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The property. We cant enter the home. The only appraisal available to us would be a drive by. There are some limitations on assessing a complete value of the property not knowing whats interested or what sort of problems there maybe . Thats correct. Gentlemen, what happens to your entire rate of return . It declines. Well, its unknown. It very much depends on the path of future price appreciation in San Francisco. Suppose that rate is very stable over a reasonable time period is is the rate of return does decline over time because that embedded gain of about 55 is that now gets amortized over ...

The property. We cant walk onto the property. We cant enter the home. The only appraisal available to us would be a drive by. There are some limitations on assessing a complete value of the property not knowing whats interested or what sort of problems there maybe . Thats correct. Gentlemen, what happens to your entire rate of return . It declines. Well, its unknown. It very much depends on the path of future price appreciation in San Francisco. Suppose that rate is very stable over a reasonable time period is is the rate of return does decline over time because that embedded gain of about 55 ...

Commissioner bridges has indicated she is on her way. Commissioner driscoll. Commissioner makras will not be present. Commissioner meiberger is out of the country. Commissioner paskin jordan. Present mpt commissioner stansbury item 3 general Public Comment. Thank you. Speak into the m ic. Sorry i couldnt help myself, you always say it, i had to say it to you. [inaudible] good afternoon commissioners. Im patrick [inaudible]. Executive director hish to hand a verbatim transscript of last months meeting. [inaudible] i testified july 8, [inaudible] should table the [inaudible] investment. Mrs. [in...

Good afternoon ladies and gentlemen, id like to call the meeting to order. Good afternoon. Welcome this is the this is the regular meeting of the fullfledged Board Meeting for the sfers sfers to my left is vice chair brian and please rise and join me by placing our raise your hand over our hearted for the pledge of allegiance pledge of allegiance pledge of allegiance the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you mr. Clerk good afternoon call the roll that commissioner cohen commissioner bridges commissioner casciato commissione...

Town not expected today and commissioner paskinjordan commissioner stansbury we have quorum can you call item 3. Closed session an action item thank you very much lets see go ahead to take Public Comment seeing none, Public Comment is closed. Ladies and gentlemen, were going to go into closed session and resume at the 2 30 thank you. All right. Good afternoon, everybody were ready to resume id like to take a motion not to disclose what was discussed in closed session. So moved. Thank you, thank you motion made by commissioner stansbury and seconded by commissioner driscoll i want to recognize ...