Good evening, ladies and gentlemen, and welcome to the regular meeting of the the meeting will come to order. This is the regular meeting of land use and transportation im supervisor cowen the chair of that to my right is supervisor wiener the vice chair and to my left is supervisor peskin hell be joining us shortly our clerk is victor young and like to make a moment to thank jesse larson and phil jackson if sfgovtv for broadcasting this meeting today mr. Clerk announcements . Electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the may 24, 2016 board of supervisors agenda unless otherwise stated. All right. Thank you so much well colleagues supervisor farrell supported this item hes here im turn the rest of the meeting over to him. Thank you, madam chair call item one. Ordinance amending the police code to prohibit anyone from keeping a firearm unless it is disabled with the trigger lock. Thank you, madam chair so colleagues gun violence a large irk across the country and here in San Francisco one the leading factors continues to be the unsafe storage of firearms during last year the shooting in San Francisco did a significant amount of work this is followup legislation because call the roll under San Francisco law only handguns and rifles and shotgun are to locked i want to thank supervisor cohen and supervisor campos that did a past amount of legislation in the arraign this closes the loophole mandated occupy filers not just handguns have proper trigger locks on the department of justice list a recent study over 1. 6 million childrens were living with loaded and unlocated firearms and 73 under the age of 10 were in homes with no location felt parents firearms according to the department of justice status a program in the doj posted 90 thousand firearms are arrested in burglars and 15 percent are used in other crimes while this legislation selfwas not an incident in the streets of San Francisco thankfully i personally dont believe in waiting for a disaster this was a glaring will that we governed last year im proud to have it come to committee i want to thank quickly both alison and julie from the law center to protect folks from gun violence over the past years i want to thank and jessie from my office and katherine from previously my office for all but work they put 2, 3, 4 and i look forward to having the fame to be aggressive around gun storage laws colleagues he hope to have your support and ill be happy to answer any questions you may have. Thank you supervisor farrell and colleagues anyone in the cue lets go ahead and take Public Comment any member of the public please be advised hi, im al sob an attorney at the law center to prevent gun violence thank you for thereby ordinance to save storage orientals those amendments will require guns in not only the residence of the owner to be safely stored all firearms only handguns and require lost containers to be listed on the california roster of Firearm Safety devices this legislation is very important accidental shootings is a significant problem in the country territorial were responsible for one shooting that year on may 1st the post recorded in 2016 the piece of shootings by toddlers accelerated thinking lost cabins in the homes are substantial to gun stoelgz the u. S. Department of justice reports 90 thousand firearms are stolen every year during burglaries and unlost guns in home are for people that want to do harm the sandy hook massacre used guns from his mothers arrest natural that makes firearms less likely to get to toddlers and cancel teens and closes the leadership such as a bayview of a woman to leave them around and theal shooting by children are undocumented and the safe storage law on the roster to insure sympathizer reasonably secure forbes in 2012 recorded a 3yearold can open guns those amendments lake the safe storage have consistent with the Second Amendment gun people can carry a loaded gun and assess it in the matter of seconds thank you supervisor mark farrells and the rest of the board for your consideration for this legislation. inaudible . At this time thank you colleagues is there a motion or discussion im sorry. Apologizes towards the City Attorney one clerical error. John gibner, deputy City Attorney on page 3 line 6 the word handgun is missing so after the committee sought this out well submit a clean version with error corrected its deleted basic in the wrong spot. Thank you, mr. Accept City Attorney motion supervisor peskin this is anonymous thank you okay mr. Clerk, call item 2. Item two resolution for an option agreement for the sale of block the northern one thirds by fulsome by the Successor Agency to the San FranciscoRedevelopment Agency to f four transbay partner, llc for 45 million thank you. I i believe that scott or ms. Sally from the occ to present on this item. Good afternoon, supervisors i have some copies of presentation for the supervisor as well as copies for the public thank you. Today to seek approval with the f four, llc for transbay block 4 for a sales privacy eve 45 millions and my that agenda for today is ill combgd on block 4 and parcel f another within the transbay project area that is related to the matter before you provides some of the terms of the option agreement and discuss the determination before the board a fair Market Analysis of the sales price of 45 million other considerations we look at during the staff analysis and finally some steps heres the map of the Transbay Development project area divided two zone one of the state owned parcels part of development of transbay the portion and block 4 as you can see right kiblgdz other than the righthand side if youre unanimous familiar with