evaluation performed by the group and the land use category and residential, and looking at those for sale and rental and the office and hotel, retail, and the initial maximum special rates for each property, based on a fiscal year of 13, 14, base rates and the base rate increases by an annual infrastructure cost inflation estimate each year and which is consistent with the impact fees and there is a gap and a floor of a 4 percent change. and after project receives its certificate of occupancy and then there will be a maximum rate of 2 percent each year. there are exemptions and the affordable housing is exempt and child care space for instance. >> and so here is a map showing the cfd boundary along with the transbay redevelopment boundary, if you can see the outline in red is the cfd boundary and then, you can see

sort of the gray lines within that of the transbay plan, and zone one, which are the public parcels under ocii jurisdiction and it is indicated there, and sort of at the bottom of the plan area and then in zone two, are private parcels under the jurisdiction of the planning department and so within that boundary were rezoned through the center and district plan and they got significant height increases on several parcel and previously they topped out at 550 feet and now, multiple development parcel cans go up to 700 feet or above. and they also removed, the density limits which has allowed more development on parcel and as part of the adoption of the plan and the up zoning, the code was amended to require new impact fees and participation in this melarue district by the new development. and here is a closer out, more detailed view and you can see

that the initial parcels, are shaded in there that are, the initial ones, and then, the, and they would vote on the cfd and that includes all of the publicly owned parcels and then all of the parcels that have already entitled projects, and have joining the cfd as part of the entitlement requirements and the future an nexation is the same as the boundary and as property jects get in this boundary they will be required to annex into the existing cfd, but the future parcels don't vote yet on the formation of the cfd. >> so, and now i will talk about the plan for both the revenue and the expenditures within the cfd and it will primarily pay for that downtown rail extension that i mentioned, but from the fourth and king, to the new transit center and along with a lot of street and open space improvements, and this is going to supplement the tax fees and

revenue and there is a list of eligible capitol projects in the cfd legislation and specifically those items are funding the train box, that dtx extension and the roof top park on the transit center and a lot of public realm improvements to serve the pedestrians coming and the new development and the intention, really is that we do anticipate that there will be a large number of pedestrians coming to this transit terminal and this new development and moving between there and market street and so it is paying for a lot of those public improvements in that area, and the planning department and the department of public works are working on a detailed street scape plan including the detailed cost estimates of what that will take. >> and before the issuance, and that will be issued after the district is formed, and after the first certificate of occupancy is issued. and each bond issuance will then be secured by that special

tax payment with a cap of up to 1.4 billion dollars. there is in terms of government and administration, of the cfd, that will be governed by what is called a joint facility agreement, and the board of supervisors then is also, responsible for forming the district. and once that district is formed, the board must approve bond authorizations as well as a capitol plan and a budget through its usual board processes. >> the capital planning committee will approve a plan and making recommendations about the plan in the budget and the city's director of public finance will be responsible for projecting those bond renew and recommending issuances and recommending tax commitmentments for the specific project and based on those revenues there will be a committee that will meet to develop a five year capitol plan, spending that and consistent with that agreement.

and this would then be recommended to that capitol planning committee for the approval and you can see that there are several steps and reviews to be sure that they are in step are the revenues. >> so, as i mentioned the final steps are to hold the election for the formation of the cfd and the board of supervisors will take the final legislative action in december. and so, with your approval today, and then the executive director will be authorized to execute a ballot since we own the block one which is within the district. >> and so that concludes my presentation and i am happy to answer any questions about this matter. >> thank you. >> do you have any speaker cards. >>vy no speaker cards. >> okay. no conversation, and discussion? comments by commissioners? >> i just want to know about this. 1.4 billion, bonds. can you explain that?

