Transcripts For SFGTV BOS Budget And Finance Committee 20240713

The meeting will come to order. This is the meeting of march 25, 2020 regular meeting of the budget and finance committee. I am sandra lee fewer, chair of the budget and finance committee. I am joined by shamann walton, and raphael mandelman. Miss clerk, do you have any announcements . Clerk yes. Due to covid19, city hall is closed, however, the meeting is happening via remote. Committee members will attend the meeting through Video Conference or by telephone and participate in the meeting as if they were present. Public comment will be available for this agenda via the number scrolling across the screen. Best recommendation is you call from a quiet location, speak slowly and clearly, and turn out the t. V. Or radio. If you would like to submit your Public Comment via email, please submit it to me linda, linda, wong, wong, sf. Gov. Chair fewer thank you, madam clerk. Can you please call item 1. Clerk yes. [agenda item read]. Chair fewer thank you very much. We have john lau from the office of economic and workforce development. Yes, supervisors. I have a presentation, which i am opening now. Can you share your screen . I just did press share. I do not see it. Ill try to open it again. John, if you hd like, i ca pull it up quickly. Let me try again now. Chair fewer, you have someone on your roster. Chair fewer okay. Supervisor walton chair fewer, if i could say a few words . Chair fewer yes, sir. Im sorry. Supervisor walton id like to say a few words. This agreement would lease 1. 6 acres of port shoreline property to the developer for 66 years. In exchange, the developer will be responsible for constructing and maintaining the area as a Shoreline Park at no cost to the port or tworth tens of mils of dollars. With the inclusion of this port lease area, the project will have a dramatic effect on opening up the citys waterfront. Port front access is very limited at this point, and this increases the access. So this comes to us with a positive recommendation to the port commission, and our district 10 office deep district 10 office is in full support. Chair fewer thank you. Mr. Lau . Thank you, supervisors. Im having trouble sharing the file. Im here wi im david, ill take you up on that offer. Thank you very much. So oewd has led the negotiations for the Development Agreement on this project, working with multiple city partners. One of those partners has been the port of San Francisco. One of those items is before you, the Lease Agreement of the potrero hill project. I do have a few slides both for the Lease Agreements part of the project and then the project as a whole in context of the city. Ill go briefly through those. I know, supervisors, you have a number of items to get through today while dealing with this new format, but both david and i are available for questions, of course. So this project is what we refer to as the southern bay front strategy. Its kind of our organizing plan for planning for and organizing the suite of projects that the city has processed in the southeast part of the city in the past 15 years or so. So obviously, in combination, they represent a significant amount of Public Benefits of parks and open spaces, obviously, jobs and affordable housing, as well. So this has been the framework that we use to ensure that the Development Agreements that we negotiate on these individual projects serve overall the city and county ultimately. Next slide. So here, you see the project in context of the needed waterfront and its neighbor to the north, pier 70, will really have a dramatic impact on connecting the neighborhoods of the central waterfront, particularly the dogpatch, and its a part of shoreline thats never been publicly accessible and will be with this project. Next slide, please. Here, you see the project in particular, and youll see the 2. 8 acres of port property have been included in the project as analyzed under the California Environmental quality act analysis project and certified by the commission at the end of january. That decision has not been appealed. Next slide. So of that port property, 1. 8 acres next slide. Thanks, david. Is a portion of the remainor of 23rd street, which the developer will improve and dedicate to the city as part of this project. So the 1. 6 acres there you see on the shoreline area will be park project and publicly accessible land, and well get into a little more renderings of those in a minute. Just briefly, on the overall project, its been the subject of a robust 2. 5year Community Planning process with dozens and dozens of onsite meetings and meetings in the community with groups like the dogpatch association, potrero boosters, and other groups of the southeast really have made some significant changes to this project over the past 2. 5 years in response to that engagement and input. Next slide, please. You see the project here in total as a land use figure. 2600 units of total build out, in the total project thats okay, david. We can go to the next one. You see 1. 5 million square feet of office and life science. You see it organized here as a massing study. Next slide. And a little rendering about the shoreline itself, which is the topic of this Lease Agreement, and really a site and program thats geared towards drawing people to the waterfront and creating and engaging in dynamic experience once folks are there. Again, part of the shoreline, which has never really been publicly accessible in the history of the city. Next slide, please. There, you see a little bit about what the port property is today. And the next slide, how it would look after the project. Ill note that the bay trail, which is proposed to go through this area, its actually on what is currently private property, and they will be an easement over that area, including east of that, a total of 1. 6 acres. A 66year lease, and in return, the developer will be spending tens of millions of dollars to improve and then maintain that area within the next slide. Just a few slides, again, on the broader project because it is such a significant development. Ill go quickly through these. Overall, the project has achieved a 30 b. M. R. Level without public subsidy on a totally private project is quite significant. With the total project at buildout, it represents almost 800 units. The housing creates a menu of options for the developer to meet their b. M. R. , which includes fees, inclusion throughout the project, at 40 development. The fee projects, if they fee out to that maximum, would all be dedicated to Housing Projects in district 10. Well go next slide. And transportation of robust both t. D. M. Program and 65 million in t. S. F. Fees will go to a long list of projects that weve worked on with our colleagues at m. T. A. And the community. This includes potentially a Pilot Program for water transit run in San Francisco. Well go to the next slide. Workforce development. Again, weve negotiated a 1 million package from the sponsor which will directly fund getting san franciscans in the pipeline both on the construction and the users side in projects geared towards the type of users on the site that we anticipate, including science and biotech. And here, you see the subject port property in context of the open space, framework, really, a system of spaces throughout the project incurred by this new environment shoreline made possible by this Lease Agreement before you today. Well go to the next slide. And then briefly, a suite of community spaces. Theyre included in this deal, including a 25,000 square foot recreation center, that the developer is required to provide the conversations with the ymca thoroughly advanced conversations, i should say, and the potential of a new Public Library in the neighborhood. Next slide, please. Historic preservation, three notable resources onsite, all of which the developer is intending on reusing, which theyre required to do so by the planning documents. One being the brick walls of the former brick fortress of station a, and the staff, which people recognize from allaround the city. Next slide, please. Im wrapping up here. And then, sea level rise, which is important. Were achieving two measures on this front. One being the intermentions in the project as it is built interventions in the project as it is built, and then, second, a Community Facilities district that we are establishing as part of this project will be out years, which the city will receive revenue from, which the city will be able to spend on intervention of sea level rise. So from the ports perspective, and they can comment on this if there are any questions, we are receiving important Shoreline Park resources, access to those areas that have never been enjoyed. The city is receiving those at no cost to the port in terms of this, maintenance, and liability. Were also including additional areas through easement in the public trust which benefits the area in a number of ways, and i think thats it. Thank you. Chair fewer okay. Thank you very much. Colleagues, any comments or questions . Seeing none, okay, lets hear from the b. L. A. , please. Good morning, chair fewer and members of the committee. This is Severin Campbell from the budget and legislative analysts office. The board of supervisors is being asked to approve a 66 year ground lease between the city and California Bell Company with the purpose of developing a project on the port property. The proposed Development Agreement thats pending before the board sets out the development of the public park. The proposes resolution before you also would have the board approve the port commissions findings that the lease rate of 1 a year supports the public trust and the ceqa findings. Youll find in our report in exhibit 1 on page 6, we estimate the cost to the developer of the development, which we estimate about 69. 