Should you have any document as part of the file they should be committed to myself the clerk. Public comment will be taken on this agenda. Please line up to speak on the west side of the xhaim behr to your right along the curtains, while not necessary to provide Public Comment. We do invite to you fill out a comment card by the doors. If you wish to be accurately recorded for the minutes. Alternatively you may submit Public Comment in writing in either the following ways, email them to myself, at brent. If you submit Public Comment via email it will be forwarded to thed supervisors. You may also send your written comments Via Postal Service thats and dr. Carleton place room 244 San Francisco california, 91412 and items acted upon today are expected to appear on the supervisor agenda on march 19th unless otherwise stated. Madam chair. Thank you, mr. Clerk. And before we call item number 1. I would like to remind the public that we have budget and finance Analyst Report on 1 through 4 and 6 and for those items well have Department Presentation first followed by the budget and legislative analyst. And with that, please call item number 1. Item number 1, resolution approving the third amendment to the Grant Agreement between the city and the county of San Francisco and the nonprofit selfhelp for the elderly. To increase the grant amount by approximately 2 million for a total not to exceed amount of 11. 5 million affective approval of this resolution. Madam chair. Thank you and today we have the department of disability and Agent Services here. Thank you. Thank you. Good morning, supervisors my name is tiffany concerny im the lead nutritionist. Were seeking approval for the Grant Agreement for Home Delivered Nutrition Services for older adults. This amendment increases the grant by approximately 1. 2 Million Dollars and will support about 82,500 more meals between this fiscal year and next. Selfhelp provides a wide range of services for older adults. They are a valued Community Partner with extensive experience serving San Francisco seniors. Today, they are known for providing essential and cultural Relevant Services for the city asian population which includes the delivery of healthy chinese cuisine meals to home bound seniors. Last yae, selfhelp delivered over 246,000 meals to 1100 plus klientsds compared to fiscal year 1819. Thats almost three and a half times more meals to three times for clients in five years. The pandemic and its Lasting Impact are notable factors contributing to the elevated Service Levels i just described. However, seniors are also the Fastest Growing age group in San Francisco with the api population experiencing the most growth. The senior api population is now the largest ratio ethnic sub group of older adults in the city at 44 making selfhelp for the elderly a preferred and Responsive Service provider for many more seniors. Currently, 90 of selfhelp home delivered clients identify as chinese. In addition 70 report income levels at or below the poverty line putting them at increased risk for food insecurities. San Francisco Department of Public Health recently published the 2023 biannual equity report tha. Report notes that food insecurities raitsds in Community Programs are up. However the report also notes that clients who participate in congregate and home delivered programs like the one before you today have lower Food Insecurity rates compared to clients who participate in other city funded and Community Programs reinforces that dos is funded meal programs are affective at addressing food and security. Like all the nutrition contracts, the selfhelp grant has compliance and quality requirement. These requirement are essential in ensuring the health and safety of older adults and help meet the needs of our consumers more completely through inhome assessments, nutrition and security screenings, Nutrition Education and referrals. Menus are evaluated to ensure the meals are healthy and taylor to see meet the nutritional needs of older adults. These requirements also include food safety and sanitation monitoring which is extremely important when providing meals to atrisk populations. Selfhelp is monitored ob annual basis and theyve been monitored every year at least in the time that ive been with the department and theyre always in compliance. Selfhelp is one of many responding to the needs of older adults living in the community with the resources available. This amendment will provide selfhelp with the additional funding need today deliver critical nutrition support to eligible clients for the remainder of this year and next. Thank you very much, and im happy to answer any questions you may have at this time. Good morning supervisors, item 1 is a resolution approving to grant amendment for the selfhelp for the elderly it ads 11. 