In the city and county department will also embrace this. So thankfully the balboa reservoir project heard us loud and clear from the Community Members and will be a reflection of the desire to retain, attract and nurture the next generation of san franciscans. The project will have two and three bedroom units and other amenities including open space play areas a child care facility and indoor and outdoor common areas for events. Overall i believe the project is thoughtful and includes many of the elements and that the community is able to see if two acre park that will be central to the project and pedestrian walkways and bike lanes connecting the neighborhoods to ocean avenue corridor. Complimentary design to reflect the existing neighborhoods and to promote existing businesses and with the commercial district and we are work on fine details of the neighborhood and Community Stakeholders to improve the project further and to have clarity. And the Transportation Management plans and management of the open space. This will be discussed in the budget and finance on wednesday and with regard to the special use and there is concern about the maximum height for the tallest building and the original parameters set at the maximum height of 65 feet and the possibility of going to 78 feet with additional height allowance from the other rooftop and with the closest to a high school and find out different opinions and highings and sections. And we dont have the exact amendments today as we are still revealing what we will have. And we will have them by the time we go to the full board. With that, colleagues, i want to extend my gratitude to the hundreds of hours comment members have spent to design this project. The staff at the office of economic work force development, the Planning Department and the City Attorneys team for all the work they have put into this. I hope that i can count on your support and hand it off to chair peskin to call up the presenters at this point. Thank you, president yee and with that, wee dont we turn this over, i think, to the office of economic and workforce development. And there are a number of individuals and i believe from city planning so we will start with you, lee. Yes. Thank you, chair peskin. Thank you for that introduction, president yee. Good evening, supervisors. I am leah and i am with the office of economic and workforce development. And we have staff cable from the Mayors Office of housing and sfmua to develop and answer questions. And to Bridge Housing and avalon bay is also present. I have a presentation that i will take you through. Please stop me if you can not see the slides. In todays community, we will be hearing two items from the balboa. Can you give me a sense of how long this presentation is . I am not in any way trying to truncate or compress, but i just i have to go get some food in the next room. It is about i would say 8 or 10 minutes in total. Perfect i will be back in about a minute and a half and the speaker is on and i will hear you from 15 feet away. Sound good. Thank you, chair peskin. In todays committee you will be hearing two items from the balboa package, the general plan amendment and the map amendment ordinance. Two items will be before the board and the project today is the proposed development of balboa reservoir. The site is owned through the city through the sfpuc and is in front of ocean avenue at the intersection of a number of residential neighborhoods including sunnyside, engleside and City College Main Campus is directly to the east and the balboa park bike station is about a half mile walk. There are a number of bus lines and lite right running nearby. Balboa reservoir site was the first identified through the public land. Policies and past proposition k and the Surplus Property ordinance. The si city to convey and redoppler an understood utilized site with housing that could be heavily affordable. In particular the balboa reservoir project will bring new housing to the site and provide new family of all incomes the opportunity to live in the transit and amenity rich neighborhood. The reservoir is currently 1 spaces and a portion of which is leased to city college as overflow space. It implements keys a peck of the citywide equity approach in a transit richard among longstanding with Great Schools and driving business corridor. And it allows you to go to a neighborhood that is not a community of concern and on a site with no displacement of housing or businesses. And enables the provision of the high level of for a wide range of households. This project is unique in that the package of community benefits, namely the 50 Affordable Housing, originated with the community process. As supervisor yee mentioned in 2015, he and which has held over 50 meetings and has been the key forum for Ongoing Community feedback and have continued to be active during covid. The p. U. C. In 2017 created the development, principles and parameters document attached to the developer r. F. P. The parameters outlined the Key Community priorities for the site and whether it be 15 affordable, that the new housing was geared to families at a ang and that it was created to form a new neighborhood among other topic. They collected the Developer Team, Reservoir Community partners and joint second which you are of Bridge Housing and avalon bay community. The Developer Team has worked in concert to shape the communitys priorities into a successful project. The proposed project builds 1100 new homes across the range of building types both for renters and homeowners. 