in the return more meeting of january 19th 2023 at this time. um i will start as vice president and wait. we're expecting president supply any moment, but um, album, turn it over to the board secretary. pleased to, um do the introduction and notifications. very good. good morning and welcome to the retirement board meeting. this meeting is being held in hybrid format with the

meeting occurring in person and live on s f t v. before we begin . i would like to remind all individuals present and attending the meeting in person today that all health and safety protocols and building rules must be adhered to at all times. failure to adhere to these rules and requirements may result in the removal. from this room. we appreciate your cooperation with these important rules and requirements in the interests of everyone's health and safety. there's also note that hand sanitizer stations are available throughout the building and at each elevator and mass are available upon request at the front desk. we will take roll call commissioner bridges. the bridges were taking roll call. present. mr driscoll. mr gandhi, president. mr halphen present.

present supplies on his way. mr stansbury is absent and commissioner thomas present. thank you. we have a quorum. thank you. um madam secretary kim cold. next item, please. item number two communications. we welcome the public's participation during public comment periods. there will be an opportunity for general public comment at this meeting after closed session and there will be an opportunity to comment on each discussion or action item on the agenda. each comment is limited to minutes. public comment will be taking both in person and remotely by video or call in free child. um, the board will take public comment first from people attending the meeting in person , and then people attending the meeting remotely. comments or opportunities to speak during the public comment period are available via phone by calling

for 15655. access code 2489272. and found them found again. when connected. you will hear the meeting discussions, but you will be muted and then listening mode only. when your item of interest comes up press star three to be added to the speaker line. practices are to call from the location, speak clearly and slowly and turn down your tv or radio. please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against city employees and others during public meetings and will not be tolerated. moreover, public comment is permitted only on matters within the jurisdiction of this meeting body. we thank you for joining us. mr alphen. thank you. amanda, secretary. there is no. we're coming after communications. can you call the next item? yes i remember three

action item review and approval of january 2023 board resolution to continue to meet in person, with some members, possibly attending remotely for at least 30 days pursuant to california government, so put section 54953 e e. thank you. can you also read the action item? action is to adopt the january 2023 resolution recommending the retirement board continue to meet in person, with some members, possibly attending remotely for at least the next 30 days, adopt findings under new state urgency legislation codified government code section 54953 e a. b 361. including that the state and the city remains in a state of emergency to the covid 19 pandemic and conducting meetings of the retirement board and its committees in person without allowing certain members of this body to attend, remotely

would present imminent risk to the health and safety of certain attendees to covid 19. and providing that all meetings of the retirement board and its committees will provide an opportunity for members of the public to address the body and will otherwise occur in a manner that protects the statutory and constitutional rights of parties and the members of the public attending. and the meeting in person or via teleconferencing. it's emotional was made by the chair. um is there a second 2nd 2nd and by sure, thomas. we'll take comment. public honor. thank you. callers if you have not every already done so please press star three to be added to the queue for those already on hold. please continue to wait until the system indicates that you have been muted. moderator. do we have any colors on the line? madam secretary. we have

no colors on the line. thank you here, no calls. public comment is now closed. okay from motion made by the chair and seconded by commissioner thomas. i'm secretary will have a role called thank you, commissioner bridges. by mr drizzle. hi. mr gandhi. i mr halphen. i and commissioner thomas hi. thank you. we have five eyes motion passes. had one. this one. this covid thing mandate stuff that gets rid of two pages of script. okay homosexual. you want to call him next item? i didn't know. item number four closed session. okay? so we will, um. you get a motion to go into

closed session? no. we are going to go to close session and, um, there will be. how long do you think we have an allocated an hour. an hour. okay, so we'll reassemble in an hour. and all commissioners. we should go back now to the closed session and. we are back in open session. roll call commissioner bridges. >> present. >> thank you. commissioner driscoll. >> present. >> commissioner gandhi. she has not arrived back yet.

du say commissioner heldfond. thank you. >> president safai. >> present. why commissioner thomas. >> present. >> we have a quorum. i'm back. >> thank you. commissioner gandhi. we have a quorum. okay motion in order to vote to disclose the discussion in closed session aurnd the code section 67.12 a. can i have a motion? i move we do not disclose. >> second. motion by commissioner bridges and seconded by commissioner thomas. before we take the vote take in person public comment.

