And have made the recommended changes with the Committee Last month. The Committee Also voted to forward this to the board for their approval, so were asking the board for their approval to the amended document. Based on the clerk composition committees recommendation, and weve spend exhaustive time reviewing the guidelines. I would like to move the item. Theres a motion. Is there a second . Second. Why dont we call for Public Comment. Are there any members of the public that would like to address the commission on item 19 . Seeing none, we will close Public Comment. Commissioner driscoll . Just a comment that yes, the committee did spend time on this, but the majority of work was done by the manager. Yes. Also, the attorney of the City Attorneys staff helped, and im sure mr. Huish was looking over their shoulders at all times. Yes, and they also had outside counsel. And can i say, a majority of the recommended changes were over seen by city of moi, who is a member of my team. Okay. Any discussion . There was a motion, there was a second, can we take this item without objection . Great. Item number 19 passes. Can we just move onto 20 or do you want to move . We need item 15, which is the review of van berkom issue. Do you want to put 20 and 21 together or do you want to push them to another meeting. Whatever your pleasure, mr. President. I feel like number 20 is the Investment Performance for the second half of the year. Theyve prepared a quick one, greg can do a quick summary for you, if youd like, or we can also hold it. Its entirely up to you. We can accept it. We can accept it as submitted. Why dont we call items number 20 and 21 together, please. Yeah. Okay. Unless there was something you wanted to point out. No. Its a very good result. Yeah. Across the board. So were calling items 20 and 21 together. We will take the Investment Performance for the second half as submitted, and for the deferred compensation manager report, is there anything youd like to highlight for the board. Nothing that hasnt already been communicated. Okay. Great. Why dont with you open e open Public Comment. Are there any members of the public that would like to address the commission on items 20 and 21. Seeing none, well close Public Comment on items 20 and 21. Thank you very much for your presentations. Now, do you want to go to 15 . Great. Mr. Chair, while youre assembling, i think greg will be moving onto a new assignment from cal and so i wanted to acknowledge and thank him for his support in working on this sfers account. I know hes getting promoted, but hes off the account . Are you being promoted . Yeah, but im not off your account. But youre getting promoted. I have to acknowledge that. Thank you for all of your hard work. Also, paramet wick was delighted to come see us today. Theyre from minneapolis. A long way. Item number 15, please, mr. Secretary. Okay. Folks you have a copy of the vba guidelines in front of you. [ inaudible ] if you have any questions on the guidelines, were here, and we can address them. Weve had vba before as a b sub manager, basically. This was approved at another meeting. So basically. [ inaudible ] just going where were going direct. These guidelines. Approve guidelines for any of the managers [ inaudible ] hired. This is something that has to be adopted. Yeah. Just a direct relationship. Questions, commissioner driscoll . I think we approved that, 200 million. Where will the funds come for that . Theres a little over 60 million from bibian, and then well take the rest from the u. S. Investment small growth value. That leaves bibian with 16. Were taking bibian to zero. So where . To what . To zero. Zero . Zero . Thats the plan. Yes. Thats been approved, or are you doing it you dont have to ask us for that one. I think staff has the authority to take money down from our managers. Okay. Great. Thank you. Okay. Are there anymore comments or questions on item 15 . Seeing none, did i already call for Public Comment. Any members of the public like to address the commission on this item . Seeing none, well close Public Comment. Is there a motion . Motion. Is there a second . Second. Is there any discussion on item 15 . We take this item without objection . Yeah, please. Does that mean were still employing bibian in our portfolio to make collections for us. Not calendared, but yeah. Okay, but it hasnt been done yet, we havent voted on it, right . Its not within the growth of this yes. Its just the specific yes. And thats going to be another calendared item. I think thats going to be a separate calendar item. So well take item number 15 without objection . Okay. Seeing no objection, item number 5 passe15 passes. I think we only have a couple other items. We made up some lost ground. Item 16, please, mr. Secretary. [ inaudible ] very good, commissioners. Ill be three minutes. Another great month in january , up almost 2. 5 . It was driven by pretty much one asset club. Public asset was up for the month. The market was down about 10 , peak to trough. The market has recaptured more than half of that decline in the last three days. Fiscal date, at the end of january , we were up 10. 