approximately $34 million will pay off city debt related to the construction of jessie gasping as you recall is developer will have a mexican museum a $5 million endowment 48 percent affordable housing and an ocii share is $55 million and open space contributes staff worked will include the escrow document and is grant agreement that has a balance of approximately $7.8 million that is held for tenant improvements all staff and costs will be reinforced by is project manager next is the paramount apartment as you recall last fall the bouft by is

thinking outside the box has part that of ocii will receive 4 annual payment of approximately $450,000 u thousand dollars we received is first last january that will be transferred to oc d finally a number of there are a number of developer all the times including that the western hotel and is st. religious any staff time enclosing those agreements will be paid by is cost allowances

i apologize it looks like the power point that got loaded is not the most current version so the packet any defer from i don't know if this is what is going on i'll speaking off one that is not going to match one here so next up is is yerba buena gardens i'm sure you're aware of the garden a ociis largest asset spanning 2 and a half city blocks that includes cultural facilities and performance and recreational areas this asset will be transferred to the city ocii sports is garden capital expenditures using fund from generating projects

w b g project is $12.2 million as you can see $8.2 million comes from the marriott and city and restaurant and other places and is developer from the st. regular us is balance will come from capital revenues. >> is $8.2 million will fund the costs broken on the slide 2 hundred ocii 3 hundred 7 force precipitate management expenses and $4 million for grant to cultural operators like 75 thousand to the yerba buena arts and event 3 about the 3 to the yerba buena for the artists and other million dollars to is arts center we showing one hundred

and 10 for legal and risk management services balance of $4 million to fund capital improvements to the garden those include open space improvements equipment replacement both the bowling and ice center for the art and security and fencing at children activity museum and is b and b restaurant so next up is the western edition i'm sure you're aware of the project area inspired at the end of 2010 and now, one of asset management the largest property that ocii owned is the fillmore heritage center that hesitate ground level space

commercial parcels for the fillmore are ftc and houses housing spaces and second restaurant on fillmore i'm sure you're aware of the edition which last year, it closed its doors for a number of reasons including the coloring non-payment of property tax and is maintenance charges ftc is that in default with its lease agreement with ocii and hud section as well as the $7.5 million in the loan ocii and is mayor's office of housing and county development have been trying to resolve those in the meantime ocii has been paying the cam charges up to $15,000 a month the budget

therefore includes one hundred and $80,000 to be paid from property tax increments is fillmore center garage has suffered from the garage it is run by pacific management agriculture with ocii under is agreement the operator is reinforced for operating costs that run about $35,000 a month or $415,000 a year is garage has covered all the expenses but over the past few months the revenues have fallen even off to cover is garage diversities as well as capital revenues i'm sure you're aware of in the western edition ocii has a existing loan agreement over the years each of the bars has a difficulty making payments

consistent with the terms of the loan agreement i know that ocii is working with the bars to restructure the loops finally ocii still has two activity agreement in the western edition mainly is remain 59 franklin street currently under construction and isgymnasium it was by is administrative cost allowance as needed on the other project areas next up is rooiven beseech that inspires in 2081 because it is larger completed most of is activity a seat i'm sure you're aware of ocii and is port

negotiated a memorandum of understanding that will terminate all leases and transfer is improvements to the port mou was approved on march third and the oversight board and submitted to nova the mou is upon approval by the states legislation and it will be germinated fy at relationship. >> ocii has one active owner participation agreement left in the area which is for the development of 74 condominium unit over a warehouse space on townsend street it is underway and completion it expected this year any staff costs with is implementation of that agreement are reinforced by is pvrlg will and finally they manage district one that pays for additional

landscaping on some of the open spaces staff work that includes managing the maintenance and managing the funds is covered by is assessment and that is boyish industrializing triangle that is an active project that spiders in 2030 we receive requests for land use and once is project we're currently working on a mixed use project at 4101 third street that will likely be wrought before the commission is costs related are reinforced by public defender's. >> next is the south of market project area this project area expires in 2012 c us i has

