>> present. >> commissioner bracket and bustos are absent. the next is item 2 announcements. the next meeting is circumstantial evidenceod tuesday may third, 2022 at 1 p.m. public comment procedures be advised if the members has up to 3 machines to make comment on each item unless there is i short are period. each comment period sky 415-665-0001. code 24855702962. press pound once and again to enter the call. prompted press star 3 to speak. when you dial star 3 you will hear, you have raised your hand to ask a question, speak until called on. when you hear your line has been unmuted this is your opportunity to provide comment you will have 3 minutes you will be placed on mute when you are finished. stay on the line and listen to the meeting and hangup. provide public comment on item on the agenda call the comment line ahead of time to arc how you to listen live and to prevent you from experiencing delays. todayy materials are available on our website at sfgov.org. the next order is item 3 report on actions establish as a previous closed session. there are no reportable actions. the next order is item 4, matters of unfinished business. there are no matters. the next is item 5. matters of new business consisting of regular agenda. >> thank you. why to comply with the state legislation and allow to yous hold a teleconference meeting i would like to call 5b occupant of exteriored make at this time first item on the agenda. police call item 5b. >> >> 5b authorizing the continuation of teleconference meetings and findings in support thereof underical cal gentleman code section five 4953e. discussion of action resolution number 10-2022. director morales? >> vice chair and members. you have before you a resolution you have acted on in previous meetings as you know, the brown act requires you mote in person. legislation adopted history year allows the commission to meet remote. those findings are described in the resolution. and they are the state of emergency still exists. and with that, local healing officials recommend measures of social distancing such as masking and contacts. both of these remain valid. and -- adoption of this will ensure you will meet remotely for the next mont. i conclude my presentation. >> thank you, morales, do we have members who wish to comment? >> we exceed to public comment i want to acknowledge that american bracket is on and she was not on the line. i will mark her present. and she is trying to log in. she can log it and remain on the phone and i will unmute her at that moment. why public comment at the time members who wish to provide comment on this item call 415-685-0001. 24855702962. pound sign twice. star 3 to speak. and on the phone when us and you would like to proroadway comment on this item press star 3 on your phone. >> there are no members of the public wish to comment on this item y. thank you. why hearing no request to speak i will close public comment. and i will turn it my fellow commissioners. may have i motion for 5b? madam chair i thgz the teleconference meetings and finding in support under the california government code 54943e resolution 102022. thank you. may i have i second? >> i will second this motion. >> thank you. the matter has been moved. call the roll. why commissioners announce your vote when i call your name. commissioner bracket. >> yes. >> commissioner. >> yes. >> commissioner scott. >> yes. >> rosales? >> yes. >> madam vice chair 4 aye's one abcents. >> thank you, the item is, proved. next item. >> the next is the con7 agenda 5 approval of minutes regular meeting march 15th 2022 >> any members this would like to comment on this item? >> if there are member who is wish to provide comment from march 15th call 415-655-0001. press pound twice and star 3 to submit. if you are on the phone and like to provide public comment press star 3 to submit your request. there are no members of public wishing it comment on the minutes. >> question. why no member of the public interested in commenting i will close public comment. do i have any of my fellow commissioner who is wish it, prove the minutes of march 15, 2022? >> madam chair, vice chair i move we approve the minutes for regular meeting of march 15, 2022. >> thank you, commissioner scott. may have i second? >> i will second that motion. thank you. moved and second. madam contact call the role. >> commissioner member item 5 arc. commissioner bracket. >> yes. >> commissioner. yes >> commissioner scott. >> yes >> rosales. >> yes. >> the vote is 4 aye's one absent. >> minutes for march 15, 2022 dapped >> please call the next item y. next item 5 b. a budget for the july first, 2022 through june 30, 2023 and authorizing the traz mittal of budget to the office and the board of supervisors. discussion and action resolution number 11-2022. director morales. >> a resolution buffer approve the budget for 2022-23. we have a thorough review of all of our enforceable obligation and it is budget associated with