month ask for the property tax called the robser, recognize payment schedule, developer -- developer fees, other -- we have a zero call. there are agreements with the transbay joint powers authority where every single new propertied tax dollar in this district, in zone 1 which the commission has purview, all-new property tax goes to the joint powers authority for the transit center construction. all land sales, all these rfps that we're issuing, again, goes to the transit center for construction. but in the broader district, i think commissioner ellington and other commissioners point out, there is a lot of activity in construction existing in new buildings. there's new property tax that's generated from all those high-rises and cranes going on. so, we're able to, again, through our agreement with the tjpa draw on new property tax and hopefully issue new tax

increment bonds to the extent we go through a very rigorous process through the state, not just locally, where in those new areas it's called zone 2. it's covered by the transit center district plan. all the high-rises, the new property tax he he. you'll see that in a more in-depth presentation staff will be presenting as part of your april 1st budget. the [speaker not understood] and uses of all that. but this is all flowing from the commission's work and the authorization. s. >> and how much is this costing us? ~ do we have -- >> the total scope of public improvements in the district, the total scope of streetscape improvements, is that your question, commissioner mondejar? are you talking about folsom street? >> yes, an idea of how much this is going to cost us. >> yes, the folsom street project, we have an estimate of about $15 million. ~ right now. >> if there's no more

commissioner questions or comments, i would like to remind you guys that it is an action item and i would entertain a motion. >> [speaker not understood]. >> there was no public comment. i think i asked that. >> i move that. >> so the motion from commissioner singh. >> second. >> second from commissioner mondejar. madam secretary, can you please do a roll call on this item. >> commission members, please announce your vote when i call your name. commissioner mondejar? >> yes. >> commissioner singh? >> yes. >> vice-chair rosales is absent. chair johnson is absent. acting chair ellington? >> yes. >> the vote is 3 ayes, two absent. >> may you please call the next item. >> the next item is 5d, authorizing a first amendment to the amended and restated ocii loan agreement with bayview supportive housing, llc, a california limited liability company, to reduce the interest rate from 3% to 1.46% and clarify the distribution of surplus cash, for the development of 120 very low-income senior rental

housing units plus one manager's unit at 1751 carroll avenue (formerly known as 5800 third street, lot 3) (assessor's block 5431a, lot 042). discussion and action, resolution number 15-2014. madam director. >> commissioners, as you recall, 1500 third street or now owe officially known as dr. davis senior center, and a number of you, commissioner ellington, attended the groundbreaking. the commission in this particular action last fall approved an approximate $19 million loan to provide gap financing for this development. it really was a culmination of a series of actions of the former redevelopment agency acquiring land in order to aggregate it. then this commission stepping

in, redevelopment dissolution, saving $20 million, $19 million from governor brown in the word of senator mark leno, saving that from the governor balancing his budget. the item before you is really quite narrow. as you'll hear from staff, these are technical clarifications that happen as we approach project closing that tax credit investors and others have brought forth. so, we're pleased to bring this item for your consideration. so, with that i'd like to ask pam simms, development specialist to present this item. thanks. >> thank you, director bohe. good afternoon, acting chair ellington. >> thank you. >> commissioners. again, i am pam simms. i am a development specialist in the ocii office and i'm here today to present on item d, which are minor revisions or technical clarifications to the loan agreement for the project located at 17 51 carroll avenue. ~ as you remember or might remember, the project consists

of 121 affordable senior units and a 13,000 square foot senior center. as you may remember, you last considered this development in september where the commission authorized executive director to enter into an amended and restated loan agreement in an amount not to exceed $16 million in oti funding for an aggregate loan amount of 19.1 million. at that time you also approved a term of 55 years at an interest rate of 3% for the loan. since the project was approved by the commission in september, the developer has been working with city staff to satisfy various issues raised by the investor and the tax attorney. an issue raised by the tax attorney is a true debt tax which is analysis of the cash flow from the project that shows an ability for the project to repay the loan by year '35 5. the annual rent combined with the 3% interest rate will

