that has to be from the front end. >> i appreciate that. again, those were meetings we were invited to come to, but i certainly want to take control of the agenda. >> supervisors, thanks for weathering this long presentation. i promise to be brief and wrap up the presentation for you. i'm here to do two points. and i think they bear repeating. without tier four, without the project, this entire process cannot happen. i cannot emphasize that enough. there is two reasons. first, the infrastructure that you saw no exhaustively is the bridge to get us to tier 5, said there is the literal infrastructure package, valued at over $60 million, the rail extension itself, and that is just the private contribution.

in addition to that, with the approval of the additional infrastructure financing district, we could potentially be leveraging well over $100 of city money in the form of bond issuances. when i come back to this committee in less than a month, i will have projections of provincial bond issue capacity, and it will be interesting for this committee to see in real dollar terms with our local match could be. traditionally, local matches only 20%. when you go in for a federal state grant, you are giving 20% down. we may be able to come in with 20% -- 30% or 40% down. as a result, you might be able to get money much sooner and be able to meet these visions into a reality. on that point, i think is worth bearing.

tier 5 is entirely schematic. no commitments have been made, and that process that peter was outlining is the more thorough, targeted, and strategic outreach. what happened is we had a sort of spontaneous neighborhood group saying, "please come talk to us. tell us about what this is." we will make every effort to reach out to all affected communities as part of the strategic process, but back to the details. to let all of you know how real this possibility is. supervisor elsbernd, at the beginning of the presentation when we were talking about are selling and selling of the original site, we had an important one that bears repeating. when those parcels were purchased, they were gone forever from our tax will -- tax

roll. all of that tax base was gone forever. what is so exciting here is the ability to leverage the new tax base, again, combined with private improvements, to submit a substantial local match and to far exceed any competition we would likely have in the bay area and a track those transit dollars. the schedule for that is as follows -- i will come back here in may with some projections for binding capacity to show you what is possible. meanwhile, sfmta hope to hear back. that is a $300,000 grant. we will be able to get pricing, just thematic level, which will allow our office to actually prepare a draft infrastructure financing plan. an identical to the plan that will sketch out the funding

strategy for the next 30-plus years. if the project is approved, we will be able to move forward with actual formation in 2012, and that means that money will become a reality. peter l. but also mention the loan, something you are probably familiar with. it is possible that we could utilize that program as bridge financing to get us from the future ifd, where the increment accumulate slowly, just such a building those improvements, way ahead. with that, i would like to just close in saying that tier 5 is the next vision. parkmerced is the project before you today, obviously, but you cannot get to tier 5 without tier four. if you have any other questions, all of us are available. supervisor mar: i really appreciate the materials.

very thorough. there were a couple of sites that you said the project developer wanted to walk us through, but i was going to ask about -- there were a couple of slides of the existing amenities, and you lay of the benefits currently there. the lay of the drawbacks. could you go over a little bit more of the drawbacks -- you mentioned construction done during wartime, so the materials are perhaps inferior to the 1950's or 1960's materials used for other projects? could you go through the drawbacks and challenges? >> absolutely. i would like to actually invite the project sponsor to go into greater detail on these points if i may. >> good afternoon, supervisors.

i just want to give you a quick overview of some of the issues and challenges we have been facing today. really, since our ownership in late 2005, we began meeting with residents on a regular basis, both with residents directly and with residents' organizations. we designed an amended a $135 million capital program that was intended to address a lot of the concerns that the residents were raising during these meetings, to really address and make substantial improvements to the property itself. all this work we committed early on can be done at no cost to the residence. not a single cause was passed through to residents, and a fundamental commitment to our residents in an effort to build community. the improvement work now is complete. these costs have not been passed on to the residence. i'm sure you have what the property. i'm sure you are familiar with the property. it does look very nice, and the money invested when a long way to improving the appearance of

the property itself, but the challenge was, as you address earlier, we were not able to address the long-term deficiencies and problems with the way they were constructed originally. they were constructed with a housing will happen. there were not the resources available to construct them at the time in a more substantial manner. they were built largely with wood frame and stucco, which is not to say that as a for building choice for building material choice. but intel to that, the plumbing systems that were in there, electrical systems -- there are challenges within those walls that need to be addressed and fix. there were details that were not done properly. a lot of that wants to some of the issues we have seen throughout the renovation work itself, really highlighted by a series of owners that have not maintain the property properly. supervisor mar: can you give an example? i understand failing plumbing system. it says undersized electrical

