every time you hear about a major company like river bed making a decision like this that is very significant, this is their headquarters, but it is their global headquarters. to suggest a 10-year lease is important. they have over 500 people working today. this additional new space than they have signed a 10-year lease for has 160,000 square feet that will allow riverbed to grow and potentially add over 650 additional jobs on top of their 500. i.t. work is growing in the city. certainly, we want it to grow. we have a lot of i.t. solutions to be had.

riverbed's technology is important, allows technologies to have i.t. management's -- companies to have a i.t. management from the date of filing to storage, all those wonderful things that technology people will have a much better way to explain and i do. i do suggest to you that this is, yet again, another example of how we are working with ceo's to make sure that we sit down and talk. it was literally last fall that we sat down. we knew they were looking, they knew they were growing. it was not going to be in some other place that we would lose them to. we had some great partners. we just came together very well and focused on what we could do to make sure they stayed here. they know there is talent here.

that is not a question. but are there other things that stabilized their ideas come interest to work here long term, and growing here, as we have had that philosophy. we want i.t. companies to stay here and grow. as a result, we are evolving our policies on a weekly basis to continue attracting companies like riverbed, making sure they feel comfortable. the end result is more people get employed. you will see numbers continue to go down in our unemployment rate. it is at 7.6%, but i am guessing that it will go down further, hopefully, with all the companies that are still talking to us about what we can do to help them. as we do, they are hiring left and right. it is exciting for me to join today with jerry, let him explain what it is they do, in a very detailed way.

again, it is the team, what the city does to make sure we stay as the innovation capital of the world. thank you very much for allowing me to announce this. we will have a chance to visit their bed soon. i think, -- river bed soon. i think, once they get their release started, they will move in in 2014, and then that goes until 2024. i hope to see them continue to grow. we will be down there cheering them on, understanding more about the involvement of their products. >> riverbed started in 2002 and it is exceedingly gratifying from where i stand to see a company of its size and stature in the technology world, make a decision to remain in san francisco and to grow its global headquarters here. with that, i want to introduce

the ceo of your bed. >> thank you. it is exciting for us -- we just announced this internally to our employees on friday. we sent around a photograph of the new building. when you work in technology in the bay area, you realize every day it is a war for talent. we are fighting to get the best and brightest. it is all about and look for property, and that comes from the minds of the people we attract. we found san francisco is a key location for attracting that power. my business partner and i started the company 10 years ago. we will be passing 1700 employees worldwide, over 500 in the city. that number will grow and grow. starting on our second decade in the city and hopefully for a long time to come. we are a little unusual for technology companies in the city.

many of them are web-based companies. we are a deep, in the strongest drink network technology company. we make heavy-duty equipment for the largest government and corporate networks. we are more like cisco foor othr companies like that. i had to have some discussions with my early investors while i was not in silicon valley. i am glad we had that conversation, made the investment. we had a good run here. we just finished a quarter of $200 million, $800 million run rate. we hope to pass $1 billion soon and we soldier forward as we move into our new headquarters in downtown san francisco. >> we would not be here celebrating a police announcement without a building. i encourage you all to look at what 680 folsom street looks at

today, juxtaposing it with these renderings. it is not only good for the economy, but for the urban landscape. i want to thank michael for his work to date for helping to transform this location. >> this is about the 20th project we have done in san francisco. it is visually challenged in its current state, but we think we have put together a great design. our partners and others have hired the best architects with som -- one of the best, sorry. we are pleased with the design. both jerry and his company had decided to go here, but it was also the mayor and city office hoping to keep technology companies here. it is a joint effort. after you take up the skin of the building, it has amazing attribute that you have read about in our press release.

35,000 feet square plates. floor to floor slabs in the city, which is unusual. that tenants in this building will have some amazing space, some amazing views, and our r ehab will be as good as anyone. we are happy to be involved with the city. thank you very much. >> it really did take a team of folks to bring this deal together. we had great assistance from david from lasalle in helping to close this deal for the city and riverbed. >> good morning, everyone. it was a real honor to represent their best technology in this transaction, a 14-month process. i want to thank and congratulate jerry and his real estate team for the pro-active way they have

managed their headquarters, getting a head start. mike and his solid team of putting this building together. mayor lee and jennifer for the continued great work they are doing in helping us represent some of the leading technology companies, here in san francisco. it is a real pleasure to be here. thank you very much. >> we are going to break and then the mayor will take questions. not at the podium.

