The second issuance, 3. 9 million for 19th avenue, so we are just finalizing and getting our final approvals from caltrans, and i believe they will advertise as early as this spring. That will be in construction this year and will bring significant Pedestrian Safety improvements. In terms of ocean avenue, i know that we have some spot issues that we are aware of in our working on solutions for. Im not sure offhand if its in the high injury quarter, but the overall bringing to the committee in the next few months will lay out essentially how we are going to, how we are planning through, particularly our fiveyear c. I. P. , takes us to almost 2024, our vision 0 goal, well be able to show how that Capital Budget on the street side addresses the balance of High Injury Network which is still yet to be addressed. If ocean is on the network, i imagine there will be improvements that you will see in the upcoming five year, relative to ocean avenue. Upgrades over the last 15, 20 years, but the
All right, lets get started. Ok. Welcome to the meeting. This is a special meeting start over ok, this is a meeting of the budget and finance committee for thursday, january 11, 2018. Yes. I am supervisor norman yee, vice chair of the committee and joined by supervisor katy tang. Supervisor malia cohen is excused from todays meeting. Can we have a motion . Motion to excuse supervisor cohen. Supervisor yee madam clerk, linda wong, and i would like to thank somebody, here. Thank jesse larson and jim smith from the s. F. Govtv for broadcasting this meeting. Clerk will also provide your names. Madam clerk, do you have announcements . Clerk silence all cell phones and electronic devices, and items submitted to the clerk. Items acted on will be on the january 23rd unless otherwise stated. Number one, resolution authorizing the resolution and Second Amendment to the ground Lease Mission bay Affordable Housing with the refinancing and minor rehabilitation, king streets and rich sorro commons.
Projects such as the el taraval, waiting for m. T. A. To be ready for the track replacement so we could never repave the whole road. I know its our practice to combine as many projects as possible, you get in once and redo everything, but also meant ever since another supervisor, i dont know if this will, i hope the schedule will continue on track, we havent done anything to that stretch. So, im just wondering how it is in the future, i know a lot of Public Comment you have to take on some of these muni forward or rapid projects, but it really does cost delay and other critical things that need to happen, such as the track replacement or the street repaving that goes along with it. So, any thoughts as you are moving forward with other rail lines and so forth . Yeah, so, thank you for the question and through the chair. We are trying to make sure that we are coordinating all of these projects. And if i recall when i was at public works, they did not have the Rail Replacement money yet,
An unreinforced masonry building, once we are out of, well be transferring to the General Services agency, they will then be seismiccally retrofitting for the animal care and control. The other part of this is the expansion for our muni metro east, our newer of our two rail yards. Put the first light rail in service last year, we should have 24 cars here by this summer, and in order to accommodate those cars, as well as the additional 44 that are coming as part of a contract that you have approved, all of which would be here in the next few years, we need the physical space to fit them all so we can house and maintain them. Other main areas of transit have to do with major corridors, better Market Street project, in you are fairly well familiar with. I think youve had recent briefings from transportation authority. Significant part of funding for the project is coming from this bond, and as you know, we made some Good Progress on better Market Street, hoping to be done with preliminary
To foreclosure and acquisition of the property. None of the changes that you are looking at now or the changes in the earlier version of the Second Amendment alter, would change the lease payments, the term of the lease or the levels of affordability for the project. So we ask to forward with positive recommendation and joined by my colleague, jackie zoe, the city attorney, and from mission housing, in case the members have any questions. Thank you. Supervisor yee in regards to the amendments you are asking for, in terms of the language, is this pretty standard language . Ill ask maybe our jackie, jackie from our office to talk to the amendments and the ground lease. But we are not actually making any amendments to the resolution. The supporting files, the Second Amendment to the ground lease is where we have made some changes based on the most recent negotiations with the lender. Jackie, can i ask you to speak to the supervisors question to the ground lease changes . Good evening, so,