Breed, here. Campos, present. Cohen not present, farrell, present. Kim not present, mar not present, peskin, present. Tang, present. Weiner, present. Yee, present. Kim, present. Mar, present. That president you have a quorum thank you. Please join us in the pledge of allegiance. [pleage of allegiance] thank you. Mdm. Clerk any communications width lunch report mdm. Pres. Colleagues any changes to the september 20 20 sitting board minutes . Seeing none, is her motion to approve those minutes . Motion by supervisor campos second by supervisor avalos. Colleagues, can we take the approval without objection . Without objection those Meeting Minutes will be passed after Public Comment. [gavel] mdm. Clerk but go to the consent agenda. Items 13 comprise the consent agenda. If a member objects to the these items be on consent and item be be removed and considered separately. All right. Be seen no names on the roster mdm. Clerk please call the roll call on items 13 cohen aye farrell aye kim aye mar aye peskin aye tang aye weiner aye yee aye avalos aye breed aye campos aye there are 11 aye those items are finally passed and approved unanimously. [gavel] x item, please item 4 and speed is to appropriate 100,000 from the general reserves the department of Emergency Management to provide leave to earthquake victims in italy for 201617 will call both on item 4, cohen aye farrell nay kim aye mar aye peskin aye tang nay weiner aye yee aye avalos aye breed nay campos aye there are eight aye and three nay with supervisors farrell tang breed in the dissent be was the ordinances finally passed [gavel] supervisor tenant i like to make a motion to rescind the last boat moved and seconded. Colleagues could take this without objection bequest without objection the motion to rescind passes [gavel] mdm. Clerk please call the roll on item 4, cohen nay farrell nay kim aye mar aye peskin aye tang aye weiner aye yee aye avalos aye breed aye campos aye dart eight aye three nay width the ordinance finally passes. [gavel] width the ordinance finally passed. Mdm. Clerk i like the motion to rescind the boat. Is there a second . Moved and seconded. Without objection the motion to rescind the vote passed. Mdm. Clerk the clerk on item number four please call the roll width supervisor cohen supervisor cohen nay farrell nay kim aye mar aye peskin aye tang nay weiner aye yee aye avalos aye breed nay campos aye there are seven aye and four nay supervisor cohen in the sentence be was the ordinance finally passes [gavel] width please call item number five item 5 a ordinance to amend the administrative code great neighborhood operate crime unit said district stations in the Police Department width will call vote on item 5 on item 5 the ayes have it. Nay farrell nay kim aye bart aye peskin tang nay weiner nay yee aye avalos breed aye campos aye there are seven aye and four nay. The ordinance finally passes [gavel] item number six. Items 6a ordinance to amend administrative code to reflect changes in job job classifications in bargaining units. Supervisor peskin thank you mdm. Pres. I believe based on a calmer station last week and we will hear from ms. Mason from the department of Human Resources that i would need to operate amendment to delete line 4 on page 30. Why we hear from ms. Mason president breed supervisor Suzanne MasonEmployee Relations director and as a followup to last weeks questions by supervisor peskin regarding the pns classification code 3246, i had the opportunity to talk with the recreation and parks rector Phil Ginsburg who explained that there werethere are two individuals still listed in the 32 46 classification. Though, because its an as needed classification they have not worked in a number of years. They still were in the specialized classification. The department has taken to using a more broad based classification for recreational leaders and specials. Pier no for teaching and playing a cultural event use the 3279 pacification of recreation leader. As such, the 30 2 46 pm best classification needs to go through a process of releasing the employees in that class will not work for us for many years have outside employment. Then, abolishing the classification which will take a little time but we are going to initiate that we appreciate the issue being raised to our attention because when we look in the personnel system we saw the two individuals in the class. So to date before you, and i have the revised ordinance, we are proposing to eliminate the pns 3246 classification on page 30 of the ordinance. Supervisor peskin i would move deletion of line 4 on page 30. Supervisor peskin has made a motion seconded by supervisor and he could can we take that without objection . Without objection the medics passes [gavel] be was on the item as amended mdm. Clerk can you please call the roll call roll call cohen aye farrell aye kim aye mar aye peskin aye tang aye weiner aye yee aye avalos aye breed aye campos aye there are 11 aye the ordinance as amended passes unanimously on the First Reading [gavel] please item 7a ordinance to authorize the settlement of a bankruptcy claim by the city filed against gotto for approximate 110,000 to make revocations filed on august 20 720 and 80 United StatesBankruptcy Court the Southern District in newark and the citys claim was filed on gender 27th 2015 colleagues can we take this item same house, same call . Without objection the ordinance finally passes unanimously. [gavel] item number eight