that there has to be something that changes in order to ensure not only the ability for people to get around more efficiently but to ensure safety. and, you know, sadly, we've had more than our fair share of collisions that have occurred along market street, and we know that there is a need to do something different, and we've already moved in that direction. the red bus lanes have been helpful, but it's not enough. we want to be able to get people to where they need to go in an efficient way, but this also is a way to support and protect our environment by increasing the ability to make muni more reliable, more people will use it, making trips 25 -- making trips 25% faster will

change how people look at muni. and let's be clear. i know we have a lot to do to get to a better place with our public transportation system. it's not just more buses and trains, it's not just more drivers, it's changes to our infrastructure. and that's why this is so important, and that's why so many people advocated for a car-free market street because they knew that as the population increases, as the number increases with the number of job opportunities, we need to ensure that we have a reliable transportation system that get people around, and we make changes that may make people uncomfortable to the infrastructure to get people to rely on our system. that's why we do what we do. i want to thank someone who is

no longer on the board of supervisors but was really an advocate and pusher for this project, and that is our current assembly member, david chiu. [applause] >> the hon. london breed: i remember when i first became a member of the board of supervisors, and i'll tell you, david chiu was president of the board. he came to talk to me about closing market street, and i want lik want -- and i was like, are you crazy? and it's so funny. just looking back over the years and the changes and what we need to do for the city, i basically agreed that this is something we needed to do. and i'm really proud to be here as mayor, and i want to thank david chiu for his advocacy. i also want to thank scott wiener for his advocacy for

public transportation systems. i want to thank a number of people who have been at the forefront of closing market street to public vehicles. thank you to walk sf. thank you to the san francisco bicycle coalition, and thank you to market street railway, who actually has a great museum just right down there. [applause] >> the hon. london breed: and it does take people who are not only a part of the community to help make this happen, it takes a city village. and i want to thank the san francisco m.t.a. for their leadership and their guidance and the work that they're doing. really excited about jeff tomlin and the work that he's going to do to continue to lead this great organization. thank you to the p.u.c. department, the planning department, public works, the county transportation authority, and the office of

economic and workforce development. so many great folks who really are going to be at the forefront of helping to make this possible, and i'd also like to give a shoutout to the san francisco police department because the work that they are going to do around enforcement to ensure that as we make limits on vehicles on market street that we have enforcement so that we can make sure that we're communicating and making people aware, but we also know that having a tool to enforce what we know needs to be a car-free market street is going to take some work, and the police department is going to be an important part of that work. [applause] >> so today, as we extend over two miles of car-free market street, i'm looking forward to seeing the results of what this does for san francisco. we talk about a goal of vision

zero, and we've been talking about it for so many years, yet what's been happening with the number of fatalities on our streets, it just looks like we're never going to get there. and i think this is a step towards getting there, and helping us to realize those goals of keeping people safe and ensuring that no one, because they're traveling and trying to get around the city to and from work, is at risk, and this is just really an incredible step forward. this is so significant, so great. that's why we're here, and i just want to thank everyone for their support and their advocacy and their patience as we move through this process because you know if you do anything with the city, it does take patience. but we are here, and today, we celebrate, we ensure, and we look forward to really transforming san francisco and making market street one of the

safest corridors in our city. th thank you all so much. [applause] >> good morning again. my name is jeffrey tomlin. i am the head of the san francisco municipal transportation agency, and i am pleased to be here this morning. may i have another round of applause, both for our mayor and her stalwart support, but also, gabe todd, bell ringer of the san francisco municipal transportation division. [applause] >> so as the mayor said, this has been a long time coming. we've been talking about this for over 60 years. our success would not be possible without our advocates who worked on this project and

our board of supervisors who saw our vision zero goals, who saw a market street that was not just moving cars, but moving goals. may i please introduce supervisor matt haney. >> supervisor haney: it's been one month, and he's already got market street done. give a hand to jeff. no, i'm excited for what's going to come next with your leadership of m.t.a. i want to thank mayor breed and her championing this project. first of all, this is an exciting day. finally, we are putting people first on our most important thoroughfare here in san francisco. there are over 500,000 people