>> and the morning and welcome to the public safety committee. i am john avalos, joined with supervisor olague and supervisor mar. gale johnson, can you share your announcement? >> people attending this meeting are as to silence their cell phones. if you wish to submit a speakers card, but this in the container in front of the. if you submit the copies of the

materials to members of the committee, please have another copy for the file. this will appear on the february 28 board of supervisors agenda. >> if you could please call the one item? >> the ordinance amending the san francisco environmental code, section 400, and adding 402, for the existence of the existing commercial buildings for bicycle parking that will allow the tenants to bring their bicycles into the building, providing that the ordnances operative date is january 30, 2012, making the environmental finding -- >> thank you. colleagues, at long last, this legislation was first introduced back in september, this has come

to committee. i am happy to be moving this forward. this is up to 20% -- by bicycle. i fully support the goal. we want to get to this important goal, part of this is establishing the infrastructure for the bicyclist in san francisco so we may have community benefits for people working in san francisco, to cover the cost of cycling. one incentive is that we can make certain that bicycles have greater access to the buildings that people work in, especially buildings downtown, where a lot of the bike trips go. with market street and folsom.

we need something to make this happen. currently, the new buildings that are built, they provide space for by cyclists, during the day. this legislation will work with existing buildings, to require that the people who manage the building allow the bikes to enter the building. either through creating a bike parking area in the building itself, creating space in the building or allowing the tenants to allow the bikes in. this legislation is something new. i am excited to move this forward. if you are an employee, in a building that would fall subject to this piece of legislation, it is not like you have the ability to move your bike into the building, but you have the employer who could make certain

that there is space in your office to park the bike, and how space can be created. they would be able to decide on the space being available, and how this can actually fit in the space itself. the building owner and manager would have to make certain that the building was open and available for that relationship to happen between the tenant, and the employees who are cycling into the city. if, in a building owner or manager is not able to fully comply with these limitations -- and set limitations on the access to the buildings, they would have to be required to create a bicycle access plan that would go to the department of the environment, to be positive -- this would be reviewed by the san francisco

metropolitan transportation agency to make certain that we are being compliant in ways that access can still be managed by the building owner. and this will be done by the liveable streets, or part of the mass transit authority, or the bike platers in the mass transit authority department. i don't think this legislation is very complicated. this is something that moves the city forward on the 20% by 2020 and has the support of the building owners, and we have done early at reach to help create this legislation. these are people who are responsible for looking at the commercial sector of downtown san francisco, and to have their input on this was very valuable. this legislation could not have

been created as well without the support of the san francisco by coalition. i want to thank mark for his work on this, and the director -- and of course the members -- a couple of them are here today as well. i have a lot of females from the members who are very excited about this legislation going forward. i am happy we have the opportunity to move this forward today. we have several co-sponsors for the ordinance. supervisors kim, campos, and olague has expressed that she will be a supporter as well, a co-sponsoring. david chu is also a co- sponsored. for this radical piece of legislation. with no other comments from

committee members, we can go to public comment. >> managers association of san francisco and in -- we represent the commercial real-estate industry in san francisco. i am here on behalf of the membership to support this legislation. i would like to thank the bicycle coalition and john avalos's office. this helped to craft the ordinance in a way that we could implement affectively. i am here to answer any questions that you have. thank you for your support. >> supervisor olague? supervisor olague: is there anything that would prohibit landlords from charging fees for storing bicycles in those

buildings. >> currently this legislation does not have a prohibition for that, i think they allow for that to happen, without expressly stating the opposition to that. i think this may fit -- the way that parking is handled in commercial buildings -- as long as this is a reasonable fee, this is something i am open 2. are there any other members of the public who wish to comment? >> i am mark as well-- caswell. thank you for being co-sponsors. this is a smart and cost- effective way to make certain that san franciscans will have a safe place to store their bicycle during the workday. those who are discouraged because they don't have a secure

