around the process of development. the housing model provides a one-to-one replacement. also relocation and displacement and develops a range of housing. they will also build housing times that are indistinguishable from each other. the pie chart you see there represents the currently closed mix of housing. we aren't focusing city investment which is at the core of what we are doing. the board asked a resolution

committing $95 million which i believe is 20 years to the program. as importantly with the state of california and some federal sources. with $40 million that we have received in the states as well as $10 million for the

redevelopment agency, this is the leverage public funding. this is 6 financing from the department of financing and urban development. we have unsuccessfully done that a few times before. last year, we were close. while the state budget has not been necessarily rectified, the state dollars has. these are some of the existing

conditions. you can see not only are the conditions extremely poor but at their best. this site was poorly designed and for the housing residents. this is looking like a train wreck from above. here is an image of the proposed new plan. there is up to 800 units of mixed income housing. a real leader in terms of green building and the development program.

this is a diagram of the existing site and its connection with the surrounding community. phase one is moving forward with financing and this is moving forward now. lastly, a summary of the financing and which demonstrates the $75 million of development funds.

this concludes my portion of the presentation. we can talk more about the technicalities. we also have an except and extend for $30 million as the project proceeds. >> thank you. >> we are asking for parsley 38 million -- for $38 million to fund phase one and two. we cannot expect to issue this in 2012. as articulated earlier, need to have and commitment for the

abilities commitment to this fund. we have been working with the mayor's office of housing. they need approximately $1.9 million by the end of the year. this transaction is similar to the previous transactions in this scenario, we are leasing two aspects. we of also included certain other city came to -- city property. of the aggregate of the key is not sufficient to support the debt.

and we expect to have approval of the statement following the issuance and that point we will support an additional property. we have a reserve fund. these are all estimates. some might need to fund a reserve fund. this is a conservative estimate that allows you to support the program. with that, i would be happy to answer any questions. >> tables one and two on pages five and seven of our report

show the funding sources and uses. the total estimate a cost is $258 million. regarding the debt service based on an annual interest rate of 8%. total debt service of $82.1 million including interest payments of $46.9 million and the principle of about $35.1 million. on page 9 of our report, the real estate division had not finalized the estimated to value of the two police stations which would serve as collateral. not all of the funding has been

secured specifically, there is a question on a $20 million fund which has not yet been rewarded. for those reasons, we have considered approval to be a policy matter. the other items we consider to be a policy matter for the board. >> thank you very much, mr. rose. >> i should have added that we are assuming this should be taxable debt. in working with our lawyers,

this might be tax exempt. >> thank you very much. item number 11 is a confirmation. this is a program $38 million. let's open this up for public comment. >> i have been given just two minutes and i'm the only speaker. we have been following these for a long time. let's focus on what is there to be stated and not make

statements that the housing which was built by the department of defense, if we go to the jon stewart co., there are days when somebody got fired from fannie mae and they made a lot of money and someone is not respected. what he supervisors should do it is that you did not want property managers to be involved in huge development where they get millions of dollars from the state. they had a lot of money and john stuart employs over 1000 employees. what we need in the bay view is

for local people to build those houses. this would have been the opportune time for -- to come and speak on behalf of the constituents. this is an area where over 50% are unemployed. people i've been promised this, that, and the other. nothing is happening. we need you to put this back up. is there any other member of the public that would like to comment?

a motion to move forward with recommendation in that passes without objection. that is our agenda, is that correct? >> we are adjourned. governor welcome to culturewire. on march 18 the san francisco arts commission hosted the 2010 mayor's artwork. the mayor's arts award was established to honor an

individual artist with a lifetime of outstanding achievement in the art and civic life. this year's award is to none other than carlos santana. before the award ceremony, the director of cultural affairs had a chance to sit down with carlos to ask him a few questions. >> once a year, mayor gavin newsom gets to select one distinguished individual to receive the mayor's arts award. in 2010,á(át that distinguished individual was none other than the legendary musician carlos santana. carlos, it is so great for the city to be able to recognize you. given all of your accomplishments already, from the awards, all of the other

distinctions you have received, what does it mean for you to get the mayor's part award? >> i am very grateful, moved. i always want to be in the company of illuminaries like cesar chavez. people making a difference, but to people's hearts. giving people a sense of tangible hope. one thing is to be famous, it is quite another for people to like you. i am grateful for this award. it is another blessing. i do not take it for granted. this is an incredible city. everywhere i go, i tell everyone that this is the atlantis of