that walk on market street every day. there are over 6,000 people that ride their bikes on market street every day, and there are thousands and thousands of people that ride muni. and finally, we are going to be designing this street for them. [applause] >> supervisor haney: we are going to celebrate the culmination of decades of planning to make market street a street for the people of san francisco. today marks the beginning of a historic transformation of the main corridor of our city into a safe place to walk, bike, and transit. market street is not only one of our city's most important corridors, it is one of the most dangerous. the only way we will achieve vision zero is by urgently

bringing radical street safety improvements and being unapologetic to our commit to street safety. a car free market street will also pave the way for future car-free spaces across our city. i'm hopeful that we'll be looking at other places in district 6, including in the tenderloin, where we have dangerous and sometimes deadly collisions for school children, seniors, and others. the complete transformation of market street will redefine or downtown. it will bring new activation to a street that has long been overlooked. i'm excited to see what this will bring to the businesses and residents of district 6 not just for what it brings around here, but you will see a dynamic, revitalized area. again, i want to thank mayor

breed, the bicycle coalition, and walk sf, and i want to thank the countless people who worked for years, the citizens advisory committee, who made this possible. thank you so much for being here. this is only the beginning. [applause] >> government agencies throughout california face difficult budget challenges, including structural budget deficits that are built into the system here. making projects like this happen would not be possible without an sfmta board of directors ready to make the really tough choices about how we allocate our budget, to what degree to we raise revenue or reduce revenue in order to achieve our service goals. i am honored to serve on a board that is practical and

holds my agency accountable, and i'm pleased to introduce the head of that board, malcolm heinicke. >> well, thank you, and congratulations on this day. i want to thank mayor's newsom and lee for their leadership and the roles that i have now. i want to thank the leadership, and ed reiskin who came before them. i want to thank board members brinkman and eaken, who came before me. this is a magnificent market street. this is going to be -- yeah, let's cheer that adjective. it's a good one. it's going to be magnificent for transit, for pedestrian,

for cyclists, for equity, for the environment, for visitors, for businesses, for everything that makes san francisco so special. it will not be long before broadway is referred to as the market street of manhattan. for transit, our buses and trains will move 15 to 25% faster on this corridor. bus riders will enjoy the same right-of-way preference that i enjoy on my subway ride in the morning. this will be the above-ground subway. for pedestrians and cyclists, we will address one of the most dangerous corridors in our city and not only solve the safety issues but make this a destination for walking and cycling. this is, indeed, an exciting time. now i do want to clarify one important policy thing, and i don't want to be the dusty baker who hands the ball to

russ ortiz, so i'll keep this in vague terms. but this ban on cars on market streets will not aplply to parades. for example, a parade on behalf of a sports team who happens to be super -- super, and we're going to stop there. she has slapped me down before, but i think that was the first time in front of a bunch of cameras. any way, back to the topic at hand. this is a glorious day, and a magnificent project. it is sort of the culmination of my career as an sfmta board member. let's not wait another decade or 13 years to do this again. yesterday, i called on our staff to look at a project like this for valencia street. you heard -- [applause]

>> you heard supervisor haney who's been such a leader on this issue doing some work like this in his district. folks, this is going to be magnificent. let's not wait. let's do it again. onward. [applause] >> doing this work has required deep engagement with the community, and some of you may not realize that some of the greatest concentration of families living with children in san francisco live adjacent to market street and the tenderloin and south of market, in the civic center area. this street of market street is also home to five of the top ten highest injury intersections in all of san francisco. we could not have done this project without the support of a broad array of community organizers who helped us along the way, and among those, i would like to introduce jodi

