February 4, 2020 at 1 00 p. M. At city hall, room 416. Item b, announcement of prohibition of cell phones during the meeting. Please be advise ed this is prohibited at this meeting. Please be advised the chair may order the removal from the meeting room for any persons responsible for the use of a cell phone, pager or other similar soundproducing device. Time allotment of public devices, theres up to three minutes on each item, unless they adopt a shorter addendum. If you wish to addressright thrs and there are no reportable actions and the next order of business is item 4, matters of unfinished business, no matters of unfinished business. Item 5, matters of new business consisting of consent and regular agenda. First the consent agenda, 5a, approval of minutes from regular meeting of november 19th and december 1 17, 2019 2019. Any speakerrer cards . No. Hearing and seeing none, i will close Public Comment and turn to my fellow commissioner for comments or motions. No comments. I move approval of the minutes for november 19th and december. I second that. So moved by vice chair roalis and seconded by commissioner scott. role call. Mr. Chair the vote is four ayes. Please call the next item. The next is the regular agenda, 5b, workshop of the recognised obligation payment schedule for july 1st, 2020 to june 30, 2021, 2021, discussion . Madam director in. The item before you is informational pursuant to the solution law. Were required to submit a payment schedule to the department of finance on february 1. As such, were required to also we have volunteerly done a workshop for the Board Committee last week and we feel its ideal to do an informational item for the commission, be understanding this is the first of many phases and that we will come through the commission, as well, when we put our budget together pursuant to the citys budgeting process. As a part of the hearing you would be presenting on this item bitem, this would be and public setting so the public can hear what the budget will look like because its going to be extensive review and this is always the higher limit and then, as we work through our budget, which is due to the board, i believe, for the control and the mayor to submit to the board on june 1, may 1, may 1 department because some departments are may 1 and some june 1, you would have an opportunity. So any feedback, well take that into consideration and work through the commission. With that, ill turn it over. Thank you, director. Good afternoon, commissioners. Again, im the financial reporter management analysis for ocii and i am here to present the workshop on the recognised obligation payment schedule for 2021 and ill provide an overview and discuss details of the administrative portion and our project managers will discuss their work plans and their portions throughout the presentation and well take questions at the end. As you might recall, there are five funding rosters. We have reserved funds including prior year, property tax cement foincrement use and theres gras and other Funding Sources and not captured in the four other Funding Sources and we have our Redevelopment Property Tax Trust Fund or rptf, nonadmin and one set by formula. So our total request for 2021 is 422. 2 million. This table shows a breakdown amongst our feature Funding Sources and rbtt admin is the largest followedle by bond at 84. 9. So this table shows a year over Year Comparison to our current year to our requested 2021. Wewere requesting a decrease of 23 million and this is on project areas followed by the reduck hireduction in our pledgr housing. So within our pttf adm nix, we have a housing pledge which is 20 of the gross increment of the past history of taxing entities and in the prior year we requested the fully pledged amount for the nonadmi housing and placed it to spend in future years. In this year, because our 2021 projects are fully funded, were not requesting the pledged amount and no negative impacts because again, our 2021 programme is fully funded. At a high level, you can see the distribution of funds across sources remains consistent with the current year with the majority coming from rbttf nonadmin and proceeds. So this table shows our 422. 2 million request by use type. The majority of the funds are spent on debt service and Affordable Housing and well going into each in greater detail throughout the presentation. So here we have a year over Year Comparison t and a decrease of 23. 6 million, primarily due to the decrease in Affordable Housing. Some other changes are the debt service. We have expected 6. 6 decrease and increase in operating costs and this is largely driven by our Retiree Health and pension cost and increase in cola. This table pulls out the rpttf portion of the request by use type and the total portion is 189. 8 million and the majority of which will be spent on debt service and admission bay. This table provides a comparisof year over comparison to the 1920 and were requesting a decrease of 14. 3 million and due to the reduction of the pledge for housing and the plan decrease in our debt service schedule. With that, i turn it over to the project managers to discuss their portions. Good afternoon. My name is annie wong and today ill be giving a brief overview were requesting for the Housing Programme in the year 2021. Were requesting just shy of 100 million and the majority is going towards 90 million in gap loans. The primary first a fund at 95. 