5 on the year. As of yesterday, were still up about 8 on a fiscal year basis. We do have a couple of things, hows keepi housekeeping things that we have to go through just thin terms of requirement. On page 3, ventures, we asked for and were granted approval for two strategies totaling 75 billion. We actually got a total of 45 billion between the two. Broad river, which is a private creditor strategy. We asked for 50 million, and we got 50 million. Orby, we asked for 50 million, and we did get all of that, so i was plaechbly surprised by that. Patrium, 50 million in a buyout strategy, and we got all 50 million. In this safari strategy, the absolutely return strategy, we asked for 100 million to perceptive. We actually got 75 million. Sycamore, which you recall is a consumer buyout strategy, we asked for 75 million, and we got 50 million. You see the returns on item item number nine for absolute return and inception to date, were running at 8 annualized. I do want to introduce if hes still here, is alistair. Hes joining us from came brbr, so we have one liability on our books from cambridge, and an asset for ourselves. Welcome to San Francisco, and hes assisting han on the public strategy. We do have three open recruitments right now, one for a senior Portfolio Manager for private equity. We actually have good news on that. Somebody has accepted our offer of recruitment. I dont think i have a start date. I think this was just accepted yesterday, so well be announcing that here shortly. Did you bring him from hong kong . He is coming from asia. So can i just [ inaudible ] there was a manager we approved. It was kind of a focused [ inaudible ] but was that an individual owned the firm himself . Yeah, same one. What was the name of that again. Perceptive, founder, joe edelman. Yeah. And we have gun recruitment for a director of social responsibility investing as well. Weve already talked to three people, i believe on that. We do have an Investment Committee meeting on march 21st, its a big agenda item, talking about the Strategic Plan for the portfolio as a whole, including presentations by each asset class head, so the whole pretty much the whole staff will be on stage. With that, ill turn it over to the board. Can i ask for next months report. Can you get us a daily analysis of narcotic returns as compared to our absolute return portfolio so we can see how that responded . Oh, certainly, for february. You want to see how it performed daily or just ago regate. No id like to see it one by fun, just out of curiousity. Is that too hard . Well, its a portfolio. Okay. You dont see each fund on its own. Well, we dont think of it as a portfolio. I know. I know. Im just curious to see how they performed during that week. Okay. Just to see if anything was really not what we thought it would be or understood the volatility a little more. Okay. I think that issues a really interesting moment in time for us to understand what that portfolio did when the market went down. Thank you. Other questions, comments from the board . Seeing none, well open it to Public Comment. Is there anyone from the public whod like to address the commission . Mr. Furland . [ inaudible ] 30 seconds. [ inaudible ] time. Thank you, mr. Furland. Are there any members of the public that would like to address the commission . Seeing none, we will close Public Comment. Why dont we go to item number 22, and why dont we take item 22 as submitted, and well call for Public Comment. Seeing none, we will close Public Comment on item number 22. Discussion only item, and where would you like to go from here . Executive directors report, item 28 . The only thing id like to highlight is to remind you that form 700 season is here. I provided you the link to file online. If most of you recall, you need to file online as commissioners, and youre able to. If youve forgotten your password, theres a way for you to reset your password, but the deadline is monday, april 2nd, for all of you to have filed your form 700. Just as an aside, we provided a copy of the senate bill, and we had a discussion with the City Attorney, and its the City Attorneys opinion that should this become law, we are exempt. San francisco employees retirement system is exempt from the coverage of this this this bill, but well watch it and continue to track it because it is a trend, obviously, that we automatically keep track of here in california as to whats going to be impacting us as well as other plan. And that change as it applies to existing retirees, thats the intent . It would be for any any cost of living adjustment that would become payable after january 2019. It would forbid a public plan from paying that adjustment unless they were at least 80 funded. I mean were 89 funded, according to the formula, so we would still be paying, but what theyre saying is you must be at least 80 you cant have unfunded liability of greater than 20 , so really, theyre saying 80 funded. Going forward, any kbraer that youre below 80 funded, even though they were promises or payable, that it would prevent you from a public plan from paying those. Sounds very similar to another recent proposition that was in the courts. Yeah. Okay. All right. Anything else . No. All right. Thank you very much. Why dont we call for Public Comment. Seeing none, we will close Public Comment. That was item 28. Do we really only have items 29 and 30 . Yes. Okay. Item number 29, does anyone have anything for good of the order . Okay. Public comment on item number 29. Seeing none, well close Public Comment. Item 30, board member reports and comments, why dont we take those as submitted. Public comment . Seeing none, we will close Public Comment on item 30. Can i just adjourn the meeting in. Ill make a motion. Meeting adjourned, thank you. Welcome to the San Francisco board of supervisors meeting for tuesday, february 13, 2017. Madame clerk, please call the roll. Thank you, madame president. [roll call] supervisor safai present. President breed . Here. Supervisor cohen . Present. Supervisor fewer . Present. Supervisor kim . Present. Supervisor peskin . Present. Supervisor ronen . Present. Supervisor sheehy . Present. Supervisor stephanie . Present. Supervisor tang . Present. Supervisor yee . Present. Madame president , all members are present. President breed please join us in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, to the republic for which it stands, one nation under god, indivisiblindivisibl and justice for all. Any communications . None to report. President breed colleagues, today were approving the minutes from january 29, 2018. Are there amendments to those minutes . Seeing none, motion to approve . Moved by supervisor tang. Seconded by supervisor yee. Can we take that without observation . Those minute meetings approved after Public Comment. Madame clerk please call the first item. The first item is the special order at 2 p. M. , the appearance by the honorable mayor mark farrell, there being no questions submitted by the districts, the mayor may address the board for up to five minutes. President breed the floor is yours. Good afternoon, i appreciate the opportunity to address the first question time as mayor. For seven years, i served in this chamber as supervisor, proudly representing the residents of district 2, while i have been sad to walk away with those duties, i do it with full faith knowing district 2 is in great hands with the new supervisor, catherine stephanie. I look forward to working with you on district 2 and the city. I want to say for our former colleagues that supported me in the vote, i am honored by your support and the trust you placed in me. And for the supervisors who didnt support that vote, i understand very much and respect that decision. And please know that regardless of how anyone voted on that day, im looking forward to working with each and every one of you to address the issues of the city over the next half year. Were all acutely aware of the Public Safety and homeless issues facing the city of San Francisco, these are issues i focused on as supervisor and will focus on as mayor. Were confronted with the scenes of drug addiction, Mental Health challenges and homelessness near feet from where you conduct business here in city hall. When tourists visit, they return to a car that has been burglarized. We cant have this as the new norm. Not running for office is a unique opportunity. We dont have to conduct business as usual because the Mayors Office is not campaigning and we can do what is needed and what is right and what should happen and you have my commitment to do so. In terms of priorities to focus on, first and foremost are the conditions on the street. Now is the time to double down on measures that are successful and have been proven to work in the city, such as the homeward bound program. We increased the budget and i will continue to do this year. The people who took part, have been reconnected families. There are elements of controversy with the plan, but you cant argue with a measure that reunites people with their loved ones and keeps people housed over a year later. Im working to prevent homelessness in programs, provided resources that prevent people from becoming homeless to begin with. We know when a person is left without home or shelter, a whole new set of problems have to be dealt with. Weve created 700,000 Supportive Housing units, which is more capita than any other u. S. City, but weve not seen a reduction in the homeless population. Im confident we can reduce the number of people on the streets, as we double homeward bound and other initiatives. Second of all is the issue of property crimes. While were going to work to address homelessness, i am committed to reduce property crimes that are plaguing every neighborhood that we serve. As i said before, car breakins should not be the price to pay to live or work in San Francisco. Assuming office a few weeks ago, ive had numerous conversations with police chief bill scott. Ive been encouraged. Ive asked him to conduct a staffing analysis as to the true needs of the officers on the streets. And other city agencies. The men and women of the San FranciscoPolice Department are the finest Police Officers in the country, but we need more of them. We should not be hemmed in the archaic officercharter commitment. Its a false summit. And its not representative of the everchanging city. These are major commitments and i know i have a limited time to accomplish the goals, but theyre what is right for the city of San Francisco and i promise to work to see them through. I hope everyone will join me in those efforts and i look forward to working together. Thank you, everyone. President breed returning to our agenda. Madame clerk. Items 1 through 11, consent. These items are considered to be routine unless a member objects, an item may be removed and considered separately. President breed madame clerk, call the roll. On items 1 through 11. Safai aye. Sheehy aye. Stefani aye. Tang aye. Yee aye. Breed aye. Cohen aye. Fewer aye. Kim aye. Peskin aye. Ronen aye. There are 11 ayes. Those items are adopted unanimously. Next item, please. Item 12, ordinance to create Second Street from bryant street and see ceqa. Item 13 is Charter Amendment third draft to amend the chart other of the city and county of San Francisco to issue Revenue Bonds for Power Facilities when approved by ordinance when receiving twothirds vote and clarify the scope of the commissions Bond Authority with regard to the citys water and clean Water Utilities and election to be held june 5, 2018. President breed supervisor peskin . Supervisor peskin i want to thank my cosponsors on that Charter Amendment. Supervisors tang and safai, as well as the general manager of the Public Utility Commission and his staff for this long overdue change to public policy. For those of you who do not know, in 2002, the board of supervisors passed very similar legislation to allow the Public Utilities