Thank you, maam vice chair the first order of business. Commissioner aqunio present. Commissioner drew present. And chair brackett it absent and commissioner lim we have quorum. The the next order of business is item business is item regularly scheduled Commission Meeting will be held in person on tuesday,april 16, 2024, at 1 00 pm, at city hall in room 416. The ringing of and use of cell phones, pagers and similar sound producing Electronic Devices are prohibited at this meeting. Please be advised that the person s responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Of the public who are attending the meeting in person fill out a speaker card and submit the completed card to the commission secretary. Of the public who are attending the meeting in person fill out a speaker card and submit the completed card to the commission secretary. Phone number 1 415 6550001 access code 2663 029 5657 when you dial star 3 you have raised your hand, please wait until the host calls on you when you hear the line is unmuted provide your Public Comment limited to 3 minutes per speaker and youll be placed on mute once youre done speaking you can stay on line and listen and providing Public Comment call the Public Comment line ahead of time to listen live and from experiencing delays. The next order of business is. 3. Report on actions taken at previous closed session meeting, if any. The next order of business is 4. 4. Matters of Unfinished Business none. Listed hereunder constitute a Consent Agenda, are considered to be routine by the commission, and will be acted upon by single vote of the commission. 5. A. Approval of minutes regular meeting of march 19, 2024. Madam vice chair. Madam secretary do we have anyone in the public when wishes to provide a comment . Call. Phone number 1 415 6550001 access code 2663 029 5657 you 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. Would anyone like to provide comments . Please come up to the podium at this time. And 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. Hearing no future requests Public Comment is closed and commissioners can i get motion for these consent items. Yes. Id like to make a motion to approve the Consent Agenda i second the Consent Agenda. Madam secretary take roll. Commissioner aqunio, yes. Commissioner drew, yes. Commissioner lim is absent. Vice chair ransomscott, yes. And two votes is and two absent. Okay. And madam secretary call the next item. Next the. 5. B. Workshop on ociis budget for the period july 1, 2024, through june 30, 2025 discussion executor director kasiofsky. Thank you, madam secretary. And greetings commissioners and members of the public today is a presentation on the agency role annual districts administered by the Successor Agency to the Redevelopment Agency of the city and county of San Francisco discussion and also on today at the end hear about the budget in actually between you and the project and finance manager. Thank you. Thank you, director. Good afternoon, vice chair ransomscott im here with the project manager to present the workshop on our budget for budget for 24 too high. So we prepared our budget with the mission and strategic goals and a mission bay and candle stick point with Affordable Housing and create Public Infrastructure and open spaces an opportunity for businesses and workers on completion we built 122 though new Affordable Housing and park and open space and 13 million square foot of commercial space in 24 25 complete mission bay for the parks and transbay and begin the hostage in the ship yard and at mission bay continue in transbay and on three projects. And this is just a reminder of our budget process. Um, for budget is based on the state or recognize the obligation and present the ropg from our Oversight Board and going to the review with the department of finance and we dont anticipate any major changes should there be my well incorporate that bro before you in the two week and submit this to the mayor and the board of supervisors. So this table provides an overview of the 24 25 budget is 682. 4 million Alderman King the lefthand turn are the projects areas across the top property taxes is in the areas and have bonds and have that includes billings and reimbursement and owed these are hotel and balances if fund we have on hand budget for the first time in the upcoming budget year and prior period before you an expenditure from prior years and as you can see the table that our latter source in the authority of 306 million half of the budget and then the lather is transbay at 383. 7 for the parks and Affordable Housing projects. So this table shows our 24 25 budget year and 684. 2 and largest is the authority. And this table provides some context for the budget requests and to the prior year our budget request is 27. 3 million less and um, we can go down the list with the property tax have to the debt schedule and bonds two new bonds we issued and developer payments an increase due to fees were accepting for the Affordable Housing projects and our oat funds are increasing on work for the c s p with the taxes and to place the totality of the proceeds in the budget as you can see a difference of 98. 