where you are going to build where so they know how deep the excavation is. we don't know that. we'll have that in the next coming months. we'll expect to ak isses the acquisition fund to remind ate the cost. since it's a legitimate related expense. in addition there is an opportunity for grant funding to the usepa, they have a grant for fields program. we are well positioned to apply for those funds. this acquisition project has very strong support from the india base and neighborhood association as well as the san francisco parks alliance and trust for public land. the parks and recreation and open space advisory committee passed a resolution in support of the acquisition. although they did site -- cite some terms about the remediation cost. the parks commission

passed a resolution in support of the purchase and the use of the open acquisition fund to reconfirm the paper notes that will be used to finance the purchase. so, inclosing, staff accepts the recommendation in the budget and legislative analyst report and we recommend that the board approve the resolution as amended for the acquisition of 900 ns. thank you. >> supervisor avalos? >>supervisor john avalos: thank you for the presentation. i was able to visit this place a couple years back and saw it's potential especially linking the trail and you can see the gap and green space that is there. it makes a lot of sense. one thing to move forward with a thing like this, it's interesting there is probably an effort to have affordable housing at this site perhaps and as proposed can go to affordable housing.

i'm actually, the trade off inform are me is to have affordable housing elsewhere is good. it's almost like a win win in that case. what i remember when i visited this site a few years back was that along -- there weren't sidewalks or bike lanes and anything like that. it seems like this is an area of the city in addition to having this open space, there needs to be access to it and look in terms of overall what this term of the neighborhood neechltdz -- needs. this raises visibility and greater pressure for amenities. can you speak of other plans around this part in adjacent to there in this development of this park is also in context of greater work that's happening that you can point

to? >> sure. i just attended a meeting as a matter of fact with build inc.. they were giving an update to city staff and they are really excited as are we with the collaborative and the relationship with the opportunity to create new housing and create neighborhood services, create a new development that really is unique to and appropriate to the character of the india basin neighborhood. the folks in this neighborhood who have been advocating for the last 15 years for this to become a parkland. they want this on the map where it's a place where people come to see and enjoy the views. they actually want the retail new housing uses like artist live work space and things like that.

so there is really i think a magnificent opportunity to have new development and the open space compliment one another and to really revitalize this part of the city. >> that's great, because some parts especially along eunice is desert. it's wonderful to see that it could actually happen. thank you. >> colleagues if no other questions, we can move to our budget analyst report. mr. roads? >> yes. on the page 2 of the committee, the acquisition that the department has stated would fund the commercial paper amount used to purchase the pro the including interest payments resulting in total expenditures of 3, $126,000 and that is shown in table 3

of page 8. we noticed the acquisition has $9 million $149,000 that approval by board of supervisors for total estimated cost of $3.1 million would leave a balance of $300,000 in the acquisition fund. we note the ak -- department has not separated funds in maintenance cost for the property. and going to our recommendations, supervisors i have some revisions based on discussions with the city attorneys office. regarding recommendation, our first recommendation regarding ceqa, as i understand it now, this has already been incorporated into legislation so there is no need for you to accept

that recommendation. secondly on our second recommendation, we continue to make the recommendation that is requiring the approval of the final mou between the real estate department and the office of public finances and why -- a report from the mou for the final board of supervisors approval from the proposed resolution. however despite the fact that we are making that recommendation, the city attorneys advises that based on timing he believes it's not necessary to amend the legislation. in other words that will be done prior to your final decision. again, we make the recommendations, but on the advice of the city attorney, we are saying not to amend the legislation and city attorney obviously is available for questions. our third recommendation stands as is.

request a report from the parks and recreation department on the proposed use of 300 eunice avenue property and sale and exchange of a portion of the property at the owner of 700 eunice avenue and estimated cost and sources of funds to maintain the property and undertake environmental remediation. we also recommend that you require that any future agreement to sell a portion of 900 eunice avenue to a third party or exchange a portion of eunice avenue of 800 had udson avenue be subject to board of supervisors approval and consider a proposed resolution as amended to be a policy decision to the board of supervisors. >> thanks, just to be clear in terms of your recommendations here, we have three

recommendations listed on your report. which one is the ones you are actually still suggesting we go forward with today? >> actually, all, not the first one, but abc and it's a policy matter, but with respect to a, the city attorney is advising that because it is his understanding as i understand it that as these actions will be taken before your final vote on this matter, it is not necessary to amend the legislation. so from that standpoint, although we continue to make the recommendation, you do not need to amend the legislation based on the recommendation of the city attorney. b and c, we continue to recommend that you do amend the legislation as we have stated here. >> okay. thank you, mr. rhodes. supervisor breed?