service. could you give an example of that? i think residents might not be able to see the, but people who do maintenance might know, but what is the electrical service issue now? >> a typical farm without a washer or dryer will run a 60 amp service for today's lifestyle, which means when you plug in your hair dryer and commute -- computer at the same time, you are likely to blow a fuse. they can -- the wires into fray and cause issues and become a fire hazard. a lot of times when we change out wires, we are pulling all the wires through. adds to the cost, davis, and the challenge of the property itself. the other issue that we have seen at the property really has been highlighted by an aging population, is that the garden homes are not accessible. not a single one of them can

roll a wheelchair through. at least every apartment itself has a single step up here the majority of the homes actually have bathrooms on the second look. all the two and three-bedrooms, bathrooms are on the second floor. if you are disabled or elderly, it is hard to get up and down the stairs. the bathrooms, the kids in some cells are undersized. you can see the diagram. we overlaid the standard ada measure and typical bathrooms of the plan itself. you can see they are very small. they were functional and utilitarian at the time, but it really does not fit the needs of our populace today. even with the $100 million we have put in a property, it does not address the major improvements that still need to be made. electrical systems have challenges. while some people may not understand that, home improvement services certainly do. that requires a lot of work on the outside and inside of the

building, making it difficult for residents to occupy the apartment while the work is done. it means replacing plumbing lines and replacing electrical systems, which is very interested and would require residents to relocate during the work itself. however, in contrast, the project really allows us an option to protect the residents, guaranteed them a new home at their current rate, and provide without a risk of the past through cost going to the residents themselves, and we also get additional benefits and amenities to the area and the region as a whole. we also do recognize that change is very difficult and scary for the existing residents. we know that residents will be fearful of what is to come, and we will continue to work with our residents to make the transition as comfortable as possible. there is a slide missing there, but i wanted to reiterate our commitment to the residence, and

it really has not changed. we rolled out our improvement program with no cost to residents. we made a commitment early on to residents to attack them from the project. it is still our intent, and it has been our content -- our intent to continue that all the way through the project itself. supervisor elsbernd: i just wanted to make sure i got a couple of numbers correct. over the last few years, the project in front of us aside, the other work you have done totals about $135 million? and not a penny of that has been passed through? >> correct. >> you said it is your intent that if the project goes forward, all the costs associated with that would not be passed through peer - standing is the development agreement is beyond your intent. development agreement makes it clear that not a penny of this work would be passed through. >> that is correct. addresses future work in a lot of ways, and future work cannot

be passed through. thank you. supervisor elsbernd: just one more. you talked about all this were. your ability, your financial ability to find that development agreement, precluding yourselves from passing through the cost, possibly, you are able to do that largely because of the increased growth and development and density and dollars that went to your bottom line. i do not want to put you on the spot of saying what would happen, but presumably, this work needs to get done one way or the other. >> that is correct. at some point, the work does need to get done, and the question is how and what is the best way to do this without really passing those costs onto residents. we recognize that. we have developed this plan with that in mind in a lot of ways. it is not intended to be anything but a fixed and a solution and it will not protect

the long-term viability of the community and neighborhood itself. supervisor mar: thank you. is that the end of the presentation? thank you so much for the great presentation. colleagues, if there are no other questions, let's open this up for public comment. we have a number of speakers. i have the cards here. if you have not filled one out, please fill one out. i will call them in the order we receive them, and we will limit people to two minutes per person. supervisor cohen has felt an earthquake. michael henderson. [reading names] >> good afternoon, supervisors.

i am managing partner of the parkmerced shopping center and also president of the parkmerced merchants association because i have a supermarket there that iphone also appeared a couple of things. first of all, when the project was on the drawing board, we were very afraid, skeptical. they were going to put a brand new shopping center. we do not have any direct access to our shopping center, so we are sort of in this little cove where unless you really know we are there, you cannot find us. our concerns were hurt by -- heard by parkmerced ownership, and they have worked with us to make sure that first of all, we will be getting a road coming in

off of 19 to our shopping center. they support the small business owners, which is 12, 13 different shops. approximately 28 to 30 different partnerships. that is going to help us tremendously to survive and to coexist with the bigger stores that are coming, and we have no problems with that. they also are going to have their shuttle stop in front of our shopping center. they have included us. that was very important. they are going to havethey wil'' directing people to the shopping center. with that in mind, we are all in support of this project. as long as our road is built and

it is built hopefully at the same -- [chime] supervisor mar: thank you. if i have called your name, come forward. >> my name is michael henderson. i live at the intersection of sunset and ocean. i have no vested interest in this of the conversation i had with my 29-year-old daughter, how can i afford to live in this city, thdad? i am fortunate enough to have bought a home years ago. i am 61. i like living in the neighborhood. if i -- i think this is a terrific opportunity.

