weeks we have those waivers in hand we will then recommend to the board to adapt the new payment terms on your meeting two w from now we'll recommend you move forward open the melrose with the original rates and escalation that you have in front of you that's basically, what we discussed i want to tend o end in terms of thanking very much all of you for first of all, standing firm that was something by the didn't want to give ground specifically supervisor kim and supervisor wiener and another supervisor we're clear we're on board and we're grateful with that, i'll give to nadia to go into the numbers >> so supervisors when we presented earlier we estimated

that the project will get $806 million in construction fund with the proposal that ken alluded to the estimation to e extension to thirty years allows us to change the bond terms from 31 to thirty years and collect the special tax we've tried to make sure that the project is made whole at least in the first 5 years to deliver it on the comments that some of the landscape and open space expertise plan that was outlined in the transit center district plan by doing that we're able to reach approximately the 8 hundred and of million dollars promoted for are the project and take a look at the proceeds the money get us to the 8 hundred and of million dollars that is needed understanding that the estimates and those are

assumptions they could change as the development moves along. >> supervisor kim. >> thank you president chiu. first of all, i want to say i'm really mrldz we're moving forward with the resolution to form the transbay transit center community facility and that the city will be securing the entire the special taxes to make the developments and open space pedestrian safety and transit and other infrastructure that of promised to the residents particularly our residents in the south of market their geng including the expensive office uses in the history. this up zoning means the profits and property values and it means benefits for our city's residents. i wanted to make a few statements about what was presented by i want to make a

motion for technical amendments to our 3 items here today first for the resolution of necessity to occur the bond depthness i want to make an amendment to recognize it was open and continued on september 2nd at&t's and the director will be responsible for the bond measure and the resolution calling for the amendment introduced to do board for two reasons to attach the manual that comes with a description in the manner of which lecture fore will be calculated and to to appoint the director of elections to conduct the elections also to make a motion to make a series of amendments formation it is a series amendment i hope i can go through the technical amendments

>> thank you, supervisor the rate that was approved by the resolution information has changed for two reasons to provide clarification of potential amp get with respect to the buildings for a portion of the building one to provide the levy of special taxes on publicly owned property as the same as base of private property and two to clarify the property maybe going to to participate in the cf d and by agreement with the skeshg agency this change is necessary that the two entities of the transit center plan the city and ocii those don't increase the maximum tax and i have also proposed prepared a

report that includes the modifications on the probability special tax to be paid by the owners of lots of parcels in the district. the report also sclukd that those changes will have no impact to the special tax to be paid by the owners of the lots of the parcels in the district the resolution information has been changed in the introduced version to describe the consistency of the cf d with the transit center plan most importantly it provides for the special tax to be calculated to be 55 percent of the property vail. the formation also addresses and units a compliance with the sequa and also provides that the in no circumstances that requires supplemental eir associated with the district. the formations has been updated

to reflect the fact that the cf d includes the private properties to construct the tiements to join and the publicly owned property where they intend to transfer the property and the property will be obligated to pay the tax in the district >> so those are the motions before us i will make the motion. >> supervisor kim has made a motion to amend seconded by supervisor wiener we'll take that without objection. we'll pass those amendments supervisor kim. the court: thank you. again want to give thanks to all the parties we were able to get into the final structure that works with all parties that remains the dollars on the $860 million we are projected where from the

special taxes to fund those improvement i want to make f that clear that the mayor's office asked for the additional week that we're approving today and exploring the litigation i want to make it clear it motion was made in order to make sure that the city would not risk a single dollar of the revenue this city will pay for the 70 infrastructure costs we not to make the neighborhood stronger i commend the mayor for refusing to lower the tax amount and backing his commitment in district 6. i heard a member of the public that the position has been exactly that. the promised infrastructure is exist exciting beyond the downtown caltrain project those

will pay for a initiative bike lane two large parks one the well known rooftop park and a beautiful under used park with the children's mraushgd and eateries and other things it will pay for boublts and the extension of caltrain to the downtown area the residents are super excited about and the developers have agreed to hold up their bargain and agreed to pay for the full tax amount and have an continuance inform expend the number of years from thirty to 34 years. to emphasize those changes will not impact our ability and as a

