Bay Area Metro Center

375 Beale Street

San Francisco, CA 94105

Meeting Minutes

Bay Area Infrastructure Financing Authority

Alfredo Pedroza, Chair Nick Josefowitz, Vice Chair

Wednesday, March 27, 2024

9:50 AM

Board Room - 1st Floor

Roster

Alfredo Pedroza (Chair), Nick Josefowitz (Vice Chair),

Margaret Abe-Koga, Eddie Ahn, David Canepa, Cindy Chavez, Carol Dutra-Vernaci,

Dina El-Tawansy*, Victoria Fleming, Dorene M. Giacopini*, Federal D. Glover,

Matt Mahan, Nate Miley, Stephanie Moulton-Peters, Sue Noack, Gina Papan,

David Rabbitt, Hillary Ronen, Libby Schaaf*, James P. Spering, Sheng Thao

*Non-Voting Members

Chair Pedroza called the meeting to order at 11:26 a.m.

1. Call to Order / Roll Call / Confirm Quorum

14 -

Present:

Chair Pedroza, Vice Chair Josefowitz, Commissioner Abe-Koga, Commissioner

Ahn, Commissioner Chavez, Commissioner Dutra-Vernaci, Commissioner Glover,

Commissioner Miley, Commissioner Moulton-Peters, Commissioner Noack,

Commissioner Papan, Commissioner Rabbitt, Commissioner Ronen and

Commissioner Spering

4 -

Absent:

Commissioner Canepa, Commissioner Fleming, Commissioner Mahan and

Commissioner Thao

Commissioner Ronen invoked AB 2449 (just cause) due to physical disability and was counted as

present for the meeting.

Non-Voting Commissioners Present: Commissioner Giacopini and Commissioner Schaaf

Non-Voting Commissioner Absent: Commissioner El-Tawansy

2. Consent Calendar

Upon the motion by Commissioner Dutra-Vernaci and seconded by Commissioner

Glover, the Authority unanimously approved the Consent Calendar by the

following vote:

14 -

Aye:

Chair Pedroza, Vice Chair Josefowitz, Commissioner Abe-Koga, Commissioner

Ahn, Commissioner Chavez, Commissioner Dutra-Vernaci, Commissioner Glover,

Commissioner Miley, Commissioner Moulton-Peters, Commissioner Noack,

Commissioner Papan, Commissioner Rabbitt, Commissioner Ronen and

Commissioner Spering

4 -

Absent:

Commissioner Canepa, Commissioner Fleming, Commissioner Mahan and

Commissioner Thao

24-0066

Approval of BAIFA Minutes of the December 20, 2023 meeting

Authority Approval

2a.

Action:

3. BAIFA Network and Operations Committee Report (Dutra-Vernaci)

24-0299

3a.

BAIFA Resolution No. 52 - Bay Area Infrastructure Financing Authority

(BAIFA) Express Lanes 10-Year Financial Plan and Reserves Policy

Request for approval of BAIFA Resolution No. 52 adopting the BAIFA

Express Lanes Program 10-Year Financial Plan for Fiscal Years (FY)

2023-24 to FY 2032-33.

Action:

Authority Approval

Ken Hoang

Presenter:

Upon the motion by Commissioner Dutra-Vernaci and seconded by Commissioner

Noack, the Authority unanimously adopted BAIFA Resolution No. 52. The motion

carried by the following vote:

14 -

Aye:

Chair Pedroza, Vice Chair Josefowitz, Commissioner Abe-Koga, Commissioner

Ahn, Commissioner Chavez, Commissioner Dutra-Vernaci, Commissioner Glover,

Commissioner Miley, Commissioner Moulton-Peters, Commissioner Noack,

Commissioner Papan, Commissioner Rabbitt, Commissioner Ronen and

Commissioner Spering

4 -

Absent:

Commissioner Canepa, Commissioner Fleming, Commissioner Mahan and

Commissioner Thao

24-0300

3b.

BAIFA Resolution No. 53 - Bay Area Infrastructure Financing Authority

(BAIFA) Reserves Policy

Request for approval of BAIFA Resolution No. 53 adopting the BAIFA

Reserves Policy beginning Fiscal Year (FY) 2024-25.

Action:

Authority Approval

Ken Hoang

Presenter:

Upon the motion by Commissioner Dutra-Vernaci and seconded by Commissioner

Moulton-Peters, the Authority unanimously adopted BAIFA Resolution No. 53. The

motion carried by the following vote:

14 -

Aye:

Chair Pedroza, Vice Chair Josefowitz, Commissioner Abe-Koga, Commissioner

Ahn, Commissioner Chavez, Commissioner Dutra-Vernaci, Commissioner Glover,

Commissioner Miley, Commissioner Moulton-Peters, Commissioner Noack,

Commissioner Papan, Commissioner Rabbitt, Commissioner Ronen and

Commissioner Spering

4 -

Absent:

Commissioner Canepa, Commissioner Fleming, Commissioner Mahan and

Commissioner Thao

4. Public Comment / Other Business