[gavel] >> good morning, everyone, welcome to the san francisco board of supervisors budget and finance committee meeting for wednesday, january 29th, 2014. my name is supervisor mark farrell, i'll be chairing this committee joined by committee vice-chair supervisor eric mar as well as supervisor avalos. i want to thank the members of sfgov-tv covering this meeting nona smith and melkonian. and the clerk am i wouldtionv. do we have any announcements? >> yes.

[speaker not understood], completed speaker cards and copies to be included as part of the file should be submitted to the clerk. items acted on today will appear on the [speaker not understood] unless otherwise stated. >> okay, thank you very much. madam clerk, can you please call item number 1? >> item number 1 is an resolution authorizing a 10-year lease of 37,289 square feet at 1145 market street, for office space for employees' retirement system from 1145 market street, lp, a california limited partnership, for $119,228.21 monthly for the period of july 1, 2014, through june 30, 2024. ~ monthly. >> ms. [speaker not understood]. >> good morning, chair farrell, [speaker not understood], updike. a quick update. since this is for retirement lease 1145 market street, we are continuing discussions with ownership, hearing concerns loud and clear from both this committee and as raised by the budget analyst, and working to repackage a slimmed down lease with lower fiscal impact and

also hopefully a reduced foot print. we're in discussions with ownership as well as my client, the retirement system on that's correct working closely with the budget analyst's office. we'd like to return on 2-26 at which time we should have a renegotiated lease and an amended resolution for your consideration. any questions, happy to entertain them at this point. >> thank you, mr. updike. i think we'll be able to entertain that. first we'll move to public comment. so, is there anybody in the public wish to comment on item number 1? seeing none, public comment is closed. [gavel] >> can i have a motion to continue item number 1 to our meeting on february 26? so moved. can we take it without opposition? so moved. [gavel] >> madam clerk, can you please call item number 2? >> item number 2 is a resolution approving an agreement with the nonprofit owners' association for administration/management of the renewed and expanded property-based community benefit district known as the "central market community benefit district," pursuant to california streets and highways code, section 36651, to commence following board approval. ~ district. >> thank you very much.

i believe ms. connor is here from owd to speak ton this item. thanks for being here. >> good morning, chair farrell, supervisor avalos and mar. today you have a resolution [speaker not understood] renewed recently expanded central market cbd. in order for the city to transfer assessment funds collected by the city, we need to execute this management contract. the document is a template we use for all our cbds and is adjusted for each one. if approved by the full board, it will allow us to transfer the funds as early as next week. we anticipate it will bring approximately over a million dollars to the cbd over the period of fiscal 13-14. if you have any questions, i'd be happy to answer them. >> colleagues, any questions? okay, thank you very much. we do not have a budget analyst report for item number 2, so, i'll move now to public comment. anybody wish to comment on this item? good morning, supervisors.

i just wanted to introduce myself. i'm phrase i ebber line, the central director for the [speaker not understood]. we are very eager to start delivering our services to the neighborhood. particularly, the sixth street corridor which is new to our district. thank you very much. >> okay, thank you. any other members of the public wish to comment? seeing none public comment is closed. [gavel] >> colleagues, can i have a motion to send item number 2 forward with recommendation? we can take that without opposition. [gavel] >> madam clerk do we have any other business in front of us? >> no, mr. chair. >> thanks, everyone. we are adjourned. [gavel] -

>> the next item is

adjournment. thank you, very much. we're all adjourned.