THIS COMMITTEE HAS COMPLETED ITS PURPOSE

The Transbay Project Cost Oversight Agreement dated as of May 13, 2016 (“Agreement”) between the TJPA, the City and County of San Francisco acting through its Controller’s Office, and the Metropolitan Transportation Commission, which established the Cost Review Committee (CRC), is terminated. The purpose of the Agreement was to oversee the expenditure of the proceeds for the term that the indebtedness under the Interim Financing was outstanding and the Agreement terminates when the indebtedness under the Interim Financing is fully repaid. As of May 19, 2020, the indebtedness under the Interim Financing was fully repaid, thereby completing the CRC’s term.