snapshot of the industry. >> thank you. >> yep. commissioner driscoll? >> for that particular chart, be prepared to break it out, the act versus the retired. that line includes the retirees. there's always the issue of how actively are participants still saving even if it is a voluntary plan. >> you're right. i would assume this includes retirees, not just those who are currently contributing. >> so would i. i was going to ask to the discretion of the manager and the chairman of the committee. we had a meeting the other day. i think staff reflected a lot more activities that are going to be going on the next couple of months, plus the investment policy and the product -- i'm trying to think of the second document. we've been voting with the

attorneys. a lot of work has been done, which was not captured in this report. i wanted to give her more credit. >> thank you. >> it was held on monday. so it was after we published this and so the chair will normally report out the activities of the february board meeting. >> thank you, commissioner. those documents will go to the board in february for approval. >> that's what we discussed already. >> thank you for acknowledgment. >> for all the work she's put into it. >> any other questions or comments from the board? seeing none, we're open it up to public comment. any of the public that would like to address the commission? seeing none, we'll close public comment. mr. secretary, next item. >> next item is item 11, review and approval of revised resolution 44, excuetory

authority. >> we're introducing b. the name we've added is justin lowe who has recently been successful in being promoted -- well, not recently. it's been over a year, but with tonya going out on her maternity leave, we want to make sure that we include justin as having the investment authority. and on d, it is the delegation of trading authority, and we've added ashley denning king, tren, joel bates. we would have the board to approve it. we'll be bringing it back in six months to add kurt's name, but the policy generally, as we don't add folks until they've been here a while. so these folks have been here.

so we ask that you approve this. >> there's a motion. is there a second. >> second. >> there's a second. would any public like to address the commission? seeing none, we'll close public comment. item passes. mr. secretary, next item, please. >> the board fiduciary training.

>> what do you anticipate, 10, 15 minutes? >> i can try to shorten it to that. sure. i will do my best. [off mic] >> that may be a bit hard. board members, this is a continuation of the presentation that was made at the board meeting in november. at that presentation, we covered the legal framework for the fiduciary duties, and we're going to pick up with the fiduciary duties in practice. just a quick review, what we discussed about the fiduciary duties that each of the

organization has. the exclusive benefit rule. the prudent expert standard. duty to diversify. the duty of loyalty, i will just briefly say summarized in constitution, article 16 section 17, and it's all very important, of course, but what i want to emphasize is the exclusive purpose of the participants under beneficiaries. that's your paramount duty. the duty of loyalty is effectively a conflict of interest rule, which means that fiduciaries may not have conflict in loyalties and may not discharge their duties for the benefit of a third person or

for their own profits or for any other purpose unconnected with the trust. this means putting your personal interes interests, a planned sponsor's interest, a union interest, or voters interest would be a breach of the duty. let's take a simple example that might demonstrate the duty of loyalty. in this case, i'm on the staff. ima encourages her son to respond to the rdfp. the staff ultimately recommends to the board. the board accepts the recommendation. there will be a reasonable

investment agreement pursuant to which it's agreed to pay a reasonable fee. what raises red flags is the relationship between ima and her son and whether or not the recommendation is being made with regard to what's in the best interest of the plan or because it's her son, but we're told in the second paragraph that there was an rfp process, a reasonable investment agreement was entered into, which involved paying the company a reasonable fee. it was suggested that there was a process followed and it would appear that the board acted in the best interest of the plan. that's not necessarily the case. that's what would have to be dealt with in a situation like this. but if the board acted within the best interest in the plan, there would not be a breach in this case.

there's two sort of related issues, or hidden issues, in the first paragraph. the big question is whether or not ima had any financial interest in big bucks through her son or direct investments. and if she did, in that case, it's very possible that the board would not have been able to act at all on the contract because of section 90 of the government code. and if she did not have a financial interest in big bucks, she should have disclosed a relationship -- her son's position in the company publicly to the board. so those are related issues that we would have to look at, all related to potential conflicts of interest. >> the next fiduciary duty -- >> can i interrupt real fast. it's an interesting example. do we have any -- on a

go-forward basis, if we could incorporate some rulings on where that maybe actually happened and what the court determined or what the lawyers determined. >> well, i can see if i can find some cases on this, but 1090, the government guide, one of the things you have to be very, very alert to, having financial interest in a contract that the board is acting on. if you have a financial interest in a contract, and it's not considered a remote interest, then the board cannot act on that contract. so you would have to divest your interest in the contract to move forward. that's the issue with ima. >> i'm looking for something more than just shades of gray. you have to consider these things and look for more definitive, no, you shouldn't do that. you need to disclose it, and you should recuse yourself. >> there would always be shades of gray. it would depend on the facts.

