>> meeting of january 10, 2024 at this time. >> great, thank you. madam secretary. i would like to wish everybody in the room as well as on the phone, or whatever, a happy new year. and i will say that i'm looking forward to some accomplishments on the to-do list which our ceo and cio has given us as a pass way on items that we want to address in 2024. so i look forward to everybody's patience and interest in this. what, do you want to calle rot madam secretary. >> mr. tomas. >> present.

>> president heldfond. >> present. >> mr. driscoll. >> present. >> thank you, we have a quorum. >> madam secretary do you want it call the next item. >> item number 2, communications. we welcome the public's participation during public comment. there will be an opportunity to for public comment at this meet anding there will be an opportunity to comment on each discussion or action item on the agenda. each comment is limited to 2 minutes. public comment will be taken in-person and remotely by call-in. for each item the board will take public comment first for people attending the meeting in-person. comments or opportunity to sfaek during the public comment period are available via phone by calling 415-655-0001 access

code 2662, 9954743 and pound and pound again wh. connected you will here the meeting discussions but you will be muted and in linsing mode only. when your item of interest comes up, press three to be put into speaker line. speak clearly and slowly and turn down your tv, radio or computer. please note that city policies along with fed cal state prohibit harassing conduct against city employees and others during public meeting and will not be toll rated. more over public comment is permitted only on matters within the jurisdiction of this meeting body. we thank you for joining us. >> thank you, madam secretary. do you want to call the next item. >> item number 3, general public comment. a remiepder that public comment is limited to two minutes.

do we have any, i don't see any in-person public comment. a reminder to any callers to please press star-3 to be added to the queue. moderaters are there any callers on the line? >> madam secretary, there are no callers on the line. >> thank you, hearing no callers,ing public comment is now closed. >> okay, now allison, do you want to make that announcement or do you want me to do it now. >> i was going to start the ceo report. >> all the way to the end. >> it's in the middle i think, either way. >> on that one item, what is that? i think? >> what are we doing, are we going out of order? i think it's on the agenda. >> no, i'm going to give an announcement. >> an announcement, got it. >> i'll do it.

commissioners, safai, supervisor safai has had his term expire as a board of supervisors on this board as per provided by, the rules of order. and he is being being placed by supervisor inguardio and he'll be sworn in time in the near future which our ceo will organize, do you have any comment? any comment on that? >> thank you, president heldfond, yes we've been in contact with them to proceed with a swearing in. and we'll begin on boarding process. i would like to thank commissioner safai for his service over the past few years. it was an honor to work with

him. he served the board well and served the beneficiaries well. >> great. and is there anything that we can put in print or whatever and anything we put out? we can talk about it though. i would like to also indicate that, that our ceo and is visited and had a pleasant meeting with the subject with supervisor peskin. and president peskin, he was, he did cooperate in terms of the discussion and in terms of the outcome. so i thank you. so let's move to the next item, please. >> thank you, item number 4, action item approval of minutes of december 13, 2023 retirement

board meeting. >> mr. president, i move that we adopt the meeting of december meeting. >> second. >> okay, it's, let's have public comment please. >> we have no in-person public comment on this item. moderator, do we have any callers on the line? >> madam secretary, there are no callers on the line. >> thank you, hearing no callers, public comment is now closed. >> okay, it's been moved by commissioner bridges and seconded by commissioner driscol. aye. >> aye. >> those opposed. motion passes. >> item number 5, action item consent calendar. >> commissioner, motion. >> move adopt i submit it. >> second.