item 8 resolution to authorize the department of Emergency Management and technology to enter into two agreements first for purchase and installation through a term to 30th 2012 and for maintenance and support for term through september 1 2035. The citywide 800 mhz radio system with motorola for total amount not to exceed 76 million in authorize and the director of the office of Public Finance to procure financing in the amount not to exceed 35 million colleagues, can we take this item same house, same call . Without objection the resolution is adopted unanimously. [gavel] item number nine item 9 resolution to retroactively authorize the office of the dist. Atty. To accept and expend a grant in amount of 400,000 in the california governors offices of Emergency Services were elder abuse programs from july 1, 2016 through june 30, 2018 same house, same call . Without objection the resolution is adopted unanimously [gavel] please call item 1014 together item 10 is a resolution of intention to establish the infrastructure and revitalizing financing district number one and to define the project area to finance the construction and acquisition of facilities on Treasure Island and yerba buena and provide for annexation to offer a public hearing on december 6, 2016 at 3 pm on the formation of the district and project area. Item 11 resolution to authorize the dir. Of office of Public Finance to prepare an infrastructure and financing plan. Item 12 is a resolution of intention to issue bonds for the infrastructure and revitalization i missing district number one. Item 13 is a resolution of intention to establish a Community Facilities district number 20161 improving area number one and future annexation area. To call a public hearing on the summer six 2016 at 3 pm on the formation of the district to provide for the public notice. Item 14 is a resolution of intention to incur bonded indebtedness and other debt not in the amount not to exceed 5 billion for the Community Facilities district number 20161. Provides a kim thank you president breed get number of questions of, about the establishment of the ise and i do start director of Treasure Island development here today. Mr. Bob back and i would like to bring him up for some questions from myself and colleagues. Just to give lip a little history context in 2011, one of the Treasure Island dda was coming before the board of supervisors, we had been learned about the potential dissolution of the Redevelopment Agency. At the time we were not sure if gov. Browns proposal would go through but just in case we had converted the Treasure Island development a project under the Redevelopment Agency and we instead converted it to an ifd project. One of the losses of moving from a redevelopment Financing Mechanism to an ifd is of course there is less funds we are allowed to set aside for the production of Affordable Housing. What we were fortunate about is that there is currently already Affordable Housing on site that we pleased that you may housing partnerships could the pile sure as well as [inaudible] 360 and i is the to about jurisdictions to rebuild existing Affordable Housing units. That was how we were able to maintain their lead high levels of affordability and not the original 30 that have been committed to what was a Redevelopment Area plan. Under some intense negotiations, we were still able to keep the affordability of the island 227. 5 . That was finally negotiated with the developer that year. We are now moving forward with a resolution to establish the ifd district for Treasure Island. Of course, during the time when the major issues that come up of concern to this board is the financing gap we are now seeing for the Affordable Housing thats been committed to build on that island i know this came out several months ago. We asked the Mayors Office of housing and tida to submit funding and financing plans for how we would build the committed a former Housing Units and director back, i was hoping you could answer questions in regard to that. I know my colleagues supervisor peskin has questions as well. Welcome mr. Beck thank you chairman, members of the board. Yes, bob back with Treasure Island development agency. Supervisor to him give me give you quite a bit of background on the program on Treasure Island and how we came to the program we are attempting to move forward today. I could go into some background on the irfd and cft but in brief, the tax and prevent redevelopment Tax Increment Program that was anticipated for Treasure Island has been replaced by a combination of infrastructure and revitalization financing district and Community Facilities district supplemental tax financing for the development of the island. The plan does call for us to create those districts to reimburse developer for certain qualified project costs as well as the irfd does commit 17. 