6 million over the 66year term. The actual cost of the development has not been laid out. There is a process laid out in the Development Agreement for that process. However, because we do estimate a net value to the port for this lease, we are recommending approval of the proposed resolution. Chair fewer thank you very much. Any comments from my colleagues . Seeing none, lets open this up for Public Comment. Are there any members of the public that would like to comment on this item, item number 1 . Please remember to please 10. Madam clerk, are you seeing any Public Comment on the roster . Clerk madam chair, you have no persons wishing to speak. Chair fewer thank you very much. Public comment is now closed. Madam clerk, id like to make a motion to move this to the full board with a positive recommendation. Lets do a roll call vote. Clerk yes. Chair fewer madam clerk, can you hear me . Clerk yes. There is a motion to move the item to the full board with a positive recommendation. [roll call] clerk your ayes are three ayes. The motion passes. Chair fewer thank you very much. [gavel] chair fewer madam clerk, can you please call item 2 . Clerk yes. Item 2 is resolution authorizing the g. E. Of the Public Utilities commission to execute an agreement with g. E. I. For planning, design, and possibly engineering support with an agreement amount not to exceed 11 million with a term not to exceed 11 years, for the period of april 2020 through april 2031. [gavel] chair fewer thank you very much. We have april from sfpuc today. Yes. Hello, good morning. Ill send it off to calvin. Okay. Good morning. Good morning, chair fewer and supervisors walton and mandelman. We have a presentation at this time. Just want to make sure that everyone can see that. My name is calvin hui, and im here to ask for [inaudible] sfpuc manages a multifaceted Water Management range, features a complex series of dams, reservoirs, tunnels, and complex treatment systems. In 2017, the oroville dam incident occurred, and from 2017 to 2018, the California Division of safety of dams, that is csod, issued an updated requirement for dams and reservoir orders. Sfpuc had to comply with the new dsod requirements, submitting Emergency Action plans, and performing condition assessments. Sfpuc is practically analyzing our dams and reservoirs and has developed a Capital Improvement program. Sfpuc is accepting contracts for professional engineering forms to perform improvements to our various dsod facilities. And to address this, the p. U. C. Has issued request for proposals that is the r. F. P. In september 2019. Three agreements will be present today the highestranked proposers. Each agreement will be for 11 years, with an amount of 11 million each. They were scored by a Community Evaluation panel. These agreements are consistent of the acom technical engineer services, h. D. R. Engineering, and g. E. I. Consultants. On january 14, sfpuc Commission Approved contracts with the acom and h. D. R. And in january, g. E. I. Was approved. Sfpuc is asking the board of supervisors to approve contract with g. E. I. Consultants, incorporated for a duration of 11 years, with a total amount of 11 million. With that, i hope the b. L. A. Will propose to support the agreement. And with that, ill turn it over for any questions. Chair fewer thank you, supervisor hui, can we have a b. L. A. Report, please. Yes. Thank you. Members of the committee, youre asking to approve a contract between the p. U. C. And g. E. I. Consultants. This is the third of three contracts awarded by p. U. C. The purpose of the contract is to comply with california state dam safety requirement. So the 11 million is allocated to several projects shown in table 2 on page 10 of our report over 11 years, and we recommend approval. Chair fewer thank you very much. Any comments, any questions or comments . If not, lets open this up for Public Comment. Is there any member of the public that would like to comment on item number 2 . Madam clerk, is there anyone lined up for Public Comment . Clerk madam clerk, there are no members of the public wishing to speak. Chair fewer okay. Well close Public Comment on item 2. Id make a motion to move this item to the full board with a positive recommendation. Roll call, please. Clerk on the motion to move this item to the full board with a positive recommendation [roll call] chair fewer thank you. [gavel] chair fewer madam clerk, can you please call item 3. Clerk item 3 is a resolution retroactively authorizing the Sheriffs Department of the city and county of San Francisco to accept and expent365,700 from the board of state and Community Corrections to assist local agencies for recruitment and training of corrections and probations personnel adherence to standards established from july 1, 2019 through june 30, 2020. Chair fewer and we have someone here from the Sheriffs Department to present. Yes. Supervisors, this is a fairly straightforward grant. We receive it every year, and let me know if you have any questions. Chair fewer mr. Holland, would you like to give a brief update on where the recruitment is with the Sheriffs Department now . Well, we are still actively recruiting. We have been facing different struggles with the department, but we anticipate hiring 50 to 60 deputies, and this is about the rate as which we would like to be doing it on a regular basis so we stay on a regular curve and we dont get into the dip that we experienced prior to sheriff hennesey coming in. We are on track to meet our but budget goals for the current fiscal year. Chair fewer okay. Any comments from my colleagues . Seeing none, lets open this up for Public Comment. Any members of the public wishing to comment on item 3 . Clerk just like to remind members of the public to press 10. Chair fewer yes, please press 10. Is there anyone in the queue wishing to speak . Clerk madam chair, theres no one wishing to speak. Chair fewer okay. Id like to make a motion to refer this to the full board with a positive recommendation. And can we take that without objection . Madam clerk, i think that suffices, or would you like to do a roll call vote. Clerk madam chair, i think it would be better if we did a roll call vote. Madam chair, you would need to do a roll call vote. Chair fewer hearing from our city attorney, we will do a roll call vote. Clerk on the motion to move to the full board with a positive recommendation [roll call] [gavel] chair fewer thank you. Madam clerk, will you please read the next item. Clerk item 4 is a resolution retroactively authorizing the office of the District Attorney to accept and expend a grant in the amount of 451,544 from the california Governors Office of Emergency Services for the county Victim Services program for the grant period of january 1, 2020, through december 31, 2020. Chair fewer thank you. I believe we have gina from the District Attorneys office. Thank you, chair fewer. Last year, our office served 8,551 victims of Violent Crime. We only work with victims of violence crime. It does not have to be a charged case. Anyone whos been a victim of a Violent Crime can apply for resources through our office. We paid out 1. 5 million in compensation. Our office in San Francisco accepts those applications, processes them, and finds if people are eligible or not and then pays out the resources to San Franciscos from that pot of money also. In addition, we had san franciscans from that pot of money also. In addition, we had 1,877 volunteer hours. We had a very robust volunteer program, where students from the bay area apply for an internship with our offices, where they learn to provide services to citizens of San Francisco. And that Program Helps us provide our inkind match on grants from the state. This originally helped us organize our response to mass casualties. So we have one of the best programs of responding to mass casualties in california. So much so that we were deployed to las vegas after the mass shooting to assist officials and advocates. Our model has been used in other areas in california, and assisted the state in creating a pot of money, 5. 