe

pt commercianotes withinon. The retirng-term bondNotes (GANs)grants of anythere is no onue Anticipatineeds consisnforms to F

Credit shall be wing options.structure Finanepartment oce. The Tranthat it is the Revenue Vehiclfund transpoon Authoritygrant revenueBT. ctable debt at carries a fiable rate debdiversify the m funding fote debt typic

ORITY

ariable rate dble rate debte will reset ei

lized for thewhere antic

ed amount bammercial paphe Transpoermine and uuthority may of principal, issued as an aements is unrcial paper pen needed. Ial paper pro

n the $200 mirement of cods or the repas) are short-tey type. The Tother viable sion Notes (TRstent with a fFederal tax r

considered a

nce Innovationf Transporta

nsportation Amost cost ef

cle Financing (Gortation projey may consides.

service burdfixed interestbt. It may beTransportatior capital prally has a lo

debt that dot have a fixeither on a we

e temporary cipated reveased on consper programortation Auutilize the le

y issue short-subject to th

alternative toncertain. Thprogram to In March 20ogram. Perioillion Board-

ommercial paaying of prinerm notes thTransportatioource of fun

RANs) shall finding by borequirements

as an alterna

n Act (TIFIAation for ce

Authority maffective debt GARVEE) aects that are der the issua

den, the Trat rate. An ale appropriateion Authoritrojects and

ower initial c

o not requireed spread toeekly, monthl

funding of oenues are deservative esti

m, short-term uthority’s caeast costly mterm debt w

he following o fixed rate dhe Transport

ensure flexi004, the Boaodic issuance-approved praper is most ncipal from chat are repaidon Authority

nding for the be issued o

ond counsel s and limita

ative to or cre

A) Loan is a lertain transpay elect to apfinancing opare bonds isssecured by

ance of GAR

ansportation lternative to e to issue shoty’s debt porimprove the

cost of borro

DEBT PO

RESOLUTION 1

Pa

e Letters or o a certain inly, or other b

operational cefined as animates. In thborrowings

apital projecmethod for shwhen there is

policies: debt, particulatation Authoibility and imard approvees or a retirrogram do nocommonly aash on hand

d with the proy shall generproject. nly to meet that that the

ations for ta

edit support

loan provideportation prpply for a TIption availablsued by the certain federRVEEs to m

Authority the use of f

ort-term or lrtfolio, reduce match of owing than f

LICY 15-XX

ge 5 of 18

Lines of ndentified basis.

cash flow n assured he case of

may also cts. The hort-term a defined

arly when ority may mmediate d a $200 ement of ot require a result of . oceeds of rally issue

sales tax e sizing of ax-exempt

for other

ed by the rojects of IFIA loan le. State and ral grants. meet cash

may give fixed rate long-term ce interest

assets to fixed rate

69

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SAN FRAN

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VIII. TERMS AN

The Tranand will Transpor

A. Te

AtoshT

NCISCO COUNT

5\Memos\01 Jan\Poli

financing circumstanpurpose orate debt ia) Variab

prograTranspdebt in20-30%risk an(1) A

plaincm

(2) Vanor

(3) AscosuPr

. FINANCIA

Financial the issuanthe derivaexpense ototal projthorough risk, tax rimpact onafter the Bother Finapproval f

ND CONDITIONS

nsportation Acontrol, m

rtation Autho

erm.

All capital impo exceed 120hould exceed

Transportatio

TY TRANSPORT


and shorter nces will th

of earning arbin certain insble Rate Debtam (which isportation Aun considerati% variable rnd managing dequate Safeguace to preveclude, but aatching of as

Variable Revennticipated to r the dedicatis a Componen

onjunction wubject to othroducts. AL DERIVAT

Derivative Pnce or managative productor revenue, oect cost. Fievaluation o

risk, terminan the TranspBoard has adancial Derivfrom the Boa

S OF BONDS

Authority shamanage, and ority, the foll

provements f0% of the expd the lesser n Authoritys

TATION AUTHO

t Policy 2015.docx

maturities bhe Transportbitrage. The tances. t Capacity. Es not covereduthority will ion of generarate exposure

the variable uards Against ent adverse are not limissets and liabnue Stream. Tmove in the on of revenunt to Syntheti

with a financher provisio

TIVE PRODUC

Products suchgement of det will either or alternativeinancial Derof risks assoation risk anortation Aut

dopted separavative Produard.

all establish ainvest all

owing shall s

financed thropected averaof forty (40)

sales tax Exp

ORITY

but carries btation AuthoTransportati

Except for td by the follomaintain a cal rating agene, in additionrevenue streRisk. Financimpacts fro

ited to, intebilities. The revenue

same directiues allows capic Fixed Rate cial strategy,ons of the

CTS. h as interestebt only in inprovide a h

ely where thrivative Prodciated therew

nd liquidity rthority’s abiliate policy gucts. Derivati

all terms andbond proc

serve as bond

ough the issuge useful life) years or thenditure Plan

both interest ority issue vion Authority

the existing owing requirconservative ncy guidelinen to maintaieam both as dcing structurem interest r

erest rate sw

e stream forion as markepacity for va

e Debt. Varia, which resuDebt Policy

t rate swaps nstances whehedge that rehe derivative ducts shall with, includirisk, (2) afteity to refinanuidelines for ive products

d conditions ceeds. Unlesd requiremen

uance of debe of the assethe period ofn.

rate and liqvariable ratey, however, m

$200 milliorements of vlevel of out

es recommenining adequadescribed bee and budgerate shifts; swaps, interes

r repaymentet-generated variability. able rate bonults in synthy regarding

will be consere it has beeduces the r

product wilbe consider

ing counterper considerance bonds atthe use of in

s will only b

relating to thss otherwisents:

bt will be finats being finanf time until

DEBT PO

RESOLUTION 1

Pa

quidity risk. U debt solelymay conside

on commercvariable rate dtstanding varnding a maximate safeguardlow: tary safeguarsuch structurst rate caps

t is variablevariable inter

nds may behetic fixed r

Financial D

sidered approeen demonstrrisk of fluctull significantred only: (1party credit ration of the t a future datnterest rate swbe utilized w

he issuance oe authorized

anced for a pnced, and in sunset of th

LICY 15-XX

ge 6 of 18

Under no y for the er variable

cial paper debt), the riable rate mum of a ds against

rds are in res could

and the

e, and is rest rates,

e used in rate debt, Derivative

opriate in rated that uations in tly reduce ) after a

risk, basis potential

te and (3) waps and

with prior

of bonds, d by the

period not no event

he current

70

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B. Ca

TcoHisoobApap

C. Li

Sethu

D. Ad

Anthanse

E. De

Ddweaocam

F. Ca

Incodo

G. O

AAbaf

NCISCO COUNT

5\Memos\01 Jan\Poli

apitalized Inte

The nature oontinuously

However, cerssuance date therwise reqbviate unneceyond three

Authority mayroceeds of tpplied to ext

ien Levels.

enior and Juhe most criticse of the rev

dditional Bond

Any new seniet of any Fedhan one and ny Federal suervice for the

ebt Service St

Debt issuanceebt service t

within each liarly years of r may utilizapacity cons

maturities exc

all Provisions.

n general, thonventions, elivery of taxr a different

riginal Issue D

An original issAuthority det

onds and thaffect the proj

TY TRANSPORT


rest.

f the Transpavailable an

rtain types ountil the p

quired, the Tcessarily incre

(3) years ory require thathe bonds. Inend the term

unior Liens focal constrainenue source

s Test.

ior lien debt deral subsidya half times

ubsidy or cree new issuanc

ructure.

e shall be plato the usefulien to achieva bond issuee more acce

straints. The cept in those

e Transportawhich is typx-exempt bocall feature i

Discount.

sue discountermines thatat the use of ject identified

TATION AUTHO

t Policy 2015.docx

portation Aund the use oof financingroject spons

Transportatioeasing the bor a shorter pat capitalized nterest earnin

m of capitalize

or each revent, typically eisecuring the

issuance muy or credit, to(1.5x) the m

edit, for the ace.

anned to achil life of facilive overall leve to maximizelerated repa

Transportatinstances wh

ation Authorpically no lands. The Tras appropriate

t or original it such discouf an original id by the bon

ORITY

uthority’s revof capitalizedgs may requisor has conson Authorityond issuance period if furt

interest on tngs may, at ed interest bu

nue source wither cost or bond.

ust not causeo exceed the

maximum annaggregate ou

ieve relativelyities. The Trvel debt serve the availabayment schetion Authorhere these ma

rity’s securitieter than tenansportatione in some cir

issue premiumunt or premiuissue discoun

nd document

venue streamd interest shire the use structive usey will avoid size. Interesther restrictethe initial serthe Transpo

ut in no even

will be utilizecapacity, thu

e the Transpe level at whinual principautstanding sen

y rapid repayransportationvice (though bility of pay-aedules after rity shall avoaturities serv

es will includn and one-han Authority mrcumstances.

m will be perum results innt or originals.

m is such thahould not no

of capitalizee of the finathe use of c

st shall not bed by statuteries of bond

ortation Authnt beyond the

ed in a mannus allowing fo

portation Auich the incomal, interest annior lien bon

yment of debn Authority wprincipal m

as-you-go dogiving consi

oid the use ve to level exi

de a call featalf (10.5) yemay determin

rmitted only n a lower trul issue premi

DEBT PO

RESOLUTION 1

Pa

at funds are ormally be ned interest anced projeccapitalized in

be funded (cae. The Transds be funded hority’s discre authorized

ner that will mfor the most b

thority’s debming revenuend debt servinds including

bt while still will amortize

may be deferrollars during tideration to of bullet or

isting debt se

ture, based oars from thene that no ca

y if the Transue interest coium will not

LICY 15-XX

ge 7 of 18

generally necessary. from the

ct. Unless nterest to apitalized) sportation

from the retion, be term.

maximize beneficial

bt service, es are less ce, net of

g the debt

matching e its debt red in the that time)

bonding r balloon ervice.

on market e date of all feature

sportation ost on the adversely

71

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H. De

DmAo

I. De

TwrewAoAceasut

J. M

Inmpth

X. CREDIT EN

The Tranevaluatingpositive Transporthe cost a

A. Bo

Tpoex

B. De

Wotwfuacin

NCISCO COUNT

5\Memos\01 Jan\Poli

eep Discount B

Deep discounmay also limAuthority will

f the lower-t

erivative Produ

The Transporwhere it has educes risk o

will reduce thAuthority sha

f these derivAuthority willertain financissociated witilized with p

Multiple Series.

n instances wmake a final d

riority finanche earliest or

NHANCEMENTS

nsportation Ag the economimpact on

rtation Authoand benefit o

ond Insurance

The Transporurchase is den such insuxpense on in

ebt Service Re

When requireriginal princwenty-five (1unded from ccordance winvestors requ

TY TRANSPORT


Bonds.

nt bonds mamit opportuni

l carefully cothan-market c

ucts.

rtation Authbeen demon

of fluctuationhe total pro

all develop anvative producl undertake aing and markth the use o

prior approva

.

where multipdeterminationcing, based omost senior

S

Authority wmic benefit voverall deb

ority will conof such enhan

.

rtation Autheemed pruderance being

nsured bonds

eserves.

ed, a reserve cipal amount25%) percenthe proceed

ith the requiruirements.

TATION AUTHO

t Policy 2015.docx

ay provide a ities to refin

onsider their coupon.

hority will constrated thatns in expenseoject cost. Ifnd maintain acts. For derivan analysis ofketing assumof a particulal from the B

ple series of bn as to whichon funding av

of the bond

will consider versus cost fot capacity c

nsider each oncement.

ority shall haent and advaless costly

versus unins

fund equal t of the bonnt of averageds of each srements of c

ORITY

lower cost onance at lowvalue and th

onsider the t the derivate or revenue,f interest ratan Interest Rvatives otherf early termin

mptions. Suchlar derivativ

Board.

bonds are toh allocations vailability and

d series.

the use of or each case.can be showf the followi

ave the authantageous. Tthan the prsured bonds.

to not morends, maximue annual debteries of bonredit enhanc

of borrowinwer rates in he effect on

use of derivtive product , or alternativte swaps areRate Swap Por than interenation costs h analysis wilve product. D

o be issued, tare of the hid proposed t

credit enhan. Only when wn shall ening enhancem

hority to purThe predominresent value .

e than the leum annual dt service (thends, subject cement provi

ng in certain n the future.any future re

vative produwill either p

vely, where te consideredolicy governiest rate swapand other coll document Derivative p

the Transporighest prioritytiming, will g

ncement on a clearly dem

nhancement ments as alte

rchase bond nant determiof the diffe

esser of ten debt service e “Reserve Rto federal ta

iders, rating a

DEBT PO

RESOLUTION 1

Pa

markets tho The Transefinancings a

ucts only in provide a hethe derivatived, the Transing the use a

ps, the Transonditional terthe risks and

products will

rtation Authoy. Projects ch

generally be s

a case-by-camonstrable sbe conside

rnatives by e

insurance wination shall erence in the

percent (10%or one-hund

Requirement”ax regulationagencies and

LICY 15-XX

ge 8 of 18

ough they sportation as a result

instances edge that e product sportation and terms sportation rms given d benefits l only be

ority shall hosen for subject to

ase basis, savings or ered. The evaluating

when such be based

e interest

%) of the dred-and-”) shall be ns and in /or other

72

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C. Li

TofiMfrA

X. REFINANCI

The TranrefundingTransporopportun

A. De

Torehreisfonb

B. Re

Tinsare

C. Te

THacTrege

NCISCO COUNT

5\Memos\01 Jan\Poli

The Transporse of a reserquivalents shasis.

iquidity Faciliti

The Transporf-credit agreeinancial insti

Moody’s Inverom at least t

Authority liqu

ING OUTSTAND

nsportation g opportunitrtation Authnities:

ebt Service Sa

The Transporf three (3) peasons for das establisheefunded bonssuance of syor defeasanceet of all costasis must be

estructuring.

The Transpornclude restruavings, mitigestrictive bon

erm of Refundi

The TransporHowever, thechieve a d

Transportatioealize greaterenerational e

TY TRANSPORT


rtation Authorve fund surhall be evalua

ies and Letters

rtation Authoements whenitutions withestor Servicetwo of the thuidity facilitie

DING DEBT

Authority shties that mayhority will c

avings.

rtation Authopercent of thdefeasance uned a minimund principal ynthetic fixedeundertakingts related to texplicitly ap

rtation Authoucturing to mgate irreguland covenants

ing Issues.

rtation Authe Transportaesired outcon Authority

r savings. Theequity should

TATION AUTHO

t Policy 2015.docx

ority shall harety) when suated in comp

s of Credit.

ority shall han such agree

h short-term s, Standard &hree aforemees and letter o

hall have thy be presentconsider the

ority has esthe refunded bndertaking thum present amount for

d rate refundg the refundithe refinancinproved by th

ority will refumeet unanticip

r debt servis.

ority will refation Authorome, providmay also cone remaining

d guide this d

ORITY

ave the authuch purchaseparison to ca

ave the authoments are deratings of n

& Poor’s andentioned ratinof credit agre

he responsibied by undere following

ablished a mbond principhe refundingvalue saving

r refinancingding debt serving. TheFor tng. The decihe Transporta

und debt whepated revenuice payment

fund bonds writy may conded that sunsider shorteuseful life of

decision.

ority to purce is deemed ash funding o

ority to entereemed prudenot less thad Fitch Ratinngs agencieseements.

ility to analyrwriting and/

issues whe

minimum prepal amount ug. Additionags threshold gs involving vice unless ththis purposesion to take ation Author

en in its bestue expectatiots, release r

within the tensider maturuch extensiening the terf the financed

chase reserveprudent and

of reserves o

r into liquiditent and advaan VMIG 1/ngs, respectivmay particip

yze outstand/or financialen analyzing

esent value sunless there

ally, the Trangoal of fivderivative p

here are othee, the presentsavings on arity Board.

t interest to dons, terminateserve fund

erm of the ority extensionion is legalrm of the orid facility and

DEBT PO

RESOLUTION 1

Pa

e equivalentsd advantageoon a net pres

ty facilities aantageous. O/P1, A-1 anvely, and wit

pate in Trans

ding bond il advisory fig possible r

avings threshare other co

nsportation Ave (5) percenproducts sucer compellint value savingan upfront or

do so. Refunte swaps, ach

ds or remov

originally issun, when neclly permissibiginally issue

d the concept

LICY 15-XX

ge 9 of 18

s (i.e., the ous. Such sent value

and letter-Only those nd F1, by th ratings

sportation

ssues for irms. The refunding

hold goal ompelling Authority nt of the ch as the g reasons gs will be r deferred

dings will hieve cost ve unduly

ued debt. cessary to ble. The

ed debt to t of inter-

73

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E. Ar

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F. Co

Tp

XI. METHODS

The Trancompetiti

A. Co

Inpthfo

NCISCO COUNT

5\Memos\01 Jan\Poli

scrow Structur

The Transpoefunding escersus legal deot a broker-dompetitive bost effective he securities he case of SLnderwriter, arom its own a

rbitrage.

The Transporegative arbitrccording to F

ommercial Pap

The requiremaper notes fo

OF ISSUANCE

nsportation ively or throu

ompetitive Sal

n a competiroviding the he official noollows:

a) Bond b) Markec) Partici

requird) There

mediae) The bf) Bond g) Managh) Issueri) Issuer

TY TRANSPORT


ring.

rtation Authcrows. The Tefeasance ondealer, is req

bid process (ithan State anwas reasonaLGs purchasagent or finaaccount.

rtation Authrage in its reFederal guide

per Program.

ments of this or the purpos

Authority wugh negotiati

e

itive sale, thlowest true i

otice of sale.

prices are staet timing andipation fromed for winninare no comp

a coverage, poond type andinsurance is geable transar has strong cr is well know

TATION AUTHO

t Policy 2015.docx

hority shall uTransportatio

n a net presenuired statingin the case ond Local Go

able within Fsed directly fancial adviso

hority shall taefundings. Anelines.

Section X sse of refundi

will determinion.

e Transportinterest cost Conditions

able and/or dd interest rate

m Disadvantagng bid plex explanatolitical structd structure arincluded or p

action size credit ratingwn to investo

ORITY

utilize the leon Authoritynt value basisg that the secof open markovernment OFederal guidefrom the U.Sor sell escrow

ake all necesny resulting

shall not apping maturing

ne, on a ca

ation Authoas long as thunder which

demand is ste sensitivity aged Business

tions requireture, politicalre conventionpre-qualified

ors

east costly sy will examis. A certificaturities were ket securities

Obligations (Selines. Such cS. Treasury. w securities

ssary steps topositive arbi

ply to or resg commercial

ase-by-case b

ority’s bondshe bid adhereh a competiti

trong are not criticas Enterprise (

ed during mal support, funnal

d (available)

securities avine the viabte from a thiprocured thrs), that such SLGS), and tcertificate shUnder no cto the Tran

o optimize eitrage will be

strict the issl paper notes

basis, wheth

s shall be awes to the reqive sale woul

al to the prici(DBE) firms

rketing regarnding or cred

DEBT PO

RESOLUTION 1

Pag

vailable in stbility of an eird party agenrough an armsecurities w

that the pricehall not be recircumstancesnsportation A

escrows and e rebated as

suance of co.

her to sell i

warded to thuirements seld be preferr

ing s is best effor

rding issuer’sdit quality

LICY 15-XX

e 10 of 18

tructuring economic nt, who is

ms-length, were more e paid for equired in s shall an Authority

to avoid necessary

ommercial

its bonds

he bidder et forth in red are as

rt and not

s projects,

74

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B. N

TC

C. Pr

FplTura

D. Is

Tfo

E. In

Twad

F. Fe

Isre

NCISCO COUNT

5\Memos\01 Jan\Poli

egotiated Sale

The TransporConditions un

a) Bond b) Demac) Marked) Issuere) Issuerf) Sale a

projecg) The b

deliverprodu

h) Bond i) Early j) The pk) Demal) Partici

rivate Placeme

From time tolacement sha

Transportatiosing the Tranate.

ssuance Metho

The Transpororth above.

nvestor Outreac

The Transporwith institutiodvantageous

easibility Analy

ssuance of reevenue stream

TY TRANSPORT


e.

rtation Authonder which a prices are vo

and is weak oet timing is imr has lower orr is not well kand marketincts, media covbond type ary bond sale,

ucts insurance is structuring aar amount fo

and for the boipation from

ent.

o time the Tall only be cn Authority nsportation A

od Analysis.

rtation Auth

ch

rtation Authonal investorto the sale o

ysis.

evenue bondm’s ability to

TATION AUTHO

t Policy 2015.docx

ority recogninegotiated s

olatile or supply or cmportant, sucr weakening

known to invng of the boverage, politi

and/or struc, issuance of

not availableand market por the transaconds by retai

m DBE firms

Transportatioconsidered ifrelative to otAuthority’s in

ority shall ev

hority shall prs in advanceof such bond

ds will be ac meet future

ORITY

zes that somsale would be

competing boch as for refucredit rating

vestors onds will reqical structure

ctural featurevariable rate

e or not offerarticipation bction is signifil investors isis required

on Authorityf this methother methodsnvestment ra

valuate each

participate ine of bond os or notes.

ccompanied debt service

me securities e preferred ar

onds is highundings

g

quire complee, political sues are non-se bonds, or w

red by underwritficantly larges expected to

y may elect od is likely ts of debt issuate as the app

method of

n informatioor note sales

by a findinge payments.

are best soldre as follows

ex explanatioupport, fundinstandard, su

where there is

ters are desireer than normo be high

to privately to result in auance on a npropriate me

issuance bas

onal meeting to the exte

g that demon

DEBT PO

RESOLUTION 1

Pag

d through nes:

ons about thng, or credit

uch as for as the use of d

ed mal

place its dea cost savinget present vaeasure of the

sed on the fa

s or confereent such mee

nstrates the

LICY 15-XX

e 11 of 18

gotiation.

he issuer’s quality

a forward derivative

ebt. Such gs to the alue basis, e discount

actors set

ence calls etings are

projected

75

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XII. MARKET R

A. Ra

TreTagshadm

B. Tr

Tagw

C. Co

AcoanreevM

D. Re

Taranpshth

E. Ot

FenthquTtow

F. Fe

TfeA

NCISCO COUNT

5\Memos\01 Jan\Poli

RELATIONSHIPS

ating Agencies

The Executivelationships

Transportatiogencies as cirhall: (1) meetdvantageous,

meetings with

ransportation A

The Executivgencies and/

weaknesses an

ontinuing Disc

After enteringomply with tnd reflects neasonable stevent notices

Market Acces

ebate Reportin

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TY TRANSPORT


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TATION AUTHO

t Policy 2015.docx

s.

shall be respdy’s Investor

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munication.

shall include rs regarding ndations for

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ORITY

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redit enhance

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eneral commale (competiti

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ears and as egulations. Teeds and invtimely rebate

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ts of debt issnistrative cos

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deal with onlymunication, th

ive or negotied sale, offesale.

o the Board uthority’s finses.

he Transportke timely filine Executive y’s files timeld’s (MSRB’s)

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nhancement

suance procests incurred b

DEBT PO

RESOLUTION 1

Pag

portation Ad Fitch Ratiy one or twohe Executiveiated) to the

er conference

feedback fronancial stren

tation Authongs must be Director willy annual repElectronic M

nsure complianual rebates required by ae Executive e tracked in ary.

behalf of othacilitate the de that only thted from all ra rating at leis obtained(i

eeds an admiby the Trans

LICY 15-XX

e 12 of 18

uthority’s ngs. The

o of these e Director

extent as e calls or

om rating ngths and

ority shall disclosed ll take all ports and Municipal

ance with related to applicable

Director a manner

her public desires of he highest risks. The east equal including,

inistrative sportation

76

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TY TRANSPORT


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ve Director wing final appr

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n Authority n Authority s met all conn of the proents relatingextensive exp

portation Aut

of bond coun

TATION AUTHO

t Policy 2015.docx

all select its posals.