5 of its proceeds under our financing plan to the financing of the Affordable Housing. With we had a number of things over the past five years that have caused us to have a gap on the former housing and financing good first, there has been a tremendous run up in the cost of construction. In 2011 when we were estimating 220 a square foot for the construction of the Affordable Housing we are now looking at costs on the wood of 325 a square foot were about a 50 increase in the cost of construction. The base plan in 2011 was for 25 with the option to increase that to in excess of 27 of supervisor kim indicated. We are pursuing that higher level of affordability but thats an additional 10 increase in number of units we are trying to deliver. So that also adds to the gap. Then, also, in 2011 there were certain federal i merrily funding streams available to us that was assumed would either still be available or would be replaced by similar federal funding streams. That is not materialize. Theres also a shortfall of revenues that were expected in 2011. So thats what contributed to our gap and so right now we are looking at how can we address that gap. First, there are some issues legislative that we be interested in pursuing at the state level one is in. One is recapture of the state share of property tax increment. That will result from the development program. Currently, the dissolution of redevelopment thats no longer available to us but if a portion of that state revenue, that state windfall, were available to us that would help us with youthat could help us with the Affordable Housing side of the equation. Secondly, would be we would be interested were looking at extending the term for the infrastructure revitalization and financing district from 40, 245 years. Again consistent with the term under redevelopment which would give us an extended permit under which to capture tax increment. In addition, there are both grants and tax programs we are exploring, pursuing the states Affordable Housing and Sustainable Grants Program which is a Greenhouse Gas funded program, Carbon Tax Program at the state level as well as new market tax credits as potential sources to help us with the development of the funding. Also, we are looking at local revenues that will be generated in addition to the tax increment as a part of this project. First, out of this local share of tax increment and 56. 7 of the 1 is dedicated to the project financing while 8 of the property tax is subordinated available for coverage on that debt issuance. If that 8 were available to fund the Affordable Housing, you wouldnt necessarily increase the amount we could leverage but it would help us fund over time additional housing. The other local revenue stream is Motor Vehicle license fee payments that come to the state could this is an in lieu payment of property tax Motor Vehicle license fees that come from the state to the city that is based on property tax and could potentially be leveraged as those revenues increase as a result of the increased Property Values on the island. So those are some of the strings would that we are working with the office of Public Finance, the Comptrollers Office mayors budget staff and Mayors Office of housing to explore how we can best get these opportunities together to make a sizable impact on the shortfall and then looking at other smaller grants programs as well as potential costs control and Cost Containment measures to bring down the overall cost of the units to close the gap. Those are our strategies we are exploring are happy to take questions. Just for the sake of the public, exactly how large is the financing gap for the Affordable Housing component . We currently have a crap of 380 million. Looking at all measures we can to close that gap. Thats on the total budget of 971 million. How long have we been aware of this gap . About a year or so weve been working on quantifying it and finding ways to strategies for containing it over the course of your have we pursued any of the strategies that you have just enumerated as potential ways that we can contribute to the financing gap . Well the first exploration was to see whether the climate would be in sacramento for reconstituting redevelopment with the city could share and the state share of the [inaudible] share of property tax increment. Unfortunately, this doesnt appear to be a time where we would be able to get that signed by the governor in sacramento although there does appear to be a great deal of support for an idea like that within the assembly. So we are hopeful that as the continued to move forward that is an idea we can gain traction on and potentially explored the that might be to take a couple years for us to implement Something Like that. I know that we had actually tried years ago we had asked sacramento and state sen. Mark leno to explore an exception for Treasure Island similar to what we explored with the Warriors Arena and we were not able to get Treasure Island and the governors r the governors rexim worried one of the biggestssed oppositionerase our financing gap is one thats not realistic. Given that this is one of the major priorities was to call back that funding back to the state for their own budgetary uses. So i guess i would express some concern being that we been aware of this gap for now a year and we are pursuing and of all of the proposed solutions that youve listed, the only one that we have been exploring is one that doesnt seem like its going anywhere. The on the assembly. I get that. Many members of the assembly are supportive of this which is great but its very hard to get the finish line without the governor signing the bill. Yes. Understood. That one may be may not be the first step in closing the gap as you indicated. It may require a new administration for us to be with to successfully move that forward. We did also apply this year for Affordable Housing and sustainability communities grant. Unfortunately, in the current cycle the first two Affordable Housing parcels will not be available for de