if i find you a case, it's going to be decided based on the facts in that case. we can see if we can find cases and talk about those cases next time. >> that would be great. thank you. >> we have had trustees recuse themselves for possible conflicts of interest and even the appearance of a conflict of interest to avoid the embarrassment that might be thrown at everybody. so it's a very broad standard. if a board member seeks recusal, i think we've almost always honored it, accepted it. >> i mean, i think that's the best practice. she should have recused herself, but we need guidance. >> adopt it in a term of reference. >> certainly. >> and as indicated, there are circumstances where the board cannot vote on an item, even with recusal. and so that's an area that we

really have not seen what would trigger that effect that would basically not allow a member to recuse themselves, but the board would not be able to vote on it. >> who makes that determination. >> we would recommend that whenever you know you have a financial interest in something that the board is going to act on, that you -- certainly you can call me, and we can talk about it before it gets to the board. if you don't want to serve it out yourself, i wouldn't suggest you do that. consult with our office. >> i agree. you should call them and call them as soon as you know it's been calendared so that it's not the day of the board meeting type of discussion, but certainly we need those types of disclosures before the board would ever undertake to take action on something. >> and the only reason i say to be held to the concrete example, you know, if you take the city's harassment training, they don't say, well, these are things you have to consider. but there's no answer.

they say, no, you shouldn't do this. this is appropriate. this is inappropriate. to some extent, it's black and white, and there's categories of what you should and shouldn't do versus these are things you need to think about. >> i will put it as black and white as i can put it. if you have a contract that the board is going to act on, you should consult with our office. in many, many cases, the board may not be able to act or you must recuse yourself. that's about as black and white. >> but what if you don't? what if it's your son? if you have no financial interest in the contract, then you need to make a public disclosure. the financial interest is what creates a conflict that may require you to divest yourself from the board. there are some exceptions. and they're laid out in the government guide that might be

considered remote, but i think for your safety and for the protection of the board, we should assume that any financial interests might create that problem, and you should consult me on that. >> what happens if we sit on the board and there's no financial interest directly to us, but the board we sit on would benefit collectively? non-profit board, of course. >> a non-profit board, in that case, you may need to make a discollierville -- disclosure. >> why not just make the disclosure to be safe. >> that may satisfy the situation. now, it gets more complicated if you're receiving a salary from that board. then we may be getting into a 1090 situation. we would want to explore that with you.

>> continue the conversation. >> are we close to our 15 minutes? [laughter] >> prudence, we see that expressed in the constitution, article 16 section 17 as well as in the charter part of 12, which is that you must discharge this duty with the care, skill, prudence, and diligence that would be used. it's basically the duty that requires you to exercise a high degree of diligence. it's known as a prudent expert standard. and even though you may not be an expert, you may need to consult an expert to guide you through your decision-making process. i will skip the next slide.

the important thing here, when using an expert, the fiduciary must take into considering the advice of the expert or may, but the fiduciary is still ultimate responsible. so that means that, for example, you would have to monitor and take action to make sure that the expert is doing the job, looking at the things, and making a consideration where an expert should. on this slide, no. 29, the important thing here is -- >> going back to that, you're talking about the reliance on experts. what is donovan? in essence? >> i'm sorry? >> donovan, the case you cited, what is is it? >> it's actually an -- case. you want the facts of that case? >> the 20-second version, as much as can be done. >> okay. this is going to take some time.

donovan is one of the early cases which the department of labor took an interest in. it's a case where a company, a division, the company knew the division was failing. it didn't want to be responsible, so it decided to create a subsidiary, transfer the plans to the subsidiary, convince its employees to them follow some of the employees to move because it's a subsidiary, without telling them that the subsidiary created was economically frail. so it failed to disclose to them -- it failed to meet fiduciary obligations in failing to provide the information they needed to have in order to make a good decision as to whether or not they should have transferred their plans to the subsidiary.