3 million and the rest will come in other funds such as developer fees and nonadmin rtpff. The Funding Authority requested will go to support oci standalone supportable housing projects with the majority going towards Hunters Point shipyard at 56. 3 million and mission bay at 46. 4 million to help fund predevelopment and gap loans in each of the project areas. The remaining funds will be used towards predevelopment funding for two projects in transbay. Here is a breakdown of the individual housing projects by robbs2021. The largest are the shi shipyars which is 112 units rental project and 3 38. 9, block nine,a 141 unit affordable rental project for homeless adults in the mission bay neighborhood. Additional funds is 3pointa 3. G for the shipyard and then 1. 6 million in ongoing predevelopment loans for Candlestick Point north, block 10a, 3. 5 million for cellblock 9a and 4 million for Mission Block 12 west and 3. 5 in redevelopments funds at blocks 2 east and 2 west and the rest will go to 1,218 units in robbs 2021. To put it another way, a breakdown of the number of units in each project area, 7 million in funding to support 250 units in development in transbay, the 46. 4 million in mission bay will go to support 454 units in development and 356 units will go to hunter Point Shipyard and the point project and i will turn it over to the mission bay team to go over their program for robbs 2021. Good afternoon, chair. I work on the mission bay team. This shows some active projects in mission bay and ociis base i bay front and soma hotel and ubers headquarters which are now finishing construction in various stages. So here is our table of forces and uses for mission bay for fiscal year 2021 through source type. The largest portion of funds goes towards infrastructure and payment towards an outstanding bond principle. There are also funds for professional Services Including consultant fees and projected legal and consulting fees to support ocii staff in executing an increase in entitlement of Affordable Housing units. Lastly, there are funds shown for the Mission Bay Art programme which follows the impact fee structure. The slide provides a sense of what the funds will be spent on in fiscal year 2021 and the Infrastructure Spending program is comprised of new parks and maintenance of existing parks and. Construction oconstruction of an public streets. The developer in mission bay will be working on bay front work, p22 across the street from the chase center, which should be finished before the end of this calendar year. As mentioned earlier, we plan to pay down the principle on one of our Community Facility district bonds for mission bay north. We will utilize Consultant Services in the past for reimbursements on infrastructure as well as an entitlement increase for housing for the remaining parcels in Mission Bay South and we will continue to carry out our public art program. That concludes the overview of mission bay and ill pass it to the transa team to speak about their budget. Good afternoon. Im ben brandon, the Transbay Development specialist and this is a schematic rendering of the transbay Redevelopment Area and this is what it would look like at full buildout and im pleased to report that much has come to fre fruition and conting underway. In the upcoming fiscal year were requesting 32. 4 million of activity in the transit project area and aside from the 24 million pledge amount, the bulk is for Infrastructure Development and excluding the tjpa pledge being covered by rptts dollars, the primary sources that were using, were requesting for bond proceeds and other funds which are comprised of parks and developer fees with a third source being rptts. And this slide is an overview of the work program for the fiscal year and the primary activities include completion of the fulsome street improvement project, advancing the development and design of the transbay park and underramp park projects and seeking approval projects for transbay block four which is a mixed use housing development. The details include that 27. 6 million in the Infrastructure Spending authority is being requested which would be used for 9 million for Construction Administration of the fulsome street improvement project, just over 13 million for design and engineering costs related to underramp park and transbay park and 5. 5 million for streetscape reimbursements required in the development agreements. Were requesting authority for nearly 1 million for professional Services Contracts with the balance going to the tjpa pledge and with that, ill turn it over to th the Hunters Point shipyard team. Thank you. Good afternoon, commissioners. Im here on behalf of the senior project manager who is out of the office today so i will do my best to represent her project as best as i can. So the beginning slide is the same image that youve seen through a number of recent approvals for this project. We have the Hunters Point shipyard phase one and phase 2slash candlestick project. And overall, the budget for 2021 is approximately 17 million. The primary source continues to be developer reimbursement through the other column and again, as we have been doing in recent years, the majority of the work revolves around the many different staff within the city and ocii who work