each other. >> and so what we will do is we will have the discussion at the staff level with cal train as well as high speed rail on the governorans component, maintenance and operations, and there are suggested that the o, part should be one and you should have one operate forethe entire rail and the dtx component. and we will have it at least on the staff level and i don't, we don't have funding right now, for that. but we will work with the ta for their suggestions and comments on how maybe we can, if we are going to need to do an extensive study or what that stud j entails i am not too shir, but we will at least have the preliminary discussion. >> not just on the o, and the m, but the b as well. >> absolutely. which we have been having those discussions but yes. >> director harper? >> yeah, i will be brief, because i just would echo what has been said, the governorans level is the big deal and getting enough altitude up to see the big picture.

is what needs to be done, early and quickly, so that we can figure out if it is politically possible to pull this off. because those of us in the transit business until we get to the mand o, you are not into the pain and the busts that we go through, and so it would be, and i like this idea, when you can start adding your letters, out there. because it and then you are talking about some of the really can say, well we have got to make money down nr there and so we have to do this here. and the other, the only other thing that i would throw into this which is kind of minor is that of course, in all of these p3 scenario and close to it, the horror is bankruptcy, what kind of entity are you dealing with? what are the guarantees that entity and what happens? upon trouble, big trouble and

dissolution and so the question that i would have for succeeding presentation is i would be interested in how smf these things are bonded. >> yeah, and that is where the equity comes in. and director. where we are asking for them to do is their equity money would be the first money in and the last money out. so valvebility that you are seeing the fault that you have been speaking is on concessions and because they don't make enough revenue because they are relying on it and they default and on the availability payment you are entering much more into a service agreement, okay? and so you don't see the default there and you may have a lender default and that is not because of the transaction and i will give you, when is the parkway and not that this matters too much. but, that is the bank that is a greek bank defaulted on ten million dollars of the equity. and the other investers picked that up quickly, and that was part of 2008, 2009 financial

collapse and what happeneds in greece. and so that is the extend to what you see on the availability payments and the guarantees and a lot that we go through on the rfq basis and so the rfq we pretty much focus on technical, part a and part b is financial and legal and we actually lift and we have them, we are heavy defaulted to the default and all that have stuff is tested and measured and so when you pick the three teams or the four teams you are getting the people who have a very long storied track record, maybe it is not here maybe it is in canada or in europe and, there has not been default and so you use that to test exactly what your concerns are, it does not mean that it will not happen, there is part, and there is the rfp will have contractual language and that is why the contract and we killed the trees and the contract has to be quite big because we seek exactly those protections, as an owner, and that in case there is a problem. and that, they are stuff in the rights and there are different

kinds of contractual mechanisms that they can make themselves, repair themselves and one of their lenders went bad and they could put someone else in equal capability and so that you don't have the massive collapse and that is where they have been better. >> and there has not been one of these to date. >> there are not in these cases big internationals that bond the whole thing? >> no there may be one entity, for the sosha bank there were 1300 lenders underneath them and there may be one that you see that is the bank, but there are subsets to this in that transparent and it is not like you don't know who they are and they are not guys in the bushes, you know who they are and yet that is all laid out and so you know exactly what the equity is to greet and the responsibility. and it is a very transparent process from that standpoint and you will know. >> i really appreciate this discussion, that we have been having today, really constructive and exactly what

we should be talking about. just my two cents on this as a close observer of doyle drive and the prosido parkway my bias is to feel favorable about the availability payment and the design build finance maintain, i think you know, i hope, i hope that we can work something, like that out. and i do think that the question about the structure of the agreement, between the cal train jpa and the transbay jpb is the whole question, at this point, the d, is being done by this agency. and hopefully, with complete input in concur ans with cal train. and i trust that that is okay. and as we get into the other end of the operate and maintain, and it is very clear to me that the operation of the rail service in the main nens of the rail line is going to

have to be one entity, there is a clear line at the terminal. and there can be a different entity to prepare and operatele terminal itself. and as we get into the builds though there are interesting questions and i would really like to understand the options and other kinds of deeper coordination and in general i like the structure of your report today where you are giving us all of the options and i want to see that carried through in the analysis of the government options and the maintenance options and that we have time to have the staff recommendation, or if we see the options fully explored. >> and i appreciate that and until you get the right answer, you ought to look at all of the they are and from a public standpoint and a director's standpoint and all of the stake holers because you are not