>> i thought it might be something different. that's fine. that's what that case is all about. >> thank you. >> so here's a hypothetical dealing with prudence. we'll call this choosing your own ending. hypothetical, new kids on the block manages an account. you could approach them to change investment guidelines. the change is approved and there's a 50% loss in the account in the first year. so the issue here is whether they satisfied the prudence, the duty of prudence. as i said, it always depends on the facts. in the first case, first scenario, we know that they did

not inquire into the experience of new kids on the block under a type of trading, risk controls, et cetera, and new kids on the block was new to the strategy and did not manage disclosures appropriately. the key issue here is the failure to investigate the experience and backgrounds and controls and measures new kids on the block would use. they did not. and we're being told they failed to handle the strategy appropriately. so this is a situation where more likely than not, they would be found a breach duty of prudence. we didn't do the basic thing to the to satisfy ourselves. this company was capable of doing the job it needed to do. in the second scenario, we're told that they did investigate the background, did review risk control measures, imposed limits

and reporting requirements. these are the kind of things that they should have done, a prudent person would have done. in this situation, it's very likely that they would not have been found to breech the fiduciary duty. but if challenged, it's contacted and there's been reporting of the things that they did. that's critical to the procedural prudence. >> due diligence, who is the cop in the game? is it your offices on staff? who would be the cop. >> each fiduciary is its own cop. this is why we have the training, to make sure everybody has considered these things as they move along. again, we're always available for you to consult us. by the way, when you're on a

board of fiduciaries, each fiduciary has a responsibility to make sure that there isn't a fiduciary that's breaching his or her duty. so you are your own cops. we're certainly here to hell you, but you're your own cops. [off mic] >> yes. >> who sets the fiduciary standards? say i don't like the way something was done, and i bring it up to the executive director, and he says, i think that was done properly. what would be the practical thing? >> well, yeah. again, you can certainly talk to us as well, but, i mean, if you think that a standard that has been set for the board to follow is not appropriate, then i think you can ask for a calendar board discussion. if your discussion with the executive director or the discussion with the president fails to satisfy you? >> would that fall under a

personnel item? or would that fall under an open meeting, if it was discussing due diligence on a particular investment opportunity? >> i think that would not be a personal item. that would be a question of investment policy or some other open session discussion of standards and rules. >> thank you. >> i would say that's tricky. >> if it's about the process and information, which is some of your bullet points, the question is the information legitimate or not good. let alone the conduct of the individual. if you get into the conduct of the individual, you get into personnel. it gets dicey. it has to be talked about one way or the other. if not, if it leads to a bad decision, we have not behaved prudently. >> does it have to be a bad decision? >> it's process. >> i don't think that alleviates the due diligence issue.

>> the due diligence issue is a prod issue. what i understood was that you disagreed with the standard that was being applied. that's one thing. if you agree with our personnel, that falls under the administration and the executive director handles it from a personal perspective, but if it's something the organization does, it's up to the board whether or not they want to change that. >> good and bad decisions are a result of the process. that's why you have to protect the process and force the process and keep the processes as open as possible. if at least a problem, you have to go talk about it. how, where, and when there's rules for that too. . >> and that's prudent process. it helps you to stay on course and helps you to make sure what we're doing every single time meets the expert standard.

>> are we at a natural place to break? i think there's more here to talk about. it's been helpful. >> would you like me to come back and finish up at some other time? >> yes, of course. you're not done. you need to come back and couple of more times. but is this a natural place to break? >> why don't we call for public comment on this item? are there any members of the public that would like to address this? >> i've belonged for this pension for 43 years. i probably have a few hundred thousand dollars into it. i want to go on record to let you know that i don't feel you are being prudent. there's also a lack of fiduciary responsibility of investment in hedge funds. hedge funds, as you know, are a high-risk investment. i don't know how many of you board members are parents. if your senior citizen parents, would you invest any of their money. you would all be charged with lack of fiduciary responsibility, investing your clients in hedge funds.