>>supervisor london breed: thank you. i apologize for being late. i have questions about the purchase price and based upon what we have estimated for the clean up. i guess i'm just trying to understand where that money is going to come from and why are we doing this premium -- prematurely without the plan for this particular area. also it's my understanding there is a significant open space in the surrounding area. so, i just feel that this project in particular is a little premature and this question may have been answered but i'm trying to understand why we are aggressively moving forward with this. >> why don't i ask parks and recreation staff to speak. >> okay. john uptike from the

real estate division can speak to this project. in terms of the remediation we have a number of estimates from the environmental report. we are working on refining the cost estimate and we have been speaking with the city attorneys office about use of the open space acquisition fund for a portion of the remediation cost. and given that the full value of the site is based on the assumption of a clean site, sort of the difference between what we pay as a purchase price and the an appraised value can capture the environmental remediation. >> skews -- excuse me. i'm sorry. that's confirmed? >> yes. we have done that last year. >> okay >> although we haven't received browns field grant fund from the epa, it's strongly suggested by the folks at the epa that it's a

great candidate to receive those funds. they have provided the consultants. they are really excited and want inform #20 #2ksh -- to see this project move forward and we are hoping the funds will be available as well. >> thank you, holy. john, uptike. to give you a briefing on how we arrived at this. it's not unreasonable that there might not be a conclusive firm remediation number. that's often a negotiated element between buyer and seller. in this case it's no exception. however we do have as holy mentioned some robust to environmental site information. it gives us a good range for remediation. the first effort was to value

the property, assuming no contamination and look at offsetting that price with respect to the contamination expenses. the evaluation was done by independent third party an appraiser. it reflected a reasonable assumption of development to the property far less than tenderloin housing clinic originally anticipated. i think it was a very good reflection of the number of units that the property could yield in the future. it did not an attribute any value to any of the improvements. it did not attribute any value to the subemerged lots. we are only paying for the lots that are dry. although as you will note in the report about half of the property is actually underwater. so, we are not in a position where we are paying for anything that isn't of value. the conclusion of value puts us * at about $50 a square foot for land. i would say in san francisco, that's

a pretty good price. the assumption of development is is approximately 86 units that the whole property could yield if it were a standard residential development. the appraiser looblgd at when this could had been because there would be entitlement process bass -- because it's reflective of and the housing requirement they went through a entitlement process. there is a risk factor 245 -- that brought that price down. that brought it down by $3.5 million for the property assuming it was clean. then we looked at the environmental investigation and that there would be a reasonable buyer and seller and that's how we arrived at that net price of

$2.975 million. i'm happy to address any questions. >>supervisor london breed: thank you. colleagues, i recall during last year when members of district 8 came before us regarding an acquiring a particular site there was a plan that community support. there was just really a lot more legwork done where it was clear that it was appropriate for us to support it and move it forward. it made sense from my perspective to allow the funds to be used for that particular purpose. i think my biggest concern is once these funds run out, they run out until i guess in a couple years. i want to be very particular about how we spend them. i guess what i'm looking for is a clear understanding of why this project is moving forward in the first place without i guess what a real plan

attached to it and community support, i guess that's what i'm looking for. >> so, to the question supervisor breed, i want to thank them for being here and i also want to acknowledge supervisor cohen ace office is here. i want to give them the opportunity to speak. and assuming a project coming up next, i know supervisor cohen's office has been involved and supervisor wiener is also on the roster. >> supervisor thank you for the question. i know it's an important one. the acquisition fund, i know that you have to make these decisions very careful. this is as outstanding an opportunity for open space in san francisco as has come before you. this is one of the last pieces of available water front open

