Joining us by phone like to provide a comment madam chair, it doesnt appear any members of the public are wishing to comment on this item. Seeing none, id like to close is Public Comment and followup with my fellow commissioners to if you can get motion on this consent item. Madam chair, i move the content items are approved. Mandatory discretionary reviews call the vote. Commissioner aqunio. Commissioner drew is absent and chair brackett madam chair, the vote is 4, 5 and one absent. Three is one abstain and one absent. Yes. I was not present at the last meeting so the vote is three is and one absent. The motion carries. And three votes madam secretary call the next item. The public has up to three minutes to make pertinent Public Comments on each agenda item unless the Commission Adopts a shorter period on any regular agenda agenda item nos. 5 b and 5 c related to transbay block 2 family, l. P. Will be presented together but acted on separately. Acted on separately. Acted on separately. Acted on separately. Acted on separately. Acted on separately. 5b. Authorizing an amended and restated Loan Agreement with transbay 2 family,l. P. , a california limited partnership, to increase the contract amount by 53,961,845 for a total aggregate loan amount of 61,961,845, and a Childcare Community commercial Childcare Community commercial Childcare Community commercial Childcare Community commercial development of 184 affordable rental Housing Units including two two two two redevelopment project approved under the transbay terminal caltrain downtown extension redevelopment project final final final adequately described therein for purposes of the California Environmental quality act ceqa ; transbay redevelopment project area. Discussion and action Resolution ResolutionResolution Resolution commercial ground lease with transbay 2 family transbay 2 family transbay 2 family transbay 2 family spaces at transbay block 2 east; providing notice that the abovedescribed actions are within the scope of the transbay redevelopment Environmental Impact statement Environmental Impact report, a program eir, and are adequately described therein for purposes of the california a Environmental Quality act ceqa ; transbay redevelopment project area resolution no. 072024. Executor director kasiofsky i thank you, madam secretary and greetings members of the commission and members of the public and as a madam secretary described a transbay one hundred one 184 affordable units by mercy housing hesitate the phase two of after all three hundred unit for the Affordable HousingDevelopment Phase one and developed by Transbay Development cooperation and it was approved to explain this project to you and ken senior specialist occii. Thank you. Good afternoon, commissioners and aim ki78 the senior specialist for the housing ccii approval of an amended and stated agreement with transbay 2 family commercial llc, a California Limited Liability company, in an amount of 8,676,682 authorization of the agreements will facilitate the tennis court and the starts of construction for the planned mixeduse Affordable Housing project on block 2 presentation in the transbay area. And block two of the few primarily projects of project area and critical to meeting the area affordability requirement of 35 percent two projects like block east and west 100 percent Affordable Housing with each project is financed and owned and operated and ccii initiated that in 2020 and competitive requests for proposals and the commission has taken a series of action to facilitate the project development computing approval for the predevelopment funding and financing and commitment and authorization of a shortterm horizon ground lease and most working the mission approved the residentialcommercial leases for block to one way or another im happy to say this is a hand been closed and starred construction on march 11th. The Development Team for the two east projects by mercy housing and it was service the long term project manager and the services will have and led by the architecture and the y a studio and for the other architecture. And the general manager between ruben con and a reminder on this sign the East Building is shown along the two west buildings to the right and transbay 2 family, l. P. Along the street to a 17 story on main street and a future block street public park and extension are the foreground. These images are richards the ground floor on the left find townhomes on the rights a corner and a residential lot like folsom towards the center of block two and that connects folsom to the other streets. The Development Program for block two is the hotel of 184 affordable units if studios to three bedrooms and two units will be onsite and the remaining two for earning zero and 80 percent for the ami and 40 units for those experiencing homelessness through the support operating program allowed and residential amenities are two Community Rooms and a ground floor purpose room and multiple laundry and a pet washroom the building will have secure spaces for 92 bikes and childcare facility and two ground Floor Community servicing commercial spaces. All of the commercial spaces will be built to one child meaning will have restrooms and fixtures and other amenities mercy is the operator for the childcare facility and wu has financing for the improvement and and design team for the Residential Design Team and or to make sure the space is highly functional and meets