2016 c not to exceed 45,000,000 is included in 5 e with mission bay south refunding bonds. this is a straight forward parody bonds issues under 2016 b. series 2016 d may not exceed 90,000,000 is addressed in item 5 f. these bonds are issued subord noont other mission bay south bond. this moves payments to 20 staen 16 bond holdser are made only after payments are made to senior mission bay south bond. the bond are not offered in public sale but private praisment to find security exchange commission regulations. the perform on thf bonds are dependent on the

properties with construction completed or soon to be completed but not yet on the tax rolls. we can issue a parody bond based what is on the tax rom but there is a lag between incompletion of the project and getting oon the tax roll. this is taken to maximize the funding provided and development in future tax increment that can be taken advantage of now without waiting until the years get on the tax rolls. the debt uvs is lowing in early years to offset uncertainty regarding the timing of assessment of the completed projects [inaudible] sufficient tax increment available. final interest

rates on the bonds are grud in negotiation with the investor or investors. [inaudible] also included in the items before you. july 7 [inaudible] underwriter panel on the due date 10 days later 8 proposal were received and reviewed by a panel consisting on bob gamble of pfm, ocii financial advisor [inaudible] san francisco controllers office and myself. the panel evaluated on the following criteria, experience selling california tax allocation bonds post disaleutian, the number and size of rel vens and primary personnel. the depth and quality the discussion of the proposed bonds the underwriters

discount. the panel considered ocii local business and small business enterprise contracting goals. the panel made the following recommendations: series twen 16 a bond, global market incorporating is managing underwriter [inaudible] stenseen securities as comanagers. stenson is san francisco [inaudible] i would like taintroduce and welcome alex [inaudible] vice president for city group local market. this is his first transaction with us in my 10 years here. peter wong senior [inaudible] lanoodem, ceo of states and securities. i should point out

stenson is a san francisco [inaudible] series 2016 b and c bond [inaudible] is the managing underwriter subject to your approval and baxter [inaudible] will be the comanagers and [inaudible] will also be a comanager. blalock is a sb, lb and representing [inaudible] i would like to introduce [inaudible] and john kim. you met peter wong from bax trm and have [inaudible] lopez from [inaudible] the series 2016 d bonds city group

global market as a placement [inaudible] this is a substantially different role than an underwriter and it is compensated differently and requires different experience. city group priced it very aggressively and had a lot of experience so the panel felt they were the best choice. estimated timing of next steps to get all this done is november 9 consideration the over site board whos approval is required to proceed and [inaudible] approval of that the oversight board probably the same day distribute the document tooz department of fi nains so they begin their review the documents. around november 17 we would like to bring before you the consideration of a fiscal

consultant contract. that is a critical role in the disclosure documents. they prepare the tables that show the history the revenues thatd support the bond in fiscal consultant report. also, [inaudible] determine date we need the budget amendment before the board of supervise rbs for approval and december 15 we are back before the commission with [inaudible] approval and board of supervisors approval and to consider the final actions necessary to proceed with the bonds. at that time we [inaudible] finance authority to take certain actions related to the financing. the financing authority is ishureer

orphthe bond that will be refubding but the new bonds are issued by the agency. [iudible] all that happens as we hope we should be in the market perhaps in early jan to price the bonds and closing sometime later in jan. this concludes my presentation. >> thank you. see if there are questions from members the public before we turn to commissioner questions >> i have 2, mr. [inaudible] and mr. ace washington. >> good afternoon. my name is tom [inaudible] represent the mission bay alliance who as you know is concerned fwht impact the warriors arena project on sth environment in mission bay south. when i look through the

package i see that there the justification for not conducting sequa review thoof decision you are asked to make on the items is that this is not a action by you that changes the environment and that is not correct because you are aprubing the raising of money that is sfent to build infrastructure that changes the physical environment and this is a step in the process leading to that result. what you pneed to do is go back and have the staff determine how to comply with sequa. right now the staff memo says the-refunding bonds don't constitute a action that change the environment. it doesn't say about the new money bonds. all the proposed resolution and the same rational for

