Finance Committee - September 9, 2008

PDF version of Agenda

AGENDA

FINANCE COMMITTEE

Meeting Notice

Date:                     9:30 a.m., Tuesday, September 9, 2008
Location:                    Room 263, City Hall
Commissioners:       Alioto-Pier (Chair), Mirkarimi (Vice Chair), Ammiano, Chu, Sandoval and McGoldrick (Ex Officio)
Clerk:                          Erika Cheng

 


1.                   Roll Call

2.                  Approval of Minutes of the July 8, 2008 Meeting - ACTION* (attachment)

3.                  Investment Report for the Quarter Ended June 30, 2008 - INFORMATION* (attachment)

The Authority's Investment Policy directs that a review of portfolio compliance be presented quarterly.  As year-end closing items are still being finalized, the investment report for the quarter ended June 30, 2008 is presented independently. Following the annual audit, the Basic Financial Statements will be presented to the Finance Committee in December along with the results of the fiscal audit, single audit, and management review.  This is an information item.

4.                  Draft Final Report on the Automobile Trip Generation (ATG) Impact Measure and on the Proposed ATG Transportation Impact Mitigation Fee Nexus Study - INFORMATION* (attachment)

The Authority's Strategic Analysis Report on Transportation Level of Service (LOS) Methodologies (SAR 02-03) examined alternative methodologies for assessing the transportation impacts of projects pursuant to the California Environmental Quality Act (CEQA). The SAR recommended convening a technical working group (TWG) to refine the SAR's recommendations for approval by the Authority Board. In July 2005, staff updated the Authority on the LOS TWG recommendation to replace the current automobile LOS measure with a measure based on the Automobile Trips Generated (ATG) by a project, paired with a transportation impact mitigation fee (TIMF).  Based on subsequent technical assessment and input from the LOS TWG and a statewide Peer Review Roundtable, the Automobile Trip Generation Impact Measure Final Report recommends an ATG measure based on net new automobile trips generated by a project.   Projects that do not generate net new automobile trips would not be considered to have transportation impacts under CEQA.  Projects that do generate automobile trips would be able to mitigate their impacts by paying a new transportation impact mitigation fee that would fund a set of citywide and local area projects designed to address environmental impacts caused by the project.  This approach is a better indicator of environmental effect than LOS; it is consistent with the City's Transit First policy and other environmental and health goals; it is more efficient and transparent for the Planning Department to implement and for project sponsors to understand; and it is a more effective approach to transportation impact mitigation. The report recommends the adoption of a new ATG measure and TIMF program by the City, and proposes that the Authority partner with City agencies on the initiation of a nexus study to support the new program.  The Authority has budgeted $100,000 toward funding the TIMF Nexus Study and we anticipate bringing an action item to commit these funds toward a joint $200,000 Nexus Study to the October Finance Committee meeting. We are seeking input on the ATG Impact Measure Study and proposed TIMF Nexus Study. This is an information item.

5.                  State and Federal Legislative Update - INFORMATION/ACTION

6.                  Introduction of New Items - INFORMATION

7.                  Public Comment

8.                  Adjournment

 

 

Please Note: that the meeting proceedings can be viewed live at http://www.sfgov.org/sfgtv or that evening at 6:00 pm on Cable Channel 26 in San Francisco, with a repeat on the weekend (either Saturday or Sunday evening). To know the exact cablecast times for weekend viewing, please call SFGTV at (415) 557-4293 on Friday when the cablecast times have been determined.

In order to assist the City's efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at all public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals.

To obtain a disability-related modification or accommodation, including auxiliary aids or services, to participate in the meeting, please contact Erika Cheng at 415.522.4800 at least two business days before the meeting.

If any materials related to an item on this agenda have been distributed to the Finance Committee after distribution of the agenda packet, those materials are available for public inspection at the San Francisco County Transportation Authority at 1455 Market St., 22nd Floor, San Francisco, CA 94103, during normal office hours. 

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