president heldfond you may begin the retirement meeting of augu >> roll call, please. >> present. >> president thomas. >> present. >> president heldfond. >> present.sent. >> bridges. >> present.you, quorum, mr. president. >> thank one for the noise.wants a good humor about this vocation, need to read what happens to wamo garage right across that alley.read it because all the horns went off. >> yeah. >> anyhow, let's do the next one. >> item number 2, communications. we welcome public comment period. there will be an for general public comment at this meeting and there will be an opportunity each discussion or action item on the agenda.keis limited to two

minutes.be taken in-person and remotely by call-in.public comment first by people attendinthen remotely. comments are opportunities to speak during the comment period are available by phone then pound and pound again. connthe meeting discussions and you will be in listening mode only.item of interest comes up, be on speaker line. speak slowand turn down your computer.the city policies against the employees and others during public meetings and more over public comment within the jurisdiction of this body and we thank >> thank you. next item, please. >> item number 3 general public a reminder that public comment is limited to two minutwe have any in-person public comment?

on this it seeing none, moderator, do we have any e no callers on the queue. >> thank you, g no furred callers, public comment is now closed. >> next item please.em number 4, action item minutes of retirement board meeting. >> move to adopt the minutes of july 10th me >> second. >> thank you very much. and we'll call for public commen >> thankyou do we have any in-person public in this item? seeing none, moderator are >> madam secretary, there are no callers in the queue. >> thank you, hearing no callers, public comment is now closed. so it's been moved and seconded, all >> those opposed say nay. motion passes. next item, but all, let me first of all, this is--commissioner, you're thought you weren't? okay. go ahead.

i really just want to record of attendance of all the so far in and it makes it makes it easier to conduct our business and i really appreciate it. okay.call the next item.number 5, action item consent calendar. >> move consent calendar. >> second.you want to have--. >> i have >> sure. >> the travel request starts ich is a board meeting day, being here today? >> yes. >> thank you. >> public comment. >> do we have any in-person comment on the line?ne, any callers on the line? >> madam are no callers on the queue.

>> no callers, yellow light is closeds. >> those in favor? >> those opposed? motion passes. next item, vacancy on and approve proposed selection schedule. commissioners, this is a agenda item and it is an action item so commissioner o'connor's term expires on of the standard process, the board needs vacancy and approved a draft be shared and finalized the election team we've put in the materials straightforward but address any questions that you may have. >> any questions or comments? i wish all the luck, and if you reference, i will be happy. weyour dedication to being a good commissioner. okay.

okay, is an action item. >> we need a motion an >>econd? >> second. >> is that a declare the vacancy? >> yes. >> thank you.okay, public comment please? >> do we have any in-p seeing none, moderator are there any callers on >> madam secretary there are no callers on the queue.hearing no callers, public comment is now closed. >> okay, it's been moved and second those in favor say aye. >> those opposed say nay. >> item discussion item, chief execut >> commissioners in a moment i'll turn it over to karen to go member services dashboard. first i waof items, the forward calendar that appears in materials now goes through june of 2025. i've been working the various committee chairs to calendar the committee meeting,

we're in the finalizing the dates for our next board meeting, ittee chair reports where we'll set out the exact s as well as the topics to be covered for the year. my final comment before i turn it over to sure that you're well aware of, but all the that impact firefighters and appear on the ballot in november. and unlts there are any questions, i to karen. >> having this, this was mya commissioner in terms of gettinnumber of ballot measures that we were asdo what we do.uct, so thank staff for stepping up when we're asked to do what we do.

and also the commissioners work goes into just seeming, hey, can you do this? and.all i have to say. continue. >> you have before dashboard hopefully it's mostly self explanatory. there were a couple of items i want our online webinars extremely successful. one consistent piece we'vreceived is that we do them atme for most people to be able to attend but many people have asked if actually regard them and have them on and beginning in september and then posting them. sohopefully we'll have feedback with the next quarter two that we have recorded and measure whether we look at them in the off hours.

the other item that highlight is you notice that over 200 benefits last month between may and june.our high, high very intensive retirement time of and we are finalizing, i mean that'sto have overnted to highlight and this time of year it's extremely busy, we get a lot of requests you can see that in we processed that, i'm happy to how much time and when we go online.