to review permits, designs and other things to move these projects forward. And that detail can be seen on the next slide. The work program for the upcoming year includes helping lenar facilitate the completion of public parks, about seven public parks in shipyard, phase one, bringing designs for additional blocks in shipyard, phase one. As you are aware in the fall, the Commission Approved the resign of what was the candlestick retail site into the proposed mixeduse development and now we get into the detailed work of infrastructure, plans and permits and further design so there will be a lot of time working with city agencies to review those detailed proposals. The Community Benefits agreement will be implemented and youll be getting a more detailed update next month, i believe, at a commission workshop, but we will continue that work and, again, be involved as best we can with the ongoing work with the navy and Hunters Point shipyard, phase two. More detail breaks out the differences between things that are purely phase one and purely phase two and things that spread across both. Most of the infrastructure costs actually relate to occi and city staff and permits and we have additional, professional Services Costs that are more specifically targeting Financial Consulting services, Legal Services and other, asneeded Engineering Consulting services. The Community Benefits budget has 2. 4 million allocated over time and i think youve heard through the workshops and reports we work with the Legacy Foundation to program their Strategic Plan so we continue to do that work. And again, we have an ongoing relationship with the navy and that concludes the overview of huntersview and Candlestick Point. Good afternoon. Im the manager of the Development Services division at ocii. In 2021, the Asset Management portion of ocis work plan includes the management of ongoing obligations outside the three Major Development areas. So the Asset Management sources by uses that you see include 7. 8 million, those funds are the remaining balance of grant funds under the 2010 Grant Agreement for the mexican museums, tenant improvements at the 706 project. Thats the largest ke large exp. The authority in that regard is roll up into the operations lines of the ropps that was covered. And activities under that include continuing to dispose of property that the agency has or will have subject to completion of obligations in the major project areas. Ill hand it back to mina. Thank you. So we will spend 111. 9 million on our bond portfolio, largely to Pay Debt Service on our existing bonds and we have other debt payments including a 4. 5 million payment for the Hotel Occupancy tax refunding. We have 1. 8 for the low and moderate Income HousingFund Repayment and were spending 9. 6 on excess proceeds for the Ferry Landing terminal by the mission bay project area for which we received Oversight Board approval in september of 2018. So our operatorring budget is 23. 2 million, the majority funded by nonadmin, followed by other funds which are developer payments and rtpff admin. And our uses are spread among sasalaries and benefits and heah and pension. So 10. 2 of the 23. 2 million operating budget is spent on existing staff salaries and benefits and this covers 54 fte positions which is no change from the prior year including a cola approved by our commission and our mous and we have 6. 4 in nonlabor costs and 6. 5 in retiree obligations, including pension and Health Benefits for retirees and additional benefits towards crude pension and health liabilities. So of the 6. 4 in our nonlabor costs, the majority will be spent on work orders with the City Department partners. This is the largest portion, again, of the nonlabor budget and we have professional services, ibm software and insurance and Legal Services and this is general Legal Services, the Legal Services for our profits are embedded in the project budgets. Of that 3. 7 million of the work orders, the largest portion of 1. 5 is spent on the work order for Affordable Housing services. So again, the rptff admin is set by formula and the cost allowance of the docks distribution less the prior year admin and the table lays out that calculation and you can see the 2021 admin is 4. 5. The next table shows the changes in our roth lines and you can see were retiring a total of 17 lines. This largely reflects transfers of property and completion of projects and we have no new line requests in 2021. Just a reminder of where we are in the process, we presented this workshop to the Oversight Board last week. Were here before you presenting the workshop and well go back to the Oversight Board for their approval next monday and submit our robbs to the department of finance by february 1st. And that concludes our presentation. Thank you. Madam secretary, any speaker cards . No speaker cards, mr. Chair. Anybody here wishing to speak on this item . Seeing none and hearing none, ill close Public Comment and turn to my public commissioners for questions or comments. This is an auto action item so an opportunity to get comments out. A question, mina. Could you explain to me and define the rpttf . That was the only thing i could not figure out what that meant . So the rpttf, it stands for Redevelopment Property Tax Trust Fund and this is just our funding that comes from property tax increment in the v