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Helpful relief during this period but our analysis at that time indicated that we needed more to avoid really Significant Service cuts streaming down the economy. We can never predict when that downturn will occur which is part of the challenge frankly a budget revenue projections but we do know that when it does occur, having adequate reserves help us carry us through to the extent possible. Although we have improved at this level indiscernible from a highlevel perspective the concern that creates for us and the mayor and the board in adopting this policy was the you have less money available...

Possible. Although we have improved at this level indiscernible from a highlevel perspective the concern that creates for us and the mayor and the board in adopting this policy was the you have less money available at the exact moment in time when the demand for Public Services tends to be the highest . When unemployment is higher . When the economy sucking down . I think that is what this reserve was intended to get to. We specifically commented on two different reserves, the litigation reserve and the benefits reserve and we continue to stay to the board of supervisors that there is the pote...

Resolution, 14. 01, the first of the year and is passes thank you. Item 7 a request approval of the operations agreement with the phillips 66 company, granting phillips 66 authority to operate the refinery site in rodeo, california as a Foreign Trade zone number 3 subzone site for term of five years and the three options to extend for five years each for outlining the conditions from the operation of the subzone site. Motion in so moved. Second. Any Public Comment . Seeing none, all in favor . Aye. Opposed . Abstaining . Resolutions 14. 01, carries. Item 8 a, request approval of the first amep...

Indication of the location of the water front site. Before you, it was an area view of pier 70. And the area for the water front site is the one indicated in blue. And here is the water front site itself. And you generally by the 20th street and michigan street, 22nd street, and San Francisco bay. My presentation that i am going to try to make it as brief as possible since all of the details are in the staff memorandum on this item. And a very quick product update, what is included in the proposed amendment to the exclusive negotiation agreement and in the steps. And since, the or since you ha...

And if you bear with me it is worth mention s what all has transspired in the two years that you two have served so generously and it is obviously has been an marque period in the celebration of the 150th anniversary and the 2013 and the long awaited cruise ship terminal and the warf and as well as the public realm on jefferson street, they are all achievements which were lost for generations and we also have been the beneficiaries of the bay lights on the bay bridge and the new floor up here and 16, and 17, and as well as some of the other really cool things that have happened. In the last tw...