maderos of walk san francisco. >> i am jodi maderos, director of walk san francisco. i walk this street every day, and for years, we have known that it's one of the most dangerous for people, and today is very exciting because that is about to change. i'm here to say thank you to the partners and particularly, the city's leaders that we have seen and heard today and all of the city departments and agencies who have made this vision of a car-free market street come true. thank you for adding san francisco to the list of leading cities around the world with car-free spaces. thank you for showing that san francisco is willing to take bold action for our city's

future and for the planet. mo in 2019, oslo, norway, zero people were hit and killed in traffic crashes, zero. a huge reason for that is that they have taken bold strides to putting car-free spaces and reducing traffic in our downtown corridor, and that is exactly what market street is about to do. we invite our city's leaders to take more action, bold strides. valencia street, j.f.k., embarcadero. let's think bold where we can put more car-free spaces in our city, all the way to vision zero. thank you so much. [applause] >> thank you, jodi. as san francisco grows, our

streets are not getting any wider, and the challenge becomes how to ensure our streets better move more people. i believe this morning from my own informal counts that market street has moved more people this morning than it has on any normal weekday since the middle of the 20th century. i'll need to verify that, but those were my counts this morning. morning importantly, as i was riding my bike up market street this morning, something struck me that was utterly extraordinary. not only was the ride more pleasant, but i struck up five conversations on the street, in the street, on my bike, with people i wouldn't have otherwise been able to interact with because i would have been afraid of being pushed out of the way by an uber driver. the changes to market street in san francisco i think will not only allow us to move more people but change the stability of san francisco.

and this work also would not have been possible without another one of our key organizations, the san francisco bike coalition. >> thank you so much, director tomlin. it is a beautiful day to ride a bike in san francisco today. i want to extend a sincere thank you to mayor london breed. this decision is going to help save lives in our city. thank you. and thank you to supervisor matt haney for supporting the district where you live and i live, as well, and the many safety improvements in your district. director tomlin and the staff at the m.t.a., i know you are working hard to pull this off, the rally, and finally, i want

to thank all members of the san francisco -- our members of the san francisco bicycle coalition who have been fighting for decades to see this day come to pass, yes. [applause] >> today marks a new era for san francisco as we celebrate san francisco's largest car-free space on market street. and by creating that right here on this thoroughfare, san francisco is sending a message that by improving travel for people bicycling and walking is at the heart of achieving vision zero as well as our climate goals, and from today forward, it will be at the heart of our city. now cities across the country and perhaps around the world will be looking to san francisco to see what's possible, and we will lead the way with the further physical transformation of market street, which we expect to break ground sometime this year.

this leadership doesn't have to stop at market street, as you've heard. from the embarcadero to j.f.k. and golden gate park and streets around the tenderloin, we in the city can continue to make bold action when it comes to encouraging more people to walk and ride a bicycle. so i look forward to the day when every neighborhood in our beautiful city enjoys safe, accessible and liveable streets. for now, however, i'm excited to get on my bike and ride, and i invite you all to come pedal with me. thank you very much. [applause] >> thank you, brian. as i was out this morning, talking with our bus operators and traffic control officers, they were all excited to see

this change, a change that will make it easier for all san franciscans to get around. it will also make it easier for our glorious street cars not only to achieve better mobility but for people from all over the world to see the mobility. i owe a debt of gratitude to the head of market street mobility, mr. rick lasher. [applause] >> madam mayor, director tomlin, supervisor haney, director mcguire, who had a lot to do with this, and all of the officials, thank you very much for your leadership and your persistence. as the mayor says, it takes patience in san francisco, but we're being rewarded today. more than 150 years ago, rail

transit came to san francisco in the form of a steam train, and then it was a horse car and then cable cars, and then since 1906, electric street cars. i was born after 1906, but not by a whole lot, and i grew up on market street in my families delicatessen on market and grant. i can tell you in six decades and more of experience on market, this is going to be the best market street of my lifetime, and thank you all for making it happen. we are very proud to help keep the past present for the future of market street through our nonprofit, which is muni's nonprofit preservation partner. starting today, the street cars and buses will get riders to their destinations faster. they'll make it safer for bicyclists, pedestrians, and scooter users, too. we're proud to have been long time advocates for a better