9 Million Dollars to the Grant Agreement and this grant funds home delivered meals that selfhelp operates. This is essentially adding fund thating hsa found and other funds to increase nutrition assistance this year and next year. With detailed on page 8 on the report. And we reviewed the Program Monitoring reports and financial Compliance Report and did not see any issues so we recommend approval of item 1. Thank you, we appreciate all the work that boss is doing and Agent Services are doing. At this time we dont have any questions, look forward to having a big picture conversation with hs a and dos but also with the Mayors Office of course really Food Security in general and how do we continue to fund these Critical Services with the fact that we see there is diminishing reports both on the federal level as well as the state level including cal fresh. So what we, i only see the increasing needs in our city. Continuing on the asian population and continuing to increase in the next few years. I would like to better understand while i appreciate, of course the selfhelp and with this grant, you know, Grant Agreement but this is you know, coming up for a amendments for a few times now. So just kind of look forward to seeing what else were doing cohesively. So thank you. And with that, lets go to Public Comment on this item. Yes, we now invite members of the public who joined us today who wish to speak on this item to line up now and address the committee on this item. Madam chair, we have no speakers. Thank you, seeing no Public Comment, Public Comment is now closed. Colleagues i would like to move this item to full board with recommendation. With that roll call, please. Clerk vice chair. Mandelman. Aye. Melgar. Aye. Chair chan. Aye. Clerk chair aye, we have three ayes. Thank you and the motion passes. And mr. Clerk, please call item 2 and 3 to theding. Clerk yes, item 2 and 3, item 2 is a resolution approving the infrastructure financing plan for the San Francisco enhanced infrastructure financing district number 1, acquisition and financing agreement and documents and actions related there too and authoring the filing of validation action. Item number 3 is an ordinance between the city and county and California Barrel Company llc for the potrero power station project. Establishment of San Francisco financing district number 1. Making findings under the environmental act and findings of conformity with a general plan and planning code, madam chair. Thank you, and i just want to remind the public that actually first of all, we want to acknowledge supervisor from walton in the chamber and acknowledge that supervisor myrna melgar and i are in the eifd body that oversights this plan as well along with supervisor walton. So this was before us a couple of weeks ago, at least among the three of us. And one of the item, item 3 was formally at land use where supervisor melgar chairs. I thought it efficient to have both items together since both of us are on this body and we can hear it together is the reason why item 3 Development Agreement will go to a Land Use Committee but now its here with us. Soy want to give the floor if its the okay with the department and i want to make sure that we give supervisor walton the opportunity for opening remarks for this item. Thank you, so much chair and colleagues. I want to briefly speak about items 2 and 3 over the past year, number 1 has met to oversee the creation of the power station inhansed financing district also known as the eid, po to fund Public Infrastructure and projects of community significance. Like chair chan stated along with supervisor melgar and peskin as appointed members and keith and captain domeni we had four meetings including two public hearings on the infrastructure, financing plan and thts first of several projects to be funded to address the shortfall financing. The power station has been a significant site for district 10 in San Francisco and is the future home of up to 2600 new residential units with 30 affordable. As well as 1. 6 million commercial space. The first building will have 105 affordable units for Workforce Housing and named after our former District SupervisorSophie Maxwell who actually lead the charge to shut down power plants in district 10. I would like to thank lee, our Deputy Director from owd. Our Controllers Office of Public Finance, specifically grant carson, bridget cats and our deputy City Attorney mark for helping us today. I just want to note that were excited to move forward with this project and i hope my colleagues on this committee and the board will be just as excited. Thank you so much, chair chan. Thank you and here we are, we have to Controllers Office of Public Finance here. Good morning, chair chan, vice chair, supervisor melgar and walton. Im a debt specialist in the control office of Public Finance, pleasure to be speaking with you today. Im also joined by oawd to answer any questions you may have. To begin with a brief overview, were here to begin the formation process. In april 2020, the board of supervisors proved the original Development Agreement for the power state project then in march of 2023, the board of supervisors kicked off the process by approving a resolution of intention to establish the eifd. In june 2023, the city Public FinancingAuthority Number 1 or the psa was formed. Then from july 2023, through february 20 this, psa held four meetings including two public hearings on ifp for the power station eifd. The power station project is a Large Scale Development on the eastern water front just south of pier 70. The city goal of proposing the establishment, is to help address a shortfall and financing for facilities related to the project. A project that has Community Wide significance and provide significant affordable. The project is planned for 2600 units, 26 which would be affordable and provides 7 acres of public parks and water front. Describing ifp for fiscal 2023 base value of the district is 139 million. After providing for future en nraition the total amount of conditional tax revenue does not exceed 3. 