several loan agreement that were executed under the program those loan agreements are still needing staff time this work is paid for ocii mosaic active cost allowance next the shore view park and is hunters point area this fiscal year staff will extend $17 million ordinary person is shore park more is management contract and implementing the strategy once approved the staff time and property management a paid for in addition their carrying forward and budgeting a further 3 hundred and 8 thousand for capital and deferred maintenance and shore park the source of funds is community block grant program income generated from

parcels at the ocii owns on williams this is occupied by food co-ocii anticipates transferring this pursuant to the t m t and may transfer other sources at the same time and including the legal fees the d cf will be approving and they'll be through property tax increment that concludes my portion of the project we'll be back to finish it off. >> thank you ceo's 8110 wrapping with the next steps on may 5th accident full budget will be coming before you for adoption and submission to is mayor's office at the board of supervisors and as we mentioned another

chance to review our work plantar the second half of the year which is due for submission on october 1st so workshops in september with that i'm available to answer any questions. >> is commission has questions but we have card. >> i have (calling names). >> i'm trying not to be emotionalal i'm appalled even though i come up here and give you the credit one we know know we ask for may filthy building the time is now you got up here and talked about is problems in is western edition you are on is surface you care but how don't give a damn all the money that is going on in the western edition the records show you in

go back in history since you start to be ocii truly i've been coming to tell you the problems now this refuge developer michael johnson if you continue to let him going come into the community you're just as visual as he is what i'm saying this is a block away from the edition some of his re-election office i'm talking about today i'm appalled you all know what the hell is going on well damn it for the record i had an open-door policy are ms. regularly e reynolds christen i told you yesterday i was coming whatever money you've got in the

western edition we want to know give me the money i'm the ambassador of the fillmore the feeling no more no jack frost in the field every black business i had closed down so, now you're going to tell me you've got money in the western edition just not talk what the refuge developers do because the route on that building the of him heritage where ref co-messed up they don't want to hire nobody out there i had to close them down then you came and changed the locks on is doors it's illegal i found out you guys are responsible you savant changed those damn lock i want to get my

stuff i'm going to file an illegal claim we've been in there seven months ms. reynolds came out there and you're going to use insurance you feel obligated you better get our lawyers in there slow down ace i'll respectfully requesting number one we 3 things that you set up a meeting with michael johnson we need to know what the hell it is doing immediately immediately and then i'll be saying the next thing we i want to have someone and let me know i'll open the door and get my stuff if you don't do that we're going to file a lawsuit and is last request is community center it that you call an area a common area we - i'm going to have open

mike's every monday until you coupling come out there from 6 to 8 talk about the problems in of him you tried to lock the doors i had is only negatively grow in town i'm paying for my salary they can't afford it that that is your garage is cars is ours everything in the garage is outrage are ours. >> mr. washington. >> i'm hoping to get some respectfully i'm hoping from the of executive director we don't knows who is doing what michael johnson you guys are responsible. >> you still got money for your budget.

>> you know ever since this office was created and we would get the law statement i followed is process and i believe there's somebody here from the state i don't know what department she works for but if she works for the department is finance this is state - we would send them a reminder we tenant what meeting what we found missing in the robs report and also inform them of the announces time is meetings were cancelled because you didn't do due diligence now simply put in 3 minutes i can't go deeply into that if you

give me 3 hours i could go deeply into it and give us is right type of information about the field but in the first spot of the presentation of the administration is best thing all those employees used to work for you all you got our benefits and used commissioner cohen you went to the board of supervisors all of them got their benefits for most of them for doing a lousy job okay other woman came and talked about the real estate and all part of it it illegal because the community should have is same information you have it it's is brown act there's an attorney over there never said a word the same information you get we should get it to be on is

sage we're on the same planet not one person on is planet earth and the other on whatever that's what is happening and finally you know, i came and requested you that the grace tabernacle church, i told the bishop and met the director active i didn't bohe and requested her come on water has really destroyed the foundation and some minimum repairs can be done to this day no erroneous erroneous /* response shame on you. >> excuse me, sir.

