incredibly exciting report. i hope you look at. thank you. >> thank you. >> next item. >> the next item would be the consent calendar. all matters listed are considered routine by the san francisco public utilities commission will be act on base single vote of the commission. terms and conditions offers the general manager to access on behalf of the city and county to extend the term for two years under the current lease at rawlings work and at burning game. -- burlingame. improve the election and water improvement program funded agreement, engineering service,

fish passage facility within the alameda creek watershed and authorize san francisco public utilities to execute a public service agreement with the u.s. corporation in an amount not to exceed $2,000,000.300000 -- $2,300,000. the contract and pipe installation on new mcgovern, stevenson, to the lowest qualified responsive better to replace renewed aging water pipes. -- the waste-water facility alighting efficiency at no. friends the oceanside to replace aging high intensity lighting features with high efficiency light a meeting diode fixtures

for a contract of $500,093. -- 500900 -- 5000 -- >> so moved. >> we have no speaker cards. >> all those in favor? >> opposed? the motion carries. >> the next item is regular business. discussion of possible action to authorize the general manager to enter into equipment lease purchases with bank of america not to exceed $8,291,070.87 in qualified energy conservation bonds and $6,600,000 in new, clean grenoble energy bonds for installation of qualified equipment in the office building project at 525 golden gate ave.

and authorized legislation to the board of supervisors for review and approval. >> good afternoon. i am the deputy chief financial officer. i have a few slides, mr. secretary. we have two requests before you today bundled as one item. we have to capital financing requests for green-related projects within the enterprise. we have project budgets that have been improved over the past couple of years. they require financing at this time. it has been about three years since we last shared with you capital financing. the last one was in 2008. we'll just go on. we have about 14 $29 million in project expenditures that will be funded with these two

transactions. we have what are called qualified energy conservation bonds and 6.6 5 million in clean, renewable energy bonds. these actually result from a federal tax credit allocations provided to this city for green- related projects, specifically those of these provide a tax credit similar to what you may recall from our water financing with the build america bonds. it is a similar concept. the interest subsidy brings the overall borrowing costs under 2%. if we were able to pull the trigger today, they would be closer to about 1.2%. very, very low borrowing costs for us. we do anticipate these transactions to occur. the qualified energy bonds of

december and the financing will occur in the spring. this is to fund the green components of our new headquarters building. solar, wind, the living machine, which is the water treatment, solar to control temperature and lighting within the structure. three projects will be funded with these moneys. the in line of micro hydro, which is a small generation plant placed within the water distribution system as well as to traditional solar projects. in terms of vendor outrage, we can best pretty much every firm that does this sort of financing. six of them responded and bank

of america came in at the lowest cost. bank of america was the provider three years ago. they are familiar with us. i can appreciate that the doctor -- the documents are low-volume this. but keep in mind there are two sets of documents for the two transactions. but if i could quickly walk through what has been provided, the purchase agreements describes the equipment pledge and repayment terms. the acquisition fund agreements describe how the bond proceeds will be held and how reimbursement will be claimed for project expenditures. the filing agreements describes the relationship in terms of filing the appropriate documentation with the irs so we get our subsidy that we absolutely need to bring our net costs down. for the financing terms, we are aiming for 16-years and

borrowing costs under 2%. we will more than likely be in the 1.5% range once we move forward. i do want to thank my a debt team under the new debt manager, along with his folks. they do all of the heavy lifting as relates to the bond transactions, not just this one. i like to thank them for their support and i'd be happy to take your questions. >> that rate is extraordinary. >> you cannot be dead. >> comments, questions? >> i think it's very exciting. thank you for all your hard work. it's great to get these rates and projects going. >> thank you. >> some time ago, i sat down with taut and charles and we reviewed a few things this is

talking about getting educated on issues. we had a real good conversation which has allowed me to talk to many university students about the bonds and other stuff. these two gentlemen will tell you that i left a happy camper. i did ask them questions that never expected me to ask because most of my questions dealt with issues in the community which comes to the point i'm going to address now. i was at a meeting with city operations where we are taking how we do our investments. talk about the municipal banks and models used in the quarter.