>> no in person comment. madam secretary open the phone lines. >> thank you. >> callers. if you have not done so press star 3 to be added to the queue. >> do we have callers on the line? >> there are no callers on the line. >> thank you. public comment is closed. great. public comment is closed. there has been a motion and seconded by commissioner thomas. call the roll. >> commissioner bridges. >> aye. >> commissioner driscoll. >> aye. >> commissioner gandhi. >> aye. >> commissioner heldfond. >> aye. >> commissioner safai. >> aye >> commissioner thomas. >> thank you, motion passes. >> okay. let's see. i guess we go to general public

comment. >> yes. >> yes. item 5, general public comment. >> um. seeing no in person comment. can you open up the phone lines. >> thank you. reminder to callers press star 3 to be added to the queue. moderator, do we have callers on the line. >> there are no callers on the line. >> thank you. public comment is now closed. >> great. call the next item. >> item 6. action. approval of the minutes of the december 15, 2022 retirement board meeting. >> move to aprove minutes. >> is there need for a presentation on that item. >> nope. >> second. >> adopt minutes. why a motion made by commissioner heldfond for

approval of the minutes of the retirement board meeting seconded by commissioner bridges. take public comment before we take that vote. why no in person public comment. please opening statement phone lines? >> thank you. reminder to callers to press star 3 to be added to the queue. moderator, are there callers? >> there are no callers on the line. >> thank you. there are no calls. public comment is now closed. >> a motion by commissioner bridges and seconded by commissioner heldfond. call the roll. >> commissioner bridges. >> aye. >> commissionering driscoll. >> aye >> commissioner gandhi. >> aye. why commissioner heldfond. >> president safai. >> aye. >> commissioner toms. >> aye >> we have 6 aye's. motion pass. >> wait a minute the next item.

>> item upon 7 action item consent calendar. >> wait. looks like well is a motion. move to approve. >> second. >> so there has been a motion to approve the consent calendar by commissioner heldfond and seconded by commissioner thomas. before we take a vote, madam secretary, take comment. first in person seeing no in person comment. open up the phone lines. >> thank you. callers if have you not done so, press star 3 to be acided to the queue. are there callers on the line? >> pladam secretary we have no callers on the line yoochl thank you. public comment is now closed. >> great. >> please call the roll there is a motion made by commissioner heldfond and seconded by

commissioner thomas. >> commissioner bridges. >> aye. >> commissioner driscoll. >> aye. >> commissioner gandhi. >> aye. >> commissioner heldfond. >> aye. >> president safai. >> aye. >> commissioner thomas. >> aye. >> thank you we have 6 aye's. motion passes. >> wait. call the next item. >> item 8 action item. approval of refinements to spurs policy statement and guidelines and manager monitor policies. >> okay. presentation by? is that you madam cio >> commissioner heldfond, [inaudible] [cannot understand speaker]. >> investment city map. last week.

some personal comments -- i'd like to make in terms of the way it proceed and hopefulfully a templet for other committees that continue what our workmanidate is. that -- it is just a lot of paper. and i commend our new [inaudible]. cio/ceo. [inaudible] the way they presented the subject at hand. for us to deal with. exactly it it is rather like -- and -- it is rather historical. the rots got -- goes way back. and -- the result of the what we will talk about today is while

it was -- wrapped in history. so to speak. which was. sometimes hard to do with. have new commissioners that are working like this. and we have other [inaudible]. and [inaudible] the [inaudible] and alison to modernize it clarity by clarity and transparency, which is the ends result and we will get alison will present that. i what i like about it is that it -- okay together and -- educated -- this is not -- the

changes are not substantive, that will be continued in the rest of our [inaudible] the rest of the year when we address the actual under lying >> investment allocations. so, i think the [inaudible] the whole and as the meeting and [inaudible] and responding to alison [inaudible]. [hard to understand speaker]. we have taken a monumental of historical documents and come out with a -- recommended changes that are for clarity and transparency. and not doing -- [inaudible].

alison. >> commissioner heldfond, i also want to thank the committee for your thorough review of the] cannot understand speaker] >> i think together [inaudible] to clear to comp upon hencive and current guidance investment policies so that staff is on the same page with the board in terms of what the directives are and how we investment [inaudible] >> so again thank you for the [inaudible] i think today we have an opportunity to evolve our processes here. we are asking for today is your approval of the [inaudible] to

guide our investment [inaudible] [inaudible] [inaudible] [inaudible] all the asset classes with the exception of our [inaudible] class we will come back with guidelines there that are parallel the guide lines putting forth the other classes have not prevented that [inaudible] the guidelines were [inaudible] and we wanted to [inaudible] not delay the process in getting this through. a way to be clear [inaudible] the investment policy statement. [inaudible] that absolutely applied [inaudible] and absolutely turned operate under the current guidelines and under if approved this [inaudible]. since the investment committee as a whole [inaudible] will

highlight what we have changed based on the investment committee provided in the last week. there are a number of items that had added. first was added the plan level of constraints and the constrabts we put in the document are the same we [inaudible] and part of a report discussion. second, [speaker muffled, hard to understand]. we have a manager on the under review list because a performance [inaudible] not performing outside of expectations and not doing anything different. under performing because it is a

market environment [inaudible] in that case, have the ability to allocate a capitol plan [inaudible] viewed as a good decision to generate return that has been in there and should do that would be conveyed. the next point we add in the and whereof to staff. connection with qualifying how we design risk and consider guard rails. i think it is an excellent point and go hundred in hand with the discussions we will have the az

set liability study and the importance of the topic [inaudible] we recommend that be addressed through the future investment committee and board [inaudible] have guard rails in we can enhance those as needed based on the outcome of liability in the study. >> those are the key points. i [inaudible] an opportunity for to ask questions [inaudible] address your questions you may have. >> any questions issue commissioners? commissioner driscoll. >> i look forward to voting for the draft proposed. i want to make 2 major points and the motion is made i will ask for a small amendment.