those. typically we would have had a workshop with the separate budget prove but we are combike the workshop and the to this meeting we can submit the budget to the marrow office in a timely basis. the budget be presented by hugh a budget and project finance manager. [inaudible]. >> innerim director. good afternoon commissioners voice chair rosales. i'm [inaudible] i will present the action on our budget with our project managers. next slide. >> a reminder of the budget process. our budget is based off obligation payment schedule. represented to you in the board in january. we submit third degree to the state on february first. and they reached the decision left friday. we incorporated feedback before you. pending prove we will submit the budget to the marrow office and the board. >> next slide. >> this shows our budget by our forces and call center and have affordable housing in our major project areas. our total 22-23 budget is 17.73 million with prior period authority and property tax and largest uses are trans bay and mission bay. >> so shoes our budget by our source. again prior period authority ppa is the largest source. this authority received i prior year carrying for the to the current year. second largest is property tax. >> our budget by our use. we organize our budget by direct spending and indirect spending and you can see the top 2 rows affordable and infrastructure other largest use type in the budget and a couple down operations less than 3% offer total budget. some explanation on the other use can have the to the tgpa is projects generated on the state owned parcels we collect. other is opinion 4 million dollars in the payments we receive for a public safety building and artist building and the ship yard. and 2.2 and community development and workforce the w we do to support contract compliance and community workforce development am in the areas. >> this provides detail on affordable housing program for the year. and all of them are affordable project matter will spoke to these. high level 5 new loans and 8 continuing loans 363.5 million. >> highlights 717.3 million budget about 151 million dollars more than the 21-22 budget this driven bia new bond planned for [inaudible] and our new affordable housing lone. operating costs are 2.6% of total of budget this consistent with prior years with staffing level at 55fte. and again we have 5 affordable housing loans and money bob. transbase 99.7 million and with that i will turn it over to mark who will talk about our mission bay project area. >> thank you. nina. good afternoon vice chair and the commission. director morales and i'm the project manager for mission bay. good over view of mission bay in this slide. >> budget and w plan for mission bay for the fiscal year there will be a lot of prushth reimbursement for w that occurred or will be occurring. this is the streets, parks, p3 and 2, twooshgs p 19 and storm water touch station that will total 73 million dollars. we will work on land and permits for additional parks tpp8. review of tenant improvement for commercial buildings under construction. and will be reemburgs urg city agencies for their involve am in the infrastructure deal for this category they will staff and operating expenses of 2 million dollars. and then other professional service which is min low other city agencies 3.9 million and be doing connect public park construction last mont. we came before you with the selective harvest. and that will be for 1.4 million dollars. >> the uses for our budget breaks out the infrastructure we discussed 32 opinion 6 million from bonds and the 30.4 prior year and property tax. staffing the majority. the source of funds from developers who reimburse us for time of a small portion from property tax. other professional service gwen that is -- other city agencies the developer reimbursement 700,000. bond proseedses 3.1 million and property tax 200,000. public art paid by developers and this will be 1.4 million. the total of 80.4 million. picture of the work plan the over vow of mission bay. the bottom right park p2 and 22 our bay front park and look to start construction next mont. in a mont owns the life science building which broke ground. and then the -- top left is p2 and 8 wrapping up design and construction and begin construction in the next fiscal year >> mission bay affordable housing, will present this slide. >> good afternoon will thanks, mark. good afternoon. i'm upon [inaudible] housing program manager. our fordable housing program in mission bay includes 2 existing loan one for south block 9, 141 unit serving homeless people of developed boy bridge housing in home rise and expected to be complete in the july. you see the rendering at the bottom left. second loan is mission bay kouth block 9 arc start nothing a few minutes and conditioning through 22-23. there will be more about this in an come coming item today it is on the bottom right >> 9a is the first homeownership project. 