/taoupblty to /kraoe /kwraet a will provide a practical and inherently [inaudible] for the establishment of cross cultural [inaudible] visiting students, educators, school officials, business lead /ergs and government officials to the san francisco bay area to general rations to come. making available arena seats [inaudible] educators government leaders to purchase they will have the op

/taoupblty to initiate and develop creative relationships for their schools, students and officials as well as inspiring cross cultural business, including mexico. as all /thaoelz these herbal shoes and /khal ever everywhere /#0*eu6r7b8gs for the benefit of the public my proposals on my website. thank you. >> any further public comment? please identify yourself when you come up to the podium. >> good evening. my name is

mark mcdonald. i'm a /rez /tkepblt resident in south beach. we have provided feedback throughout the project's along our beautiful water front. [inaudible] came as a great surprise we observed that the southeast tower on seawall lot 330 was actually increased in height from 150 feet to 175 feet, which is 70 percent higher than current zoning allows. needless to say a large number of residents were very concerned about having a 175 wall built in front of our homes, and we are concerned for the disregard the

designers have shown for our family's homes. i would /r-pltfully repeat our prior requests that the building heights specifically the proposed tower on the southeast corner of 330 be significantly reduced. thank you very much. >> thank you. are there any further public comments? hearing none, we'll move to the next topic. commissioner, soy write. >> thank the warriors and their team for their making

adjustments towards the feed back that they've received so thank you. >> i want to say thank you. that was a great paren /taegs and we have come a long way. and i think from the speakers we have a little ways to go and it'll be great to see what happens with the land use and maritime committee members and -- because the maritime activity -- that piece of it is key to this project. so looking forward to the next re vision. thank you. >> i guess i have to confess when you showed the open window looking in at the stadium was my days on cal and cheapskate hill. >> want to thank the /pufb

public for coming out. everybody has slowed down. this is a slow process, we got a long way to go. i think we're getting there and the more feedback and more involve /-pl and i really appreciate the sisters saying -- [inaudible] and brad and everybody's trying to make this thing work. unfortunately you can't please anybody but it seems like they're thinking about that, but we know that the giants were very good corporate partners, were very powerful in this process and they /hreftd a blueprint. i think the warriors have heard that and they're trying to be responsible and i think it can be a win win for everybody. thanks. >> i just hope the warriors win

tonight. >> i have a couple comments. have you decided whether you could actually do a 3 d model which would be easier for everybody to see into and see what the de/saoeupbl is. i know you're still making changings, but i guess with the printing these days it's a lot easier to do that but it gives everybody a better sense of what welcome happening. i want to echo what ellen said about the fact that you have incorporated for the ferry because i believe that everybody's concern is about how the flow of traffic and transportation and i think be i said this many times before, if we can improve water transport, not just east west, but north

south to relieve some of the concerns of the neighborhood and commune tip as far as congestion is concerned, not just for special events, but for normal commute, traffic would be a great thing to have. i think that's one of the areas and opportunities that we need to look into for the whole area of embarcadero in terms of the future as if we do bring more traffic in. what else can we do to relieve it in addition to the mass transit options that are obviously there as well. i want to compliment you on that and encourage you to keep thinking about it and i appreciate that you incorporated a lot of the changes and hope you /kopblt to continue to do that so we can get to a success. thank you.

>> item 10b [inaudible] for the mixed use development of the pier 70 water front site bordered by 20th street, michigan street, 22 /-pbld /-pbld street and the san francisco bay. >> good evening. [inaudible] port's pier 70 water front site project manager. i'm here tonight and will be presenting with emily, who is the office of economic and work force development manager for the site and representing for quite some time. today we're here to

described in a term sheet that the port staff intends to bring to the commission on may 28 for your consideration and possible endorsement. our process is normally to bring the proposed terms to you on an informational basis so we can hear your early thoughts and thoughts from the public. and if you endorse the term sheet on may 28 we would then /pwrepbg bring it to the board of supervisors so we could start en/sraoerplt with you. so i want to say this is a big mile sewn in this project.

along with mark, who's look ed at historic resources of the site. emily and i have been working on these term sheet negotiations to advertise that rfq and receive proposals and score the proposals. kathleen and

jonathan arranged an amazing process and -- we've been trying to get [inaudible] proposition d was adopted by san francisco voters in 2030 by a margin of 68 percent to 32 percent. we've gotten several pieces of legislation by assembly /phebl. the /tp*eurls allows the capture of the state share of tax increment to fund public improvements at pier 70 and we'll talk a little bit more about that within the pier 70 site. so i'm going to hand this over to emily.