>> review the model. >> oh remove it i don't know. i wasn't quite sure what was request was sorry. >> okay. so we can take a pause dr. espanola jackson again you know it hurts me to my heart just you talk about we were edition then you talked about bayview hunters point, western edition came first then my community hunters point but in this report here at d i see where you have here hunters point and bayview and industrial

triangle discussion that have never never been a bayview industrial triangle i want that removed i'm tired of people adding things without coming to the community hold hearings and putting in statement and you believe it then that means i'm in trouble my house is in trouble i listen to all the reports and they have never been now the hunters point shipyard all of that fine and good but they have never been in bayview my community is bayview hunters point that was first hunters point i can give you history but you all don't want to know the history of hunters point that was brought on is east side of third street that's

where all the blacks will they built temporary housing for us bayview came later too the immigration law awe was and what occurred when our community moved out the people that sold is hours they came and move a black in and it left we became 7 percent of the homeowners in bayview in the 60s you could buy a house for 9 thousand or 14 thousand i didn't buy one until 1968 at $26,000 no homes in san francisco 7-eleven's over $36,000 those were where the rich folks with respect now my

house is worth a million dollars and most of the homes they sell them in the latinos addresses they couldn't read english they took the proposals uaw from them they have the latinos what happened then to them at least i can read but take out industrial triangle please and i'm glad that this came up about the hearing you all going to have bug the olsen lee is mayor's office of housing those folks when they coming back come co-pay. to the city came to bayview all of those funds their needs to be an investigation of what is going on their needs to be a recall it is sad how this city has turned into it didn't

has nothing to do with to do with you i know one thing you can't do morning what you're told to do you sanity say anything it saddened me i want you to write down this quickly wwws a n f r a n m a g. come and look at september is 6 september 2006 now that magazine came out 2006 in september i'm in it and a lot of other people guess what when you read that is your question

you're seeing the same thing going on today please because our staff can't go out they've been watched and found who you talk to its a shame what you do to the staff i know you can't do nothing about it they can't go on is computer outside this is a crime and all the city departments not just here they don't want you to know they gave us 3 minutes to talk they don't want you to learn or know anything thank you. >> okay any other speaker cards. >> there are no speaker cards. >> okay. just as a poisoning and i i may need to take a break and give the gavel to

commissioner mondejar that's what i need to do momentary do we have any questions. >> certainly. >> absolutely. >> i have a couple of questions not - first one on page 23. >> uh-huh. >> an investigation. >> 523. >> yes. >> on 9 had and $64,000 source of funds and you have that page with you? >> yes. i do. >> i see the money $450000

that is is property 80 thousand and totally 9 hundred and 65 thousand. >> that's is most endangering thing to point out that there be corrected before the final budget i'm sorry, i don't have the line item to know exactly what is correct and that - but my guess there maybe well, i better not guess. >> okay. we have an avenue for 4 hundred and 50 thousand and expenses is 4 hundred and especially 15 thousands and garage is another $600,000 and why we have why lease somebody why not make some money it is almost a million dollars.

>> why is it you know. >> the expenses is 4 hundred and 50 are expenses by is revenue and is potential for more expenses. >> yeah. but the people that use that should pay for that you know - >> this is given what happened then in is neighboring center with the bankruptcy and is closure is night life club this garage has been operating at a loss we're not going to close that is one approach but that's not one considered given the impact on trying to revitalize it area but i know there is an effort to try to work on this entire area to get. >> better okay for the future

it is had reserve nooiblg a elevator problem we have is asset to keep in good condition monopoly wants to keep it a long time this is not a sustainable operations to maintain this parenthesis. >> how many total ground spaces. >> christen. >> our records are one hundred and 12. >> ace is telling me one hundred and 66. >> we just lost 50 percent. >> how many spaces for parking. >> as far as i know one hundred and 12. >> one hundred and 5. >> one hundred and 12. >> someone will be more happy we're getting half a million

dollars we'll open it. >> yeah. as is gentleman said right now we are is agreement we have to operate the garage ocii will cover the deficit so some point in time our options to continue to do that or if we want to explore closings the garage that's at&t's an option but ultimate to get that project stabilized and ultimately has part of the p and p to sell that garbage this is a short term based on what is happening with the fillmore heritage that is hopefully, a short time problem. >> i've never seen in san francisco losing money on a garage. >> are- as and commissioner we