>> great. >> madam secretary, do you want to call public comment. >> we have no in-person public comment. moderator are there any callers on the line. >> madam secretary, there are no callers on the line. >> thank you, hearing no calls, public comment is now closed. >> it's been moved and seconded. all those in favor, say aye. >> aye. >> those opposed. motion passes. next item. >> item number *6, action item review and acceptance of the gas 67-68 report as of june 30, 20 if. >> --2023. >> we should not get comfortable that this is not going to be order type of agenda. i guarantee you, we will pay next month. and that leads to a comment i would like to. i really like the recording.

you do a great recording. and anyhow, we'll turn it over to you. >> thank you. good morning, commissioners. today we ask that you accept the june 30, 2023 gaspe 67-er 68 report. this report contains financial disclosures recovered by the board and you will see these disclosures in our audited financial statement sxz our year-end annual report. i'm happy to fill any questions that the board may have on this report. >> commissioners? any questions or comments? motion? >> question. >> okay. >> the recovering memo for the report, to include the school district use this report,

they're required to use the report, correct? >> that's correct. >> what is the big deal of this report that is general rated covered based on what we do here, in terms of how the college district and the courts have to operate? >> sure, so the net pension liability is 3.6 billion dollars as calculated under gaspe and the employers will be reporting their portion because they lose a lagged measurement date so. for the city, that means they will be reporting in their annual comprehensive report a net pension liability for this particular pension plan because they have other pension plans that they sponsor, about 3.5 billion dollars. there were other techniques

that we're allowed to use. this information is a snap shot in terms of liabilities, total liabilities and how that affects the city's total financial picture, not just contribution. >> that's correct. >> so i make this point how we're affected bit city. but this is based on the results that we have achieved is an accounting number that the city has to use that affects their budget and when they go to go borrow money, it affects their credit rating, it's a important connection. >> it's also how services. >> absolutely. they got to be there, what is the reserve for the retirement that they have to deal with. and it does, it all falls into the city, it is one of the arms into the city.

>> god nose, the school district does not need--[indiscernible]. this is an action item. >> i move acceptance of the report. >> second. >> okay, public comment please. >> we have no in-person public comment on this item. moderator do we have any callers on the line? >> madam secretary, there are no callers on the line. >> thank you, hearing no calls, public comment is now closed. >> okay, it's been moved and seconded, those in favor say aye. >> aye. >> aye. >> aye. >> those opposed? okay, motion passes and thank you. >> thank you. >> really, it's a lot of work, thank you. next item please? >> item number 7, discussion item, chief executive officer's report.

>> commissioners, i'll highlight two topics today. one the forward calendar and 2 an update on the spurs lease. with respect to the forward calendar what you'll see in the materials is we've updated the full calendar year of meetings, previously this had been through june. through time to time, i've gotten some feedback that the commissioners need a better sense of what is coming. this is always been part of the document but the board materials but i do want to highlight it so you can always refer back to that if you have questions as to what is coming up. for the most part, we stick to it sometimes of timing and other things and some things like shift. i work directly with the board president for the terms of reference each month of the agenda. but, you can see in here, that we do have the year planned out and to president's point, february will be a very full

agenda primarily topics include actual items, budget, proxy voting and results of a governorance survey. i did try to move things to this month but it could not happen. so we're a little lopsided but i really wanted to highlight that february will be full so you can plan accordingly. we also have coming up on january 31, the investment committee meeting, these are also very important. we'll cover the budget and the ups oversight meeting along with the presentation of the audited financials, and the ic meeting will do what, sorry wilshire will prevent capitol assumptions which will be a key. i look forward to having all the commissioners participate in that meeting. update on our location and want to provide us update in advance

of budget season, which we're in the midst of. as we talked in the past, it was prudent for us to evaluate the options. we prioritize a number of items. one we want to be a location that is easily accessible by staff, by our vendors, by our staff. we want to accommodate our current team and plan near growth. we want to be cost affective and want to be a layout conducive how we do business. with all of that in mind, we've identified property and discussions important to note for this board that we are working in partnership with the real estate department in the required folks throughout the city to make this happen. the lease will ultimately have to go through the board of supervisors for approval. the lease is in, it's in the city's name and we have to follow those processes.