6 billion respectively. Based on analysis of fiscal impact the statemented city channel fund is 15. 1 Million Dollars. Please note that there is been an update from the version of the ifp currently on file. However, there is no change to the not to exceed figure showing here on the page. Finally weve laid out the current schedule here, assuming successful passage of the resolution through the board or final step to hold a final public hearing scheduled for march 28th. As i mentioned im joined by representatives from oawd. I think were going to go to item 3 and then well go to the bla report for item 2. Thank you, supervisor item 3 is associated with item 2. Its the amendment of the project Development Agreement to update the financing plan exhibit for that project. When the project was approved to include the terms and conditions around how the city will use this eifd to fund the improvements in the project. Thank you. Thank you. Good morning supervisors. Item 2 this is a resolution to approve an infrastructure plan for our enhanced infrastructure district number 1 for the potrero power station. The purpose of the district is to divert property tax revenue that would otherwise go to the general fund to fund general infrastructure in that area. Diverts is 58 of the citys property taxes to fund that infrastructure which we show on page 18 of our report. The cost is estimated at 548 Million Dollars that the city can contribute more based on, it can contribute up to 58 of the projected property tax increment. As was noted the Development Agreement that was originally approved by the board of supervisors did not contemplate using property taxes to fund the infrastructure that was the responsibility of the developer. It will did come ten plate using taxes, so this is a significant change in the Public Financing for this project. And its, the citys funding 100 of the Public Infrastructure and Affordable Housing that was previously going to be funded by the developer. We did get some statistics from oawd that possibly suggest that this project is no longer financial feasible. We cannot validate their analysis on that determination based on the information that they provided. I also want to note that this infrastructure is going to improve all the market uses within the area and there is zero cost from the developers. So i do think this is a significant change. Its also the first time the board has used an enhanced infrastructure district. So for all of those reasons were consider approval of this item to be a policy for the board. Thank you, before i call on ~ one last thing. Go ahead. Vice chairman del man, please. I was going ask if oawp can respond to these concerns. Yes, absolutely. Thank you. So i just wanted to respond to a couple of those items. Prior to form eifd last spring, the city performed economics as typical and analyzed as a new financing tool. With this tool, the project is closer to feasibility and over the last year, the developer has enhance thed the project accordingly as supervisor walton mentioned with the ground break of the first housing project. To the can september that this tool is paying for 1100 percent of infrastructure just for the record to clarify, the developer in fact, bears the responsibility to pay for 100 percent of the improvement and Affordable Housing that theyre obligated to provide. And eifd will generate revenue if and only when there is an incrementle taxes generated. Per our city policy, the eifd will donate 40 percent to this use with the other 50 percent of any incremental property going to the citys general fund. The city will issue fund. Can you explain what incremental property tax right side . Yes, absolutely. We have set a base year of 202324 and the property taxes right now na are assesses constitute that base year value. So that amount of property tax that is flowing to the city this year will always continue to flow to the city. So thats the base, any increases in property taxes that are assessed, as new Development Comes online in the project, of that increment, 50 of that will be dedicated to this district and available to reimburse for these improvements. The other 50 will be going to the general fund. The state program does allow the districts to be forms to allow 100 percent of that increment to go to the district. As you may recall, last year we updated the citys policy for use of ifd and affirm that we would only dedicate 50 as sort of a conservative fiscal measure to ensure that the city is always generating new general fund increment from these projects. Thank you. I, i think i if i may this and of course, i really differ to supervisor walton from his thoughts on this, but i really believe that in the area that San Francisco as a City Government has historically under se