Members.

will make recroval.

ority shall utesses as prudon, but not limviding consuxperience in sputation of a

s

s provided tog: s and opportting opportuoposals sub

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financial plan

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nstitutional aposed debt’s

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ORITY

primary con

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o the Transp

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ude , but are

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ncial advisor on of the Tre following crs to complexnd analyzingsonnel

portation Aut

ciated with de

he Transpor

other finanties, remarketentations witnts

hat its finaand analysisee from any

en opinion bthe propose

y requiremencome tax stabt will be pe and tax issust for propos

e not limited

y competitiv

inancing team

to assist in ransportationriteria: x issuers g complex iss

thority shall

ebt issuance

rtation Auth

ncial servicesting agent seth rating age

ancial advisos, maintain tconflicts of i

by legal couned debt, thants necessaryatus. The apprepared by ues. The cCosal process.

to:

DEBT PO

RESOLUTION 1

Pag

ve qualificatio

m members,

its debt issun Authority’s

sues

include, but

hority by in

s such as truervices, etc. ncies and inv

or will prothe confideninterest.

nsel affirmingat the Transy for issuanc

pproving opinationally-re

ounsel will be

LICY 15-XX

e 13 of 18

ons-based

with the

uance and s financial

shall not

nvestment

ustee and

vestors

ovide the ntiality of

g that the sportation ce, and a inion and ecognized e selected

77

X

SAN FRAN

DRAFT

M:\Finance\201

a)

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) RenderingobligationState of C

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RITER SELECTIO

enior Manager

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n any negotiepresent the

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TY TRANSPORT


g a legal opns including wCalifornia law

all necessaryf bonds and

in the prepamorandum;

ing in discus; and

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ents.

ON

r Selection.

rtation Authe. The criteriirm’s ability aonstrated abilknowledge anirm’s willingnirm’s ability tty and expeement cing plan pre

lection.

will be sele, co-manager

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TATION AUTHO

t Policy 2015.docx

pinion with whether the

w;

y legal documother obligat

ration of the

ssions with p

advice, as recable laws an

hority shall hia shall includand experienclity to structund experiencness to risk cto sell bondserience of

esented

ected on thers appointednsure maxim

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f Transportater, the leadconsent.

ORITY

respect tointerest paid

ments in contions;

e preliminary

potential inv

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have the righde but not bece in managiure debt issuece with the Tapital and de

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ht to select ae limited to ting complex es efficiently

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as the senitransactions tion of the T

g groups in cAuthority mr from outs

ity debt in wer will mak

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h authorizati

fficial statem

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r use and adlarly arbitrag

a senior manthe followingtransactions

y and effectivon Authority n of such risk

the Transp

ior manager.will be a fu

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certain transamay make appside the poo

which legal cke the appo

DEBT PO

RESOLUTION 1

Pag

lid issuance mpt under fe

on, sale, issu

ments and co

dit rating ag

dministrationge tracking an

nager for a g:

vely

k

portation A

. In additionunction of trn Authority’

actions. To tpointments ol, as the tr

counsel is reointment, su

LICY 15-XX

e 14 of 18

of debt ederal and

uance and

ommercial

gencies, if

of bond nd rebate

proposed

uthority’s

n to their ransaction s bonds.

the extent to selling

ransaction

quired to ubject to

78

SAN FRAN

DRAFT

M:\Finance\201

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nderwriter’s Da) The T

compaTranspmanagphase

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valuation of Fin

The Transporollowing: cosf the overallnd sales cred

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yndicate Polici

For each negoescribe the nsure receiptale prior to th

esignation Pol

To encouragehe Transport

The Transpora) Equitab) Compc) Within

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isclosure by Fi

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TY TRANSPORT


iscount. Transportatioarable issues portation Augement fee. Tof the transa

es and allocan manageme

municated to it an itemizedonal expense

nancing Team

rtation Authsts of issuancl interest cos

dits.

ch sale, the Tsale to the B

ies.

otiated transdesignation t of each mehe sale date.

icies.

e the pre-matation Authortation Authoably allocate ply with MSRn 10 workings, allocationsority’s sale.

inancing Team

team membewith other finpending on te permitted is solely in thas a conflict o

TATION AUTHO

t Policy 2015.docx

on Authority in the markeuthority willThe determiaction. tion of the ment fee, expall parties by

d list of expees must be su

Performance.

hority will evce, including st and on a

Transportatioard.

action, the Epolicies govember’s ackn

arketing efforority’s bonds ority shall reqbonds to oth

RB regulationg days after ts and other

m Members.

ers will be renancing teamthe nature owhich could

he Transportof interest.

ORITY

will evaluateet. If there arl determine nation will b

management enses and uy the Transpenses chargedubstantiated.

valuate each underwritersmaturity-by-

ion Authorit

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quire the seniher managersns governing the sale dater relevant in

equired to prm members af the transacd compromitation Autho

e the proposre multiple uthe allocati

be based upo

fee will be dunderwriter’sportation Aud to member

bond sale as’ compensat-maturity bas

ty shall prov

irector will pupcoming sant of the syn

member of tdesignated, ior managers and the sellthe priority o

e, submit to tnformation p

rovide full anand outside ction. Howeise the firm’

ority’s best in

sed underwriunderwriters iion of fees on participati

determined p counsel wi

uthority. Thers of the und

after its comtion, pricing sis, and the d

vide a post-s

prepare syndiale. The Exendicate polic

the underwriunless otherto:

ling group of orders andthe Executivpertaining to

nd complete parties. The

ever, under n’s ability to

nterests or wh

DEBT PO

RESOLUTION 1

Pag

iter’s discounin the transawith respec

ion in the st

rior to the saill be establi senior manaderwriting gr

mpletion to aof the bondsdistribution

ale evaluatio

icate policiesecutive Direccies for the u

iting team, orwise express

d allocationsve Director ao the Trans

disclosure, re extent of dno circumstaprovide ind

hich could re

LICY 15-XX

e 15 of 18

nt against ction, the ct to the tructuring

ale date; a shed and ager shall

roup. Any

assess the s in terms of bonds

on on the

s that will ctor shall upcoming

orders for sly stated.

a detail of sportation

relative to disclosure ances will dependent easonably

79

SAN FRAN

DRAFT

M:\Finance\201

Arbitrage. interest eregulationexempt m

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NCISCO COUNT

5\Memos\01 Jan\Poli

The differenearned by ins govern arbmunicipal sec

Maturity. A lage of the prin

turity. Maturi

isions. The tering issue of b

d Interest. A pcific period o

al Paper. Verylly backed by

ve Sale. A salealed bids to

g Disclosure. Totential inveso the securiti

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ice Reserve Funrevenues are

count Bonds. Bs. (1) Financi

more underlyion notional axchange rate

n Policies. Ou is oversubscamong the

on policy. Thed orders and

A fund establi

TY TRANSPORT


nce between investing thebitrage earne

curities.

ater maturityncipal amoun

ty for which

rms of the bobonds prior

portion of thof time. Inter

y short-term, y a line of cre

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The principlestors would es be made a

redit supportt enhancemen

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nd. The fund insufficient t

onds that are

ial instrumenng index or amounts whos, equities or

utline as to hcribed. The s syndicate. he highest prd Member or

ished to hold

TATION AUTHO

t Policy 2015.docx

the interest e security ded pursuant t

y within an nt of the orig

there are no

ond contractto their state

he proceeds orest is commo

unsecured pedit with a ba

ies by an isse securities in

e that accurabe likely to

available on a

t purchased nts consist o

nterprises as

in which moto satisfy the

e priced for s

nts whose retsecurity, andose value is dr commoditie

how an invesenior managThere are triority is giverders are give

d moneys ple

ORITY

GLOSSARY

paid on thedebt proceedto the investm

issue of boginal issue.

o sinking fund

t giving the ised dates of m

of an issue thonly capitaliz

promissory nank. suer in whichn contrast to

ate and como consider man ongoing b

by the issueof bond insu

defined by

oneys are pladebt service

sale at a subs

turn profile id may includederived fromes). estor’s order ging underwrthree primaren to Groupen the lowes

edged and to

an issue of tds in higherment of on t

onds that co

d payments p

ssuer the righmaturity at a

hat is set asidzed for the c

notes issued i

h underwritea negotiated

mplete informmaterial in mbasis. er to raise thurance, direct

the Transpo

aced which me requiremen

stantial discou

s linked to, oe a leveragin

m an underlyin

is filled whriter and issury classificatip Net orderst priority. be used to p

tax exempt sr-yielding tathe proceeds

ontains a dis

prior to the s

ht to redeemspecific pric

de to pay intonstruction p

in either regi

ers or syndid sale. mation matermaking inves

he credit ratit or standby

ortation Auth

may be used nts. unt from the

or derived frong factor, or ng index or s

hen a maturituer decide shions of ord; the next pr

pay debt serv

DEBT PO

RESOLUTION 1

Pag

ecurities debaxable securi

from issuan

sproportiona

stated maturi

m all or a portce, usually at

erest on the period of the

stered or bea

cates of und

rial to the trtment decisi

ting of the isy letters of cr

hority’s curr

to pay debt

eir face or pa

om, the mov(2) financial security (inter

ty in an undhow the bondders, which riority is give

vice on an ou

LICY 15-XX

e 16 of 18

bt and the ities. IRS ce of tax-

tely large

ity date. tion of an or above

securities e project. arer form,

derwriters

ransaction ions with

ssue. The redit, and

rent DBE

service if

ar value. vement of contracts rest rates,

derwriting ds will be form the en to Net

utstanding

80

SAN FRAN

DRAFT

M:\Finance\201

Expenses. DTC chacomputer

Grant Anprojects,

Grant Anto fund tr

Letters of Cspecified

Managemethe struct

Members. UNegotiatedpursuant

Original Ioffering p

Original Isamount a

Pay-As-Yobligation

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Rebate. A pay the IRbond yielprofit pen

Sales Tax for operasources.

Selling Grrather as distributio

Syndicate Pprice limi

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Underwriteto investo

NCISCO COUNT

5\Memos\01 Jan\Poli

Compensatearges, travelr time and po

nticipation Notwhich are pa

nticipation Reveransportation

Credit. A banamount of f

ent Fee. The fturing phase

Underwriter

d Sale. A meto which suc

Issue Discount.price at the ti

ssue Premium. at the time it

You-Go. An issns.

Value. The cur

lacement. The to being pub

requirementRS an amounld calculatednding payme

and Revenue Aating purpos

roups. The grthose who

on at the pub

Policies. The itations and m

ation Infrastruced States Dep

ter. A dealer tors.

TY TRANSPORT


es senior m, syndicate eostage. tes (GANs). Said from the

enue Vehicle Fn projects tha

nk credit facilfunds for a lim

fixed percentof a transact

s in a syndica

ethod of salch underwrit

. The amounime it is origi

The amountis originally o

suer elects to

rent value of

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d pursuant toent subject to

Anticipation Nses, which ar

roup of secureceive secu

blic offering

contractual omarket transa

cture Finance Ipartment of T

that purchase

TATION AUTHO

t Policy 2015.docx

anagers for expenses, de

Short- term proceeds of

Financing (GAat are secured

lity supportinmited term.

tage of the grtion. ate other than

le in which ter will purch

nt by whichinally offered

t by which thoffered to an

o finance a p

f a future cas

acement of d or sold. y the Tax Rets profit earno the IRS coo certain exce

Notes (TRANre paid from

urities dealersurities less thprice. obligations pactions.

Innovation ActTransportatio

es new issue

ORITY

out-of-pockealer fees, o

notes issuedState or Fed

ARVEE) are d by certain

ng the payme

ross spread w

n the senior

the issuer chase and mark

h the originad to an invest

he public offn investor.

project with

h flow. an issue wit

eform Act oned from inveode togethereptions.

Ns). Short-termm the procee

s who partiche selling co

placed on th

ct (TIFIA). Loon for transp

s of municip

ket expenses overtime exp

d by the goveral grants o

bonds issuefederal grant

ent of bonds

which is paid

underwriter.

chooses oneket the bond

al par amountor. fering price o

existing cash

th one or a

f 1986 wherestment of br with all inc

m notes issueds of sales

cipate in an oncession fro

he underwriti

oans and loaportation pro

pal securities

including: upenses, comm

vernment unf any type.

ed by the Stats.

wherein the

d to the man

. e underwriteds. nt of an issu

of an issue e

h flow as opp

a limited num

reby the issuebond proceedcome earned

ued by a govtax or other

offering notom the mana

ing group re

an guaranty ojects of regio

from the Is

DEBT PO

RESOLUTION 1

Pag

underwritersmunication

nit, usually fo

ate and enabl

e bank agrees

naging underw

er to negotia

ue exceeds i

xceeds its or

posed to issu

mber of inv

er of the bods at a yield ad on the acc

vernment unir anticipated

t as underwraging underw

elating to dis

program proonal importa

ssuer and res

LICY 15-XX

e 17 of 18

counsel, expenses,

for capital

le entities

s to lend a

writer for

ate terms

its public

riginal par

uing debt

vestors as

nds must above the cumulated

it, usually d revenue

riters but writer for

tribution,

ovided by ance.

sells them

81

SAN FRAN

DRAFT

M:\Finance\201

UnderwriteIssuer an

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NCISCO COUNT

5\Memos\01 Jan\Poli

ter’s Discount. d the price at

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TY TRANSPORT


The different which they

n interest ratdard of meas

TATION AUTHO

t Policy 2015.docx

nce between are reoffered

te on a secursurement as,

ORITY

the price at d to investor

rity, which chstated in the

which the Urs. hanges at inte bond contr

Underwriter

tervals accorract.

DEBT PO

RESOLUTION 1

Pag

buys bonds

rding to an in

LICY

15-XX

e 18 of 18

from the

ndex or a

82

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CAL POLICY SOLUTION 15-XX

Page

gement, inclun requirement is intended ode, the cud general pru

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B. PUBLIC

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A. ADMINI

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1. SATPthlimbal

CO COUNTY TR


C REVIEW OF DRA

t budget shallic hearing atoard. Notice

6061 of the Cand the draf

ON OF A FINAL BU

stablished bority Finance

capital budgemeters (spendew of a Dration of the dr

final budget fune 30 of theet by June 3ding debt seret will be ado

DMENTS TO THE A

pt as otherww or reopen

nded during tndment durinndments to the proposed a

nded final buution.

EQUIREMENTS

ISTRATIVE OPERAT

inistrative otenance of thas staff sala

ific requireme

ALARIES AND BENThe Board shPursuant to the Californiamit of one penefits of Prll other staff

RANSPORTATIO


FT BUDGET

ll be presentet a publicly ne of the timeCalifornia Goft budget sha

UDGET

by the Transe Committeet of the Tranding limits)

aft BudgetPrraft budget t

for a given fie prior fisca

30, it must arvice. The coopted.

DOPTED BUDGET

wise providedner after the the fiscal yeang the fiscal he adopted fiamended adoudget to the

S

TING EXPENSES

operating exhe Transporaries, staff bents with res

NEFITS hall budget ahe Transpor

a Public Utilitpercent (1%) rop K prograexpenses.

ON AUTHORITY

y 2015.docx

ed at a publinoticed Trane and place overnment Call be availab

sportation Ae shall be resnsportation Aby budget li

reparation ano the Board.

iscal year shaal year. If thedopt a resol

ontinuing reso

d in this sectiBoard resol

ar to reflect year. The E

final budget; topted final bue Board. Th

xpenses inclrtation Authoenefits, offic

spect to certa

annually for rtation Authoties Code), thof the annua

am administr

Y

c hearingis ssportation Aof the publi

Code no laterble for publi

Authority’s Asponsible forAuthority. Thine item as dnd Review o

all be approvee Transportalution to conolution shall

ion, the adoplution has pactual reven

Executive Dithe Finance udget, and fohe amended

lude all expority, includice lease costain budgeted

the compenority’s enablihe Transportal net amounrative person

subject to puAuthority meic meeting shr than the 15ic inspection

Administrativr review of thhe Finance Cdetailed in Sof a Draft B

ed and adoptation Authorntinue servicinclude a da

pted final bupassed. The nues and expirector shall Committee s

or making a rfinal budget

penses relating, among ots, equipmenexpenses are

nsation (salaring legislatiotation Authont of Prop Knnel, and will

FISC

RES

ublic considereeting prior thall be publi5th day priorn at least 15

ve Code, thhe proposed

Committee shSection III.ABudget, and

ted by resolurity is unableces and paymate certain by

udget is not adopted fina

penses incurrbe responsib

shall be resporecommendat shall be ad

ted to the others, othernt rental, supe set forth be

ries and benon (Sections ority will obsK revenues fol follow appl


Page

ration in the to being apprished pursuar to the day odays prior t

he Transportd overall operhall set the b

A. Preparationshall recomm

ution of the Be to adopt ament of expey which the a

subject to fual budget mred to the dable for proponsible for re

ation regardindopted by B

operations r related exppplies, and telow.

nefits) of its 131100 et s

serve the stator the salarielicable statute

2 of 6

form roved ant to of the to the

tation rating udget n and mend

Board a final enses, nnual

urther ay be ate of

posing eview ng the Board

and penses travel.

staff. seq of tutory es and es for

84

SD

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SAN FRANCISC

DRAFT

M:\Finance\2015\Mem

2. EMTlinexpTdfu

3. PEAesmnnexnfral

B. DEBT S

Propofinancmust Strate

C. CAPITA

CapitAuthoPropodocumthe C

D. PROGRA

The Tperceoccurprovisepar

E. OTHER

The Eneces

V. CAPITAL EX

As proviCommitt

CO COUNTY TR


MERGENCY EXPENThe Executivne items by uxpenditures ublic, or to

The Executivays of the emuture recomm

ETTY CASH A petty cash stablished a

miscellaneousot exceed twot be limitexpenses, andecessary androm time tollocation from

SERVICE

osed debt scings within adhere to t

egic Plan and

L EXPENDITURES

tal Expenditority’s capitaosition AA Amentation sh

Capital Expen

AM AND OPERATI

Transportatioent (15%) ofrring during ided in this Pate budget lin

FUNCTIONAL CAT

Executive Dssary.

XPENDITURE A

ided by theee shall be

RANSPORTATIO


NDITURES e Director isup to seventthat are madrepair/restor

ve Director smergency exmended actio

revolving aand maintains expenses owo hundred ed to, outsidd other pracd conveniento time to sem the operat

ervice includthe fiscal ye

the policies od the Transpo

tures shall bal expenditurAdministratohall provide anditures line i

NG RESERVE

on Authorityf the estimatthe budgete

Policy, will dene item.

