interstate for the solar installation and we don't know >> how much rent for the units. >> the starting rent is estimated a dollar 11 per secret plus the square feet i know that kim has done the rent analysis you can jot the numbers down but that's roughly the estimate. >> that's by month. >> yes. by month. >> and what's the square footage. >> it's 58 thousand square feet and 96 himself 98 gross excuse me. >> okay. >> thank you. commissioner mondejar >> yes. i have a question if you don't mind. how much money are you expecting to raise so the 5 artists who

has indicated that they might not be able to afford the rent is there an approximate >> we've been planning we would like to double our take so historically star lass has been able to raise we've netted 15 thousand and we've been 10 or $11,000 a year but we use that for our operating budget and support other local programs so your goal is to raise an additional 5 to $10,000 this year to use that as seed money so it gave us a curb on before the precedes from the savings and the solar kick in. >> so you don't know how much

you'll need to submit device the artist rent. >> we don't know for sure based on phone calls and surveys every effort to determine who niece subsidy we've identified 5 artists if star subsidies hundreds percent of what they're paying today it will costs $19,000 a year so our goal to make sure we have 19 thousand. >> i see thank you. >> sure. i had a quick question had you said that when the lease will be presented there's a change in circumstances i'm not sure what this is what timeline that could be >> and estimate to try to get an intent to lease closer to the start of construction for the artist studios i think that's.

>> november. >> the middle have to early next year. >> okay. >> so the schedule a often depending on the construction process and yeah, so we think 2016 i meant 2016 that is when just before construction it is typical of new buildings. >> okay. so we'll have a better picture of what, you know, the delta if, if you will, between the number of artists and need and dollar value so to have time for fundraising >> yes. i don't know i know people's circumstances change. >> we'll also continuing our

outreach to try - artists are like herod cats that's the people that have funny schedules we're continuing our outreach we want to be clear on the issue we're trying to nail it down the best we can we continue to talk to people and ask them to let us know if things change so we're aware. we have the records they're quite good >> we'll keep ocii we'll keep annabel up to data on a weekly basis we appreciate the support we're getting and want ocii to know exactly what information we're getting. >> very good thank you. is there a motion? >> i have. >> another question. >> oh, yes. what others expenses you have

other than those. we sponsor some programs we have an artist and residency program we support small education programs that are with schools and hunters point bayview hunters point last month we spent $500 sponsoring summer camp to the xoofrm exploratorium for the day we have artists that work with the schools so when the schools are doing something you, you know, some special project they'll come to star generally through the avrts they're working with and we work with the artists in residency programs. most of our funds right now s are used for operating our

paying our administration assistant but basically, we have $20,000 a year >> so you're the main person. >> partner. the main person in the organization >> yes. >> what's our annual budget. >> what we try not to go into our saves it's $19,000 a year. we expect to increase this drastically as we build our programs initially we've been an advocacy program we're building our board and have brought on new board members that have you experience but fittings that's not been our focus. the other thing i want to see what the artists concerns are but the second phase of the art fund we'll have savings for the solar forever and once the

artists that are being relocated are managed any additional funds will subsidies local bayview hunters point and hunters point artists so there's a community point we don't know the need >> how many total artists. >> one hundred and 37 so it represents one hundred and thirty studios and that changes from day to day not the number of stoouz studios but the artists. well, i move. >> i second. >> no commissioner mondejar has moved forward and commissioner singh has second. >> commissioners. commissioner mondejar. commissioner singh. commissioner rosales. madam chair the vote is 3 i's.

>> the matter has passed next. >> the next order of business is 5 c continually authorized the executive director to consent to the lease on, llc to california limited liability company and the historical society a california nonprofit corporation consistent with an agreement for property at the 680 mission street former yerba buena project area d one discretion and action. madam director >> thank you madam secretary commissioners that came up in may before you and this consent to lease for the change for the california historical society. and at that time the commission had a number of questions related to the previous

agreement that go back well over a decade that was recommended to the original developer for the paramount remain and commercial property and in light of the squeeze on nonprofit space citywide certainly, if anything else can be done that is shard between h c s f and ocii we've worked diligently with city partners to come up with a creative solution that we believe addresses our concerns. with that, i'd like to ask christen the real estate specialist to walk you through the proposed issue. >> thank you director bohe and

