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That well take that without objection. Thank you. Clerk linda wong call the first item number one is the resolution to approve the new contract modifications to Security Services for the Human Services agency for february 2014 to january 2015 in the amount of 189. 8 million. We have mr. David the ceo ceo good morning. Im the director of contracts and facilities in way of background this is one of the larger Security Guard contracts in the city this particular one has been highly competitive in an city thats very expensive im sure supervisor avalos reminds in 2009 when guards mark got this contract we are before you in early 2013 requesting a two month expectation to complete the procurement progress we put out our bid in august of 2012 we having had 10 recipients was one disqualified we scored 8g9 and can be with a gr ....
Following board approval. This is acquired by the city from cal trans under a cooperative agreement in 2001. This is about twothirds of an acre in size. We have disposed in the budget Analyst Report in total including some along the way generating almost 47 million that returns back into some projects under those conditions. This project is subject to a 50year lease with 49 years in options and those are suggest to sf usd and was held by sf usd inherent by the city of a new landlord acquired the property from cal trans. The interest in the property has been determined to be the amount noted here for 4. 5 4. 5 million. One is what was the rent projection to be paid for this School District lease over the parking lot and how its discount to present value. Thats 2. 3 million of that value and what is the property worth at the end of the lease term in 62 years and how we revert ....
Looking the entire transaction and bringing the entire transaction back. That would be the only concern. So ultimately as is you are okay with it . Yes. As long as we can bring the agreement at the same time we are bringing the rest of the transaction. Okay. The answer to any city attorney, any dispute over that . No. We are saying to amend it to the agreement. Okay. At this point lets open up to Public Comment. Is there any additional Public Comment . Seeing none, Public Comment is closed. Let me just clarify, i know kevin and others know how urgent it is to develop projects and especially for Housing Trust fund to really kick start the development of much much needing affordable housing. You are saying you are okay with the budget analyst to recommend that we amend ....
This is the cbs evening news. Mason this is our western edition. Im anthony mason. We begin with breaking news. A wildfire is threatening homes tonight in southern california. Its one of more than 20 large fires burning in the west. Fire crews are hampered by high winds and dry conditions. Jaimy yuccas has the latest. You can see right now that Fire Protection is happening on a number of homes here in the burbank area. 60 to 70 homeowners had to evacuate their homes. You can hear the helicopters up above right now too. There is at least three or four different fire helicopters that are dumping water in specific areas. That is because there brush fire grew very, very quickly on the side of the hill here. That hot spot very close to those homes. Excellent drop, take a look at that. It was a wet winter and many people thought we wouldnt have as bad a fire season. Lets go down and take a look at what is happening down here. You can s ....