tv [untitled] May 29, 2015 12:30pm-1:01pm PDT
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especially when it's paired with -- that people believe in >> the number of housing units has not significantly changed? >> no, it hasn't, we added to site d, we have subtracted to other sites, it's within the range we have been talking about. >> great. thank you. and we're ahead one zip. [laughter]. thank you next item. >> item 12 a, authorzation to issue a request for proposals, for three years with 2, 1-year options, to reknew for three surface parking lot at sea wall
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lot 321. -- pier 29-and-a-half, and interim parking in pier 33 >> good afternoon commissioners, jay edwards, senior property manager, to the real estate division, i'm joined with bob davis on my height with administration of analysis, we're here to request approval for the above mentioned item here. for the waterfront parking. so i would like to first of all thank you priority parking who has been our operator for the last four year not only the $2.8 million for the repourt but also the responsiveness and what they have done to make the operations as soothe as possible we're moving in new direction in terms of how we bring our lots out to public
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from the bid process, to request for proposal process which we outlined in the past informational meeting, what we have before you today is an updated report, that highlighted, what the changes made to it. and where they have been made so i thought i was just, for everybody's benefit restate the project objectives, those are as follows, improve the financial performance of the parking enhance parking experience expand the parking lot operators and explore opportunities to expand port's parking capacity, with those objectives, in mind we have devises a process that will allow us to go out to the community and hopefully meet the objective, under the minimum
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lease terms and conditions there are changes to those terms and conditions, they're made to make our operations more flexible, and ols preserve the port capital what that does in effect allow us to go to the parking lot operators in the addition of improvements, or operations we have. beyond the scope of what is proposed it's at the port's request, there's a vehicle for them to offset the costs financially those are two changes we made in addition for the commission's request we have added the avalue indication the submission requirements and evaluation requirements that bob will talk about for you today. thank you. >> president commissioners, the scoring reflects the earlier staff comments staffing
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commission asian comment concerns and suggested, what we have tried to do is incorporate some of the concerns and suggestions that were made at the last meeting. the nature of the opportunity is such that we wanted to expand the possibility for inclusion without losing the toe cuss of financial responsibility our lots operate differently than mta we do require capital investment from our operators. we expect certain things and we think the scoring will allow us to do two thing, create diversity through partnership and reward that to reward innovation and techology through automated systems and expansion
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possibilities as they present themselves, ie through lifts or something as simple as understanding how to do valet parking, it does reflect the objectives and goals, as stated we genuinely believe with the additional outreach we have planned, we will be able to meet our objectives sh and goals, and certainly available for questions. >> thank you. any public comment? >> so moved >> second >> oh thank you. public comment? seeing none public comment is closed. commissioner brandon >> thank you bob and jay. great presentation wonderful opportunity i hope we get a lot of interested parties, thank
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you. >> thank you, i'm glad to hear you said the variety of how you could park, one of the kwis i guess many of us are aware of the traffic congestion that is increasing all over the city but on embarcadero i know these are three year leases, what if we some day decide to eliminate the parking meters on embarcadero and replate it with parking with these lots that are up for consideration here, my point is to make sure we're not going to do that, but i want to make sure these agreements are worded in flexible ways in the event we decide to change traffic patternses and need more change through technology
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as you mentioned earlier or if we move meters inside, off the streets, this is all contemplated we're not going to find ourselves in a difficult situation with any operator as we try to innovate think more effectively for the city in the long run i know these agreements are not that long still, just to make sure the agreements are worded in a way gives them incentive to think about these new arrangements as well as us to have the flexibility to talk to them, during the terms of the lease before they come up so we don't have to wait three years, before we think about change parking and traffic >> yes commissioner, the agreements will reflect that. the whole issue of traffic and how we exit our lots and
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efficiency around or lots is important for merchant and parking operators, we will be looking for parking operators, that have some experience with traffic flow, that have worked with the city in different capacities as many of the operators of some of the lots currently do. if there are development that will be going on i think the agreement will reflect some level of flexibility along those lines as well. >> so one of the questions, i guess the agreements have been month to month since december of 2012, is there any reason it's taken us to 2015, to decide to put them out for are you -- renewal or rebid >> we're receiving percentage
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rent on the operations we have increased the base rent annually, to reflect market increase if you will, while we always endeavor to get these out quick leer we're still hopefully, receiving a fair return on our operations >> okay. i just was it a delay in the thought process? we're not doing final harm -- financial harm? >> no. i was back to the commission in october 2013, i believe at that point, we got really positive feedback from the commission itself we changed from a big process to a request for proposal process, we had the number of outreach to engage in it took longer than we
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anticipated to get the change and also the way we do it and get sufficient community outreacher we're here today hopefully, to move forward >> my comment just clarify, we have to consider going down that path, on embarcadero whether would be parking meters i think you did mention that in your earlier introductory comments i think that is important to consider what we could do on the road way and solve two problems at once increase the capacity of parking and figure out whether there is a solution to some of the traffic issues we currently see. >> absolutely, we will take that into consideration. thank you. >> commissioner adams? >> i want to thank jay and bob i want to thank dr. er moyer to
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bring bob on i know this has taken a while to come about, but this is well crafted, you heard the commission myself and mission ner brandon, even commissioner katz said we want equal plan for trying to make it more equal, community outreach, you guys have done this this say nice piece of work this say start. i want to say thank you. >> thank you both. i'm very excited, i know it's taking a little bit of time to get here part of that is trying to be creative and get it right, i want to thank for you eports on that, i'm pleased and excited on what we have before us. if i could take this