1 ferry the 2016 and were continuing to extend on projects into the current year in the shift from the fund balance is prior rustling of papers. this table shows you our budget by the types we escaped for the expenditures and problematic expenditures as you can see the Laboratory Use for the Affordable Housing 24. 9 million and followed by one hundred and 70. 4 million the operating budget is a total of the expenditures. This table is to provide context for our expenditure side again from the 27. 3 million and primary due to the technical requirement for the proceeds in the prior year as you can see that change in that row. Additional spending down on the Infrastructure Projects and im going to turn it over to mark. Good afternoon, vice chair ransomscott and commissioners im the Deputy Director and doing the budget for mission bay. The first one for mission bay north and south. The total budget for mission bay north and south the majority of funds 32. 6 for construction work will be finishing up in 2022 serving work on 2019 and king intersection and mission bay north and the stormwater pump station in Mission Bay South it covers the staff work for overseeing and professional simplest majority for the Infrastructure Task force with Public Utilities commission and also the mta and and finally, a public art project know built in p2 asking for one Million Dollars. The use from the budget um, will be pilot and payment developer payments. And will be preliminary plan use for the pilot used for the staffing and supportive expenses and using a developer fee for reimburse us for professional services as well as infrastructure costs and second one of the bond proceeds we expect to pay down the bonds so 18. 3 for the infrastructure. And using property taxes 5 million of the property tax will be this years this coming years property taxes increment for Mission Bay South spending down the bonds and for mission bay noting will be the remainder and a Million Dollars in the inlieu fees for the park project. Here we have pictures of the rp 2 and 8 were going to begin construction later on this year and looking entitlements and on owens finishing up the defining of fiscal year and have p open in the fall of this year. And Affordable Housing in mission bay the majority will be between 5 million spent to finish up the Mission Bay South 9 a project a operational project and we will be using funds for predevelopment we issued an rfq and have budgeting funds. For transbay the total budget is 152. 1 million the majority of that can be for developing infrastructure, and final reimbursement for the streetscape and for the construction at the Infrastructure Projects. Not all of those funds will be fully expend but the truth for the ability of all those projects able to go through and schedule and biggest tax increment the property taxes going through for the t gpa. Staffing were going to use one . 3 million and 1. 2 million for professional services with task force and also transbay we have a couple of projects like open space in the temporarily terminal with contractors that are serving those properties. For the bond proceeds the prominent amount and developer payments for staffing, and professional services and a little bit for legal fees and other prominently the from on the bond proceeds but also park fees that the Developers Pay so that totals 9. 5 million and for property taxes small amounts for the development and staffing but prominently maximum of property taxes for the t gpa. Here as you can see the box on the top left and the park on the top right and bottom right and the activation within p3. For the Affordable Housing projects in transbay exciting we are seeing the development at the grooub groundbreaking 61 . 9 million and before you next with 69. 2 million and have predevelopment money for block 123. 5 and transbay block the project is on hold with the marketrate by budget the 97 million in case the project communitybased Organization Forward and plenty of the money for the Affordable Housing project. Next up my colleague for the shipyard. Hello commissioners. Im willing la senior project manager for the Hunters Point and here for the budget for Hunters Point shipyard candle stick point. Phase one and phase two and the first category in the largest category in permit review. Um, this is because of stage of the project where we are at at a more of a planning stage for phase two and have funds in reserve to work with the City Departments on upcoming planning work for at candle stick point and have funds to work with Public Utilities commission and the city to work on street acceptance and with transferring the remaining and in addition have work going on is three Affordable Housing blocks at on phase one. And that is includes also budget working with City Departments we also later on today ill be presenting the community bent legacy cash on hand have a detailed presentation but one . 8 million and working with the legacy to spend a significant portion and others in the reserve at the time when phase two continued to move forward. Then have um, on the reimbursement to the phase two developer this part of costs to disposition and Development Agreement on ship yard two to pay the tax increment to reimburse the developer for costs and finally, are lease payment that are leases with the artists on ship yeartodate and icc and have payment from the artist and pass that on to have the budget of project areas and again, it is the stage of our project and 15. 