This is two hours. [inaudible conversations] the committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Beforere we turn to the substance and then members should during these proceedings in light of the cautions by wearing a face cover such as a mask so i urge unless youre speaking to please be wearing a mask. We are also conducting this hearing which affords Additional Space for those who are physically distant so before we get into housekeeping let me give my best wishes to the president and the first lady for a speedy recovery of covid19. We were all quiteor shocked and distressed this morning to learn of their illness and we hope for a speedyy recovery they are very much in our thoughts. The department of Homeland Security leading dhs office of intelligence and analysis referring to the office throughout the hearing left the committee no choice to issue a subpoena for the hearing today from counsel of the client and then the forme
In citywide fees, 77 in central soma fees and in our case and many of our peers have similar fees, 79 of project fees and concessions. Thats over 200 of concessions in the project. If you look at the numbers that mr. Eagan just presented if we are building 430,000 square feet a year and lose 120, the job housing linkage fee would be the same but you would lose 200 per square foot or 24 million per year of public benefits. We urge continuance and continued dialogue on this one. Thank you mr. Shannon. 2700 block of california is it about scott street . I would pose to you those people are actually going to tech jobs on the peninsula and had the peninsula built housing, they would be living next to their jobs right now. The floor is yours. Thank you supervisor. Mike from realty corporation. I completely agree that none of you who support this measure are trying to eliminate jobs in San Francisco. That was a good clarification. The goal is to generate revenue for the city of San Francisco.
Office growth. Its not at all connected to or analyzing the pipeline that we already have. Because we know that there are very large projects that are jumping all over each other to try to take whats available under prop m which is expected to at least in the next few years, in the near term, be a lot higher than much closer to the full prop m. I think the challenge we have now is having enough, year over year, because theres way more than the 950,000 that we have available. So i want to be clear the analysis is not connected to the actual pipeline that is existing now. Its based on the past and tends to be a long term forward look assuming the citys economy is as favorable as its been over the past 20 years for office. And to the extent that we bump into the prop m limit, the impact of projects being infeasible above that limit or rendered infeasible by this increase would not have any impact. They would simply be punted into the next year or at some future point when Market Condition
Not done enough in helping many of these african countries deal with internal and of course, Regional Security as it with especially dealing with insurgence. You have a group of african countries who believe that um, get this strategic objectives about cheating. National security and Economic Prosperity is better served with partnerships with china and russia. And then, you know, with american or, or, or you turn the economies for div very long conditions that many african countries trouble to meet. And perhaps because many applicants countries trouble to meet these conditions, we have pilots towards china and russia. Many things we accompany this sunday that so for me, for today, my colleague, i saw the defense key will be with you in about 30 minutes past the the when i was here position, i was suggesting we bomb bell. Great. I was suggesting that we send american pilots in and the bridges on the drain. I would suggest things we take out as oral supply. I was suggesting very specific
Our website, r t dot com for the very latest breaking news and updates. By the way, theres no end in sight over how youre going to continue to destroy the earth. Is the case for the med most of the people. I tried to go to the gym, but im certainly not ready to fight russia. This is also absurd. This is the 3rd world lunacy re washingtons 1st floor. So the funder line likes to say, we have the tools while we just start with stability and business deal. So what should be living on that we have a very good propaganda. You know a price here in your i think we dont know the aftermath any time that youre not allowed to ask questions, you should ask all of the questions. The more questions ask the better the answer is will be the the when i was here position, i was suggesting we bomb bell. Great. I was suggesting that we send american pilots in an blow up the bridges on the drain. I would suggest things we take out as oral supply. I was suggesting very specific action the i was suggesting we