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opportunity. the amplify a little bit on the nature and the partnership -- the strength and structure of the partnership, as a significant part of the score i know that's where we're trying to be creative and do outreach but take the opportunity to amplify. the >> the reason the partnership is important, is to do two things allow for mentoring. expand the overall pool. port's parking situation is much more unique to the port mta operator fee we have a system that requires capital investment but what we think will happen is the larger companies will share responsibilities with the
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smaller companies mentor the small companies, and we want to reward that so the structure of the partnership, to make sure that it's real the risk, and regard is equal, based on investment that mentor ship and training is important any subcontractors subcontractors you bring on board, there is work that is going to be done that allows them to grow, so the partnership is growth within the pool and expanding opportunities to the port to many of the other other small separators that are currently out there, >> that is what we refer to as a leading question. thank you very much. >> i was done [laughter] >> i want wanted to put a fine point on that again that is what is particularly unique how
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we set up the proposal, or the rfp here is the encourage broader participation those responding this is your big clue here the nature and the strength of your partnership is significant and important. thank you very much. next item. >> a vote? >> i'm sorry. all in favor of resolution 15-20, please signify nigh by saying aye >> (multiple voices): aye. >> opposed abtensions? it carries. >> 12 b. informational presentation regarding the fiscal year 2015-16 monthly rental rate schedule month loo parking stall rates and special event filming and public art
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rates. >> good evening. president katz vice president adams, commissioners, i'm jeffrey bower the ports policing manager, i'm here i think for the 15th time this is information item too, to give you an update on the 2015-16 parking and zoning special event rates. it also asks for a fee waver for public art that can be installed up and down the waterfront the know the staff report mentions pier 14, the intent is up and down the waterfront. i also have a representative from kaiser marson marine -- reid kalihara that is next to
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me, or behind me. what are the parameter rates, the parameter rates are delegated authority, it allows us to function, it allows the real estate division to function it's the nuts and bolts if of i would say the port, the and the delegated authority, i won't read every one, less than five year, less than a million dollars, at least, the minimum parameter rates. here's an example of parameter rates, you can see at the bottom. they represent about -- this year they represent 17% of the total real estate revenues. so they represent a small portion of the revenues, but a large portion of the majority of the leases i would say the
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majority of the tenants which in my experience are typically small businesses we have a lot. overwhelming small businesses. in the past 12 months we have completed, 66 real estate transactions, 82% which are parameter rates, equal to 440,000, 582, in revenue, equal to 5.2 million in annual revenues so a lot of work, and nice money. this which this is our overall portfolios, the categories are are office we're in a class a, building, the port does not manage class a, we have class b,
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the majority of our offices are class c, this goes down to the industrial property fishing open land submerged land as well. rate setting methodology typically, we spend two months on this staff report reading commercially available data interviewing tenants talking to brokers talking to tenants, there say lot of time and effort put into the report to get it right, there is this tension of maximizing revenue, but also the idea we want to maintain our small businesses, so there's that tension also working with kaiser marred and associated we have had lively discussions on
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just briefly. demonstrates the difficulty of translating across the street or the commercially available data. we didn't have warehouse, we have a pier shed. despite, that we have a class a location with a class c property. we're able to have a low vacancy rate and command high rates for that for those properties. unpaved land, we have experienced a lot of action actually in the last year or so, unpaved land we're running out of them, paved land we're going up in that category, and the same with saved land we're going aggressive in the paved land category. i will be returning asking for your approval at the june 23rd
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meeting, and i and reid are available for any questions you may have. >> i guess setting the rate for a certain amount -- >> public comment? seeing none, public comment is closed. >> i guess in setting the rates of increases are we thinking of balance, historical, futuristic, or mostly historical in terms of future increase? >> that is say good question we can base it on historic data on current data. the nice thing, the flexibility and the value add that the parameters give us is the minimum -- we're within our rights to charge $3, 3:50, we
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can't blow 2.50, but we're with those parameters >> commissioner, this is the first time we have probably raising our class b rates at one time, one of the reasons we did that is because we see command increasing in the future particularly in the mission bay and central waterfront areas, where we have class b and c space in setting our rates, at least in proposing to set rates, reaches higher on those levels than current market statistics, suggest in anticipation of where the market's going to go in the next year, and the market feedback, we have not seen that go to the depths of our port foal yea, near the southern
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waterfront near pier 80 so we were more conservative in those properties. >> commissioner brandon? any questions? >> no. think you mentioned there was a dip in parking >> right. actual leer the dip in parking port employees cancelling their parking stalls, they have gone to public transportation, and traffic we all know is terrible, that is that dip, and we transferred a number of parking stalls labor intensive in fisherman's wharf to operating parking >> thank you. >> commissioner adams? thank you. >> you are welcome >> question.
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south of market class b's are typically full service, ours at pier 26 are net. so if we're getting $3 and the tenant is paying up to a buck 50, so they're actually paying 450 or $5 a square foot, you are just not seeing that >> okay that was the piece i didn't -- okay thank you >> we like to rent our property net. perfect. thank you. then you will come back to us next month, >> i will come back to you >> thank you very much. next >> i team 13, new business. >> in the executive directors report i neglected to mention, at the but niz belling to have
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it as the cruise ship terminal in the intervening, time we have leased the terminal out on the june 23rd date that will not be able var finite meeting, we will keep looking for a time to do that the june 23rd meeting will be here in the ferry building other than that do you have any new business you would like to add >> i believe based on the financial forecast, you will hit another revenue milestone in another month, that should be the topic >> all right. more than happy >> 100 >> thank you for calling that out. [laughter] >> commissioners, anything else? seeing none >> i move to adjourn. all in favor? >> (multiple voices): aye. >> meeting is adjourned.
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>> we'll call the meeting the historic preservation commission welcome and welcome to the historic preservation commission regular meeting for may 20th 2015 disruptions of any kind. proceedings. and when speaking before the commission, if you care to, do state your name for the record. like i environmental impact report at this time mr. byrd commi
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