sending us again. the way it was broken up and those changes that are eliminated in the direction. 1, 2 and 3 on the memo the changes put in thank you. thank you for adding the changes. under review adding capitol that was tricky to read i had to read this many times i support it but made sure the words reflected when we agreed on. thank you. item 4, we have a lot of work in the return and total portfolio that will be a better time to make additional items like i -- my issue there the definitions have risks. i will wait until the motion has been made. >> what? what was the last thing you said? you wait to what? >> i want to make an amendment.

proposer of the motion cannot make an amendment to their motion. i'm holding that. [inaudible]. >> can i comment? >> sure. >> i personal low this is personal. i showed what i believe the board has to deal with they [inaudible] instead committees structure. that [inaudible] this is a good templet. i have to call out joe. joe, is a part of history we are luck tow have. and alison coming on board as a new person with a [inaudible] good past. and the 2 with those 2 there is [inaudible] this board member that the this is the -- this subject has been dealt with. really. well.

the staff is just a think it has taken a big step forward. so. i just [inaudible]. thank you. >> it is really nice. >> [inaudible] commissioner thomas? >> thank you. i wanted to express my gratitude to commissioner heldfond and to staff for all of the work y'all have done. in the preparation of this document. as a new commissioner who was absorbing the information as we reviewed changes made. it was helpful to have both commissioner heldfond and the staff education on it and that and going through the process i agree with the commissioner that i think that is a good way to pursue work general low and saw the results with this. >> okay. >> thank you. >> make a slight amendment?

we put i motion in. >> a motion? >>ip don't think it is promote. >> commissioner brurjs. make a motion? >> commissioner brirjs. turn your mic on. >> i move this we adopt that recommendation for approval of the [inaudible] [inaudible] [inaudible]. [inaudible] >> great. >> thank you. second? >> second. >> commissioner thomas? >> so need to take public comment. >> go ahead, commissioner. >> make an amendment to the

motion. amendment [cannot hear speaker]. upon changes would be in the investment policy statement which is item 4 if you follow the packet. but the amendment then i will explain it. under investment goals we will see item 3 be to change the legislate to add and there by add value as the total fund level. the way the clause would read now reads exceeds the bench mark based on allocation policy and asset class component upon bench mark overruling 5 year period. that's the way it it is now. i'm recommending adding. and there by add value at the

total fund level. the first amendment. the second one, this is the capture [inaudible] under duties of the investment staff, one duty is carrying out rebeens activity. i wish to add the clause within and across clatsdzs including leverage to reduce risk return add value and maintain allocations within guard rails. all in accordance to the policies in this document those other 2. and i will explain the second. yes. do you have a response to that? >> the language that they suggested is consistent with sxroesz what we do is adding

language to clarify that. so certainly in our effort to exceed the policy bench mark adding excess percentage return. if we do that, we will be adding value of the total fund level. why you are okay. >> that change and likewise with the other change it is how we rebalance the [inaudible]. >> okay. >> did you have anything else? >> she is in agreement with that. everyone is fine du want to add. gi would, to show more things. i did ask romachineo to help with wording one it did not conflict with what has been done and also understood. she mentioned clarity. if you have clarity in the decision make process it has to start with clarity in the rowel s and rolls royce. the issue addings value i asked

to be added is not just about hitting the bench mark and meeting returns butt concept. other on the value we don't control. i want to make it understood that there is a reason why we are investing and taking on risks. adding value. that is a decision policy. you will hear decision quality not today it is different that adds to governors when they talk about that. that is why i'm proposing the 2 amendments yoochlt good to know you did if in partnership. helpful [inaudible]. motion. gi think, yes , i think what you say is you want to put forward approve the management monitor policy inform as amended.