so one of the best pension funds in the country, i object investing any of my money in hedge funds. i think it's lack of prudence and lack of fiduciary responsibility. very large hedge funds, state of new jersey, new york city, and also people like charles schaub, they would all say investing in hedge funds is a bad investment. nobody likes admitting to a bad investment. you're going to be stuck in hedge funds for the next ten or fifteen years. nobody likes it. i can't imagine mr. kocher ever

saying to you, board members, i made a mistake. you should have invested in hedge funds. i don't think you will hear those words. thank you. >> good afternoon. happy new year, commissioners and staff. claire savansky (phonetic) appearing for the residents of the city and county. we all believe very strongly in education. i think this is one of the most important items that you have had on your calendar. i want to thank you for having it during these meetings and not during a retreat where we can't hear the discussions or it's harder for more people to get to. i think that mr. brian is giving us a very important lesson. it's good for all of us to hear this. we understand some, more than others, what fiduciary

responsibility is. i think there are issues when members feel that perhaps someone is more fiduciary than others, and we need to hear some of those discussions, but i would urge you to not cut these sessions short. i would urge you to continue on with these educational sessions so that we can all understand and hear what fiduciary really is. i noticed in here that attorneys were specifically singled out with regard to not being fiduciaries. in advance of your item with the tuscan charter amendment, it's curious that supervisor peskin is looking to replace a member of the board with an attorney. it took us years, but at the health services board, we eliminated that seat because it was a conflict of interest and two bites of the apple.

we'll continue with that, but please continue on with the session. >> would you like to comment on the fiduciary duty? >> i think so. i just want to mention something i've brought up in the past a couple of times. your sole fiduciary responsibility is to the public, employees, retirees of sfers. you're going to have a special meeting on the 24th fossil fuel stuff. i hope you consider that. i have never taken -- on your personal investing. it's too dangerous. but if you take the statement along with the risk manager, your sole fiduciary responsibility is to the employees and retirees of the city of san francisco. i don't know if i want to keep

on beating this hedge fund thing. when bill first proposed that allocation in 2014, he was trying to do all the public employees and retirees a big favor by de-risking the portfolio. that's what it is. hedge funds are less risky, not more risky. it's one of the very first things i said here. there's no sense in me continuing to beat on that. the next step -- because you took the big step in september. i was the first one to say go to 15%. much to my shock and surprise, it somehow got accepted. >> 30 seconds. >> which i never expected, to be honest with you. that was thanks to brian's leadership of that meeting, in my opinion, nothing that i had to do with it. but in any event, i really think that there's far too much complacency. you don't see the risks coming because most of the risks are in china, japan, and europe. you just don't see them. unlike the tech bubble and the

real estate risks, which was in the united states. >> are there any other members of the public that would like to address the commission? seeing none, we'll close public comment. mr. bryant, thank you. next item, item 13. action item. pension adjustment with donald kosewic. >> i'm happy to take that as submitted. i will make a motion. is there a second? >> i guess we don't. it's a routine adjustment based on a workers' comp board decision from a 50% to a 65% permanent disability. [off mic] >> we have a motion and a couple of seconds. [laughter] >> we open this to the members -- excuse me. why don't we open it to public comment. seeing none, is there any discussion on this item?

we take this without objection? great. item 13 passes. >> tie them 14, the executive director's report. >> i've provided you two pieces of information. there's two things i would like to aunderstand no -- announce. we're going to have a special board meeting here in this board room at 1:00 p.m. it will be a closed session to consider a very specific investment. i just wanted to let the public know as well as remind the board that we would appreciate you making the effort to be here. we anticipate it will be a short meeting. the second announcement is we are now prepared to issue you ipads, and we would encourage you to come and make an appointment through darlene to receive your ipad and your training. this will allow you to download board materials electronically.