making any preconceived notion and these are the options, and if i could, embellish, the one example that i had, and of the consumer reports and i did one similar, and this is the way to go, they decided not to go that way for other reasons, and that is the reason that they went in that and that is because they put everything out in front of them because it hit the comfort zone because that is where we want to be because if i could share the story of long beach and assume that we did not talk about what was, and what was the availability going to be? and that was kind of just not really out there and so when it came and they saw the 60 million and they are like, what? it was not transparent enough and so i think that it is important to us as we report to you to be as transparent on those aspects as possible. >> thank you, director? >> yeah, i too want to thank, this is very timely discussion about the approach to how to

deliver this portion of the project and a good presentation. i would say something that having respond to the questions that were raised and that would be a proposal that would come out. and i told you that the second part was under the availability payment is the gaurantor of that availability and on the drive example that was mentioned this is the california is the gaurantor and i think that we need to find one out for this and without that there will not be any developer that would be putting coming forward for a proposal. >> and if it is not a question that i want to make sure that we keep the discussion going. >> and the questions and comments from the board first, and we will go to the closing comments that you can address anything, if there are know specific questions, i don't think it to be constant back

and forth. >> just to kind of summarize of what we had heard there is uniformty with the board in seeking a dialogue with cal train as an agency to talk about a unified project potentially with electrickfiation and dtx and primarily this project is not going to work without some conversation on the governorans aspect specifically. and you know, for me on a personal level just to make the comments myself. you know, as from a policy level, i don't, my expertise is not in construction. so i am going to speak a lot less about the mo portion, but i am glad that we have the expertise on the board to speak

about that and i would be more interested in the continued conversation along the land use aspects and the design and of course, the gathering of input. and talking makes me nervous and anxious and i am sure from many of us in this room, there are so many piece and agencis that have a say and a strong opinion about how we should be moving forward on this. this is a project that is so important to all of us in staoet but of course, regionally and in the state of california, as we move forward, over the next two months with the discussion, and i am really looking forward to kind of having a more robust discussion with our multiple agencies and around this aspect and the financing, and the unification of the project. but also, the alignment, potential land use issues if there is going to be a greater discussion about the rail yard and the boulevard and others. and i just think that there is a lot out there and you really

need to start moving on one pathway with greater unisom or thinking around this project but certainly, we would like the staff of both agencies to at least begin the discussion around cal train electrickfiation or dtx and this project is not going to be successful there if there is not common ground between our two body and so i think at that and if there is anything thatvy left out from the board. >> please. >> mtc would be, i think that maybe a forum. >> and maybe, i know it. and they would have to be involved. >> and what is coming out on the study about the p3 is just looking on the dbfm on the securing of the funding and in order to start the project earlier than might be with other mods. >> what other funding. and in terms of the cost

benefit. and just something for later discussion. >> and director and, any closing comments? >> they are commented >> and i wanted to thank the board and i just wanted to direct and it was very, important and we need to have the discussion on governorans and we are going to do that, and we are going to talk about the operation and we have been talking about this as well as the ta in san francisco, and something that it is important to keep in mind, and that is just like doyle drive and they had a gaurantor in order to move forward, and you need to vaul of the funding sources committed. >> and we also need as a board to be working together, and to be making sure that the dtx is fully fund and that the commitments are there, just like we need to make sure that cal train electrickfiation is fully funded and so that is an important discussion that we need to be working towards as director or as chair person kim

indicated funding is critically important. >> thank you. >> we have a member of the public that wanted to address you on this item. >> wow. >> and so, we will see you this time and we will prepare the remarks after this, and i will try to explain to you, how this works, but the problem that you have here is i am confused because you think of the existing cal train and to be honest. you really have to separate the operations from the infrainstruct stur and now, in coming you are looking at the european model and you are taking your car and you are driving across the bay bridge and so how does that work, it is called the tracking rights and i will give you a typical example of cal train, you know

how that works, the only way to get to gill roy is to get to the tracks and for the privilege of driving the trains on the tracks and simply, when capitol and the wander into the cal train territory and the part of the trains, and they pay cal train, tracking rights. and so by the time that you come to see the travel of the 22nd or whatever, it is very simple. and cal train wants to go to thinking as long as it is around, lining for changes but if cal train wishes to go to cal train, you have to pay some money to get there, this is exactly how it works in europe if you want to leave paris and you go to lamburn you start with the rfs network and you pay your money to drive your train and you go to the channel and you do the same thing as the dtx and you take it right there and 20 bucks just to go through the channel tunnel and you get to the other side and the high speed one which is