8 million, to give 100,000 to each county to develop a program like ours. Now that we have the system in place for mass casualty, which fortunately has been beneficial in this crisis, we have more than half of our staff working remotely and still providing services to victims in San Francisco. Last week, we served 120 victims of crime all remotely. This week, were on target to serve about 200 victims of Violent Crime, and thats everything from charged and uncharged cases to assisting them with finding resources during this health crisis, and also keeping them updated on cases that are being held over or continued while the courts are sorting out whats going to happen through the shelter in place. So im here to ask that you please approve this grant so that we can continue to work, and were working hard for the citizens of San Francisco. Chair fewer thank you very much. Theres no b. L. A. Report on this. Lets move to Public Comment. Are there any members of the public that would like to speak on this item . Remember to press 10. Are there any speakers in the queue . Clerk no, chair, there are none. Chair fewer thank you very much. Public comment is now closed. [gavel]. Chair fewer id like to make a motion to move this to the full board with a positive recommendation. Could i have a roll call, madam clerk. Clerk yes, on item 4, with a motion to move to the full board with a positive recommendation [roll call] clerk there are three ayes. The motion passes. Chair fewer thank you very much. Madam clerk, can you please call item number 5. Clerk item number 5 is a resolution authorizing certain amounts to the indenture of trust and the Loan Agreement relating to the citys variable rate multifamily housing revenue bonds, currently outstanding in an aggregate Principal Amount of 211 million issued in 2016 for the purpose of providing financing for the acquisition, development, and construction of a 350unit multifamily rental Housing Project located at 450 folsom street. Chair fewer thank you. At the request of the developer, theyre wishing to this have item tabled. Lets move to Public Comment. Are there any speakers in the queue . Clerk madam clerk, there are none. [gavel] chair fewer thank you. I make a motion to table this item. Roll call vote, please. Clerk thank you. On the motion [roll call] clerk there are three ayes, the motion passes. Chair fewer thank you. Madam clerk, can you please call item 6. Clerk yes. Item 6, resolution approving the first amend to the contract between the city and county of San Francisco and the tides center to provide Supportive Housing Property Management services at six city leased sites by the delivering innovation in Supportive Housing program to help formerly homeless tenants maintain housing and stablity, to extend the Contract Term by four years, for a total period of july 1, 2019 through june 30, 2024, and to increase the contract amount by 23 million for a total contract amount not to exceed 29 million. Chair fewer thank you. Pardon me, chair fewer, while i bring this. These six buildings include four units of permanent Supportive Housing for formerly homeless extremely vulnerable adults . And the current contract is coming to an end, and wed like to extend it for an additional four years. Again, this is simply for Property Management services that d. I. S. H. Is currently providing, although theres some state and federal dollars, as well, included in the funding source. As the clerk has mentioned, the current budget is about 5. 5 milli 5. 5 million annually, and this will be increasing over the course of the project. This amount is to extend the Contract Term by four years, to june 2024, and increase the contract, including a 10 contingency. As you can see, the cost of the project continues to be about 5. 5 million annually, with a total not to exceed amount of the grant of 25 million, and im happy 29 million, and im happy to take any questions that you may have. Chair fewer thank you. Do i have any questions or comments . B. L. A. Report, please. Yes, chair fewer, the b. L. A. Is asking to approve a contract between the department of homelessness and Supportive Housing and the tide center. Tide center is related to d. I. S. H. Tide center was the only respondent to the r. F. P. For these six sites. They have been providing Property Management to these sites since about 2006. So the r. F. P. Provided for a tenyear contract. The department entered into a oneyear contract for 1. 58 million that expired this fiscal year. Theyre asking to increase the contract amount from 23 to 29 million, and extending the contract through 2024. On page 16 of our report, the contract is for the amount of public funding. There is some tenant and other funding to the contract that meets the total expenditure budget. This is a difference between the budget over 26. 6 million and the not to exceed amount of 29 million, however, that is to provide a contingency for expenditures, and we recommend approval. Chair fewer thank you very much. Any comments from my colleagues . Thank you. Lets move to Public Comment. Any Public Comment . Remember to press 10. Are there any speakers in the queue . Clerk madam chair, there are none. Chair fewer thank you very much. Public comment is now closed. [gavel]. Chair fewer id like to make a motion to move this to the board with a positive recommendation. Roll call vote, please. Clerk on the motion by supervisor fewer to recommend item number 6 to the full board with a positive recommendation [roll call] clerk there are three ayes. The motion passes. Chair fewer thank you very much. [gavel]. Chair fewer madam clerk, can you please call item 7. Clerk item 7, resolution approving for purposes of Internal Revenue code, section 147, the issuance and sale of revenue obligations by the California Enterprise Development Authority in an aggregate Principal Amount not to exceed 19 million to finance or refinance the acquisition, construction, renovation, rakes, improvement and orequipping of educational and related facilities to be owned and operated by San Francisco University High school, a california nonprofit Public Benefit corporation. Chair fewer thank you. I see we have several people joining us today. Yes, thats correct. Good morning, chair fewer and members of the budget and finance committee. Thank you for your time this morning. This is julia eels, im the head of San Francisco University High school. Im joined by the chair of our budget and finance committee, our chief finance officer, and a graduate of University High. We are here asking you for approval of funds in an amount not to exceed 19 million. This will allow us to make upgrades and improvements to our campus and to continue with master planning. I want to provide you with a brief overview of University High school so you can understand us a little bit better, and i will be happy to answer questions, as well as others in our group, that you may have. San Francisco University high school opened in 1975, located at 3065 jackson street. Enrollment for the 20192020 school year is 410 students. We are accredited by the western association of schools and colleges, and we are members of the National Association of independent schools, the California Association of independent schools, the college board, and the secondary schools admissions testing board. We currently employ 110 fulltime employees, along with 20 to 40 coaches and contract workers that live in the San Francisco bay area. Is the school has a diverse student body with a variety of racial, ethnic, religious, and socioeconomic backgrounds. 52 students identify as students of color. Our students come from 54 different zip codes, most in San Francisco and marin county. At u. H. S. , we believe the highest learning comes from people that embody a variety of experiences and perspectives. The School Awards over 3. 4 million in Financial Aid per year to 24 of the student body, making the average cost to attend for Financial Aid recipients approximately 15,791. Most recipients of Financial Aid are students of color. 28 are San Francisco University High School Families fall below the San Francisco poverty line. We commit to seeking and enrolling students from a diverse socioeconomic and cultural economic background, and we meet their need to ensure that they can fully engage in the u. H. S. Experience. University high school does not provide special education to any of its students as it does not align to the mission of the school. However, the school does accommodate learning differences. This allows University High school to build and sustain an excellent and diverse learning community. Additionally, San Francisco University High school runs a tuition free after school and Summer Program called Summer Bridge. Summer bridge was founded in 1978 at University High school and was the original site for a program now called break through collaborative, which runs 24 sites across the country. Summer bridge is a member of that break through collaborative, and Summer Bridge has transformed the lives of over 1200 middle schools students and nearly 650 college age and teachers to be. Since weve opened the program, this program prepares ambitious middle School Students to enter and thrive in well matched high schools for the purpose of securing admission to, succeeding in, and graduating from college. We support, through endowment and philanthropy the yearly budget and provide services for this program at no charge. Current enrollment for the purpose is 72 students, with 41 of those students falling below the San Francisco poverty line. The average income for families in this program is 85,390. We are also proud of the 11 Million Development of the paul good field project in the presidio, which has made available for Community Athletic organizations, such as San Francisco little league, as well as all San Francisco residents to enjoy. We would be happy to answer questions that you and your committee may have at this time. Thank you. Chair fewer thank you very much. Colleagues, any questions for miss