today. there is no other city in the world -- i have been everywhere. there is nothing like san francisco. in fact, to me, it is not even the united states. you can see how fox network always attacks us. we do not have an inferiority complex. we just do not follow blindly. we question authority. as i said before, a person for person, there are more artists and con artists in the bay area. >> you are someone who has identified so strongly with the bay area. a lot of it reflects the values that you also identify with. i know that you have been promoting an idea for a work of public art that could be

pretty transformative. could you talk about that? >> peace brother is something that i saw, i think in the 1980's there was this lady. she started back there and converted -- she went to the neighborhood and was collecting the guns from some of the gang members. she had it melted and turned into angels. we want to do the same thing and take it to the next level we want to build a boom box by his feet, he will be 7 feet tall. this will be made up of military guns. the boom box will be playing some great songs. marvin gaye. john legenlennon. bob marley. sam cooke.

>> songs that really touch people deeply. >> i have come to a place where i call it the sound of maternity. bob dylan calls it eternal young. i think there are certain songs that help you live without fear. when you are living in fear, you invest in violence. fear is expensive, just ask president bush. inn love. and what marvin gaye says is true, war is not the answer, only love can conquer hate. these things are not cliches, they are truisms. if we implement them, you will see a transformation in the bay area, richmond, oakland, the

mission. all places where we need to dismantle the violence, the fear, the unnecessary pain that goes on. >> you are a person that has lived a pretty miraculous life. pretty extraordinary what you have accomplished, the range of people you have been able to touch with your music. you chose a beautiful word in spanish for your foundation -- miracle. could you talk about what the foundation has been able to do? >> we are able to empower and give young people a way for them to develop their own decisions. i started with my own vision. there are people like andre agassi who helped finance.

desmond tutu. in essence, in the bay area, like on larkin street, i want to see people invest more in people. i love the giants stadium, but i want to see cumins investing in a humans, instead of expensive. expensive buildings. i love to see the mayor and governor invest more in education than in incarcerations. so i am committed with the music and the platform that i have, if i have to, to give a little spanking to those who need to break up. we spend way too much on weapons. all the money that we spend on tv advertising, gears of war, that is stupidity.

in new zealand, they passed a law that said that you could not sell it. all those games about killing people. they do not want it. to me, i'd equate that with columbine, with war. once you desensitize a human being, you cannot tell the difference between shooting someone in a video game and a real person. some people can be gentle and kind. i can be ghetto when i want to be. i grew up with the black panthers doing peace and freedom benefits for them. so on the one hand i like the softness of spirituel the day, but i also like the energy that you need to be a warrior where you need to be.

i love martin luther king, but also malcolm x, sometimes you have to really hold your ground. compassion, kindness, education. rather than more killing. >> when you graduated in 1965, it was the height of the civil- rights movement. you just alluded to the environment that you were growing up in. as a young musician, what was it like for you in san francisco at the time? >> it was heaven on earth. we would go down to the fillmore and see these great band, the doors, and jimi hendrix, cream, and then go down to the grove to see other music.

you could go to the mission district to hear mexican. everywhere i went there was this multi dimensional color and i felt like it was on necessary for me to do just one. like baskin-robbins, i want all the flavors. you cannot just be a mexican play music. there is a lot of beauty in that, but it was not for me. i was born without arms around my heart that wants to embrace everything. palestine's, israelis. japanese, apaches. i am more concentrated with life and love than flags, nationality, religion. that stuff gets in the way. one gets in the way is me,

myself, my story. for me, that is why music is liberating. when you hear "imagine" anywhere in the world, people sang the lyrics. as soon as you hear the melody -- same thing with a bob marley song. i grew up taking everything from bob dylan, curtis mayfield, the beatles, smokey robinson. mike alma mater was the streets of san francisco. i would dare to go to school. where i really hung out was at the fillmore. that was my university, checking out be the king, and james brown, a cream. finding out how they were able to penetrate people's hearts.

with their music. once you do that, something happens to their eyes. they become brighter. they start crying, they do not know why. they start dancing. it is like when a woman gives birth. =mmfirst, she cries and then she laughs. later on, she dances. and that, to me, is the beauty of what san francisco is about. >> one final question, and we are going to link it to your music today. such a rich legacy that you are giving us. you mentioned to me that you are working on a new album. could you share what is coming up? >> i love to dream when i am awake. kand so i had this dream of working with india arie and yo-

yo ma to do the george harrison saw; and "-- song. this is the definitive way to do this. we are all in it together, we do not leave anybody out. t conviction, i am one of the few people that you can recognize by one note. god gave me that universal tone, and that is what we want to implement in all the songs. thank you. >> carlos santana, thank you for accepting the 2010 mayor's part award. >> to watch the ceremony, visit

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