space. it is part -- >>supervisor london breed: mr. ginsberg, can you tell me you plan to take responsibility of this property for certain from the department of real estate? >> yes. >> it will be under your portfolio? >> yes. and it's part of a lot of neighborhood planning that has gone on in the indian neighborhood and perhaps cohen's office can speak about that. this is right at the hub of several other parcels of open space. we have the real potential to create what some people are referring to as a green crescent. other people call it the chrissy field of the southeast. several parcels of over space along the water front in a neighborhood that is transitioning at a time when the city is partnering to invest in housing and transportation and as density in creases in that

neighborhood we have an outstanding opportunity before us to plan not just a park, but open space that really could become a signature park of the city's open space portfolio. >> one of the other things that i brought up the last time when we acquired property was the fact that we don't have sufficient park controls, we don't have sufficient maintenance staff and with so many parks in my district and of course all over the city and the challenges with maintaining all of our park space and to increase continue to in accrues -- increase portfolio without clear defined money for it and clearly defined money sources to maintain it, i'm always concerned about the future and what that means to parks all over the city? >> i am too and these are very legitimate points. but i think

for a while the parks and recreation took the position that it was never going acquire any additional open space because it didn't have the resource to take care of the open space that it has. it's perhaps a philosophical question. in my view we need to take the long view and these are decisions that you all just finish grappling with your budget and budgets come and go and i will be here as long as i'm on this job advocating for more resources for more parks and open spaces because we need it. these are a hundred of your decisions before you today. we have the chance to actually increase and conserve open space and accrues the city's parks portfolio. and meet changing demographics and projections about growing urban density in this city. it's a really important moment for us. i think we need to take that

risk. i think we need to have that conversation honestly about our resources that can match the real estate portfolio that we have. both of the parcels we have before you today and the acquisition that is part of a development agreement that i think you also have been considering do come with some creative and financing mechanisms and thought about maintaining it. you will hear more about our plan with respect to francisco shortly. with this plan we have been in conversations with some of the developers in the neighborhood about landscape and assessment districts and mechanisms to help fund and maintain that park. we have just secured a $500,000 planning grant for the phase. which was your question about asking if we planned what too do with the

space. we need to have a conversation whether we are right size with respect to the park and maintenance and staff. before you today is a decision that will benefit generations of san francisco for many many many years to come. >> i thank you and i think what was really compelling about, i think it was a knowey valley where the park was. i think what was really compelling about that particular project and the reason i supported it was overwhelming support. it's what we expect to do to take care of our parks and the fact they love the space and utilized the space and willing to roll up their sleeve, raise money and support and maintain the space and it wasn't completely the responsibility of the city. i'm just wondering, you know, where is the community support and where is the community involvement. how is the community in that particular

area going to step up to the plate and take responsibility for this park. >> as you know -- >> for open space area. >> this is part of anne merging or developing community. but this is not a top down project. this is pretty much a bottom up. i will never forget probably within the first three 3 months that i was on my job over five 5 years ago that i was almost summoned down to indian basin by the neighborhood association and joe fox with their master plan for the space. i have to tell you ever since that moment when they gave me the tour and presented their vision that they funded, that they have been working on for years, it was really compelling about the potential for this site. so i don't know exactly who is in the room to speak for what today, but there is a very deep and passionate well of

community support from those who are currently living in the indian basin neighborhood. don't forget this is a neighborhood that we are going to see over the next decade or so a significant increase of density as housing comes online. this is an merging neighborhood and this did an amazing job of grabbing onto the project of an existing one as opposed to anne merging one. >> the indian basin community folks prepared a community plan for the indian basin shoreline back in 2010. it's for the whole neighborhood but specifically in regard to the shoreline and recreation, they do contemplate public open space for this site. this is more open space and more shoreline access is the really high priority for the neighborhood. so this document is something that articulates that vision. >> thank you.