ells . I have one question. So your school doesnt offer any special education services, meaning none of your students have i. E. P. S, correct . Actually, our students do have i. E. P. S, but they are in a range that our program can manage. But we certainly are responding to Students Learning differences, and they do have individualized programs. Chair fewer and the racial breakdown of your student body . We are 52 students of color and give me a minute. I just lost that screen. Sorry, im managing a lot of things. Chair fewer sure. And of that 52 students of color, what is the breakdown of that . Sure. The breakdown is that 20 of our students are asian asian american, 6 of our students are african american, 19 9 of our students are latinohispanic, 4 middle eastern, 2 Pacific Islander, and 1 native american. Chair fewer thank you. There is no b. L. A. Report on this. Any questions or comments from my colleagues . Is there any Public Comment . So well take Public Comment on this item now, item number 7. And if youd like to offer Public Comment, remember to press 10. Clerk madam chair, there are no speakers. Chair fewer thank you very much. Id like to make a recommendation to move this to the board with a positive recommendation. Roll call vote, please, madam clerk. Clerk yes. On the motion by supervisor fewer to move the item to the full board with a positive recommendation [roll call] clerk there are three ayes. The motion passes. Chair fewer thank you very much. Madam clerk, can you please call items 8 and 9 together. Clerk ye clerk yes. Item 8, resolution approving amendment number 1 to the agreement between richmond area multiservices and the department of Public Health for Behavioral Health services for adults, older adults, and transitionate age youth, to increase the agreement amount by 13 million for an amount not to exceed 23 million and to extend the term by three years, for a total agreement of july 1, 2018 through june 30, 2023. And item 9 is a resolution approving the amendment number 1 to the agreement between richmond area multiservices and the department of Public Health for Behavioral Health services for children, adolescents, and their families, to increase the agreement amount by 16 million for an amount not to exceed 26 million, and to extend the term by three years, for a total agreement of july 1, 2018 through june 20, 2023. Chair fewer thank you. And allison, i believe, is here, from the department. Yes. Allison is not here, so my name is jennifer, and i am here to present. Each contract is currently two years, and today, were proposing to extend each contract by three years, to end on june 30, 2023. Each are authorized by several different solicitations, as noted in the report. R. A. M. S adult and older adult programs serves all adults age 18 and over in need of Behavioral Health services. Its designed with a special focus serving the asian and Pacific Islander and russian speaking communities, both immigrants and u. S. Born, a group that are traditionally underserved. And the department agrees with the budget analysts recommendation to recommend the contract. Chair fewer thank you very much. And thank you for your consideration. Chair fewer thank you. So is there any comments or questions from my colleagues . If not, lets hear from the b. L. A. , please. Yes, supervisor fewer, members of the committee. So there are two contracts here that are being reflected for approval. 5200164, item 8, is a contract between d. P. H. And richmond area multiservices, or r. A. M. S. , for behavioral adult services. File 210065, is between r. A. M. S. And d. P. H. For area families. Following a competitive solicitation, the department entered into contracts of less than 10 million, so they didnt have to come to the board. The department is now asking for an increase in item 8, for a total amount of 13. 9 million. Item 9 is asking for an increase of 16. 4 million, not exceeding 29 million, and extending the term to 2023. The Funding Sources and expenditures are summarized for item number 8 in table 5 on page 25, and for item number 9, in table number 6 on page 26. You will note in our report that for the file 200164, the contract with r. A. M. S. For adult services, that there are actually some services included in the contract that exceed the r. F. P. Limit, so were recommending amending file 200164 by 412,633, so we do see the total not to exceed amount of 23. 5 million, and we recommend approval of file 200165. Chair fewer thank you very much. Any comments from my colleagues . Seeing none, lets open this up for Public Comment. Any members of the public wishing to speak on items 8 or 9, please remember to press 10. Excuse me, supervisors. This is allison, and im here to answer any questions regarding children, youth, and families, contract 200165. Chair fewer thank you. Mr. Clerk, are there any speakers on the queue . Clerk madam chair, there are none. Chair fewer thank you very much. Public comment is now closed. [gavel]. Chair fewer id like to make a motion to move and to approve the amendment brought forth by the b. L. A. Could we have a roll call vote on that, please. Clerk yes. On the motion brought forth by supervisor fewer to amend item number 8, that is file 200164 [roll call] clerk the motion passes. Chair fewer thank you very much. And now, id like to make a motion to approve items 8 and 9 as amended, and move it to the full board with a positive recommendation. Could we have a roll call vote on that, please. Clerk yes. On that motion [roll call] chair fewer thank you very much. So madam clerk, can you please call items number 10 and 11 together. Clerk yes. Item number 10, ordinance authorizing the treasurer to secure a shortterm line of credit in an amount not to exceed 20 million, or in the alternative, partner with one or more Financial Institutions for the purpose of providing shortterm emergency unsecured loans to Small Businesses with a physical location in San Francisco that are unable to meet rent, mortgage, or other fixed operating costs as a result of the economic downturn caused by sarscov2. Item 11 is an ordinance appropriating 20 million of shortterm loan proceeds and 600,000 of the general reserve to the office of the treasurers and Tax Collector to administer individual loans for Small Businesses impacted by sarscov2, appropriating 20 million for loan default, and authorizing the controller to reduce the loan default appropriation to the amount defaulted by june 30, 2021. Chair fewer and we have supervisor ronen joining us today to present this to us. Supervisor ronen thank yo,. Chair fewer. Id like to thank president yee for bringing this to the committee so quickly. Tens of thousands of Small Businesses and hundreds of thousands of workers are at risk. The shelter in place order, while absolutely essential for Public Health, has businesses scrambling to figure out how to stay afloat, and some businesses wont survive without us. I dont need to tell you because im sure youre hearing it as much as i am, but Small Businesses need our help, and they need it now. They need lots of different options to figure out the best way to withstand and survive this crisis. The moratorium on commercial evictions provides some immediate relief to shop owners as is the rent and mortgage moratorium that supervisors haney, preston, and i are calling from from our state and federal officials. But until then, renters are still on the hook for the rent and fixed operating costs. I worked with the Supervisors Office to put together quickly a 20 million rent stabilization loan program. Item 10 on your agenda is an ordinance to secure a line of credit, and to issue loans, and item 11 is the accompany ordinance authorizing those loans. Through this, the city will provide no interest loans up to 15,000 to Small Businesses to cover the rent and fixed operating costs with no interest for 12 months. This will pair well with federal and state help that we hope is on the way. The controllers appropriation also includes a generous allowance of 600,000 to cover total costs for the program for staffing and interest on the loan. Were not sure that this 600,000 is needed, but we wanted to make sure that the Treasurers Office had enough to completely administer this program. In response to feedback from colleagues, oewd, and the Small Business community, i am introducing two amendments today, which you will see on page 3. They are, beginning online 2, the treasurer shall implement such policies and procedures as required to administer the program, including, but not limited to, adding criteria for Small Businesses to be eligible for the loan so that the program is able to serve businesses at high risk of permanent closure. We want to ensure that theres enough flexibility built into this for the treasurer to implement it quickly and effectively. On page 3, line 19, we changed the definition of Small Business to include businesses with gross receipts up to 2,500,000. This captures more of the brick and mortar Small Businesses, retails, bars, restaurants, and nail salons. The federal Small Business administration has declared a disaster in the bay area, which opens the doors for businesses to apply for Economic Injury disaster loans. From what i have heard and learned about the s. B. A. Loans and i did take a webinar provided by the San Francisco s. B. A. Office, it will take some time to get this program up and running, and it will be hard for many of our smaller businesses to access this program. It is likely to be many months before those funds begin to flow. Under the best circumstances, businesses could use the s. B. A. Or other federal sources, which have fairly longterms, to repay the city funding. I know that oewd and the Small Business community is pushing hard for s. B. A. Loans to lower their rates, simplify their application process and lower barriers. But until they do, San Francisco must have a project in place. I want to explain some of the differences between the s. B. A. Loan and the loan we are proposing here. The s. B. A. Loan has an Interest Rate of 3. 