market street, and we congratulate everybody. thank you. [applause] >> please join me in one final round of applause for the staff people who made this work possible. most particularly, the director of sustainable streets, tom mcguire, who was interim director and was actually responsible for making much of this work happen, along with director of transit, julie kirschbaum, and all of the folks in the traffic sign and paint shop, and p.u.c., and the police department, all of whom came together incredibly rapidly to make this happen. thanks them. they're the ones who made this work. and meanwhile, i want to thank all of you for joining us to celebrate a truly better market street, and now, i get to cut a ribbon. i'm so excited about this. thank you. >> the hon. london breed: all

right. here we go. five, four, three, two, one! [cheers and applause]

morning, everyone. the meeting will come to order. this is the january 29, 2020 regular meeting of the budget and finance committee. i am sandra lee fewer, chair of the committee. i'm joined by supervisors mandelman and dean preston. our clerk is ms. linda wong. i would like to thank sfgovtv for broadcasting this meeting. madame clerk, any announcements? >> clerk: make sure to silence all cell phones, complete speaker cards and documents to be included should be submitted to the clerk.

items acted upon will be on the february 4 board of supervisors. >> item number 1 is resolution approving a second amendment to the grant agreement between the city and institute on aging for the community living fund to increase the amount of the grand by $1 million not to exceed $11.6 million, with no change to the term. >> supervisor fewer: thank you. colleagues, today we have sandy from the department of disability and aging services. colleagues, you may remember this was continued from last week. we approved some amendments that were substantive, so we needed to bring it back, wait a week. so we heard the presentation last week and if my colleagues, any comments or questions on that? let's open up for public comment. any members of the public want to comment on item number 1?

seeing none, public comment is closed. i would like to move this to the board with positive recommendation. >> clerk: the legislation itself has passed. the current amounts, though, there is no need to amend this. >> supervisor fewer: perfect. thank you very much. can you please call item number 2. >> item 2 is a resolution approving authorizing the amendment of an existing lease with turk and eddy in what is refinance 100% affordable 82-unit multifamily rental housing development and authorizing the director of property and the mayor office of housing and community development to execute documents. >> supervisor fewer: is it holly faust? thank you. >> yes, i'm here to gain approval for the amended and restated ground lease.

the original ground lease was executed in 2009. this amended and restated ground lease is a requirement of the project sponsor's new refinancing, not financing with the city. there are no changes in the financing with the city. there is no new funding from the city on this. the terms of the ground lease remain the same, 55 years with a 44-year extension. planning has waived their review and approval for this. there is no general plan referral required because there is no financial impact and no change to the property with the ground lease amendment. the ground lease amendment is consistent with all of the policies and other ground leases for affordable housing approved by the board of supervisors. >> supervisor fewer: thank you

very much. >> thank you for your attention. >> supervisor fewer: thank you. there is no report on this. any comments? from my colleagues? seeing none, let's open up for public comment? any members of the public, seeing none, public comment is closed. i'd like to move this to the board with a positive recommendation. take that without objection? thank you. item number 3. >> item 3 is a resolution declaring the intent of the city to reimburse certain expenditures to submit an application and related documents to the california debt limit allocation committee to permit the issuance of residential mortgage bonds not to exceed $61.6 million for 55 mason street. >> supervisor fewer: thank you very much. and caroline mccormack. >> good morning. i'm a project manager on the

acquisition and preservation team at mocd. i'm here to present on the proposed bond issuance for ambassador hotel. the purpose of the resolution is to approve the hearing the city conducted on january 6, 2020, in order to comply with the federal tax equity and financial responsibility act for ambassador hotel and ratify and approve other actions to make the bond possible. including submittal to secure allocations of bond for the project. the proposed issuance would be conduit financing and would not require the city to pledge repayment of the bond. the ambassador hotel consists of rehabilitation of the building. all of the units are single room occupancy units. the project is