tv Government Access Programming SFGTV June 2, 2018 11:00pm-12:00am PDT
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are broken down by classes? like, categories? tier one, you tear two, heere three? >> that's the benefit plan. rather than the deferred comp plan, now i believe, certainly with the secure member or sole, even your financial advisor, if you carry your passport cannot model away the benefits estimates and have a much better idea of what your pension would look like five years from now, three years from now, and so that i think it is a powerful tool that has been out there for two or three years. on the deferred comp side, every vendor that we've engaged, obviously had different websites that i believe, i don't think we are receiving complaints. i think what i heard is sometimes it's difficult to find them. you have to go to different
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places on the website, but certainly i think the information is there. >> well,, i know that the basic website that's available to the public has been redesigned last year. we've received a lot of compliments on that. it's a lot easier to navigate and user-friendly. once a participant at logs in, they have access to all of the information a financial advisor would look for including investment information and allocation information. so it depends on what the financial advisor is looking for. generally they want a whole picture and so they would possibly get everything they need with regards to deferred compensation. i don't know what that financial advisor would need. it's part of his... >> so the statement is that everything is on the website, and if you trust your financial advisor you can give them your password and they can then look at your individual account? >> certainly if you share your password, you can have them login to the deferred comp
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account. if you share your password, they can go in to the secure member portal and see how, what elements we used to calculate benefits and protect them, and the only thing that is missing is the social security part. but they can get that part somewhere else. but i believe, today, that i don't know what kind of financial advisor necessarily, but i believe all of the information that a financial advisor would need is available. at a personal level, if you are willing to share your password. >> the only thing i didn't have was my shirt password. i think you get a lot of information, so i am looking at the information that is on the website and then if you have a problem call. >> if the financial advisor needs to know where you have your money allocated now, you only see that ones you've gotten into your own account.
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it's not public knowledge as to where dianne has her money invested. she shares that with us today. [laughter] but it is not public. >> thank you. that clears it up. >> let me tell you, you don't have to give your password to provide that information. if it is a licensed financial advisor, they will know if you give them your account, which is within 24 hours. we do daily valuations. the third party administrator approved it and they are required to do that. they are contracted. they manage none of our money or the participant's money. zero. when you bring your accountant with the five digit code, for every one of those, even with unit pricing, they can open up and see every single stock you own, and how much of it you own and then you can put that with all the other stocks and bonds or saving accounts you might have. a good financial planner will
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want to look at all of those pieces. it is a benefit issue and there are no stocks there that are attributed to members. it is set up that way to be done that way for that very reason you are asking about. tell your concerns member to download that with the five digit, five letter code to the advisor, and they can look up every single thing. >> quarterly statements are also available. >> you can look up everything. >> print it out. >> even the mutual fund. every single one has it. >> just print it out. >> may i ask a question? there's a recent article that referred to... do you know the article i'm talking about?
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>> right. >> they referred to credentials, annuity, offers. for the record, are there any annuities being offered to our participants three credentials in a deferred comp program? >> theree no annuities that are actively promoted through the deferred comp program. the assets that are in the deferred comp plan are located in a trust. the trust is not an annuity and it is not invested in an annuity. in the event a participant needs to leave the plan as a result of termination, or retirement, they have the option to take their money, and invested in anything that they want. that includes an annuity. we have worked with credentials and any vendor to ensure they are not promoting annuities to our clients directly, but they can answer questions in the event of participant -- a participant is interested in an annuity product. we do not invest in an actual annuity.
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>> typically at the tax-sheltered annuity that is made. even though, all of us who have money in the plan, are participated in a tax-sheltered annuity. that is a labelling problem that people don't understand sometimes with misinformation from other people. when you go to the distribution phase, you want to take your money out. it's an incredibly flexible way of doing it. little bits, all of it, one option you have, i want to buy an annuity with some of my money. you can do that. you can call the third party administrator, and ask them and they will give you a whole range of annuities that you can buy depending on the company you want, what type you want to, that what the value is in the monthly income. the credential can put those in it but they will give you the whole shopping list, just like you can look at 20,000 mutual funds that we have and you can look at a couple hundred annuities and which one you want to pick. less than one% of our distributions are taken out in an annuity. less than one%. i want to say is less than one
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tenth of a% of it periodically would you look and see where the money is going. the numbers i have seen are like three people. >> once it goes into annuity it leaves our plan. >> so with that article, you haven't quoted it wrong what people have said in that article? >> the article was e-mailed to the whole board by an individual. any media articles from this point forward will be e-mailed directly to this board. keep an eye out for many e-mails from norm which may have these stories. the article option said that the plan was simple -- synthetic. is there anything synthetic about these mutual funds? >> you know, i cannot -- i cannot know what he is thinking. i don't know what he means by synthetic. sit -- >> synthetic options? >> synthetic options.