TEGORIES

Director may

ALLOCATIONS

e Transporta responsible

ON AUTHORITY

y 2015.docx

s authorized ty-five thousade to protecre damaged/shall submit xplaining the ons.

ccount in thned by the f the Transpand fifty dolde photocopctical expenst for proper ek reimbursting budget.

des debt serear. Decisionoutlined in tortation Auth

be listed as re programmor, and CMAa detailed lisitems.

y shall allocaed net annud fiscal yearemonstrate th

y designate o

ation Authoe for recom

Y

to exceed thand dollars ($t the health,

/destroyed pa report to tnecessity of

he amount oExecutive

portation Aullars ($250). pying expenses as determadministratioement of th

rvice of outns to fund cathe Transpohority Debt P

a single linming roles, wA and TFCA

ting of the c

ate not less al sales tax r. The adoptehe percentag

other functio

rity’s Adminmmending a

he overall adm($75,000), for, safety, and roperty for tthe Finance f the action,

of one thousDirector f

uthority. IndiSuch miscel

nses, office mined by thon. The Exehis account

tstanding deapital expendrtation AuthPolicy.

ne item for which current

local admincapital progra

than five perevenue as aed final budge and amou

onal categori

nistrative Coallocation of

FISC

RES

ministrative or the actual cwelfare of t

the TranspoCommittee a listing of

sand dollars for the purividual expenllaneous expsupplies, mehe Executivecutive Directo the maxi

ebt as well ditures throu

hority’s most

each of thtly are Prop

nistrator. Supams and pro

ercent (5%) a hedge againdget, as it maunt set aside i

ies as deeme

ode, the Plf funding f


Page

operating expcost of emergthe agency ortation Authwithin thirtyexpenditures

($1,000) mrposes of pnditures shallenses includeeting and e Director tctor is authoimum balanc

as of anticiugh debt issut current ado

he TransportK Administ

pplemental bojects that su

and up to finst an emergay be amendin the reserv

ed appropria

lans & Progfor those c

3 of 6

pense gency or the hority. y (30) s, and

ay be paying l may

de but travel to be orized ce by

ipated uance opted

tation trator, udget pport

fifteen gency

ded as ve as a

ate or

grams capital

85

SD

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V

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SAN FRANCISC

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M:\Finance\2015\Mem

expenditureviewingresolutionstrategic categorieencompaas necessFiscal andprogramsStrategic

Changes revision uthat excebudget toallocated respective

For allocmaximumyear of aCapital Ereimburseactions. Tadopted i

VI. DEBT ISSU

As defineCommittAuthorityAuthorityfor financ

VII. INVESTME

As defineFinance CAuthorityTransporinvestmen

VIII. REPORTING

The ExecTransporhave beenand the Transpor

CO COUNTY TR


ure programsg the Plans n. The Transplan that des, funding ass the period

sary. The Strd Debt Polics and projecPlan in force

in the capitaunless such ceed the amouo be recomcapital fund

e Capital Exp

cations with m reimbursemllocation sha

Expendituresement schedThe Transpoin the origina

UANCE

ed by the Traee shall be ry. Please refey, for the debcing eligible p

NTS

ed by the TrCommittee shy funds. Pleartation Authnt-related act

G REQUIREME

cutive Directrtation Authon implementTransportati

rtation Auth

RANSPORTATIO


s and project& Programssportation Aerives from tand deliveryd remaining orategic Plan cies to ensurects. No alloce at the time

al expenditurchanges exceunt of the b

mmended by ding for eacpenditures bu

multi-year ment level peall count agas line item fdule amountortation Authal and any su

ansportationresponsible fer to the curbt issuance pprograms an

ransportationhall be respoase refer to hority, for tivities of the

NTS

tor shall repority’s actualted pursuantion Authoritority’s finan

ON AUTHORITY

y 2015.docx

ts in the ados Committee

Authority willthe provisiony priority oon the Prop and its govee the proper cations shall of the alloca

re supplemeneed authorizaudget line itthe Finance

ch Transportudget line ite

cash distriber fiscal year, ainst the Capfor subsequs committedhority will n

ubsequent allo

Authority’s for oversight rent version

program guidd projects.

n Authority’sonsible for ovthe current the investm

e Transporta

ort to the Fil expendituret to this Fiscty investmencial transact

Y

opted final bue’s recommel adopt, mainns of the Prf projects tK Expendit

erning policieallocation ofbe approve

ation.

ntal budget dation for thetem will reque Committeetation Authoem for the fis

utions, the and only the

pital Expendient year ann

d through thnot guaranteeocation actio

Administratiof the debt of the Debt

delines regard

s Administraversight of thversion of t

ment progration Authori

inance Commes, budgetary

cal Policy, thnt program. tions and re

udget. The Bendation andntain and perop K Expento be fundeture Plan andes shall be uf funds for ad that are in

documentatioe respective buire an amene and adoptority role shscal year.

allocation re reimbursem

ditures line itnual budget

he original ane reimbursemons.

tive Code andt issuance prt Policy mainding the issua

ative Code ahe investmenthe Investm

am guidelineity.

mittee at leary performanhe Transporta

The Financcords to be

FISC

RES

Board shall bd allocating eriodically upnditure Planed. The Strd shall be upused in comand timely finnconsistent w

on do not cobudget line itndment to thted by the

hould be no

resolution shment amounttem for that s shall reflend any subs

ment levels h

d its Debt Pogram for thntained by thance and ma

and its Invesnt program f

ment Policy mes regarding

ast on a quarnce, authorization Author

ce Committee audited by


Page

be responsibproject fund

pdate a multn and outlinerategic Plan pdated period

mbination witnancing of elwith the ado

onstitute a btem. Any chhe approvedBoard. The greater than

hall spell out authorized ibudget year

ect the maxisequent allochigher than

Policy, the Finhe Transporthe Transportanagement of

stment Policyfor Transportmaintained bg all funds

rterly basis ozed variancesrity debt pro

ee shall causy an indepen

4 of 6

le for ds by ti-year es the

shall dically th the ligible opted

udget anges

d final total

n the

ut the in the r. The imum cation those

nance tation tation f debt

y, the tation

by the and

on the s that ogram se the ndent,

86

SD

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M:\Finance\2015\Mem

certified presults of

X. PROCUREM

It shall beand servirequire a local new131285 ashall be aemergencAuthorityby a twomaterials

Procurembe award

The seleclandscapemanagemqualificatithe Trans

All procuinformal competiti

A. DISADV

Any pappliccontr

B. CONFLI

No eor in intereofficecontr

C. CONTRA

Apprgoodthousexecuprovibudge

CO COUNTY TR


public accouf the audit.

MENT OF GOOD

e the policy oices. Procureformal bid p

wspapers or nd 131286, fawarded to tcy declared by, or, if after

o-thirds vote may be purc

ments of supped to the low

ction of proe architectu

ment firms, sions necessasportation Au

urement tranquote, or b

ion.

VANTAGED BUSINE

procurementcable non-dracting policie

CT OF INTEREST

mployee, offthe award o

est, real or aer, or agent ractors, poten

ACTS

oval of the Bs or professiosand dollars ute all such ided that theet, as amend

RANSPORTATIO


untant firm a

DS AND SERVIC

of the Transpements in amprocess inclu

other mediformal procuthe lowest reby the vote rejecting bidof all of its

chased at a lo

plies, equipmwest responsi

ofessional seral, engineeshall be on ry for the sauthority’s Pro

nsactions, regy negotiation

ESS ENTERPRISE R

t whether foriscriminationes in place at

ficer or agenr administratapparent, as shall solicit

ntial contract

Board is requonal services($75,000) in contracts th

e amounts ared in accorda

ON AUTHORITY

y 2015.docx

at least annua

CES

portation Aumounts greatuding advertia outlets. P

urement of suesponsible bof two-thir

ds received, s voting memower price in

ment, and maive bidder fo

ervices, of suering, envirothe basis of

atisfactory peocurement P

gardless of dn, shall be c

REQUIREMENT

rmal or inforn, minority/t the time of

nt of the Trantion of a condefined by or accept g

tors or partie

uired prior tos that authoria fiscal year.

hat authorizee consistent ance with thi

Y

ally and a rep

uthority to coter than sevesing requestsursuant to Cupplies, equi

bidder after cds of the vothe Transpo

mbers that, ithe open ma

aterials in amllowing an in

uch as legal,onmental, laf demonstraterformance oPolicy.

dollar value conducted in

rmal shall co/local/women

procuremen

nsportation Antract if such

state statutegratuities, faves to sub-agre

o the executioizes payment The Execut

e payments nwithwere idis Policy for

port to be su

ompetitively enty-five thos for bids anCalifornia Pipment, and competitive oting memb

ortation Authin its opinioarket.

mounts equalnformal com

, financial aand surveyinted compete

of the service

and regardlen a manner

omply with thn-owned bu

nt.

Authority shh participatioe and applicvors or anytheements.

on of any cots that in thetive Directornot in exces

dentified and the current f

FISC

RES

ubmitted to

bid the procousand dolla

nd/or proposPublic Utilitie

materials in beddingbidd

bership of thhority determon the suppli

l to or less tpetitive bid p

advisory, privng, or conence and ones required in

ess of wheththat promot

he Transporusiness and

hall participatn would resu

cable case lawhing of mon

ontract for th aggregate exr is authorizess of $75,00included in

fiscal year or


Page

the Board o

urement of gars ($75,000)sals in appropes Code Secexcess of $7

ding, except he Transportmines and deies, equipme

than $75,000process.

vate architecnstruction prn the professn accordance

her by sealedtes free and

rtation Authoother appli

te in the seleult in a conflw. No emplnetary value

he procuremexceed seventyed to approv00 per fiscal

the adoptedr, in the even

5 of 6

on the

goods shall priate ctions 75,000

in an tation clares

ent or

0 shall

ctural, roject sional e with

d bid, open

ority’s icable

ection lict of loyee, from

ent of y-five

ve and year,

d final nt that

87

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M:\Finance\2015\Mem

the cExecusimilaExecuof theadopt

The fBoardfor pras app

No cAuthoPlan. restric

The Taccouinvestrequir

CO COUNTY TR


contract wasutive Directoar scope andutive Directoe amendmented final bud

foregoing nod approval, arograms andproved by sp

contractual oority in exceAll expendi

ctions placed

Transportatiunting servictment and dred by the Tr

RANSPORTATIO


s not complor is authorid nature, anor may execunt does not exdget.

otwithstandinall standard gd projects defpecific Board

obligations, ass of its abiliitures shall cd on the use o

on Authorityces. Said co

disbursement ransportation

ON AUTHORITY

y 2015.docx

leted in a szed to amen

nd to increasute such amexceed $75,00

ng, the Execugrant agreemfined in the

d action.

administrativity to pay, ascomply with of said funds

y shall estabontracts shal

of funds, pan Authority.

Y

single fiscal nd contracts se or reduceendments wit00 and so lon

utive Directoents based uadopted fina

e or capital, s defined by

all federal, s.

blish contracll include payroll functio

year, the coto extend ti

e the total athout prior B

ng as the ame

or is authoriupon a grant al budget sup

shall be assthe adopted state, and lo

cts for bankiprovisions foons, and ong

FISC

RES

ontiguous fiime, to add amount of tBoard approvendment is c

ized to execuaward to a s

pplemental d

sumed by thfinal budget

ocal statutor

ing, investmor the receigoing financi


Page

fiscal year(s).or delete tasthe contract.val, if the amonsistent wit

ute, without sponsoring agdocumentatio

he Transportt and the Strary and other

ment and stanipt, maintenial data repo

6 of 6

. The sks of . The

mount th the

prior gency on, or

tation ategic

r legal

ndard nance, orts as

88

SAN FRAN

DRAFT

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I. IN

Tfoac

TApino53re

II. SC

TT

BApIninInIn

III. PR

InInmtacoa st

IV. O

Tar

1)

2)

NCISCO COUNT

5\Memos\01 Jan\Poli

NTRODUCTION

The purpose or a prudent ctivitiesproce

The investmeAuthority (the

rovisions of n accordancef Chapter 4 3600 et seq.)elevant bond

COPE

This policy Transportatio

Bond proceeAuthority Boa

ermitted invn addition tonvestment annvestment Pnvestment Po

RUDENT INVES

n managing nvestor” stan

managing an oaking into aconditions, thprudent per

tewardship o

BJECTIVES

The primary ore:

) Safety.Investto ens

) Liquiditliquid flow r

TY TRANSPORT

cies\Att 06 Draft Inves

of this docuand systema

edures.

ent policies ae Transportastate law and

e with the Trof Part 1 o

). The investd documents.

covers all n Authority.

eds shall beard- approveestments, bo

o the securitind forward Policy, the policy do not

STOR STANDAR

its investmendard as statoverall portfcount the pr

he anticipatedrson acting inof funds of a

objectives, in

Safety of ttments of thure preserva

ty. The Tranto enable th

requirements

TATION AUTHO

stment Policy 2015.do

INVES

ument is to seatic investmen

and practicesation Authorid to prudentransportationf Division 2tment of bon

funds and

e invested ined (Board) boond proceedsies listed in Sdelivery agr

percentage oapply to bon

RD

ent program, ted in Gove

folio. Investmrevailing circud needs of thn a fiduciary like characte

n priority ord

the principale Transporta

ation of the p

nsportation Ahe Transpor.

ORITY

ocx

STMENT PO

et out policient policy and

s procedures ity) are, in evt money mann Authority’s2 of Title 5 ond proceeds

investment

n the securond documens will be inveSection IX breements. Nor dollar po

nd proceeds.

the Transpoernment Codments will beumstances, in

he Transportacapacity and

er and purpos

er, for the Tr

l is the foreation Authorprincipal of th

Authority’s rtation Auth

OLICY

es and proced to organize

of the San very case, sunagement pris Investmentof the Califowill be furth

t activities

rities permitnts. If the boested in the sbelow, bond

Notwithstandiortfolio limi

ortation Autde Section 53e made with cncluding, buation Authord familiar witse.

ransportation

emost objectrity will be uhe funds und

investment ority to mee

INV

edures that ee and formali

Francisco Cubject to andinciples. All ft Policy, and ornia Governher restricted

under the

tted pursuanond documensecurities perproceeds maing the otheitations liste

thority will o3600.3, applcare, skill, pr

ut not limitedrity and otheth those mat

n Authority’s

tive of the undertaken inder its contro

portfolio wiet its reason

VESTMENT PO

RESOLUTION 1

Pa

enhance oppize investmen

ounty Transd limited by afunds will beapplicable p

nment Coded by the prov

jurisdiction

nt to Transnts are silentrmitted by thay also be iner provisioned elsewhere

observe the lied in the corudence and d to general eer relevant factters would u

s investment

investment n a manner tol.

ill remain sunably anticipa

LICY

15-XX

ge 1 of 11

ortunities nt-related

sportation applicable e invested provisions e (Section visions of

n of the

sportation t as to the his policy. nvested in ns of this e in this

“Prudent ontext of diligence, economic ctors that use in the

t activities

program. that seeks

ufficiently ated cash

Attachment 6 89

SAN FRAN

DRAFT

M:\Finance\201

3)

V. D

MAABinAinAby

VI. ET

Oplaim

VII. IN

TIn

VIII. AU

TfiTsethand

IX. PE

CpTbunfi

PwAre

NCISCO COUNT

5\Memos\01 Jan\Poli

) Return managand ecparam

ELEGATION OF

Management’sAuthority BoAuthority TreBoard may rennvestment trAuthority manvestment dAuthority. Th

y the Execut

THICS AND CO

Officers, androcess will n

awful executmpartial decis

NTERNAL CONT

The Transpornvestment Po

UTHORIZED FIN

The Executivinancial serv

Transportatioelected on thhe State of Cnd other reqeposit will be

ERMITTED INV

California Gourchase by

Transportatioelow. The pnreasonable inancial instit

Percentage limwhere indicateAuthority is equirement, t

TY TRANSPORT


on Investmeged with theconomic cycl

meters and the

F AUTHORITY

s responsibilard and is heasurer. Pursnew the deleansaction exay retain thecision-maki

he advisor wiltive Director

NFLICT OF INT

d employees anot engage intion of the sions.

TROLS

rtation Autholicy and wit

NANCIAL INSTI

ve Director wvices providn Authority

he basis of cralifornia. Th

quirements ue made excep

VESTMENT INS

overnment Cthe Trans

n Authority portfolio wiland avoidab

tutions.

mitations, wed, apply at tsubject to athe Executiv

TATION AUTHO


ent. The Tre objective oles commense cash flow c

lity for the hereby delegsuant to theegation pursuxcept as prove services oing and to ll follow the .

TEREST

and agents on any personinvestment

hority will esth the applica

ITUTIONS AND

will establishders authoriz

will establishredit worthin

hese include punder Secuript in a qualifi

TRUMENTS

Code Section sportation Aseeks to fur

ll be diversifble concentr

where indicatthe time of pa rating chanve Director w

ORITY

ocx

ransportationof attaining asurate with thcharacteristic

investment pgated to the e requiremenuant to this svided under of an investexecute invepolicy and s

of the Transpnal business program, or

stablish interable requirem

DEALERS

h and maintzed to provh and maintaness, that areprimary dealeties and Excied public de

53601 goveAuthority. Wrther restrictfied by secuation risks r

ed, apply aturchase. In tnge that bri

will notify the

n Authoritya market ratethe Transporcs of the port

program is Executive D

nts of the Cection each ythe limits o

tment advisoestment transuch other w

portation Autactivities thar which cou

rnal controlsments of the

tain a list ofvide investmain a list of ae authorized ers or regionchange Comepository as e

erns and limWithin tho

t eligible inveurity type anregarding spe

t the time othe event a seings it belowe Board of th

INV

y’s investmene of return trtation Authotfolio.

derived fromDirector actiCalifornia Goyear. No per

of this policyor to advisensactions fo

written instruc

thority involvat could conuld impair t

s to ensure California G

f financial inment serviceapproved secto provide i

nal dealers thammission Ruestablished b

mits the invesose investmestment to t

nd institutionecific securit

of purchase. ecurity held bw the minimhe change. Th

VESTMENT PO

RESOLUTION 1

Pa

nt portfoliothroughout bority’s investm

m the Transing as Transovernment Crson may engy. The Transe it with rer the Transctions as are

ved in the innflict with prtheir ability

compliance Government C

nstitutions aes. In addicurity brokernvestment seat meet the n

ule 15c3-1. Nby state law.

stments perment limitatithe investmen, to avoid ty types or i

Rating requby the Transmum specifihe course of

LICY 15-XX

ge 2 of 11

o will be budgetary ment risk

sportation sportation Code, the gage in an sportation espect to sportation provided

nvestment roper and to make

with the Code.

and other tion, the r/dealers, ervices in

net capital No public

mitted for ons, the

ents listed incurring

individual

uirements sportation ied rating f action to

90

SAN FRAN

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M:\Finance\201

bfoan

1

2

3

4

5

6

NCISCO COUNT

5\Memos\01 Jan\Poli

e followed wor the rate dnd the curren

. Unitedwhichand ininvest

. Federaparticiprincipenterpinvest

. Repurpercenrestricare acdeliverhandlesecuritof thequartefluctuaof thebusine

. Obligabondscontrorated organimay b

. RegistCalifopropeauthorthe obstatistithe po

. Bankeare elirated iexceedmore Banke

TY TRANSPORT


will then be droprating rednt market pri

d States Treah the faith annterest. Thered in this cat

al agency ipations, or opal and inte

prises. Thereed in this cat

rchase Agreemntage of the pctions will becceptable cored to the ed under a pties that und funds borro

erly. Since thations, the ine underlying ess day.

ations of thes payable soolled or operin one of thization (NRS

be invested in

tered treasuryrnia, includinrty owned, crity of any obligations areical-rating or

ortfolio that m

ers’ Acceptangible for purin the highesd 180 days mthan 30 perc

er’s Acceptan

TATION AUTHO


decided on a duction, progice of the sec

asury notes, nd credit of tre is no limitegory.

or United other instrumerest by fed

e is no limitategory.

ments not toportfolio thae observed: Oollateral. All Transportati

properly execderlay a repurowed against he market vanvestments in

securities is

e State of Colely out ofrated by the she two highSRO). There n this categor

y notes or bng bonds payontrolled, or

of the other e rated in onrganization (may be inves

nces issued brchase by thest category b

maturity or 4cent of the Tnces of any o

ORITY

ocx

case-by-casegnosis for recurity.

bonds, billsthe United Sttation as to

States govments, includderal agenciation as to

o exceed oneat may be invOnly U.S. Tr

securities uion Authori

cuted tri-partrchase agreethose securi

alue of the un repurchase brought ba

California or f revenues fstate or any lest categorieis no limitat

ry.

bonds of anyyable solely or operated by49 United S

ne of the two(NRSRO). Tsted in this ca

by domestic oe Federal Resby a NRSRO0 percent of

Transportatione commerc

e basis, consecovery or fu

, or certificatates are pledthe percent

vernment-spding those ises or Unitethe percenta

e year duratiovested in this reasury securunderlying rity’s custodity repurchaseement will beities and the vunderlying see agreements ack up to 10

any local afrom a revelocal agency;es by a natiotion as to th

y of the otheout of the revy a state or byStates, in addo highest cateThere is no lategory.

or domestic serve System

O. Purchases f the Transpon Authority’

cial bank.

