there's an item in the shipyard related to an international south african place and there's transbay parking structure has its own line with nine hundred thousand and 392 to 95 are the housing project we're anticipating moving forward on the mission bay east and shipyard block 54. the mission bay items don't show a dollar amount their using the tax increments optional hand we're shown that being taken ♪ the past so the department of finance says we don't need to list it as a request on this period. some changes since the version that were mailed to you last friday those are minor i'm going to put them in here to make sure

their note a few shipyard 32 and 34 are changes estimated services and item 345 changed did bond administration we're thinking of trying to move forward after the potential to save money in mission bay it couldn't be included because it's quite possible within the six months we'll be back so we've increased the line to include that. transbay block 9 it was increased in 33 to 34 million we increased the bond for the trust.

so i want to go back to the bond precedes i thought it was on here - that just to make the point we did 384 to 386 on 1314 b but not on 1315 a the hunters point shipyard streetscape improvements and finally also new on this was not on the previous one the excessive housing precedes $8.2 million proposed for a portion of it for housing authority salvation repairs to help repair for the housing authority the other pox

is a grant to nonprofit, affordable housing agencies and those could include capital repairs or creation of new unit. so that's for that. $8.2 million. finally in items of next steps after we go to the oversight board and sent e send this to the department of finance we've been working with the treasurer and bringing that back to you when we have estimates from the krovrlz and the treasurer as to how much we're asking for we'll expect the disables by early november and if there're a need to confer we have 5 business days to do that my mid december we have the determination on the loan and the property tax distribution for this on january 2nd with that, i'm happy

to answer any questions >> thank you. first public comment >> i have no speaker cards. >> no speakers so, now in the hands of the commission any questions? >> i have a question. >> yes. please. >> so what are the chances we're going to get the treasurer cash loan and oh, i think it's actually very, very i high i'm be surprised the city has a strong interest in having no question about our credit and the payment of our bonds our reputation has an impact on the san francisco so they're concerned it really in some ways we're borrowing our own money we

have money on deposit more than what we're borrowing so there's not a risk to the city i don't anticipate a problem in completing that that is only the paperwork. >> we don't have to invoke the items. >> i certainly hope not yes. >> i wanted classification we do about the repair of elevators. so we do fund that? >> being proposed. >> it's a proposed use of the funds we'll be providing the founded to the city and the city will manage the disbursement they'll meet the bond indentures so they'll have to look at the rules at this point it's up to the city to manage that portion. >> thank you.

commissioner singh i have questions >> no question good job. >> i have a question and it's this item that commissioner mondejar mentioned $8.2 million. did i hear i say that not all of the $8.2 million was suggested for elevators repairs? no, i think a portion for elevator repair and the next for the grant and nonprofit housing providers >> you can't can you talk about the split. >> i wanted to leave is flexible so that it didn't have to be locked in stone but could be flexible there's a budget at this point i'm sorry, i don't want to say the wrong amount. where am i? do you have that and 388

>> it's in the notes for 388. hi commissioners sally deputy director for the record they made $3 million would be for the housing elevator repair >> it's actually in the notes. >> i read that it was the first memo i read over a week ago i so apologize. so can you give us more clarity the reason i'm asking you remember being excited hearing the money was available found whatever word you want to use and i recall i think it's when we were at the one of the mission bay community meetings i asked the question would those funds be able to be used citywide i mean obviously for proper purposes or that meet the requirements and the answer was

yes not specific to my project area i was excited that those funds once granted to the city could be used in the admission as an example that has a high need for affordable housing. and so i'm actually disappointed that unless, you know, i'm overlooking it that that use, if you will, or the application of those funds might not be used in that fashion. so i wanted to a couple of things i want clarification not on the elevator part because obviously that's critically needed i understand that i guess i'm asking what this reference here precedes for affordable housing that will go for affordable housing granted that may include the capital

improvements can you give me more clarity over or on that >> there will be another action to come before this commission and oh, mayor's office of housing here. >> thank you. >> kate deputy city attorney of the mayor's office of housing. i want to speak to the tax exempt first of all, we're grateful and happy to be getting those proceeds i want to clarify the restrictions open the use first of all, for example, the tax exempt status prevents them being used inform certain credits 99 perris includes the low income tax credits for the affordable housing their incompatible with the traditional affordable housing

in the admission we have new units coming up unfortunately, we can't use the tax exempt as the evidence will then show for that that housing development so we looked at the oval portfolio and so see what are the other uses one first of all, they have to be grant precedes and the second they have to be used in a tax exempt way so repair work is a great use for those funds. we had a very immediate need in the terms of the housing authority the breakdown of the elevators has created a hardship the elevators are so old every part of the elevators has to

manufacture we're using the fund to pay for the balance of the elevators work the $5 million that are used for capital repair we want to go out with the notice of available to our nonprofit sponsors across the city and say look we're interested in the premature of the housing this is not something that will have to be combined with tax credits bring us our deals and your project like roofs like disabled be accessibility and new interior finishes and overall deferred maintenance we'll provide those funds to preserve existing affordable housing stock. now sometimes developers want to

repurpose underutilized space and actually add space to their building that would be a great way to bring new units online and of course, available to the city overall. and we hope to be adding most of these funds in addition to the exempt funds to make the pool digger and reach that many more unit we anticipate the primary use of those funds is going to be preserve vacation we insure our haentd tenants live in good place and it also freeze up other money we having would have p had to put in the preserve vacation like coming up in the