>> one second. so the, and the 1.4 billion is the maximum amount of debt that be issued and the question of what it will be spent o >> right, and so that was that list of item primarily and the train box for the trains coming in to the terminal and a lot of street scape and there is a capitol list that is included in the legislation and then as the district goes forward, the city's capitol planning committee will be reviewing things to determine, what this specific uses will be for each bond issuance. >> and do you know if a vendor

is going to or what wither going to issue these bonds? >> well the city will issue them and so it is not an ocii controlled cfd, it is a city and, we will be taking action because we own a parcel of land within the district. and so, once the first project gets the cfo i think that was the point at which, they can issue the debt. and i am not sure if i know exactly, unless the director has a sense on when the first bond issuance and i can find that out. >> and i believe that the first project will get a cfo about a year, or a year and a half from now. so, after that, building gets its certificate of occupancy, and then, you know, all of the other steps will have to happen and the city will start to issue the debt. >> okay. >> do we have any other questions? >> no i would like to move the item. >> before we move that i just have a question and just because it is interesting to me and you have explained how ccii

would cast our vote and with respect to the other property owners in the district, if it is a private company let's say jay paul or anyone else, how is it that they do, and do you know? do they go through the board of directors? >> i think that it probably would depend on how each development and entity is controlled, and so they will have their internal, you know, review process and how they cast the ballot and that i think it depends on the type of that company, with the property owner. >> okay. >> thank you. >> and i have no other questions. >> the motions are made by commissioner bustos and we have a second. >> second by commissioner singh. >> call the roll. >> announce your vote. >> commissioner mondejar, absent. >> singh. >> yes. >> bustos. >> yes. >> madam chair, rosales. >> yes. >> three ayes and one

>> we broke ground in december of last year. we broke ground the day after sandy hook connecticut and had a moment of silence here. it's really great to see the silence that we experienced then and we've experienced over the years in this playground is now filled with these voices. >> 321, okay. [ applause ] >> the park was kind of bleak. it was scary and over grown. we started to help maclaren park when we found there wasn't any money in the bond for this park maclaren. we spent time for funding. it was expensive to raise money for

this and there were a lot of delays. a lot of it was just the mural, the sprinklers and we didn't have any grass. it was that bad. we worked on sprinkler heads and grass and we fixed everything. we worked hard collecting everything. we had about 400 group members. every a little bit helped and now the park is busy all week. there is people with kids using the park and using strollers and now it's safer by utilizing it. >> maclaren park being the largest second park one of the best kept secrets. what's exciting about this activation in particular is that it's the first of many. it's also representation of our city coming together but not only on the bureaucratic side of things. but also our

neighbors, neighbors helped this happen. we are thrilled that today we are seeing the fruition of all that work in this city's open space. >> when we got involved with this park there was a broken swing set and half of -- for me, one thing i really like to point out to other groups is that when you are competing for funding in a hole on the ground, you need to articulate what you need for your park. i always point as this sight as a model for other communities. >> i hope we continue to work on the other empty pits that are here. there are still a lot of areas that need help at maclaren park. we hope grants and money will be available to continue to improve this park

to make it shine. it's a really hidden jewel. a lot of people don't know it's here. thank you, very much >> all right. good afternoon, everyone are we still gm everyone good morning good morning, everyone. and welcome to dream force we're excited to have you here b how about those san francisco giants, huh? all right. this is an amazing october in san francisco we also thank god's there this glories day and sunshine and we couldn't

westbound for grateful i'll tell you 3 forces turned into a conference we had more than 35 thousand people to register to attend this is incredible bus that's just in person over 3 million more join us online as well i'll tell you the neat thing about dream force is not just the size with the incredible new sales force wave the cloud and all kinds of products and new companies are here an incredible innovation keynote tomorrow and an incredible launch with companies and neil young is going to launch his new copy on thursday all the innovations and a huge mulch of fun and thank you, mayor ed lee for the brooklyn us

center tomorrow night thank you all for giving back one of the things every year dream force gives back more than ever before this year's not expectation we're able to give back with the incredible food drive with one million meals and thank you 101 rob rinses one million more meals that's toelts great we have an amazing program tomorrow inviting night we've raised over $2 million for our children's hospital in san francisco that's raised over $23 million for the children's hospitals and we say also have an awesome fireman on thursday for your vets helping our getting vets getting jobs so thank you all with that, i'd like to turn it over to nancy

thank you so much for coming to dream force and all our support. >> thank you very much and thank you very much mark excuse me. all of our leadership dream force a doubt a over a decade the first dream force 13 hundred people this year will be one hundred times that partners it goes to show you how big the dream is so i want to thank mark and salesforce an, an elected official i thank you for honoring our democracy where people what our doing with sales force and dream force to strengthen and enable customers that are people in our country it have a strong voice and connection they asked me to it