INV

sidering suchurther rate d

ates of indebdged for the tage of the p

ponsored enssued by or fed States goage of the p

on. There is n category. Thrities or Federepurchase an bank vee agreement.e valued at 1value will be

ecurities is su will be in co

02 percent n

agency withinenue-produci; provided thonally recogn

he percentage

er 49 Unitedvenues fromy a departme

dition to Caliegories by a limitation as

branches of m, the short-te

of Banker’s ortation Auth’s portfolio m

VESTMENT PO

RESOLUTION 1

Pa

h factors as thdropsrating re

btedness, or payment of

portfolio tha

nterprise obfully guarantovernment-sportfolio tha

no limitationhe following eral Agency agreements

ersus paymen. The market02 percent o

e adjusted noubject to dailompliance if

no later than

n the state, ing propertyhat the obliganized statistie of the port

d States in adm a revenue-pent, board, agifornia, provnationally reto the perce

f foreign bankerm paper ofAcceptanceshority’s port

may be invest

LICY 15-XX

ge 3 of 11

he reason eductions

those for f principal at may be

bligations, teed as to ponsored t may be

n as to the collateral securities must be

nt or be t value of or greater less than ly market the value the next

including y owned, ations are ical-rating tfolio that

ddition to producing gency,; or vided that ecognized entage of

ks, which f which is s may not tfolio. No ted in the

91

SAN FRAN

DRAFT

M:\Finance\201

7

8

9

10

1

12

NCISCO COUNT

5\Memos\01 Jan\Poli

. Commnumbmeet organiassets than ccorpotrust, not limpaper paper outstaportfo

. Mediusecuritcorpoinstitucorpoof meportfo

. FDIClocatematuri

To beassocirating federaCalifoto Secassesscomm

0. Negotcharteunion of dep

1. State obe revmay bmaxim

2. The CCalifolaw truGover

TY TRANSPORT


mercial paperer rating as pall of the ized and opin excess of

commercial pration will bor limited liamited to, ovthat is ratedmay not e

anding paper olio.

um-term corpties with a rations orga

utions licenserate notes wedium-term nolio.

insured or d in Californity or 10 perc

e eligible toation, or fedof not less

al financial rnia’s comm

ction 2906 ofment of th

munities, cons

tiable certificered bank, a

or by a stateposit may not

of Californiaviewed periodbe invested imum allowed

California Asrnia Governust establishernment Cod

TATION AUTHO


r of “prime” provided by acriteria in eerating with

f five hundrepaper, if anye organized wability compaer collateralid “A-1” or exceed 270

of an issuin

porate notesmaximum

anized and ed by the U.S

will be rated innotes will n

fully collaternia. Purchasecent of the T

o receive locderally insure

than “satisfsupervisory

munities, incluf Title 12 of

he insured dsistent with s

cates of depsavings asso

e-licensed brat exceed 30 p

a’s Local Agedically. Therein this categ

d by LAIF.

set Managemnment Code. ed pursuant e of the Sta

ORITY

ocx

quality rateda NRSRO. Teither (1) orin the United million doy, that is ratwithin the Uany, has progizations, lettehigher, or edays’ matur

ng corporatio

s, defined as remaining operating w

S. or any statn a rating ca

not exceed 3

ralized time es of time ceTransportatio

cal agency med industrial factory” in itagency of

uding low- anf the United depositories’ safe and soun

posit or depociation or aanch of a forpercent of th

ency Investme is no limita

gory. Howeve

ment Program The Prograto Section 6

ate of Califor

d the highest The entity thar (2) as folloed States as

ollars ($500,0ted “A” or h

United States gram wide crers of credit,equivalent byrity nor repon, or 25% o

all corporatmaturity of

within the Ute and operatategory “A” o30 percent o

certificates oertificates of on Authority’

money, a bloan compa

ts most receits record o

nd moderateStates Code.ability to

nd operation

posit notes a federal assreign bank. Phe Transporta

ment Fund (Lation as to ther, the amou

m, as authoram constitute6509.7 of Titrnia which i

INV

ranking or oat issues the cows: (1) thea general c

00,000), andhigher by a as a special

redit enhanc, or surety by a NRSRO.present morof the Trans

te and deposf five yearsUnited Stateting within thor better by

of the Trans

of deposit indeposit may’s portfolio.

bank, savingsany shall havent evaluatioof meeting -income neig. The FFIEmeet the c

ns.

issued by aociation, a s

Purchases of ation Author

LAIF). The Lhe percentageunt invested

rized by Sectes shares in tle 1, Divisioinvests exclu

VESTMENT PO

RESOLUTION 1

Pa

of the highescommercial pe corporationorporation,

d will issue deNRSRO; orpurpose corements inclu

bond; has co. Eligible core than 10%sportation A

sitory institus of less, ises or by dhe U.S. Meda NRSRO. Pportation A

n financial iny not exceed

s associationve received aon by the ap

the credit ghborhoods, C provides aredit needs

a nationally state or fedenegotiable ce

rity’s portfoli

LAIF portfole of the port

d may not ex

tion 53601 (a California

on 7, Chapterusively in inv

LICY 15-XX

ge 4 of 11

t letter or paper will n will be will have ebt, other r (2) the rporation, uding, but ommercial ommercial % of the uthority’s

ution debt ssued by

depository dium-term Purchases uthority’s

nstitutions 1 year in

n, federal an overall ppropriate needs of pursuant

an overall of their

or state-eral credit ertificates io.

lio should tfolio that xceed the

(p) of the common

r 5 of the vestments

92

SAN FRAN

DRAFT

M:\Finance\201

13

14

1

16

X. IN

Tinin

NCISCO COUNT

5\Memos\01 Jan\Poli

permitCalifo

3. Insuredeposfor mThere categoCode portiohave aper G

4. PlacemprivatefinancThe fmaximdeposCDs arestric

5. The SperceninvestCountspecifiComm

6. SharesmarkeInvestsubdiv

The pcommTransp

NELIGIBLE INVE

The Transpornterest-only sn zero interes

TY TRANSPORT


tted by subdrnia, as it ma

ed savings acits, a financia

meeting the cis no limitat

ory. Bank deSection 536

on that is cova signed agreovernment C

ment Servicee sector enti

cial institutionfull amount mum term oit insurance.and Negotiabcted to five ye

San Franciscntage of thements of Trty Treasury fically requimissioners pr

s of beneficiaet funds regtment Compvision these c

Attain the less than tw

Have an iSecurities managing of five hun

purchase primission that t

portation Au

ESTMENTS

rtation Authstrips that arest accrual if h

TATION AUTHO


divisions (a)ay be amende

ccount or moal institutionredit needs tion as to theposits are re30 et. seq. Tvered by fedeeement with Code Section

e Certificatesity that assistns located inof the prinf each certif. The combible CDs is limears.

o City and e portfolio ransportation

Pool to agre the app

rior to purcha

al interest issgistered withpany Act ofcompanies sh

highest rankwo NRSROs

investment aand Exchangmoney mark

ndred million

ice of sharethese compa

uthority’s por

hority will ne derived froheld to matur

ORITY

ocx

to (o) of Sed.

oney market n must have r

of Californiahe percentageequired to beThe collateraeral deposit iany deposito

n 53649.

s of Depositts in the placn the Unitedncipal and thficate of depined maximumited to 30%

County Treathat may b

n Authority fgencies of thproval of ase or accept

sued by diverh the Securif 1940. To hall have mee

king or highes.

advisor regisge Commiss

ket mutual fun dollars ($50

s of beneficanies may chrtfolio.

ot invest anom a pool of rity.

Section 5360

account. To received a ma communitie of the porte collateralizealization requinsurance. Tory accepting

t (CDs). Cercement of c

d States (Govhe interest tposit shall aum portfolio%. The maxi

asury Pool. be invested funds investhe City andthe Transp

tance.

rsified managities and Exbe eligible et either of th

est letter and

stered or exsion with nounds with as00,000,000).

cial interest harge and w

ny funds in f mortgages, o

INV

01 of the G

be eligible tominimum oveties in its motfolio that med as specifieuirements m

The Transporg Transporta

rtificates of dertificates ofvernment Cothat may be

at all times bo exposure timum investm

There is noin this cateed in the Sa

d County ofportation A

gement compxchange Cofor investmhe following

numerical ra

xempt from ot less than fsets under m

purchased will not excee

inverse floaor in any sec

VESTMENT PO

RESOLUTION 1

Pa

Government

o receive locerall satisfactoost recent ev

may be invested under Govay be waivedrtation Authoation Author

deposit placef deposit witode Section e accrued dube insured bto Placemenment maturi

o limitation egory. Any an Francisco f San Franc

Authority B

panies that aommission u

ment pursuang criteria:

ating provide

registration five years’ ex

management

will not inced 20 percen

aters, range curity that co

LICY 15-XX

ge 5 of 11

Code of

cal agency ory rating valuation. ed in this vernment d for any ority shall rity funds

ed with a th eligible 53601.8). uring the

by federal nt Service ity will be

as to the loans or City and

cisco will Board of

re money under the nt to this

ed by not

with the xperience in excess

clude any nt of the

notes, or ould result

93

SAN FRAN

DRAFT

M:\Finance\201

XI. M

Insc

Wnagyeoth

XII. R

TArein

TpthoAexTPre

XIII. SA

AdseT

NCISCO COUNT

5\Memos\01 Jan\Poli

MAXIMUM MAT

nvestment mcheduled so a

Where this Poo investmengreement, thears, unless tr as a part ofhe investmen

EPORTING REQ

The ExecutivAuthority Boaeport each qndividual inve

Type o Issuer Purch Matur Purch Par va Amor Curren Credit Overa Sale D

The quarterly olicy, or manhe Transportf contracted

Authority to xplanation a

TransportatioPool the Exeecent investm

AFEKEEPING A

All security trelivery-versuelected by th

Transportatio

TY TRANSPORT


TURITY

maturities wias to permit

olicy does nont will be mhat at the timthe Board haf an investment.

QUIREMENTS

ve Director ard. In additquarter, whicestment:

of investmenr name ase date

rity date ase price

alue tized cost nt market vat rating all portfolio yDate of any in

report also wnner in whichtation Autho

d parties, andmeet its e

as to why n Authority’

ecutive Direcment report f

AND CUSTODY

ransactions eus-payment bhe Transportan Authority

TATION AUTHO


ill be based the Transpor

ot specify a mmade in any me of the inveas granted exent program

will submittion, the Exch will inclu

nt instrument

lue and the s

yield based onnvestment so

will (i) state ch the portfol

ority’s funds, d (iii) includxpenditure rsufficient ms investmentctor will profurnished by

entered into basis. Securitation Authoras beneficiar

ORITY

ocx

on a reviewrtation Auth

maximum remsecurity, oth

estment has xpress authorapproved by

t a quarterlyecutive Dire

ude, at a mi

t

source of the

n cost old prior to m

compliance olio is not in cinvestmentse a statemenrequirements

money may, ts held in theovide the Trathe Office o

by the Tranties will be hrity. The secury.

w of cash fhority to meet

maining matuher than a a term remairity to make y the Board n

y list of traector will subinimum, the

e valuation

maturity

of the portfolcompliance, s or programnt denoting s for the nor may, no

e City and Coansportation

of the Treasur

nsportation Aheld by an inurities will b

INV

flow forecastt all projecte

urity at the timsecurity undining to matthat investm

no less than

ansactions tobmit to the e following i

lio to the sta(ii) include a

ms that are unthe ability o

next six moot be availaounty of San

n Authority Brer and Tax C

Authority windependent

be held direct

VESTMENT PO

RESOLUTION 1

Pa

ts. Maturitied obligations

me of the invderlying a returity in exce

ment either spthree month

o the TransBoard an ininformation

atement of ina description nder the manof the Transonths, or prable. For al

n Francisco’sBoard with Collector.

ill be conducthird-party c

tly in the nam

LICY 15-XX

ge 6 of 11

es will be s.

vestment, epurchase ess of five pecifically

hs prior to

sportation nvestment

for each

nvestment of any of nagement sportation rovide an ll of the Treasury the most

cted on a custodian me of the

94

SAN FRAN

DRAFT

M:\Finance\201

XIV. IN

Twco

NCISCO COUNT

5\Memos\01 Jan\Poli

NVESTMENT PO

The Executivwhich the Boonsidered by

TY TRANSPORT


OLICY REVIEW

ve Director woard will cony the Board a

TATION AUTHO


will annuallynsider at a

at a public me

ORITY

ocx

y render to tpublic meeteeting.

the Board ating. Any ch

INV

a statement ohanges to th

VESTMENT PO

RESOLUTION 1

Pa

of investmenhe policy wil

LICY 15-XX

ge 7 of 11

nt policy, ll also be

95

SAN FRAN

DRAFT

M:\Finance\201

AGENCASKED.

BANKERThe accep

BENCHMportfolio.of the po

BID. TheOffer.

BROKERCERTIFILarge-den

COLLATrepaymen

COUPONbond’s fa

DEALEhis own a

DEBENTDELIVEpayment of moneyreceipt fo

DERIVAmovemenfinancial security (i

DISCOUthan faceat a disco

DISCOUand redee

DIVERSreturns.

NCISCO COUNT

5\Memos\01 Jan\Poli

CIES. Federal

The price at

RS’ ACCEPpting institut

MARK. A co. A benchma

ortfolio’s inve

e price offere

R. A broker b

ICATE OF Dnomination C

TERAL. Secnt of a loan. A

N. (a) The anace value. (b)

R. A dealer, account.

NTURE. A bo

ERY VERSUand delivery

y for the secuor the securiti

ATIVES. (1)nt of one orcontracts bainterest rates

UNT. The dife value. A secount.

UNT SECURemed at matu

SIFICATION

TY TRANSPORT


l agency secu

t which secur

TANCE (BAtion guarante

omparative bark should reestments.

ed by a buyer

brings buyers

DEPOSIT (CCD’s are typi

curities, evideAlso refers to

nnual rate ofA certificate

as opposed t

ond secured o

US PAYMENy versus receiurities. Delivies.

) Financial ir more undeased upon nos, foreign exc

fference betwcurity selling

RITIES. Nonurity for full

N. Dividing i

TATION AUTHO


urities and/or

rities are offe

A). A draft oees payment o

base for measepresent a clo

r of securitie

s and sellers t

CD). A time dically negotia

ence of depoo securities p

f interest thae attached to

to a broker, a

only by the g

NT. There aipt. Delivery

very versus re

instruments erlying indexotional amouchange rates,

ween the costbelow origin

-interest beaface value, e.ginvestment f

ORITY

ocx

GLOSSARY

r Governmen

ered.

or bill or excof the bill, as

suring the peose correlatio

es. (When yo

together for a

deposit withable.

osit or other pledged by a

at a bond’s ia bond evide

acts as a prin

general credit

are two methversus paym

eceipt is deliv

whose returx or security,unts whose vequities or c

t price of a snal offering p

aring money g., U.S. Treas

funds among

nt-sponsored

change acceps well as the i

erformance oon to the leve

ou are selling

a commissio

h a specific m

property, whbank to secu

ssuer promisencing intere

ncipal in all tr

t of the issue

hods of delivment is delivevery of secur

rn profile is , and may invalue is deri

commodities)

security and iprice shortly

market instrsury Bills.

g a variety o

INV

d enterprises

pted by a baissuer.

or risk toleranel of risk and

g securities, y

on.

maturity evide

hich a borrowure deposits o

ses to pay thest due on a p

ransactions,

er.

very of secuery of securirities with an

linked to, nclude a levived from an).

its maturity wafter sale als

ruments that

of securities

VESTMENT PO

RESOLUTION 1

Pa

.

ank or trust c

nce of the ind the average

you ask for a

enced by a C

wer pledges of public mo

he bondholdpayment date

buying and s

urities. deliveities with an

n exchange of

or derived fveraging facton underlying

when quotedso is conside

are issued a

offering ind

LICY 15-XX

ge 8 of 11

company.

nvestment e duration

bid.) See

Certificate.

to secure onies.

er on the e.

selling for

ery versus exchange f a signed

from, the or, or (2) index or

d at lower ered to be

a discount

dependent

96

SAN FRAN

DRAFT

M:\Finance\201

FEDERAvarious ccooperati

FEDERAdeposits,

FEDERApegged by

FEDERAregional bbanks, ththe housi

FEDERAcharteredworking largest sinis called, adjustablehighly liqreceive tim

FEDERAReserve BFederal RCommittGovernmmoney.

FEDERAconsisting5,700 com

FINANCbe preparreport, caccountan

GOVERNinfluencincommercfull faith FmHA m

LIQUIDIsubstantiaand asked

NCISCO COUNT

5\Memos\01 Jan\Poli

AL CREDITclasses of insives, and exp

AL DEPOSIcurrently up

AL FUNDS y the Federal

AL HOME banks), whicrift institutioing related as

AL NATIOd under the Funder the aungle provideris a private

e mortgages quid and aremely paymen

AL OPEN MBoard and fivReserve Bankee periodica

ment Securiti

AL RESERg of a seven mmercial ban

CIAL STATEred in accordertificate, ornt.

RNMENT Nng the volucial banks, sa

and credit omortgages. Th

ITY. A liquial loss of vald prices is na

TY TRANSPORT


T AGENCIEtitutions and

porters.

IT INSURA to $100,000

RATE. Thel Reserve thr

LOAN BANh lend funds

ons, credit unssets of its m

ONAL MORFederal Natiouspices of thr of residentistockholder-and second

e widely accent of principa

MARKET Cve of the twek is a permanally meets toes in the op

VE SYSTEMmember Bo

nks that are m

TEMENTS. Fdance with gr opinion of

NATIONAL ume of bankavings and loof the U.S. he term “pas

id asset is olue. In the m

arrow and rea

TATION AUTHO


ES. Agencied individuals,

ANCE CORP0 per deposit.

e rate of interough open-m

NKS (FHLB)s and provid

nions and insembers who

RTGAGE Aonal Mortgaghe Departmenial mortgage -owned corploans, in addepted. FNMal and interes

COMMITTEEelve Federal nent membero set Federa

pen market a

M. The centoard of Govemembers of t

Financial statenerally accef an indepen

MORTGAGk credit gua

oan associatioGovernments-throughs”

one that canmoney markeasonable size

ORITY

ocx

s of the Fed, e.g., S&L’s,

PORATION .

erest at whichmarket opera

B). Governmede correspondurance compmust purcha

ASSOCIATIge Associationt of Housinfunds in the

poration. Thedition to fixe

MA assumes st.

E (FOMC). Reserve Ban

r, while the oal Reserve g

as a means o

tral bank of ernors in Wathe system.

tements are aepted accounndent certifie

GE ASSOCIaranteed by ons, and othet. Ginnie Mais often used

n be converet, a security e can be done

deral governsmall busin

N (FDIC). A

h Fed fundsations.

ent sponsoredent bankingpanies. The mase stock in t

ION (FNMAn Act in 193ng and UrbaUnited State

e corporationed-rate mortgand guarant

Consists ofnk Presidentsother Presideguidelines reof influencin

f the Unitedashington, D

an overview nting principled public ac

CIATION (GGNMA an

er institutionae securities d to describe

rted easily ais said to be

e at those qu

INV

nment set upess firms, stu

federal agen

s are traded.

ed wholesaleg services tomission of ththeir district

MA). FNMA38. FNMA isan Developmes. Fannie Mn’s purchasegages. FNMAtees that all

f seven mems. The Presidents serve onegarding pur

ng the volum

d States creatD.C., 12 regio

of the agencles and shall ccountant or

GNMA or Gnd issued byns. Security h

are backed Ginnie Mae

and rapidly e liquid if th

uotes.

VESTMENT PO

RESOLUTION 1

Pa

p to supply udents, farm

ncy that insu

This rate is

e banks (curo member cohe FHLBs is Bank.

A, like GNM a federal co

ment (HUD)Mae, as the coes include a vA’s securitiesecurity ho

mbers of thedent of the Nn a rotating brchases and

me of bank c

ted by Congonal banks a

cy’s finances be accompar independe

Ginnie Mae). y mortgage holder is pro

by the FHAes.

into cash whe spread bet

LICY 15-XX

ge 9 of 11

credit to mers, farm

ures bank

currently

rrently 12 ommercial to liquefy

MA was rporation . It is the rporation variety of s are also lders will

e Federal New York basis. The

sales of credit and

gress and and about

and shall anied by a nt public

Securities bankers,

otected by A, VA or

without a tween bid

97

SAN FRAN

DRAFT

M:\Finance\201

LOCAL subdivisio

MARKEMASTERbetween the translender to

MATURpayable.

MONEYbankers’ a

OFFER. See Asked

OPEN Mthe open the volumstimulate Federal R

PORTFOPRIMARactivity anare subje(SEC)-reg

PRUDENsuch as acalled legprudent pcapital.

QUALIFthe paymhas segremaximumpublic de

RATE Omarket pr

REPURCinvestor weffect lenstructuredWhen the

NCISCO COUNT

5\Memos\01 Jan\Poli

GOVERNMons that are p

T VALUE.

R REPURCthe parties toactions. A mliquidate the

RITY. The da

Y MARKET.acceptances,

The price asd and Bid.

MARKET OPmarket by th

me of moneygrowth of m

Reserve’s mo

OLIO. Collect

RY DEALERnd positions

ect to its infgistered secu

NT PERSONa trustee, magal list. In othperson of di

FIED PUBLIment of any segated for thm liability andposits.