but that is is the update, there will be more to come as we get further through the process. but wanted to make sure you were up to speed where we are and this may have some implication on the budget as we get further to negotiating that, please. any questions on the calendar or the lease. >> i would like to make a comment, elaborate on the last item. i, staff has done and lead by our ceo has done really well taught out process and to maximize what we're going to end up with space. obviously, we face some head winds in terms of the climate in san francisco, and all of that stuff and we, it was, it need to be said over and over again that and i'm going to say it over and over again here,

that the decision tree for this was not, the streets, the whatever, those were incidental decisions points that we, that we have addressed also. but the main reason are economic drivers. and as we know, people are leaving, read the section, people are moving and the like. and they're taking advantage of the economic advantage of the bad. and so, we, we thought we had a fiduciary responsibility to maximize our spend and we proved that out. we made our case, our ceo made a wonderful deck that started the process out with the mayor's office which we had to get signed up, get some agreement with.

which in turn brought in a former commissioner of ours, carmen chu. and as a chief administrative officer who handles real estate. i will put a pa rin thet cal statement, that the way, we are sort of corralled in handling our real estate decisions is, is questionable. i mean, we're not masters of our own destiny on our balance sheet. where we have the fiduciary responsibility and that's, that's our destiny. but through all that, there is we bullet a lot of consensus, we worked with the mayor's office. the real estate and i think i'm

looking forward to close deal. and i thank everybody including our constituentcy and maybe they will feel better that they will come in and see what decisions we're making on the money. so that's the only comment i want. i really want to thank staff and the hours that have gone into this in terms of doing space bind anding let's keep our fingers crossed if this comes over the goal line. that's it. >> i assume there will be some interior design issues, not now but you'll be open to suggestions? because i've been to a few other place to see make comparisons in terms of making it nice, but for the members who come down here once or twice in nr career.

>> yeah, as president alluded to, and one of the key is to make this conducive for our vendors. sxl that goes into the design. >> i'll forward my suggestions. thank you. >> okay. well actually, this should be, tacked on. we're talking about a 35 billion dollars pension fund which is, which is close to fully funded. it's in the top percentile in the country and we need to look like it. this gives us the window and time to really, buff up our arrangement so to speak. we'll get a new set of clothes and it's exciting. all right, any further comment on it? no?

okay, that was a discussion item. no, have we, we have not done public comment, yet, thank you. >> we have no in-person public comment in the item. moderator is there any callers on the line? >> madam secretary, there are no callers on the line. >> thank you, hearing no calls, public comment is now closed. >> i cannot believe it, 25 minutes after. i can actually go to lunch that i want today go to. next item please. >> thank you, item number 8, discussion item san francisco to bert conversation. report. >> good morning, commissioners. i don't think i have said that ever. we have a light agenda as president heldfond had alluded

to. as provided in your materials, you have your monthly activity report that shows the cash flow performance and flow graphic situation. sfdcp crediting rate has increased to 3.01 percent. this is an 11-bit increase. the key one is based on portfolio use and during that period, it rows from 1.4 to 4 5* .45 in addition the rate was held steady and that increased from 93% to 93.2 percent. both of these factors contributed to the higher declared rate and it is guaranteed for all of q1 and will be reset for qeii. from a marketing update, we're working on finalizing the communication timeline for 2024. you will see more details in the quarter update that we will

provide for you next month. but in short this year's messaging will include some targeted messaging across 5 different cohorts in addition to general fund changes and security month. also for your reference, i've included our newsletter this was sent via email on december 19th and received a near 66% open rate and 6 percent conversion rate. these numbers are incredible, they are the best in the industry including government notices that usually have the highest engagement. and finally we continue to make end roads with departmental support, dhr included a reference to the increase in irs limits for 2024, they included that in their december newsletter. and in hss, their news let thaer was received this week,

the executive director abby included a reference to the sfdcp and importance of contributing to it. she sited that retiree often understatement healthcare costs and premiums in retirement and benefits do not cover dental so. she wanted to encourage people to put money aside in advance of retirement and finally, one personnel update. we are delight today welcome rachel lum comes to us from a aid from the controllers office. so she is familiar with the lost and she is looking forward to join the small but mightly and we look forward to work with her. i'm happy to answer any questions. >> i have one general question.