550 units or 50 will be affordable at a range of incomes. This approach creates broad opportunity for diversity of new residents. The new neighborhoods mixes thoughtfully into the surrounding community and supports children and families with large usable open spaces with play areas and 100 seat Child Care Center a Public Community room, a new connection to city, college, and ocean avenue. To contribute to the nearby open transit improvements. The project key benefit is 550 units of Affordable Housing on site. The housing will be available for households earning between 30 and 120 of a. M. I. Meaning for house holds who work in health care, the service industry, education, public safety, and all of the people that complete a neighborhood. The units are family sized. 150 of the units will be designated for affordable educator housing, among the first in the city. The affordable educator building will have a first preference for city college which will allow the college to attract and retain diverse faculty and staff. The developer is obligated to contribute gap funding for 43 of Affordable Housing and will contribute gap funding to reach 50 affordability. And it is expected that the city funding will be al activated to affordable buildings e, a, and b for low income house holds and the sources of city Gap Financing will be identified and appropriated by the board closer to construction start to make feasible 5050 units and and turn it to the colleagues and to continue the presentation, i turn to my colleague. Good evening, supervisors. One of the concerns that we heard expressed from the new project is how residents would get to the site. The community was concerned with increased traffic congestion, Pedestrian Access and the loss of parking. We have worked with colleagues at m. T. A. , city college and the sponsor to develop a comprehensive response to these concerns. First, with city college, we work to develop a transportation Land Management program and proposed improvements on the north side and to advance the q line quick build project to improve access and the intersection approval to ocean avenue. And lastly we work with the sponsor to contribute about 10 million in train station sustainability fees and mitigation measures and provide a Public Parking garage. Next. We wanted to reiterate the Family Features as outlined by supervisor yee. This product is centered on creating a neighborhood for families and all address the needs of families. The housing there have 30 two bedroom and 10 three bedrooms including town homes and living alleys and indoor space in the multifamily buildings for gathering and birthday parties and initial space in the garage for oversize cargo bikes and bikes with child seats to encourage biking and waub walking to insure these are safe modes of travel. And another was the child care facility at 50 of those 100 feet to be reserved for low income families. As outlined in the c. A. C. Principles and parameters, the design site was intended to insure that the surrounding context and scale of the neighborhoods is respected. The developer is lower and increases in height as the site slopes up to meet the Institutional Uses of city college. Next. Supervisors, before you today, there are planning code and map amendments from p and public zoning to a special use district. And to reck late the height in bulk and open space and the guidelines and documents and to be used for minor and major modifications. And to discuss the detail of the buildings and the open space. Next. Also before you today are the general plan amendment. The amendments to the general plan are in keeping with the existing general plan and update it to reflect the specifics of the project. And note that the project is generally consistent and the balboa park stationary plant calls for a mixed use development. There are changes to introductory text and there are changes to some maps in the general plan. And finally we want to outline the stages of construction. You will see here in purple phase one is anticipated to begin in late 2021 and phase two in yellow is anticipated to begin in 2025. And the project received unanimous approval at the Planning Commission, the m. T. A. And the sfpuc and today the land use and the general plan amendments and on wednesday the Budget Committee is scheduled to hear the Development Agreement and the sfpuc purchase and sale agreement. Staff are here to answer any questions you may have. Thank you. I guess who is the vice chair . I am back. So mr. President , supervisor preston, should we open this up to Public Comment . Mr. Chair, we have an Economic Impact report first. We do. Okay. Lets get the Economic Impact report. Good afternoon, supervisors. Can you hear me . Yes, we can. Okay. Good evening. This is at the Controllers Office for Economic Analysis and the balboa project released on friday. And some of the key details of the project and some of the key items in our report. About 15 points and does not contain any permanent structures right now. And 1,007 parking spaces. And the main goal of the project is the underutilized reports and as supervisor yee mentioned, identified among the first slide slated for the San FranciscoPublic Housing awareness. And despite existing zoning and which is public and most of us are on the project side and existing and except for the small force which is 2. 2 acres on the eastern portion which has 65 height limit. And depending on that block and to go to seven stories. And 1. 8 million square feet. And the majority of the use and about 1. 3 million and to propose 1100 units and for public use and 7500 square foot of neighborhood with retail. And as mentioned and in several spaces. 