off a application they'll be able to have support and we'll follow-up with my preference he holders so we tried to increase the lead time to give you 0 people enough time to get into those homes and give the support right away. >> thank you. >> thank you. >> yes and then city. >> maria from the mayor's office of housing of development i'm pleased about the extend time as well one of the things that homeownership sf agencies do including the h f c we're getting down and dirty and working on the issues that are keeping our folks from purchasing and those issues take months and at the first workshop the most recent there were

several holders that came from the mailings that we did and are working for the opportunity. and then when we get down closer to, you know, right ready to move in they'll have the specification of the unit and be able to see them and get the dream and the bite it's hard to have even though bite without seeing the buildings so it's great that we're doing it in the phases so all the hard work to prepare them it pays off when you get to see the results >> okay. i think the key thing we're trying to achieve a pool of ready certificate preference holders to 60 to one hundred and

80 days folks have been through the classes that they're interested some folks are not but they have the barriers we get a pool of ready certificate holders that can choose and get them into a lottery so that's the point to create that right pool of folks that are ready >> i'm sorry we're also seeing an increase or may not be an increase but a sustained new amount of certificate requests we think this is part of the excitement of the opportunities opening up so by word of mouth, you know, you really should go and apply for your certificate you should get the opportunities this is an exciting time. >> thank you commissioner rosales did you have -

>> yes. i was going to ask the question you asked chairperson johnson i speak frankly you've golden got it we've been saying this on the market if there's barriers on marketing how do you tangible it. >> a related question if the d b and i apologize if it's in there but what are the criteria for rental units converting to owner like for sale units there's a form a document for residents to be able to purchase their units how does it work. >> so i'm sorry. could you

restate. >> i i guess what's the how do the unit convert from rental to for sale. >> thank you, madam chair. this is a for sale development and the developer has the right and i can't recall the exact agreeing integral but the d b.a. must happen within 12 months but it will expire prior to the execution the developer has to decide the unit are for sale or rental and it will be locked in or we'll have to amend the d b.a. >> i apologize maybe i misread that but if it was going to be rental there would be an option to buy. >> right if they convert after the hearing we can have a discussion that will be more appropriate for the market if

everything is for sale for example, we'll invite the commission and they'll market them as rental unit and not for sale at this point bus it is a rental project it will be an amendment to the d b.a. if they want to sell certain units. >> got it. and then good job on the s b e i think we would clap but i don't think we do that at commission meetings. and then is latins last thing one of the conditions as approval i didn't see any doors i thought people would have to tell port themselves into the building but i look at that how was the egress option for people i know that is something we'll

read later >> yeah. >> certainly egress and ingress it wasn't highlighted has much because this the the egress and ingress might change i've seen it i've been into inside the virtual road. >> thank you. great projects. commissioner singh >> for the architect. yeah. >> i heard that. >> have you moved open any other job for the city and i side octavia court with the hud section 811 prong that was on one of the parcels and mission block 2 and 5 i was the

architect. >> you said it has a view front podium. >> oh, yeah, we opened it up and aligned that with a park i can see from the town homes into the podium. >> you don't love it. >> i love the whole thing. >> my certain is about the parking it's not enough. >> it's not enough. >> i don't think anybody is without a car in the city. >> commissioner singh i think some developers want to do lots of parking because you can charge for it but phase one limits it 2 to 20th century 4 we've achieved the most we could. >> how can we increase more parking is it possible.

>> certainly where the city is going they're looking at reducing parking there are more people who want more and others who want less so public transportation is relied upon. >> in this city almost everybody has more than one car. >> if you get the purple unit in block 52. >> if someone else didn't have a spot you can take their spot. >> if you don't have a car there will be excess parking spots. >> is there street side opportunity. >> there's off-street parking and as part of the conditions of

approval we'll do a study so we'll, looking at as well but only the exception of the driveways otherwise there's parking everything else. >> just a quick question on the parking then i said something that was wrong in a lot of the buildings i've seen whatever the ratio is to parks spots to units there's some plays in the garages for visitor parking is that not happening here? so excuse me. i can't recall where visitor parking as general used for any visitor was sort of shown -

>> not general use but visitors for people who live in the building. >> if you have two parking spots you can let the visitor use it but the on street parking is ample so parking inside but using one the homeowners parking spaces over and over outside the building but no not a visitor designated you have two parking spaces. >> all right. great decision and project thank you unless there's a question i'd like to approve if this application. >> i move. >> second. >> second and madam secretary please call the roll. >> commissioner ellington. commissioner mondejar. commissioner singh.

commissioner rosales. chairperson johnson. madam chair the vote is 5 i's >> thank you all for coming today call the next item. >> the next order of business is item 5 e and it will be called together. 5 e authorizing a personal contract with the jones a professional last night for the services in an amount not to exceed $122,000 related to the issuance of sfoifg finance authority revenue bonds and taxable allocation refunding bond. discussion and action resolution number 49, 2014 and item 5 f authorizing a personal contract for the bartley a professional law firm for the consulting in

an amount not to exceed 15 thousand for the revenue bonds series 20 12k4 will 14 b and the bond series discussion and action resolution number 5014. madam director >> thank you. this is the refunding of bonds we have an opportunity to refund bonds given the current market that refunding will save us monies our debt portfolio will taper down those are professional services contract that is enable

us to refund and with that, i'd like to ask our senior financial analysis to talk about those. >> good afternoon. i'm john senior financial analysis items 5 e and f the authorization of the personal services contract for the bond council for the bond issues for the city and county of san francisco finance authority revenue refunding revenue bonds serious 2014 b and c on may 1, '89 this year, the staff issued an rfp for the city's bond approval on may '86 firms respond and 3 proposed a bond council for the disclosure