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so within our stable value product, there are underlying investments. within those investments, there are contracts that can be considered synthetic. that has nothing to do with the allegations or the comments, sorry, that this report are is providing. >> on the third point he made, he said it is unaudited. this is something that we've talked about before. i think, just for the sake of putting this about sometime over the next year, maybe a brief memo about the pros and cons, the realities, the costs, of what it would mean to audit this. this is something that i get asked about on a weekly basis. and to the extent that there is a papal is a paper dealing with some of these things. it would be great to share that with participants because what they hear is unaudited, i'm trackable, untraceable and that
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scares them. to just have, to be reassured that the spoken word is not always sort of satisfying to them, but to maybe have something in writing at some point would be helpful. >> so it is a question about transparency. is that the main thing? >> i think that is the argument that is made. no one really knows who owns a securities, where they are, what is it bears. anyway, i bring that up a something we can take up down the line. but since we are talking about it. >> we are all familiar with the article. one of the changes we made recently, the board voted on it, and one of our largest equity funds, we changed it from eight standard mutual fund to a collective investment trust. we got to the fee is down, which means the members kept the money by 50%. that reporter is saying it is an unregulated group. that's not true.
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the group that regulates the mutual funds is one group. the group that regulates collective investment trust is under the department treasury. they regulate the same rules, same laws, same enforcement authority. if you don't do your homework, you will miss that. why is that done? when staff made that recommendation, that was one of the requirements to make sure that security issue was not changing. again, another incorrect piece of information floated down to the members. all of those mutual funds are regulated. there is no mysterious manager. those funds and that mutual funds are managed by the exact same manager. we used this pricing scale to make transfers easier but it is the same performance level. your money is being managed by the exact same manager. not some shadow or some parallel or some twin. >> i think the issue we have here is sometimes, if we don't
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get information, it is true for many things in life. and they just believe what someone else says or has. so please, let's try to deal with that sometime this year and put something in writing, maybe a fact sheet or whatever we think is good. >> perhaps we can happen is we can send the issues to committee and go and look at why it can't be issued, to address those issues. >> that would be great. >> to their credit, there at retirement council and also the staff that works with dianne, they love to get those phone calls. they left to go talk one on one with the participant city employees, whatever they want to call them. they left a talk with people exactly and sets the facts straight. [please standby for captioner switch]
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>>... whether or not leaders choose to have that resonate, but there is additional information we can consider putting out more proactively, to alleviate further confusion around the plan. >> president stansbury: we'll take it up in committee. why don't we open for general public comment. is there anybody in the public that would like to address the committee? seeing none, we close public comment. >> item 11, travel expense report for the quarter ended
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march 31, 2018. >> we're at three quarters of the way through the year. the report indicates that so far, we've spent $278,000 in both staff and board travel. out of $700,000 budget. so we have money sufficient to make sure that the board is able to travel for educational and informational conferences they would like. if there are questions, i would be happy to answer them. we have detailed that expenditures for that quarter. >> president stansbury: why don't we open it up for public comment? seeing none, we close public comment. next item. >> item 12, review and approval of staff's recommendation to
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engage. >> the rfp was approved at the march board meeting. we received three responses from three qualified firms after reviewing the proposal. i am very pleased to ask the board to approve bartel associates to perform the audit. the recommendation is here, it's part of the board calendar sheet and i'm happy to answer questions. >> president stansbury: questions from the board? motion, there is second. any discussion from the board, any comments? no. ok, call for public comment. any members of the public that would like to address the commission regarding the actuari actuarial au audit. seeing none, can we take this without objection. great, this passes.