actually operated by a canadian pension fund and you pay them to ride the tracks. and simply we have the same system as cal train and we wander to the high speed line and once you keep it really separate and nice and simple now. and one minute left and i am going to show you the situations. and the rail and, and this is design big build and it has to be because it has to enter face a very, very precisely in the structure and that is in london right now and there no other way to do this. the first tram was for the rolling stock, they had to abandon it because of the time constraints because they got the loan from the infrastructure bank and the two things that i want to talk to you on and very early relevant to the commission bay is that, two stations. one of them is called the (inaudible) train box and the

master developer is developing two billion dollars next door and they delivered that 118 million dollar train box ride before it get in and the other one is canary wall and that one is incredible and it is 850 million dollars station, but you will submerge and the developer is developing and delivering the station for half of a billion. and they will actually use four of the levels four years before the first train of it gets there. thank you. >> thank you. >> if there is know other public comment, we will close the public comment on this item. >> okay, seeing, no further comments, from board members, are there any other items on the agenda? >> that concludes the agenda for today. >> seeing that, the meeting is adjourned and happy new year's toefrn.

there are so many ways that the internet provides real access to real people and resources and that's what we're try to go accomplish. >> i was interested in technology like video production. it's interesting, you get to create your own work and it

reflects what you feel about saying things so it gives perspective on issues. >> we work really hard to develop very in depth content, but if they don't have a venue, they do not have a way to show us, then this work is only staying here inside and nobody knows the brilliance and the amazing work that the students are doing. >> the term has changed over time from a very basic who has a computer and who doesn't have a computer to now who has access to the internet, especially high speed internet, as well as the skills and the knowledge to use those tools effectively. . >> the city is charged with coming up with digital inclusion. the department of telecommunications put together a 15 member san francisco tech connect task force. we want the digital inclusion program to make sure we address the needs of underserved vulnerable communities, not

communities that are already very tech savvy. we are here to provide a, b and c to the seniors. a stands for access. b stands for basic skills and c stands for content. and unless we have all three, the monolingual chinese seniors are never going to be able to use the computer or the internet. >> a lot of the barrier is knowledge. people don't know that these computers are available to them, plus they don't know what is useful. >> there are so many businesses in the bay area that are constantly retiring their computer equipment that's perfectly good for home use. computers and internet access are helping everybody in the community and people who don't have it can come to us to help with that. one of the biggest problems we see isn't whether people can get computers through programs like ours, but whether they can understand why they need a computer. really the biggest issue we are facing today is helping people

understand the value of having a computer. >> immediately they would say can i afford a computer? i don't speak any english. how do i use it. then they will start to learn how to do email or how to go back to chinese newspaper to read all the chinese newspaper. >> a lot of the barrier still is around lack of knowledge or confusion or intimidation and not having people in their peer network who use computers in their lives. >> the important thing i learned from caminos was to improve myself personally. when i first came to caminos, i didn't know anything about computers. the second thing is i have become -- i have made some great achievements as an individual in my family and in things of the world. >> it's a real issue of self-empowerment where new immigrant families are able to communicate with their families at home, able to receive news and information in their own

home language, really become more and more connected with the world as well as connected even inside their local communities. >> if we value the diversity of our city and we value our diverse neighborhoods in the city, we need to ensure that they remain economically viable. equiping them and equiping residents in those areas with jobs that will enable them to stay in san francisco is critical to that. >> the important thing that i see here at caminos is it helps the low income community, it helps the women who wouldn't have this opportunity otherwise. >> the workers with more education in san francisco are more likely to be able to working that knowledge sector. where they are going to need that familiarity with the internet, they are going to find value with it and use it and be productive with it every day. and half of the city's population that's in the other boat is disconnected from all that potential prosperity. >> we really need to promote content and provide

applications that are really relevant to people's lives here. so a lot of the inspiration, especially among the immigrant community, we see is communications with people from their home country but we as much want to use the internet as a tool for people to connect within the local san francisco community. >> i think it's our job as public educators to give them this access and give them this opportunity to see that their efforts are being appreciated beyond their immediate reach. >> you have to blend this idea of community network with computer equipment with training and with support. we can pull all that together, then we've got it. >> it's as much about social and economic justice -- in fact it's more about social and economic justice than jus >> when there's good children's theatre it's good thoert and if