the licensing standards and the facility will accommodate 45 children if infants to 55 years and the other on formatting on the corner of main street. Both to take advantage of of the vanity sidewalks spaces. Ccii funding totally 73 million and first an approximately, six 2 permanent funding and second approximately 9 million permanent loans for the commercial and third approximately 2 million of funded Site Preparation work for the demolition of an existing building. As you may recall the structure was proposed for optimizing this to secure the competitive tax exempt financing and along with with the ccii loan low Income Housing tax and added Affordable Housing and sustainable programs. The overall to block two east 41 million and in addition to the 20 million on it table with Residential Projects the award is three miles of grant finlands used for pedestrian and transportation improvement and partnership with the San Francisco mta and the doubt and bart and those includes the streets within the project area and the purchase of two new art trains in embarcadero station and a direct benefit to the oblique to see millions of dollars to pay for three years for alternate block two east. The amended amendment establishes the term of ccii permanent is a gap fund for three 0 and a half Million Dollars predevelopment as well as the additional four and a half Million Dollars approved under the First Amendment to the Loan Agreement and the state of mind total is 62 appeals and subject to change prior to the construction start with the final cost will be do you mind in the final plan and the total ccii for the Residential Loan commercial loan and funding will not steady 73 millions. The Interest Rate is between zero and three percent. Funding for the commercial that portion of project will be provided in under a separate Loan Agreement and totals 9 million to construct the commercial units and the residential component the funding is subject to change under the Loan Agreement the pays will be restricted for a Community Use as fined in the guidelines and as a typical for ccii Affordable Housing projects ccii will retain the ownership of the lands for two east have two separate ground floor and one for the residentialcommercial portion of project to facilitate this they collaborated with ccii and two separate parcels one for residential portion and another noncontiguous for the commercial and about ground licensees for 75 years to extend for another actuary years. The residential ground lease has a base replacement of 15,000 and 1 on the other one. The residential Loan Agreement requires the market in compliance with ccii policy and practices the project will follow ccii occupancy preferences First Priority to have a cop and following this preference priority so adapted preference holder and neighborhood residents and San Francisco residents or front line workers. Tenants for the 40 lots will be referred to the project by the hsh through the entry and however snitch and oewd will work to identify the cop and provide them First Priority for the lots and one month after construction starts the developer will submit a outreach plan for affirmative advances marketing. Mercy commercial will conduct the marketing for the commercial spaces while primary outreach as has begun they the truth of the matter the mark for the project one year from completion and mercy will seek to reach Small Businesses through the Community Organizations and local businesses and businesses groups and mercy has posted on the commercial website and advertise spaces on the listing sites and reduce barriers for Small Businesses and local entrepreneurss mercy will offer low income advantages. So Loan Agreements require sometimes ccii equal opportunity for the Small Businesses entrepreneurs wage and nondiscrimination and throughout the predevelopment the team has worked with the team to advertise and the award professional contracts and day 8 percent of contacts have been awarded to ftes and bidding is 1, 2, 3, 4 progress for the contracts and do at that time thirty percent of those are being awarded with fte and 59 percent of incarcerating dollars this group simply is committed to work with ccii store the remaining bid process to award ftes contracts and submitted using the best efforts to meet the 50 percent local hiring goal. The Development Team at ccii staff has kept the community informed through regular updates for the transbay and through meeting with the benefits district and other local organization. Well continue this outreach through urgent the construction and in addition to the item to will circuit a newsletter and provide current information on the website and the continued outreach will run with the residential and commercial marketplace. The two east property will begin with the construction and one month after construction the developer will submit theyre marketing plan and it will be finished in may 26th and well anticipate the childcare facility in december 25th and opening in august 26th and throughout 25 and 2726 have the goals of initiating tenant improvements by 27 that concludes my presentation. And ill be happy to answer any questions you may have. I am joined by staff from mercy housing and mercy commercial and represent from the venture and thank you. Thank you kim. Madam chair, this or that if i may add were working with the developer for a ground ceremony in may. Thank you. coughing . Can you please call for