to talk about what i saw this morning city 311 essential command were citizens are people could call in and be connected and register a concern i saw what we were doing with va stack how we honor our veterans by giving them a stronger voice through technology and saw what we were doing to enable people to assess the affordable health care and bha what that means for children's families and central nervous system in our country so who president clinton were the president he called the people the customers it strengthens the customers voices so we thank you for honoring that part of our democracy. >> thank you for honoring the service of our veterans the aspirations of our children with lynn and your providing for

children's health in our area and children angelian technology to industrial their voice but on this columbus do i day i want to lighten ben hoff to a great navigator helped people navigate public and private and nonprofit sectors for the great good for the great good and taught but first and foremost to embrace the crowd in this cloud our dreams come true thank you, mark for all the children and for the veterans and the country and the universe now, it's my privilege to present someone who has already been introduced we're happy to be here with mark and tony robin we'll yield the floor

to our distinguished mayor of san francisco he's operational and accepted to change for the positive that making progress as not only did he close the streets for the concert that is important he opens the city to every kind of possibility and that's what makes san francisco so great and he's probably considers himself we all contend to be the number one san francisco giants fan in san francisco mayor ed lee. >> all right. thank you (clapping). >> nan and mark nancy thank you for your leadership you are our speaker and our conscious your representative go girl we need you in washing thank you very much ladies and gentlemen, it's october welcome to san francisco it is dream force time you don't know

how gifted i get to october this used to be howard street is now every october it's 0 innovation park and mark and i keep talking about innovations right here spiritually i want to say thank you to march and listening for being great san franciscans salesforce habitation been there with me when it comes to education and housing housing with our vets this dream force is innovation and fin but more importantly something dear to me something that leader pelosi and i talk talk about i want to admit i also had the hesitancy of being mayor of san francisco and i wish for the day where i could talk to you-all all those companies coming in and say can

we all work together to make that t this city successful well, you have the standard and sass.com in san francisco people pits that's 99 thing they focus on when they model the 311 model using people and technology and resources to reach out that really warms my heart when they to him come to the schools we can list the schools you up with innovation when the employees of salesforce say yes, we can give another million meals joining tony this is the essence of what i feel great companies companies that are started here in san francisco grew up here and will be here forever bay by the way,

if you're wondering across the country there's a reason why the initial sass sf annoyances with san francisco it's our heart this what we do that's why i say thank you, mark and listener being a great festivity thank you to salesforce it's foundation that's working closely with us to transform and improve our schools and is employees all our subcontractors a everyone here at salesforce this is great for the region and world with that, i know that before we end we're going to listen to mr. robin's i know him to be someone that is a motivational speaker a migration forgive all of us but has a commitment to fight hunger i hope you, you brought a can like

leader pelosi and march and i did we'll meet the match and have tony robin's to explain but please help me welcome someone that is expiring us but he's been said to be an international humanitarian tony robin's. >> thank you, everyone fewer participation and mark creating an visit and every year i've known march for 25 years this whole journey with the force it's grown because it is added value we know that businesses help to make things but i want to thank everyone for participating i want to make a million happen for me, i know

that in this country one out of 4 families her in marin county is not sure there i go to have a meal so when you live in san francisco when you're in the tech business at the time easy to think about the challenges and forget what they are half the planets lives on $2.50 a day we had times when there were no food one day whither i i was 11 years old i didn't have food we would h have starved or someone knocked on the door i've been paying it forward and feed $42 million people but there are i i know that congress you didn't participate ms. pelosi but food stamps that's the

equivalent of every family going without a meal for 12 bucks so this year i was coming out with a new book i will do not my profits i'm hoping you'll match me and the goal to feed one hundred million people i hope you'll match it i deliver the million and i hope thanksgiving is not only about giving food but go physically you'll be hooked for life and the kids will be hooked for life thank you for letting me be here. >> thank you tony for inspiring. >> and mayor and nancy you're our incredible dedication to our

country and city and our public service. >> thank you for all of you coming to dream force go dream force. go giants

>> the meeting will commence. good morning, and welcome to the aging and adult service commission, could we have the roll call? president james? >> present. >>