succession, planning for the executive director, and served as chair of the finance committee. so i was overseeing the budget process within the retirement board. i would also add that while i have lived here in san francisco i have become a lot more active in the community. my wife and i have been very active leaders within the san francisco symphony, having chaired a number of events from them, most recently the 2000 opening gala. also, the enterprise for high- school students, which is an effort to bring business experience to high school students through the san francisco antique show, where my wife and my chair. i am on the board of the art museum and have led efforts to bring younger trustees and develop a pipeline of people in the next generation of trustees. i have also spent time with their branding and their strategic long-term planning.

i want to make a few points here. i do not want to take up too much of your time. first, with regard to the port commission, i want to be clear that i did not seek it. it was presented to me by the mayor in early october. i have actually been on the schedule for a while. second thing i would say is that i think i bring a strong track record and reputation of integrity and transparency. i have people here who probably will talk to that element from the san francisco retirement system. third, especially with the complex issues around the different financial elements of the board, certainly the america's cup and other initiatives going on recently, i bring the relevant financial transactions fell set. i studied international politics and economics at georgetown, studied finance at wharton for my mta, spent 10

years working as a venture capitalist with strong companies trying to grow small businesses, and spent time on the retirement board, which i think it is my second and final point. i will wrap it up. the time spent on the retirement board opened and eliminated a lot of issues for me, particularly in terms of having a fiduciary duty to the city and to the system that we oversaw. as a member of the board, i felt that really strengthened my understanding and recognition of the importance of the role of a fiduciary. i think that is an element that needs to be emphasized here. the second one would be good governance, understanding how keyboard works, working together to understand the public process. -- under an how -- understanding how a board works, working together to understand the

public process. i would like to add a final point, which is i love san francisco. i have been here since 1997. i feel deeply ingrained in the community. but we have here is the opportunity to shepherd the public trust in ensuring that san francisco remains the beautiful, world-class city it is. i think i have the ability to do that for you. thank you for your time. >> thank you -- supervisor campos: thank you very much, mr. kim. colleagues, questions? i want to follow up on your presentation and thank you for your present -- for your patience. as you indicated, you were nominated back in october. it has been a pretty crazy schedule for the rules committee. i have to say that you do have a very impressive background in terms of your work experience, your education. the question that i have, though, to be honest, is why the

port? what is the connection, given what you have done and the port of san francisco? >> that is a great question. if i may, i think the port is a great microcosm, a microclimate of exactly what i have done in my background. i think it is a good place where i can bring forth a lot of varied skills and experience sets. i think through my financial transaction background doing mergers and acquisitions at morgan stanley to serving on the public retirement board to volunteering in the community through the asian art museum, through the san francisco symphony -- i think one of the treasures of san francisco is intangible. it is the beauty of san francisco. i think understanding how different stakeholders have a perspective on how they want things done, i think that is important. and being able to incorporate that is important. i think understanding how to

solve problems is extremely important, particularly in view of the different projects in front of the board. ultimately, i mentioned the word stewart. i think it is very important to have a person who is objective and has no hidden agendas. i am here as a private citizen. i was asked to help out, and i volunteered. i am a person has, i think, high integrity and a very strong track record of transparency. i think those elements also combine to helping, i think, you and the citizens of san francisco take comfort that i would actually be acting on the best behalf of the city and the people. supervisor campos: thank you for that answer. i do not think that anyone here would question the integrity and commitment. the think any time that someone of your level of accomplishment wants to serve the city and county of san francisco we have to be grateful for that and

recognize that it is a great sacrifice. you are not doing it for the money. but again, for me, we have a situation where the port of san francisco is at a very critical juncture. we are about to embark on a very exciting project to bring in the america's cup to this city, and i want to make sure that the people who are on the board of directors of the port of san francisco are going to have the expertise and the background to provide the kind of oversight that is needed to make sure that kind of event is successful. so it is not a question of in any way challenging the integrity or the qualifications or overall professional experience, but really trying to understand what is the connection to the porch. is this the right fit? that is the main question. >> if i can just follow up on it, to specifically to answer

your question with regard to the america's cup, it is a multifaceted question in terms of why it is coming to san francisco. partly it is marketing. partly it is financial. partly it is getting the tourists out. partly it is getting sponsorship and raising money. i have a strong track record of doing very well in that. it is unique to have someone, i think, of my skill set, where i can bring experience and value and judgment to each of those elements, and not just "i am a real-estate guy," or a marketing guy, or a tourism guy. i have a relevant experience for all of the facets. in my mind, that coupled with my very strong perspectives about being fiduciary and being a steward for san francisco, i think it is the perfect combination for this position. supervisor campos: looking at the background of commission