place to park their black right now will be helped by this bill. i want to thank the building owners and managers association, who worked with to create the solution to help keep employers in san francisco like oracle and twitter, to make certain to keep them in san francisco. 20% of the trips by 2020. they allow for them to have a place for their employees to store their bikes. people who are helping to keep the economy going in san francisco. as fighting continues to grow, we hope that many buildings will invest in by grooms, and as large employers consider this we will see building owners do this more and more. i think this is a great interim solution to make certain that

there is secured by storage as the real-estate market catches up to the demand we see in the next few years. this is a very elegant and effective way to do this and i support avalos crafting this. and the employers talk about where they will store the spikes in the rental space. t encourage more people to bike. someone may say, i want to store this in the conference room or somewhere near their desk. i want to thank all of you for your support of this. >> we have a question? supervisor mar: thank you for your great work on this. we are lucky to have a good bike area. i should try to do this more

like my colleague. this is modeled after a law in new york city. what do we actually do more than the ordinance provides, looking at other cities, not just in the united states but across the world. >> to speak to the new york legislation, this is limited to buildings with freight elevators, which is a small amount. the building that my office is in, i would have had about a quarter mile to my trip to go around the back of the building, to a not well-lit area, where the garbage is, and the compost. we worked hard to get this at the office. if i leave late at night, one of my colleagues, there may be some safety issues there with the freight elevators. this bill goes a step forward by saying that -- it does not only

say freight elevators. this improves people's ability to ride. beyond that i am not aware of any other city with legislation that would allow them to bring their bikes in. >> hopefully other cities will follow as we hopefully pass this. i want to thank them for being visionaries, looking forward to a transit-first and sustainable city. >> and other any other members of the public who wish to comment on this? >> i am douglas yap. i lhave lived in san francisco 60 years. i would like to speak in support of this ordinance. i would like to put a reminder

that bicycle-writers are supposed to stop at stop signs and red lights. i see this all over town and i know this is not my job to say anything, but sometimes i am very tempted -- to tell them they should stop like everyone else. i want to question, as a public safety issue, if the city requires by writers to have lights at night, because when i am out i see a lot of people sitting around with no lights or reflectors. this is an obvious public safety issue. in this large room today, i would like to bring this out for the record, why there is only one item on today's agenda. if you need something to talk about, i suggest talking about the freedom fighters in syria. >> we will keep this directly on the legislation before us.

>> i have no problem with that. as a public safety matter we should focus, to remind the bike riders that they have to stop at stoplights, and stop signs. thank you. >> the next speaker? >> i would like to start by thanking you for giving me the chance to speak. i am a marketing director in the high-tech injured -- industry. i have written my bicycle to work for 15 years at four different companies. at all companies, my employer was very supportive, of my desire to ride my bike. and i could keep my bicycle in my cubicle. in one company they set aside a " rigid set aside a clause that not only for myself but the other co-workers could keep our

bicycles in their, protected from theft. this definitely impacted by continuing to commute. if there was the risk of theft i would not do this. i want to make certain that my bike is secure. i go for the building and makes certain that she is not damaged. and the building is not damaged. by having my bicycle in the office, this inspired a number of my co-workers to start commuting. especially since my last job, i could wear an outfit like this. if we will meet the goal of 20% by 2020 we have to raise the awareness of having blacks in the workplace. i would like to thank you for listening to me in supporting this legislation.

i am grateful. >> thank you for being here and your comments. >> excuse my voice, i am losing this. i have lived in the city since 2001, biking to work every day since i have been here. all of my buildings and company has been supportive. my bikes are also my babies. they have a great sentimental meaning to me. my company moved into a new office building, downtown. the first day of work there, i am one of the first employees to show up. i am prohibited from taking my bike up. we found another accommodation.

this was one of my babies, i could not lock this up. i switched to riding a bike i could afford to get stolen. the building does offered by a parking facilities inside, but they are simply sub-standard. you cannot remove the front wheel and lock the frame, there is not enough space. the building manager said that this is first-come, first-served until 9:00. there is no way to secure these, and many of them are not locked up. i have been working with the building manager to offer alternatives. they are making steps forward. to accommodate more cyclists. hopefully more safely. my question comes down to the wording of the legislation, which includes the word safe and secure.