Finance Committee - September 20, 2011

PDF version of Agenda



Meeting Notice

Date:                  9:30 a.m., Tuesday, September 20, 2011
Location:                Room 263, City Hall
Commissioners:     Commissioners Mar (Chair), Elsbernd (Vice Chair), Cohen, Farrell, Kim and Mirkarimi (Ex Officio)
Clerk:                      Erika Cheng


1.                   Roll Call

2.                  Approve the Minutes of the July 12, 2011 Meeting - ACTION* attachment

3.                  Recommend Authorizing the Executive Director to Execute a Memorandum of Agreement with the National Park Service for a One-Year Period with Two Additional One-Year Extension Options, in an Amount Not to Exceed $105,845, for Liaison Services for the Presidio Parkway Project and Authorizing the Executive Director to Negotiate the Agreement Terms and Conditions - ACTION* attachment

For many years, the Authority has entered into agreements with the National Park Service (NPS) to fund a position for a project liaison and coordinator (Liaison) who serves as the single point of contact for NPS through the design and construction phases of the Doyle Drive Replacement Project, now re-envisioned as Presidio Parkway.  The term of the existing agreement ends on September 30, 2011.  The continued presence of the NPS Liaison is expected to ensure oversight of project activities to assure protection of park resources, communication and the prompt identification and resolution of project issues between NPS, the Authority, California Department of Transportation and other agencies and organizations involved in the project.  We are seeking a recommendation to authorize the Executive Director to execute a MOA with the NPS for a one-year period with two additional one-year extension options, in an amount not to exceed $105,845, for liaison services for the Presidio Parkway project and to authorize the Executive Director to negotiate the MOA terms and conditions.                                             

4.                  Recommend Approval of the Revised Debt, Fiscal and Procurement Policies and Ratification of the Current Investment Policy - ACTION* attachment

While it is Authority direction to review the Investment Policy and Debt Policy on an annual basis, it is also important to review all Authority policies periodically, to ensure compliance with current statutes and Authority objectives.  For Fiscal Year 2011/12, as there have been no changes to applicable law or Authority objectives that affect the Investment Policy, we are recommending this policy stand as currently adopted.  Upon the advice of the Authority's financial advisors and legal counsel, we are recommending changes to the Debt, Fiscal and Procurement Policies to conform to applicable law, allow for increased flexibility and maximize the Authority's debt capacity.  We are seeking a recommendation for approval of the revised Debt, Fiscal and Procurement Policies and ratification of the current Investment Policy.                                                                                          

5.                  State and Federal Legislative Update - ACTION* attachment

6.                  Introduction of New Items - INFORMATION

7.                  Public Comment

8.                  Adjournment




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