bonds, your budget prove authderizes expendsture and the resolution utherize the raising the pluny soy you take 2 actions that do lead to changes in the physical environment and your legal for not applying sequel doesn't pass muster, so my client would ask that you apply the law sequa and figure out if what you are doing is going to have impacts that need to be mitigated. this is a of great concern to my client because it mission bay south redevelopment plan is tied at the hip with the warriors project. the infrastructure serves the other development in mission bay south and warriors arena. you have a change since the 1998 eir from separate storm and waste water sewer system to combined leading to increase flow which the eir for

the warriors project says ecseeds the capacity of the mariposa pump station. you have changes and the frustructure you are paying for triggered by the development of the warriors arena. [inaudible] i have a letter i e-mailed this morning and want to giver the commission 6 copies for your review. >> mr. washington. >> you are not the one that has to be sorry around here. my name is ace on the case. i'm happy to be here again. i you

will see a different ace from this point out throughout my history. let me get to what we are talking about in mission bay. you are talking about the history. mission bay [inaudible] remember the beginning of mission bay accept for one or two commissioners when they put the mission bay conept togethers [inaudible] the creation [inaudible] everyone else getting money and doing their big project was there. i want all the developers all over the city, mission bay, treasure island, hunters point to let them know ace is on the case. my method in the madness is bring

[inaudible] here we are 61 years old, father, grand father, great grand father. everyone changed, politicians and the developer change and people go to jail. fbi investigation over 10 years. i put together [inaudible] people can see what happened in the last 10 years so we can figure what is going on now because i'm about the future. i want to know what is happening for the future. let's talk about pligz bay, my request all most demand and make sure to be a platefirm when you talk about mission bay there is something to recognize that my kids know when they grow up a african american had something to do with mission bay however it will look. i want to make sure

specifically [inaudible] that there is something to recognize jim jefferson. i will sit down and talk about other things later, we'll talk about the fillmore and every else. i may not have time because i have togo down and talk to the board of superizvisors but this is a new era and don't [inaudible] i am talking about ace and the new era replacing ace is case. community assistance service enterprise. right now i go down stair squz may not be back but when i come back i will talk about coming to the community again. board of supervisor london breed and all that. >> thank you mr. washington.

>> any other member thofz public who would like to make a statement? yf have no more speakers. >>o cay. do we have any questions by commissioners? >> commissioner singh. >> is this [inaudible] >> these are all tax exempt bonds >> [inaudible] >> today the interest rate is under 4.25 percent for the new bonds. >> also, [inaudible] >> yes, city bank is new. they may have done business prior to my tenure which is about 7 and

a half years but everyone else worked with us before. >> do we have idea how much total bond woe have [inaudible] so far? >> qu do. i have a number. >> i ask you this question last time too. >> he is ready this time. >> off the top of my head it is 876-sorry, it is just under 800 thousand now. 800 million. 797 ,000,000 is the balance after the payments were made in august this summer. >> when does it--the previous bonds when are they due? >> are you talking about the ones [inaudible] >> yes

>> i don't have their whole amerization schedule but the old est one is mission bay north bond issued in 2005 so that is probably 2024 or 25 because we generally do 30 years on infruc struture bonds so range from 2025, 26, 33 and then 2043 i believe because there is a 2011 deal as well. >> lots of bond more than 3 quarter billion dollars. >> yes. >> okay. i actually have a very nice handout was given and don't have time to read it this time but think the is very interesting. [inaudible]

>> do we have any additional questions? may i ask the sequa question since it is raised on the record? thank you. >> good afternoon. bree mu horta dep tedirector of finance administration. i would like to separate the issue of financing from sequa. the issue before you here today is how will we raise the capital necessary to finance the project. many of the dollars are expended by the developer. about 5 opercent the new money dollars go to refl burse the developmenter for structure in place. the opa [inaudible] to the developer which means all property tax above the base level of property tax in the