148 units and developed boy kirtis development. michael simons and young community developers. . the possibility of increase our entitlement to build additional housing. it public welissue an rfpf one and enter in i predevelopment loan the end of the fitsical year we have not finalized which blovenlg we are including both in the budget of that's it and i will turn it over to ben to tuck about trans bay. >> thank you. good afternoon. vice chair, americans and interim direct. i'm brandon trance bay project manager. i will walk you lieu fiscal trance bay work program and source by use. the image is of the transbay product area full build out in 2035. ocii made amazing progress in realizing mission. >> okay. so infrastructure development and planning proves represent bulk of our work in the coming fiscal year. moving forward block 3 and park project and preparing the former temporary transbay terminal for future development. 2 residential protects electrons bay box 2 and 4 a park at block 3. transbay block 2 will be affordable housing for seniors and families and trans4 will be a mixed incriminal high density. we be managing the activation of the form are terminal site and esexhill sight open space. staff will work on contract close out with infrastructure projects the folsom street and transbay block one housing development. another element is the pass through of the property tax proceeds to the trans bay power authority. the budget request to cover the work program is 144 million. to walk you through the use, the numbers here reflect an product is the primary use of our bond funds and that -- infrastructure is going to be the use of bond fund and other fees. it is misleading because we don't expect to extend within 05 million or 104.8 million. the large sum of those dollars is driven boy expectation to issue 2 new bonds in the coming fitsical year funning the construction of our 2 new park projects. which we anticipate occurring the beginning of fiscal 23-24. the largest true expenditure is going to the pass through or pledge. 37 million dollars the pledge is second degreeified by tax increment and sales pledge agreement, which commits ocii to transfer net tax increment and sales prosecute seeds from the parcels in the transbase project area to the transit center. consistent with this agreement, and fiscal 22-23ocii will transfer the pledge proceeds to funds the w on the tranceit center project and focus onness vag our block ly and park projects. next year the design documentation for both of them. our primary source covering the fiscal 22-23 transbay bond proceeds and property tax dollars. they are covering p and tgpa pledge. the 9 million dollars that you veal in other fund system comprised of trans bay park foes in the form of developer reimbursement. here are graphics of our project this wills be advancing the next fitsical year. top left of the screen, is the final design of the transbay block 3 park. will come soon for consideration. on the right side the future under ramp park project we are also work to finalize the design on currently. and the bottom left the layout of the innerim activation the form were transbay upon terminal site. that soit is under the activation. and we are working on the developments of blocks 2, 3 and 4. this wraps up my portion. i will turn it become over to elizabeth to provide the over view of the housing projects in the trans bay area. >> thank you, ben. why affordable housing program in transbay includes 2 new and 3 existing fordable housing loans. the 2 existing loerns are continued spending on predevelopment 2 east and west. 2 east is 172 unit development developed by mercy house and tw west a 150 unit senior affordable rental by china down community development center. the 3 new loerns include the permanent gap loans 2 east and west and we anticipate bring them for your approval the end of the fiscal year. and foible ly the permanent gap lones 202 stand alone affordable. large are block 4 develop this developed by hines and urbeen pacific and mercy housing. i will turn it over to loyola to talk about the ship yard and candle stick point. >> thanks. good afternoon. commissioners. and our director morales. i am hoar to present the ship yard phase one candle stick project. you have a large map that shows the expectancyiveness of the project and ship yard phase 2 you have what you know as hill top and hill side development. hill top has about 505 units complete exclude ship yard phase 2 on hold until they finish the modeiation efforts and further south the candle stick point alex griffith and many acres of future open space and further development. move to the next slide. go over the budget so the total budget is 16 penalty 3 million the bulk consists of development supportive service. plans, permit review phase one and phase 2 activities such as revealing permits. updating infrastructure plansor planning for kidnap changes and land uses. as well as implemth the acceptance of