>> yes. made by commissioner bridges and seconded while commissioner. >> second. >> thomas. >> before we do roll call will we will go to public comment. seeing no in person public comment. can you open up the phone lines? >> thank you. remiamieder to callers to press star 3 to be added to the queue. moderator, are there callers? >> we have no callers. >> thank you. >> no calls, public comment is now closed. >> okay. >> so motion made by commissioner bridges and seconded by commissioner thomas. as amended. call the roll. >> commissioner bridges. why aye. >> commissioner driscoll. >> aye. >> commissioner gandhi. >> aye. >> commissioner heldfond. >> aye. >> doing a good thing here. >> president safai. >> aye. >> commissioner thomas. >> aye. >> thank you we have 6, motion

passes. >> in you want to -- president safai is taking -- take care of something. >> so. okay we have the motion passed we will move call item 10. >> item 9 is next. >> 9. >> yes. >> sorry. >> item 9, discussion item of chief investment officers. >> [laughter] sorry about that. >> efficiency. >> right. >> okay. thank you, commissioner heldfond. >> i'm [inaudible] [cannot understand speaker].

where i wanted to have a quick snapshot for upon 2022. met monthly and know it was not the prettiest pictures included in the [inaudible] you know

but it is you see [inaudible] market is not there why it is hard to do it and being short term does not make sense we get the [inaudible]. they have individual managers that take care of the things but we will not do that on a larger level. >> performance calendar year to

date for the total and this is an estimate, i emphasize this they are an estimate. we have lag numbers and make adjustments estimated number is down. you see improvements reports that the diversification benefit of having in private having [inaudible] correlation with fixed income and public equity. >> end of the year 32.6 million. i will skip ahead to an update on the initiatives. may be with the slide identical to the [inaudible]. i was in the sure i was able to present i wanted go through this. because it is important in individual manager selection is important. how structure is important the

strategic initiatives is equal low important. i want to highlight a few things we are working on. focused on utilizing technology to enhance information and data sharing we will implement a system this year to better manage our data. and in relationship to building and working with the managers. and last our system tos collaborate, share ideas and share the investments and in that nature to make sure we are talking across the classes. and all of those are things that are incorporated as we think about our budget. for the coming few years. >> second low [inaudible] process. i shared cases that introduced cio review earlier in the

diligence process the team generates [inaudible] sometimes [inaudible] comprehensive. an opportunity for other members of the staff to review the work that is being done and comment to the board. an opportunity to say we have issues and due dill yens and focussed on and make sure we have an opportunity to review that in advanced and we issues. . >> and -- and will it is decisionmaking. at the end and we are looking to make sure timely operations due diligence. and something that we were also incorporating in what we consider our markets.

>> and you know about that of and we ask that the guideline. condition to evaluate the things that would have focused on in the past. [inaudible] making sure current market conditions and based on expectations of future market conditions we have a measure there. we are focussed on recruiting and retaining talent. we have [inaudible] thank you for the support in -- and the head count to fix resources. [inaudible]. and finally on the slides i have been working with the [inaudible]. [inaudible] the pandemic, travel

is coming back. and it is very important for our team to have the flexibility to be on the move and do on site due diligence to attend conferences and get best ideas, exchange ideas. with peers, et cetera . so -- we are [inaudible] about traveling. we upon spend the monwhen he we need to but the money and that is part of our duty selecting a manager and [inaudible] [inaudible]. i think we got probably update on the investments unless there are questions. >> i have a question. >> in our quest to use technology and enhance that process, all the process updated

management. how much do we rely on the city and d it? right? and how much interim. >> um -- >> it is a good relationship platform tools microsoft product and others to benefit [inaudible]. with respect to specific related to investments [inaudible] [inaudible]. >> thank you. >> thank you. i have one question. you mentioned the searches that are running regarding adding offers to a listing. the position that i believe we approved a managing director for the director investing, is that

under way? >> is that included? >> it is [inaudible] that is added here we are evaluating the prior plan had been to have a separate [inaudible] i think we had the ability to be successful. within our [inaudible] and you have that can both work on [inaudible] and work on the [inaudible] upon investment. experience to [inaudible]. but the objective is not necessarily have a specific [inaudible] dedicated to [inaudible]. [hard to understand speaker] a

request from the staff side to do it. 10 positions? >> 5. >> staged, 5, 3 and 2. there was a plan. that has been partially altered?

>> focussing on that one position. that's why i asked. >> [inaudible] of the organization and the investment statement. so [inaudible] the decision [inaudible] but i think [inaudible] good decisions with respect to [inaudible] [inaudible] [inaudible] make good decisions. >> thank you for this explanation. >> [inaudible]. i will piggyback on that, i'm glad that we made the recommendations and approval for staff and you feel comfortable where we are. what about on the consulting side you have the support you need on the consulting side?

how is this working being on board at this point? do you have the support you need? >> um -- first if [inaudible] giving the [inaudible] to be able to [inaudible] on the consulting my experience that -- different perrise to put together the best interest of the plan and we have that here. working relationships with all our consultants. you know, you make the decision to go ahead and forward the search for general consultance and up with the [inaudible]. may be it is to [inaudible] take an opportunity to search process to the landscape. we have the resources we need and the support. >> that's important.