it's good to her you will like it ever it's for children that's what i think. it's both a story for kids and a older people it's about loving a toy or friend and it's will what it means to get old. >> in 1986 my son was two and i decided i would like to make a developing rabbit i had never read it i heard it as a mother. my first version was a bedtime story recording and it's through that that i denied the at home and role determined how to

produce the story. it's through licensed to it when i first made the dance i really watched any son and i took him to the perform he loved the performance and he loved it when somebody was reading to him he heard the language human resources usually when the rabbit come out he say oh, the rabbit. it's the talking and sliding and kids can relate to. and the adults loved nanna. now napping in a is the main adult figure in the show she represents stern love the fair is played but he same person and

i think fairy is the thing have you for your first child pure love. i think nature is a beautiful thing and all widespread rabbits come to nature it's about how far and not something our kids get those days. ♪ ♪ ♪ there's fantastic spectacle what happens with the computes so i think in life performance you see it more successful and ask people to buy into your world so long as the world is consistent that you have on stage and film say, i want this message for kids. the world doesn't have to be

spectacle it can be about relationships and a taking things seriously and not about being blown away. what is real asked the child one day and the success for the most part when you are 7-year-old you sit in the seats and kids laugh and ask questions and that's a sense of success. i think the fact we tour it and do it here and still are audience is lasting. i want to say its lasting because the story is a wonderful

story. if it was just an okay story it wouldn't have laced this long. i've had people come up to me and say that's the first story i've seen of this as to how and people come back to see this when they're in their 20s and they come back more than once what their older year after year. ♪ ♪ ♪ >> good morning, everyone. welcome to the special meeting for the san francisco board of

supervisors budget and finance committee for monday, december 16th, 2013. my name is supervisor mark farrell, i will be chairing this committee. i am joined by committee member and supervisor john avalos as well as supervisor scott wiener. i would like to thank the members of sfgov-tv covering this meeting, jonathan and charles kremenak as well as the clerk of the committee, mr. victor young. mr. clerk, do we have any announcements? >> yes. please silence all cell phones and electronic devices. completed speaker cards and copies of any documents to be included as part of the file should be submitted to the clerk. items acted upon today will appear on the january 7th, 2014 board of supervisors agenda unless otherwise stated. >> okay, thank you. could you please call item number 1? >> item number 1, resolution authorizing the execution, sale, and delivery of a housing revenue note in an aggregate principal amount not to exceed $28,500,000 for the purpose of providing financing for the construction of a 121-unit affordable multi-family senior residential rental housing project, known as bayview senior housing; approving the form and authorizing the execution of a funding loan agreement and a borrower loan

agreement; providing the terms and conditions of the note and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; authorizing the collection of certain fees; approving modifications, changes, and additions to the documents; granting general authority to city officials to take actions necessary to implement this resolution; and ratifying and approving any action heretofore taken in connection with the note and the project, as defined herein. ~ housing. >> okay, thank you very much. we have ms. mcnamara to speak on this item. >> good morning, chair farrell, supervisors. i am pam sands, project manager in the mayor's office of community housing development. resolution before you this morning is for the issuance of bond proceeds to pick up a construction development related costs for bayview senior housing located at 17 51 carol avenue. the sponsoring team includes mccormick and bayview hunters point multi-purpose senior services, inc., as the owner and general partner. wells fargo will serve as the limited partner in tax credit investor and citibank [speaker not understood]. bayview will be 121 plus manager's unit comprising 117 one bedroom units four two-bedroom units. all units will be targeted to

households more than 50% of area median income and 23 will be set aside for chronically homeless seniors. these transactions are conduit financing which do not require the city to pledge repayment of the bonds. we anticipate closing the bonds in mid february. the project is slated to begin construction shortly thereafter and complete construction in 2015. here with me today is a representative of the development team, [speaker not understood] freeman with mccormack barrett and salazar. we appreciate your support and that concludes staff's presentation. thank you. >> thank you very much. colleagues, any questions? okay. mr. rose, do we have a budget analyst report for this item? sorry, i don't have my notes in front of me. >> [inaudible] do not have a budget analyst report. there is no fiscal impact on this matter to the city. >> thank you very much. okay. at this time i'll open it up to public comment. anybody wish to comment on this item? seeing none, public comment is closed. [gavel] >> colleagues, can i have a motion to move this item forward? >> so moved.