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we have 10 years to pay it. >> we would negotiate with the other party. in some instances, we would want to push it out. in other instances, we would want to pay it up front. chairman nolan: we all understand that in no one here will we be paying $22 million. we would have the right to negotiate for that. >> installments, that is the state code. chairman nolan: i support it. questions or comments? lawyers, financial people? >> a motion to approve? chairman nolan: let's have a roll call on this. >> [roll call vote] 6-1. >> thank you for the diplomatic way you approach that with me. it...

miguel. commissioner miguel: from the rear of the proposed project to the rear of the backyard of the young lady's house -- [inaudible] >> the furthest rear of the project to the rear lot line is 52 feet. based on -- i will quickly bring up the aerial here. i have not spoken with our speaker previously. assuming that this is your property year, they -- here, they have a rear yard. it is the project's's rear yard. commissioner miguel: you could estimate that. thank you. i'm going to move not to take a yard. >> what is the height difference between the new structure and what was there ...

i am robert stephenson, the project manager with bridge housing. i had the great fortune of getting to work on the apartments with michael, chp, and other bridge staff. i have gotten to see the project into construction. on behalf of bridge housing and chp, i also want to thank a number of people who have made this day possible and worked extremely hard to get us to this milestone. i began working on the project barely six months ago. i inherited a team that has been truly a pleasure to work with. i cannot see you out there. you are somewhere out there. i appreciate you guys. this ha...

>> i am rich with enterprise community partners. it is a little disconcerting to be surrounded by barbed wire. [laughter] i was going to start by flipping a coin, but i figured only a portion of the audience would get the joke so i will not. i love the events like this. it is kind of a moment where there are no cost overruns, no change orders. there are no issues of tenants and property management. it is all wonderful. it is all a great project. i think we all need to -- it is a good idea to celebrate those moments as long as you possibly can. let me do my quick ad for ente...

[applause] >> my name is calvin welch. unaccustomed as i am to speaking with brevity in public, i have taken the opportunity to beat the bet that i cannot do this in two minutes. i have written my remarks. rene was part of a movement of community-based people committed to providing housing opportunities in san francisco. through his and others' efforts, 25,000 units a permanently affordable housing have been produced, a record unequaled in the united states. in the most expensive housing market in the country, providing such an opportunity is extremely difficult. it takes patience, d...