thank you. >> okay >> okay. [inaudible] i will get in the record the update on the board approved investment. so as december 15, 2022, the board approval and investment up to 75 million in excel partners [inaudible] investment was approved and excel k k r closed on december 16th. next, at -- in our [inaudible] the board approved in full session a commitment up to 50 million. capitol partners [inaudible]. commitment of [inaudible]

[speaker muffled] on november 17 of 22 the board approved [inaudible] and opportunity, too. the v. 50 million [inaudible] on december 30 of 22. classified opportunity they are private [inaudible]. and finally [inaudible]. november 17th of 2022 the board approved investment [inaudible] >> by the san francisco investors [inaudible]. 21 in on january 1, 2023. a global microinvestment.

and that concludes my remarks for the report and unless there are additional questions. >> any questions? if not this is discussion item so we will not have public comment. call number 10. >> we need public comment. >> right. >> we have no -- no in person public comment at the time. reminder to callers press story 3 to be added to the queue. moderator, do we have callers on the line? >> madam secretary, there are no callers on the line. >> thank you. >> public comment is now closed. >> call number 10, please. >> yes. item 10. discussion item. san francisco deferred compensation plan manager report. >> good afternoon, everyone. i'm steve mill are i'm the

deferred compensation program manager. i will fill in for diane. diane will present the report during next month i wanted provide you with updates. the first is the stable value credit rate. the annualized credit rate for the stable value fund of 23 is 2.56% which is a 35 point increase from the 2.21%. with the on going rise in interest rates the stable value rate increasing for 4 straight quarters. next thing was the secure act 2.0 on december 29 biden signed in law as part of the appropriation act of 2023. first secure act was sign in the law in 2019. and that act increased the required minimum distribution

from [inaudible] and also updated [inaudible] beneficiaries and offered provisions for in service [inaudible]. the secure act 2.2 've expanded by further extending the divisions and created additional optional dill vigsz. i want to mention a now that were applicable to the [inaudible]. the regarding the distributions in 2023 the age will increase from 72 to 73 then 75 in 2033. starting in 2024, the roth acounsel will not be subject during the lifetime. which allows the individuals for [inaudible]. updates from reduce the [inaudible] and update the rowels for beneficiaries. and that includes optional divisions for contributions and in service distribution in the

plan. >> amendments to satisfy the secure [inaudible] the adopting no later the end of 2027. also xepdzed the dead lines for the original secure act and the care's act so they coincide the end of 2027. starch attended secured 2.0 [inaudible] and another one from [inaudible]. we are waiting guidance from the irs regarding language that require clarification. in the upcoming weeks, we will have further discussions with boya and [inaudible] to obtain more on the act and how to implement the [inaudible] in the plan. once you receive this information and verification we will provide an indepth report. more to come on this. where lastly, we provided the

[inaudible] report for november of 22. . next mont we will provide the full 22 end of the year report of the i did want to share end of year statistics. from the initial reports the number of participates with a balance contribution dollars and roll overs increased year over year from 21 to 22. also increased over 14% year over year attributed to the gradual return of employees back in the office. we will have more with the next month when the final [inaudible] is available. >> those were the main highlights i wanted cover. if you have questions let me know. otherwise, thank you for the time. >> questions from commissioners? >> okay. thank you for your presentation.

take public comment. >> thank you. we have no in person public comment. at this time. remindser to callers press story 3 to be added to the queue. moderator do we have callers on the line. >> we don't have callers on the line. >> thank you. hearing no callers public comment is closed. >> next item, please. >> item 11, action item presentation of june 30 of 22 staff 67-68 report.

>> good afternoon. june 30 of 2267 and 68 report. built our own financial disclosures and the sponsors the city and county. this report has no impact on the [inaudible]. [inaudible]. sit down. am [inaudible] scent and 68 [inaudible] are to improve financial reporting by state and local pension plans approximate sponsors. consistent and disclosures and schedule the supplementary information. ask the board sept report. >> i'm happy to answer

questions. >> commissioners? >> i move adoption to sept report. >> second. >> commissioner driscoll and seconded by wait. go ahead. >> i like to ask a question about the report. >> yea. >> do you plan on telling us more about it. jury room that is optional to the board. why okay. of because pilisten to the audio version last might and suggest that some of us will not do that today is it technically possible to add that audio 4 minutes to the minutes? so in case the publicments to look up. the report is difficult to read. but with the audio presentation explaining the points it is

useful. >> that is a question. >> [inaudible]. a link? yes. >> yes. >> the document is on site. [inaudible]. do that. >> thank you. >> i can do that. >> it has been moved by commissioner driscoll and seconded by commissioner bridges. you want to take a role call? >> public comment. >> i'm sorry. >> we have no in person comment at this time. reminder to callers press star 3 to be added the queue. are there calm callers to the line. >> there are no caller. >> public comment is now closed. >> just for everybody's information my failure public comment on agendas guess back 20 years.