75 with a maximum of 2 million and is up to 30 years, but any loan thats over 25,000 must be secured, meaning, the business must have some sort of equity to back that loan in the business itself or personally. We know that many of our Small Businesses in San Francisco are on a shoe string budget. They live month to month, and they dont have a lot of equity invested in some of their businesses. In order to apply for these loans, the barriers are extremely high. You must have an acceptable credit history, you must have a Proven Ability to repay the loan, you must submit profit and loss statements from many months back, you must have all your federal tax returns submitted. The applications are long, theyre tough, theyre high barriers. You cannot be on parole or probation to apply for these loans, and you have to be able to undergrow a very, very complicated application process in english. We know many of our Small Businesses owned by members of the i am this loan quickly, bu we need a low barrier option for these businesses that the city is offering so that we, at the end of this crisis, can continue to be a city of diversity of Small Businesses from all backgrounds. I dont want to end up, and i know that none of you want to end up a city of big box chain stores. In fact our small commercial corridors are known for our unique often immigrant owned Small Businesses, and we want to keep of character of this. Several businesses have closed already because they dont see an end. They dont want to rack up the debts that theyre incurring every single month because theyre not paying their rent or their mortgage. So again, this is one option. Its a relatively low risk option for the city to provide because its a loan. And yes, we will cover the interest payments, but its not going to be the full cost of the 20 million that were borrowing, and i would ask that you approve this today so we can get this program up and running and out the door and hopefully save some of the Small Businesses that are considering shutting down for good right now. Weve already lost the slims bar. The oldest gay bar in the history of San Francisco that is permanently closing. We cant let them do this. Weve got to do everything in our power to help them, so i ask you to support this today, and thank you so much for your consideration. Supervisor fewer, i cant hear you. Is your mute button on . Chair fewer okay. Lets hear from the b. L. A. For items 10 and 11. Yes. Supervisor fewer, members of the committee, item 10 would allow us to secure a line of credit, up to 20 million, or to find other options from other Financial Institutions to make shortterm loans to Small Businesses. Then item number 11 is an appropriation from the general reserve of 20. 6 million, 20 million to be a reserve in case of default on the loan, and 600,000 to cover the treasurers cost of administering the program and borrowing costs. We do note that the as of june 30, 2019, the general reserve fund balance is 130. 9 million. Under the admin code, the general reserve is to be equal to 2. 5 of general fund revenues. This code does provide, in the case of a declaration of an emergency due to a natural disaster, to drawdown below the required general reserve limit. We consider approval of these two ordinances to be a policy matter for the board of supervisors. Chair fewer thank you very much. Colleagues, any comments or questions at all . Yes, supervisor mandelman. Supervisor mandelman thanks, chair fewer, and thanks, supervisor ronen, for bringing this forward. I have also heard from many Small Businesses that are beside themselves with what they are confronting. I do have some questions about the structure of this question and also about the larger sort of city budget information, and i was sort of hoping that Ben Rosenfeld might be around. I know he was bouncing around from call to call. Any way, if he does show up, ive got some questions for Ben Rosenfeld. So this does come with a 20 million supplemental appropriation. And i understand that were not going to be spending all of that 20 million some, and we h hope money of these loans will be repaid. But there will be defaults, and those will come out of our reserves. Im wondering if theres any way to anticipate what the default rate might be and how much of the reserve this might cut into . Thank y. Supervisor ronen let me know if im supposed to put my name on the chat box to respond. Thats a great question, supervisor mandelman, and i do wish that ben was here to answer it. Clerk hes here. Supervisor ronen oh, control ben rosenthal, do you have an answer, because you would be better to answer it than me. Thank you, supervisors. Controller ben rosenthal. I think its a piece of information that we do not have complete information on, given the situation were in. I think the program that supervisor ronen has suggested that we the Treasurers Office put forward during the federal shutdown about a year ago, which in that case, the program was fundamentally physically a payday loan, where there was complete certainty that there would be a federal paycheck for a furloughed federal employee on the other side of the loan program, and we therefore expected to have a very low default rate. I think, given the situation were in, what the Economic Loss will be for businesses is unknown, for what duration, and what number of them will simply not exist at the end of the program and will therefore be unable to repay the loan. So its really information that we do not know at this point. The appropriation that you have in front of you has a full 20 million general fund reserve back stop, such that if you had complete daughtefault rate on businesses, from all businesses, we would be able to repay the loan from the general reserve. I wouldnt expect that to be the case, but i would expect the daughtefault rate to be hi. Chair fewer thank you. I see supervisor ronen, and supervisor mandelman. Would you like to respond . Supervisor ronen yes. Just to note, in the probation itself, it does give the treasurer the full ability to correct the debt, so anything that they would use normally. But i guess i have i share supervisor mandelmans concern and question about this, and im wondering, you know, whether a 20 million hold on the reserve is too extreme because we know were not i know, we can be pretty sure were not going to have full default, right, especially given that these other programs are on their way, and some people would be able to use these programs and then payback this loan. Just have that question for you, ben. Certainly. I agree that i think a full a full default rate or a default rate of 100 is likely to occur. What were guarding against, though, is ensuring that we have a board approval to repay our own loan here such that we dont default on the loan. And absent that appropriation, we run that risk. So this stopgap would be an appropriate method. The proposal that supervisor ronen put forward does allow us to monitor dwaefault rates wit the treasurer in the coming year, and we would report that back to the board as we go r s through through the experience. Chair fewer thank you. Supervisor mandelman. Supervisor mandelman i would love to hear from ben, since he is on the call, kind of where we are financially right now as a city, if were anticipating were going to have to make any other additional supplemental appropriations for any of the costs that were incurring around hotels and services and d. P. H. Activity around covideo, and thcovideo, covid, and what were anticipating next year. Chair fewer chair walton . Supervisor walton thank you, chair fewer. Supervisor ronen and mandelman are touching on the pressure points that i wanted to bring up. But the one thing i wanted to remind everyone is this is something thats unprecedented, and something that weve never come across before, but i think we should be looking at what does it mean to coming back to municipalities to address the need for Small Businesses or being able to address some of the debt that we may incur providing a loan fund like this. But this is something we absolutely must do and need to do. And then, the last thing im going to say is even with all of the other relief packages and things that we are planning that are going to take a hit on our budget, theyre not going to all be coming from the same pot, and so i just want to be very mindful of that. Were going to have to be very creative how we address this Economic Uncertainty and how we do everything we can to make businesses and individuals whole because i dont even know if were at the worst point of this