council a panel compromises of deputy and others evaluated the proposals. our primary consideration was to have the successor agency 3 of the firms have subsequential qualifications and one has a lower fee and was selected by the panel i'll like to introduce the partner at jones hall in fefrps of the policies providing opportunities for the s b e the panel talked about the disclosure to the two certified sbe respondents and only one had successor bond experience the

panel considered that a vital concern as well as specific rating agency concerns about the pledged funds. the panel selected curtis ba barting i'd like to introduce the principle. thank you. item 5 d talked about the contract with jones hall for the issuance of the refunding bonds the maximum payment is $10,022,500 the total amount maybe lower depending on the total amount of the traction that can change according to bond issuance in the order of 8

bond but several of those bonds maybe dropping out so we structured the request for pricing to allows to reduce the fees if the transaction goes down. that's spelled out in detail of the exhibit and outlined in the memo. item 5 f authorized the special contract with curtis barting for the services for the funding bonds that have $60,000 including expenses as pointed out by the dissolution gives the authority subject to the transaction and approval by the oversight board enter into contracts that have the

refunding bonds. briefly for context to date we've retained financial advisor we can begin on the key documents and our fee one way or another for the underwriter we expect the review to be complete by the third week of july and our fiscal consulate will complete the team we plan to come back to the committee to the august meeting. next we'll go to the oversight board and the department of finance for approval. avenue ever a receiving the approval we'll come back to the commission for the key document as with the shipyard transaction and expecting the transaction to

price in september and close in october but this depends on market rate >> that concludes my presentation. >> thank you any any public comment on that item? >> there are no speaker cards. >> we'll take the items together and vote separately. >> it's good to save money. >> it is fantastic so we'll have a straightforward method we'll start with the first item. personal service contract can i taken a motion >> second. >> madam secretary call the roll. >> please announce our vote. >> commissioner ellington. commissioner mondejar. commissioner singh.

commissioner rosales. commissioner johnson the vote is 5 i's >> i'd like to entertain the motion for bartley. >> madam secretary please call the roll. >> commissioner ellington. commissioner mondejar. commissioner singh. commissioner rosales. commissioner johnson madam chair the vote suicide 5 i's >> thank you very much. next item. >> thank you, madam chair the next order of business is item of public comment on non-agenda items. >> thank you. do we have any public comment nobody in the room. thank you very much >> next item. >> or you're in do you want to comment. >> okay. >> she's an interim. >> oh, come and say hi.

too bad for you, you should have left when everything everybody left >> i'm ann i'm the sgirm for the summer 83 at ocii. >> where you from. >> from washington high school. >> oh, very nice. >> i'm becoming a senior next year. >> what college are you going to (laughter). >> i don't know yet. >> good answer. you're going right (laughter) not yet. >> wow. pressure. probably the rest of her family >> i want to thank you. thank you.

(clapping.) >> oh, we can clap, huh? >> thank you do you hear with you asked. >> what was your answer? >> i said no comment. >> very good she's ready for prime time and the next order of business. >> report of the chair. >> thank you very much. i don't have a report other than to say yesterday, i had a rules committee meeting with my nomination and i was for the to the full board of supervisors with support so that hearing will be next week on the 7th or 8 and if successful this will be my last commission meeting. i know i'm bummed

>> who's going to replace you here. >> no i'll refer those questions to the mayor's office. >> yes. i'm going the person for the seat for but assuming that is successful. the next orders of the business the report of the executive director >> thank you madam secretary on that note commissioner johnson not a could sense maybe there will a recommendation for commending you but each

commissioner has helped to shape this city when there was an uneasiness from our development partners it was really the guidance and the leadership of this commission that is a working commission the willingness to ask the tough questions and take the time with our community partners and colleagues to understand the district in the southeast primarily and the balance of the housing we've developed throughout the city i want to thank you personally but hopefully, we'll get something together. >> i think you need to come back a member of the public so we have a - >> public comment an item on the calendar so you can speak and we'll speak. >> definitely can i get two public comments maybe i can talk for 6 minutes.

>> you can speak on matters not on the beyond a shadow of a doubt and the consent calendar items. >> just moving through the rest a couple of announcements we've received for transbay to include a rfp consultant each brought on 0 consultant for our j paul boston properties, killing reside realty as well as with the buck company they each brought out the consultant and we'll have a panel and a financial evaluation and bring forth a recommendation inform august we're thrilled to move that forward other groungings

commissioner johnson and we've got one project that is built july 29th and will start we'll keep giving you reminders and with chris event 10 and i were fortunate to be at the bay area hill two certificate of preference holders for local hire christen spoke eloquently at the grand opening and we're offering a tour you can see the views everything from the bay bridge to trans america pyramid to south bay and the san

franciscan hotel where they used to give investors for homeless folks to stay for the night it was ripe with crime and drugs there were incredible inspirational stories from the families it took two years done interest the process this dissolution progress but the steady state the leadership at the staff level and commission level that really brought comfort and changed lives we'll are happy to help arrange a tour it's a stunning development it's inspirational. >> i'll make a note that this is going to sound like a joke but an inspirational speaker there was one woman who had been a drug addict for 20 plus years

now she's 67 years sober she used to be the one causing the trouble and now lives at the bay yard and helps r with social work i asked why did you ask me to speak how could i follow-up with that. it was truly script and an example of the work we're trying to do so it's really great >> it's great to hear it's gratifying to hear. >> that concludes my report. >> next item. >> the next order of business item 9 commissioner questions or comments. >> okay commissioner singh. >> i'm going to miss you. >> oh, thank you. (laughter) thank you very much i appreciate

everybody who came out to give support. anyone else i'm holding the gavel >> item 10 closed session there's no closed session the next order of business is adjournment. >> thank you very much we're adjourned at