[laughter]. all right. >> let's call the chief report [inaudible]. >> no. [inaudible]. >> roll call vote. >> okay. >> commissioner bridges. >> aye >> commissioner driscoll. >> aye. >> commissioner gandhi. >> aye. >> commissioner heldfond. >> aye. >> commissioner safai has not returned. commissioner thomas. >> aye. >> thank you we have five aye's motion passes. >> thank you. >> call the next item, please. >> yes. item 12 discussion item update on 2023 committee schedule. >> commissioner. >> please. i have a [inaudible] agenda item update on the progress on committee meetings. i wanted keep it [inaudible]. assign everyone or [inaudible] making progress and getting

meetings scheduled. we discussed earlier had a productive investment committee meeting. we have progress we can continue to make. but the government committee on the calendar. and our policies are [inaudible] that would be an important task at hand for the committee. >> we [inaudible] the meetings scheduled the second half of the year i focussed on the first half of the year schedule for the items that required your attention. and would like to highlight 2 meetings. the personnel committee meeting and the budget meeting and the budget meeting is important because we need the operational committee to approve that so it goes to the board for approval and get that done in advance of when we submit to the city. i emphasize because the committees are small and so [inaudible].

of tell be a conflict or issue or or we will not be here in person i ask the member to community that to us. as early as possible. and committed to trying to get them on the calendar as far as in advanced so you can plan. so, i have included the new format and internal low hopefully it is helpful to you. [inaudible]. >> thank you. >> i'm sure i'm looking at commissioners safai. -- encourage everybody when we get the requests to which fill out the proper -- name, time, date we all have it in timely approximate quickly and commit to doing it. and i will just fill out the investment committee the way that went. down as a templet that hopeful

low we can have to do and turn it out like we did with investment committee. >> okay. any public ment on this. >> thank you. >> we have no in person public comment at this time. reminder to callers press star 3 to be added to the queue. moderator, do we have callers? >> we have no callers on the line. >> thank you there are no callers, public comment is now closed. >> i have a comment about the committee schedule. >> yeach >> i'm not the chair of a committee which is okay. a request make. -- make it better for me if the mittees were in the week following the board meeting because we do it the second and fourth week it breaks update month it makes me awkward to do other things. >> thursday is new i don't know

how long tell continue. spags the meeting make its awkward to do planning with travel. that's a request. the others will have to. when whether or not that fits in with the preparation for the meetings done by staff. not trying to change meetings now. we have alegality of other committee meetings not yet scheduled. that is a request. >> can you locate the [inaudible] make sure you are -- [inaudible]. >> repeat the process [inaudible]. subject to the other. >> that's a committee meeting would be the week before or after the full board meeting. >> and will do take into account staff ability to meet the dead line and get this to you. the meetings that have been on the calendar and scheduled, a

variety of options and that has landed on the calendar where we can get a quorum. take into account and other board members reference and scheduling going forward. why thank you. >> all the more important if we respond when we are asked by the staff as to what our preferences are or ability to [inaudible]. okay. >> thanks. >> thanks. i'm sure that will be take into account. >> okay. so -- we are at did we take -- public comment? >> we are on item 13. >> please. >> item 13 discussion item chief executive officer's report. >> a couple of items to share.

i think it is in the discussion earlier to [inaudible] put together the board materials to facilitate your [inaudible] separating the documents [inaudible] will figure that in a way that is not [inaudible] helpful for you so we have feedback or want things roach out to [inaudible]. so a reminder blackout period for 3 stijs. the [inaudible] [speaker muffled]s i want to turn it over [inaudible] changes with the ability to meet virtual and in person. >> yes.

thank you. romano. good afternoon, commissioners. for -- okay. 3 years we have been operating under special rules for policy bodies by the pandemic. the governor declared a state of emergency on march fourth of 2020. that state of emergency is going to end on february 28, tent 23 and we anticipate that the mayor's emergency orders pertaining to covid will for the most part sunset on that date that means as of march first, the board will be operating under rules very much like had they were before covid. will be required to attends in person. we will not have exceptions available. such as membership in a vulnerable population.

so -- there are a few exceptions this will apply for committee mite meetings. they are narrow. and can only be used twice a dwreer. i will be circulating a memo if you have not seen the details and the changes that will be in affect on march first. and once you had a chance to review that memo i'm happy to answer questions you may have. >> at any other meeting that we are having, not this [inaudible]. >> well, so we would not need to do this hybrid meeting format unless somebody is remote. under one of those narrow exceptions. if this happens we permit remote public comment and would be in the setting againful i don't anticipate that would happen often with full board meetings

exceptions are so narrow. may come often with committee meetings. >> okay. question. can you tell me the date when the sun sets? i did not catch that. february 28 of 2023. as of march first we are under the new rules. >> thank you. >> sure. >> we'll be back to the sfgovtv operating and recording all our meetings. i imagine it would be the case. have you heard anything. where we will work through. >> i think -- i would imagine we have to. >> one thing that is normal. >> we go back to how we operated before. >> before. >> before covid. again somebody has an anywhereo exceptions and find that somebody is remote, we would be back in the hybrid format for

that limited meeting. >> the law was about the recording why we put our meetings on sfgovtv. i think it was an exemption. we will figure it out. >> there is a cost. >> [inaudible]. the ceo regarding the services blacked out. parts 2 and 3. the general consultant and -- public market investment consultant. the rfp is closed? correct? and staff. when will they be viewable and the rowels about they can be viewed in site. can you view them before staff makes recommendation. >> if i may get back to you. [inaudible] >> okay. >> thank you.