crisis, but this is very important. Chair fewer thank you very much. Supervisor mandelman . Supervisor mandelman actually, then, i would like to hear from Ben Rosenfield about our current fiscal predicament, how this will play out in the current fiscal year, next fiscal year, and the year following. Chair fewer i will tell the colleagues that i have asked for the controller to do a presentation on this next week, but mr. Rosenfield, if you would like to do some highlights, that would be great. Clerk madam chair, you have supervisor ronen on the roster, but after mr. Rosenfield answers the question. Chair fewer i believe that supervisor ronen directed a question to mr. Rosenfield, so giving ben an opportunity to answer that question before i go to supervisor ronen. As the chair mentioned, we are presenting next wednesday to the fivemember Committee Regarding estimates and sort of thinking about our next fiscal year. We hope to have published our estimates of current year revenue losses by next monday, so we are furiously working on that as we speak. They will be extreme losses, even since i reported to you two weeks ago in across almost all of our major sources. Tech Revenue Sources now are worsening. I would expect the current estimate to be well over 100 million and rising. We will likely, because of the level of uncertainty, will be expressing that as a range, kind of as a better or less worse case, and a worse worse case next week, but we will have that for you on monday, and it will be significant. The outlook for next year continues to worsen, as well. And id expect the budget either changes our projections for the next couple of fiscal years beyond this one will be in the hundreds of millions of dollars in worsening. Its increasingly certain that the u. S. Is in a recession at this point, and the only question now is, is the shape of that recession will it be whats called a short, vshaped recession or will recession, with a quick snap back, or will it be a longer one . Chair fewer supervisor ronen . Supervisor ronen yes. I have a question for mr. Rosenfield, and then, a comment. I skipped over the 2 trillion package from the feds. Do you have a sense of what that means to municipalities . I can let you know what i know as of this morning, and obviously, the Mayors Office is tracking the senate bill as we speak, and it has not yet been reconciled with the bill at the house. Its something that we will know in the next couple of days as they come together. We are seeing significant relief from what were talking about here. We do know that in the senate bill, for example, theres 150 billion for state and local government relief to offset the cost of Health Care Response and other expenses that both the state and local governments are going to face in this emergency. We also know that theres very significant new allocations in the Small Business loans, in the grants in the bill,. 367 billion has been allocated in the bill. Again, i think the details in the bill and how that will be administered, weve not seen that yet, but will expect to in the coming days. Supervisor ronen thank you. And im wondering if you can ask a question to the city attorney, madam chair. Is ann pearson available . Yes. Ann pearson here. Can you hear me . Supervisor ronen yes, i can. I was wondering if we could add into the legislation a provision that requires at least partial repayment of the loan or maybe full repayment if the business is allowed to access assistance from the federal level . I think you would be able to make that amendment. I think it would be substantive, and it would require a continuance, but our office would be happy to work with you on that. Supervisor ronen okay. Thats great. Thank you. So what i would just say after hearing all of these answers is i realize that theres a ton of information that we dont know. We dont know how many of these businesses might not be able to repay these loans. We dont know what the full extent of the economic damage is going to be to our city and county budget. We dont know how much of the house the 2 trillion in help from the feds will fill many of those gaps. Its just not filling the gaps to Small Businesses, but many of the gaps in our budget are going to be filled by the feds in other ways. I just came from r. T. C. , for example, where many of the gaps of the m. T. A. Will hopefully be filled by this 2 million package. I understand that we just dont have the full picture yet. What i would say is that i know, because ive been on the phone with with with tons of Small Businesses, that every day we wait, were going to lose more Small Businesses in our city permanently. And so what i would ask is that we act today. Its a small way that we can make a difference, and it will save some Small Businesses after this crisis is over. Weve built into this a ton of flexibility, so have the Treasurers Office to shape this. And they can alter the criteria in order to make it most effective. It is an investment. It is an investment in funds, but aside from the 1 million fund that the mayor put in there, and the delay of business taxes, we dont have any other concrete fund out there that will make the difference between the business continuing or folding. And what ive heard directly from those businesses, and we have the support from sharkey laguana, the chairman of the Small Business commission, a letter of support from the golden gate restaurant association, if theres not something, something thats fast and low barrier, then say goodbye to some of our favorite businesses. And i know representing both the portola and the mission district, that so many of the businesses in the mission and in portola are immigrant run. These are not businesses that are ever going to have the capital, the assets, or the capability of applying for these high burdened s. B. A. Loans. So what i would ask of our community is knowing every detail. This is going to be a constantly changing situation, and by acting today, were saying, you know, were willing to take this risk to support our Small Business community in a time where were never going to have the full information. And with that, i turn it over to you. Chair fewer okay. Thank you very much. Lets open this up for Public Comment. Are there any members of the public that wish to comment on items 10 or 11, and if you would like to comment, please remember to president 10. Can you please let us know when there are speakers in the queue. Clerk madam chair, theres no members of the public wishing to speak. Clerk chair fewer, supervisor mandelman is on the roster. Chair fewer oh, yes, supervisor mandelman. Supervisor mandelman thank you, chair fewer. I have concerns about this, significant concerns. I know we probably cant anticipate what the default rate is going to be, but i think its safe to assume it could be 50 . It could be bad, it could be more than that, and if thats a 10to15 million hit to our reserves, not to say we shouldnt do it, but i think we need to have a little bit more information before we potentially subject ourselves to that kind of risk. I think, you know, our First Priority in this city has to be Public Health, and its going to be continuing the response to our Public Health needs, meeting the needs of unsheltered people who have high levels of vulnerability, and i think if were going to be able to do that going forward, we need to be careful about our resources. I also think we need to better understand whats coming in this federal aid for Small Business, and what private philanthropy would be tapped in the shortterm. Im wondering whether a smaller amount of grants would be more helpful to Small Businesses who dont know what the endpoint is, and well have anxiety about taking on additional loans. Maybe thats not a direction anyone is interested in going, but it is a thought. I i i at this point, i would like to give this a little bit more time and get more information from the controller about where we are next week and then move forward on this. Chair fewer thank you. Supervisor walton . Supervisor walton thank you, chair fewer. I certainly understand supervisor mandelmans concerns, but we are in a time of uncertainty. Certainly, the questions that supervisor mandelman wants answered are valid. I think if we look at the federal stimulus package, we can see that our top priority is keeping everyone healthy and keeping everyone safe. I think the idea is were going to have billions of dollars from the federal government to address the Health Care Needs here across the country, which i think is important to note. And we also have to look at the fact that we have businesses that are literally dying today, dying today as we speak in all of our districts if you look at the third street corridor, which happens to be high vacancy rates in terms of businesses in general, our businesses are bleeding. Most of them are not open. They dont have a way to participate and keep their doors open in terms of delivery. Its not just happening in district 10, but its happening across the city. And we have to do something with Crisis Response and emergency response. And this gives us the opportunity. I do not believe in any way, shape, form, or fashion, that we would exhaust the funding in this legislation, but we would be able to save some of our businesses, and the Controllers Office