i will send out an email reminder, but we are now prepared and have the ipads ready to actually assign to each of you. so with that, i would be happy to answer any questions. >> it's nice to put all these educational sessions, but this packet is getting to be 50 and 60 pages long. we have a rule in my department about not wasting paper. is there some way of -- or must it be put in because it's board request requested. >> we can only provide it to you as they reissue. this one is for a three-month period, i believe january through march. so this will be the last time

you need to see the long report until april. [off mic] >> exactly. it's available online if you need to search it. once you have an ipad, you will be able to keep it there and do your own research. >> okay. thank you. >> public comment? >> good afternoon again. is it possible to have any more information with regard to the peskin charter amendment? what do we know about this amendment and what is the likelihood of it going forward? any deadlines or something we need to know about? >> it's been referred to the

department for an analysis of the impact, and we just received that, so we'll be turning that around within the next week. i believe it's under a 30-day hold, which means 30 days from when it was submitted before it can be heard. it's been referred to the rules committee. so automatically it will be heard in the rules committee soon after the 30 days, and from the rules committee, it can be referred to the full board. as to answering your other questions, i have not had a direct discussion with supervisor peskin but not in relation to this. >> okay. any other members of the public present that would like to address the commission? seeing none, we'll close public

comment. questions, comments, discussions on this item? seeing none, mr. secretary, next item. >> item 15, discussion item, retirement board member good of the order. >> thank you, mr. president. i would like to, for the good of the order, request a couple of things on the calendar. not only because going through the process in the public equity markets, i would like to see an evaluation for us to look at, a process for hiring managers as well as firing managers. i know about 18 months ago, we had discussion about the rfp process and approval process, but i would like us to review it in light of what we're going through now. i think there's some disconnect in that process.

>> you just want a discussion of how we hire and fire managers? >> from the public. >> okay. anything else? >> that's it. >> okay. anything else from anyone else on the board? >> relates to that whole issue i brought up at the retreat about when the governance issues are sort of settled down and improving governance continues, the decision-making process, how we fire, hire, retain one manager, it goes to issue of consultants and issues where we're trying to develop new relations for the prudence of investing this fund for the contribution rates and making sure all issues are maintained. it's called decision making. how to improve our decision-making process, if we think we need to improve. >> that's why i say call for the

review. thank you. >> thank you. call for public comment. are there any members of the public that would like to address this item? seeing none, we're close public comment. next item, please. >> item 16, discussion item, retirement board member reports and comments. no reports were submitted. >> would anyone like to -- okay. why don't we call for public comment. are there any members of the public that would like to address this item. seeing none, we'll close public comment. is there a motion to adjourn? >> i'll make a motion to adjourn. >> thank you, motion adjourned. thank you very much.

>> good morning. >> it's such an amazing, wonderful, wonderful morning. thank you for coming to this incredible event. i'm the director from the office of the mayor. i want to do a few house keeping notes beforehanding it over. i want to thank the office, our

incredible leader here who made the event possible. and the partners at jon stewart company. i know i see kathryn back there, the amazing people. thank you for your leadership. (applause) and the community of infrastructure and investment, nadia, you are somewhere here. thank you so much for the investment in the amazing development and the mayor's office of housing and community development. thank you for coming here. so without further adue, we want to start the celebration this ribbon cutting, this amazing moment, we have our supervisor malia cohen and mayor london breed here. first, i want to bring up our director to kick us off.

(applause) >> thank you very much for being here this morning. this is a really, really important time for me and for all of us. as a child growing up here in hunters point, i actually played on this very spot where we're standing. which is a surprise, that our childcare center is now here. we lived right there in the building right there in the place right here we were playing as children, my sister and i, who is the co-founder and there was a lot of housing in this area here. when we opened up the center and my program director tracy and i was walking through and i was telling the story, she said gladys it's here, the childcare center. and i was very moved but it couldn't be done without all of you helping and supporting us. i'm not going to be up here long but i really want to quote a

saying by myriam wright elder man. children must have at least one person who believes in them, it could be a counsellor, a teacher, a preacher, a friend, it could be you. you never know when a little love, a little support will plant a special seed of hope. one of the things that we work very, very hard to do at frandelja that has now been open 17 years, is plant the succeed of success to ensure that all children have an opportunity to succeed in life, as well as their parents. again, i thank mayor london breed and supervisor malia cohen for being here this morning. thank you so very much. (applause) we will now hear from our mayor.