kimberly brandon, she has, like yourself, experience in the financial services arena. and i think that that kind of experience would be helpful. but what is it -- what is different about what you bring that the current commission does not have? that is what i am trying to understand. >> for example, this is a narrow slice -- talking about branding and marketing for a large public organization. i am on the committee at the asian art museum for brandon. we have gone through a to your exercise for how to position the museum for the next 100 -- i am on the committee at the asian art museum for branding. we have gone to a to your exercise for how to position the museum for the next 100 years -- a two-your exercise for how to position the museum for the next 100 years. well i do not have specific

real-estate experience, i helped as a member of the board of the retirement system and a real- estate fund. i have a strong understanding of the dynamics that impact real- estate, the impact realistic has on communities, and how to work with a number of community organizations that had an interest in certain properties. supervisor campos: thank you very much. colleagues, any other questions? thank you, mr. kim. what'll we open it up to public comment? if there is any member of the public who would like to speak, please come forward. thank you again, mr. kim. >> good afternoon, supervisors, members of the rules committee. i encourage you to support the nomination of michael kim to the port commission. ever commission, every department is unique. in an international city such as

san francisco, it is a valuable piece of the city's operations, not just because there are so many immigrants and children of immigrants, but because the city depends on the part for a lot of activities. i am not simply talking about the beauty of the embarcadero to walk and roller skate, but our fishing fleet is there. tourist boats come in. san francisco is dependent on the tourist industry. we need the port to operate very carefully. you have seen michael kim's was a may and the education experience he has as well as time in the banking industry. the key experience i would draw your attention to is that he has operated as a lead general partner in a venture capital fund. people are often aware of the success venture-capital funds generate, the rates of return they are able to share with investors and partners. however, what good partners and venture-capital lists do is not simply invest money in companies

they find all over the country. the work all over the united states as well as international connections that come from that. they work with chief executives of those companies to build those companies, to build the personnel, to build the sales and revenues to have success. it is the strategic implementation of any operation that leads to success. that is what michael has been doing. i have been wary -- able to work with him in the last several years because i am also on the city retirement system. one of the testaments to his skill is the fact that i have been able to talk to other general partners. they also had a great success. supervisor campos: think you very much. next speaker. we are happy to welcome ms. murphy back to city hall. it is great to see you. happy new year. always a pleasure. >> happy new year, supervisors. it is an honor to be here and it is the first time i have been in

the position to approach the podium in city hall in a few days short of a year. [laughter] i am here to -- in the capacity as the recently retired executive director of the san francisco employees' retirement system to reinforce the comments which proposed port commissioner tim and joe driscoll have already made you aware. proposed port commissioner kim is an individual i worked with for the five years he served on the retirement board, and he brings an amazing capacity not yet mentioned of bringing consensus and allowing a body studying and addressing public policy concern to actually come to a decision, which in a world where all of public policy making is in fact public it is

before cameras for the world to see. he is able to assist his colleagues in determining where they have come to consensus but may not yet be in a position to voice that. i think that was a very important aspect of his service on the retirement board. and as an executive who worked in the direction of december -- the seven members on the retirement board, i think it is very important and i think the port director will appreciate commissioner kim, should he be confirmed, as a person who works effectively to move policy into action, which is a critical follow-through of all the public policy making activities. i believe he will serve the city and the port well, and i commend to you his confirmation. supervisor campos: thank you,

ms. murphy. feel free to come back anytime. next speaker, please. >> sylvester -- sue hester. i have been dealing with the port in a land use context for 30 or 40 years. the part deals with balancing a variety of issues. it balances real-estate. it balances maritime needs. it balances the public interest. what is troubling to me is basically two things. the mayor sat on a port commission seat for an extraordinarily long time. that seat became vacant the first of may. the mayor let two of the three seats laps. the other one he put on to the planning commission very recently, rodney fong. the port has major demands on it.