thanks for the great report, a lot of positive numbers. numbers going up is a good indicator. before our next differed meeting, i think it goes through planned sponsor, excuse me for not having the specific. but they're having another couple of hour web ner where the focus is on financial wellness and the definitions of successful program. most of that is geared with the afternoon citizens that may or may not have a 401 plan. the question is, we've never really sat down yet and talked about success definition, for the comp program, 1. 2, when wre tain tiro to be our new designer and operator, they

changed or we adopted a change in the concept of what will be the replacement income. so we've debated but never came up with numbers. my point being leads to the question, would you any of your staff, would be willing to listen to the webinar and i'm sorry i don't know the day or time so maybe you can pickup on some ideas that would then lead us to maybe not just how we change our mission statement but what is our definition of success for the differed comp program? which is in one or two ways, different than their benefit plan? >> thank you, i would recommend that we follow-up with you and understand and get detailed and plan accordly. >> it applies to all of us. thank you.

>> thank you. any questions or comments? thank you. >> thank you. >> so we have no in-person public comment on this item. moderator. do we have any callers on the line. >> we have no callers on the line. >> thank you, hearing no calls, public comment is closed. thank you. >> next item. >> item number 9, discussion item, chief investment officers report. >> okay, this was, this particular, it was in your packet so. >> commissioners, i have three topics to cover in the cio report today. first i'll make a few points on performance, in particularly performance relative to the

total benchmark, i'll provide an update of where we are relative to our new return guidelines. and as usual, will read into the record, the quote fields and in in case, terminations that we made since we last met. on the performance slides, flipping to slide 4, estimated performance for the calendar year to date is 9.2 percent. as you all know, equity markets bounce back in a big way in the calendar year and that was a big driver of the calendar year returns. but it's also worth noting that private credit also nicely contributed to performance. if you know, we try not to get caught up too much in short performance we're also providing you in short-term. and that is on slide 5.

again, reiterating here, this is estimated, numbers but our estimated 3-year performance 6.3 percent and that is under the long term actual rate of return 7.2 percent. broadly, that is a result of relatively low equity returns over 3 years, you can see here public equity delivering 1.8 percent. we'll get a little bit more into the year over year performance on the next slide. but, so all in three year equity and public market performance was muted and we saw a greater correlation with fixed income and equity leading to the 6.3 percent return. but it's great to know that with our private market, exposure, we did exceed a standard more public market base

portfolio at 60-30-10 portfolio. on the next slide, i did want to spend a few minutes, talking about a little bit about top line performance. we present all the, the commissioners with a lot of details and facts and sometimes, i want to make sure that we're not losing the force of the trees and i want to talk about what is driving top line performance. and what, what i want to leave you with, i'm going to walk through the page, i can see that you're all walking through it, i want to demonstrate 2 points about our three-year performance. when year to year, there are wide swings in public markets like equity market. the leg affect of private markets will be more pronounced and that is going to impact our relative performance to the benchmark. like wise, because this plan has taken a very active

approach investing particularly in a equity book when we face periods of head wings for themes that we're relating into, that will impact performance. so even though, we like to look over longer time periods when there is a number of events we quitity market swings and themes in the marketplace, that may impact our performance relative to benchmark. let me walk you through what we're showing on this page. what you're looking at, is in blue public equity benchmark. so that's to give you a public market of what it's doing in each of the calendar period. the gray is a total performance and the yellow is total fund policy benchmark. so anywhere where i put in red, the gray boxes are in red, that means that we did not exceed the total fund benchmark. and you'll notice there is a

bit of a pattern so when we have a wide swing, or a swing from negative to positive, typically what we see for instance in 2015, public markets is down. it bounced back in 2016, and we under perform in 2016. and some of this is again, the wag affect where private markets come back. evaluations have not been reflected in our market book and we will under perform a benchmark that is is a public benchmark. the same thing happened in 2019 to 2019, but the pattern is different these last two years. and i should say that, while we, while we don't get the benefit when the equity markets go up with the lag, we do get a little benefit when the markets go down because the private equity book is lagged and it