i think todd will enlighten you on that type of model. what i am pleading on behalf of the 99, because i and advocate, you know. we have the 1% and i belong to the 99. we do not have too much money, but hopefully we have a good heart and hopefully we can speak the truth, and hopefully we can do some good action so that when we leave this world, we leave a better place. when you say bank of america, i kind of get a heart attack. you know the bank of italy and their headquarters was in san francisco and now they are in

north carolina. i know how the takeover took place. todd and charles -- hopefully they will look at ways of investing and stay away from any entity that has a lot of toxic loans. any entity that has participated in that algorithms, where they brought the downfall of our economy. thank you very much. >> thank you. >> i believe i need a motion. >> so moved. sion?

all those in favor? opposed? the motion carries. next item. >> item 12, authorizing the general manager of the san francisco public utility commission to execute on behalf of the city and county a lease for the chevron pipeline company pursuant to charter section 9.108 and requests the director of real-estate division prepare and submit legislation to the board of supervisors to approve a 20-year police in alameda county to operate and repair existing petroleum product pipelines for an annual rental payments based on appraisal in the amount of $10,000. >> good afternoon. i am the real estate director and i'm here to ask you to approve our third lease with chevron pipeline company in this location. our staff report is comprehensive and i'm happy to answer any questions you may

have. >> commissioners? >> i think that was very clear. this goes back a long way to leases with chevron. if there are no questions, comments -- >> quick comment i see no reason not to move forward with the item. i appreciate to meet with staff and discuss ways to move forward and hopefully get a little bit of advice from the city attorney's office and discuss how moving forward, these leases will address in particular maintenance agreements, especially outside of the city limits. i appreciate your time and time staff has given me so that we can kind of move forward. i look forward to having those meetings. >> thank you.

"may i have a motion? >> so moved. all in favor? all opposed? the motion passes. the next item is a closed session. he would call for any public comments in a closed session? >> any public comment for the items we are hearing in closed session? >> if you would entertain a motion to invoke the attorney- client privilege and allow me to read the item and move the motion. >> so moved. all those in favor of? the motion carries. i will -- >> i will read the item. >> threat to public services are facility, consultation the agency chief of security,

conference with legal counsel, existing litigation of the defense -- conference of legal counsel, anticipated legal obligation as a plaintiff, conference with legal counsel, existing litigation for the existing litigation for the county of san francisco. >> we are now back to open session. the announcement is item 15, no action. 16, no action. 17, no action. 18 failed. may i have a motion whether to disclose? >> motion not to disclose. >> second. >> all those in favor? oppose? motion carries. asking our there's any additional business -- asking now if there is any additional

business. >> i would like to raise now in the event that we discuss it in more detail later. i see a letter here from larry mazzola jr. regarding matters surrounding leaves of absence and policies. while i do not believe it is within our jurisdiction to deal with the personnel matters at the distribution yard, and i want to be kept in the loop on how we resolve those issues. there are also questions we would have as well. i just wanted to ask that we would have a conversation about that. >> ok. any other business? seeing none, this meeting is now adjourned.

>> this lodge is home to some of the best fly casting pools in the world. these shallow concrete pools don't have fish. this is just a place where

people come to practice their fly casting technique. ith was built in the 1930's and ever since, people have been coming here to get back to nature. every year, the world championship of fly casting is held in san francisco and visitors from all over the globe travel to be here. >> we are here with phil, general manage of san francisco rec and parks department at the anglers lodge. what do you think about this? >> it is spectacular, travis from oregon, taught me a snake roll and a space cast. >> there are people from all over the world come to san francisco and say this is the place to be. >> yeah. it's amazing, we have teams from all over the world here today and they are thrilled. >> i flew from ireland to be

here. and been practicing since for the competition. all the best casters in the world come here. my fellow countryman came in first place and james is on the current team and he is the head man. >> it's unique. will not see anything like it where you go to compete in the world. competitions in ireland, scotland, norway, japan, russia each year, the facilities here in the park are second to none. there is no complex in the world that can touch it. >> i'm here with bob, and he has kindly agreed to tell me everything i need to know about casting. i'm going to suit up and next, we're in the water. >> what any gentleman should do. golden gate angling has free

lessons the second saturday of every month. we have equipment show up on the 9:30 on the second saturday of every month and we'll teach them to fly cast. >> ok. we are in the water. >> let me acquaint you with the fly rod. >> nice to meet you. >> this is the lower grip and the upper grip. this is a reel and a fly line. we are going to use the flex of this rod to fling away. exactly as you moved your hands. >> that's it? >> that's it. >> i'm a natural. >> push both arms forward and snap the lower hand into your tummy. push forward. >> i did gave it a try and had great time but i might need some more practice. i met someone else with real fly casting skills. her name is donna and she is an

