for another 65 years of affordable housing with an option to extend for 34 years for a total of 99 years the project contracts unsought seniors 50 percent of the average medium income technical changes that is the relocation and cash out 80 precedes to other i - financing options and a pay back to the city of $3.2 million of ground lease and the rehab of the one and plus units are zero city subsidies the financing structures is by carryback finance and 4 percent cash benefits a number of improvements that will be included included water and updates to the city and the

ground floor space for better services and the update of the standards colleagues i'll ask for you're support this is a building that is an important part of portfolio and one of the fee lunch programs a huge process to the seniors that live in the neighborhood christie chair cowen. >> no presentation staff presentation. >> there is a staff member here that may have additional comments. >> good afternoon supervisors from the mayor's office of economic workforce development as supervisor kim the resolution before you to authors the ground lease for 7704 o feral streets foyer a 64 year extension for a number of 99 years insuring the affordable housing is permitted

and reorder did you payments that facilitate as the supervisor mentioned the cash back financing with the tower and the affiliate to finance the construction of one hundred plus senior units plus one manager unit at the tenderloin without a need for the city subsidies built in 1986 was acquired been an organization that is the transfer the tndc with the original construction the glass fiber reinforced patterson with the failure of those panels with the intrusion issues this resolves the issues for cash portfolio needs as explained by supervisor kim for tndc

buildings that don't have other financing that updates the updated h back and another upgrades and building green retrofits for the o farrell to come and facilitates approximately $3.2 million in payments owed and provide cash out preys to tndc the rehabilitation is for the 4 percent tax credits and financing tndc will utilities the 2/3rd's for the mohcd will be held for portfolio projects for which tndc requests the funds be used the portfolios projects will receive loan documents which

will specific the new extended declarations of restrictions insuring long term affordability the team expects the construction will begin as quickly as possible to be end of 2016 i think the supervisor may be able to answer the questions. >> let's go ahead and ask public comment anyone that wants to speak please step forward. >> hi my name is charlotte i'm a student at san francisco state university i want to say i'm in favor of the extended lease and is rehabilitation of the building it is important to make sure that all buildings especially bolder buildings are update and

this building will help prevent other equal friendly buildings and instead of developing more lands that is important for the native and other species in san francisco just be bringing this old building upgrade and with the current people living in the building and people leaking o looking for buildings so i'm in favor i believe that is very important for the environment to have the building up to code thank you. >> thank you from the public that wishes to speak. >> okay seeing none, public comment is closed. >> supervisor kim would you like a motion. >> i'd like to with a positive recommendation to the full board. >> thank you very much that

passes without objection. >> thank you you madam clerk item 2. >> amending the zoning map to establish the chinatown to make the appropriate findings. >> supervisor breed is the author and joined us today supervisor president london breed any remarks you want to make. >> yes. thank you chmg i'm proud to be here on behalf of the chinatown creating a new chinatown neighborhood commercial sdrishl district or mcd before we do we should go back to the japan economic strategy or j h s the product of years it is an extension policy domentsd created and supported by the community working krovb with my office and the planning department they

envision a culturally rich and economically rich environment servicing as the japanese-american communities for generations to come it is reimbursed in 2013 and my legislation will pass the board of supervisors one of the 19 remedies of this to create a japantown mcd to ask the community to trailer it's district so this process began and now we're seeing it through since the j h s passed the japantown community has worked together with the planning department and my office we have a fully vetdz mcd that runs along polk street from fillmore

and buchanan from post to halfway between sutter and bush extra the this is the heart of japantown corridor most of area is currently zoned mc-2 and mc-3 the commercial district those are jerking zoning district e zoning we wanted to create something to specific to japantown the characteristics of the neighborhood and the desires of the community the mcd will include parking maximums instead of minimums and a band on new curve cuts and require the ground floor retail and allow a a 5 foot height bonus and increased residential density we working closely with the community to address some specific needs simple setting a

limited on low frequency noise in restaurants and bars and in addition to planning, zoning & economic committee and retro the times per our controls on retail formula i'm proud to recognize japantown at some point a jewel in our city was my soak home growing up across geary boulevard in the western edition this will continue the legacy of the plan and insure that japantown japantown to not only protected but position to thrive for generations to come the mcd is the japantown community and was unanimously supported by the difference board of japantown task force i want to thank everyone that made this possible including the members of the japantown task force and i mispronounce the name the planning department. helped to guide the j h s and paul wormer

for his expertise and the fearless leader of japantown bob thank you for your years to support japantown and at this time a steve if you have anything to say feel free to come forward at this time. >> thank you supervisor president london breed. >> steve planning department staff excited to see that a great outcome for j h s we appreciate your support. >> with that, ma'am, i hope you support it. >> let's go ahead and go to public comment. >> please come forward and speak. >> hi a student at san francisco state university also i would like to encourage that in the new development there is more local businesses rather

than big businesses having local businesses with owners that capture the culture of japan and san francisco is a good sense of communities and local businesses are more likely to spend locally and stimulates the knew they have anymore freedom to run vooim i environmentally by using less transportation to obtain their products thanks. >> thank you very much. >> thank you. next speaker, please. >> well, first the united states in 1970s of late 1990s i've not been to japantown but my japanese roommate and it was so striking to see a movie and the potential physical entities of

japantown center it was a nice family for girlfriend and boyfriend and husband and wife and all the romance of the happy spirit thank you. >> thank you very much. next speaker. >> good afternoon, supervisors i'm bob i'm the executive director of the japantown task force on behalf of the board of directors of the task force i'm here to urge you're approval the proposed ordinance and recommend adoption of recommend japantown neighborhood commercial district resolution the enact time as the owners for as supervisor president london breed mentioned earlier is one the recommendations in the j h s the city enforced plan for japantown it is the view of the zoning controls are more business

friendly and increase the potential for more development units we look forward to this approval thank you very much. >> thank you. next speaker, please. >> govern supervisors i'm paul wormer i was one of the folks that was involved in playing with this for many years i really want to thank the planning department staff and sprooedz in helping us coming up with a really good plan thank you. >> thank you is there anyone from the public that wishes to speak seeing none, public comment is closed supervisor president london breed what do you want us to do with this did you make a motion colleagues. >> i'll make a motion to move

that forward wmg and r r with a positive recommendation and looks like without objection this motion passes >> madam clerk, is there any additional business to come before this body? >> no, that concludes our business. >> no further business before us this meeting is adjourned thank test, test, test, test,

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