1 million and the primary source it the developer reimbursement at large no little and there is um, no tax increments taking on phase one that is a source of table that covers the costs of 306 million which includes also um, the admin of the project staff that worked on the project and have our Legal Services um, to help us work on the reaching transaction and funds for planning and infrastructure. And um, again, we have a grant for Community Development and the payments to the agency. rustling of papers. there to the navy agency. The last slide oh, heres the project photos two parts we are working on with with the master developer to transfer if the they completed the parks close to issuing the certificate of completion and also to work with rec and park this year to transfer our assets to rec and park as part of the solution and icc Property Management plan. Okay. Now the Affordable Housing slide that includes the projects at phase one as well as phase two and in our Hunters Point shipyard spending down the loan for three parcels and phase one together that fund is 85 units that are manager units and have been completed in spring of 2025 and also include the potential for predevelopment for block three 8 with two blocks and block 38 moved well solicit a developer for this upcoming fiscal year and would some of that to conclude those two blocks and part of replacement to conclude replacement housing funds to cover the costs of gap one for those to blocks and they and have predevelopment funds on project we worked on at candle stick point once well know well begin to start bringing those funds ambassador predevelopment to construct the two projects previously approved by the commission. With that, im going to turn it over to my colleague for replacement housing. Hello, again. Mark Deputy Director for replacement housing to recap 59 three replacement housing legislation that allows icc for a tax increment to fund and develop up to 5 hundred plus units to be rarpd for the Redevelopment Agency were asking for 700,000 that compromised of three hundred thousands of tax increment and 4 hundred well be using those funds. A couple of areas a portion for Environmental Impact report in mission bay and a chance because of bill 14 three 9 for ceqa we may not be spending all the money we are looking at that for the Environmental Impact report and also be using this money for staff time and for Environmental Impact report as well as putting together a bond our goal next year to putting together and bill to finance the replacement housing with projects in mission bay as well as potential projects in the western edition. So this is the first step on a long road of replacement housing were very excited about it. Um, so our debt program is one hundred 10 reflects the costs for the debt service and bond proceeds for the bonds paid out of reserve and the other reflective the Hotel Occupancy bonds. And for salaries and 55 ftes and then there are um, the slide says 15 vacancies we have 20 vacancies and 5 actively recruited and cora is three hundred 4 percent and 8 plus Million Dollars for the City Department work order and software and insurance, etc. And three hundred 8 in the retirement obligation. And this slide provides your rear context for the operating costs an increase of 1 million and half of the slides on the bottom is the change of uses and a cost of living increase for the salaries and benefits and that cost of living is our nonlabor increases and under retirement pension are determined by the actuary schedule and in terms how were funding the operation in the prior year we relied on the Development Reimbursement but in the upcoming fiscal year some of this is shifting to a greater residence an property taxes and the bayview Hunters Point procedures for projects. And im going to turn it over to monica for our operations. Good afternoon monica h. R. Manager and Administrator Service manager to to highlight in the coming fiscal years so our slide identifies key takes we want to improve effectiveness and efficiency of it infrastructure and particularly related to the payroll and systems, our essential database and management it becoming end of life access end of life and digitizes your mic to build the infrastructure for requests more information and public records request. Um, the auto mansion is the support of our organization in and our staff. And also for the website update were basically refocusing on updating our consent and also elevating some of the replacement housing to be decided and any other types call to actions as that relates to connecting about Affordable Housing lease Affordable Housing opportunities. So we want to elevate that on our site moving forward. Apologizes. So also related to operations what i like to call our Organizational Development so um, which about cultivating and Community Within our organization. Um, as were post the height of pandemic and working in hybrid it is important it is intentional on building a cohesive environment and to make sure our culture is strong to that end had march 2nd to have our first um,