would be able to reassess how much of those proceeds we have used up until a certain point. Even though i understand your concerns, and they are very valid, this is the only opportunity we have to act and move today for some of our fall businesses to save them. Otherwise, we wont even have Small Businesses continue when we come up out of this crisis. So i would like to move items 10 and 11 forward to the full board with a positive recommendatio recommendati recommendation, understanding all the concerns that exist. Chair fewer supervisor ronen . Supervisor ronen thank you, supervisor mandelman. This is a constantly shifting situation. Were never going to have all the information. We have to act boldly and take a leap of faith at times to say we see you, we understand what youre experiencing. We understand youre deciding today whether or not to close or stay open, and here is another option for you to help you make that decision and hopefully allow you to stay open for three more months while all these other programs are put into place. The idea is to act fast, and it is to act without high barriers, so that all businesses, even those run by immigrants, have a chance. Chair fewer thank you. So i want to say that i dont even know the full picture. I know theres been efforts from the city to help with the funds. I dont know where that is, but i also want to say that i just got off the phone this week with merchants in my neighborhood, and yes, Small Businesses are suffering, and they will continue to suffer throughout this whole pandemic, which we dont know where the end is. I think the questions for me is what are the criteria that were asking to secure a loan without the possibility of paying them back. Also, in this loan, theres nothing about geographic balance, and i dont want to see these loans going to one pick neighborhood, when we know that every business in every part of San Francisco is suffering. Another concern is language access. From speaking to commissioners on the Small Business commission, i think theyre having an issue on getting information out in an equitable way through language access. Again, how will this be implemented . I also think that id want to know if there are other loans that we have in place that the Treasurers Office might be looking at a possible default, and that this isnt the only loan out that might be defaults. I also want to say that yeah, i am completely down with what this is trying to do. And id just say if i wasnt on the budget committee, and i wasnt the budget chair, i wouldnt know what is going on in the city and county of San Francisco, and id want to know. And so when we are looking to see folks, when we are looking for all these support systems, i would feel much more comfortable if i had the whole picture. And i say that also for the most Vulnerable People that are living in San Francisco, that theyre going to need unique financial help individually themselves. And so our Small Businesses, as i know, are the backbone of our community, and i want to help them, too. I just want to get a bigger picture, and absolutely, i said my job as budget chair is to get the bigger picture. And so we have a motion on the table today that supervisor walton has brought forth to continue this item i mean, to vote for this item, to pass it to the full board, and i would like to propose a motion that we continue this item for another week as we first hear from, as i said, scheduled next week is a full report from the controller about projections, and theyll have much more information then. I am also requesting information on the 1 million that the mayor has set aside, has that fund grown, what is the criteria for that, and how are these two differently different, or is it a meshing of these two . So i do have some other questions, actually, from the Treasurers Office, but i can submit those during the week if the motion passes. So first, id like to have an opportunity to vote on supervisor waltons clerk chair fewer, one of the clarifications, at the beginning of the meeting, supervisor ronen did submit amendments to item 10 for your consideration. Would you like to consider those amendments . Chair fewer i think we can vote on the amendments, quite frankly. So lets have a vote first on the amendments to supervisor ronens legislation. So could we have a roll call vote, please. Clerk yes. On the motion by supervisor fewer to amend item number 10 as stated earlier by supervisor ronen [roll call] chair fewer and then, we have a motion on the table from supervisor walton to move this to the full board with a positive recommendation. Could we have a roll call vote, please. Clerk yes. On the motion by supervisor walton to move the items to the full board with a positive recommendation [roll call] clerk there is one aye and two noes with supervisors mandelman and fewer in the dissent. The motion fails. Chair fewer thank you. Id like to make a motion to move this items 10 and 11 as amended to be continued to the next meeting of the budget and finance committee. Could i have a roll call vote, please. Clerk yes. On that motion [roll call] clerk there are two ayes and one no, with supervisor walton in the dissent. The motion passes. Chair fewer thank you very much. Madam clerk, do we have any other business before us today . Clerk theres no further business. Chair fewer thank you, madam clerk, and thank you so much, everyone, as were trying to figure this out. The meetings adjourned. [gavel] hi. My name is carmen chiu, San Franciscos elected assessor. Buying your first home is a big deal. For many of us, its the single largest asset that well own. Thats why its really important to plan ahead for property taxes so that there are no surprises. A typical question new homeowners ask is what is a supplemental tax. So understand supplemental tax, we need to start with proposition 13. Under californias prop 13 law, the value we use to calculate your property tax is limited to a 2 growth peryear, but when ownership changes, prop 13 requires that we set a properties assessed value to market value. The difference in value between the previous owners value and the new value is the supplemental assessment. How does the supplemental assessment translate to the tax you need to pay . Supplemental tax is calculated by applying the tax rate to the value and then prorating it for the amount of time that you owned it in that tax year. In generale, the tax rate is roughly 1 . Lets walkthrough an example together. Here dan is the original owner of a home with a prop 13 protected value of 400,000. With a tax rate of 1 , he pays 4,000. Dan sells his home to jennie at a market rate of 700,000. In this case, jennies home will be reassessed to 700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. Many times, people might have already paid their property taxes in full by the time they sell their home. In that case, dan has paid 4,000 in taxes already for the full year. Jennie would likely payback dan through escrow for her share of the 4,000, depending on the proportion of the tax year she owns the home. However, shes also responsible for paying taxes at the higher market value from when she begins to own the home. How does that work . Lets say jennie owns the property for nine months of the first tax year, which is approximately 75 of the year. During the escrow process, shed pay dan back 75 of the 4,000 he already paid, which is 3,000. On top of that, she would owe taxes at the higher rate for the proportion of the year she owned the house. In this case, she owes the amount not already billed through dan or 700,000 minus 400,000, multiplied by a tax rate of 1 , and multiplied again by 75 to reflect the time she owned the home in that tax year. Here, jennies supplemental tax is roughly 2,250. Going forward, jennie will be billed at her new reset prop 13 value. Are you still with us . If this isnt complicated enough, some new owners might receive two supplemental tax bills, and this has to do with the date that you transfer property. But before we get to that, you first need to understand two concepts. First, what is a fiscal year . In california, local government runs on a fiscal year. Unlike the calendar year, where the year begins on january 1, a fiscal year begins in the middle of the year, on july 1. Property tax follows the fiscal year cycle. Second, state law requires property be valued as of january 1 every year, in other words, new years day. The value as of january 1 is used to calculate property taxes for the upcoming fiscal year. This means Property Value as of january 1, 2018 will be usedtor fiscal year 18 used for fiscal year 1819 covering july 2018 through june 2019. Similarly, the value of january 1, 2019 will be used for the fiscal year covering july 2019 through june 2020. Now back to whether you should expect to receive one or two supplemental tax bills. The rule of thumb is that if the property transfers happens in the first half of the fiscal year, in other words between july and december, then you should expect only one supplemental tax fill. If the transfer happens in the second half of the fiscal year or between january and june, you should expect two supplemental tax bills. Heres the reason why. Using dan and jennies example again, dans 400,000 value as of january 1 is used to set the tax bill for the following