>> yeah. >> i don't know the answer to that yet. when they start to record them, they have they're getting ready to do that beginningwill be probably be the most well attended.to do anytime. i assume that, from information.the webinar are pretty standard, we're providing. again, the text is not really changing.they should be there for

a long period of we're changing the text. >> like a good library. >> i don't know that. >> times speakers see themselves doing it with they realize, hey i can improve to figure out if the audience understood what >> and i appreciate that it can a learning tool for staff. >> thank you. >> any call for public comment. >> thank you, do wehave any inperson public comment on this item?reminder to any callers to please pressasked to be added to the speaker line. >> madam secretary, there are no callers on the queue. public comment is now closed. >> next item please. >> discussion item, annual review of security lending progr the fiscal year, ending june 30, 2024.

>> we'll the lending program for the fiscal year just ended in june. i'm joined by alba mart ins, who oversees efforts. the security lending ely a public market focus program.with our risk team and monitoring the program. ke, thank you for joining us, he took ht from the east coast to join us.d talk a little bit about

before i hand it over to he will ella, a few highlights which etail. our custodian,curity lending program is designed to return, again ella will return a return or how earned the last couple of years. we that return in ed income. the cash that we get, about that. we design a program flexible so if we have secum back in order to loan the proxies. a potential source of to highlight that, with that i'll turn it over to >> thank you, kirk tails and how it is structured at first. i'll ask mike to highlight market trends over ovide the board

with an update of security lending the fiscal year-ending june 30th, 2024.we have a security as kirk mentioned it first to allow incremental return in d manner. in terms of how we do that, structure at collect your attention to three. this representative sfers as of this diagram we have participant ane parties want to bar o some sfers lends the securities barors in exchange for a bar borrower fee. as kirk mentioned, the ateral is reinvested and managed in a manner with guidelines similar to the market fund. melon performs two roles in are the

mediate between the lenders borrowers and they also manage we covered some of this already. but the course ing fee that borrow as well as the income from the reinvestment of the cash collateral pool.e factors that impact revenue, the overall amouhas available to lend and how much is for those assets. this metric at a utilization percentage.ets. the drivers of demand interest rates, spreads, borrowing fees, structure elements like volatility and tom, in terms of time mitigaters in the that the borrower mig.the securities that are lent are not recalled in the timely fashion. they're relathe page 3 that covers the borrowing of

the securitiesnext risk is related to the bottom lag diagram three, the reinvestment pool.s are invested and as with any investment there is a ri to address thesea lending program with a couple key features listed on page 5. toll address the rrow or default and potential non first as a indemnification clause. to address the investment risk sfers vestment program, firstly, fully segregated innaged account and secondly, as mentioned that account is managed under conservative guidelines which are for a money market fund.of this program, include the sfers has the right to stop securities if we think it may ability to vote proxies.onal feature is the

cash release credit facilities. facilities allows to borrow from the reinvestmenttain limits. this facilities is addition it was not used during fiscal now page 7, mike to discuss level marketing trends. >> thanks alo and alo had mentioned a at factor into revenue. buzz when we look back in there were a one was volatility and the other interest ras alo mentioned, a number of good portion of the revenue, is from investing cash collateral income type fund. up the last couple of years, a change from we've been seeing, we have seeing consistent rate hikes throughout the course of the fiscal year. so what that really serves to do is raise the ceil