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item 13, discussion item, the personnel committee report. >> may 9, we approved the minutes of november 1. we met in closed session. we discussed the valuations of both the executive director and the actuarial services coordinator. there will be documents coming to you to fill out and we'll be looking at having a core section in the june board meeting will be associated with the june board meeting. that's it. >> president stansbury: comments or discussion from the board? seeing none, we'll open it up to
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public comment. seeing none, we will close the comments. item 14, action item, approval of the president's appointments to committees. >> president stansbury: since commissioner makras left the board, it made senseo just plug in commissioner chu to all of the spots where all of committees where makras previously was, but because we have the annual reappointment of committees in june, i thought it didn't make sense to appoint a committee chair on an interim basis for 30 days. so we'll leave the finance committee that is undergoing a little bit of a revamp. in the interim, the next 30 days, we're asking you, to sit on the committees that commissioner makras was, so we can revisit this next month. >> commissioner chu: happy to be plugged in [laughter]. >> the election of the officers,
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is it june appointment of committees is july, but in effect, it really is just 40 days. >> president stansbury: ok. to that point, i think we're going to see something come forward from the governance committee in probably june related to the finance committee, correct? >> right, it's going to be based on the recommendations that you approved from the retreat. it's going to be renamed operations oversight committee. so it will have expanded mandate and authority of oversight, more on the administration of benefit side. so it's a significant expansion of terms of reference for that committee. >> president stansbury: car men, welcome to the board. >> commissioner chu: thank you. >> president stansbury: any members of the public that would like to address the committee? close public comment. motion on the table. there is a motion, a second, take this item without
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objection? great, item passes, thank you very much. next item. >> item 15, discussion item, the education presentation on california government code section 1090. >> good afternoon, commissioners. city attorney's office. i'm about to give a very quick presentation on the california government code section 1090. as you might recall from my
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presentation and fiduciary responsibilities, i went into a side discussion of the section and the president asked me to come back with a little presentation that would provide a little more information about what this section is about. so i'll try to make this quick. california government code, the purpose of the code is to ensure that public officers and members of boards and boards themselves, without divided loyalty. and to guard against conflict of interest and the appearance of conflict of interest. the code is probably one of the less forgiving conflict of interest codes we have to deal with, so it's very important we have a sensitivity to its requirements.
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the code, shown on the slide, the members of the legislature, state, county, district, city, employees shall not be financially interested in any contract made by them in their official capacity or any body or board which they are members. what this means, a member of a board or body cannot have a financial interest in a contract that is before the body. and the body is not permitted to enter into that contract is there such an interest. it's strict in the sense that recusal is not a cure to this problem. the board members -- the board member who has the financial interest has the choice of either leaving the board, or divesting themselves of the financial interest. section b, which is below the
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section i just read, means no one can abet or aid to violate subsection a. so one board member cannot assist another board member, for example, in willfully hiding such a conflict of interest. the remedies and penalties are pretty severe. according to the code, section 1092, every contract made may be void by any party, except the officer interested therein. the courts have taken a much stricter reading of this, to say that the contract, if you enter into a contract in which a member has a financial interest, that contract is void. it's automatically void, not a valid contract. so it has no force or effect. but as to the board member, who might have had that interest, there are penalties if the board
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member willfully violated section 1090. and those penalties include a fine of not more than $1,000, imprisonment in a state prison, and permanent disqualification from holding public office. the concept of the financial interest is broad by the courts. they do not make a hyper technical reading of it so not to limit the impact. they would rather have a broad impact. but there are a limited set of exceptions to financial interest that are known as remote interests. i'll describe some of these shortly. but if there is remote interest, financial interest not considered truly interest, it's minimal enough to be considered remote interest, the board
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member still must take action. it's not enough to simply recuse him or herself from the action on the contract, he or she would have to disclose the fact of that remote interest to the full board. and that disclosure, that interest, must appear in the official records of the body. and before the board can act. and when the board acts, that person must recuse themselves. the vote won't count. there are affirmative things that have to be done in that instance. it's for that reason, our office asked to be informed of if you suspect that you might have a conflict of interest, so we can look at these things, consult the remote interest category to see whether or not the board can move forward. if we are unable to resolve that, it would mean sometimes that the board can't adapt at
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all until we figure out there is a true financial interest. examples of remote interest most amicable to you, if -- aolymp aapplicab aapplicable, to. if you are receiving a salary, per diem or reimbursement from a governmental entity that is before the board for a contract, that would be considered remote. if you're landlord or tenant was before the board for a contract, that would be considered a remote interest. but in each of instances, you must disclose that relationship and it must appear in the official records of the board if the board is to approve the account with that entity. the penalties for violating the remote interest standards are the same as for the full financial interest, except that
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the contract is not considered void, unless the contracting party had knowledge of the remote interest at the time the contract was entered into. so there is a little bit of leniency there, but not much. so i just wanted to then go through hypotheticals to sort of try to give a little bit of reality to what these codes mean. and these codes are based on cases i've read and tried to sort of tailor them as much as i could to the board. so hypothetical one, we have a retirement board enter into a consulting contract, the advisor was the owner of the contracting firm, the contract required the board to reasonably adjust the rates of payment to the contractor on the 5th anniversary of the contract. one year before the fifth anniversary, he was elected to the advisor. the board refused to set the rates because they thought it would violate 1090.
