| Finance Committee - November 21, 2006 |
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AGENDA FINANCE COMMITTEEMeeting Notice Date: 10:00 a.m., Tuesday, November 21, 2006 1. Roll Call 2. Approval of Minutes of the October 31, 2006 Meeting - ACTION* (attachment) 3. Recommend Adoption of a San Francisco Strategy for Proposition 1B State Transportation Infrastructure Bond Funding - ACTION* (attachment) Proposition 1B, a $19.9 billion statewide transportation infrastructure bond, was approved by California voters on November 7, 2006. The legislation establishing the bond measure prescribed a number of fund categories. Some of those categories are formula-based; others are competitive and will be allocated at the discretion of the California Transportation Commission (CTC), Caltrans, and the State Legislature. The passage of Propositions 1B has created an opportunity to advance many important transportation projects, though the total amount provided by the bond still falls significantly short of the transportation funding needs of the state. To be an effective competitor for bond funds, San Francisco must adopt a strategy identifying eligible projects and fund targets for each category. While detailed eligibility and selection criteria for the majority of the competitive fund categories will be established through trailer bills in the upcoming session of the Legislature, the bond legislation mandates a very rapid project selection process for the $4.5 billion Corridor Mobility Improvement Account (CMIA). By December 1, 2006, the Authority must nominate projects and submit the nomination resolution to the Metropolitan Transportation Commission (MTC). MTC will assemble a regional CMIA nomination list and submit it to the CTC by January 15, 2007. We are seeking a recommendation to adopt a San Francisco strategy for Proposition 1B State Transportation Infrastructure Bond funding, as presented. 4. Introduction of New Items – INFORMATION 5. Public Comment 6. Adjournment Please note that the meeting proceedings can be viewed live at http://www.sfgov.org/sfgtv or that evening at 6:00 pm on Cable Channel 26 in San Francisco, with a repeat on the weekend (either Saturday or Sunday evening). To know the exact cablecast times for weekend viewing, please call SFGTV at (415) 557-4293 on Friday when the cablecast times have been determined. In order to assist the City's efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at all public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals. To obtain a disability-related modification or accommodation, including auxiliary aids or services, to participate in the meeting, please contact Pooja Jhunjhunwala at 415.522.4800 at least two business days before the meeting. Lobbyist Registration and Reporting Requirements: Individuals and entities that influence or attempt to influence local legislative or administrative action may be required by the San Francisco Lobbyist Ordinance [SF Campaign & Governmental Conduct Code, Sec. 2.100] to register and report lobbying activity. For more information about the Lobbyist Ordinance, please contact the S.F. Ethics Commission at 30 Van Ness Ave., Suite 3900, San Francisco, CA 94102, telephone (415) 581-2300; or website www.sfgov.org/ethics. |
