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neighborhood cac on this committee, which is piloting this incredibly important financing tool in the rincon hill area. i think the policies that staff has developed in consultation with people like me representing the public are right on point. i think it is a great program. i would be remiss if i did not say in the context of being on the eastern neighborhood cac, i look forward in the not too distant future of working with this type of tool in the eastern neighborhood. i recognize the -- that rincon hill is a pilot area, but i hope we do not wait five years to be able to do this. ...

center be in there and also the financial district, the jobs being right there to walk to work -- the transit center being there. and children, there are kids living in the towers, and i assume there will be many more in the future. for them to be able to exercise and build their muscles is very important. the street scape is also important. supervisor kim has already mentioned that street safety is very important. speaking of cookies, we make a lot of cookies in rincon hill. it provides millions in property taxes every year. we are just looking for a little bit of reinvestment in ou...

i would be remiss if i did not say in the context of being on the eastern neighborhood cac, i look forward in the not too distant future of working with this type of tool in the eastern neighborhood. i recognize the -- that rincon hill is a pilot area, but i hope we do not wait five years to be able to do this. this is a growth area for san francisco. private sector development for close to 30 years now. i can tell you that when cities showed a commitment to infrastructure, that sense -- sends an important message for growth, and in that sense, i will be pushing with my fellow neighb...

it. that is an important point. we have a choice as to how we allocate the increment. one is to flow into a special fund managed by the board. the other was to have it flow by default into the general fund and have the board at every annual budget decide how much it wanted to appropriate to the ifd. either way, we have an accounting mechanism in place that tells us how much is being generated. either scenario, the board would retain full discretion over the money. you do not lose control of the enough once the board commits to the bond issue, of course, some portion of that would be ...

we continued to refine the draft policies, and i wanted to provide this in context. when we originally discussed launching a pilot project, it was always in the context of having draft policies to guide the future use in the city, and our intention is we hope to be able to use this tool in other appropriate areas, which may include some of the existing neighborhood plans like market and octavia, or the eastern neighborhood or the west side of the city. these criteria that i'm going to present our the culmination of a conversation that began almost six months ago with key agencies, an...