prohibit the project's ability to [speaker not understood] debt tax. therefore, i'm here before you today to ask for a reduction in the interest rate from 3% to 1.46%, which is just low enough to demonstrate repayment in year 55. the city's financial advisor reviewed the numbers and the requested interest rate ~ is determined that -- has determined that the 1.46% interest rate to be reasonable and not excessively low. this reduction in interest rate won't create any significant negative impact to the ocii loan and it won't change the nature of the enforceable obligation. additionally, the investor and tax attorney have requested that the terms regarding the distribution of surplus cash in the loan agreement are consistent with the ground lease. which has one-third of the surplus cash paid to the developer up to $50,000 and two-thirds paid to the city to pay down the ocii and [speaker

not understood] cd loans. all of these technical clarifications are consistent with the city's underwriting guidelines and with 'your approval today, staff anticipates bond closing and construction in april. and that concludes my presentation. thank you. >> madam secretary, do we have any speaker cards on this item? >> i have no speaker cards. >> alrighty, i'm going to open it up to commissioners here for questions and comments. no questions? >> i move that. >> okay. i do have just a couple questions here. i guess the first is is this -- i was curious to know if this was typical of -- i guess we're in this case a lending institution or a lending entity to lower interest rates after things have been signed and agreed upon. >> yes.

actually, thank you, commissioner ellington. actually it's very common. and when we were a part of the redevelopment agency, it was very typical to come back to commission to request a reduction in the interest rate and/or the term of the loan. and in those instances, then, the tax attorney could get comfortable with the project's ability to repay the debt. so, yes, it is typical. >> and then i looked at the spreadsheet that you guys provided in the memo and -- >> teeny-tiny -- >> that's fine. i was not able to understand the repayment process. >> um-hm. >> and where our agency fit compared to the other investors. so, are we -- where are we in line with the -- who gets repaid first and how does the surplus cash go into that? >> okay. so, there is the tenant rent and then -- and the cash flow really lays it out. >> yeah. >> and there is operating

expenses and then there's debt service. >> yeah. >> so, the conventional lenders are all paid above the line in the debt service category. and then below the line is where the developer gets their one-third and then we get the two-thirds of the cash flow to pay down the loan. >> i see, gotcha. and then we are transferring this to the mayor's office of housing? >> ultimately, after construction is completed. >> gotcha. >> um-hm. >> you know, i would just like -- i don't know if -- this seems like a pretty significant request and i would appreciate if -- is there anybody from -- >> the developer is here. >> got it, there we go. >> developer is here to answer any questions you may have. >> new york city i just wanted to make sure that you were here and someone from the development team was present. ~ no, i just wanted so, i do believe we have a motion on the table here. do we have a second? >> second.

>> madam secretary, please take roll. >> commission members, please announce your vote when i call your name. commissioner mondejar? >> yes. >> exemption? >> yes. >> vice-chair rosales is absent. commissioner johnson is absent. acting chair ellington? >> yes. >> the vote is three ayes and two absent. >> awesome. so, i do see that [speaker not understood] is not back yet. we did get through that a lot quicker than expected. so, i would suggest with the permission of the commissioners to take a short recess until commissioner rosales is not back ~. >> [speaker not understood]. >> so, i will -- okay, let's do that. we are going to take public comment. we're going to move that forward in anticipation of commissioner rosales' return. >> the next item of business is item 6, public comment on non-agenda items.

