Business plan is that right now for new facilities, distribution, stuff that we cant fund through Revenue Bonds, we have to pay cash. And so this gives us a vehicle to debt finance using our revenue. And so we are unable to do that on any new facilities. So, that was the thinking of trying to make the power enterprise. We always had the ability for clean power, not cleanpowersf, but clean power, we have that authority already. But as barbara and they have said, we are separating the business units, or we have hechi and we want clean power to stand on its own. So we started having clean power, you know, at a really relied on the power enterprise and initiation or the start, but now we have it where its true and not codependent, so we want to continue that. Right. I understand that. I just was surprised to first learn about the power Revenue Bonds charter amendment, you know, at a board meeting, frankly. This is the first ive had it explained. I approach appreciate it. I have a number of
Without opposition. You have the gavel, sandy, you are welcome to gavel down. [gavel] and thank you for being here today, and mr. Clerk, please call the next item. Number two, ordinance approving Development Agreement for the proposed mission rock project, seawall, 337 located east of 3rd street between basin channel and china basin park and attributing the park, pier 48, marginal wharf between pier 48 and 50, and p20. Thank you so much, mr. Clerk. And thank you to supervisor sandra fewer for chairing the committee until i got here. I know that this is the second hearing before the board of supervisors, just heard mission rock at the Land Use Committee earlier on monday, and so i want to thank our project sponsor and our multiple city departments for coming back to present on the budgetary aspects, or the d. A. Aspects of this deal. As i have mentioned on monday, this project has been ten years in the making. And something our office has been working very closely with the project spons
Can for our communities. And that type of integrity and commitment and tenacity has brought us to this point here. So supervisor kim, on behalf of all those families that would be living there and attending the mission bay school, i want to say thank you, thank you, thank you. Thank you very much. Supervisor kim thank you supervisor fewer through the chair. And i want to acknowledge supervisor fewers work, since 2009 or 10, she has been advocating for a school in mission bay and last year was the sole voice on the board of education to push for dedicated funds for mission bay schools and the bond and i appreciate you being the voice, even though you dont represent our district, last year in those discussions and making sure we got on to the bond and i want to thank the giants for agreeing to committing and supporting the study process moving forward. Supervisor peskin was joking next to me it was only one night, it was more than one night, it took a lot over one night. So i dont see an
Strong neighborhoods and communities versus financial profit and taxes, the city makes taxes whenever we can. Im here knocking on the door of market rate rents. Overhead, please. 80yearold gal, her market rate rent went up 600. She moved to another building and stroked ten months later. Wonderful little couple. Both of these are the nicest people. This couple, i didnt get a chance to shoot the photograph of that. This is the second rent increase. One of our residents who is still living there, a long time resident, about 20 years, she worked for the giants. She has to continue working for the giants because her below market rate apartment isnt paid for by her social security. Section 8, any unit there in section 8 . Any seniors . Weve four different groups of seniors, seniors that own their own home and cant take care of it, seniors whose legs are broken. We need to move homeless and put veterans in. There are disabled and less fortunate people that are part of our community. A market
Strong neighborhoods and communities versus financial profit and taxes, the city makes taxes whenever we can. Im here knocking on the door of market rate rents. Overhead, please. 80yearold gal, her market rate rent went up 600. She moved to another building and stroked ten months later. Wonderful little couple. Both of these are the nicest people. This couple, i didnt get a chance to shoot the photograph of that. This is the second rent increase. One of our residents who is still living there, a long time resident, about 20 years, she worked for the giants. She has to continue working for the giants because her below market rate apartment isnt paid for by her social security. Section 8, any unit there in section 8 . Any seniors . Weve four different groups of seniors, seniors that own their own home and cant take care of it, seniors whose legs are broken. We need to move homeless and put veterans in. There are disabled and less fortunate people that are part of our community. A market