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so he was not on the board when the contract was entered, so it's ok. but after the advisor was elected to the board, a provision in the contract required some action on the board to the contract, namely readjusting the rates. we assume the rates wuld have been in the contract's favor. the board in this instance refused to act, said we couldn't. and we want to court for a declaration and the court said, you're right, you can't act because mr. advisor is now on the board and he has been interest in the contract, so there is nothing you can do, contractor, you have to live with the contract. so they were right in their assessment of the situation there. second one is a little more convoluted. but, also useful. and this involves -- well, it's
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company x was the insurance brokerage contractor for the board. the board requested company x to procure insurance contracts. was a member of the retirement bod, at the time of the request, the hrde exposed her exposure to the board and said she would not take any action with the contract that would be procured by company x. she did not participate in any manner of procurement or solicitation of board or influence other members of the board. she entered into agreement with company x where she agreed not to enter into and losses would be shared by only partner of company x. this is a little bit tricky,
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because the contract before the board, that the section was being applied to, was not the contract with company x, that existed and was in place. the contract that were being considered were the insurance contracts that company x was asked to put in place for the board. you can see ms. holder, did everything she felt was reasonably possible to guard against the impacts of her financial interest. she knew he had a financial interest. and in looking at this, the court said, she had a financial interest in the insurance contracts because the company x, even though she divested her interest in the insurance contract, even though reached agreement with company x she was not to receive any profits, or suffer losses, the court said you owned 40% of company x and
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the company, for each contract that company x entered into, it has impact on value of company x. even though you're not getting the direct profit, if the value of company x increasings, then 40% of the greater amount is increase in value to you. so you still have an interest in the insurance contracts. you did everything you could, except what you needed to do, and what you needed to do was either leave the board, or divest yourself of the interest, but you couldn't stay on the board and be silent and still comply with 1090. but there was another aspect to this in that the court said there was possibly a remote interest. but you know, they hadn't figured it out. i'll just describe the remote interests. which is that the company x was acting as agent or broker for
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the insurance company possibly. and the remote interests exception there would apply if ms. holder owned less than 3% of the shares of any of the insurance companies or each insurance company. and was acting as an agent for three years before she went on the board. and there are a few other technicalities, but the court said, you need to go back and look at that and tell me if there is remote interest. that's important, because if there is remote interest, you saw the difference between the penalties, if there is remote interest, the contract may still be valid if the contractor did not know of the remote interest at the time the contract was made. but we don't have the answer to that question in this. and in the third is interesting, because what resulted at the end of the game.
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this involved a city council. i kept it that way because there is no way to lend itself to you directly. but in this hypo, in approving the housing development project, the parks city council accepted the developer's offer to allocate $600 thousand to the personal property to be transferred to the city for a park. peter mix was one of the three. peter rich abstained on voting. they agreed to sell his property to the developer. knowing that the developer would convey the property to the city. the city council approved the purchase of the parcel. he abstained from the vote. peter rich received 260,000 frdz the developer, who received $260,000 from the city or conveyance. we have a piece of property, a developer who was going to get
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up with of three parcels. peter rich owned one of the three parcels and the court said, going back to the first, approval action, you had one of three parcels which could likely be used in this transfer. that is enough of an interest right there because there was a good enough likelihood that your property would be conveyed. so you should have disclosed at that point or stepped away. but it went further. this is an interesting case, because it shows the extreme. the result here was the court deciding that the property should remain with the city. and the developer should return
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all of the money that it received for the property. so there was a $260,000 impact to the developer. they lost the property and they lost the money. and that's because under california law, contracts that are made in violation of contracting, principles contracting laws, to not allow the contractor to retain any of the benefits, proceeds from the contract, and the city or the public agency that is on the receiving end of the contracts, are not required to return any of the benefits they receive as a result of the contract. so the results can be quite harsh and they were harsh in this case. which went up to the california supreme court. and my last -- well, one more. this one is a lot simpler.
