They get a 90,000 equity jump start for permits transferrable, and they can get 240,000 for it after paying 150. So, they have something most of them are going to want to build equity. The second thing which is more subtle is once they have the medallion, theyll typically give about 2200 in lease income from having the permit, pay 800 towards the loan, 400 in income tax. That gives them 1,000 income increase as a quality of life improvement. And it is such a major thing to these people, 55 years old and typically have families. I think that you look at the revenue you get, 1,000, like myself, prop k medallion and the [speaker not understood] together, when you have us surrender the permits and sell them for 100,000 profit, that generates 100 million. Youre also leasing medallions to color schemes now. You get fees. If you look at what im proposing, 300 medallions at 150,000, thats 45 million. Typically theyll retransfer in 10 years. 60,000 is going to be another 18 million. So a person
These people, 55 years old and typically have families. I think that you look at the revenue you get, 1,000, like myself, prop k medallion and the [speaker not understood] together, when you have us surrender the permits and sell them for 100,000 profit, that generates 100 million. Youre also leasing medallions to color schemes now. You get fees. If you look at what im proposing, 300 medallions at 150,000, thats 45 million. Typically theyll retransfer in 10 years. 60,000 is going to be another 18 million. So a personal level five years from now youll be with your lives and your careers and vocations. The families of the extra 150 people im advocating for, their real financial future depends on you and youre in a position not to forego the good faith and investment in your workers. These people, its not their fault prop k turned toxic. Rifkin when he watches the tape, create a lot of good will. Can i ask carl a question . Sure. Carl, do you mind . Sure. I listened very closely to everyt
2013 meeting of the San Francisco Municipal Transportation Agency board of directors and Parking Authority commission. Please read the roll. Director byrningman. Present. Director heinicke is anticipated. Director lee. Lee present. Director nolan. Present. Director rbi keis present. Mr. Chairman, directors you have a quorum. Announce of prohibition of sound producing devices during meeting and please be advised ringing of these Electronic Devices are prohibited at meeting and anyone responsible for one going off during the meeting will be removed during the meeting. [ laughter ] that would be the point. Case in point. Thank you for illustrating that. Cell phones set on vibrate cause microphone interference and the board respectfully requests that they are in the offposition. Item no. 4, approval of the minutes of the november 19th. Motion, second. All those in favor, signify by saying aye . Aye. Thank you item 5 communications. Members of the board, on next monday december 9 the mta bo
Awe how awe how. Thank you sirens syringes so this includes the 19th unanimous American Heritage celebration. The food is blessed i believe we have a different voun next year so everything enjoy congratulations awe how, awe 2013 meeting of the San Francisco Municipal Transportation Agency board of directors and Parking Authority commission. Please read the roll. Director byrningman. Present. Director heinicke is anticipated. Director lee. Lee present. Director nolan. Present. Director rbi keis present. Mr. Chairman, directors you have a quorum. Announce of prohibition of sound producing devices during meeting and please be advised ringing of these Electronic Devices are prohibited at meeting and anyone responsible for one going off during the meeting will be removed during the meeting. [ laughter ] that would be the point. Case in point. Thank you for illustrating that. Cell phones set on vibrate cause microphone interference and the board respectfully requests that they are in the off
Concur with what supervisor wiener said about outreach. There is a lack of political ware the board may speak to the mta and say this is what we think is whats right and on the other side theres some loud voices who are not particularly informed and our organization has tried to increase the outreach and also try to supplement the education of the public so they understand what the facts are and really wed like to sxand wed like to see everybody talking to each other in terms of the people in power and saying yes we stand together and we know this is the way the economic and vital future of the city has to go and i can say although they seem to magnify, actually the voices in opposition are more often than not a very small presence or omni present very often. Thank you very much. Any other member of the public who would like to comment . And seeing none well close Public Comment and can we take this and now we will go onto the item from our Personnel Committee. If you can call this ite