redevelopment area was created boy legal right belongs to the developer and the agency is past for that. the opa obligates the agency to issue debts at the request the developer. i just want to emphasize this is really a question about financing and it is not a question about actual projection of the infrastructure which is more relate d to the sequa question. >> thank you. any follow up questions? yes, i would like a motion if there are no follow up questions. >> moved by commissioner booustoes and second by commissioner [inaudible] can you please call the roll >> would you like me to call rep. joe all at wuns or

individually. >> why don't we take them one by one because they relatively distinth from each other. >> this is ajena item 5 c, announce your vote when i call your name, commissioner pumeanto, yes. commissioner mondejar is absent, commissioner sing h, yes. commissionering busto, yes. madam chair rosales, yes. 4 aye and one absent. for convenience if we can same call move by commissioner bustoes and second by commissioner pumeanto. can you call the roll on 5 d? >> announce your voted quhia call your name. commissioner

pumentso, yes. commissioner mand har is absent. commissioner sing, yes. commissioner bustoes, yes. madam chair rozaulest, yes. 4 aye and one absent. >> the same on 5 e >> 5 e, commissioner pumentso, yes. commissioner mand har is absent. commissioner sing, yes. commissioner busto, yes. madam chair rosales, yes. 4 aye and one absent. the last is 5 f. commissioner pen meanto, yes. commissioner mand har is absentment commissioner sing, yes. commissioner busto, yes. madam chair rosales, yes. 4 4 aye one abschbts >> each is approved. we are moving to 5 g and h and for the record and need to rekoos

myself from this item because my business company is a source of income to my business company which is 5 h, so i am going to turn the chair duties to commissioner booustoes and leave the room on advise of council. >> the next order of business item 5 g and 5 h relate today transbay implementation agreement to be heard together but acted separately. 5 g approval pursuant to transbay implementation agreement a second agreement with conger

maus geards landscape architecture to complete design for folsom streetscape improvement and [inaudible] incroosing not to exceed amount by 147, 808 dollars for a total maximum aggregate amount of 3, 752, 137 dollars. transbay redevelopment project-air ai action and discussion resolution number 66-2015. 5 h aapproval of memorandum with san francisco municipal transpiration for design service degree for the folsom streetscape improvement project in amount not to exceed 99, 750 dollars, transbay redevelopment prawnect area action and

discussion resolution number 67-2015. director >> thank you madam secretary. good afternoon commissioners and thank you to the memberoffs public for joininguts commissioner as you know, the build out of the transbay neighborhood has a mished income mixed use neighborhood is a core obligation. the gement of the nairnd service infrastructure provides fl neighborhood feel in the area which is currently the number of vacant former state owned cal trans parcels. we have partnered with various city deparmtz to efex wait the build out of the transbay obligations along folsom street and in coordination with private development partners and other city departments so this

contract is in cord nns with the effort to create the neighbor. i would like to ask ceben mu [inaudible] and joined by a representative from cmg as well. among others. >> thank you. good afternoon, my name is kevin masude seen yf civil engineer with ocii. these items for design contracts interrelate through the transbay folsom [inaudible] entered into a contract with [inaudible] in a amounts of 2, 479, 808 gls for the design service for transbay folsom street improvement

projects [inaudible] half of the contract is split between the 2 projects. these projects were identified need today transform the neighborhood. in 2013 the former agency executed a first amendment with cmg contract in the amont of 1, 124, 521 for 6 iletms. there were design service on isx street and new cycle track on folsom street and studies related to closure of clemen tinny street and analysis on the bus bridge lead toog the new transit sent squr the main 2 items were to design the pavilion structure and grant park to provide services for [inaudible] during the construction phase. that first

amendment brought the contract valued to 3, 604, 329. currently the folsom street improvement project is developed to 50 percent construction document level of completion. the limits for the folsom streement improvement projects start in the upper left corner is one of the limits and that is second a folsom. as you travel across the right side the page and to the bottom and to the lower right corner is it other end at spear street. it is 6 city blocks. there are development blocks. transbay block 1, 8 and 9 will construct the cub line and the developers will