OF RETURNrice. This ma

CHASE AGwith an agreends the “selled to compene Fed is said

TY TRANSPORT


MENT INVEplaced in the

The price at

CHASE AGo repurchasemaster agreeme underlying

ate upon wh

. The markeetc.) are issu

sked by a sell

PERATIONShe New Yorky and credit money and cst important

tion of secur

R. A group and monthlformal overs

urities broker

N RULE. Anay invest moher states the scretion and

IC DEPOSITsales or comphe benefit of d which has

N. The yield ay be the amo

GREEMENTement to reper” money f

nsate him forto be doing R

TATION AUTHO


VESTMENT e custody of t

t which a secu

GREEMENTe—reverse rement will ofsecurities in

hich the prin

et in which ued and trade

ler of securiti

NS. Purchasesk Federal Rein the econ

credit; sales hand most fle

rities held by

of governmely financial ssight. Primar-dealers, ban

n investmentoney only in

trustee may d intelligence

TORY. A finpensating us

f the commisbeen approv

obtainable ortized yield

T (RP OR REpurchase themfor the perior this. DealerRP, it is lend

ORITY

ocx

POOL (LGIthe State Tre

urity is tradin

T. A writtenepurchase agrften specify, the event of

ncipal or stat

short-term ed.

ies. (When y

s and sales oserve Bank a

nomy. Purchahave the oppexible monet

an investor.

ent securitiestatements tory dealers in

nks, and a few

t standard. Ina list of secinvest in a sewho is seek

nancial institse or ad valossion eligibleved by the Pu

on a securitto maturity o

EPO). A hom at a fixed

od of the agrrs use RP extding money th

IP). The aggeasurer for in

ng and could

n contract reements thaamong othedefault by th

ted value of

debt instru

you are buyin

of governmeas directed byases inject reposite effect.tary policy to

s dealers who the Federalnclude Securw unregulated

n some stateurities selectecurity if it isking a reason

tution whichorem taxes une collateral hublic Deposi

ty based on on a bond th

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ons, regardlehat maximizr formal bid p

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RANSPORTATIO


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102

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RANSPORTATIO


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pated to be procure all suality; easilymade to th

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ost assumptiopanel, if any

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RANSPORTATIO


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nd concise sta

dures or speh were alleged

fic instance(s)rocedures;

factual sundence;

esolution of t

nature of ind

irector shall and issue a dexecutive Dire

decision to thdays of the

ision of the E

be referred told a hearinghe appeal, tthat the decis

he Finance Cesting party earliest convwed fifteen (

ON AUTHORITY

nt Policy 2015.docx

within the earrtation Auth

ered further or proposer.

ed when the Failure to fileprocedures. WAuthority shacted. Such tive to the un

d by an actuclude the foll

r entity filing

telephone nu

tact person;

c procuremen

atement of th

ecifications cdly not comp

) of Transpo

upport for

the protest; a

dividual, or au

review and cecision withiector is not s

he Transportadate of the

Executive Di

to the Financg on the matthe Finance sion of the E

Committee ashall be no

venience of t(15) minutes

Y

rlier of five (hority’s findior (ii) an aw

Transportatie a timely prWithin five (all notify the

notice shalntimely prote

ual bidder or lowing inform

protest;

umber of indi

nt and the ac

he protest, in

contained in plied with, or

ortation Aut

the prote

and

uthorized rep

consider all sin five (5) busatisfactory toation Authordecision. Th

irector.

ce Committetter. If a majCommittee

Executive Dir

agrees to acctified of thehe Finance Cto present it

(5) business ing that the

ward of the co

tion Authoritrotest shall c(5) business de individual oll constituteest.

proposer remation:

ividual or en

ction or decis

ncluding iden

bid documer

thority failur

st, includin

presentative

stated concerusiness days oo the protestrity Board. The appeal m

ee, which shajority of the shall recom

rector shall b

cept the appee hearing daCommittee. Ats case. The T

PROCUREME

RES

days after (i)bidder or p

ontract by th

ty actually reonstitute a wdays of receior entity thae the final

esponding to

ntity;

sion being pr

ntification of:

ents or requ

e to follow

ng relevant

of entity, filin

rns and issueof receipt of ting party, th

The appeal mumust clearly s

all consider wFinance Com

mmend to thbe final.

eal and holdate and timeAt the hearinTransportatio


Page

) notice, actuproposer’s bhe Transport

eceives the prwaiver of theipt of an untat the protes

decision of

o the procure

rotested;

:

uest for prop

its policy po

document

ng the protes

es alleged to the protest.

he protesting ust be filed wstate the bas

whether to ammittee doe

he Transport

d a hearing oe, which shang, the proteon Authority

6 of 7

ual or bid or tation

rotest e right timely st was f the

ement

posals

olicies

s or

st.

be in If the party

within is for

accept es not tation

on the all be esting y staff

105

SD

M

SAN FRANCISC

DRAFT

M:\Finance\2015\Mem

shall Finan

Uponthe drecomFinandetermBoardinconnotifiTrans

VI. CONTR

No cAuthoStrateprocuexceeautho$75,0includAuthocompauthoand tsuch excee

All exlegalcontrExecuagreerende

CO COUNTY TR


then be allonce Committ

n conclusion decision of

mmendation nce Commitmines that add may accepnsistent with ication to thsportation Au

RACT ADMINIS

contractual oority in the egic Plan. Apurement of ged seventy-fiorized to app000 per fiscaded in an tority the Fis

pleted in a orized to ameo increase oramendment

ed $75,000.

xpenditures restrictions

racts in confoutive Directoments for co

ering paymen

RANSPORTATIO


owed fifteen ee may exten

of the hearithe Execu

shall be subttee’s recomdditional timt the recommthe recomm

he protester uthority.

STRATION

obligations, aexcess of it

pproval of thgoods or proive thousandprove and exal year, provthe adopted cal Policy fosingle fiscal end contractsr reduce the s without pr

shall complyplaced on t

ormance withor and/or hisompliance w

nt upon comp

ON AUTHORITY

nt Policy 2015.docx

(15) minutesnd these time

ing, or if theutive Directbmitted to th

mmendation me to conside

mendation oendation of tof its decis

administrativts ability to he Board is rofessional sed dollars ($7xecute all sucvided that th

final budgor the curren

year, the cs to extend titotal amounrior Board a

y with all fedthe use of sh the monets/her design

with the termpletion of ser

Y

s to present e periods at it

e Finance Coor and rejehe Board. Tat its next

er the appeal of the Financthe Finance sion which s

e or capital, pay as defin

required prioervices that a75,000) in ach contracts he amounts et, as amen

nt fiscal year contiguous fime, to add ot of the contapproval, if t

deral, state ansaid funds. Tary limits est

nee has the rems and condirvices or deli

the Transpots discretion.

ommittee’s dect the app

The Board sht regularly sis required. T

ce CommitteCommittee. shall constitu

shall be assned by the aor to the execauthorizes paa fiscal yearthat authoriare consiste

nded in accoor, in the ev

fiscal year(s)or delete tasktract. The Exthe amount

nd local statThe Executitablished in tesponsibility

ditions establiivery of good

PROCUREME

RES

ortation Auth.

determinationpeal withouhall review ascheduled mThe Transpo

ee or determi The Board ute the fina

sumed by thadopted finacution of anyayments thatr. The Execize paymentsent with weordance witvent that the. The Execks of similar xecutive Direof the amen

tutory requirive Director the adopted for monitori

lished in the ds and mater


Page

hority’s case

n is to agreeut a hearingand act upo

meeting unleortation Authine to take ashall issue w

al decision o

he Transportal budget any contract fot in the aggr

cutive Directs not in exceere identifiedth Transport contract wa

cutive Directscope and nector may exndment doe

ements and shall execu

final budgeting all contracontract an

rials as agreed

7 of 7

e. The

e with g, its n the ess it hority action

written of the

tation d the or the regate tor is ess of d and tation as not tor is ature,

xecute es not

other ute all t. Theactual

nd for d.

106

SAN FRANCI

DRAFT TRAVE

M:\Finance\201

TRAVE

I. PURPO

A. PubuCoheguTrdo

B. Geanexpof bekngoreireaanTr

C. LimcoTransub

II. ELIGIB

A. Eligemindreibeinc

B. Eligauto (re

ISCO COUNTY TR

EL, CONFERENCE,

5\Memos\01 Jan\Poli

EL, CONFE

OSE AND GENE

rpose. This dusiness expenounty Transprein referred

uidelines are dransportationocumented pr

neral Policy. Td/or convenpenses for tr

f the Transpnefit of atten

nowledge anovernment oimburse Traasonable and Transporta

ransportation

mitations. Travnsistent wit

ransportationd necessary bject to the l

BILITY

gible Personnmployees (Trdividuals unimbursement authorized fcluding empl

gible Travel Exthorized Trathe restrictio

eceipts requir

RANSPORTATION

, TRAINING AND B

cies\Att 08 Travel and

ERENCE, T

ERAL POLICY

document esnses, and eportation Aud to as Trandesigned to s

n Authority (rocedures in

The Transponient for authravel, trainingportation Aundance at m

nd provide perations anansportation d prudent petion Author

n Authority.

vel and meeth associaten Authority p

expenses folimitations se

nel. Expensesansportation

nder contractt of travel anfor the purpoloyment inter

xpenses. The ansportation ons identifiedred for expen

AUTHORITY BUSINESS EXPEN

d Reimbursement Polic

TRAINING

stablishes a sstablishes pruthority (Transportation Asafeguard pu(Authority) aa consistent

ortation Authorized Trang and other buthority. Ad

meetings, conopportunitie

nd issues. ThAuthority

rson would irity purpose

eting expendid policies personnel ar

or eligible exet forth herei

s are authorn Authority pt to the Aund conferencose of condurviews.

following exAuthority bud later in thinses greater t

SE REIMBURSEM

cy.docx

G AND BUSPOLICY

set of policierocedures foansportation Authority peublic funds anand its person

manner.

thority recognsportation Abusiness pur

dditionally, thnferences andes to exchahe policy ofpersonnel fincur when tand are dee

itures shall nestablished

re entitled toxpenses incuin.

rized for Trpersonnel). Inuthority for ce expenses aucting busine

xpenses are eusiness, traveis policy. Reithan $25.00)

MENT POLICY

SINESS EXP

es relating toor reimburse

Authority)ersonnel, fornd to insure nnel are usin

gnizes that iAuthority perrposes in conhe Transpord other funcange informf the Transpfor such extraveling on emed necess

not exceed tby the Tra

o claim reimurred in the

ransportationn addition, twhich the

as noted in tess on behalf

eligible for reel, conferencimbursementfor amounts

PENSE RE

o travel, conement of elcCommissio

r such expenensure the S

ng the most

in some instrsonnel to exnnection withrtation Auth

ctions which mation relate

portation Auxpenses, travofficial busi

sary and/or

the approvedansportation

mbursement fdischarge of

n Authority these policieapproved c

the contract. f of the Tran

eimbursemences, meetingsts shall be fos not to exce

RESOLUTION 1

P

EIMBURSE

nference, trailigible San Foners and emnses. These rSan Francisceconomical

tances it is xpend sums ah the officialhority recogn

advance proed to transputhority is tvel and feeiness and whadvantageou

d budget andn Authority.for actual, ref their offici

Commissios will apply

contract provTravel expe

nsportation A

nt in connec, and training

or actual expeed the per d

15-XX

Page 1 of 8

MENT

ining and Francisco mployees, rules and o Countyand well-

necessary and incur l business nizes the ofessional portation, to pay or es that a hich serve us to the

d shall be Eligible easonable ial duties,

oners and for those vides for

enses may Authority,

ction with g, subject

penditures diem rates

Attachment 8 107

SAN FRANCI

DRAFT TRAVE

M:\Finance\201

anSe1. 2. 3.

4.

C. Norei1. 2.

3.

D. Exphoarrothtak

1 Per diem AdministraDepartmenDefense (Dannually by

ISCO COUNTY TR

EL, CONFERENCE,

5\Memos\01 Jan\Poli

d allowancervice, and/oMeals; Lodging; Transportatmileage alloand Miscellaneo

a. Local andmost ecofor Financharges iand the n

b. Registratitraining o

c. Tips to p

d. Purchase

e. Business training o

f. Unforese

n-Eligible TraimbursementPersonal telConstructivAuthority bu

a. if two itranspor

b. if an india lodgin

Expenses w

pense Limitatiours requiredrival shall beher costs. Inke advantage is an allowance

ation (GSA) estnt of State estabDOD) establishy the respective

RANSPORTATION

, TRAINING AND B


s establishedr United Stat

tion charges owances,; par

us expenses:

d long distanonomical prance and Admn excess of $

nature/need

ion fees forof profession

porters, not to

e of necessary

expenses in or travel statu

een or unusu

avel Expensest for the folloephone callse expenses, usiness but w

ndividuals trtation costs,

ividual on a tng expense. which are exce

ons. Reimburd to transact e at the traven that event, of the reduc

e for lodging (exablishes per die

blishes the foreies non-foreign Federal agency



d by the Getes Departme

(, including rking,; bridge

nce business cticable com

ministration $5.00 per dafor the call;

r attending nal societies o

o exceed $2 p

y training or

connection wus; and

al expenses w

s. Transportowing items:; which are th

were not; suc

traveled toge, then one wo

trip stayed w

essive or unr

rsement of cTransportatieler’s expensit is up to th

ced airfare by

xcluding taxes),em rates for design rates (for exrates such as A

y.

SE REIMBURSEM

cy.docx

eneral Servicent of Defen

commercial e and road to

telephone cmmercial serv

and only appay shall be ite

conferences,or communit

per bag;

conference m

with the prep

which are jus

tation Auth

hose which mch as:

ether to a ould be maki

with friends o

reasonable as

costs shall beion Authoritye unless it ishe traveler’s y traveling at

, meals and incistinations withixample, Russia,

Alaska, Hawaii,

MENT POLICY

ces Adminisnse (USDOD

carrier fareolls,; and nec

alls, faxes anvice,. subject proved if deemized to in

, seminars, ty organizatio

materials or s

paration of c

stified, neces

hority person

might have b

meeting in ing a “constr

r relatives, it

s determined

e based on thy business. Cs shown thadiscretion a

t an earlier/la

idental expensein the Continen, Aruba, BahamPuerto Rico, an

stration (GSAD) as appropr

s,; rental carcessary taxi o

nd internet ato review by

eemed reasonclude to who

conventionsons;

supplies;

clerical or off

sary and sub

nnel are no

been incurre

one car anructive” claim

t would be “c

by the Tran

he minimumCosts incurret the savings

as to whetherater date.

es. The United ntal United Stat

mas, Europe, etcnd Guam. Thes

RESOLUTION 1

P

A), Internal riate 1 :

r charges,; pror public tran

ccesstelegramy the Deputynable and prom the call w

s, meetings,

fficial reports

bstantiated.

ot eligible

ed for Trans

nd each claim; or

constructive”

sportation A

m number of ed due to ears in airfare or he or she w

States General tes. The Unitedc.). The Departse rates are revi

15-XX

Page 2 of 8

Revenue

rivate car nsit fares);

ms by the y Director roperAny was made

or other

while on

to claim

sportation

imed full

” to claim

Authority.

days and rly or late outweighs wishes to

Services d States tment of iewed

108

SAN FRANCI

DRAFT TRAVE

M:\Finance\201

E. Casor shAacan

III. TRAVE

A. AppmaFoforavFinapFoDicoCoreqinc

B. LocTrveneinc

C. Oulim

D. Tradeco

IV. PROCE

A. ExpAusubad

Thtraamdoanau

ISCO COUNTY TR

EL, CONFERENCE,

5\Memos\01 Jan\Poli

sh Advance. Covernight tr

all not be lesauthorizationnceled or ind

EL AUTHORIZAT

proval. Beforeay take placeormtravel autrm to the Deailable in thnance and Aproval. Tran

ormtravel auirector is aunsistent with

ommittee anquests in excurring any r

cal Travel. Loransportationrbal approvacessary, a Tcurring reimb

t-of-Area Travmits.

avel Authorizatstination, pusts for transp

EDURES FOR C

pense Report.uthority shalbmitted withequate docum

he total amoaveler on an mount listed ocumentationy amount inthorization f

RANSPORTATION

, TRAINING AND B


Cash advanceravel if requess than $100 n Fform. Addefinitely pos

TION

e any Transpe, Transportthorization feputy Directhe TransportAdministrationsportation

uthorization uthorized toh this policy.nd the Chairxcess of $5,0eimbursable

ocal travel, wn Authority wal from their Travel Authobursable expe

vel. Out-of-ar

tion Form. Thurpose and juportation, me

CLAIMING EXPE

. Any reimbll be claimedhin 45 days mentation su

ount of all eExpense Reon the Tra

n of the excen excess of tform shall n



s may be reqested a minim

nor more thdvances musstponed.

portation Autation Authoform to theiror forof Finatation Authon will forwaAuthority Cform to th

o approve t. The Execurperson of th000.00. All expenses. .

which does without pre-vrespective su

orization Forenses.

rea travel is d

he Travel Auustification feals, lodging,

ENSE REIMBUR

bursement fd on an Exof incurring

upporting the

expenses pereportexpenseavel Authoriss cost mustthe estimatednot be allow

SE REIMBURSEM

cy.docx

quested to comum of ten whan the estimst be refund

uthority paid ority personnr supervisor ance and Adority’s budge

ard the approCommissione

he Executivetravel requesutive Directohe Transportravel reque

not involve verification oupervisor andrmtravel auth

defined as 50

uthorization for the trip, d, registration,

RSEMENT

for expensesxpense Repog the expense expenses.

rtaining to a report formization Formt be providedd cost approed. If the ca

MENT POLICY

over anticipatworking daysmated expensded immedia

or reimbursnel must firsfor approva

dministrationet for the toved form toers must su

e Director fsts for Tranr will informrtation Authests must be

overnight tof travel fundd the Executthorization f

0 miles or mo

Formtravel departure an, and other e

s incurred oortexpense res, and the

particular tm. If the totamtravel authd. In the abseoved on the ash advance

ted travel exps before depases listed on ately when a

ed overnightst submit a al, who will fn to verify thatravel. The o the Executubmit the Tfor pre-apprnsportation

m the Chairphority of all e approved

travel, can bds availabilitytive Directorform shall b

ore beyond t

authorizationd return datexpenses.

on behalf ofreport. Expereports shal

trip should bal actual cost horization foence of a satTravel Auth

e exceeds the

RESOLUTION 1

P

penses for ouarture. Cash the approvean authorize

t or out-of-aTravel Auth

forward the at sufficient Deputy Dirtive DirectorTravel Authroval. The E

Authority pperson of the

Commissionin advance,

be reimbursey but staff shr. If overnighe submitted

the San Fran

on form shates, and the e

f the Transense reports ll be accomp

be accountedt of a trip exorm, justificatisfactory exphorization Foe actual reim

15-XX

Page 3 of 8

ut-of-area advances

ed tTravel ed trip is

area travel horization approved funds are

rector for r for final horization Executive personnel e Finance ner travel

prior to

ed by the hall obtain ht travel is prior to

ncisco city

all list the estimated

sportation shall be

panied by

d for the ceeds the ation and planation, ormtravel

mbursable

109

SAN FRANCI

DRAFT TRAVE

M:\Finance\201

expRe

B. Natno

C. Pethocla

D. Reqwh

E. Reexpcoto offrecauforReinv

F. Coor reprepassth

G. ExpquthetheactnoGocomemereq

V. PREPAAll rminimrequirat the

ISCO COUNTY TR

EL, CONFERENCE,

5\Memos\01 Jan\Poli

pense, then eportexpense

ture of Claim. ot for “constr

r Diem Adjustose instanceaimed on the

quired Informahich reimbur

ceipts. Receipenditures fnference or travel. Claim

fficial businesceipt and nathorized expr expenses geportexpensevolved shall n

mmissioner Retraining at th

port of suchport must incsociated withe meeting, c

penses Not Cualify for reime Transportae expense istivity conduc

ot limited toovernment Cnference or ember of a ember of aquirements o

AYMENT OF COequests for

mum of ten rement canneir own risk a

RANSPORTATION

, TRAINING AND B


the travelee report.

Claims mustructive” expe

tments. Per ds where me

e Expense Re

ation. Each clsement is be

ipts or proofor public cseminar regis

ms must be rss in-transit tarrative to supenses incurregreater than e report and not be allowe

eports. Transhe expense o

h at the nextclude a statemh, Transportaconference,

overed by Trambursement uation Authors related to cted in compo ethics trainCode. Lodgin

activity spolegislative b

a legislative of this policy.

ONFERENCE/SEprepaymentworkings d

ot be met, Tand seek reim



er shall imm

t be for actuenses.

diem claims als are prov

eportexpense

laim must cleing claimed.

of of paymearrier fares, stration fees,recorded andtravel destinaubstantiate cled costing ov$25.00, a s

the reason ged.

sportation Auof the Transpt regular Boament of howation Authoror training

ansportation Aunder this pority Board, inlodging in

pliance with ning requireng costs shansor, providody at the tbody shall

.

EMINAR/TRAINt of conferedays in adva

Transportatiombursement o

SE REIMBURSEM

cy.docx

mediately ret

ual and neces

will be adjuvided gratis oe report.

early indicate

ent must berental cars,

, and for anyd certified onation, Transplaimed travever $25.00. Ifstatement togiven. In abse

uthority Comportation Auard meetings

w the Commirity businessthat could b

Authority Policolicy, to be ren a public mconnection California G

ed by Articleall not exceedded that the time of boo

use compa

ING FEES ence/seminarance of the n Authority on the Expen

MENT POLICY

turn the ex

ssary expense

usted, using tor as part o

e the date, n

e submitted, lodging (in

y unusual itemn an Expensportation Auel expenses ff a receipt ca

o that effect ence of a sat

mmissioners uthority shallsession of thissioner’s att, and includbe helpful to

cy. In the eveimbursable,

meeting beforwith a conf

Government Ce 2.4 (commd the maximlodging at t

oking. If thearable lodgi

r/training wconference/personnel mnse Reportex

xcess amoun

es consistent

the appropriof a registrat

nature of exp

d with the cndicating thems or items nse Reportexputhority persfor lodging aannot be obta

shall be mtisfactory exp

attending a l provide a bhe Transporttendance has de any mato other Com

vent where a, the expensere the expenference or oCode s. 5495mencing wit

mum group rthe group rae group rate ing that is

will be subm/seminar/tra

may personallyxpense repor

RESOLUTION 1

P

nt with the

t with this d

iate per meation or any

pense and am

claim to sube single ratenot specificalpense reportonnel must pand a receipained or has

made on the planation, th

meeting, corief written tation Authoan impact o

terials distrimmissioners

an expense e shall be appnse is incurreorganized ed52.2(c ), incluth s§. 53234rate publisheate is availab

is not availconsistent

mitted for apaining. If they pay registrart.

15-XX

Page 4 of 8

Expense

document;

al rate, in other fee

mount for

bstantiate e), meals, lly related t. For any provide a

pt for any been lost Expense

e amount

onference, and oral

ority. The on, or was ibuted at s.

does not proved by ed, unless ducational uding but 4) of the ed by the ble to the lable, the with the

pproval a e ten-day ation fees

110

SAN FRANCI

DRAFT TRAVE

M:\Finance\201

VI. MEAL

A. Gepeis thepeshgramu

B. ReAuthe1.

2.

3.

4.

5.