it has to sort out realistic things. and i did not hear anything that leads me to have comfort on this. if you go to the backside of the b section today, there is an enormous obituary on kay kerr. she was one of the founders of save the bay. save the bay was created because of the pressures on the waterfront all around the bay. we have issues that no one has really talked about, and now we have this big thing on the waterfront, the america's cup. the real-estate pressures are going to be immense. i think not only is it the right thing to continue this one because of general policy issues. i think the port nominees really need to be discussed in the port context by supervisors more than

something where you get notice of a hearing over a holiday weekend. thank you. supervisor campos: thank you very much. any other member of the public would like to speak? we have been joined by the executive director of the port. i do not know if you want to add anything. great. any other member of the public? seeing none, public comment is closed. colleagues? if i may, i want to thank again mr. kim for coming forward, for his presentation, for his comments, and to the members of the public who spoke. i do think he has a very impressive background and i'm appreciative of the fact that he wants to serve the city and county of san francisco. i will respectfully submit that i do not believe this is the right fit. that is nothing against mr. kim. a lot of respect for his accomplishments and what he has

done. i just don't see that with respect to this nomination. supervisor alioto-pier: thank you, supervisor compass. -- campos. i have known mr. kemp for a while, years, more socially than anything. i think very highly of him. i am 100% behind the mayor's nomination in this particular case. having been a port commissioner myself, 60% of the waterfront is really about real-estate. it is a balancing act between trying to figure out how we are going to bring maritime to the san francisco port, but how we use that real-estate to reflect maritime interests. it is one of the reasons why the america's cup was such a huge victory. i do want to thank ms. moyer while she is sitting back there for all the hard work. without an executive director like ms. moyer, we would not have been able to get the america's cup to san francisco.

it is a very important place, and it is a place where we need financial acumen, someone with financial acumen, who is smart, who understands real estate interests and where san francisco could go in the future. i will be supporting both mr. kim and ms. katz. supervisor mar: i just wanted to thank mr. kim for the service on the retirement board and the breadth of experience to bring. a lot of the community activities have been since 2009. you have been more active on different boards with the symphony and the asian art museum. i do not feel the spark of why you want to be on the port commission. that is one of the gut level reactions i have. the mayor sought you out, and i think you are fitting nicely -- a lot of your great qualities and experience you would bring. but i just cannot feel that enthusiasm and spark to serve

on, as supervisor campos mentioned, the critical time in the port commission. i will support your leadership in the future, but i will move that we continue this item to the call of the chair. i hope you find that spark with community service and work, but also, if not the port commission, other commissions and appointments. there is enthusiasm. and i guess motivation -- i did not find it in your presentation today. supervisor campos: we have a motion by supervisor mar, and i will agree with that motion. i do not know, mr. kim if you want to -- please go ahead. >> thank you, sir. i have been involved with the symphony since 2000, so it has been a long time. i was appointed to the board of the asian art museum in 2004. not just 2009.

supervisor campos: thank you. again, along the lines of what supervisor mar indicated, i also believe this is not the right fit. do you want to add anything? supervisor alioto-pier: i just want to say that, you know, i think that for the part it is a good fit. and as mr. kim stated earlier today, i think this is one of the appointments the mayor submitted quite a while ago, unlike some of the ones we have been dealing with where there is a borderline. i just want to say that. because i think there is -- he is someone i have known. i think what is getting me are the comments about sparked and excitement, simply because i have known mr. kim and i believe the excitement and the desire is there. i think people respond

differently to questions, but i do not think that should be something comes into a determination on this particular appointment. and if we're going to continue this item, i just ask that we are open-minded when mr. kim comes back before the rules committee at a future point. supervisor campos: thank you, supervisor. i think the committee will continue to be open-minded, but i think it is important for us to also note that our perspective as of today. so if we can take that without objection, the item will be continued to the call of the chair. thank you. if you can please call the last item on the agenda, item 13. >> item 13, a motion confirming the appointment of leslie katz to the port commission, a term ending may 1, 2014. supervisor campos: we have been joined by former supervisor leslie katz.

supervisor, welcome back to city hall. welcome back to the rules committee. thank you for being here. good afternoon. >> thank you very much for having me here. it is somewhat interesting to be on this side of the digest. i understand all the dilemmas you have been facing all morning with what has been proceeding before you. i also wanted to take the opportunity to thank supervisors alioto-pier and dufty for the service on the board. i know what a labor of love it is to serve the city, and something extraordinary to be able to do. thank you both for all you have done. supervisor campos, i wish you best on your continued term on the board. it was a tremendous honor to serve the city in that role and i am very honored to have the opportunity to continue to serve the city as a role in a member of the port commission, especially at this incredible time before us.

