Parcels next slide is a rendering of the average Office Building ill talk about that more in a minute Purchase Price is one hundred 72 millions the proceeds go towards the construction of the Transit Center and in 2016 the project consists of 7 hundred and 66 thousand seven hundred square feet of office space and to restore the tower there is 86 hundred square feet of ground floor retail space and about 24 thousand square feet of Public Open Space the plan to Start Construction in 2016 and required to complete the construction within 39 months of commencement as supervisor kim mentioned the developer will pay the impact fees of 6 point plus Million Dollars and 11 million plain clothes 8 is located on fulsome street between first and fremont this is a rendering of the building this one is residential and it consists of Tower Building plus two podiums located adjacent east this is a site the Purchase Price is 71 million again the funds are towards the construction and the close date is o
They inhollering desnefld so the impacts from a neighborhoods are not significant youll have a union here and there and spread out so the controls or the proposal here for the remainder is the same that we pass in the castro one inlaw unit for any building currently up to 10 units and greater than 10 unit must be constructed within the. Next speaker, please. Envelope and using the space not used for residential purposes as nodded if a building is subject to rent control ill be howard to have your support and ill now defer to supervisor christensen. Thank you supervisor christensen welcome. Thank you. Im grateful to supervisor wiener for spearheading a lot of the effort in district 8 there are a lot of us feel if it is time were certainly at a situation in the housing for my district where we have some of the oldest neighborhoods in the city and the most densely built in San Francisco this is a way to do our part to try to add more housing to the Housing Stock this is called inlaw unit
Here for the remainder is the same that we pass in the castro one inlaw unit for any building currently up to 10 units and greater than 10 unit must be constructed within the. Next speaker, please. Envelope and using the space not used for residential purposes as nodded if a building is subject to rent control ill be howard to have your support and ill now defer to supervisor christensen. Thank you supervisor christensen welcome. Thank you. Im grateful to supervisor wiener for spearheading a lot of the effort in district 8 there are a lot of us feel if it is time were certainly at a situation in the housing for my district where we have some of the oldest neighborhoods in the city and the most densely built in San Francisco this is a way to do our part to try to add more housing to the Housing Stock this is called inlaw unit legislation in a lot of cases we have a large percentage of our population that is living in buildings with units 10 units or more and a lot of 20 or thirty or 40
[inaudible conversations] would call the subcommitteeee back toward her and thank everyone for their forbearance. Weve concluded with number Opening Statements. It sure would remind members pursuant to committee was on the Opening Statements will be made part of the record. We do want to thank our witnesses for being here today. Taking time to testify before the subcommittee on this important issue, each witnessss will have the opportunity to give an Opening Statement followed by questions from members. Again, previously mentioned today well hear from mr. Michael holmes, chief by qu executive officer precarious Health Services, the associate commissioner for Medicaid Services from health and Human Services commission in the partner in the hill. And ppreciate you being here today. Mr. Holmes come you are not recognized for five minutes for an Opening Statement, please. Thank you, chairman burgers, Ranking Member green, members om the subcommittee. Rankin the federally qualified Communit
[inaudible conversations] would call the subcommitteeee back toward her and thank everyone for their forbearance. Weve concluded with number Opening Statements. It sure would remind members pursuant to committee was on the Opening Statements will be made part of the record. We do want to thank our witnesses for being here today. Taking time to testify before the subcommittee on this important issue, each witnessss will have the opportunity to give an Opening Statement followed by questions from members. Again, previously mentioned today well hear from mr. Michael holmes, chief by qu executive officer precarious Health Services, the associate commissioner for Medicaid Services from health and Human Services commission in the partner in the hill. And ppreciate you being here today. Mr. Holmes come you are not recognized for five minutes for an Opening Statement, please. Thank you, chairman burgers, Ranking Member green, members om the subcommittee. Rankin the federally qualified Communit