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and in the fourth hypo, there is executive director of the retirement system of what city. who resigned. the retirement system board meeting, the member of the board announced his interest in being considered for the position of executive director. they voted to offer the position to mr. exec. they announced the vote in open session. he was present for the closed session, abstained from the closed session. mr. exec accepted the board's offer. a few days later, he submitted his written resignation to the board and commenced his employment as executive director. here is a contract at issue -- well let me just say this -- on the california law employment, relationships are considered contracts in the public sector, so the court said you had employment contract that was at issue here. and therefore, mr. exec, who was on your board, had an interest in the contract, his own
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employment as the executive director. mr. exec, the court said, you really two choices. you should have resigned from the board before you told the board that you were interested in the executive director position. or just not applied for the position. so in this case, mr. exec, i think had worked for the city as the executive director for about seven months. the court said -- commanded him to return salaries and benefits he'd received from the city as a result of its employment, because the contract was void. and so that was the end of that result. so those are my hypos. and i would be happy to entertain questions. >> president stansbury: any questions from the board? >> the money had to be returned in hypothetical 3, it the 260 or
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the 600? >> the 260. >> commissioner driscoll: slight change from what you laid out here, but you did in your opening comments talk about the duty of loyalty. which came up in the first educational session with this. can you tell us to whom the board and/or any board member, to whom does that duty of loyalty go? >> so, under the fiduciary concept the duty of loyalty goes to the plan and the participants in the plan and beneficiaries under the constitution. this loyalty is talking about your loyalty to the board and then that fiduciary loyalty flows down to the specific entities. >> when you said -- you said there is beneficiaries and one other word. >> participants. >> participants and beneficiaries of 60,000, but is that as a group?
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>> as a group. as a group. >> we have a duty to the beneficiaries as a group. >> as a group. >> thank you. >> and 1090 was not written with the fiduciary obligations in mind, it was much broader concept. >> ok. mr. bryant, thank you very much, just a repipeline der to the board -- reminder to the board, this is something we voted on last year, where we're going to have educational presentations brought to us on a recurring basis. why don't we open up for public comment? any members of the public that would like to address the committee? seeing none, we close public comment. >> item 16, discussion item, the executive director report. >> i had the pleasure of attending new commissioner carmen chu's swearing in and
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certainly welcome to her. we've had an opportunity to meet with her last week for a brief period of time and i believe there is going to be continuing orientation. and she has her own ideas of what she needs to know, so that is very refreshing. we appreciate her interest and look forward to continuing to meet with her. we sent out by e-mail a copy of the status report on her 2018 proxy voting. you got a hard copy here at this meeting just in case. meeting just in case.
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particularly jovial to the. [laughter] >> he has counted down the number of meetings. he was quite upset we had so many committee meetings towards the end, but we said we will make sure that he goes out with a real bang. but we had a meeting once a week for the last four weeks, as he reminded me, and he will be at the june board meeting. we appreciate the work that he does. yes? any questions? >> questions or comments from the board? questions? >> with the upcoming calendar, at closed session, we should add that. >> okay. >> why don't we open up for
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public comment? any members of the public comment -- public want to address the commissioners? >> welcome, norm. i expect you will be joining our organization very soon. congratulations on your retirement. i just want to add, that the secretary for the health service board has also announced her retirement with the same timeline. so i'm sure there is a lot of excitement, and discussion. we are going to welcome both of them to our organization, and i didn't bring an application, but i will tell you, the next committee meeting or the next anything i attend i will bring applications for both of these secretaries. i've known norm for many, many years, and i know he's been an
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asset to the city and county and has done a lot of good work for a long time and has been a very good secretar secretary to this. we're looking forward to, maybe even his participation at some point in the future. i also just want to say congratulations to commissioner stansbury. i understand that congratulations are warranted for your second child. correct? congratulations on that. i guess we have to weighed a long time for those members to join us. and hopefully it is at some point. we all have city employees that we are producing here. thanks, and welcome, norm. >> thank you. >> i would like to thank norm for his part and for some of my anxious phone calls. and you are retiring just in time for the beginning of the
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new fiscal year. so i just want to express my appreciation and i would like to welcome carmen chu to the board and hopefully she serves with integrity and commitment. thank you. >> thank you. >> why don't we go ahead and put close public comment. >> next item is item 17. >> anything from the board? any requests? no discussion? ok. seeing none, why don't we open up the public comment. no members of the public, we will close public comment. just for clarity sake again, this item is open a case you
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have any requests about anything yoyou'd like to see in future agendas or any concerns if you would like to bring it up. next item, please. >> item 18 is item about retirement. >> can we take these at committee? >> yes. >> why don't we take this up for a public comment. are there any members i would like to address the commission? seeing that we will close public comment. >> at a motion to adjourn will be in order. >> ok. great, thank you. meeting adjourned. [♪]
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>> i came to san francisco in 1969. i fell in love with this city and and this is where i raised my family at. my name is bobbie cochran. i've been a holly court resident for 32 years. i wouldn't give up this neighborhood for nothing. i moved into this apartment one year ago. my favorite thing is my kitchen. i love these clean walls. before the remodeling came along, the condition of these apartments had gotten pretty
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bad, you know, with all the mildew, the repairs. i mean you haven't seen the apartment for the program come along. you wouldn't have believed it. so i appreciate everything they did. i was here at one point. i was. because i didn't know what the outcome of holly court w going to be. you know, it really got -- was it going to get to the point where we have to be displaced because they would have to demolish this place? if they had, we wouldn't have been brought back. we wouldn't have been able to live in burn. by the program coming along, i welcome it. they had to hire a company and they came in and cleaned up all the walls. they didn't paint the whole apartment, they just cleaned up the mildew part, cleaned up and straighted it and primed it. that is impressive.