bonus we will be awe vefrt a litigation. and our ability to draw down on loans we're anticipating to build this important public project. further we know that all of those improvements not only benefit our city but purposes by increasing the tornadicness of this discount neighborhood for workers and residents so again, thank you for your work and to our neighborhood residents to came out to advocate for those improvements as well >> supervisor wiener. >> thank you, mr. president. >> so mr. rich i understand to be clear for us and members of the public and obviously over the next few weeks we'll articulate this in a clearer way but under the proposed resolution and i'm really not

referring to it as a compromise because we're getting all the money or the tjpa is getting all the money we were seeking so we're not there's been a position taken by the developers the amount should be dramatically reduced by perhaps a few million dollars but this resolution will provide the tjpa with all the money it had been anticipating we've been proposing in this proposed melrose it will be in terms of the tjpas ability to on or about bonds and receive cash actually build the infrastructure projects that timing will not be affected they'll get the funds and all this that is changing is the structure for the payment of what the developers are required to pay.

into the melrose fund. and the additional two weeks will allow you and your office to not only make the required amendments but to obtain all the iron clad waivers from the developers not from the develops a lawsuit a challenge to the melrose and actually required to vote for the melrose that think a timetable that works did i get that right of >> you go got it exactly right thank you. >> with that, before we went into closed session for me what matters is we're making sure we have the funding for the critical transit projects so given this resolution first of all, i want to thank the mayor for really standing firm i want to reiterate what supervisor kim

said there's a way to approach let's give up the money but the mayor stood firm and i want to thank the developers and their council for you know, i i think making their position known and understanding what the board and the mayors positions were and then coming up with what seems at first glance to be a solid resolution so give that having it is two week continuance locking it down makes sense. >> with that, colleagues unless further discussion if i can entertain a motion continuing to hold this up until september 22nd. supervisor kim and supervisor farrell we'll take that without objection. that is the case and with that, mr. clerk. could you read the the memoriams

>> supervisor avalos. >> on behalf of the supervisor campos for the rashawn and supervisor wiener and on behalf of supervisor chiu important the late lincoln and for the late mr. wayne and on behalf of the supervisor kim the late doould. mr. clerk is there anyone who wishes to speak on the item? >> there's no further business. >> i want to thank sfgovtv and ladies and gentlemen, with that, we're adjourned.

>> san francisco parks, golden gate park transforms into one of the greatest music festivals

of all time, let's journey, inside, outside land. ♪ >> to this, our 6th year doing the outside lands and our relationship with san francisco, rec and park. and we work very closely with them in the planning and working very closely with the neighborhood organizations and with the city supervisors and with the city organizations and with the local police department, and i think that the outside lands is one of the unique festivals in the world and we have san francisco and we have golden gate park and we have the greatest oasis, in the world. and it has the people hiking up hills and down hills and a lot of people between stages. >> i love that it is all outside, the fresh air is great. >> they have the providers out here that are 72 local restaurants out here.

>> celebrating, and that is really hot. >> 36 local winerries in northern california and 16 brewers out here. >> and you have seen a lot of people out here having a good time and we have no idea, how much work and planning has gone into this to make it the most sustainable festival in the united states. >> and literally, in the force, and yeah, unlike any other concept. and come and follow, and the field make-up the blueprint of the outside land here in golden gate park and in the future events and please visit sffresh parks.org.

>> good afternoon, everybody. thank you, everyone for being here and i want to thank you for joining me and the board of supervisors for this special occasion to sign our next two year budget 8.6 he million dollars this city is worth it. it is as i may say an historic time and budget navigate as i signed this budget i'm reminded and i think the supervisors know this as well it is really the first time in 6 years we've had a budget deficit under $100 million the supervisors feel it as we've gone to every district and 4ri7bd to the needs

of the district and make sure the budget reflected not only citywide values but our neighborhood as well i want to thank you president chiu and supervisor farrell all the members of this year's budget committee who are standing here and the entire members of the board of supervisors. i want to thank and department heads many who joined us in our neighborhood and thank the commissioners for your hard work with checking in with our department heads to make sure we're producing this budget this year's budget reflected a lot of good hard work between the city government and the people we serve we've should with our city family and left-handed to hundreds of community leaders and the people that get the work

down you our labor force they were a great part of this year's budget we should to get the contracts with literally all our city employees thanks to our labor leaders this is a strong reflection of carried out services i want to thank all the elected officials not only do we represent the department argue as elected officials they give us a lot of good advice well beyond their divisions. twoeth together with the board we've made smart investments and the budget is fiscal pursuant that is a keystone to our city we've increased the services to our recipe are the input they've

