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Welcome to the tuesday february 9there is echo on this. February 9, 2016 meeting of the finance committee of transportation authority. Im eric mar and to my right is london greedbreed and to my left is norman yee. The clerk is steve stomose and being broadcast today by [inaudible] and charles kremenak. Any announce mentds no announcement; breed present. Campos, absent. Commissioner kim, absent. Commissioner mar, present. Commissioner yee, present. We have quorum. I forgot to say [inaudible] happy year the mungy everyone. Please call the next item consent calendar items 2 to 3 are considered ro...

But generally its not fine. High fees can i have Marginal Development and thats the development we want the most, stuff that happens at the beginning of the cycle aka the end of the recession when people most need jobs and in the neighborhoods and low profit margin and projects at the end of the cycle and wind up being sold when they open at the bottom for a third off. Those are the most delicate projects and those are harm and when you willynilly set the fees too high and thats what i am really keen on you know based this on the Feasibility Analysis and its true that the Feasibility Analysis ...

Items on the special committee is related but we will call them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibility studies. We have staff here. We will have this presentation and if you get the powerpoint on the screen thank you. I want to be very clear the clear of this Initiative Ordinance is establish a pathway to maximize the amount of Affo...

And electronic devices. Completed speaker cards and files somebody submitted to the clerk. Thank you and i know both items on the special committee is related but we will call them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibility studies. We have staff here. We will have this presentation and if you get the powerpoint on the screen thank you....

Them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibility studies. We have staff here. We will have this presentation and if you get the powerpoint on the screen thank you. I want to be very clear the clear of this Initiative Ordinance is establish a pathway to maximize the amount of Affordable Housing that the city can require of developers. The...