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>> it's great to see everyone kind of get together and prove, that you know, building our culture is something that can be reckoned with. >> i am desi, chair of economic development for soma filipinos. so that -- [ inaudible ] know that soma filipino exists, and it's also our economic platform, so we can start to
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build filipino businesses so we can start to build the cultural district. >> i studied the bok chase choy her achbl heritage, and i discovered this awesome bok choy. working at i-market is amazing. you've got all these amazing people coming out here to share one culture. >> when i heard that there was a market with, like, a lot of filipino food, it was like oh, wow, that's the closest thing i've got to home, so, like, i'm going to try everything. >> fried rice, and wings, and
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three different cliefz sliders. i haven't tried the adobe yet, but just smelling it yet brings back home and a ton of memories. >> the binca is made out of different ingredients, including cheese. but here, we put a twist on it. why not have nutella, rocky road, we have blue berry. we're not just limiting it to just the classic with salted egg and cheese. >> we try to cook food that you don't normally find from filipino food vendors, like the
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lichon, for example. it's something that it took years to come up with, to perfect, to get the skin just right, the flavor, and it's one of our most popular dishes, and people love it. this, it's kind of me trying to chase a dream that i had for a long time. when i got tired of the corporate world, i decided that i wanted to give it a try and see if people would actually like our food. i think it's a wonderful opportunity for the filipino culture to shine. everybody keeps saying filipino food is the next big thing. i think it's already big, and to have all of us here together, it's just -- it just blows my mind sometimes that there's so many of us bringing -- bringing filipino food to the city finally. >> i'm alex, the owner of the
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lumpia company. the food that i create is basically the filipino-american experience. i wasn't a chef to start with, but i literally love lumpia, but my food is my favorite foods i like to eat, put into my favorite filipino foods, put together. it's not based off of recipes i learned from my mom. maybe i learned the rolling technique from my mom, but the different things that i put in are just the different things that i like, and i like to think that i have good taste. well, the very first lumpia that i came out with that really build the lumpia -- it wasn't the poerk and shrimp shanghai, but my favorite thing after partying is that bakon
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cheese burger lumpia. there was a time in our generation where we didn't have our own place, our own feed to eat. before, i used to promote filipino gatherings to share the love. now, i'm taking the most exciting filipino appetizer and sharing it with other filipinos. >> it can happen in the san francisco mint, it can happen in a park, it can happen in a street park, it can happen in a tech campus. it's basically where we bring the hardware, the culture, the operating system. >> so right now, i'm eating
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something that brings me back to every filipino party from my childhood. it's really cool to be part of the community and reconnect with the neighborhood. >> one of our largest challenges in creating this cultural district when we compare ourselves to chinatown, japantown or little saigon, there's little communities there that act as place makers. when you enter into little philippines, you're like where are the businesses, and that's one of the challenges we're trying to solve.
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>> undercover love wouldn't be possible without the help of the mayor and all of our community partnerships out there. it costs approximately $60,000 for every event. undiscovered is a great tool for the cultural district to bring awareness by bringing the best parts of our culture which is food, music, the arts and being ativism all under one roof, and by seeing it all in this way, what it allows san
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franciscans to see is the dynamics of the filipino-american culture. i think in san francisco, we've kind of lost track of one of our values that makes san francisco unique with just empathy, love, of being acceptable of different people, the out liers, the crazy ones. we've become so focused onic maing money that we forgot about those that make our city and community unique. when people come to discover, i want them to rediscover the magic of what diversity and empathy can create. when you're positive and committed to using that energy,
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