C. LocTrMenoapbe

D. OuareRebefedin be

E. Spaurei

ISCO COUNTY TR

EL, CONFERENCE,

5\Memos\01 Jan\Poli

EXPENSE

neral. Transprsons not emtransacting be business mrson expendall not exceatuities, but nust be approv

strictions. Thuthority perse following c

to attend aaffairs becato attend conduct Trto attend Transportapublic agento act as examining official funto attend oto reasonaprovide mereimbursem

cal Area Mealransportationeal expenses

ot exceed thpropriatethe justified in w

t-of-Area Meaea must beeimbursemen provided foderal standarInternal Rev justified in w

ecial Functionthorized conimbursement

RANSPORTATION

, TRAINING AND B


portation Aumployed by thbusiness. The

meeting, must diture shall noed the per not the cost ved in advan

he purchase onnel are re

circumstancea breakfast, luause of the oa meeting b

ransportationconsecutive

ation Authorncy meeting thost for offboards, offi

nctions; and off-site traininably priced meals to the attment in accor

s. Reimbursen Authority b incurred prihe per diem

following cowriting.

als. Reimburse approved

nt for out-of-or expenditurd meal allowvenue Servicwriting.

ns. Reimburnferences, prot at rates



uthority persohe Transporte name and bbe included

ot exceed a rdiem amounof alcoholic

nce by the Ex

of non-travequired, and s: unch or dinnfficial positiobetween Con Authority b

or continuity, Board ofto cover an aficial guests

ficial visitors

ng events (trameals is nottendees or aurdance with p

ement for embusiness andior to author

m rates andosts: breakfa

sement for ed on the T-area meals wures exceedinwance, as estace Publication

sement for ofessional mdifferent t

SE REIMBURSEM

cy.docx

onnel may intation Authobusiness affilin the Expen

reasonable amnt. Actual cbeverages. A

xecutive Dire

el-related mwhere appro

ner meeting con or duties oommissionersbusiness outsuing morningf Supervisorsagenda;

of the Tra, and speake

aining workst available. Tuthorize indiprovisions of

mployee memust be app

rization will d allowancesast ($7); lunch

employee meTravel Auth

will be based ng $25.00, aablished by tn 463 (or an

meals at spmeetings, or sthan the p

MENT POLICY

ncur expensority, with whliation of thense Reportexmount underosts shall inAll such expector.

eals is authooved in adva

concerning Tof the individscommissionside of normg and afters, city counc

ansportation ers or hono

shops, seminThe Executiividuals to puf this docum

eals in the loproved in adbe at the ris

s establishedh ($10); and

eals during phorization Fon either act

and in accorthe GSA or ny successor

pecial functispecial eventsper diem a

es for the phom the Trane person, as wxpense reporr the particu

nclude reasoenditures for

orized only ance by the E

Transportatiodual;

ners and stamal business hrnoon and ncil, cCommis

Authority, sored guests a

nars, and retreive Directorurchase their

ment.

ocal area mudvance by thsk of the emd by the Gdinner ($18)

periods of apFormtravel tual costs, fordance with USDOD as publication)

ions, such as or functionallowances.

RESOLUTION 1

P

purchase of mnsportation Awell as the purt. The maximlar circumstanable and cr personnele

when TransExecutive D

on Authority

aff when reqhours; night sessionssion, district

such as memat banquets

eats) and rear may elect r own meals a

ust be associae Executive

mployee. MeaGSA or USD). Unusual co

pproved tripauthorizatio

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01.08.15


Lee Saage

Tilly Chan

ACTION – Mark ThoPlanning, ProfessionNot to Exthe Constto ExceedNon-MateAdditionafor the Fo

ongestion Manation of the Fothe San Francinder agreementg design servicenc. (OCJ) for case, and cons

ation, contractoe project site nerve amount. Wo these contrac

burse the Tranon services. Thing a recommeany, Inc. by $ng services; ino a total amouruction contra

the Executivs for all threeot to exceed $4

som Contract Amendm

andum


– Deputy D

ng – Executiv

Recommendomas & Com

Environmenal Services xceed $550,70ruction Cont

d $2,369,468erial Contracal Constructioolsom and Fr

agement Agenolsom and Fremisco Office of ts with OCII, wes, S&C Enginonstruction sertructability rev

or procurementnecessitates a suWe recommend cts are continge

nsportation Autis agreement is ndation to inc$66,841 to a ncrease the amunt not to exceact with O.C. Jve Director toe contracts; a400,800 for the

ents.docx

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Director for C

ve Director

d Increasing mpany, Inc. byental, and EContract wit00, for Constract with O.; Authorizing

ct Terms andon Allotmenremont Street

ncy for San Frmont Street Off

Investment anwe have entereeers, Inc. (S&Crvices. Additionview, secure tht, and construcubstantial increthat all three c

ent on an amenthority for proanticipated to

crease the amtotal amountmount of theeed $550,700, fJones & Sonso modify conand authorizee Folsom and

ners Cohen cio)

Capital Projec

the Amounty $66,841 to Engineering th S&C Engtruction ManC. Jones & Sg the Execu

d Conditions t of $213,80t Off-Ramp

rancisco, the Tff-Ramp Realignnd Infrastructured into contractCE) for construnal effort by bhe Encroachmtion oversight. ease to the concontracts be amndment to our oject managembe amended byount of the p

t not to exce professional

for constructio, Inc. by $348

ntract paymenan additiona

Fremont Stree

(Chair), Wi

cts

t of the Proa Total AmoServices; I

gineers, Inc. nagement SeSons, Inc. by utive Director

for All Thre00 to a Total ARealignment

Transportation nment Project re (OCII), Sucts with Mark Tuction managemboth MTCo andment Permit f

Further, the unstruction cont

mended to accouexisting Memo

ment, administry the Commissrofessional seed $665,022, services cont

on manageme8,000 to a totant terms and al constructionet Off-Ramp R

RE:

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ofessional Seount Not to Increasing thby $130,000

ervices; Incre$348,000 to r to Modify ee ContractsAmount Not Project

Authority is t(project), imple

ccessor AgencyThomas & Comment support sd S&CE was n

from the Califunforeseen disctract budget thunt for the addorandum of Agative, construc

sion on OCII oervices contrac

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ervices ContrExceed $665

he Amount 0, to a Total easing the Am a Total AmoPayment Te

s; and Authoot to Exceed

the lead agencementing the pry to the Redevempany, Inc. (MTservices, and Oneeded to comfornia Departmcovery of contahat exceeds theditional efforts greement with

ction managemon January 20, 2ct with Mark T, environmenC Engineers,

ncrease the amto exceed $2,

l contract terof $213,800 toProject.

Page 1 of 5


ristensen,

ract with 5,022 for

of the Amount

mount of ount Not erms and orizing an $400,800

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115

M:\Finance\2015\Memos\01 Jan\Folsom Contract Amendments.docx Page 2 of 5

BACKGROUND

The San Francisco Office of Investment and Infrastructure (OCII), Successor Agency to the Redevelopment Agency, requested that the Transportation Authority, as Congestion Management Agency for San Francisco, be the lead agency in the implementation of the Folsom and Fremont Street Off-Ramp Realignment Project (project). This project is a major component of the Streetscape and Open Space Plan for the Transbay Redevelopment Project Area. The Folsom Street off-ramp provides a San Francisco exit from the Bay Bridge, currently touching down at Folsom and Fremont Streets. The OCII has an agreement with the California Department of Transportation (Caltrans) to realign the ramp to provide for a more functional intersection consistent with the area’s redevelopment plan. The reconfigured ramp will be parallel to the Fremont Street exit while remaining within the existing right-of-way.

On November 19, 2013, the OCII Board approved a Memorandum of Agreement (MOA) for $2,883,900 to fully reimburse the Transportation Authority for all project management, administrative, construction management, and construction costs associated with the project. In February 2008, under a previous agreement with OCII, we awarded a professional services contract to Mark Thomas & Company, Inc. (MTCo) in an amount not to exceed $300,000 for design services for the project. That contract was subsequently amended five times to a total not to exceed amount of $598,181 due to expanded scope of service, including construction-phase design support services. In November 2013, we awarded a professional services contract to S&C Engineers, Inc. (S&CE) for construction management support services for the project, in an amount not to exceed $420,700. In June 2014, we awarded a construction contract to O.C. Jones & Sons, Inc. (OCJ) in an amount not to exceed $1,984,468, with an additional construction allotment of $187,000.

DISCUSSION

At the outset of the construction phase, the project budget provided in the MOA between OCII and the Transportation Authority was $2,883,900. We authorized $2,590,454 in contracts and agreements and set aside $106,565 for Transportation Authority costs for staff time, legal consultation, and other project-related costs, with the remaining $186,881 to be used for agreements that had not yet been negotiated with the California Highway Patrol, the San Francisco Public Utilities Commission, and other agencies, as well as for potential change orders to the construction contract. The construction phase was initiated in August 2013 with procurement of the construction management consultant, who performed the constructability review and assisted us with preparation of the final construction contract documents. The construction contract was awarded in June 2014. On-site work was initiated in September 2014 with the closure of the Folsom leg of the off-ramp, which was accomplished with minimal impact to traffic. Construction of the project is generally on schedule. However, due to weather delays, construction is anticipated to be completed by May 2015.

During the constructability review, preparation of final construction contract documents, and construction contractor procurement, MTCo, S&CE, and Transportation Authority staff all spent more time than had been anticipated to complete these tasks. The additional constructability review was due to the significant differences between the Caltrans 2006 standards, upon which the pre-2013 plans and specifications were based, and the 2010 standards with which the project was required by Caltrans to conform. This necessitated that we completely revise the boiler plate language for the contracting portion of the Special Provisions. Extensive coordination with San Francisco Public Works was also required regarding its construction specifications, which also differ significantly from the Caltrans specifications. Both of these required the assistance of S&CE staff. Upon reviewing the submittals from the contractor, additional effort by S&CE has been needed to ensure submittals meet the 2010 Caltrans Standards. Further, MTCo performed additional work to secure project approval from Caltrans,

116


including responding to unexpected comments from new Caltrans reviewers, an additional full submittal to all Caltrans functional groups, extensive coordination with Caltrans structural reviewers, a full update of the Geotechnical Design Reports, and coordination with area developers as requested by OCII. The costs of these additional services are $130,000 for S&CE and $66,841 for MTCo.

During the last few months we have entered into agreements totaling $23,658 with the California Highway Patrol and the San Francisco Public Utilities Commission for services necessary to the project. We have also authorized two contract change orders for OCJ for a total of $37,000 for additional traffic control and removal of man-made buried objects (remnants of concrete piers) discovered during excavation. Several additional change orders are already in preparation for signal plan revisions due to San Francisco Municipal Transportation Agency (SFMTA) and developer comments, staging revisions due to unforeseen complications with SFMTA approval, and storm drain modifications due to field conditions differing from the plans. The estimated cost of these change orders is $55,000.

During this early stage of construction, excavated materials have been stockpiled on the project site and chemical and material tests were performed in anticipation of re-use of a portion of the material as fill material for the project. However, two stockpiles have been found to be contaminated and cannot be re-used. One stockpile has been classified as non-hazardous contaminated material due to oil contamination. This material must be off-hauled to an appropriate disposal site. A second stockpile has been classified as California Hazardous Material due to lead contamination. We presume this contamination is due to aerially deposited lead. A third area has not yet been excavated but preliminary testing suggests it also may be lead-contaminated. Working with Caltrans staff, the lead-contaminated material is likely going to be off-hauled to a Caltrans project site where it can be appropriately encapsulated within the fill embankment of that project. The total cost associated with the testing, containing, and removing of these unforeseen contaminated soils is approximately $293,000.

Change Orders Budget: In order to construct the project, the Transportation Authority has entered into agreements with the California Highway Patrol, the San Francisco Public Utilities Commission, and other agencies. In addition, construction projects are constantly dealing with unforeseen circumstances, thus project sponsors must always prepare for the unexpected. In addition to the change orders already issued or impending, there may be other change orders needed as the project progressed. To ensure continued work on the project without delays, the amended project budget includes an additional $213,800 for additional construction activities cost. This estimate is over and above the construction allotment of $187,000 previously approved through Resolution 14-84.

Funding: All project expenditures will be 100% reimbursed by OCII per the MOA with OCII for the project. The recommended amendment of the aforementioned contracts is contingent on an amendment to the MOA, which is anticipated to be approved by the OCII Commission on January 20, 2015.

Small Business Enterprise (SBE) and Disadvantaged Business Enterprise (DBE) Participation: For the Design Services Contract, we established a DBE goal of 25%. The MTCo team met that goal for design services, however with the extension of the contract to include construction-phase engineering services the expected DBE participation has dropped to 24%.

For the Construction Management Services contract, we established a SBE/DBE goal of 100%. The S&CE team has met that goal and anticipates meeting that goal with the requested contract amendment.

For the Construction Contract, at the direction of OCII, we established a SBE goal of 50%. The bid submitted by OCJ was approved by both the Transportation Authority and OCII with a SBE commitment 38.34%. It is expected that, since most of the additional services will be performed by SBE subcontractors, OCJ will exceed this commitment.

117


ALTERNATIVES

1. Recommend increasing the amount of the professional Services contract with Mark Thomas & Company, Inc. by $66,841 to a total amount not to exceed $665,022 for planning, environmental, and engineering services; increasing the amount of the professional services contract with S&C Engineers, Inc. by $130,000, to a total amount not to exceed $550,700, for construction management services; increasing the amount of the construction contract with O.C. Jones & Sons, Inc. by $348,000 to a total amount not to exceed $2,369,468; authorizing the Executive Director to modify payment terms and non-material contract terms and conditions for all three contracts; and authorizing an additional construction allotment of $213,800 to a total amount not to exceed $400,800 for the Folsom and Fremont Street Off-Ramp Realignment Project, as requested.

2. Recommend increasing the amount of the professional Services contract with Mark Thomas & Company, Inc. by $66,841 to a total amount not to exceed $665,022 for planning, environmental, and engineering services; increasing the amount of the professional services contract with S&C Engineers, Inc. by $130,000, to a total amount not to exceed $550,700, for construction management services; increasing the amount of the construction contract with O.C. Jones & Sons, Inc. by $348,000 to a total amount not to exceed $2,369,468; authorizing the Executive Director to modify payment terms and non-material contract terms and conditions for all three contracts; and authorizing an additional construction allotment of $213,800 to a total amount not to exceed $400,800 for the Folsom and Fremont Street Off-Ramp Realignment Project, with modifications.


CAC POSITION

The CAC last met on December 3 for its combined November/December meeting. The subject request was not presented to the CAC for consideration at its December meeting since costs and impacts of the contaminated materials discovery were still underway.

FINANCIAL IMPACTS

These contract amendments will be 100% reimbursed by OCII and will be included in the Transportation Authority’s mid-year budget amendment for Fiscal Year 2014/15. The project is expected to be completed within Fiscal Year 2014/15. Sufficient funds will be included in future fiscal year budgets to cover the remaining cost of this contract if necessary.

RECOMMENDATION

Recommend increasing the amount of the professional Services contract with Mark Thomas & Company, Inc. by $66,841 to a total amount not to exceed $665,022 for planning, environmental, and engineering services; increasing the amount of the professional services contract with S&C Engineers, Inc. by $130,000, to a total amount not to exceed $550,700, for construction management services; increasing the amount of the construction contract with O.C. Jones & Sons, Inc. by $348,000 to a total amount not to exceed $2,369,468; authorizing the Executive Director to modify payment terms and non-material contract terms and conditions for all three contracts; and authorizing an additional construction allotment of $213,800 to a total amount not to exceed $400,800 for the Folsom and Fremont Street Off-Ramp Realignment Project.

118


Attachments (2): 1. Mark Thomas & Company, Inc. Contract Amendment Scope of Services 2. S&C Engineers, Inc. Contract Amendment Scope of Services

119

of 2

Prepared November 6, 2014

San Francisco County Transportation Authority

County and City of San Francisco (Successor Agency to the SFRA)

FOLSOM-FREMONT OFF-RAMP MODIFICATION PROJECT

(at Westbound I-80 in San Francisco)

SFCTA Contract No. 07/08-48

REQUEST FOR ADDITIONAL DESIGN SERVICES

FOR CALTRANS APPROVAL OF PS&E AND

TO SECURE ENCROACHMENT PERMIT

Contract Amendment C

The Scope of Work described in SFCTA Contract Amendment C executed in July 31, 2013 involved

restarting the final design approval of Folsom-Fremont Off-Ramp Modification Project, which was put on

hold less than two years ago in November 2011. The project milestones that were successfully completed

before the project was stopped included Caltrans 95% PS&E submittal in May 2011 and Caltrans PID

(Project Initiation Document) approval of Permit Engineering Evaluation Report (PEER) on October

2011.

This Scope of Work for Final PS&E Approval anticipated only two (2) milestone submittals to secure the

Caltrans Encroachment Permit because the same key design and Caltrans’ engineers were still involved

with the project and had knowledge of project history. The proposed project milestones submittal to

complete PS&E phase was identified as:

100% PS&E Package (incorporating Caltrans comments dated May 2011 of 95% PS&E Package)

Final PS&E Package with Caltrans Encroachment Permit Application

However, Caltrans PS&E Approval as anticipated above took additional effort. Below describes the

engineering effort and the project timeline to obtain Caltrans PS&E approval and to secure the

Encroachment Permit for Construction.

100% PS&E Submittal on 11/12/13

The 100% PS&E Package was submitted on November 12, 2013, which the design team reviewed and

incorporated over 100 minor comments from various typical Caltrans functional units (Highway Ops,

Electrical Design, Geometric Design, Traffic Safety, Traffic Management, Materials, Structures, Toll

Bridge, Maintenance & Toll, Water Quality, Hydraulics and Construction). We also incorporated MTA

comments for the traffic signal design.

Final PS&E Submittal on 1/31/14

Through December 2013, we received Caltrans comments of this 100% PS&E package and received

unexpectedly hundred (100) new roadway comments and thirty (30) new structures comments from same

Caltrans functional units but different review engineers. These review comments were much more than

anticipated. There were no major roadway comments but significant effort to incorporate, address and

respond to. However, structures review comments required additional analysis than expected to satisfy

Caltrans’ reviewers. One of these new comments included addressing differential settlement of the

Attachment 1120

of 2

proposed MSE (Mechanically Stabilized Reinforced Earth) wall along the new alignment of off-ramp.

Even though the existing Folsom-Fremont off- ramp embankments are currently retained with similar

MSE walls on both sides, we could not prepare appropriate responses that would satisfy the Caltrans

structures reviewer. We noted MSE walls are ideal retaining walls types where settlement is expected to

occur. To satisfy this review comment, we proposed establishing a monitoring system to track settlement.

This monitoring system included installing a nail/shiner within a few of the exterior MSE wall panels and

then surveying the locations of these nail/shiners shortly after installation. Caltrans would then monitor

any movement in the future. Caltrans also informed the design team that the existing geotechnical report

had to update with the new Guidelines for preparing Geotechnical Design Reports for Earth Retaining

Systems. Also, as part of this submittal, the design team was coordinating with Block 6&7 developer and

incorporating MTA review comments on the traffic signal design.

Final#01 PS&E Submittal on 3/17/14 and Final#02 PS&E Package on 4/11/14

Through February 2014, we received about sixteen (16) comments from Caltrans on the roadway design

and two (2) comments from structures design. The design team incorporated these comments in timely

manner and resubmitted Final PS&E for approval on March 17, 2014. Unfortunately, Caltrans had a few

additional comments and the design team needed to resubmit entire PS&E package one more time on

April 11, 2014 along with SFCTA’s signed Encroachment Permit application for construction. Caltrans

issued SFCTA the Encroachment Permit for Construction on May 1, 2014.

ADDITIONAL SERVICES REQUEST Compensation of the scope changes to respond to Caltrans additional PS&E review comments and for Final PS&E approval to secure the Encroachment Permit has been computed on an hourly (time and materials) basis, based on the Charge Rate Schedule (Old Effective April 2, 2007) attached hereto with a not-to-exceed total fee, as follows:

a) Roadway Design Revisions

Assistant Engineer 60.0 hrs @ $ 109.00/hr $ 6,540

Associate Engineer 80.0 hrs @ $ 133.00/hr 10,640

Project Engineer 40.0 hrs @ $ 195.00/hr 7,800

Project Manager 20.0 hrs @ $ 205.00/hr 4,100 Subtotal $ 29,080

b) MSE Retaining Wall Design Revisions

AGS $ 3,825

Assistant Engineer 80.0 hrs @ $ 109.00/hr 8,720

Structural Engineer 110.0 hrs @ $ 105.00/hr 11,550

Structural Manager 12.0 hrs @ $ 243.00/hr 2,916

Subtotal $ 27,011

c) Traffic Signal Design Revisions and Coordination

CHS Consulting Group $ 8,600

Associate Engineer 10.0 hrs @ $ 133.00/hr 1,330

Project Manager 4.0 hrs @ $ 205.00/hr 820 Subtotal $ 10,750

TOTAL FOR ADDITIONAL SERVICES $ 66,841

121

Additional Scope of Work for

S&C Engineers, Inc.

Folsom and Fremont Street Off-Ramp Realignment Project Contract No. 13/14-23

November 26, 2014

PRE-CONSTRUCTION RELATED ACTIVITIES

PC-1 - Merging of Caltrans and SFDPW Specifications

The Project consists of work within both the City of San Francisco and Caltrans right-of-way. The work on Fremont Street, although mostly within the Caltrans right-of-way, is required to comply with the standards of the San Francisco Department of Public Works (SFDPW) as well as Caltrans’ standards. During the constructability review, S&C Engineers identified the SFDPW standards, which were incorporated into the project specifications by reference, were in conflict with the Caltrans standard specifications that formed the basis of the specifications. In order to avoid potential disputes and unnecessary changes and delays during the Project, S&C Engineers devoted significant effort reviewing SFDPW’s specifications and working with SFDPW and Caltrans to reach agreement on mutually acceptable requirements. Based upon the agreed upon requirements, S&C Engineers developed project specifications to merge the requirements of SFDPW and Caltrans into a single specification.

During this effort, SFDPW provided updated specifications which required additional effort to review the updated requirements and perform further editing of the project specifications.

