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This is 0 opted a planning code for incentive to correct construct and maintain developments in the eastern dog patch those will provide 2 add and 53 units of rental housing allows the project sponsor for exchange to enter into an agreement with the city all the units they be rentals for a period of thirty years for a reduction in impact fees we have kate connor to present on those 3 items kate would you like to present thank you very much good afternoon. Good afternoon kate connor Planning Department staff you have a agreement with the agreement between the Property Owners and the city to res...

Little bit of work to do this is too the city and ocii and the developer millennium and consistent with their entitlements construct and knee a condo interest in approximately 48 thoughts square feet across 4 floors of development and lower levels storage including the Historic Building all below the Historic Building above. Just to give you a sense of the massing of the project that depicts this development within the existing new construction and the residential blue above space will be built to specifications now in a Collaborative Design process tenant improvements from construction throug...

Architecture firm and those comprised of earth and peter and others together weve been hard at work to complete the conceptual designs and working in the Schematic Design face i want to recognize the excellent partnering our Development Partner who are building the bias of the 706 residential and Mexican Museum project and im pleased to report well be borrowing in conducting set to be the cornering obey turned over to a 2017 we be opening up in 2018 join us for the breaking ground in summary thank you for your support. Thank you very much roe better and others calling names . Greer. Good after...

The existing new construction and the residential blue above space will be built to specifications now in a Collaborative Design process tenant improvements from construction through more than 10 million in grant fund provide by ocii and an agreement from 2010 that covers the terms of the grant this as supervisor kim mentioned a 66 year lease with a 33 year renewal and responsible for the maintenance and operating costs there is no anticipated city expense associated with those this is a robust review and specifications for the build out embedded in the lease and further terms of the lease to ...

Were seeing in the Housing Market today particularly were producing a lot of a rentals i recognize the potential for the 20 percent reduction for housing for anyone that is right so ill wish supporting those two items today. Thank you very much lets go to Public Comment. Any Public Comment on item three and four. Seeing none, Public Comment is closed okay to colleagues seeing there no more discussion on the item may i have a motion to send those to the full board with a positive recommendation. Supervisor wiener. Thank you very much motion by supervisor wiener and seconded by supervisor kim we...