that neighborhood on the Transit Center bus terminal till taken up blocks 2, 3, 4 parcel f is adjacent to the trans center ill give you a little bit of background and block 4 in zone one of the project area under the occ land use jurisdiction with the temporary terminal zoned for a tower up to 4 hundred and 50 feet with adjacent midrise buildings that the townhomes and skoendz for residential use with the parking and will need to be a mixed income part of the requirements under the transbay project area the desire project area must insure that 35 percent are available for protecting and moderate based on the projects were working on now and upcoming pipeline within the district we estimate that 454 percent or approximately half of block 4 will need to be available in order to keep us on track with the 45 percent goal heres an example of massing not a project proposal ill go into we dont have the specifics were at option agreement stage based on the mapping residential Design Guidelines this is the favor what youll see in the tower with the rise building on the townhomes facing the transbay park this is our block 3 weve developed by at a future date as i mentioned parcel f is a t. J. Tjpa adjacent to the Transit Center and zoned for seven hundred and 50 feet zone two has land jurisdiction designated to the Planning Department through the designation as you are familiar with an option process with the tjpa undertook for parcel f for the procedures for the Transit Center ultimately 9 process was not held but United States tjpa continued to have negotiations with the prequalified birds one of the birds was urban pacific they brought on Hines Development upward with the salesfroce tower and Goldman Sachs fifth avenue for the tjpa financing so theyre familiar with the transbay area in the project they submitted angle over offer to the tjpa parcel f and block 4 sierra club seeing the two projects Work Together right now we know about project f as mixed use has has a hotel in the middle and residential at the top the tjpa board approved the purpose agreement with the developer for parcel if for 160 million for march the condition was there was an approval of the option on block 4 from occ so we negotiated that option agreement and which was approved by our commission the Purchase Price was 45 million it could be load through the negotiation in the wrong direction or if thats the case lower well come back for a fair market determination as i mentioned the site is on the location of the temporary Transit Center if for some reason the delays it is k9d for but the purpose must be equal or greater than fair market thats why were here before you the developer whether deposit 5 hundred thousand with occ with the approval that covers the costs with an option for another 100 percent thousands if we need the costs and most importantly the developer agreed to provide for 4 percent Affordable Housing in the project with no occ subsidy thats a significant friction our Commission Approved it on april 19th of this year, the other considerations that lasts until 2018 it gives over two years thats the average timeframe for any of the transbay blocks to move to the discipline process and oats new york city around the development and around that time well work to define the project the mass design and the fee and concerns something that includes approval over parcel f residential component assistance not within our purview of zone two goes to the Planning Department because of the amount of residential units it is important to understand how we meet the 45 requirement we have approve rights over that to know exactly how many units and what kind of housing one thing we anticipate both block four and parcel f they continue to refine to look at whether that makes sense or make sense to offsite any of the avenue to block 4 we know challenges and including Affordable Housing at the top of these tower so see if 0 block four is a better site we do know i want to flag about the possibility analyze it that is a proposal made well come back to the board with separate approval so youll be able to make your detectors at this time were requiring the developer bring on an Affordable Housing developer with experience and providing Affordable Housing of 45 percent Affordable Housing project is a significant amount we want to make sure youll see expertise we need one thing that was important for us to flag this is the beginning an option agreement we want to signal we have a couple of Community Benefit goals to work on this right now to incorporate the best practices and doing everything we can for the certificate of see corporations and the developers agreed that part of 500,000 deposit communitybased organization toward certificate of preference holders to make sure were learning what we can and providing the service for the housing but were seeking to develop a robust plan that includes moma the contracting opportunities for Small Businesses and economically disadvantaged San Francisco residents and businesses to make sure the empowering space there is ground floor retail and other xhernld used to make sure those are focused on the communities local nonprofits or Small Businesses, that would be provided belowmarketrate rates or other terms to help us improve the neighborhood that we can. So, now to the meat the fair market determination and so were required to have a determination made under state law under the health and safety code the property must be the considerations for the property must consist of fair market so we provided to you in our file what we call a section 443 report that includes the option agreement and an analysis in any cost