Estimated Additional Cost: 56 hours @ $189/hr = $10,584

PC- 2 - Incorporation of Additional City, SFMTA and SFPUC Requirements

During the constructability review, S&C Engineers identified numerous requirements of the City, SFMTA and SFPUC that were not incorporated into the specifications. These requirements primarily included permits such as the City’s Street Space Permit, Excavation Permit and Nighttime Noise Permit; SFMTA’s Special Traffic Permit; and SFPUC’s Construction Site Runoff Control Permit. S&C Engineers investigated the specific permit requirements and prepared specifications to incorporate these into the project specifications.


122

Additional Scope of Work – S&C Engineers, Inc. Page 2 of 7 Folsom and Fremont Street Off-Ramp Realignment Project PC-3 - Incorporation of Transbay Transit Center Mitigation Monitoring and Reporting

Program Requirements

As part of the Transbay Redevelopment, the Project is required to comply with the Federal Environmental Impact Report (FEIR) and the Mitigation, Monitoring and Reporting Program (MMRP) requirements in the TJPA CEQA document. The FEIR and MMRP requirements were incorporated into the contract documents by reference. However, it was determined that the FEIR and MMRP requirements, as written, were non-enforceable as many of the requirements were not pertinent to the Project and were written as guidelines as opposed to specific enforceable requirements. At the request of the SFCTA, S&C Engineers drafted language to incorporate the applicable requirements into the project as contract specifications.


PC-4 - Editing of the Division I and II Specifications

The contract specifications are based upon the Caltrans 2010 Standard Specifications. The Division I and II specifications in the Caltrans Standard Specifications address the administrative and legal requirements of the Contract, but are based upon processes and requirements unique to Caltrans. S&C Engineers was requested by the SFCTA to prepare the “boilerplate” language to modify the requirements in the Caltrans Division I and II specifications to incorporate SFCTA’s and OCII’s administrative and legal requirements.


PC- 5 - Bid book

S&C Engineers’ original cost proposal included only a constructability review of the contract documents. However, S&C Engineers was requested by SFCTA to assist with the preparation of the Bid Book.


123

Additional Scope of Work – S&C Engineers, Inc. Page 3 of 7 Folsom and Fremont Street Off-Ramp Realignment Project PC-6 - Development of SBE Requirements

OCII imposed an SBE goal for the project, based upon OCII’s SBE policy. OCII proposed that their policy be incorporated into the Contract by reference. However, upon reviewing the policy, S&C determined that the policy, as written, contained non-enforceable language which was not suitable for incorporation into the Contract. Therefore, S&C Engineers re-drafted OCII’s SBE policy in the form of an enforceable specification. This effort required a thorough review of OCII’s SBE policies, meetings with SFCTA and OCII to clarify the essential elements of the SBE policy, and drafting appropriate specification language.


PC-7 - Review of the Contractor’s SBE good faith efforts

The lowest bidder did not achieve the 50% SBE goal. However, the bidder submitted extensive documentation to demonstrate they performed a good faith effort to achieve the established goal. Therefore, prior to awarding the Contract to the low bidder, it was necessary to determine the criteria for evaluating the Contractor’s good faith effort and review the submitted documentation to verify that the Contractor’s documented efforts demonstrated a good faith effort based upon this criteria. A review of the good faith efforts of the non-successful bidders was also performed for comparison purposes. A report of the findings was also prepared for consideration by SFCTA and OCII.

Estimated Additional Cost:

S&C Engineers: 20 hours @ $189.00/hr = $3,780 Paul Pendergast: 5 hours @ $193.80/hr = $ 969

Total: $4,749 CONSTRUCTION RELATED ACTIVITIES C-1 - Additional Public Outreach Efforts

Due to the SFCTA’s concerns regarding potential impacts to traffic during the implementation of the initial closure of the Folsom Off-Ramp, additional efforts beyond those originally contemplated were devoted to public outreach to ensure the public was properly notified of the upcoming work and the resulting impacts to traffic. Additional efforts included preparation and distribution of flyers to drivers at the Folsom Off-Ramp, outreach to local businesses and agencies not contemplated in the original outreach plan, and coordination for posting advance

124

Additional Scope of Work – S&C Engineers, Inc. Page 4 of 7 Folsom and Fremont Street Off-Ramp Realignment Project

notification to drivers. S&C Engineers also provided staff to distribute flyers to MUNI riders due to the required relocation of a MUNI stop necessitated by the temporary closure of the Folsom Off-Ramp during construction.


Inspectors: 16 hours @ $123.59/hr = $1,977.44 Resident Engineer: 12 hours @ $189.00/hr = $2,268.00 Total: $4,245.44

C-2 - Signal Changes

Upon meeting with the Block 6 developer to coordinate the work between the projects, it was identified that the planned location of Signal Pole B and the controller and battery back-up cabinet conflicted with the planned Block 6 improvements. Additional changes were made to the signal system to address Caltrans and SFMTA requirements. Additional time was expended for attending meetings, reviewing the Block 6 plans, preparing correspondence related to addressing these conflicts, preparing exhibits showing the conflict and possible alternatives, reviewing the revised plans for addressing the conflicts and obtaining Caltrans and SFMTA concurrence for the changes. Additional time will be required for developing a cost estimate for the work, reviewing the Contractor’s cost proposal, negotiating a cost for the changes, preparing a change order and administering the changed work.


C-3 - Coordination with Block 6 Developer and TJPA

It was originally contemplated that the work would be completed prior to any significant work associated with the Block 6 development and that access by the Block 6 developers would not impact the Project. However, construction work for Block 6 began prior to the beginning of work on the Project. The Block 6 contractor also established an access point for their project and occupied the sidewalk within the work limits on Fremont Street. This required additional time to meet with and coordinate the work of the Project with the Block 6 developer. Additionally, coordination with TJPA was required to arrange for their extended use of Block 8 to perform geotechnical site investigation. The need to coordinate with the Block 6 developer will be ongoing throughout the Project in order to prevent impacts to both projects.

Estimated Additional Cost: 24 hours @ $189/hr - $4,536

125

Additional Scope of Work – S&C Engineers, Inc. Page 5 of 7 Folsom and Fremont Street Off-Ramp Realignment Project C-4 - Attendance at Additional Meetings

Due to the proximity of the work to the Transbay Transit Center Project, S&C Engineers attends the bi-weekly Transbay bi-weekly traffic coordination meetings, as needed, to keep the Transbay Transit Center Project and the Block 6 development project informed of potential impacts resulting from this project and to coordinate the work between the various projects. Additionally, S&C Engineers has been requested by Caltrans to attend the weekly Caltrans Bay Bridge Traffic Coordination Meetings, as needed, to coordinate the traffic control for the Project with the various other ongoing Bay Bridge construction projects.

Estimated Additional Cost: 12 meetings @ 2 hrs each = 24 hrs

24 hours @ $189/hr = $4,536.00 C-5 - Additional coordination with Golden Gate Transit and SFMTA

During the work it was determined that there is an active Golden Gate Transit (GGT) bus stop on Fremont Street within the limits of the Project. Due to the location of the bus stop, the SFMTA would not permit the Transportation Authority to fully implement the portion of the Stage 1 traffic handling shown on the Plans which will eliminate the dedicated bus/taxi lane on Fremont Street where the existing bus stop is located. Additional effort was expended to develop alternatives to address SFMTA’s concerns regarding the Stage 1 traffic handling. The preferred alternative is to relocate the existing GGT bus stop another location on Fremont Street currently occupied by parking meters. This alternative is moving forward. However, additional effort remains to coordinate the bus stop relocation with GGT and the SFMTA.

Estimated Additional Cost: 32 hours @ $189/hr = $6,048.00 C-6 - Multiple Reviews of Submittals

Numerous submittals have required multiple reviews due to incorrect information. In order to avoid delays to the beginning of the work and enable as much work as possible to proceed before the onset of rain, S&C Engineers also expended effort to assist the Contractor in finalizing critical submittals, such the Erosion Control Plan which was required to be approved by SFPUC prior to the start of work.

Estimated Additional Cost: 32 hours @ $189/hr = $6,048.00

126

Additional Scope of Work – S&C Engineers, Inc. Page 6 of 7 Folsom and Fremont Street Off-Ramp Realignment Project C-7 - Preparation of Structure Inspection Quality Management Plan (SIQMP)

When preparing the budget for the construction management costs, it was S&C Engineers’ understanding that Caltrans was not going to require a SIQMP for the Project. However, we were informed by Caltrans in October that an SIQMP is required. In addition to additional costs incurred to prepare the SIQMP, monthly reports are required to be submitted to Caltrans in conjunction with the SIQMP.


C-8 – Subcontractor Substitutions and Subletting

Additional effort has been expended to resolve the unauthorized substitution of the temporary fencing subcontractor and subletting of work by an SBE subcontractor to non-SBE second tier subcontractors. Estimated Additional Cost: 12 hours @ $189/hr = $2,268

C-9 – Contaminated Soil

The presence of contamination in the stockpiled soil excavated within the project has been identified. It is unknown at this time what additional effort will be required to address this. However, it is recommended at this time that an amount of $5,000 be allocated to address this. Estimated Additional Cost: $5,000

C-10 – Allocation for Miscellaneous Additional Work

Due to the nature of construction, unanticipated additional work of a minor nature is unavoidable. Therefore, for budgetary purposes, it is recommended that an additional $5,000 be allocated to cover minor additional costs as the need arises.

127

Additional Scope of Work – S&C Engineers, Inc. Page 7 of 7 Folsom and Fremont Street Off-Ramp Realignment Project WEATHER-RELATED IMPACTS W-1 – Extended Performance Period and Additional Costs due to Weather Impacts

S&C Engineers’ original cost proposal contemplated construction on the Project beginning in mid-April 2014 and completion of the Project by December 15, 2014. Based upon the preliminary project schedule prepared by S&C Engineers, it was anticipated that the majority of the earthwork activities that would be impacted by rain would have been completed prior to the beginning of the wet season. Due to various issues beyond the control of SFCTA and S&C Engineers, the advertisement of the Project was delayed by several months. This has resulted in the work being performed during the wet season, which will subject the work to delays due to rain. The extent of weather-related impacts to the project cannot be ascertained in advance. However, a reasonable estimate of weather-related delays for budgetary purposes can be assumed to be five days per month. Based upon the above, it is anticipated that work on the Project may be extended by a period of approximately 20 working days due to weather impacts. This will extend the performance period of S&C Engineers accordingly and will require additional work to address weather-related issues, review the site for compliance with stormwater pollution prevention requirements, and address potential non-compliance issues.


Resident Engineer: 20 days x 4 hrs = 80 hours

80 hours @ $189/day = $15,120 Inspector: 20 days x 8 hrs = 160 hours

160 hours @ $123.59 = $19,774 Total: $34,894

____________________________________________________________________________

See attached summary of costs on next page

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ongoing studies and trends, the West Side needs a vision for what it would take to create the kind of high-quality transportation offerings that would reduce reliance on private vehicles and shift additional trips to transit, focusing on one or more specific travel markets.

DISCUSSION

As called for in the Transportation Authority’s procedures governing the development of SARs, the scope of work must be presented to the committee on which the requester sits (in this case, the Finance Committee) and the Transportation Authority Board for approval. The committee and Board will review and provide guidance on the scope of work and schedule before staff proceeds further with SAR development.

The SAR will identify the top priority travel market(s) of interest; explore the current travel patterns of those in the target market; identify the transportation options already available to them and those planned for the future; identify strategic issues and opportunities for each of the selected travel markets; and make recommendations for follow-on work to advance one or more specific project concepts.

The identification of new opportunities for improving alternative mode access for one or more specific travel markets and groups of travelers in the short and medium-terms will be a core part of the SARs analysis. The SAR will examine:

What additional specific strategies could the city pursue to raise the attractiveness of transit in the selected markets, beyond those that are already planned?

What types of projects would best achieve this, by addressing the gaps or enhancing existing offerings, in the short- and medium terms?

What are potential new policies or roles should be considered along with these projects, for the public and/or private sectors?

Possible travel markets of focus could include: improving options for students seeking to access San Francisco State University or other major educational institutions in the west side; improving options for commuters bound for the south bay; or improving options for commuters bound for downtown. The final area(s) of focus will be confirmed through analysis.

We estimate that the SAR could be completed in approximately six months for a total expected cost of $30,000. We anticipate performing most of the work in-house, with some consultant assistance (about $10,000) from our on-call planning contracts, which is the subject of a separate agenda item for the January 13 Finance Committee meeting.

We budgeted for two SARs in Fiscal Year 2014/15. If approved, this would be the first SAR authorized this fiscal year.

ALTERNATIVES

1. Recommend approving the scope of work for the Improving West Side Transit Access SAR, as requested.

2. Recommend approving the scope of work for the Improving West Side Transit Access SAR, with modifications.


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CAC POSITION

Due to the year-end holidays, the Citizens Advisory Committee (CAC) does not meet in late December and therefore, did not take a position on this item. If the Board approves the scope of work, we will present it to the CAC on January 28 as an information item and seek the CAC’s input.

FINANCIAL IMPACTS

The adopted FY 2014/15 agency budget and work program assumed preparation of two SARs. If approved at the estimated cost of $30,000, there would be no impact on the adopted budget. SARs are funded through Prop K and/or federal Congestion Management Agency planning funds.

RECOMMENDATION

Recommend approving the scope of work for the Improving West Side Transit Access SAR.

Attachment: 1. Improving West Side Transit Access SAR Scope of Work

133

Attachment 1.

Improving West Side Transit Access

Strategic Analysis Report (SAR)

Draft Scope of Work January 8, 2015

I. Background

A. About SARs: This is a standard section included in all Strategic Analysis Reports (SARs). It describes the SAR development and review process and the role of the document in facilitating policy-level decision-making.

B. History/Context: Equity Analysis conducted for the San Francisco Transportation Plan (SFTP) identified geographic disparities in transit access in the city’s outlying neighborhoods including the west side. As a result of this and other factors, a disproportionate share of west side residents drive alone to work and for shopping and errands. The Sunset District Blueprint, completed in 2014, identified concerns with unreliable or infrequent transit service as a top community concern.

Major strides are being made to improve the quality of transit services serving the west side through the Muni Forward project. Muni Forward will result in frequency, speed and/or reliability improvements to eight transit lines (L-Taraval; N-Judah; 16X-Noriega Express; 18-46th Avenue; 28/28L-19th Avenue; 29-Sunset; 48-Quintara;and the 71L-Haight Noriega). Other studies such as the Metropolitan Transportation Commission’s (MTC’s) upcoming Bay Area Core Capacity Transit Study offers an opportunity to study M-Oceanview improvements and regional express bus services for the west side, to destinations within San Francisco or across the bay to Oakland. Finally, the successful piloting of bike-sharing, citywide focus on improving bicycle and pedestrian facilities, and proliferation of new shared-use and privately provided mobility options on the west side present opportunities for improving transit access.

To inform these ongoing studies and trends, the West Side needs a vision for what it would take, beyond what is already planned, to create the kind of high-quality transportation offerings that would reduce reliance on private vehicles and shift additional trips to transit.

C. Purpose of the SAR:

This SAR will build on work prepared for the Sunset Blueprint, Muni Forward, SFTP and other efforts, to examine high-level options for improving transit access to the west side, focusing on one or more specific travel markets and groups of travelers, which will be identified through analysis.

D. Review of Other Studies and Documents: Several relevant documents will be reviewed as part of this SAR. They include:

The Sunset District Blueprint, which identified key transit hubs within the district that need improvement. These include stops on the N Judah

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Attachment 1.

(where Judah intersects La Playa and 46th); the L Taraval (at Wawona and 46th, Tarval and 22nd, and Taraval and 46th), and several others along the 28L, 29 Sunset, and 71 Haight. The Blueprint also notes several pedestrian and bicycle safety concerns that may present barriers to transit access.

The Muni Forward project, which includes conceptual plans for transit upgrades on key transit lines throughout the city, including the N Judah, L Tarval, and others in the district. Any specific improvements already planned for major transit hubs will be inventoried. Boardings by west side transit stops will also be reviewed to ensure focus on the most used stops.

The San Francisco Transportation Plan (SFTP), which identified a geographic disparity around transit reliability and access to regional services for neighborhoods like the west side of the city. Since the study was published, issues around turnbacks have abated and the SFMTA successfully introduced popular new services like the NX express bus.

SPUR’s Ocean Beach Master Plan, a comprehensive vision to address sea level rise, protect infrastructure, restore coastal ecosystems and improve public access, will be reviewed, along with any relevant follow-on studies.

Professor Susan Shaheen’s Shared Use Mobility Summit White Paper, which documented the policy issues and opportunities for shared use mobility discussed at a summit held in San Francisco in October 2013.

II. Strategic Analysis

A. Existing Conditions: This section will summarize existing travel data and collect new data, e.g. through focus groups and interviews, to better understand west side travel markets, particularly automobile trips, in an effort to improve the competitiveness of transit and alternative modes. It will examine the following questions:

a. What are the top travel markets to and from the west side? This analysis will examine the major origins of destinations of west side residents and identify top destinations for different types of trips. For example, the analysis could identify downtown and the south bay as top destinations for commuters. The analysis will also identify the current mode choices of travelers in these markets (e.g. what share of travelers are using transit versus driving alone, walking, or bicycling). One or more top travel markets will be identified as a focus for the remainder of the SAR. For example, options for focused travel markets could include student trips to major educational institutions; commuter trips downtown; or commuter trips to south bay.

b. What options do travelers in the selected markets currently have for completing their trip, and how competitive are these options with the private automobile? The SAR will also take a special look at the rise of shared mobility services and how these are changing travel habits.

c. What plans are already in place to improve the quality of alternatives to the automobile in the selected market(s), through projects such as Muni Forward, regional transit improvements, major bicycle network improvements, high-occupancy vehicle (HOV) lanes and other freeway

135

Attachment 1.

management treatments, fare policies, or other relevant options? Are these improvements expected to be sufficient to result in a significant reduction of reliance on private automobiles for this trip?

C. Strategic Issues and Opportunities: This section would identify new opportunities for improving alternative mode access for one or more specific travel markets and groups of travelers in the short and medium-terms It will examine:

a. What additional specific strategies could the city pursue to raise the attractiveness of transit in the selected markets, beyond those that are already planned?

b. What types of projects would best achieve this, by addressing the gaps or enhancing existing offerings, in the short- and medium terms?

c. What are potential new policies or roles should be considered along with these projects, for the public and/or private sectors?

III. Next Steps/Recommendations

The SAR will develop a set of recommendations for follow-on work to advance one or more specific project concepts, including likely order-of-magnitude cost and level of effort, responsible agencies, and possible funding sources for implementation.

IV. Bibliography

This section will identify the bibliography as well as individuals and organizations consulted in the process of developing the SAR.

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xt, c

lick

the

PD

F o

r H

TM

L li

nk.

Staf

f is

rec

omm

endi

ng n

o ne

w s

uppo

rt o

r op

pose

pos

ition

s th

is m

onth

.

Bill

#

Aut

hor

Des

crip

tion

St

atus

Pos

itio

nC

omm

ents

AB

2

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Ale

jo D

(D

ist 3

0)

Com

mun

ity

revi

taliz

atio

n au

thor

ity.

W

ould

sta

te th

e in

tent

of

the

Leg

isla

ture

to e

nact

legi

slat

ion

that

wou

ld

auth

oriz

e ce

rtai

n lo

cal a

genc

ies

to f

orm

a c

omm

unity

rev

italiz

atio

n au

thor

ity w

ithin

a c

omm

unity

rev

italiz

atio

n an

d in

vest

men

t are

a, a

s de

fined

, to

carr

y ou

t pro

visi

ons

of th

e C

omm

unity

Red

evel

opm

ent L

aw

in th

at a

rea

for

purp

oses

rel

ated

to, a

mon

g ot

her

thin

gs, i

nfra

stru

ctur

e,

affo

rdab

le h

ousi

ng, a

nd e

cono

mic

rev

italiz

atio

n, a

nd to

pro

vide

for

the

finan

cing

of

thes

e ac

tiviti

es b

y, a

mon

g ot

her

thin

gs, t

he is

suan

ce o

f bo

nds

serv

iced

by

tax

incr

emen

t rev

enue

s.

Ass

embl

yP

rint

Wat

ch

Spot

bill

. The

ulti

mat

e in

tent

is f

or a

bill

th

at w

ould

per

mit

the

esta

blis

hmen

t of

loca

l com

mun

ity r

evita

lizat

ion

auth

oriti

es th

at w

ould

fin

ance

pro

ject

s us

ing

tax

incr

emen

t rev

enue

s.

AB

4

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Lin

der

R

(Dis

t 60)

Veh

icle

wei

ght

fees

: tra

nspo

rtat

ion

bond

deb

t se

rvic

e.

Wou

ld, n

otw

ithst

andi

ng s

peci

fied

prov

isio

ns o

r an

y ot

her

law

, unt

il Ja

nuar

y 1,

202

0, p

rohi

bit w

eigh

t fee

rev

enue

s fr

om b

eing

tran

sfer

red

from

the

Stat

e H

ighw

ay A

ccou

nt to

the

Tra

nspo

rtat

ion

Deb

t Ser

vice

F

und,

the

Tra

nspo

rtat

ion

Bon

d D

irect

Pay

men

t Acc

ount

, or

any

othe

r fu

nd o

r ac

coun

t for

the

purp

ose

of p

aym

ent o

f th

e de

bt s

ervi

ce o

n tr

ansp

orta

tion

gene

ral o

blig

atio

n bo

nds,

and

wou

ld a

lso

proh

ibit

loan

s of

w

eigh

t fee

rev

enue

s to

the

Gen

eral

Fun

d.

