the roll. thank you. madam press. supervisor avalos. supervisor ooh los. avalos, press en. president breed. president breed present. super campos, present. supervisor campos aob sent. supervisor farrell. cipher visor kim. supervisor mar. supervisor peskin. supervisor tang. supervisor weiner. supervisor yee. madam president, you have a quorum. thank you. ladies and gentlemen can you please join us in the pledge of allegiance. i pledge allegiance to the flag of the united states of america. and to the republic for which is stands one nation under god in divisible with liberty and justice for all. thank you colleague supervisor cohen is currently traveling out of the country. can i entertain a motion to excuse supervisor cohen. take this without objection. supervisor cohen is excused. madam clerk to the next item. that would have been communications madam president. we will let the minutes show we have the communication that supervisor cohen has asked to be excused.
go irish. good monday morning. the band is back together. awfully nice to have david back. i m back. we have jim cramer, and david fabe, as they say in france. the single best week for stocks in over a year last week. europe has lost a little ground this morning despite investor confidence numbers coming in at an 18-month high. the s&p starts the week at five-year highs. even as the lines are drawn in the battle over spending cuts and the debt ceiling. and then there is earning season. kicks off tomorrow with alcoa. banks in the spotlight this morning, bank of america settling with fannie mae with mortgages it underwrote during the housing boom. citi submitting to the feds. revising up, gdp forecast to 8-1, saying investing in the mass market stocks is the way to go. potential cuts at the magic kingdom reports disney s got internal cost-cutting review under way. the question of the day, can the new year rally continue. last week the s&p jumped 4.6% to a new five-yea
plastic water bottles. it s from the creators of the story of stuff. it s called the story of bottled water. you can easily access it at story of bottled water.org. and i want to thank the corporate accountability and international think outside the bottle campaign. there are great ways others can use this in their schools, in their communities to make sure that we re a nationwide and hopefully a global network of different groups that are working on the same thing to have zero waste in san francisco, but also to provide sustainable future for everyone. thank you. president chiu? okay. supervisor kim. sorry, i was having trouble with my mic. i also want to express my support for this legislation as well and the work president chiu s office did on it. i think this is a heavy lift, although this is just events on city-owned property and city leased property. i think it is an important step forward as we work to change the behavior and culture. first, we did it with plastic
further capacity used tax funds to acquire the site at [speaker not understood] carroll avenue and under the health and safety code [speaker not understood], authorize a ground lease for any [speaker not understood] using tax increment funds through a public hearing process, which is why we re here before you today. so, just a little background about the project. it is 420 units of affordable senior housing. it s going developed with [speaker not understood] as well as bayview hunters point senior center and also have a ground floor community senior center for bayview residents and seniors. 90 of the units are supposed to be offered to house the public housing residents as far as the housing [speaker not understood] housing public revitalization project. and the lease itself is for 55 years a the clerk had mentioned. the initial term, and an additional term for a lease of 99 years at the end of the day. as the board is familiar, if the successor agency is sub poed to wind dow
it s going developed with [speaker not understood] as well as bayview hunters point senior center and also have a ground floor community senior center for bayview residents and seniors. 90 of the units are supposed to be offered to house the public housing residents as far as the housing [speaker not understood] housing public revitalization project. and the lease itself is for 55 years a the clerk had mentioned. the initial term, and an additional term for a lease of 99 years at the end of the day. as the board is familiar, if the successor agency is sub poed to wind down its activities at some point once their housing obligations are complete. so, upon completion of this particular project the lease itself will be transferred to the mayor s office of housing and community development as the successor housing agency and we will actually come back to the board for that authorization [speaker not understood]. colleague, any questions on this? okay. let s hear now from member
you a thorough presentation in april but schedule wise you ail our projects will be delivered by the july 16th deadline except for two projects. we also have the schedule of the creek project formerly known as the creek filter project that project schedule has been debated until early 2019. keep in mind that project is tied to the dam project and can t be completed until the dam is completed. budget wise we know that it will exceed the budget we re still working out all the numbers. and when you look at costs so far based on the preliminary costs but at the same time we ve realized savings of 20 projects. the one project that we have has the largest cost increases. i anticipate we ll be able to complete all our forecasting work. we re going to issue a thirty day notice of change to comply with the requirements by the end of the next week. that notice will include all details for proposed changes and as i mention we ll come before you to seek your approval for those changes. i
is no limited communication from the two groups we re talking about we need to be sure that this does not effect stability. now that the old file is there i believe that represents a challenge for the neighborhood. we need to be careful about what we re doing with water it, have a big effect and our next item is the update from julie good afternoon commissioner i wanted to give you an update about the progress being done. as you recall the objective is to thoroughly review the schedule of budgets. we have a meeting coming up for our approval. this is an assessment that was issued in earlier february. it involves a comprehensive review of all our delivery costs of all our resources. it involves a high comprehensive review of trends and risks of the construction level. and also as part of that review we re assessing the needs of all our projects. it includes the contradiction projects we ve reviewed the latest project from the contractors. we ve reviewed the proposed projec
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