does not go down as much. but again, 2022 and 2023, was the same. but we had exposure and decision that's we put into place in the market equity book and things like technology and things like china which did not have a tail winds in 2022. sol what happened is we had, the con influence affects of the lag affects and that's leading to a 3-year performance number that is mildly under the benchmark. there is an impact when will cher does the full performance review they will walk through that. but i wanted to put before you, since we talk a lot of numbers, acknowledge the three-year

performance number is lagging, and but we are long term focus. there is a reason some of this is due to the lag but importantly, we are looking forward. so what we are doing as you all are well aware, is we're undergoing a structure review for our fixed book to evaluate the themes to make sure that over the long term we get rewarded for the risk that's we are taking. and we do want to be focused on the long term, we don't want to be with the 34 billion dollars portfolio, we don't want to be reactive to the markets we want to manage to get that 2.7 percent for the return. that's a lot of information but again i want to highlight where we stood at the total fund perspective so you understood the dynamic driving that. any questions on performance before i move on? >> is there anything on this

chart that keeps you up at night? >> well everything keeps me up at night. but i would say, i think the actions that we are taking are, are moving us forward. so i don't want to be reactive, i don't want to join the organization and turn the portfolio, we want to make sure that we're ready for the future and we want to be thoughtful how we do that. and with the on board of wilshire and merser, we're in a better position to make changes if we need to make changes. >> thank you. okay. you're on page number 2. i know we made the change couple years ago.

the 60-30 benchmark, with space. but we are at least 33% liquid. so we're trying to draw conclusions about looking at a chart maybe we should pickup an index that is closer to our policy. the 60-30-10 is intended to approximately if we had more naive exposure, what would the return be. so we can be the benefit of us building a team and investing in the private markets. >> okay. >> just in case any set of ratios, who knows who people will focus on. what you do on page 3, it's more useful though it's in

calendar fiscal year not calendar year. maybe there is not a difference. our 7.3 is determined to be a longer term number. your explanation helps what we should focus on, because it's more than just a public equity index which is now, we're about one-third invested. with the private equity, it's very large with the 1 or 2-year lag. in case people are going to draw conclusions from this excellent report, they should not read too much into it. so thank you. so as you recall this past

summer. the number of asset classes, we wanted to put a portfolio construction and risk lens to find the objectives and make sure that we construct the portfolio to meet the objectives. we also, as you know, do an annual deep dive review of each asset class. that review for absolute return will be this june. but given we put into place the new guidelines and that we're operating outside of those guidelines in spirit of transparency, i wanted to provide the board where we are with respect to the guidelines. if i could bring your attention to slide 15, it's up on the screen, but you can flip to that. that's the page i'll talk to but hit other points. so, when we set the guidelines back in i believe it was july,

the idea was that the purpose of the absolute return is to act as a diversify and it's part of that process, we went through an exercise to find categories of investments. and those categories were return drivers and risk mitigaters. we set the guidelines based on where we want to go with the asset class not where we are. so six months into setting the guidelines, we are slightly over weight if you will, or exposure to return driver funds and slightly under weight to risk mitigaters. and as we discussed in july, i have commit today reporting to the board when we're outside of guidelines, we're not concerned. again, we set the guidelines to where we want to go and we

started to make progress moving towards that. so because we're over weight under risk mitigaters some of the other guidelines, which we didn't detail here around what is their bata exposure, those are slightly higher than our, our goal and our ranges but that is all of function of being slightly over weight, those return drivers. we've already begun a process of reducing our exposure here as we're putting money to work in new funds, those are going into the core and risk mitigating category. we're making progress, we're seeing, even with this year with the volatile market we've seen differ he's from the asset class. we're set on the right path but i wanted to give you an opportunity to ask questions if you had any.

