to realize this port goes to a wider use. so this bill really helped us to improve conditions. we know this is a water level front and our partners at mission rock have done a good job of looking at the water rise and this will be able to maintain this and adapt to rising sea levels. but i think this is one thing we can see happening longer than our waterfront that is currently

protected by the seawall. but through the port districts that the board approved recently the project revenue could be used to help us with the challenges of the water rising. this is sort of sektd a policy pilot by bringing those concepts into this framing will he will with the framing. so with that i'd like to wrap up our presentation to talk about the other steps coming. the termination of declaration feasibility if we were able to achieve that we would move on to the entitlement process and mrs.

the planning of their work on the actual land use and entitlements. we would work with the state agencies to address the other plans that incorporate this area and the 15 requirements to make sure the development can move forward and in addition during that time of the entitlements period reasoning with the o e w d and the port commissions we'll negotiate a master lease and the documents that are going to move this though. we have the master leases and that's the overall summary. >> one quick question i know we'll underwear the budget analyst and talking about the 90

day acquisition. >> and thank you supervisor we have had a dialog with the budget analyst as well. part of the deal a predicated on the developer and those will be paid back through the proceeds of the developer return on the cost the sooner we can pay that off that saves money. i think the budget analysts point is we should do that early on and we can limit that return. we fully agree with the intent there we think the timeline

should be as quickly as possible. i think we're in agreement with the budget analyst we not to reflect that to make sure that's done as quickly as possible >> any other questions at this point? that were i just want to thank mr. williamson and the other gentleman and it's great to have a representative from the giants here. it seems like there's not many residents around the project but where will there be discussions about the taller projects and the height and the transportation when will that be discussed? >> thank you. those discussions are literally ongoing today as i showed in that early slide. but from the beginning by public

comment from the prer f b phase. so we tried to echo that in our thinking. by as i mentioned we city hall still keep the dialog going. we know we need to be and want to be kind of unique to create this neighborhood we're trying to a create it will look different than mission bay. exactly how that looks we don't go know yet. by to answer oyour question thi summer for sure >> it looks like puss he lives of manic to make it finally but

surveilling down toward the waterfront area. i know the last one has the best view along the open space and parks but i'm i hoping the neighborhood and others have some entity into the massing and the scaling down of design >> exactly and a few sections on your comments. what you see in that last slide some of the design principles you you can see the height actually, the heights on this side is good. you preserve sunlight here. so things like that have informed the design as well. thiokay. thanks. point we'll mr.

rose to our budget analyst report but if we can address the whole 90 day report. going to page 33 of our report the mission bay project is fiscally feasible. hover we point out there is the financing for the parking structure currently represents $6 million plus. we recommend that you amended the proposed resolution to amend the 3 recommendation in the transition documents the d da and report back to the board on those recommendations at the time that the board of

supervisors hearing on this documents. now the first recommendation mr. chairman is on page thai that the seawall rock and the port should establish fair market value and they should accept the entitlement based on that fair market value would any of the words that states within 90 days of the effect date in order to minimize the subject 20 percent return on equity. in that term mr. jack bear has requested a wording change to that remedies and that wording change after the words effect date to add or a quickly as

possible in order to minimize the amount. we believe that that requested wording change is reasonable and we're relating that to be included 40 in your report >> the section remedies is myths rock final transaction should express that the seawall lot associates investment entitlement and horizontal costs and then the port the third remedies the port should explore rather than have the entitlement and infrastructure costs i should say fund all of the entitlement and horizontal infrastructure costs.

finally, we recommend that i all the time the proposal that the port to report back to the board of supervisors on the finding shudders for the parking industry as soon as the lot has been final listed and we recommend the resolution and would be happy to respond to any questions >> thanks for that clarification. colleagues any questions for mr. rose? i see at least jack bear from the giant thank you for being here. colleagues any other questions seeing none i'm opening up for public comment. i have a number of speaker cards

(calling names). >> i am a minute of the spurs board of commissioners and presenting to the committee is the first step that the project sponsors have to come up. just to give you a sense of what the committees about i'll read a short statement it is to consider projects that are of citywide importance and to evaluate them to public interface and environmental design. in all cases we're looking for the positive contribution to all the people who live and work in

san francisco. so the giants came last december and presented this to us and we give them positive comments. this is a pretty good project and we think the giants have succeeded in coming up with a waterfront ice and looking forward to seeing to lie down - an excellent plan and our committee is very much in support of the project. thank you and thank you very much >> thank you. next speaker (calling names). >> good afternoon supervisors

i'm ms. woods i co- chair the advisory group i chair the citizens advisory committee and i'm a neighbor of the project. i can talk to the supervisor about the community and what we've - who has been involved in this. we've been working on this project for 6 years. and i think we fight about heights more than anything else but the community really likes the project the scale of blocks and the have a seat of uses and footprints and such. obviously we like the open space. it's very important to this neighborhood. the giants have been very

receptive to the idea of having childcare facilities in the project which is important we have a lot of kids living in the neighborhood. and we want to keep them. we have some issues that need to be addressed. the community would like to see hindu basin park build in phase one of the development we hope we can figure out a way to fund it. we also want to make sure that the heights are appropriate for a balance with mission bay and also accepted by community. that's kind of still has to be resolved and, of course, the transportation management plan and the coordination with the waterfront assessment are important. we support the budget legislative analysts