install public improvement up to the line with this development agreements. here is a persective avoothat illustrates what we are trying to achieve at this transbay folsom street improvement project. you can see there is a rain garden, colored side walk inlaid with granite concrete sets, new trees and custom seating. the cm glrks saecd amendment is comprise #d of 3 elements, the first is designing of 3 transit boarding [inaudible] 99, 750 and all this amount is reimburseed by sfmta. the second item sucyst ocii providing information

relating to the transbay street folsom street improvement project for the respective block developers. we budged 41, 558 dollars and that money is reimburseed as the block developers put in request through ocii. the third item is research and [inaudible] along folsom stream to coordinate something unknown at the time. the contract was cons mated and to evaluate how these existing basements under the side walk get incorporated into the project. the cost for the second amendment is 147, 808 dollars and bring the contract value to 3, 752, 137 dollars. this next slide shows

one of the boarder elements at folsom and second. this is servicing west bound traffic transit along folsom street. the next slide shows the other two transit bording island. west bound island is befween beel and free mont fronting developing block 6 and enters east bound islands between freemont and first. that leads to mou with sfmta. sfmta is proposing aboarding islandss along folsom. this initiative is known as [inaudible] and service the future route 11 bus line along folsom street.

sfmta requests ocii >> student have cmg include the design into the folsom street project. [inaudible] and utility plans and relocations. approximately 33 thousand dollars is spent and sfmtasic knowledges the work performed and expenses and reimburse ocii subject to the mou. [inaudible] expenditures for transbay folsom street are included in [inaudible] staff will also include project expenditures for the next drop period 15/16 b. there are sufficient funds

available to continue with this second amendment. the actiffinties in the second amendment are found to be exempt from sequa section 15061 b 3 and 15262. this concludes the staff presentation. we have scott cutoffa principle with cmg architecture here and creg leaseen representing san francisco mew nistle transportation agency. >> i have one speaker card, mr. ace washington. >> mr. washington isn't in the room. anybody else who would like to speak on this item? hearing none public comment is closed. any of the commission ers any questions? i have a

question. you may know i [inaudible] parking. how many parking spots are removed along folsom? >> if i could i would like to have the representative from sfmta answer that. i believe it is around 10 percent but let me-- >> afternoon commissioners. greg nob nab mta praiject manager for folsom street project work wg ocii and public works. the question of how many parking space will remain along folsom street rf affthe project is still something we are working on. we have to work with the fire department. the original plan is sth majority of the parking remains othen street and hopefully that st. the case but the fire

department is concerned about the width of sth street available it them and the way it is designed it may notd be parking but curb side loading is i think the more appropriate treatment along the street given the high density. something the team will on with the fire department in the coming weeks to figure out the parking along folsom >> parking is a big issue for us. the city mta specifically has been sort of widdling down parking throughout the city. >> it isn't just us. >> you guyerize pushing it >> the design is to keep the parking so we are trying to. >> we hope you can keep the parking because people still dribe drive in the city and-yeah. any other questions?

>> [inaudible] for a lot oof san francisco residence a parlt of driving is a way of life. my question was can you tell me about your community engagement on the project and what feedback you heard from community members? >> we have been work wg ocii transbay community advisory counser and meet with them periodically and update on the design so once we figure or get more information flaum from the fire department we plan to go back with them. we had a meeting with public works they took over the design phase the project there was a meeting about 2 months ago where we talked about the updates. i understand parking is always a concern- >> especially for parents. i

am a parent and third generation from san francisco and driving is part of our lives. it is very difficult when you see parking spaces epreliminated. it also decreases the amount of money invested in the community because you can't park. >> i am a parent and drive as well. the overall supply of parking along folsom street resulting from the pauject including-there will be a net increase in the parking in the neighborhood even if on street parking goes down but hopefully thaet won't be the case. >> thank you. >> we have someone before us. can i have something call the question? commissioner sing moves, commissioner [inaudible]

>> announce you vote quhia call your name. commissioner penmento, yes. commissioner mand har is appsent, commissioner sing, yes. commissioner busto yes. madam chair rozaul rosales recused herself. i have 3 aye. one absent and one recuseal. >> that is g and h, right? >> do you want me to call them separate? >> no we can call them at the same time. >> they were noticed separately. >> i'll call h. this is for 5 h. commissioner pinmento, yes. commissioner mand har is absent. commissioner sing, yes. xhister boousto, yes. madam chair rosales recused

herself. 3 aye. one absent and one recuseal. >> thank you please call the next item >> next order of business is item 6, public common on non agenda items. madam chair >> do we have speaker cards? >> i do have one from mr. ace washington. >> quhoo who is not here >> those are all the speaker cards i have.