i have one speaker, dianne [speaker not understood]. yes, thank you so much, commissioners. ~ for hearing me before you go on break. i am here, i'm going to read something to you about property management. you already are aware of it, but this is part of my public comment, my three minutes. property management is the operation control and oversight of real estate as used in its most broad terms. management indicates a need to be carefully monitored and accountability given for its useful life and condition. property management is also the management of personal property, equipment, tooling and physical capital assets that are required and used to build and maintain in item deliverables. in this case property. property management involves the process, real property, i should say, involves the process assistance and manpower required to manage the life cycle of all acquired property. i am stating that because we're doing a lot of building. i say we because i'm a native

san franciscan and you represent me as well ~. in california, unless one is an employee, a third-party property manager must be licensed with the california department of real estate and be a real estate broker, which i am. i also own my own business which is called aaa bayview real estate and community services. the reason i'm here today is because there are so many facets to the profession and i'm also a certified property manager. but i'm here because i need your assistance to navigate my inclusion as a property manager. a lot of the developers that come in have already decided who is going to manage the property. i have been involved in real estate since 2003 and, so, i need your help. and what i'm asking is inclusion -- i am a small business enterprise. i am a lbe enterprise, and i'm

also obviously a black business owner, a minority business owner. we, as part of the dda, which have done some great things about helping residents increase their financial situation, to improve their quality of life. i do come under that purview. and, so, i'm going to conclude my presentation with just saying that as a -- also as a homeowner, a voter, that i need the assistance of your committee. i am qualified. i mentioned to you that i'm certified, and i would look forward to someone reaching out to me in the near future because preparation is everything. thank you so much for your time. i do have my contact information is dianne smith. and it's bbhp realtors for

bayview hunters point at comcast.net. and you can find my phone number. thank you so much for your time. i look forward to hearing from someone. >> thank you so much. madam secretary, are there any more speaker cards? >> no other cards. >> seeing that there's no other public comment, i want to close public comment at this time. and i believe we will go into short recess and we will resume when commissioner rosales returns. >>please stand by; meeting in recess >> are we recording? >> just a moment. >> here we gi want to go ahead and reconvene and call the meet tog order at 2:29, commission on community investment and infrastructure. and i see that vice-chair morales is back -- rosales, sorry. looking here and talking here. >> you did very well. thank you.

>> he's doing better than anybody. [laughter] >> carry on. >> so, i'm going to -- >> [speaker not understood]. through the chair, i think the bylaws provide now that the vice-chair has returned, you serve as chair. >> yes. without a vote, yes. >> [speaker not understood]. >> no, we just reconvened the meeting, so, i am going to transfer my duties back to vice-chair rosales. >> thank you. in the next order of business is item 7, report of the chair. >> madam acting chair, do you have a report? >> no report. >> thank you. >> the next order of business is item 8, report of the executive director. madam director? >> item 8b is what we're reporting on, and i'm pleased to report that just last week, in fact, last monday, i believe, both commissioner

rosales as well as george bridges, who is a contract compliance specialist, a senior contract compliance specialist, they both were recognized by fellow sister government agency, the city and county of san francisco, for their efforts in furtherance of small, minority women, or so-called lbe or dbe enterprises. vice-chair and acting chair rosales was recognized for her years of work, both in the public and private sector, and certainly you've seen mr. bridges' work over the course of your tenure here. i think it really speaks to the policy objectives that you have instilled in staff and the work, the collective worth, really, of the commission, and the great work that we have. this is the task, we believe, in developing these areas. so, just really, it's an announcement.

congratulations not only to our acting chair and mr. bridges, but really to the work of the commission. >> thank you. >> congratulations. >> thank you. thank you. you know what they say, you know you've been around the block long enough when the very agency you once were counsel to publicly recognizes your work on behalf of another agency. and staff and i did give credit to the entire commission and the staff because it was [speaker not understood] heart felt that everyone i believe is on board in advancing the public policies around small and local businesses in our contracts. thank you. >> that concludes my report. >> you should be two people, two commissioners in this, you know, public compliance, you know. why is there only one? >> commissioner singh, we since

dissolution, we've had a number of staff did leave. we are in the process of, per your direction through the budget, of staffing and hiring up both a supervisor and an additional contract compliance specialist. and we also have entered into very strategic memorandums of agreement with our fellow sister city agencies in order to provide the greatest depth of resource. so, recently we did enter into a memorandum of understanding with the office of economic and work force development who has their city build program, and to help us do our local hiring goal compliance. so, it's the full complement of both your staff as well as the best and the brightest from the city or other third parties that are at your disposal. >> we had everything, i guess, before, too. >> and we're in the process of staffing up for all of the important work that we're doing. >> okay, yeah. >> thank you. madam secretary, please call the next item.