Public Comment. The public who wish to provide comment, please call phone number 1 415 6550001 access code 2661 369 8121 to raise your hand, press 3 know when it is your turn to speak. If by phone, 3 and we will begin with members of the public who are in person. Inperson now for members of the public who joined us remotely, if you would like to provide a Public Comment, press star 3 on your mobile device. Madam chair, it doesnt appear any members of the public are wishing to comment on this item. Seeing none, from the public Public Comment is closed. On this item 5 a and b. Sorry 5 b and 5c and um, move over to my fellow commissioners questions or comments . Kim. Regarding youre early outreach. And we have mentioned this before about getting newsletters or information to the institutional places and especially district 10 and district 5 making sure they get this information not at the most of may but early as possible. This is an excellent situation right now because of, you know, police and things that are going on lots of people family and especially even folks that dont normally go to church will be in services trying to get that word out. And then to make sure there are flyers that can be given to them. Besides newsletter or something you have out already. That would be good. As well as our outreach services. George davis and a lot of grandparents can tell we are looking at decendents they can tell the families this is available abused a lot of folks are not going to know to go to mercy coughing mercies website and it is good place to go but if you dont know and when to do constantly looking at that they miss out. Our outreach l hunch and the ymca bayview, the district 5, and all of the others that japantown they need the information as soon is possible and for our professional services. Our Small Business owners the same thing those we havent found and still dont know about it we can keep it search going and make sure there are flyers to e that can be out in places printing places they have business done. Our store billboards and Southeast Community centers again the y. And perhaps if any of them have connected to a union. Thank you commissioner and absolutely were going to make sure those strategies are noerp into the outreach plan. Thank you. We have any additional comments from fellow commissioners . clearing throat . Good afternoon. Thank you kim great presentation. Um, overall im excited about this project. Um, a couple of questions then for me to understand. Um, i know were to go have the dog park nearby but since some of those will be for seniors if theyre not able to walk will it will be an area for their this animals, you know, their dogs small dog forgive me. I dont article if that is built would this site by one um, incorporated button bayview citings. Yeah. It is rights there. Okay. Forgive me multiple voices . All right. Just i was looking at businesses for my information. Under the Family Building last page it says the numbers and everything this clearing throat to for the joint veteran i under the maintains the casework this is a listed at bids what does that mean. It typically that sort of thing. multiple voices. and. Okay. You multiple voices . I got thats what i thought i was not too sure. Other than everything looks great. Thank you. Thank you. If i may through the chair why believe the current approved design on block three incorporates the dog park area unless a park that is planned there some other things as you recall had a contingency active sports enthusiasts were requesting some design changes none of those requests included in the closed dog park but you can certainly bring that up. Okay. At the. Kim and again, i want to also repeat what our commissioner just said. Thank you very much for such a clear easy to follow presentation and would you add to that list tenderloin. They do an amazing amount of outreach for the city. As well as theyre on community and seeking health and Wellness Coalition have their housing piece as well. And apart of one of their housing where they keep people are housing as well as try to look for something in the future for families there is also your epiphany tiffany housing for women and children temporary and they also need that information they serve a huge Diverse Group of families. Thank you, commissioner and you have a few questions thank you for the presentation. Um, baselines any recognition it seems like we have already doubled the predevelopment dollars once and today what were actually asking the commission to vote on not an 8 million increase but 5 percent increase that is 19 million plus in total. ; is that correct . . Im sorry can you say that again. The ask today, we have already contributed the 8 million and. Could you repeat for us to um, basically increase the original contract amount that is 53 million plus sorry nine hundred and 61 thousand dollars plus to an actual 72 million plus. Is that; correct. Just to clarify the 53 million in in addition to the 8 million that will bring the residential piece total to the 61 . 9 million but the overall ask project wise for this consistency where we were in august 2023 the commitment were an all amount the 72 million but youre right from the 8 million authorize during the predevelopment and adding money to the 61. 9 residential. Thank you. Some of the changes in the last year for the potential increases and asking if for today. Yeah. To be honest the project were bringing