affecting. i don't think that -- that any of you seriously thought about that seriously enough. >> i'm terrence faulker. there's legal notice problems, regardless of that, the other thing is the height limit of 40 feet, should be what we -- what we need along the coast. it is all high risk earthquake area. there's a very good reason why sunset enrichment have kept low. it is because of earthquake risk. one or two story bls do very well in earthquakes. large, heavy buildings don't. the problem is not new buildings versus old, new bls failed in scrap pan. it is -- it is a matter of weight and mass. large buildings when hit by an earthquake can collapse. light ones do fairly well. that proved to be true in 1906 where -- where my great grand father's house actually stood up.

it was burned down. he had a two-story building. larger buildings went down. it is a matter of engineering. thank you very much. >> you're not following due process with respect to the amendment to the planning process or anything else. this is not legal. we asked for consideration of a general plan and along with environmental analysis. this has not been done. both are required for due process. secondly we asked for a review of alternate methods of financing the project including the possibility of -- of resident ownership of it. this has not boon done. there's the impact on the city's needs, capital budgets,

transportation, none of this -- none of this has been done because we do not have an existing general plan. thank you for your attention. we'll see you in court. my name is kathy wentz. i lived in park merced for years. this project has no truth, no integrity and no beauty. needless to say, the developer agreement in no way supports the vision plan. i cannot believe that you would even consider passing this crap. it -- it does no honor to the beauty of san francisco. my native home, that i love. this project -- gives no beauty to my city and the city that i grew up if. it is an insult for you to

consider initiation of this. and what -- what it will do to the people that live here. >> i would also like to invite you all back to park merced. about 24 people from park merced had to leave because they couldn't stay. they wanted to come talk to you. there are so many people there that want to speak to you. there are so many people that cannot make it down here and waited -- wait it out like this. it is too hard on them. they're elderly and disabled. three they need to be out this where you could come to see them and be able to speak to you. we also feel that this is -- this will really be terrible on everyone there. we already gone through -- through a redevelopment, we don't want to do it again.

thank you so much. commissioners, thank you for your time. this is a case of bad behaves -- behaving badly and getting concessions. and i -- perceived golden goose for many city agencies. new york times may 28th2010, owners bet of raising the rent and lost. purchased distress asset, park merced. rock point and river to know house in new york. they sought to take advantage of a roaring market with tenants able to pay higher rents and they got enough to -- the recession did not help. it is pretty interesting that they all ended up in the same place that andrew flore at real capital analytics. people assumed they could boost revenues by kicking people out and raising rents. there's -- there's 550 million

dollars in senior debt on park merced and additional 52 million in secondary loans according to the owners but not as heavily leveraged and riverton. please -- do not initiate. thank you. >> i'm ashamed, i'm ashamed of what you initiated tonight. thank god there's transparency in these meetings. and tell voiced meetings because of when you are doing. i think that you're on the road to the city being insolvent and this will be one issue that can actually make the city ill solvent and it may never ever recover. ireland, spain, portugal. they're in the recovering from the swap that is all fortress is interested in is money. you know it. i'm very disappointed in what i heard tonight.

>> the preservation core sore shum. additionally -- we want to stress, there's feasible preservation alternatives to the project that would significantly lesson adverse impacts to the national register, eligible cultural landscape. we -- we the e.i.r. didn't analysis properly the -- the development and the historic district alternative, the west side partial historic alternative saying they were inconsistent with the project response's objectives. we very much want our office of economic development and the sponsor to take a look at -- at detailed accounting of projected rehabilitation costs if all of the preservation alternatives, incorporating potential tax

relief available under the california historical building code, the mel vac, the federation -- i'm sorry, the federal rehabilitation tax. >> thank you. >> and conservation easement donation. >> thank you for the opportunity to speak again. i would just request that you do not initiate. i'm -- i'm very happy that -- that -- or looking forward to -- to -- to the meeting on monday january 24th, very much appreciate that opportunity, but -- i would request that the board does not initiate at this time for -- for reasons already stated. thank you. >> thank you. i'm going to make this very brief, that you do not initiate at this point.