>> given the timing of our meetings and month, there are some months where the quaert ends to be able to get the numbers finalized and to you. >> this particular month may be awkward with the end of the quarter, holidays, so again, nothing we're going to do overnight. nothing that we have to do today or this week before the next meeting. it's a great report, just it's hard to get into the discussion especially when we see certain things over the limit, is it related to the denominator. >> and to that question, i won

say it's a denominator affect or other things, we took a look at the absolute return portfolio, we made a decision that we wanted a portfolio to diversify and provide down side protection. the structure as it was, was not doing it. we set the structure where we wanted it to be and we're on a path to get there. >> okay, there was a huge allocation decision within the absolute return at least 8 categories that have diva fekz when combined with the total portfolio which mr. francis has been trying to explain to me, or us. it's difficult to understand. reducing the draw down which is also one of the other major affects, using the absolute return and combination with judicial. this all seems to be work anding paying attention to. so i'm just telling you, it's great. i would feel more comfortable and i understand more about it. this will lead to more questions. >> the team has done a

phenomenal job with our risk team to develop analytics to be able to monitor it. so i'm pleased with the progress and riger that has been put around the guidelines and the construction. it's a challenging asset class. >> any other questions on absolute return? okay. i will turn to close invetments and terminations. and i do have to read these

into the record so please just bear with me as i go through these. balanceder ton 9, under our authority we invested 35 million dollars in balteron 9, the investment closed in december 13, 2023 classified as capitol within our portfolio. windkhert, we committed 70 million to wind church, closed on december 13, 2023. classified as a buy out invest sxment it's our third commitment to that equity fund. partners solution s joint vend tour under delegated authority we invested 80 million, it closed on december 22, 2023. the investment is classified as real estate investment within

the real assets portfolio and third investments with carl holdings. next fund 4, under authority, we committed 80 million to sustainable fund 4 which of 67.5 closed on december 27, 2023. the investment is classified as infrastructure investment and fourth investment with richmond partners. at the board meeting on march 16th, 2023, the retirement board approved in closed session an investment up to 25 million in aeuro global first partnership. the investment of 25 million to this partnership closed on december 28, 2023. classified as a credit opportunities investment within our private credit portfolio. mag nanned natar structure conclusions at the board

meeting december 13, 2023. the board approved in closed session an investment of up to 75 in magn a atar solution fund. the investment of 75 million in this fund closed on january 5, 2024. it's classified as a specialty investment within the private credit portfolio and our first investment with magnatar in the credit portfolio. next, again committed, to the policies and procedures, we outlined with respect to delegation. we were reported on terminated strategies. i approved the termination of springs capitol december 22, 2023 and final proceeds were received on december 20th. that investment sat within our private he quit portfolio. and finally east lodge capitol credit opportunities fund, i approved the termination of

east lodge credit opportunities fund on november 21, 2023. and the final proceeds were received on december 29, 2023. that was classified as a credit structured investment within our absolute return portfolio. that's what i had on closed deals and terminations and open it up for questions. >> i'll ask a question about spring subsequently to the meeting but i want to understand something about the private equity commitments. in terms of wind church solution sustainable, and arrow, the delegation assuming

it was all met. >> the delegation that is in the ips is, >> my recollection is that they had to proof that they had good performance, in somebody's index. maybe i'm totally wrong. >> i believe that may be in prior edoration, i will tell you how we make the decision how to invest considers the managers track record with the fund that is key diligence. >> then i'll have to go back and review that was one of the

routine conditions. and other, has to do with developederton, i--balderton, have we had prior investment with them? >> yes, i can follow-up with you. >> thank you. >> thank you, any other questions or comments? thank you for the excellent report, this is discussion item. >> if i may add one point, i hadn't before. commissioner, i think you may be interested. was your request that the team participate in qualifying training. we have done that we had

initial and half day significance. it was very good process. not only making investment decisions into a fund but our process sxz other decisions that we make along the way, thinking more of how questions are defining and the issue and how to go about making decisions. we appreciate your recommendation to do that and we have had had that training. >> i'm happy to hear that, and hopefully the board will get not just listening to your success but go through the process, it will help the board too how we make decisions too. thank you. >> okay, no further comment or questions? >> thank you, we have no in-person comment on the item? moderator are there any callers.

>> madam secretary, there are no callers on the line. >> thank you, no calls, public comment is now closed. >> call on the next item, please. >> item number 10, discussion item, retirement good of the order. anything order? i think we got a lot on the table for the good and the order and that will keep us busy for a while. if not, let's have a public comment. >> there is no public in-person public comment on this item. moderator are there any callers on the line? >> madam secretary, there are no callers on the line. >> thank you, hearing no calls. public comment is now closed. >> okay. we're adjourned. i cannot believe it. still morning. this is crazy.

