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And i want to thank the San Francisco gtv staff for the coverage of this meeting. Madam clerk, if you can please call item number two, roll call. Supervisor avalos, absent. Supervisor olague. Here. Supervisor im sorry, commissioner schmeltzer. Here. Commissioner mar. Commissioner pimentel absent. Chairperson campos. Present. Mr. Chair, there is a quorum. Item two approval from the minutes from the regular meeting and november 30 joint meeting with the San Francisco Public Utilities commission. Great. Before we take action on this item i would like to open it up for Public Comment. If there is ...

Reap the maximum benefit is that we are prizing the lapped and the finished parcels after the entitlement and infrastructure and that is a ready to go parcel and create the maximum value and subject to market timing risks which is something that we need to consider and we are not trying to set the value now or to speculate to the spakt value we are trying to create a maximum opportunity for the port to get that value. The normal and deal very normally would involve an early sale, or option, that is not the structure that we have put forward. Other principles are for the port to continue to hav...

We have been even prior to that actively looking at different sustainability measures that will conform the eco district including centralized Waste Collection and things of that nature and the think that the recognition of the planning is encouraging. And so we are exploring as many options as we can to make this site a model for the city and a model for other developments. Of course, the project will be built with a comprehensive traffic demand management plan. I think that we as mike mentioned we benefit from Peter Alberts work on the water front assessment which is helping to inform the tr...

Agency and so that is one of the main reasons that we are trying to do this. Before i move on to port rent, i want to talk about the numbers behind what we think that the infrastructure and costs will be and the source of the funds, if you will. To get this month ject done right now when we look at the project per form a analysis, it looks like there will be 100 million of the developer that will be needed to get the project done, this is a lot of at risk money, 15 million of that will be happened in the predevelopment phase and that is very risky money and we have as phil as pointed out and n...

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