Ass

embl

yP

rint

Wat

ch

Sim

ilar

to s

ever

al b

ills

from

201

4, th

is

bill

seek

s to

res

tore

sta

te tr

uck

fees

to

fund

hig

hway

rep

air

inst

ead

of

supp

ortin

g P

rop.

1B

bon

d de

bt s

ervi

ce.

AB

6

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Wilk

R

(Dis

t 38)

Bon

ds: t

rans

port

atio

n: s

choo

l fac

iliti

es.

Wou

ld p

rovi

de th

at n

o fu

rthe

r bo

nds

shal

l be

sold

for

hig

h-sp

eed

rail

purp

oses

pur

suan

t to

the

Safe

, Rel

iabl

e H

igh-

Spee

d P

asse

nger

Tra

in

Bon

d A

ct f

or th

e 21

st C

entu

ry, e

xpec

t as

spec

ifica

lly p

rovi

ded

with

re

spec

t to

an e

xist

ing

appr

opria

tion

for

high

-spe

ed r

ail p

urpo

ses

for

early

im

prov

emen

t pro

ject

s in

the

Pha

se 1

ble

nded

sys

tem

. The

bill

, sub

ject

to

the

abov

e ex

cept

ion,

wou

ld r

equi

re r

edire

ctio

n of

the

unsp

ent p

roce

eds

rece

ived

fro

m o

utst

andi

ng b

onds

issu

ed a

nd s

old

for

othe

r hi

gh-s

peed

ra

il pu

rpos

es p

rior

to th

e ef

fect

ive

date

of

thes

e pr

ovis

ions

, upo

n ap

prop

riat

ion,

for

use

in r

etir

ing

the

debt

incu

rred

fro

m th

e is

suan

ce a

nd

sale

of

thos

e ou

tsta

ndin

g bo

nds.

The

se p

rovi

sion

s w

ould

bec

ome

effe

ctiv

e on

ly u

pon

appr

oval

by

the

vote

rs a

t the

nex

t sta

tew

ide

elec

tion.

Ass

embl

yP

rint

Opp

ose

P

rohi

bits

sal

e of

bon

ds to

sup

port

Hig

h-Sp

eed

Rai

l pro

gram

. Dir

ects

uns

pent

bo

nd f

unds

to r

etire

deb

t fro

m P

rop

1A

and

wou

ld a

utho

rize

use

of

bond

pr

ocee

ds f

or K

-12

build

ing

purp

oses

.

137

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

Janu

ary

2015

M

:\Fi

nanc

e\20

15\M

emos

\01

Jan\

SFC

TA M

atri

x.do

cx

Page

2 o

f 5

Bill

#

Aut

hor

Des

crip

tion

St

atus

Pos

itio

nC

omm

ents

AB

8

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Gat

to D

(D

ist 4

3)

Em

erge

ncy

serv

ices

: hit

-and

-run

inci

dent

s.

Wou

ld a

utho

rize

a la

w e

nfor

cem

ent a

genc

y to

issu

e a

Yel

low

Ale

rt if

a

pers

on h

as b

een

kille

d or

has

suf

fere

d se

riou

s bo

dily

inju

ry d

ue to

a h

it-an

d-ru

n in

cide

nt a

nd th

e la

w e

nfor

cem

ent a

genc

y ha

s sp

ecifi

ed

info

rmat

ion

conc

erni

ng th

e su

spec

t or

the

susp

ect’s

veh

icle

. The

bill

w

ould

req

uire

the

Dep

artm

ent o

f th

e C

alifo

rnia

Hig

hway

Pat

rol t

o ac

tivat

e a

Yel

low

Ale

rt w

ithin

the

requ

este

d ge

ogra

phic

are

a up

on r

eque

st

if it

conc

urs

with

the

law

enf

orce

men

t age

ncy

that

spe

cifie

d re

quire

men

ts

are

met

.

Ass

embl

yP

rint

Supp

ort

Thi

s bi

ll ex

pand

s th

e A

mbe

r A

lert

sy

stem

to c

reat

e a

new

yel

low

ale

rt to

ca

ll at

tent

ion

to h

it an

d ru

n in

cide

nts

whe

n a

pers

on d

ies

or s

uffe

rs b

odily

ha

rm.

AB

23

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Pat

ters

on R

(D

ist 2

3)

Cal

ifor

nia

Glo

bal W

arm

ing

Solu

tion

s A

ct o

f 200

6: m

arke

t-ba

sed

com

plia

nce

mec

hani

sms:

exe

mpt

ion.

T

he C

alifo

rnia

Glo

bal W

arm

ing

Solu

tions

Act

of

2006

aut

hori

zes

the

Stat

e A

ir R

esou

rces

Boa

rd to

incl

ude

the

use

of m

arke

t-ba

sed

com

plia

nce

mec

hani

sms.

Cur

rent

sta

te b

oard

reg

ulat

ions

req

uire

spe

cifie

d en

titie

s to

co

mpl

y w

ith a

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 20

13, a

nd r

equi

re a

dditi

onal

spe

cifie

d en

titie

s to

com

ply

with

that

m

arke

t-ba

sed

com

plia

nce

mec

hani

sm b

egin

ning

Jan

uary

1, 2

015.

Thi

s bi

ll w

ould

inst

ead

exem

pt th

ose

cate

gori

es o

f pe

rson

s or

ent

ities

that

did

not

ha

ve a

com

plia

nce

oblig

atio

n, a

s de

fined

, und

er a

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 201

3, f

rom

bei

ng s

ubje

ct to

th

at m

arke

t-ba

sed

com

plia

nce

mec

hani

sm th

roug

h D

ecem

ber

31, 2

020.

Ass

embl

yP

rint

Opp

ose

T

his

bill

wou

ld p

ostp

one

the

effe

ctiv

e da

te o

f th

e ex

tens

ion

of C

ap a

nd T

rade

em

issi

on r

egul

atio

ns f

rom

201

5 to

202

0 fo

r th

e tr

ansp

orta

tion

fuel

s sy

stem

. T

he a

utho

r is

con

cern

ed th

at th

e pu

blic

w

ill b

e su

bjec

t to

a sp

ike

in f

uel p

rice

s.

How

ever

, the

eff

ect o

f th

e de

ferr

ed w

ill

be to

red

uce

Cap

and

Tra

de a

uctio

n re

venu

es.

AB

28

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Chu

D

(Dis

t 25)

Bic

ycle

saf

ety:

rea

r lig

hts.

C

urre

nt la

w r

equi

res

that

a b

icyc

le o

pera

ted

duri

ng d

arkn

ess

upon

a

high

way

, a s

idew

alk

whe

re b

icyc

le o

pera

tion

is n

ot p

rohi

bite

d by

the

loca

l ju

risdi

ctio

n, o

r a

bike

way

, as

defin

ed, b

e eq

uipp

ed w

ith a

red

ref

lect

or o

n th

e re

ar th

at is

vis

ible

fro

m a

dis

tanc

e of

500

fee

t to

the

rear

whe

n di

rect

ly in

fro

nt o

f la

wfu

l upp

er b

eam

s of

hea

dlam

ps o

n a

mot

or v

ehic

le.

Thi

s bi

ll w

ould

inst

ead

requ

ire

that

a b

icyc

le o

pera

ted

unde

r th

ose

circ

umst

ance

s be

equ

ippe

d w

ith a

whi

te f

lash

ing

light

on

the

rear

that

is

visi

ble

from

a d

ista

nce

of 5

00 f

eet t

o th

e re

ar w

hen

dire

ctly

in f

ront

of

law

ful u

pper

bea

ms

of h

eadl

amps

on

a m

otor

veh

icle

, or,

in li

eu o

f th

e w

hite

fla

shin

g lig

ht, r

efle

ctiv

e ge

ar w

orn

by th

e bi

cycl

ist.

Ass

embl

yP

rint

Wat

ch

Thi

s is

a n

ew a

ppro

ach

to b

ike

safe

ty

that

wou

ld r

equi

re r

efle

ctiv

e cl

othi

ng o

r fla

shin

g lig

hts

in li

eu o

f re

flect

ive

light

s.

138

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

Janu

ary

2015

M

:\Fi

nanc

e\20

15\M

emos

\01

Jan\

SFC

TA M

atri

x.do

cx

Page

3 o

f 5

Bill

#

Aut

hor

Des

crip

tion

St

atus

Pos

itio

nC

omm

ents

AB

40

Intr

oduc

ed:

12/1

/201

4 pd

f h

tml

Tin

g D

(D

ist 1

9)

Gol

den

Gat

e B

ridg

e: s

idew

alk

fees

. C

urre

nt la

w e

stab

lishe

s br

idge

and

hig

hway

dis

tric

ts a

nd v

ario

us r

egio

nal

tran

spor

tatio

n au

thor

ities

and

tran

sit d

istr

icts

, inc

ludi

ng th

e G

olde

n G

ate

Brid

ge, H

ighw

ay a

nd T

rans

port

atio

n D

istr

ict,

and

pres

crib

es th

e po

wer

s an

d du

ties

of th

e di

stri

ct, i

nclu

ding

the

pow

er to

fix

and

col

lect

all

tolls

fo

r th

e us

e of

the

dist

rict

’s p

rope

rty.

Thi

s bi

ll w

ould

pro

hibi

t the

dis

tric

t fr

om f

ixin

g or

col

lect

ing

any

tolls

or

acce

ss f

ees

for

pede

stri

an a

nd

bicy

clis

t use

of

the

Gol

den

Gat

e B

ridg

e si

dew

alks

.

Ass

embl

yP

rint

Wat

ch

Thi

s m

easu

re w

ould

pro

hibi

t the

G

olde

n G

ate

Brid

ge, H

ighw

ay, a

nd

Tra

nspo

rtat

ion

Dis

tric

t fro

m im

posi

ng

tolls

or

fees

on

pede

stri

an o

r bi

cycl

ists

fo

r us

e of

the

brid

ge s

idew

alks

.

SB 1

In

trod

uced

: 12

/1/2

014

pdf

htm

l

Gai

nes

R

(Dis

t 1)

Cal

ifor

nia

Glo

bal W

arm

ing

Solu

tion

s A

ct o

f 200

6: m

arke

t-ba

sed

com

plia

nce

mec

hani

sms:

exe

mpt

ion.

T

he C

alifo

rnia

Glo

bal W

arm

ing

Solu

tions

Act

of

2006

aut

hori

zes

the

Stat

e A

ir R

esou

rces

Boa

rd to

incl

ude

the

use

of m

arke

t-ba

sed

com

plia

nce

mec

hani

sms.

Cur

rent

sta

te b

oard

reg

ulat

ions

req

uire

spe

cifie

d en

titie

s to

co

mpl

y w

ith a

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 20

13, a

nd r

equi

re a

dditi

onal

spe

cifie

d en

titie

s to

com

ply

with

that

m

arke

t-ba

sed

com

plia

nce

mec

hani

sm b

egin

ning

Jan

uary

1, 2

015.

Thi

s bi

ll in

stea

d w

ould

exe

mpt

cat

egor

ies

of p

erso

ns o

r en

titie

s th

at d

id n

ot h

ave

a co

mpl

ianc

e ob

ligat

ion,

as

defin

ed, u

nder

a m

arke

t-ba

sed

com

plia

nce

mec

hani

sm b

egin

ning

Jan

uary

1, 2

013,

fro

m b

eing

sub

ject

to th

at m

arke

t-ba

sed

com

plia

nce

mec

hani

sm.

Sena

te

Pri

nt

Opp

ose

T

his

bill

wou

ld e

limin

ate

the

exte

nsio

n of

Cap

and

Tra

de e

mis

sion

reg

ulat

ions

sc

hedu

led

for

the

tran

spor

tatio

n fu

els

syst

em.

Diff

ers

from

AB

23

as th

is b

ill

perm

anen

tly p

rohi

bits

the

Cap

and

T

rade

reg

ulat

ions

fro

m a

ffec

ting

the

fuel

s se

ctor

.

SB 5

In

trod

uced

: 12

/1/2

014

pdf

htm

l

Vid

ak R

(D

ist 1

4)

Cal

ifor

nia

Glo

bal W

arm

ing

Solu

tion

s A

ct o

f 200

6: m

arke

t-ba

sed

com

plia

nce

mec

hani

sms:

exe

mpt

ion.

U

nder

the

Cal

iforn

ia G

loba

l War

min

g So

lutio

ns A

ct o

f 20

06, c

urre

nt

Stat

e A

ir R

esou

rces

Boa

rd r

egul

atio

ns r

equi

re s

peci

fied

entit

ies

to c

ompl

y w

ith a

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 201

3,

and

requ

ire a

dditi

onal

spe

cifie

d en

titie

s to

com

ply

with

that

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 201

5. T

his

bill

inst

ead

wou

ld e

xem

pt c

ateg

orie

s of

per

sons

or

entit

ies

that

did

not

hav

e a

com

plia

nce

oblig

atio

n, a

s de

fined

, und

er a

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

beg

inni

ng J

anua

ry 1

, 201

3, f

rom

bei

ng s

ubje

ct to

that

mar

ket-

base

d co

mpl

ianc

e m

echa

nism

thro

ugh

Dec

embe

r 31

, 202

0.

Sena

te

Pri

nt

Opp

ose

T

his

bill

wou

ld p

ostp

one

the

effe

ctiv

e da

te o

f th

e ex

tens

ion

of C

ap a

nd T

rade

em

issi

on r

egul

atio

ns f

rom

201

5 to

202

0 fo

r th

e tr

ansp

orta

tion

fuel

s sy

stem

. T

he a

utho

r is

con

cern

ed th

at th

e pu

blic

w

ill b

e su

bjec

t to

a sp

ike

in f

uel p

rice

s.

How

ever

, the

eff

ect o

f th

e de

ferr

ed w

ill

be to

red

uce

Cap

and

Tra

de a

uctio

n re

venu

es.

139

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

Janu

ary

2015

M

:\Fi

nanc

e\20

15\M

emos

\01

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SFC

TA M

atri

x.do

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Page

4 o

f 5

Bill

#

Aut

hor

Des

crip

tion

St

atus

Pos

itio

nC

omm

ents

SB 8

In

trod

uced

: 12

/1/2

014

pdf

htm

l

Her

tzbe

rg D

(D

ist 1

8)

Tax

atio

n.

Wou

ld s

tate

legi

slat

ive

findi

ngs

rega

rdin

g th

e U

pwar

d M

obili

ty A

ct, k

ey

prov

isio

ns o

f w

hich

wou

ld e

xpan

d th

e ap

plic

atio

n of

the

Sale

s an

d U

se

Tax

law

by

impo

sing

a ta

x on

spe

cifie

d se

rvic

es, w

ould

enh

ance

the

stat

e’s

busi

ness

clim

ate

and

wou

ld in

cent

iviz

e en

trep

rene

ursh

ip a

nd

busi

ness

cre

atio

n by

eva

luat

ing

the

Cor

pora

te T

ax L

aw, a

nd w

ould

ex

amin

e th

e im

pact

s of

a lo

wer

and

sim

pler

Per

sona

l Inc

ome

Tax

Law

.

Sena

te

Pri

nt

Wat

ch

Alth

ough

a s

pot b

ill, t

his

is th

e au

thor

’s

atte

mpt

to c

hang

e th

e em

phas

is o

f C

alifo

rnia

’s ta

xatio

n sy

stem

to

inco

rpor

ate

taxe

s on

ser

vice

s.

SB 9

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: 12

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Bea

ll D

(D

ist 1

5)

Gre

enho

use

Gas

Red

ucti

on F

und:

Tra

nsit

and

Int

erci

ty R

ail

Cap

ital

Pro

gram

. W

ould

, und

er th

e G

reen

hous

e G

as R

educ

tion

Fun

d, m

odify

the

purp

ose

of th

e pr

ogra

m to

del

ete

refe

renc

es to

ope

ratio

nal i

nves

tmen

ts a

nd

inst

ead

prov

ide

for

the

fund

ing

of la

rge,

tran

sfor

mat

ive

capi

tal

impr

ovem

ents

with

a to

tal c

ost e

xcee

ding

$10

0,00

0,00

0. T

he b

ill w

ould

re

quire

the

Tra

nspo

rtat

ion

Age

ncy,

in p

rior

itizi

ng a

nd s

elec

ting

proj

ects

fo

r fu

ndin

g, to

con

side

r th

e ex

tent

to w

hich

a p

roje

ct r

educ

es g

reen

hous

e ga

s em

issi

ons,

and

wou

ld a

dd a

dditi

onal

fac

tors

to b

e co

nsid

ered

in

eval

uatin

g ap

plic

atio

ns f

or f

undi

ng. T

his

bill

cont

ains

oth

er e

xist

ing

law

s. Se

nate

P

rint

Wat

ch

Thi

s bi

ll w

ould

alte

r th

e fo

cus

for

Rai

l an

d T

rans

it C

ap a

nd T

rade

fun

ds to

onl

y ad

dres

s la

rge-

scal

e tr

ansi

t pro

ject

s th

at

prom

ote

a di

rect

con

nect

ion

to th

e st

ate’

s H

igh-

Spee

d R

ail S

yste

m.

Gui

delin

es f

or e

xpen

ding

the

first

$25

m

illio

n in

the

Rai

l and

Tra

nsit

cap

and

trad

e fu

ndin

g ca

tego

ry w

ill b

e fin

aliz

ed

soon

; thi

s w

ill b

e fo

llow

ed b

y a

com

petit

ive

call

for

proj

ects

by

the

Stat

e T

rans

port

atio

n A

genc

y (C

alST

A).

SB

16

Intr

oduc

ed:

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/201

4 pd

f h

tml

Bea

ll D

(D

ist 1

5)

Dep

artm

ent

of T

rans

port

atio

n (C

altr

ans)

. C

urre

nt la

w p

rovi

des

that

the

Cal

tran

s ha

s fu

ll po

sses

sion

and

con

trol

of

the

stat

e hi

ghw

ay s

yste

m. T

his

bill

wou

ld s

tate

the

inte

nt o

f th

e L

egis

latu

re th

at th

e de

part

men

t ide

ntify

sav

ings

fro

m im

plem

entin

g ef

ficie

ncie

s in

its

curr

ent p

rogr

ams

and

dire

ct th

ose

reso

urce

s in

to

expa

nded

act

iviti

es f

or r

oad

repa

ir an

d lit

ter

clea

nup.

Sena

te

Pri

nt

Wat

ch

The

aut

hor

is s

eeki

ng to

com

pel

Cal

tran

s to

ado

pt m

ore

prog

ram

ef

ficie

ncie

s an

d th

en d

irect

the

resu

lting

sa

ving

s in

to r

oad

repa

ir a

nd li

tter

co

ntro

l.

140

San

Fra

ncis

co C

ount

y T

rans

port

atio

n A

utho

rity

Janu

ary

2015

M

:\Fi

nanc

e\20

15\M

emos

\01

Jan\

SFC

TA M

atri

x.do

cx

Page

5 o

f 5

Bill

#

Aut

hor

Des

crip

tion

St

atus

Pos

itio

nC

omm

ents

SB 3

9 In

trod

uced

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014

pdf

htm

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Pav

ley

D

(Dis

t 27)

Veh

icle

s: h

igh-

occu

panc

y ve

hicl

e la

nes.

C

urre

nt f

eder

al la

w, u

ntil

Sept

embe

r 30

, 201

7, a

utho

rize

s a

stat

e to

allo

w

spec

ified

labe

led

vehi

cles

to u

se la

nes

desi

gnat

ed f

or h

igh-

occu

panc

y ve

hicl

es (H

OV

s). T

his

bill

wou

ld in

crea

se th

e nu

mbe

r of

thos

e id

entif

iers

th

at th

e D

MV

is a

utho

rize

d to

issu

e to

an

unsp

ecifi

ed a

mou

nt. T

his

bill

cont

ains

oth

er r

elat

ed p

rovi

sion

s an

d ot

her

curr

ent l

aws.

Sena

te

Pri

nt

Opp

ose

T

he b

ill w

ould

exp

and

the

amou

nt o

f H

OV

lane

acc

ess

deca

ls f

or c

lean

ve

hicl

es. 2

014

saw

the

num

ber

of d

ecal

s pe

rmitt

ed, i

ncre

ase

from

40,

000

to

70,0

00.

Whi

le w

e ar

e su

ppor

tive

of c

lean

ve

hicl

es, t

his

bill

has

the

pote

ntia

l to

add

thou

sand

s of

mor

e si

ngle

occ

upan

cy

vehi

cles

to B

ay A

rea

HO

V la

nes,

man

y of

whi

ch a

re a

lread

y ne

ar o

r at

cap

acity

. W

e w

ould

wel

com

e an

am

endm

ent t

o gi

ve lo

cal j

uris

dict

ions

con

trol

ove

r w

heth

er o

r no

t to

allo

w c

lean

veh

icle

s in

H

OV

lane

s.

SB 5

9 In

trod

uced

: 12

/19/

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pd

f h

tml

Kni

ght R

(D

ist 2

1)

Veh

icle

s: h

igh-

occu

panc

y ve

hicl

e la

nes.

T

he b

ill m

akes

tech

nica

l cha

nges

to e

xist

ing

law

whi

ch a

utho

rize

s lo

cal

auth

oriti

es a

nd th

e D

epar

tmen

t of

Tra

nspo

rtat

ion

to e

stab

lish

excl

usiv

e or

pre

fere

ntia

l use

of

high

way

lane

s fo

r hi

gh-o

ccup

ancy

veh

icle

s.

Sena

te

Pri

nt

New

–

Wat

ch

Thi

s is

a s

pot b

ill th

at a

ddre

sses

the

basi

c au

thor

ity f

or d

esig

natio

n of

HO

V

Lan

es.

Not

e: T

he a

utho

r w

ill v

acat

e hi

s Se

nate

se

at w

hen

he a

ssum

es h

is n

ew

cong

ress

iona

l sea

t thi

s w

eek.

Tot

al M

easu

res:

14

141