good afternoon, commissioners that is a continuation of a may 6, 2014, resolution commentating to a long term lease between third and mission and a affiliate of the california historical society or c h s for approximately 15 thousand square feet in the paramount on mission street. as a quick refresher the agency entered into the lease for a 4 hundred and 92 secret project on mission street this is bound by mission street and third and jessie and has the paramount immediately adjacent to that the

california historical society and the backside along jessie street is where the hotel so it was completed in 2002 and consistent of a mixed use tower. the site as originally purchased by itself agency with federal urban renewal you funds when it was sold the purchase price was denounced and has a nonprofit space specifically h s. in 2003, the developer entered into a lease with 15 thousand square feet which fulfilled the lda requirement to protect the project the lds has to get the consent of the tenancies or any

lease termination. on may 6th the agency was asked to reduce the leased premises by 10 thousand square feet and allowed to lease the mandatory to other yourselves this was all in exchange for the buy out price to be paid to ocii and another agency in installments. under this agreement ocii will receive a portion to recover the land use in 1999, for preserving the paramount space for c h s since that public benefit will no longer exist.

as you see ocii portion equals $947,000 which represents 2/3rd's of the developers count in today's dollars that will be distributed beginning in january of 2015 with a final payment of $197,000 in january 2018. once received ocii will transfer the money to the mayor's office of housing of office of economic workforce development or oewd that administers the money this is because the land sits with urban reluctant - renewal funds. the commission expressed the

nonprofit dedicated space as a result, the staff vegdz the square feet relinquished could be used by another nonprofit. the staff determined the space was not suitable for the following reasons it's not accessible to the street so it didn't have a dedicated entrance and two it is relating expensive toronto make it suitable for a nonprofit. for those commissioners would were not able to join us on the tour i've got a couple of pictures this is the paramount with the residential lobby that's how the nonprofit space is educated it didn't have its own entrance. and you can also see in the picture that immediately to the right of the paramount is the c h s space which is currently

owns and the bottom image is the portion of the leased space. subsequence to the may 6th meeting to the nonprofit space in the jessie hotel on jessie street connected to the paramount in addition to the payment of 2 hundred 25 million the terms of the traction are summarized the premise is 41 hundred usable square feet and the tenant will be the city acting by the department of real estate that will sub lease the premises through it's nonprofit stabilization program i'll explain in a moment. the term is approximately 8 seven years expiring in 20021 the rent is plus 6 there's socio

square feet per year and finally the city as tenants will be responsible for all tenant improvements in the a space which is currently here. ocii intents to use the 9 had and $47,000 to fund the tenant improvements through the nonprofit rent stabilization program. this slide shows you a couple of images of space that is being offered the picture on the adapt top left is the exterior of the jessie hotels and the blue doors provide access to the elevator and this is showing the exterior of one of the floors. now i'd like to tell you a

little bit the nonprofit rent stabilization program it is approved by the board of supervisors in may to reduce the rapid rent and on the nonprofits in our agriculture fields the board approved $89.9 million and $2 million to the san francisco art arts and culture organizations. the plan is for the funding to be awarded to intermediate nonprofits that will make sub grants for acquisitions and to provide technical assistance including the lease negotiation and recognition to 501 registered nonprofits and as i've mentioned the city's plan is to actually find a tenant and do the improvements through the

stabilization program. and now is next steps. the terms that i outlined earlier are currently been incorporated into the jessie hotel and it's separate between the city and the developer it's anticipated that this lease will be background to the board of supervisors hopefully in september the lease will be depends upon on board of supervisors approval that concludes my presentation. as well as representatives in on the other hand, and c h s and related are here to answer our questions. thank you >> thank you. do we have any speaker card >> yes. madam chair 3 speaker cards. >> will you please call. >> members of the public please come to the podium in this order