many people, i think, are very familiar with finally getting awarded the america's cup here in san francisco, which brings with it great opportunity but also great challenges. the figures that struck me, which a think are quite extraordinary for san francisco -- the america's cup will bring in approximately $1.40 billion in economic investment and benefits to the city, as well as providing approximately 9000 jobs. that means the port commission is going to have before it tremendous responsibility to ensure the stewardship on behalf of the city with respect to the development that takes place in coordination with the america's cup as well as other projects that are ongoing, ensuring that we honor the law recently passed as well for local hiring, which i think is again a great opportunity for us as a city. with the number of jobs coming in, to be able to employ our

local people. i know many of you in various different capacities, but i want to touch on some of my experiences that are relevant to serving on the porch. my mother reminded me, coming full circle, that my father had been the solicitor of the maritime commission in the kennedy and johnson administrations. when nixon took office, we moved as far away physically and spiritually as we could, to berkeley in 1969. [laughter] it was touching to receive the nomination and be able to go full circle with something my father had always cared so passionately about and instilled in me. my first involvement on a city commission are in advisory group was when mayor agnes appointed me to the hunters point shipyard citizens' advisory committee. in that capacity, way back, we are still revisiting many of the issues that were around then -- cleanup, economic development, hiring, and figuring out how the city will be best served by

projects on some of their last remaining space. i served on that committee before moving to the san francisco community college board of trustees. again, i think my tenure on the board of trustees demonstrated by ability to reach up to a variety of communities and be aware of the myriad of issues that come before a city body. then of course i joined the board of supervisors. as you know, you have to become experts in a broad variety of issues. i hope that while i served on the board i was able to bring my legal background, having worked in representing design professionals and a large public-works projects as well as some public agencies, but having worked in representing employees who are discriminated against in the workplace. i was able to bring those varied law practices to my work on the board, where i had an open-door policy. as a member of the port commission, i will be able to continue to reach out to the broad communities of san

francisco, to be open, available, and transparent in the work, because we have quite a task before us. as a former member of the board, i recognize how important it is to keep a strong dialogue with the board so we all know what is happening as we move forward. this will be a fast-moving project and we want to make sure it is done right to benefit the city as we move forward. supervisor campos: i do have a question for ms. moyer, if i may. one of the things that i wanted to know about was the current makeup of the port commission. my understanding is that there are usually five members. i am wondering if you can talk about how many you have currently. i know there are a number of things that need to happen in a very short term. so the issue of making sure the port commission has a quorum is something i am definitely worried about. >> thank you. for the record, monique and moyer, port of san francisco.

thank all of you for your tremendous support in helping us work through a myriad of details on the america's cup. it is going to be something for the generations, i think. it is not going to be easy. it is going to be complicated. with respect to the port commission, there are five members. there have been vacancies since july 1, actually, when the maid terms expired and the 60-day hold over. expired. -- when the may terms expired and the 60 day holdover expired. i am concerned about another delay. we have so much work to do for the america's cup. the sooner we can get everybody up to speak, the better. all of us as departments need to submit our budgets to the mayor's office. we are one of the budgets that go early. we start our budget hearings in early february. i do not know how much of a

delay this is. going forward, there are budgetary impact on the part by the america's cup that are not routine. if i could compel you to think about that, it would be very helpful. the port's business is extremely complex. a look in my resin they would tell you that i had very little -- a look in my resume would tell you that i had very little experience in the business report does, but it takes somebody who is committed, engaged, and able to do complex thinking, but also to be in coordination with the community. that has been really important to us with commissioner fong, commissioner brandon, and many others. we've been fortunate to have a good breed of commissioners. but those empty seats are important to us. i hope that answers your question. supervisor campos: thank you. supervisor alioto-pier: i am curious. i know that crowley was just

put on and is new. i believe the commissioner brandon came on two years ago. >> a year ago. she will be finishing up her first year at this may, the first year of a four year term. supervisor alioto-pier: commissioner lazarists has two more years? >> yes. supervisor alioto-pier: for my own thinking, we have three solid commissioners through the america's cup currently. >> through 2013? yes. at least through everything we need to do by our deadline. supervisor alioto-pier: i am asking the question to make sure we do not have someone else -- anyway. thank you. supervisor dufty: i briefly wanted to add some welcoming remarks for supervisor katz and think lesley for incredible service on the board. i was a board aid and worked in neighborhood service dg