it has run control and housing blended into one pot. it will be difficult the city desperately needs housing in needs it for my kids, their kids, it needs it for the many residents that live in the city. there is nothing going on over in that section of the neighborhood that allows for growth. it seems like a lot of good ideas. i would like to thank you for your time and consideration. >> i am for the project. they will benefit, but they have done every time they --

everything they can. this says a lot about the people in the project. the pedestrian access, they don't have to struggle so much to get to the buses. we have thought about building the lead areas and shopping. all i can say is i can really appreciate that parkmerced has addressed the issues of the tenants. we have had endless meetings, so many meetings that there is no excuse for people to not have the correct information. it has been addressed, and these apartments are falling apart. they have outlived their usefulness. thank you for taking your time.

>> good afternoon, supervisors. one of the things that i like most about this project is the way that looks at access in and out of the neighborhood. the stations, one is very near san francisco. the other is near the center of the neighborhood. it will be much disorder and easier. having a smaller neighborhood sources throughout the neighborhood, things will be much easier in a short walking distance.

bart is so near yet so far. i have heard a report that san francisco will be one of the fastest. if that is true, this project is right on time. those families will be in town and wouldn't have such a long commute. there are environmental -- they will have a better prospect for their lives. it will need major work, one way or the other.

>> carpenters local 22, rep. the ladies and economic development, that hits the nail on the head all-around, all three spaces right here. land use. it uses a land. provides homes, provides businesses for an area and sent francisco that does not have a lot of construction going on. it doesn't have a lot of movement really. this provides jobs, and provide homes for carpenters, for construction workers in and around san francisco. they could actually get a job, moved into parkmerced, serve an

apprenticeship in 20 years later, be prepared to retire. we don't have a lot of opportunities like that. let's make parkmerced the one of those. -- be one of those. >> some of you guys have met me as a former youth commissioner. i was also a former employee of the boys and girls club. i want to say that i am in support of this. me personally, and also as the constituents. it is able to help people like

me stay here in san francisco. it is getting really expensive. i have to go to oakland for a while. i really appreciate the work that they did. it is not only economical, but i love the gardening aspect of this. it is definitely the harvesting in seven it is. -- san francisco. the other thing i want to talk about her is a little impromptu. i am working now with urban scouts. i want to let you guys know, it will be fun and amazing. i would love for you guys to come.

supervisor mar: thanks, raul. >> i'm a resident of a garden unit. i want to stress upon -- over the last six months, i locked the tv company to come and repair my tv twice. it was not under warranty. it is very difficult. the fuses keep rolling off. i want to stress

[unintelligible] and there was a time i wanted to walk down. i used gps because i could not find a way. it was very difficult. it is real. they should probably take a walk. secondly, the issue about housing, we need more houses. the landscape being friendly, i have seen very few people actually sitting in the gardens. it is from all the gardens in

that area. supervisor mar: can you state your name please? let me call the last card. if your name has been called, please come forward. will and public comment in a moment. -- we will end public comment in a moment. >> i recently moved to parkmerced. i am in favor of this project. i decided on it for its value. i am delighted for the plan that is being considered now. i think it is smart growth and will help people get out of their cars. i spend a lot more on gas getting into the city.

how smart the staff is, how well they do things. if the plan has done anywhere as well as by men -- my move in, we will have great things for the city. >> good afternoon, supervisors. i am very far removed from this project, but i am involved in the community. i thought i would take a moment to address to about a couple of issues. i can see how the plan has moved forward. there is transportation funding coming through. understand the you can't go from tier 4 to tier 5. my main concern is about the tenants. i don't see any tenants from the opposing side.

supervisor cohen and mar, i am getting the feeling that perhaps these people that are usually very vocal are not here because they may not have understood what was going to happen here because it says informational only. you read something of the agenda, it means you can't speak to it. they don't understand these things. i understand that one person is a tenant from parkmerced. the translation services wasn't there. there are a lot of disabled and senior is that could not possibly made it out today. i just happened to look at the land use agenda. a thank-you -- thank you. supervisor mar: please come

forward, sir. >> my name is scotty thomas. my wife and i moved in 37 years ago. we have been very happy with the latest management of parkmerced. they brought gymnasium's and my wife and i both use them every day. they have kept them in great shape. if you compare the part that belongs to san francisco state, it belongs to parkmerced. you can tell where the line is. i hope you go along with the new project. supervisor mar: thank you. >> good afternon, i'm --