50 of the units will be affordable and as speakers mention and approximately two acres of a reservoir park. This slide will show you the development o. Buildout and there is nothing on the site and no boundary structure. We need to see your slide. Share your screen. It is not showing . Hold on. We dont see your slide. You dont see my slides. Hold on. I apologize. I thought i shared them. Let me try one more time. I apologize for that. Can you see it now . No. We will pull it up for you. Can you let us know what slide number you are on . Slide six right now. Okay. We will pull it up. I apologize. I dont know why i am having the technical issue. I thought you guys were seeing it. You can see now . Yes. So my apologies and as i was mentioning as a difference in the Development Capacity at buildout, the total will be 1. 3 million square feet of space. Which is mostly residential. I am not in 1. 3 million square feet and roughly about 400,000 square foot. And next slide please. And i will go with the key economic factors and the proposed development. And from the prices in terms of the city and there will be a modest increase about 30 jobs in labor and child care based on the size of the proposed development. And an increase in the number of subsidized development and modern system household with high housing burden and high income household in the city. And 550 additional affordable units by as much as 3. 8 million for the household to occupy the units. This is roughly 6900 subsidies from the units on an annual basis. Next slide please. These are some of the simulations and propose zoning and the development of the agreement and with that area and go down 5. 4 and from the values and with the size of the development. Yes please . Do you want to go back to the last side where there is a note at the bottom with regard to the overestimate. Yes please. And may be 3. 8 million and what we are estimating and based on the subsidy and the housing bound and modern and the income and with the project and 20 a. M. I. And as we know about 36 of the housing affordable units will be low income unit and 30 of the affordable units will be low income units and will occupy between 50 percent of a. M. I. And the remaining 30 now. And the reason i put that note there was to to consider the subsidy a little bit and every estimate and the upper limit. And to take into account with the a. M. I. And that subsidy may be lower. That was the point that i hope to answer your question. Thank you. Do you have any modelling as to how much lower . At this point i cant comment on that and that involves land and go to all the units and how they will be distributed. I dont have that distribution and i cant estimate that. In terms of the modelling that subsidy wouldnt change the Economic Impact as easily. That is not one of the biggest factors to drive that simulation. With the please advance two slides forward. Result of the random simulation with the employment population and the g. D. P. And the annual change is 556 jobs. And you would expect from the goal of the project. And the population change is 892 people. And that impact is 100 million and housing prices will change 4. 5 . That is what we are around roughly 1. 4 million house and average house. With about 6,000 to put this in perspective. Next slide. I guess that next slide. And this is basically the project has quite a bit of positive impact on the local economy and add parking and jobs and to the local g. D. P. That concludes my presentation. I am happy to answer any questions. Thank you. Member preston or president yee, do you have any questions for mr. Kahn . I just want to see you clarify when you say retail space which is a little space. We assume based on maybe i apologize. Based on my understanding of the draft of the Development Agreement, there was 10,000 square feet retail space was mentioned. we wouldnt have any retail. So we could support businesses. We need some clarification on that. yes i mean, that was my understanding, that was part of the. the Economic Impact was minute mouse. Its an economic land use matter ill refer to the district supervisor. In reality that is a handful of spaces at the most. If the instrumentsthe range of instruments before us, mr. President what is your will. it was just for clarification. I didnt think it would have that much impact in terms of economic a sisment. thats not a huge impact. Its a very small space, you know. That was mentioned, it may or may not be benefit. It wont change anything. thank you. okay. Seeing no more questions. Mr. President , do you mind if we open this up to Public Comment or do you have any additional things you would like to say . Seeing none. Why dont we open this up to Public Comment for items seven and eight. thank you. mr. Chair, im try to go see if theres any callers in queue. there are certain items for this committee relative to the land use and other items that are in agreement for the budget and finance board of supervisors. I do have some suggestions relative to the Development Agreement particularly as it relates to making sure that where this happened in other large scale developments such as this, that we know these exist, the levels of affordability at least not in a downward way. I do believe the developer is willing to stimulate in the Development Agreement that they will not come back and retrade to lower levels of affordability in the case of treasure island, as happened in the case of ship yard as it relates to ownership and mix, that will be coming in the Development Agreement. That is not before this committee. Im also interested in what we cloacolloquially refer to as ust or lose it. Thats not before us today. I just want to say that before we open it up to Public Comment. First speaker, please. thank you. We have thirty eight listeners and twenty in queue. pleas