>> okay. on the ceo report? nope. >> okay. any public comment in >> thank you we have no in person comment. >> reminder to press star 3 to be added to the queue. moderator, do we have callers. >> there are no callers on the line >> thank you. public comment is closed. >> okay. want to call the item. >> item 14 discussion item. board [inaudible] executive order [inaudible]. >> commissioners have any comments? >> requests. or order items? >> okay.

we shall adjourn. do we have public comment? >> we have no in person comment. >> mod rartd, there are callers? >> madam secretary, there are no callers on the line. >> thank you, public comment is now closed. >> thank you. >> you want to call the item already. >> item 15. >> adjournment. >> great. thank you.

>> my name is alan schumer. i am a fourth generation san franciscan. in december, this building will be 103 years of age. it is an incredibly rich, rich history. [♪♪♪] >> my core responsibility as city hall historian is to keep the history of this building alive. i am also the tour program manager, and i chair the city advisory commission.

i have two ways of looking at my life. i want it to be -- i wanted to be a fashion designer for the movies, and the other one, a political figure because i had some force from family members, so it was a constant battle between both. i ended up, for many years, doing the fashion, not for the movies, but for for san franciscan his and then in turn, big changes, and now i am here. the work that i do at city hall makes my life a broader, a richer, more fulfilling than if i was doing something in the garment industry. i had the opportunity to develop relationships with my docents. it is almost like an extended

family. i have formed incredible relationships with them, and also some of the people that come to take a tour. she was a dressmaker of the first order. i would go visit her, and it was a special treat. i was a tiny little girl. i would go with my wool coat on and my special little dress because at that period in time, girls did not wear pants. the garment industry had the -- at the time that i was in it and i was a retailer, as well as the designer, was not particularly favourable to women. you will see the predominant designers, owners of huge complexes are huge stores were all male. women were sort of relegated to a lesser position, so that, you

reached a point where it was a difficult to survive and survive financially. there was a woman by the name of diana. she was editor of the bazaar, and evoke, and went on and she was a miraculous individual, but she had something that was a very unique. she classified it as a third i. will lewis brown junior, who was mayor of san francisco, and was the champion of reopening this building on january 5th of 1999. i believe he has not a third eye , but some kind of antenna attached to his head because he had the ability to go through this building almost on a daily

basis during the restoration and corrects everything so that it would appear as it was when it opened in december of 1915. >> the board of supervisors approved that, i signed it into law. jeffrey heller, the city and county of san francisco oh, and and your band of architects a great thing, just a great thing. >> to impart to the history of this building is remarkable. to see a person who comes in with a gloomy look on their face , and all of a sudden you start talking about this building, the gloomy look disappears and a smile registers across their face. with children, and i do mainly all of the children's tours, that is a totally different feeling because you are

imparting knowledge that they have no idea where it came from, how it was developed, and you can start talking about how things were before we had computer screens, cell phones, lake in 1915, the mayor of san francisco used to answer the telephone and he would say, good morning, this is the mayor. >> at times, my clothes make me feel powerful. powerful in a different sense. i am not the biggest person in the world, so therefore, i have to have something that would draw your eye to me. usually i do that through color, or just the simplicity of the look, or sometimes the

complication of the look. i have had people say, do those shoes really match that outfit? retirement to me is a very strange words. i don't really ever want to retire because i would like to be able to impart the knowledge that i have, the knowledge that i have learned and the ongoing honor of working in the people's palace. you want a long-term career, and you truly want to give something to do whatever you do, so long as you know that you are giving to someone or something you're then yourself. follow your passion and learn

how to enrich the feelings along the way. >> growing up in san francisco has been way safer than growing up other places we we have that bubble, and it's still that bubble that it's okay to be whatever you want to. you can let your free flag fry -- fly here. as an adult with autism, i'm here to challenge people's idea of what autism is. my journey is not everyone's journey because every autistic child is different, but there's hope. my background has heavy roots

in the bay area. i was born in san diego and adopted out to san francisco when i was about 17 years old. i bounced around a little bit here in high school, but i've always been here in the bay. we are an inclusive preschool, which means that we cater to emp. we don't turn anyone away. we take every child regardless of race, creed, religious or ability. the most common thing i hear in my adult life is oh, you don't seem like you have autism. you seem so normal. yeah. that's 26 years of really, really, really hard work and i think thises that i still do. i was one of the first open adoptions for an lgbt couple. they split up when i was about four. one of them is partnered, and one of them is not, and then my biological mother, who is also a lesbian.