>> mr. [inaudible] were you there address the commission during public comment? okay. i know you better. where is that card. no. i know you enjoy visiting us but normally you like to say something >> thank you for reminding me. madam chair, commissioners, i am here to bring forward a situation where we have the big meeting concerning contractors with lunar and there there-[inaudible] concerning of the financing of community contractors under dda and they said we have come forth and

asked lunar to take money from the community builders program and transfer over to the-to create a lending program community contractors to participate in the development and not have to dependent on the [inaudible] it is not a good situation and we learned that over the past. we talked to you guys about that in the meetings we had and that is why we come forward and ask you to be able to transfer fundsing from that program over to create a lending program for community contractors. we had one that was very successful but wasn't enough money put in into be able for all contractors to participate and that is why i come forward and

make it a part of your next agenda item. we'll talk to lunar to try to make this possible. thank you so much. >> thank you. okay. please call the next item. >> next order oaf business is item 7, report of the chair. madam chair >> i do not have a report >> theordser of business is item 8 report of the executive director. madam director >> just that we have a up coming meeting november 3 and only have a few more meetings left for the year and expect we'll have a full calen deer and do believe madam secretary we have a proposed special meeting time november 3 of 10 a.m., is that correct? >> that is correct. 10 to 2.

>> that concludes my report. >> next order of business, item 9, commissioner question and matters. matter chair >> this is a opportunity for commissioner question or matters any commissioner would like to raise. >> move to adjourn. >> commissioner sing wants to bring up a [inaudible] i don't think we have any questions or matters so next-we are all most there. >> next order of business is closed session, there is no. next order of business ajournalment adjournment >> we are adjourned at 217 [inaudible]

(clapping.) >> all right. good morning, everyone how we are doing this morning >> good morning. >> all right. they say that the last mile is sometimes the most difficult mile but with today's announcements we're tagging a giant leap forward to making san francisco a zero waste a big applause i'm joshua proud to service ovrp on the commission

of the program and our assistant is in route we'll hearer about zero waste and the creation of zero waste community council and we're going to hear from 9 community as well the policymakers that led us to this point without further ado, that is my great honor to introduce a leader a visionary when it comes to zero waste someone that worked very, very hard to prompt recycling and come posting and conservatism and to do it in a community way that creates jobs ever since his days of department of public works so without further ado, please welcome mayor ed lee (clapping.) >> thank you, thank you for that introduction josh you should have been at the warriors game but anyway, i want to say

thank you to commissioner president josh and the entire san francisco department of the environment that is working with our e cotton participates and others but most importantly to chinatown and north beach. district 3, and over supervisor because the community has been working with obvious to really make sure that we pay attention to our city's climatic change and the challenges with our environment and chinatown has been one of the leading communities of which we are able to boost that we are now as a city at 80 percent diversity rate with our garbage but we're theory to say we want to get to 100 percent and we want to do it in a way in which we his own the foundational work your communities are participated in this not led and

so we've come to chinatown to really start a community-based process to get to the other 20 percent we think that going to 100 percent percent waste krooerlg is achieve work or able in our lifetime and if we concentrate to the blue and black benefits we know from what the department of the environment and ecology helped us attitude study we know the next 10 percent literally be people not placing things go the black benefit although it got land fortunately fill the data the intersections that work us with to concentrate people are

throwing away the next 10 percent babe resulting in better education and cultural education and existence that there is that are dense and as court reporter active as chinatown so we're here to announce that but also to announce that this consultant based approach working with supervisor christensen and working with our department of the environment we're create a community-based council, if you will, a community council where a number of members of the community and small businesses will give you direct input to the ideas the best ideas they have to continue our effort to reduce wastes and to make sure that if we have some good ideas how can we do that and implement those ideas in ways in which they will honor and support our small businesses and