>> thank you everyone and good morning. it's so excited to be here today. i grew up in the western edition community in public housing there and we were fortunate, the childcare facility i went to as a kid was just right across the street. mary lee would pick me up while my grandmother was working and we had a community, we had a lot of support. we would walk to school together, we grew up together and that's what being a community is about, making sure that our children have these incredible opportunities to start off in childcare to grow and thrive in our communities. i want to take a moment to acknowledge our mayor, mayor ed lee who constantly was an advocate for making sure we were

fulfilling the old promises that we promised decades ago to the residents here in the bayview hunter's point community. this is a promise fulfilled today, it's an opportunity for our young people to grow and thrive. this is an opportunity to make sure that every single child here succeeds and going to preschool is just really the first opportunity any kid gets to grow and learn and thrive. and so i'm excited to be here, 70 slots. 70 slots. childcare -- (applause) childcare just like healthcare should be a right, not a privilege. every child in our city deserves this incredible opportunity and thank each and every one of you for being a part of this wonderful event, actually this is really cool, this floor is really soft and i'm kind of melting in it. we didn't have that, we had to

play on the concrete. these kids are lucky, they have toys and new equipment and great stuff to play with. this is absolutely incredible and i'm so grateful to be here and i'm grateful for the amazing leadership of supervisor cohen who represents this district. she's a hard worker and cares about the community and steadfast, constantly pushing to make sure we're headed in the right direction and i think about ed lee again today, often times supervisor cohen and i would be the main persons going into his office talking about our districts and what we want and fussing a bit about what we want. and the mayor would just tell us, look, i'm going to take care of it, and he did take care of it. he took care of it and malia cohen has been a fierce advocate for making sure the community is taken care of. ladies and gentlemen, supervisor cohen. (applause) >> thank you. good morning ladies and

gentlemen. so today really is a celebration no doubt. but this is truly a combination of all the work that started almost three years ago, frandelja has had a fantastic story that is rooted here in our community, started at gilman at true hope with the vision of a few community members that recognized there was a gap in service right here in the southeast. people should be able to walk their kids to school or drive a few minutes to drop their kids off. so that's when the leadership of frandelja got together. now, years passed and they came to me about three years ago and said we're in jeopardy of losing this, we need to move and find a site. i don't know if you remember that conversation, it was difficult to have, but it's true, ed lee was at the table and neighborhood and campaiommu partners as well as the

developers of this project that assisted us in moving from one location to another so we don't lose any services. but let's be clear, we still need more quality early education opportunities here in our neighborhood just as we see across the city. this is a fantastic day we have come to celebrate this resource we're pouring into our community and the childcare facility that will make it a little bit, just a little bit easier for moms and dads to go to work, knowing that their child has a safe place, not only are they playing, but they're also learning. i think it's property to highlight they're learning basic fundamental principles that will put them on the pathway of being successful for education and then ultimately a career opportunity and who knows run for supervisor or mayor. we have a good track record right here. (applause) you're looking at two products

of the public school system before you, good things do come out of san francisco and working class communities and i think that's a very important message we need to speak out over our little ones. so i'm proud to stand with the women that founded the high quality learning center and you know what's really beautiful is that it started with a vision and tenacity of community members that saw the need and they just took action. they weren't elected officials, they weren't appointed to anything, they felt the urgency and the call to action. they felt that urgency of now. and they stepped up. i want to give my humble gratitude to sandra and gladys for their leadership. there's many organizations here that help us with the funding of such an endeavor. so we as a city are proud to be

part of working together to make sure this facility and others are successful. i want to say congratulations, it's a big victory for all of us here and i hope we can take a few moments in the early parts of 2018 to recognize this and celebrate. congratulations everyone. (applause) >> thank you supervisor cohen. madam mayor breed. i'm looking over to gladys, i believe we have some special guests, i see some amazing little ones over there, a special treat for the mayor here. but first, i think i'm to bring up miss ariana smith, miss smith is a parent of a child enrolled at frandelja. welcome. >> good morning. >> come on mama smith. don't be nervous. >> i'm not really a speaker but

i want to say thank you to frandelja for being accessible to me as a single working parent and you guys have been so helpful making my child feel she's at home. it's been very helpful to me. i thank you for everything. thank you. (applause) >> miss gladys would you like to introduce the special performance or ribbon cutting first? special performance first. as you come up, we have a few elected officials here, our school board president. thank you for coming. miss gladys. >> they are very excited, maybe a little nervous, so if you know the songs, i would like for you to help them along. here's our performers.

