Well, I didn't personally make it to the meeting, but thankfully a few sources have filled me in on what happened in a big picture sense. To be clear, with the constantly morphing title of these PT Tomorrow alternatives, this "Preservation Plan" is the one which relies on an increase in sales tax. It will likely be similar to the Growth Alternative currently posted on PT Tomorrow, but likely has a few details changed here and there.
Transportation Choices Coalition's Twitter account was providing some updates and even covered some last minute drama of Timothy Farrell trying to include a sunset provision to end the increased sales tax after 5 years. In the end that motion failed and the board unanimously approved the resolution to get the sales tax increase of 0.3% to the ballot.
Lars Erickson, Pierce Transit's media spokesman sent out a press release which in short confirmed that Pierce Transit is indeed going to prepare for a ballot measure on February 8, 2011. Also mentioned in the press release is that the PT Tomorrow website will have updated maps and info on this Friday the 16th.