fiscal year beginning july through june of the next year. Jennie buys the property from dan in october. The taxable value is reset to 700,000 as of october, but the bill issued still reflects dans lower value. In this case, jennie would expect to receive one supplemental or catchup bill to capture the difference between her assessed value and begans fr begans dans from october through june. Because of january 1 we already know of the sale, we would have used the following year to set jennies property taxes and no other supplemental bill should be received. However, if dan sells the property to jennie in march, instead, jennie should expect two supplemental bills. Like before, jennie would receive one supplemental bill to cover the time in which she owned the home in the current tax year from march to june. But because as of the next january used to set the tax base for the following tax year, dan still owned the home, the following years entire bill still reflects the values not updated for jennie. In this instance, jennie receives a second supplemental for the following year covering july through june. After the supplemental tax bills, new owners should receive only one regular tax bill peryear going forward. Remember our office values the properties, but billing and collections are handled by another Organization Called the treasurer and Tax Collectors office. If youd like to learn more, please visit our website at sfassessor. Org. Thank you for watching. It did take a village. I was really lucky when i was 14 years old to get an internship. The difference that it made for me is i had a job, but there were other people who didnt have a job, who, unfortunately, needed money. And they were shown to commit illegal acts to get money. That is what i want to prevent. [ ] today we are here to officially kick off the first class of opportunities for all. [applause]. Opportunities for all is a program that mayor breed launched in october of 2018. It really was a vision of mayor breed to get to all of the young people in San Francisco, but with an intention to focus on young people that have typically not being able to access opportunities such as internships or workbased learning opportunities. Money should never be a barrier to your ability to succeed in life and that is what this program is about. Theres always these conversations about young people not being prepared and not having experience for work and if they dont get an opportunity to work, then they cannot gain the experience that they need. This is really about investing in the future talent pool and getting them the experience that they need. It is good for everyone because down the road we will need future mechanics, future pilots, future bankers, future whatever they may be in any industry. This is the pipe on we need to work with. We need to start developing talent, getting people excited about careers, opening up those pathways and frankly giving opportunities out there that would normally not be presented. [ ] the way that it is organized is there are different points of entry and different ways of engagement for the young person and potential employers. Young people can work in cohorts or in groups and thats really for people that have maybe never had job experience or who are still trying to figure out what they want to do and they can explore. And in the same way, it is open for employers to say, you know what, i dont think we are ready to host an intern yearround are all summer, but that they can open up their doors and do site visits or tours or panels or conversations. And then it runs all the way up to the opportunity for young people to have longterm employment, and work on a project and be part of the employee base. Something new, to get new experience and meet people and then you are getting paid for it you are getting paid for doing that. It is really cool. I starting next week, i will be a freshman. [cheers and applause] two of the things i appreciate about this program was the amazing mentorship in the job experience that i had. I am grateful for this opportunity. Thank you. Something i learned at airbnb is how to network and how important it is to network because it is not only what you know, but also who you know to get far in life. During this program, i learned basic coding languages, had a had to identify the main components and how to network on a corporate level. It is also helping me accumulate my skills all be going towards my College Tuition where i will pursue a major in computer science. For myself, being that i am an actual residential realtor, it was great. If anybody wants to buy a house, let me know. Whenever. [applause] it is good. I got you. It was really cool to see the commercial side and think about the process of developing property and Different Things that i can explore. Opportunities for all was a great opportunity for all. We were aiming to have 1,000 young people register and we had over 2,000 people register and we were able to place about between 50 and did. We are still getting the final numbers of that. Over several weeks, we were able to have students participate in Investment Banking they were able to work with our team, or technology team, our engineering 20 we also gave them lessons around the industry, around financial literacy. There are 32,000 young people ages 16 and 24 living in San Francisco. And imagine if we can create an opera skin it just opportunity for all program for every young person that lives in public housing, affordable housing, low income communities. It is all up to you to make that happen. We have had really great response from employers and they have been talking about it with other employers, so we have had a lot of interest for next year to have people sign on. We are starting to figure out how to stay connected to those young people and to get prepared to make sure we can get all 2400 or so that registered. We want to give them placement and what it looks like if they get more. Lets be honest, there is always a shortage of good talent in any industry, and so this is a real great career path. For potential sponsors who might be interested in supporting opportunities for all , there is an opportunity to make a difference in our city. This is a really thriving, booming economy, but not for everyone. This is a way to make sure that everyone gets to benefit from the great place that San Francisco is and that we are building pathways for folks to be able to stay here and that they feel like they will belong. Just do it. Sign up for it. [ ] [ ] right before the game starts, if im still on the field, i look around, and i just take a deep breath because it is so exciting and magical, not knowing what the season holds holds is very, very exciting. It was fastpaced, stressful, but the good kind of stressful, high energy. There was a crowd to entertain, it was overwhelming in a good way, and i really, really enjoyed it. I continued working for the grizzlies for the 20122013 season, and out of happenstance, the same job opened up for the San Francisco giants. I applied, not knowing if i would get it, but i would kick myself if i didnt apply. I was so nervous, i never lived anywhere outside of fridays know, andfridays fresno, and i got an interview. And then, i got a second interview, and i got more nervous because know the thought of leaving fresno and my family and friends was scary, but this opportunity was on the other side. But i had to try, and lo and behold, i got the job, and my first day was january 14, 2014. Every game day was a puzzle, and i have to figure out how to put the pieces together. I have two features that are 30 seconds long or a minute and a 30 feature. Its fun to put that altogetl r together and then lay that out in a way that is entertaining for the fans. A lucky seat there and there, and then, some lucky games that include players. And then ill talk to lucille, can you take the shirt gun to the bleachers. I just organize it from top to bottom, and its just fun for me. Something, we dont know how its going to go, and it can be a huge hit, but youve got to try it. Or if it fails, you just wont do it again. Or you tweak it. When that all pans out, you go oh, we did that. We did that as a team. I have a great team. We all gel well together. It keeps the show going. The fans are here to see the teams, but also to be entertained, and thats our job. I have wonderful female role models that i look up to here at the giants, and theyve been great mentors for me, so i aspire to be like them one day. Renelle is the best. Shes all about women in the workforce, shes always in our corner. [applause] i enjoy how progressive the giants are. We have had the longer running until they secure day. Weve been doing lgbt night longer than most teams. I enjoy that i work for an organization who supports that and is all inclusive. That means a lot to me, and i wouldnt have it any other way. I wasnt sure i was going to get this job, but i went for it, and i got it, and my first season, we won a world series even if we hadnt have won or gone all the way, i still would have learned. Ive grown more in the past four years professionally than i think ive grown in my entire adult life, so its been eye opening and a wonderful role call mr. President , all members are present. Thank you. I guess this is unusual, but ill say