recommendations and hope to move forward. thank you chamber and our aligns for jobs. the giants have coverage with a great project and we're proud to lend our adoption. this comets a project for myths bay that started with senator feinstein. the old waterfront endless of our city and making them vibrant economical engines and housing opportunity for san franciscans. the city streets are built out at street level but the city

still can partnership with the giants. it meets the open space goals and with theentral subway project it the intersections of third and fourth streets. it's a great project for the supports franchises and we strongly urge that's approval. thank you >> thank you. next speaker. >> morning michael with the iv w with the local 6. we commend the giants on they're hard work in working with the communities and the labor on bringing forgot the project. it's feasibly responsible and a good use of this property. i began working on the shipyards and watched the myths bay

projects going up and finally, to see the new police headquarters and the housing and hospitals and the low. housing and all the pieces coming together it's an exciting project. it's tendon look to to shape and we need to move forward and i ask you to accept this time sheet and move it forward >> thank you. next speaker. >> good afternoon john with the san francisco traffic association in support of today. 16.5 million visitors came to san francisco last year and spent nearly $9 million. 98 percent of those visitors

want to return to san francisco. we know we need to provide new experience or so this project creates a new designation for your visitors that provides open space to the visitors and also at the same time the potential for programable indoor space. our conventional folks tell us their also looking for new open space. additionally it provided an acti actiony area. and this would help add security for those reasons move the project forward. thank you >> thank you. next speaker. >> moing.

i hold my position for the greenbelt aligns i'm also an architect. our organization has been involved in this process in 2008 before the giants were selected we came up with a letter we sent to the port and we're very pleased to see the product that's come out of that meets many of the elementss we made operational the urban design and small street grid as the parking strategy that would be done. we're also very pleased to see the thousand unitssuort 2 thnd residents they will

be using our difficult rental market that currently exists in san francisco. for comparison you know to throw something out there on market it was almost 8 hundred units we recognize the opportunity 40 for a complete neighborhood with significant transportation improvement and bicycling improvement. we think it's a great plan and we appreciate those folks coming to our committee supporting that. we haven't taken for endorsement yet but we look

forward to that >> thank you. next speaker. >> good morning i won't repeat what my chair said. in our discussions as this has evolved we're mediator please don't make it do allocate admission bay and they haven't. this should look like small blocks dense and one of the things that's not been initiated t is the design. we that this gives it a wonderful responsive neighborhood. we like the did he emphasis on the automobile. the elevated inclusive areas to

address the real badly met needs for workforce housingethings th's been needed in the city. we're not threatened by the heights. and certainly there be about discussions about the height but you can make at all graceful buildings. we think this is a good location for it. then on a personal note my families has had tickets to the giants stadium since it opened and it can't be overstated that this wonderful transformations this neighborhood has gone through move this afford

>> thank you. next speaker. >> good morning just as ms. woods reported the giants have been consistent in they're out reach to us and have reached out to communities advocates. and i know that there are a great many details to be worked out but the term sheet they presented to you had a good framework we ask you move it forward >> thank you. next speaker. >> morning i'm john the president of the bank brewering company. we've been making beer and have doubled the number of employees we have. we recognized about a year and a

half ago we realized we would eventually out grow ourself and discussing this with the giants and jack and john and fran they were the ones who made the introduction to the port for a variety of reasons we have now committed it that. the top of the list is we're delighted to be in partnership with the city of san francisco and the residents and the port. we love the faculties a historic building on the pier and it will maintain the manufacturing fashion of its or begins.

we can think of no better a partner to have and we wholeheartedly support this missio rock and project >> thank you. next speaker. >> good morning the biting line this this is an exciting opportunity. most of us who like baseball. and do a lot of work around jobs and community partnerships. and one of the things in the last couple of weeks i want to clarification on because there's been some local higher. we want to see local higher and through this conversation i

think we arrived at the place that the local hiring should be a part of this agreement. i think there's a letter going around to solidify this to work with the giants, trades and other organizations for the city to do. it may have already happened but i think that would be important. it's kind of one of the reasons why organizations that typically don't come out and say yes on projects i think we're here today for that and we want it clarified. it will also - you start to have similar frameworks it's great for the community good for labor by you got asked the questions

and our friends maybe the giants can answer it. i think the giants might be on board if that's the case we're there and it's full steam ahead need clarifications. >> thank you. next speaker. >> good afternoon board of supervisors. i'm the president of bay. we think this is a neighborhood project and we really support it but what our position is on the neighborhood project should be built by local businesses and local workforce. that will help san francisco and the san franciscans to enjoy the

stability and prosperity and better living. we are happy that giants and go to set up a mandatory 25 percent local hiring. we hope you can move forward for this entitlement thank you >> thank you. next speaker. >> i'm here today also in support for the project. we see a lot of development coming through this project and with that development there will be opportunity for job placements. i support the resident from san francisco that come from decide advantaged san franciscan community. so we're very pleased to hear

about the giants working with the communities and make sure to say union hiring and vienna support of the project. >> thank you. next speaker. >> hello local 82. not only have the giants been a great partnerships for the community >> thank you. next speaker please. 61m joseph scott with local 2 project asou know is one of the several important decisions that will come before

you on waterfront projects. sometimes, people think that the building trade unions will support any jobs that come up because of the construction but this is not the case. if the project is not incriminated to the workers we also like the opportunities where the local community members because of the big part of the what the labors don't increase in in this case, the giants have signed an agreement using the city local