reciprocates who live in congested neighborhood in a way they'll be proud and not take anything wautd away from the quality of life but every improve that i suggest that all of our quality of life in this deserve city if fwe recycle 100 percent of our wave this is working divisible with you are department of sdriement was the chinatown youth organizations as well as the senior organizations our family associations, our business communities we can lit 51ly have the opportunity next 10 percent and 90 percent of recycling in a short time with implementing those ideas with the leadership of communities based councils we're suggesting today, we want to recruit people that live here and involved in giving us their ideas and advise and want them to tell us what is

going into those bins not ought to be going in and how to prevent that from happening the restaurants and stores in chinatown have been great participates when it comes to the compost efforts thank you for doing that that's why we're in chinatown making this announcement our time and climate challenges that serious it should be serious to every city across the country was we felt the rain today but may feel the effects of the coming and we're prep residents for any diversity that may occur our climate challenges and climatic change goals are simply reflected in 3 numbers zero, 50 and one hundred and zero for the governmental zero waste and 50 represents the fact we want 50

pep percent of people's trips by public trams arrest alternative trespasses to their individual vehicles and 100 percent of our empower to be from renibble energy resources we are work with offense managers and our partners to getting to solar and wooden pour and take advantage of our clean power initiative we'll be now and then with the zero and 50 and one hundred we'll lead did nation in modeling the efforts in world-class cities like san francisco thank you for participating we'll walk a good portions today so he can do our 50 percent as well >> (clapping.) >> now i'd like to have an opportunity to introduce a very effective supervisor who has been working hard open hss goals

but on housing and supporting small businesses, helping to make sure that chinatown is clean working with partners lake the newcomers service center and other partners that is, of course, our district 3 supervisor julie christensen. >> we come out and into 9 neighborhood and do those statement to let people know that something important is happening we want to highlighter the commission and department of the environment the zero waste to bring people's attention to it is one of the important goals the city has i was at a conference the public works had this morning and they were talking about the fact that san francisco is a.d. administrative code in so many places cities call to find out how our leaders are able to accomplish and certainly our waste program and

krooerlg is a model for the country there is more we can do and this program and how we take that extra step you know in chinatown the space is at the premium we struggle to find places to live and businesses the stank is true where we send our trash and refuge we can't produce more and more waste and have to cut down on the millennium of trash we put into our environment this program is a way we can all do our part to try to help to reduce the amount of material in our landfill to make santa fe san francisco a leader the other reason he like this before i was a periphery i was a neighborhood advocate i was used to work with my neighbors to try to make things better in my he district and

city it incorporates the input from the business leaders and toiftsz in coming up with ways to work with the city and e dissolution colon to do a better job so i'll supportive of this project i was happy to partner with the mayor in providing the budget for this this year and graph that chinatown will an pilot program and hoping for everyone's cooperation so we show we know how to do it i want to introduce the owner the business we're floocht of today to tell us about many project from the prospective of the business owner ms. marissa (clapping.) hi i know that you know chinatown needs a lot of recycle i know healthy cleaner environment i'm happy to say we're doing our deft of best and part in this

program to g make a better environment in chinatown (clapping.) >> thank you and we know the mayor and supervisor christensen will agree that program the first of its kind we've seen will take a lot of partnerships thankfully a lot of the patterns are participates at the greenest ecology and partners with the few weeks the department of public works and mohammed nuru and the men and women of our department the department 6 environment including the program now and i do everyday to make that successful to mr. rodriquez and others from supervisor christensen office as mayor ed lee said we'll walk it through the businesses to talk

about greening chinatown in san francisco we have materials for the guests we question do we invite you all and in closing we want to is let's do this and let get to work and zero thank you, everyo

everyone. ladies and gentlemen, the meeting will come to order i'd like to welcome you to the regular meeting of land use commission i'm supervisor cowen and to my right is supervisor wiener the viha