(calling names). >> thank you, very much and staff and members of the public. i'm here honored to serve as the ceo of the california historical society founded in 1971 and registered as a nonprofit in the state of california in 1-80084 had 5 i didn't know they were registering people then we rummaging request you approve the amendment i'm grateful for our colleagues efforts to provide the nonprofit space. c h s designated the benefit for the tower project and about 17

thousand or so square foot we have invest money for the 10 thousand square feet and this is constructing an elevator and as staff articulated the space wouldn't be made workable in 2009 we began conversations with third and mission related to lease that portion back to them. by 2011 we arrived basically at the deal you see before you and embarked on negotiations with the city as the agency crisis will be rolled across the street we agreed to the repeal the evidence will show and agreed to the lease amount in 2011 and continue to cooperate with the

ocii staff we are continuing to wait in hopes that this deal what move forward and the initial payment can, released to our nonprofits with the focus years to have this happen which you guess has caused significant uncertainly we know first-hand the nonprofits facing in the city we hope to work with one hundred and thirty nonprofit partners we've worked with since 2011 this is on behalf of the staff and members and supporters i ask you to please authorize director lo he to concur with this sins it's been approved by the board of supervisors for the additional 41 hundreds square

feet if you have any questions, i'll be happy to answer them and i'm deeply grateful for your dedication to the city's improvement >> thank you. next speaker. >> i'm tom owens i'm the president of the historical society i want to say that the director presented it's been a long trip i was the original new yorker in 2009 and hope in commission sees the wisdom of the endorsement for the project. >> thank you. >> commissioners i'm glad the two last speakers talked about the historical issues. i'm glad to say i remember the commissioner back in the day of

the housing authority now, it's company is in our community and, in fact, all over the city buying up property that is going to be used by the city but wow, i want to work with our project particularly in my community you're dealing with people that at the bottom of the to tell up pole and deals with martin luther king and you're getting the key to the city. but the thing i'm up here to talk about the history and my perhaps after this are will be in contact with the related california to see we as community people that look like me are going to be involved with our prosper. ace you should get up there and talk about the lines maybe

because i've not got form education but i can write songs about what is happening in my community. i'm not here to say yay or nay on this project you're going to do what you want to do and by the way, mayor ed lee knows me it's no mystery all you have to do is check the black history and a that ace has been looking at cases that are involved in enterprise i have another mini want to be clear to all that here are ace is phenomenon on the case you know i have a moral obligation i've got kids i've

got kids. yes they've got kids i'm a great, great grandfather so i've got a moral education to do what i've doing and has been documented and to disseminate this information to our next generation who are the players on which they are impacting the city that sits by the bay it's time for you all to hear what i've got to say i live and breath and document everything i'm going to speak on. i hope that after this i can get our card and i'm ace and i'm on the case >> thank you. we're going to close the public comment period commissioners. do we have any comments or questions

>> i want to ask mr. ben. >> mr. woody commissioner singh and yes. there's going to be 4 hundred and 95 residents. >> i'm sorry. >> the dollar is how many units you're going to have in this. >> you mean the space. >> yeah. >> actually in the commission approves this we won't lease it out but modernize and expand our paramount which is a 10-year-old building. >> what is your - >> we probably won't lease it out. >> what. >> we want to keep current with what's being built today. >> okay. thank you.

>> commissioner mondejar. >> yeah. i have a question for executive director. >> yes, ma'am. >> i had the chance to talk about the space you're giving up the space initially you took the california historical society took the space you needed more space to store your collection now you're giving that up what are you going to do for additional needs. >> we still have the space we are that originally gifted in the basement of the paramount we continue to use we have to go up and out so we're searching for alleged space as well. >> so you don't have any space yet. >> we're moving all that; right?

we have not utilized the third story space >> so i appreciate that something this is shthd that was difficult. i know your organization has been carrying the burden for a couple of years a year at least so i'm glad we've found something that works >> thank you. >> i concur it's a creative resolution of the southerners presented and allows the lease amendment to go forward and offers space to ness in san francisco so it's a good collaboration. do i hear a motion >> i'll post a motion. >> one by commissioner singh. >> commissioner mondejar. commissioner singh.

commissioner rosales. madam chair the vote is 3 i's >> next item and the next order of business is 5 b authorizing an amendment amended and stated architecture with the l t unlimited partnership consisting of the, llc a california liberate company and the chinatown development center a california nonprofit corporation for a totally agree gait of $69 million plus for a development of no income artificial building on mission bay block 7 west pursuant to the quality control act and resolution number 63, 2014. >> thank you madam secretary

and thank you to the members of the public for continuing to join us. commissioners we recently approved a schematic design for this particular development a few months ago i'm glad to report to uscf have paid their fees that's a recent development in our housing manage jeff white can provide you with the details it's fitting we're here to bring the final gap financing for this incredible project and the two developers are cdc related partnerships we're glad to bring this back and so with that, jeff our housing manager >> good afternoon. i'm happy to be here to present this