>> my name is alan schumer. i am a fourth generation san franciscan. in december, this building will be 103 years of age. it is an incredibly rich, rich history. [♪♪♪]

>> my core responsibility as city hall historian is to keep the history of this building alive. i am also the tour program manager, and i chair the city advisory commission. i have two ways of looking at my life. i want it to be -- i wanted to be a fashion designer for the movies, and the other one, a political figure because i had some force from family members, so it was a constant battle between both. i ended up, for many years, doing the fashion, not for the

movies, but for for san franciscan his and then in turn, big changes, and now i am here. the work that i do at city hall makes my life a broader, a richer, more fulfilling than if i was doing something in the garment industry. i had the opportunity to develop relationships with my docents. it is almost like an extended family. i have formed incredible relationships with them, and also some of the people that come to take a tour. she was a dressmaker of the first order. i would go visit her, and it was a special treat. i was a tiny little girl. i would go with my wool coat on

and my special little dress because at that period in time, girls did not wear pants. the garment industry had the -- at the time that i was in it and i was a retailer, as well as the designer, was not particularly favourable to women. you will see the predominant designers, owners of huge complexes are huge stores were all male. women were sort of relegated to a lesser position, so that, you reached a point where it was a difficult to survive and survive financially. there was a woman by the name of diana. she was editor of the bazaar, and evoke, and went on and she was a miraculous individual, but she had something that was a

very unique. she classified it as a third i. will lewis brown junior, who was mayor of san francisco, and was the champion of reopening this building on january 5th of 1999. i believe he has not a third eye , but some kind of antenna attached to his head because he had the ability to go through this building almost on a daily basis during the restoration and corrects everything so that it would appear as it was when it opened in december of 1915. >> the board of supervisors approved that, i signed it into law. jeffrey heller, the city and county of san francisco oh, and and your band of architects a great thing, just a great thing. >> to impart to the history of

this building is remarkable. to see a person who comes in with a gloomy look on their face , and all of a sudden you start talking about this building, the gloomy look disappears and a smile registers across their face. with children, and i do mainly all of the children's tours, that is a totally different feeling because you are imparting knowledge that they have no idea where it came from, how it was developed, and you can start talking about how things were before we had computer screens, cell phones, lake in 1915, the mayor of san francisco used to answer the telephone and he would say, good morning, this is the mayor.

>> at times, my clothes make me feel powerful. powerful in a different sense. i am not the biggest person in the world, so therefore, i have to have something that would draw your eye to me. usually i do that through color, or just the simplicity of the look, or sometimes the complication of the look. i have had people say, do those shoes really match that outfit? retirement to me is a very strange words. i don't really ever want to retire because i would like to be able to impart the knowledge that i have, the knowledge that

i have learned and the ongoing honor of working in the people's palace. you want a long-term career, and you truly want to give something to do whatever you do, so long as you know that you are giving to someone or something you're then yourself. follow your passion and learn how to enrich the feelings along the way.television. >> asian american pacific islanders may is asian american & pacific islander heritage month about san francisco the asian-american about the history and curtain or encouragement. >> about fun and family and food. >> about all of us celebrating

each other together after celebrating the cultural tradition a our future. >> showing you the regular things like the families and connecting the japanese heritage and my heritage in hawaii and other asians around the city and world and growing up with the bay area. >> asian american pacific islanders it about showcasing the apa heritage culture contributions and full staves of music and the great diversity within the community i'm not a asian-american but have a great communication and about celebrating the stories of blood lines of apa heritage and the difficult challenges creating opportunity and building a new. >> let's celebrate may is asian american & pacific islander heritage month and victorville our writing our future for the

future may is asian american & pacific islander heritage commissioner benedicto is in route. commissioner janez, president. commissioner byrne here. commissioner yee here. vice president carter oberstein is in route. president lyons, do you have a quorum? also with us tonight are