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next meeting. supervisor mark farrell: okay, we have a motion to continue this item to january 29th. chair make well thank you for being here as well. i look forward to talking to you about that in further detail. we ll accept that without opposition. madam clerk please go to item 1. the clerk: item 131193:agenda[sale of transferable development rights - war memorial complex - 301 and 401 van ness avenue]1311931.sponsors: mayor; chiu and wienerresolution authorizing the director of property to sell up to 1,100,000 gross square feet of transferable development rights tdrr from the war memorial complex, 301 and 401 van ness avenue, at fair market value; and to execute and record certificates of transfer and to take such additional actions as may be necessary to effectuate one or more tdr transfers in accordance with planning code, section 128 the clerk: sf 11234 supervisor mark farrell: okay, they very much, i believe mr. up dike is the speaker also on this item. than ....
looking more particularly at the submarket that is affected western so soem a. here you see a calculation for western soma $50.33 a square foot. this transaction is now at $38.50. for class a. all spaces at 45. so no matter what metric you choose, this is a favorable transaction in terms of the dollars per square foot that the city has negotiated at this location. in case you did not catch that on the chat. chart. sometimes they are small. overall rate is $59.01 citywide. we have an allowance provided by ownership here. in the amount of $24 million coming directly from the landlord. the actual cost to prepare the space for retirements needs will likely require another $1.1 million. that is addressed in the lease. we do have options on how we want to deal with that at the time that the final true up numbers of cost of tenant improvements are before us later this year, the next fiscal year in 14-15. we can pay that amount at once. we can choose to roll that into othe ....
interiors standards for rehabilitation and are those written into the amendments. here before you is one authorization to sell tdr from one various particular property. that property has gone through the regulatory process of review and any other bodies that would weigh in on any redevelopment of the veterans building. we feel we have already crossed over that bridge and accomplished those tasks. for that reason i believe we didn t write that. any code modifications the code requires returns. i think that s already covered in the regulatory body of work that s out there, although perhaps planning can add to that, but i think we ve covered that and completed the task and have their blessing. supervisor mark farrell: okay, no other questions. mr. rose can we go to your report, please. mr. chairman and committee i did summarize this report last week, i will go to the recommendation unless the committee has any questions. it is the same recommendation last week. page se ....
supervisor yee. our next is by supervisor cohen and myself. supervisor cohen do you want to make introductory comments. supervisor malia cohen: thank you very much. please come to the podium. thanks. so, happy mentor ship month, everyone. january is national mentor ship month and we are taking a moment to recognize big brothers and big sisters in the area. earlier today supervisor chiu ands i announced a partnership with big brothers and big sisters of the bay area to reduce, what is a travesty, a waiting list in san francisco of 83 students waiting to be partnered up with a mentor. our goal is to go from 83 to 0. no person can do this alone. the partnership brings together the government and the private sector together to satisfy this need. this lady that i brought up to the opposed the podium is kathy bella. she s going to talk about the mentor ship program and she ll talk about that. my program began in january at the library. out of the 83 students that are on the ....
house same call. this resolution is adopted. let s go to special commendation. let s go to supervisor yee. supervisor norman yee: thank you. today i m honoring an outstanding individual in district 7. mark christensen. please come to the podium. mark work tirelessly throughout the year with his neighborhood organization metna. which stands for merced extended triangle association to ensure his neighborhood gets the attention it deserves. besides supervisor avalos does anybody know where it is? when you come off the freeway on 280 going to 19th avenue, you shoot over the little triangle area. that s part of my district that hardly anybody knows about. but i do know and it has a nice supermarket area. due to mark s work it has not been totally forgotten. he works very hard to fill the unoccupied spaces on the mall and was successful in bringing the much needed grocery store at the time. mark is a driving force in recruiting many other people to get involved and work in a ....