the disprobation officer of lands does this disposition help to eliminate light yes and what the estimated value again since we dont have a specific project before you at this point we used perimeters to come up what we think a Hypothetical Development somewhere and did massing and estimate that around 5 hundred and 80 utilities plus for the tower and look at the 100 percent rental scenario all the units are offered at scenario a confined on other transbay blocks the top of the tower might include for sale marketrate homes and we looked at those are described go amongst the tower any subsidy it will be zero and what the revenues for each type of units and came up within an adjusted value and on the fair market of the lot and in the remedy scenario with an estimate of 18 want 6 million and on a reversal and centennial that was higher which assured us the offer of 45 million did in fact, meet the requirement of the marketrate with a strong requirement from the developer and staff feels confident we are achieving the sate mandate fair market so another consideration is this does facilitate the sale of parcel f that is critical of providing 47 percent of units at their costs which the highest on the transbay this is a significant Community Benefit, of course, all the other terms of the project with highway, traffic and safety will be worked in the disposition that goes back and forth who the developer and what their Design Concept and the Community Benefits and standard d da terms based on that staffs recommendation the option be approved i wanted to highlight we have reached out to the community this item was heard at the april transbay cac meeting and supportive and endorsed this with a couple of comments to ask us as and move forward with the Affordable Housing throughout the project there be consideration how transbay block 3 or the park wl be programmed that includes high quality chrjz programs and the project there be high quality with exterior and for the unit designs for the residents and so for the next steps the estimated timing from the board approves the option agreement with the tjpa and developer will close on parcel f in june and well spends the remainder of 2016 working with the Development Team to have their dispensary join the team with the concept and framing and get into the meat with the negotiations in 2017 and as an as i mentioned the terminal needs to be removed by the 2018 scheduled to open early 2018 that concludes my presentation. I have representatives of both the Development Team and the tjpa are here if you have my questions as well as myself. We have a couple of questions in the kind supervisor peskin. So relative to the 3 million from the 45, 52 million with the temporary terminal not abandoned by thirty june 2018 what is the timeline for the completion of transbay and the abandonment and demolition of temporary terminal. We anticipate the tear terminal will be off by that point, we have as i mentioned occ blocks on three and four and other timeframes you know for next steps other than to continue to work with to your knowledge but at this point we dont anticipate past that point is a caveat should it in the be a mechanism built into the agreement. Right i did descents on the vote this body loaned tjpa a quarter of a billion dollars to the extent the project continues to come in late and over budget it just gives me a heart burn to on intersections that might cost us an additional 3 million from 45 to 42 million i mean is there any arrangement arrangement if they fail that tjpa will reimbursement the city that 30 million. Well, ill turn to representatives the tjpa that are here to answer that question supervisor. Good afternoon, commissioners im mark intern executive director with the transbay joint powers authority. Whats your name. Mark. Mark. Youre the new executive director. Intern. Nice to meet you. Nice to meet you as well your currently schedule to open the Transit Center in 2017 we saw no reason youll not dedicate the parcel before 2018 were confident that land block 4 and 3 as well with the adjusted block that be available by 2018 for you have a 6 month cushion your telling us. Yes. If you fail inform perform. I will not fail to perform. Perfect thats a good answer, of course, your only the intern director. Not up to me. Thank you, supervisor wiener. Thank you, thank you for the presentation i thank you for this and it is exciting the project will go move forward and i on intersections the 4 percent affordable is terrific one thing i want to just get to classification, of course, nothing is free and so there is a you stated and also stated in the yeah in the presentation that theres no public subsidy to get to that 45 percent and so the 45 million Purchase Price that valuation that led to the purpose price was that 45 percent the or of the units will be belowmarketrate. Thats where we know the pipeline of projects in transbay we know that block 4 has to be 45 percent. Right in to make that fair market salutation the 45 percent affordability number was baked into that evaluation. Yeah. The communitybased allows for that consideration they call fair reuse a shorthand the fair market to take into account any restrictions. Im going to happy hazard a guess not 45 percent but to the esteem none of us want sold for marketrate with no or loans 12 percent whatever the minimum under the San Francisco law point evaluation of the property will be less than 45 percent. Yes. It has an impact. 42 or 45 percent is a higher evaluation he know that is how you phase it even though it is correct is occ is not cutting a check youre the public subsidy you can build more Affordable Housing but o