street scape. street scape in phase one and the staffing and pritting costs associated with this. the next category are the community benefit. benefit plans. but our first component of shipyard phase one and 2 development agreement and we are working with the cac special legacy foundation to extend the funds. so much come before the commission suchs homeownership grants. scholarships and hope to come in the next fiscal year to spends the remaining amount of money we have for various programs identified in the foundation plan. and we have the reimburse am for 2 of the developer for predevelopment costs. that is part of the dba and 1.1 million and payment opi made for properties losed boy the navy. so there are studios out there that are on navy property. the payments the lease payments go to the navy and they will be if [inaudible] the sfpd has the [inaudible] out there and [inaudible] the navy as well. and we have a grant from the development administration to do important life and safety improve ams to the building the artist studios. over on the shipyard and your in the process of completing the improvements to be done by end of theier that is the grant includes a 10% match. >> there we go. the primary source of funds are different everdifferent not that other 2 are developer reembest of your memorieses this work is predevelopment work the developer with the db, is responsible for reemburgs the line items you see. the other categories are previously stated from other source the grant consists of a portion of property tax. and the grant itself and we have the property tax that will be reembursd the developer and we also have dwerp opinions for workforce development and the revenue payments we received from sfpd and the artists to the navy. those are the source -- [inaudible]. for reimbursement and i have the further here to share of the project. so these are the open space. many of our [inaudible] out for the [inaudible] and not see the top half the hill top over the park. lawn grassed area. and a park with a play [inaudible] structure and [inaudible] the navy building that was built in the 40s and that's where the art bulk of the artists are in the studios where we do important life and safety improvements. now back to elizabeth for the affordable housing program for phase one and two. >> thank you. our affordable housing includes 3 existing loan the first remaining funds in the predevelopment loerns for twoft kanldel stick point projects block 10 and 11 arc on hold until they restart work in this your. >> includes continued spending on blocks in the shipyard phase one first block 54 and 52, 112 affordable rentals developed by the jarvis and rose company in multipurpose senior services and this is the bottom left and gap loan for block pecks. 73 unit affordable family development by murphy housing, california and san front housing development corporation. this has not been, proved but we are planning bring this for president trump this june. >> and with that, i'm become over to continue the presentation. thank you. the largest use is the service on our existing bonds of 80 million dollars and a [inaudible] of 20 boundaries. we will also be spend 8 million dollars on debt service for new transbay bond ben talked about this for d2 park and transbay park and include an estimate of 2% and 10% reserve and 7% rate over 30 years. 4.5 million. [inaudible]. 1.2 million for the [inaudible] payment this will be our last payment. 3 milling for the cost of issuance. >> for the cost of issuance. >>i for the cost of issuance. l for the cost of issuance. l for the cost of issuance. >>io for the cost of issuance. >>n for the cost of issuance. >> 18.7 millionful 9.45 benefit for 55fte not change from the prior year. 5 million in nonlabor and 4.3 in retiree obligations. more on the 5 million dollars in nonlabor, the work orders with city departments and the largest subuse of [inaudible] 2.5 million followed boy a professional services and other expenses. that concludes the presentation on our budget. i will turn it become every to jamie. >> thank you for the presentation. budget is a road map understanding when the staff is wing on. i appreciate your efforts. madam secretary, did we have a member of the public that wishes to speak? >> if there are member of the public when wishes to provide comment on this item call 415-sick 55-0001. and enter code 24855702962. pound twice and when you are in the call press star 3 and get in the kwou. if you would like to provide comment press story 3. to submit your request. i don't see members of the public comment on this item y. okay. >> so -- at this moment in i will close public comment and turn to my commissioners for questions or comments. commissioner bracket had her hand raised. >> hi. good afternoonful thank you, staph for the great presentation. i have a few questions and hoping to -- get those quickly answered. and -- as you were discussing in terms of i'm sorry. i had a qu