international fly casting champion. >> i have competed in the casting ponds in golden gate park in san francisco. i have been to japan and norway for fly casting competition. i spend my weekends here at the club and at the casting pond. it's a great place to learn and have fun. on a season day like this, it was the perfect spot to be. i find fly casting very relaxing and also at the same time very challenging sport. takes me out into the nature. almost like drawing art in the air. and then i can make these beautiful loops out there. >> even though people from across the globe come here to compete, it's still a place where locals in the know relax and enjoy some rely unique

scenery. until next time, get out and play! >> good afternoon. i have wanted to say this for some time. thank god for heroes. thank you very much. [applause] thank you for being here this afternoon to do something that is a great, great celebration

for our city. last october 19, while driving her daughter to school very early in the morning, she saw a crash, a very horrible crash. she decided she would stop. she decided to take a look at what occurred. as she saw the flames and the truck overturned and noticed there was somebody in the street, she stopped her car and got out. she did not hesitate. she went out and pulled somebody out. in danger to herself and she had no hesitation. as a result, she saved somebody's life. in fact, she saved a life of mike, who is here today. thank you. [applause] we have invited her here today,

not only to praise her, but we ask that she bring her whole family. one of the things i have been thinking about, personally, we not only wanted to recognize her with our fire commissioners better here today, fire managers caught fire chiefs, police chief, and his command staff. they all know what heroes look like and feel like. they wanted to join me in this celebration. i also wanted to tell you -- not only did she act selflessly, but there is something there where you are trying to figure out whether or not you would have done the same thing. to know that she did this by instinct almost, as reported, without concern for her own safety and saving somebody's life, i have to say that i

wanted her here. i wanted her family here. a lot of times it's not that you learn this in school or friends. instinct, sometimes, is a reflection of your family. thank you very much. [applause] i know you're very proud of your family. when instinct comes -- you look at who brought them up. i think it's a reflection of the family, the values, things they are talked. -- things they are taught.

growing up, you learn things that are instinct of character. i wanted to make sure the family got the recognition here today to you are part of her heroism. it takes a family to raise somebody who has the right instincts to do what it is. thank you to mike and the royal trucking company for their support. this is the first time you have been able to meet each other. it's a great union. it is what we in san francisco have been so proud of learning and understanding. on behalf of the city and county of san francisco, i want to present to you are signal of being a hero for us and even to our own heroes in our fire

department and police department. i want to present to you, on behalf of the city, a signal for us. if i could then present to you -- [applause] this award. it is titled, "the city and county of san francisco goods american award presented to kena williams in recognition of your heroism on december 19, 2011." "your city and your mayor is grateful for your courage and bestows this good samaritan award to you today, october 17, 2011." [applause] i present this to you, as well. >> thank you.

>> we just gave something here. a new backpack with a lot of goodies in it. ok. now i would like to have the fire chief come up. >> i cannot wait to go to school. [laughter] >> thank you very much, mr. mayeor. after we in formally acknowledged last week, a lot of people from the media came up. if i could echo what i said last week -- what you did was phenomenal. it made a huge difference. mike is with us today. i know you two will always have a special bond because of what you did last week. like i said to you, you played a

special role, too. you did exactly what your mom told you to do. you state in the car so she could go out and do what she needed to do. a lot of people would not have done that. especially having your daughter in the car -- like the mayor said, you did not hesitate. it was instinctive. for that, all of us that where the uniform and have the training are in complete awe of what you did last week. at 22 years old with a 5-year- old daughter, it has got to make you feel good. i can tell what a special bond you have got. you have got your daughter here agree you have your mother, your grandmother, your aunt, and other relatives. i know mike had a chance to talk to you yesterday prove he probably wants to say a few words, as well. i know he loves you. the media will want to talk to you, as well.

people were inspired by your story. it's incredible. thank you very much, on behalf of the members of the san francisco fire department. we really appreciate it. the chief appreciate it, as well. we are tr training or the equipment. you did it. it's an honor to know you. [applause] >> in addition to our commissioners on the fire commission and our command staff, i also want to thank the supervisor for being here, and the royal trucking company mike was working with and is working for, and their support for kena , as well. would you like to say a few words? >> of course. >> all right.