very queer family. growing up in the 90's with a queer family was odd, i had the bubble to protect me, and here, i felt safe. i was bullied relatively infrequently. but i never really felt isolated or alone. i have known for virtually my entire life i was not suspended, but kindly asked to not ever bring it up again in first grade, my desire to have a sex change. the school that i went to really had no idea how to handle one. one of my parents is a little bit gender nonconforming, so they know what it's about, but my parents wanted my life to be safe. when i have all the neurological issues to manage, that was just one more to add to it. i was a weird kid. i had my core group of, like,

very tight, like, three friends. when we look at autism, we characterize it by, like, lack of eye contact, what i do now is when i'm looking away from the camera, it's for my own comfort. faces are confusing. it's a lack of mirror neurons in your brain working properly to allow you to experience empathy, to realize where somebody is coming from, or to realize that body language means that. at its core, autism is a social disorder, it's a neurological disorder that people are born with, and it's a big, big spectrum. it wasn't until i was a teenager that i heard autism in relation to myself, and i rejected it. i was very loud, i took up a lot of space, and it was because mostly taking up space let everybody else know where i existed in the world. i didn't like to talk to people

really, and then, when i did, i overshared. i was very difficult to be around. but the friends that i have are very close. i click with our atypical kiddos than other people do. in experience, i remember when i was five years old and not wanting people to touch me because it hurt. i remember throwing chairs because i could not regulate my own emotions, and it did not mean that i was a bad kid, it meant that i couldn't cope. i grew up in a family of behavioral psychologists, and i got development cal -- developmental psychology from all sides. i recognize that my experience is just a very small picture of that, and not everybody's in a position to have a family that's as supportive, but there's also a community that's incredible helpful and

wonderful and open and there for you in your moments of need. it was like two or three years of conversations before i was like you know what? i'm just going to do this, and i went out and got my prescription for hormones and started transitioning medically, even though i had already been living as a male. i have a two-year-old. the person who i'm now married to is my husband for about two years, and then started gaining weight and wasn't sure, so i went and talked with the doctor at my clinic, and he said well, testosterone is basically birth control, so there's no way you can be pregnant. i found out i was pregnant at 6.5 months. my whole mission is to kind of normalize adults like me. i think i've finally found my calling in early intervention, which is here, kind of what we do. i think the access to

care for parents is intentionally confusing. when i did the prospective search for autism for my own child, it was confusing. we have a place where children can be children, but it's very confusing. i always out myself as an adult with autism. i think it's helpful when you know where can your child go. how i'm choosing to help is to give children that would normally not be allowed to have children in the same respect, kids that have three times as much work to do as their peers or kids who do odd things, like, beach therapy. how do -- speech therapy. how do you explain that to the rest of their class? i want that to be a normal experience. i was working on a certificate and kind of getting think early

childhood credits before i started working here, and we did a section on transgender inclusion, inclusion, which is a big issue here in san francisco because we attract lots of queer families, and the teacher approached me and said i don't really feel comfortable or qualified to talk about this from, like, a cisgendered straight person's perspective, would you mind talking a little bit with your own experience, and i'm like absolutely. so i'm now one of the guest speakers in that particular class at city college. i love growing up here. i love what san francisco represents. the idea of leaving has never occurred to me. but it's a place that i need to fight for to bring it back to what it used to be, to allow all of those little kids that come from really unsafe environments to move somewhere safe. what i've done with my life is work to make all of those situations better, to bring a little bit of light to all

those kind of issues that we're still having, hoping to expand into a little bit more of a resource center, and this resource center would be more those new parents who have gotten that diagnosis, and we want to be this one centralized place that allows parents to breathe for a second. i would love to empower from the bottom up, from the kid level, and from the top down, from the teacher level. so many things that i would love to do that are all about changing people's minds about certain chunts, like the transgender community or the autistic community. i would like my daughter to know there's no wrong way to go through life. everybody experiences pain and grief and sadness, and that all of those things are temporary. >> shop and dine in the 49 promotes local businesses, and challenges residents to do their shopping within the 49 square

miles of san francisco. by supporting local services in our neighborhood, we help san francisco remain unique, successful, and vibrant. so where will you shop and dine in the 49? >> i am the owner of this restaurant. we have been here in north beach over 100 years. [speaking foreign language] [♪♪♪] [speaking foreign language] [♪♪♪]

[speaking foreign language] [speaking foreign language] [♪♪♪]

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>> i pledge allegiance to the flag of the united states of america, and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. >> like to take roll. [roll call] >> president elias you have a quorum. (i