>> we will vet to disclose any or all item discussed in closed session. do i have a motion? >> [speaker not understood]. >> second. >> all in favor? >> aye. >> we will move to line item number 8, adjournment. >> i move adjournment. >> we adjourn in honor of two individuals [inaudible]. >> i'd like to adjourn tonight

in honor of -- well, to recognize jacob [speaker not understood]. she was a murder victim on saturday, april 8 at 3:00 a.m. here in san francisco. he was a graduate of rudin high school. he was a stuart at louis and clark university. he was 19 years old. it was raja ix. it's too sad, and i'd like to adjourn tonight in the honor of him and certainly our thoughts go out to his family. ~ tragic >> i'd also like to adjourn tonight in honor of the anniversary of the death of officer isaac he espinosa who was killed in the line of duty april 10, 2004. chief suhr is no longer with us this evening. he's head today an event at bayview station in honor of officer isaac he espinosa. i'd like to adjourn in hon r of both isaac he espinosa and [speaker not understood]. we have a young man from the

mission district that graduates and goes to louis and clark high school to play football and he's killed over an alleged misunderstanding, someone thinking he's a gang member. so, in their honor we adjourn. do i have a motion? >> so moved. >> second. >> adjourned.

good morning. i want is start by that thanking mayor lee for starting first. there are two stories today, the one you read about in the papers today, the deal and the process. the deal, the transaction i believe is a win win for the city of san francisco and for the medical center and the center health system. by the name, my name is gerardo. this agreement ruts results in a significantly larger hospital. 120 beds. a

significantly smaller hospital. 255 beds. saint luke's hospital will be 25 of all the cpmc. it will continue to provide the level of care with no financial conditions or projections and i think we have solved what was an issue and initiated on the side of the hospital. over and above the on going care obligation of the hospital. the agreement is $90 million for cash benefit and others related to health care, affordable housing and pedestrian safety.

that's an overview of the deal and you will hear, i'm going to be to make some acknowledgements an those that negotiated the contract, the development agreement as to specifics. the process was one that i came into with somewhat or some bit of trepdation. i have been involved and know what i know from the board of supervisors from what i read in the newspapers. i was concerned about what it would be like to work with these young people who are responsible for the legislative function of our government. i also realized that by san francisco definition that i was dealing with supervisors of three

different levels, left, middle and right. and i need to say today that i have never been so impressed in my life by politicians to watch them come together as one and to develop a strategy along with a hospital team for the common good. [ applause ] >> we developed together a process that was transparent. the members of the board of supervisors and the members of the team were able to see all the numbers, budgets, projections and brought in expertise to verify those numbers were real number. we

got educated together. we politicized together and then we built trust. i'm not saying it's perfect trust, but we built trust. so i would like to single out david chu, david campos and mark ferrel for the great job they did. [ applause ] >> the mayor's office in particular a great deal of debt. he did a great job. i just don't know who i'm going to talk at midnight anymore. [ laughter ] . i also want to thank people from the department of public health and others from the mayor's office. but colleen chav an and wagner were

instrumental in helping us understand the projections and understand the construction cost, etc. i would also want to acknowledge the hospital team, mike, warn browner. ceo of cpmc, [ applause ] george, i want to say is it w u. and john gates creative cfo who works at the hospital and the chairman of the board mr. bob -- [ applause ] . throughout this process, i had the luxury of a number of people helping and counseling me and encouraging me, but i would like to particularly

thank bishop mark andrews who has been a tremendous supporter of saint lukes. and last but not least, i want to thank the san francisco coalition. we, as part of our process had meetings with the coalition in my office, their executive committee that varied from 10-13 in size from meeting to meeting and also their liaison mr. mark kumar who kept everyone a price apprised of what we were doing. i know that san francisco is still a city that knows how and wants the city to work and cares about