>> hi, good evening. so as you know in planning for the future of pier 70, the port has been looking at pier 70 as a series of sub years with /sraeurls strategies and priorities so starting in the north east corner one priority is to maintain the maritime use, the ship repair facility moving around counter clock wise port staff is hard at work creating [inaudible] cove park which will be funded largely by voter

approved geo bond. to work toward rehabilitating that historic core. it looks like we'll be bringing a lease to you toward the beginning of next year. the northern portion of the hill sub area is port owned land that we'll talk about later. then toward the south is a privately owned parcel that the port is currently in negotiations in with [inaudible] to acquire. and then there's the site that is our focus today. the water front site is 21 acres. we're proposing new parks and

preservation and reuse for the amazing historic building -- building 2, 12 and 21. so as whiting as the water front site is, there are a lot of kind of /sp-rbl risks and challenges that go along with it and those have shaped the term sheet that we're going to present to you. one of them is the site's location in the context of pier 70 and relative to dog patch. it's further east, less proximate to the other areas in dog patch, as a result it's expected to follow the order [inaudible] historic core, as well as infrastructure ready

parcels along illinois street. there's the risk associated with the fact that the pier 70 area isn't an established place for the /taoeps of commercial office uses that we're proposing. we think that it can become a really exciting destination for those kind of users but when the market is going to be right for that transition is also has some un/serpblty uncertainty associated with it. this has to do in part with sea level rise. we'll show you a map later on that -- the whole site has to be raised in order to withstand sea level rise in the future. the project team needs to build a sea can't wall along

portions of the shoreline to protect against potential [inaudible] center of the site presents some pretty significant structural /kpal /hrepbgs and additional uncertainty until the developer gets into the ground and starts building it's hard to know /kpabgtsly what is going to be there and what challenges they'll face. so as a result we're [inaudible]. basically an overview of what the project will entail -- the terms sheet is calling for up to 3.5 million square feet of gross

leasable area, that includes the rehabilitation of the historic building. that's up to 2.2 million square feet of commercial office, as well as 270 thousand up to 470 thousand square feet of a really unique retail and cultural use concept that's real write at the core of the project being proposed for city's calling it re tale /eupbl ing innovation and art. these are maker spaces that we see around dog patch and booming throughout the city as

well as incubation spaces. the idea is that for that space to start going /p in early in the project and creating a sense of place and activity, unique character that adds value and attracts commercial users. people are going to want to live and work in this place and we're projecting that allows value. in terms of residential, the term seat is calling for 950 units, primarily rental units. and one of the things that we are going to be exploring throughout the environment review process is opportunities to respond flex /pwhreu to changes in market conditions, which could include increasing the amount of residential and then decreasing the amount of

commercial space accordingly to stay within that square foot envelope. the term sheets sets maximum parking ratios that would correspond with up to 2500 parking spaces, but also contemplates how we can reduce parking spaces for pier 70. entitlement costs arest also

build it only when it's absolutely necessary. these costs are based on a lot of hard work that [inaudible] city has done and are also in the process of being analyzed by port engineering staff. they're wrapping up their assessment and we will provide their analysis in the staff report for the may 28 action item. and then continue to analyze and refine these costs

through the environmental review period up until the final transaction documents. the site of pier 70 looking forward into the future at hao it might be inundated as sea level rises in raising the elevation of the entire site. as cow can see we've been working on this for a long time beginning in 2007 and we're happy to be nearing the home stretch during the next two or three years and then hoping to begin development in 2016. one thing i would draw your attention to on that second timeline is how we have the project, visioning it split into a series of development phases and what that allows us

to do is pair infrastructure development with building development and it prevents the project from having to spend more money on infrastructure that it absolutely needs to. helping the port's return and making sure that we're really responsible with the resources that everyone is bringing to the /taebl. this is a phasing diagram. the project phasing is something that we would like to leave with some flexibility again to be able to respond to changing market con -- conditions. this is how we're

envisions the site, really developing the core, waiting to build those parking structures until that capitol expenditure is necessary. the term sheet also includes discussion of zoning. right now the site is zoning m 2. our plan is to create a special use district in collaboration with the planning department that incorporates the land uses that we're proposing /afrpbd that would include design controls and occur in tandem with the water front [inaudible] use plan. in terms of affordable housing the project will meet city inclusionary housing requirements and is also exploring using low income

housing tax credits to exceed the city's tax credits. we'd like to maximize that to 20 percent. we are also working with sfmta to participate in the water front transportation assessment and that will inform the transportation /tkphapbld manage /-pl plan that we'll evolve and discuss specific transportation interventions to make sure the site is well served by transit and that its users take advantage of transit opportunities. part of that is exploring subway turn around at 20th street. we are working harold on the fiscal

feasibility report. we're finding there is significant benefit to the city on the same scale of [inaudible]. in terms of specific job creation, the de/sreler is looking at creating job opportunities forest city has reached a

project labor agreement. so i will turn it back to brad to review the term sheet. >> thank you emily. 'em so i'll take a quick spin through the terms and if i go too fast, let me know. we are looking at illinois and 20th street. we're really looking for forest city to /kraoe /kwraet a new mixed use neighborhood and it's quite and undertaking. the transaction

documents [inaudible] the special use december /treubgt will be accompanied by a development agreement that will be a statutory agreement under the city's stray ten i's code and one of the functions of that is to lock in the exactions that will be required to fund different public benefits at a fixed point in time. and finally there will be a public exchange agreement pursuant to ab 418 which i'll talk about in a bit. this is the site map, the area that emily has previously described in the southeast corner, describes the water fr