Breslin excused; supervisor farrell excused, commissioner ferrigno, follansbee, commissioner sass excused. We have a quorum. Well now proceed to item 1. Clerk item 1. Approval with possible modifications of the minutes of meeting setforth below regular meeting of may 12, 2016. Are there any questions or comments to the board on those minutes . I think it was a remarkable translation process to get it all down particularly with all the Public Comment. So im ready to entertain a motion. I move approval. Second. Is there any additional Public Comment . Seeing none, Public Comment is closed. All in favor say, aye. Aye. Any opposed . That motion carries unanimously. Discussion item 2. Clerk item 2, discussion item, general Public Comment on matters within the boards jurisdiction not appearing on todays agenda. Is there any additional Public Comment . Seeing none, Public Comment is closed. We will now move to the rates and benefits committee. We are now the committee as a whole on rates and
President scott, breslin excused; supervisor farrell excused, commissioner ferrigno, follansbee, commissioner sass excused. We have a quorum. Well now proceed to item 1. Clerk item 1. Approval with possible modifications of the minutes of meeting setforth below regular meeting of may 12, 2016. Are there any questions or comments to the board on those minutes . I think it was a remarkable translation process to get it all down particularly with all the Public Comment. So im ready to entertain a motion. I move approval. Second. Is there any additional Public Comment . Seeing none, Public Comment is closed. All in favor say, aye. Aye. Any opposed . That motion carries unanimously. Discussion item 2. Clerk item 2, discussion item, general Public Comment on matters within the boards jurisdiction not appearing on todays agenda. Is there any additional Public Comment . Seeing none, Public Comment is closed. We will now move to the rates and benefits committee. We are now the committee as a wh
Today, but to take care of up to 150,000 trees which would then give us an opportunity to expand our streetscape scape population by 50 over a period of years and to have the resources to take care of those trees and the sidewalks and assume liability. The funds will be funded in two ways. First, it sets a baseline in place, which is the average of what of the inadequate amount San Francisco has spent over the last 10 years. We havethe city spending on street trees has ranged over last 10 years from about 6 million to about 10 million so that this sets aside the average. About 8 million a year. Then, creates a modest and progressive parcel tax where overwhelmingly Property Owners will pay about 35 a year, the condo owner will pay 29. 50. A single typical singlefamily home or small permanent building will pay about 35. Larger buildings will pay more and large commercial buildings will pay significantly more good so it is a progressive parcel tax. The parcel tax is conditioned on the cit
Just a tad about the threshold of 50 there. What is leagiding decline . Manufacturing, the of Singapore Bank of singapore. The telcos are low. Shanghai is resuming where it left off. Obviously the 1. 3 another 1. 3 for the index. Quick check, i mentioned shanghai continuing oil is also continuing. Crude, about a dollar. We have bread 80s and slower . 80 lower. Production in russia. A postsoviet record. Direct exporting direct exporting 92 iraq exporting 92. 9 barrels a day. You are looking at 80 a barrel with a long list of brokerages that currently forecast have cap forecasts. Reduce the upside for longterm investors very do see upside for longterm investors. Checking in on futures, a change from friday, we were down four points. Back on track, 42,000 four the benchmark. A drop to the lowest it has been since 2006. Ecb will they wont they . It was flagged up for december but nothing happened. It caused a sharp in the markets that dr sure in the markets. We are clearly expecting a Big
By a crossed the world and ready to deliver stories that will drive your day. Well get stills from the Worlds Largest jewelry maker. Airline hide will have those numbers. We are also following microsoft news for the new ceo candidates. Im getting tough on bank capital. And in sydney, the poor job numbers. Sweetest have the story of the day. More regulation on sugar that affect profits. We will take a look at those numbers. China. The government is urging people to stay inside. Breakingget to numbers. The jewelry rocket maker is releasing its numbers. We know the brands well. Not living up to expectations in the Third Quarter. We are staying shy of just 3 billion euros. Analysts expected just over 3 billion. It is a misstep there. The gross is also a miss. Sales are rising nine percent in certain currencies. Many have been hoping to see double digits. Double digit growth is not out of their grasp. China, this is where they said they are expect in it to be the slowest year in luxury sale