♪ round and round ♪ the wheels on the bus ♪ go round and round ♪ all through the town ♪ the baby on the bus ♪ goes wah-wah-wah ♪ the baby on the bus ♪ goes wah-wah-wah ♪ all through the town ♪ the mommy on the bus goes ♪ shh-shh-shh ♪ the mommy on the bus goes ♪ shh-shh-shh ♪ all through the town ♪ the bus driver on the bus goes ♪ ♪ move on back ♪ move on back

♪ all through the town (applause) >> we're going to stop at three, is that enough? 3, 2, 1! >> we did it! ♪ adjourned. >> shop & dine in the 49 promotes local businesses and challenges residents to do their shop & dine in the 49 with within the 49 square miles of san francisco by supporting local services within the neighborhood we help san francisco remain unique

successful and vibrant so where will you shop & dine in the 49 my name is jim woods i'm the founder of woods beer company and the proprietor of woods copy k open 2 henry adams what makes us unique is that we're reintegrated brooeg the beer and serving that cross the table people are sitting next to the xurpz drinking alongside we're having a lot of ingredient that get there's a lot to do the district of retail shop having that really close connection with the consumer allows us to do exciting things we decided to come to treasure island because we saw it as an amazing opportunity can't be beat the views and real estate that great county starting to develop on treasure island like minded business owners with last week products and want to get on

the ground floor a no-brainer for us when you you, you buying local goods made locally our supporting small business those are not created an, an sprinkle scale with all the machines and one person procreating them people are making them by hand as a result more interesting and can't get that of minor or anywhere else and san francisco a hot bed for local manufacturing in support that is what keeps your city vibrant we'll make a compelling place to live and visit i think that local business is the lifeblood of san francisco and a vibrant community

you. >> when i first moved here people come to san francisco to be the person you want to be can be anyone you want.

>> the community is so rich and diverse that i'm learning every single day san francisco is an amazing photoy town historically been base on evolution and that applies to every single professional field including philanthropic arts today what i do is photo based art manifests traditional forest and some colonel lodge and other frames of digital forest is a meeting that has been changing like super rapid and the quality is not extended by the medium if you took forest in school or you get a job in a newspaper they'll give give you a list of how to create a philanthropic story my goal to break down that model and from a to b that is unique

and allows the ability to incorporate different types of i believey about propels someone through the rise and a fall of their own experiences one of the main things i'm trying to contribute it unconditional narrative form the narrative art of photograph the in between of photos how does a group of photos come together as how to use the space between photos to alight emotional responses from the audience and bring innovation and create bodies of work that narratively function the way that photos do san francisco as the commission came out and you visited me and one of their prerestricts was to find an art with enough work to fill a large says that a quad

down the hallway downstairs and we hung that quad to feel like a train station that constant sensation from all different directions some of the major characteristic of the landscape festivities the blur of the train their 70 miles per hour and they're not perfect as opposed to to what landscape will look like it creates a dichotomy for people insides the train not just the story of the subject it is not just the visual design the composition juxtapositioning, etc. not just all autobiography boo-hoo it creates pictures with meaning

within them and then some of the portraits feel awkward some of them feel welcoming and the person that mime making the picture is really comfortable and other ones feel awkward and weigh i didn't and tense that sensation is counter to what we feel like makes a successful portrait that sensation makes that work it is hard to be an artist in a city is 100 percent focused an business the cost of living is expensive and to value your success not scribble on financial return creates a conflict between the paramount egos in san francisco today. >> you see a lot of artists

leaving for that reason because you need space to make work my ultimate goal to make work that firms people firms this gift and just the experience of life and of their worst and of the amazement the wonderment of everything around us

. >> good evening and welcome to the january 10th, 2018 meeting of the san francisco board of appeals. the presiding officer this evening is the board's president, darryl honda, and he is joined by our vice president frank fang, commissioner an lazarus, commissioner bobbie wilson, and commissioner rick swig. to my left is the city attorney and he'll provide the board with any needed legal advice tonight. at the