>> the next order of business is item 9, commissioners' question and matters. madam acting chair in ? ~ >> in commissioners? >> i actually [speaker not understood] as a chair in your absence and i think that's my comments, he he did a good job. [laughter] ~ >> thank you. >> the next order of business is item 10, closed session. >> announce the closed session. the next item under -- we're going to go -- the commission will go into closed session under the california under government section 54956.9 subsection d1 to confer with legal counsel for existing litigation.

~ as identified on the agenda. do i need to read it out? okay. so, obviously there is no one here, but we don't need to exclude members of the public. >> take a minute to set up here. >> we're back in open session. it is 3:07. madam secretary, please call the next item. >> the next item of business is 11, adjournment, madam chair. >> hearing no objections, we are adjourned. food in san fra

just about expensive eat but food for everyone and there's organizations in the city that are doing really good work making sure that healthy food it

assessable to everyone. more and more as follows are are becoming interested in upper arlthd they want to joy the open green pace sea know where their food it coming from we'll look at 3 programs talking ushering agricultural and garden to new heights. so what exactly it, your honor agricultural >> it the growing food or flowers within city limits traditionally we've been referring to communities gardener that is a raised bed over and over upper argument has a more a farming way of farming.

>> so tell me 0 what's growing in this garden. >> a really at all plant. in the one of the rare places, you know, people have access to green space 24 is one of the places to grow things like the purple floor. it is sort of recognizing that the more diversity in given space the better not to just have one thing by everything supported each another >> it provides the community with an opportunity to get their hands dirty and reach 0 out and congressmen with the community in ways they might have not otherwise to engage with one other. >> now the dpw urban planning

program so see how the garden community. >> so i grew up on a farm in air force base we picked the foods open the trees and share with other families and as i drive around san francisco i see any trees with apples or mrumdz and lemon trees i can see the food going to waste and brought that idea back to the department many of the trees where the fruit would go to waste we origin or crop and pick other fruits and delivery this to food banks or shelters to people who need them. >> i'm here with nang wong hello nang. >> hello. >> i need to understand house this gleaning work.

>> we come and harvest like for example, we'll come over here this is the lemon and plug it like this. >> (laughter). >> made that good, good and ease. >> the trick is how not to hurt the branches. >> like the thing. >> i'm so excited about this. the people are so passionate about where the food goes to the private property owners give us the food they're happy that no of a t is going to waste >> oh. thank you. thank you. again job aura natural

>> (laughter). >> from backyards to back lots let's take a look at the food and community bonding at the free farm. >> my idea was to start growing food and giving it away. and getting my neighbors to who had space and having a kind of event that brings people together not to run our food program this time around but to share the wealth of the abundance of our welfare. we were all divorce and as part of our philosophy of working together and working together. >> what's the most rewarding aspect of volunteering for the free farm stand. >> well, we could is a

generalic satisfaction but something about giving food away it's giving something i brought that in and sort it and gave it to you it's primitive to be able to give something some basically to someone else. >> now serving number to 49 come on down. >> we have the capability of producing this food and in san francisco you can grow food all year round so the idea we're capable of prougdz food in our own backyards we're here to demonstrate an bans of food and i think that giving it away for free we show individuals it in have to be a comedy. >> we build time together and it's the strength of any ideas

of the connections we'll turn that connection and the more connections you make no mistake about it the more you can have a stronger power and not have to rely on money that's the people power. >> in this episode we've seen the urban farms and gardens provide more in fruits and vegetation people can have the special produce available it can be a place to give back by donating food to others and teach our children the connection to the earth and environment it's truly