>> so, supervisor breed we have two of my colleagues on the roster. what i would like to do is give supervisor cohen's office an opportunity to speak. i don't know how many speakers are on item one. koens -- koens cohen's office is right behind. >> thank you. as far as the consumer report, this has been a 10 -year process that has involved the community, the indian basin neighborhood association, michael hammond who has me on speed dial is calling every second and jill fox who is on the department of elections. i have asked her to come speak if available. they are heavily involved and

offered to do anything to push this project forward and also pro sack citywide organization has submitted this project and recommended resolution and supervisor is very supportive of the project. >> thank you. any questions for supervisor's cohen ace office. i will just say given the francisco reservoir has gone through the same process and there has been a great deal of community support for this project. >> i did have a quick question. can i just ask, i do know jill fox and a lot of indian basin neighborhood and i really appreciate their work because i think it connects the access for families that are living there, but has there been much activity among the hunters poise -- points of community groups because i

know they would benefit as well as the indian basin neighbors? >> sure. the bright organization has been presented to on this acquisition and they are supportive. i can if necessary, i can get letters of recommendation to you all by the end of the day. also, the baby hill neighborhood association, we've had discussions, there is no form offal endorsement of it. but they are also supportive. >> thank you. supervisor wiener has been in the roster for a while. supervisor wiener? >>supervisor scott weiner: if you have something to say, i can wait until you are done. >> i just wanted to add to supervisor's question about the level of support in the southeastern neighborhood. i don't know if this has been said this, the director and park alliance are going to participate in public comment and know they have been

engaging and in a really citywide planning process on something that we call a blue greenway which addresses the water front open space with the connection from the open space from the central water front on tiff of the southern water front all the way down south through a variety of neighborhoods and community in the city. the indian basin is an overall piece for the greenway. >> supervisor wiener? >>supervisor scott weiner: thank you. so i'm a strong supporter of this project. i also had an opportunity like supervisors avalos to not see this site, but by a stretch of the area. it's going to take time and commitment to make it happen. i think it's

always important as supervisor breed did ask legitimate questions and those are legitimate questions to ask. this points us in the direction of doing this acquisition. first of all. in addition to the strategy that mr. ginsberg talked about in terms of the water fronted and this is the biggest picture and in terms of our open space acquisition situation there is, i have always understood it to be this property as part of a broader strategy. the board was i think correctly and thank you colleagues unanimously supported the acquisition of the future side of the knowey valley square which they worked on for several years and grants and fundraising was almost totally funded for the actual construction of that project.

it was very exciting. i understood at the time when we moved fore with that site, that moved forward first because there was a time sensitivity about purchasing because if we didn't purchase it that we were going to lose it to development. i always understood the other pieces to the strategy for the purchases where the eunice property, francisco reservoir and as yet unidentified parcel in district 6 which definitely needs more open space but at the time and even now we don't really have anything concrete in mind. i'm sure that will change and i know i'm very committed to making sure district 6 are received in acquisition. all of these projects in their own way add significantly to the open space portfolio of the city. the property does have a very unique way. not just so that

neighborhood although there is significant support there. but this is also with plenty of support citywide and it's going to be a treasure, not just for san francisco residents but regionally and for visitors for many years to come. i also want to say, i am very sensitive to supervisor breed's comments and concerns about, we have a large park system, it's 14 percent of landmass in san francisco is parks and recreation property. 14 percent of san francisco property is parks. it's one of the best parks systems in the world and we need to do a better job investing in it. i have been very vocal during various budget cycles that we

are not doing enough for the department in terms of gardeners, in terms of park patrol and in terms of the basic maintenance. we were able to put in more money but it's not enough. we have to do more. that shouldn't stop us from making the system even better. open space is one of the bige drivers of quality of life in the city. the thing about open space is once you lose it to development, it's gone. you are never going to get it back. so when you have an at some point to preserve open space, you have to strike while the iron is hot. even if you don't have a plan of a hundred percent in place at the time. if it takes you five 5 years to build it out, that's fine. it doesn't have to happen right away. but if you don't strike when you have the opportunity you are going lose it. it's going to be developed and you are never