mission for example, we have the rfp coming up for the mission that will use the funds so it's add i have to our budget and help us to further the mission of quality affordable housing. >> i appreciate that and i'm glad you said that on the record you read in the newspaper about the deplorable conditions and in some of the buildings we're in san francisco not in a small town in a poor third world country yet it sound like some of the shanty experiences are here i'm clearly feeling compelled that should be taken

care of immediately, the $3 million if it fits quickly i'm certainly in favor of that i don't want to overlook other needs like the housing authority i doesn't want to cast a doubt open another agency but it is shocking any agency would allow the conditions to get to the place of no refinery for this agency to come into save the day it's bittersweet kind of dilemma i appreciate the planning thought process in the mayor's office of housing that, you know, you're not essentially

going to offer look other parts of the city especially new needs because in the mission based on what people told me proportionly speaking there's not the same percentage the affordable housing stock fringsz or formulation in the mission i'm told f that is accurate other parts of the city that mission is particularly vulnerable we have more affordable housing stock that's a decision the city might have done years ago i appreciate the explanation on the record and thank you for, you know, kind of thinking those issues through. thank you >> and i do want to say for the record we have four new

developments two in the mission and one is in of the last affordable housing development parcels in central freeway and one at the port we're happy 50 percent of our in the mission. >> so very good thank you, commissioners. >> okay any other questions or comments. okay. thank you. i think that closes that item no action needed. workshop please call the next item >> the next order of business - the court: what. >> it's a workshop there's no action. that needs to be taken but call the next >> item 6 public comment on non-agenda items madam chair.

>> i have no, i'm sorry i wasn't ready for this item i don't have anything to add at the moment. >> next order of business report of the chair madam chair. >> commissioners you have a number of informational memoranda in our packet, however, i want to highlight this one particular item which is the we did an rfp for block east the next mission bay affordable housing site with one hundred and 35 units and is typical we went through a rigorous process and exclusive negotiation and predevelopment loan will be brought before you but based on the initial respondents we received 4 high quality proposals of which 3 are

responsive and those proposals that is they were a complete package the 3 proposals from bridge housing, from mercy heirs partnered with the housing corporation and have tenderloin corporation or t n d c that is developing block 8 in transbay and chinatown community development unfortunately, the later proposal was not complete it lacked a workforce action plan and a few other items they were not considered as an agency police radios only from the staff but the staff services from the city and the unanimous recommendation from the panel was to recommend to you for your later consideration in an nba

loan or the tenderloin corporation they've partnered with architecture firm solomon and studio very sincerely, and brought forth a literacy program partnership with the valencia that has a pirate literacy program that is currently expanding in the tenderloin this is a report and opportunity for the commissioner or members of the public to comment but we'll be back with the business term for your consideration and a predevelopment loan. >> all right. thank you. next item, please. >> the next order of business commissioner questions or comments. >> do any of the commissioners have matters. >> i have one. and i have have not had a had an

to read in depth stephanie a conversation you and i had a topic that is controversial and perhaps you can give us an informational memo at the next meeting what's going on at the board of supervisors i understand the board continued the item some conversation perhaps you can give if property counselor bryan or is executive director to give a background on what happened at the board of supervisors and i can do that >> yes. so the transbay redevelopment project the transbay district either zone 1 or 2 all of that is suggesting to a special tax district to be formed actually by itself city and county we have special tax district in our jurisdictions but the transbay special tax

district to be formed and there were a series of formation steps the board took and the last step you're quite familiar was the deposition of special tax rates the district to be formed and that's the item that was continued open it's over the course of the last year city staff as well as your staff because each of our property owners from gop good neighbor policy i think you saw with the j paul developer on fremont each of those property owners in the district in the annex district are exterminated to pay a special tax for residential whether it's rental or for sale office or hotel there was a draft publication of what the special rates will be when the

city adapted a transbay implementation agreement a number of years ago this was a number of years ago now the district is ready to be formed there's a dispute among property owners particularly boston hines the developer of the tower hines is the landlord-tenant a residential project and p n g a partner on block 9 and bridge in our jurisdiction they own 51 street within the planning there was a dispute open the rates the rate were too high. >> alledgedly. >> certainly the tjpa disputed that and there was an agreement

reached on tuesday to extend the term of the special tax district that that would be imcompassed from 37 to thirty years to have a cap on the rates as published as currently published would be increased did developer and property owners don't pay the tax until they receive a certificate of occupancy and very base for the height increase for the city's approval of the transit district our basis was in exchange for the height increase that's a benefit confederacy on the private developer only in exchange for certain other criteria that's the payment into the tax

district court that would go for the downtown extension parks and the transbay district alone needs mull i multiple sources special taxes to create the public improvements and private developer and entities landfill in the case of transbay there was an agreement reached with the developers and there's a she means to agreement that the city is preparing with all the developers who are effected as part of the formation district. i think someone wants to keep looking at and seeing what impacts it might have on any of the developers obviously that we are coming before us. we had i think two dispensaries today and doesn't get the opportunity one item was

continued and one didn't get the opportunity to speak if the minutes reflect this is a continuing concern and watching with the board of supervisors are assuming they can communicate our interest and concerns to the developers 3 are in the transbay district. thank you. so i think at that that concludes well next item >> the next order of business closed session there's no closed session the next is item 11 adjournment. >> meetings adjourned. >> all right.