been critical in transportation and education and our social net and infrastructure that is recorded in the cost of living increases we make sure we did for our nonprofits and their an incredible part of our delivery we've made fair wage increases to our city employees an, an historic investment in our housing. i would say i think we all truly building that the big challenges of our economic challenges are behind us but we don't want to deviate what is has gotten us here to be the fiscal success the continued commitment to our fiscal responsibilities to make sure our budget balances all the needs of diverse communities and

we'll continue to invest in our infrastructure and most importantly in the people one hundred percent of all the people in san francisco. again thanks to the board for working together with us for creating the budget. in his second year supervisor farrell thank you for your steadfastly leadership and commitments to building this collaborative process (clapping) i want to say thanks to dan roman field to make sure not only his capacity as controller he keeps us on a due course (clapping) and the people that helped me to make sure i've got all the issues in hand and that's my chief of staff and kate howard both from the controller's office and the mayor's office

for their excellent work thank you very much (clapping) budget whiz wards i call them. but i'd like to an opportunity to specially niefrt david for a few words he's been watching this in his district and the whole board of supervisors. supervisor david chiu >> thank you mr. mayor just a couple of words first of all, those of us who were here when i came into office we had half a billions of we were debating whether to close down first stations and trying to figure out where to cut hubt i publicity and services i want to

thank dan roman field in 149 we passed two year bushlt. >> hydrahave a healthy budget due to our budget wizards i want to congratulate us was likely the easily budget to move forward because our economy is healthier but we're working together to fourth our top priorities and what we're going to invest in i want this thank obviously there's a tremendous amount of work that happens at the board of supervisors i want to thank the staff and the budget committee their hard work led lbe their fear also leaders supervisor farrell and he can go home earlier to spend time with his kids in the evening

supervisor farrell. >> (clapping) >> thank you president chiu and mayor ed lee it's maiming two years in a row we've passed this out of the committee and the board of supervisors. when we started this process i think mayor ed lee and i had a commitment to have an open and transparent process that did as is mayor ed lee respect to every be district to meet with the committee heads and we had a town hall online meeting so people could weigh in we want to make sure our budget protects us for the future it's not talked about we're the only city in the united states that passed pension reform and things at the battle we're setting ourselves up in terms of our physical headquartered we wanted to make sure we worked with the board of supervisors and my colleagues, i

want to shout out to all my committee members supervisor avalos and supervisor mar and supervisor london breed and conserving who pickup truck in the countless hours and lastly we wanted to make sure that the budget we passed was also rehabilitate of the things in our entire city the mayor prioritized things in his budgeted a lot of money towards affordable housing or continue the road repaving making sure we invest in our infrastructure critical things we've done and the board of supervisors coming on top of that food security so our seniors and protecting residents don't sit home hunger i think we can be proud of you want to say a special thanks

first from 0 my staff katherine to the mayors team kate howard she is indescribable to our team and the whole city of san francisco for her entire team thank you kate for all you do (clapping) and as was mentioned to the inspire controller's office dan rosen field and late nights they're here past maintained this doesn't happen so thank you ben and your entire staff for all you've done (clapping) and from the boards prospective obviously hearing rose thank you for your hard work this was

haurz 40th budget inside city hall thank you favoring and to our own city attorney's office john gibner, deputy city attorney and all their hard work and certainly to the mayors other team and staple jason and the entire team that works closely with the board of supervisors. thank you all we're all proud of the budget two years running we passed it this year earlier and on time and passed consensus on time thank you and thank you to all for being here (clapping) >> and let me add my personal thanks to harvey i asked for the county of los angeles we question got it. this is just a budget document i know it reflects a lot of what we worked hard at planning for.

what we do do outside this budget document can challenge the dedicate balance but i have faith the people that carry out the budget most of who is standing here are going to do us proud i ask not only celebrate the budget but the people who are going to carry out the budget to the city departments you're going to make sure we carry this out. are we ready to sign. all right. let's do it (clapping) want up close?

(laughter) all right. and today is july 23rd >> 23rd. there you go done

>> we love our parks, but we love... >> and the community who is really the core of it all, came together and said what we need is a place for our teenager to play, not just play grounds for the kids and soccer fields but we need a skate park that will keep the kids home in the neighborhood so they can play where they live. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place