it is way too early. that's all i have to say. >> thank you. good evening. erik brooks representing the green party and the grass roots group of our city. once again rising to insist that you do not initiate and another reason that it is important that you not do that is because what your staff presentation was on the last item. we're seeing -- a report, the staff report of them showing the economics on this are 2.2 to 7.2 -- points lower than they should be. and they -- then they brought in this -- this -- this red language in their presentation, saying, but, there are 3200 units that -- that got revenue. i have -- i find it very hard to believe that c.b.r.e. did not include that already in the economic analysis and i think what we're getting is spin. and i think it is the wrong time to initiate.

we need to wait and get -- get rock solid advice and -- and -- rock solid legal opinion on the rent control issue. >> thank you. >> good morning. good night. my name is joe. i have a memo, a copy of the e-mail addressed to mr. swens ski and mrs. water. and i'm not sure howe accurate it is but essential i -- how accurate it is but the hearing occurred on november 4th, 2010. december 9th2010 and one will occur on december 16 at the december 16th hearing, at the apartment will request that the commission initiate amendments that the planning code and zoning map and general plan for action on or after february 3rd2011.

can you please ask -- mr. swens ski and mrs. watty if that's correct. thank you. good evening. park merced shopping center. i don't know if -- if it is the right time to initiate or not, you know, it is hate at night. but the main thing we got to get it right for everybody involved. we got we just got to get it right. it is a big project. you know. just take everything in to consideration, the developers. the renters. the park merced commercial shopping center. tenant that is are there. just make sure that -- that everybody -- you know is -- you think of everybody's concerns. >> thank you. >> additional public comment on this item?

not public comment is closed. john, do you have -- >> just want to clarify -- the -- the commission had previously had this item on their calendar and -- last month in december and i think even before that and continued this action several times. initiation is an action that the commission takes to direct staff to prepare documents that can happen -- no earlier than three weeks after their initiation. so, that is why the february 3rd day is what has come up today as the earliest possible date. the commission decided that the date is not possible, they could take initiation today, anytime after. it just -- what is happening today is just initiation of that. i looked at the website, it -- it says that they would take action on that day. i went out and i want to be clear about this. because we had to prepare -- for the possibility that the commission would initiate today, for february 3rd, there were newspaper ads play -- saying it

would be on the 3rd. on the 3rd, the com pigs would take a continuance action to continue to a later date. it is -- i want to make sure everybody understands, that you're clear, you will see newspaper ads that say it'll happen on the third but it'll not. the commission will have to continue it on that day. to a later date. we don't know what that date is. just to be clear, the initiation action says that we could prepare documents for you to take action on the project no sooner than three weeks later. which is february 3rd from today. km mission wish to comment or take a break. >> i think we should -- find agreement here. i like to suggest that given the many outstanding questions which have been here this the room, including my own that we continue until february 3rd and then -- then continue from there.

that's the way in the paper. i'm not prepared to officiate tonight. i do believe that -- there is a sequence of steps and -- and i am not ready for this to be step one. >> sugaya. >> i move to continue. >> second. any specific date? >> 10th. >> on the motion, >> second. >> on the motion to continue to february 10th, commissioner antonini. >> no. >> bored no. fong no. moore aye commissioner sugaya? aye. commissioner olague. aye. commissioner president miguel no. that motion fails 4-3 . >> commissioner an neney. >> move to initiate which would be request for planning code

amendments and planning code map amendments and text amendments and requests for general plan amendments. >> second. >> second. >> i want to point out to everybody that the rubber doesn't meet the road until we hit initiation. we could go down this for a long time having hearings, i understand that but actually -- but initiation actually makes the rubber meet the road and things to happen. it is actually advantageous for you all -- is to make things happen. so i mean think what you want. honestly we could have hearings for the next two years. >> commission sugaya. >> commissioner sugaya. commissioner sugaya. >> i just like to say that initiation is -- is kind of symbolic. >> we're leaving. goo night. >> would you call the vote. >> on the motion to initiate. commissioner antonini fp aye

borden aye. fong aye moore no. sugaya no al laggy no. president miguel yes. so moved commissioners, that motion passes 4-3. all general. commissioners, you're now in public comment. and the public may have public comment except on agenda items. >> none appearing public comment closed. >> i like to be on the hist on the rent controlled hearing. >> yes. sure. >> so staff has my. >> i want to ask -- i ask my supervisor to be maybe schedule a bigger room actually.

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