program and as we went through the last fiscal year, you hainto the december calendar yearof wall street participant looking to r the calendar year turn and what that served to do is wide spread that were generated by investing lagot through 131 and we into 2024, you began to see market participant start to go price the expectations that rates will come down at this year or next year.an impact on tam pg down on the spreads ailable to be earned. throughoute year around the globe, most en up, it's been a really strong year in equity but what that does for ss and volatility is a good in our business why want to borrow securities because of that volatility.seeing that, broadly there was not much so in certain pockets of securities, certain industry that have been in demand for a while. we listed

electric vehicles is one. certainly the meme stocks phenomenal gone through the year. as that happens, it continues es. so you see it in certain pockets, headline level, volatility is low which is great for the lobut the lending environment, it limits the ability for make money for you. and then, when you think about what for sfers specifically, you have a very allocation to u.s. government bond mentioned there are participants want to borrow those and the things that sfers allows us to do, we were able to take opportunities. so when you think of the sfers asset mix, thatbig driver just generally. so those arin terms of where and how the revenue came from, it back thanks, mike.

thbe six billion time the on the pool of assets, 24 basis points net evenly split between income earned rrowing fee and reinvestment revenue. on the net basis assets that were loaned about 24 basis points as i mentioned.pool of assets lending, sfers earned 5 basis points net. moving to page 8, the year over year trend of earnings from the program.earnings of 2.8 million were lower than last year but historical and expected ranges.9, we drill into the the overall suitization of 20 lower than prior years and in particular a dip

during the was driven as mike mentioned by the rallying subdued market volatility and the table on this page breaks down the program by quarter. on page 10, we break down thclause basis. the top driver of was the earnings on lending u.s. securities. our treasury had a high of almost 60 percent. the other top earner even though they had a lower te than u.s. corporate debt, we had more securities tothe this year. on page 11, we see the trend and spreads. as mike mentioned, here we see the spreads begin decline start ining january as market began tocourse of 2024 and repurpose facility. on paagain a monthly summary, this time program. basis points and the net return

on the pool of asset 24 basis points.ta on page 13, we provided a of the collateral pool. backing billion as of end of of 30, 2024, we.7 billion dollars collateral. it was split between cash and non cash. the overall pool is six a half percent eralized. moving 8mis a review of the aspect this portfolio is yielding a 5.5 and conservative manner, the details credit ity and maturity profile are listed on this page.5.5 percent yield that this the trend on page 50. while base rates movede ar, the yield on overall reinvestment

portfolio decrease came down as the because of tighter spreads. that first program update portion.it back to mike to discuss >> so the regulatory environment is a big business both creating opportunities and forcing us run our business better to respond to the various world. and there were a couple of major ones that we've been lookering at and going forward and regulatory initiatives.one that just came into affect this dtc's move to one-day which means if you sell a stock today you well if i have that on loan to sort of complicates things. so we undertoo initiative to see both improve our technology, improve our as well asup with some vair for to* make us better and fast allow us to

so that means is sells an asset that is out online. i very rarely do i have to ask borrower and ask for that back. i have more my program have them available.don't have to call on the borrows the vas majority. so what that serves to do is mainthat is security lending program should have to to your investment managers. that we saw minimum impact to date on it and i to the things that i just mentioned. another major change that we're coming in 2026, will be the mandatory clearing of u.s. treasury securities. effort to make the market safer and y in the market which is massive, the fcc proposat all trading and government securities would have to be cleared. that that we do.

so you're already have done all speaking updating the program and to to continue trading. so beyond that, there are a nuofíátools that we're building up for lenders to help with the transition.been a major area of focus for us. it's something that we knew was coming and prepared for this team has understood that as well. and has been a number of years now. a third major fcc rule 10c1 which is a, it's actually just delayed again indefinitely, but it is that is coming that willinto the security lending market. what it will essentially do obligation on the bny er of data points related to the effort to increase market transparency.

in the eurozone, we already something like that again. so this is something that we're doing for that's something that we will continue to do with no impact so those are some of the biggest things that we've hadany questions that any of the commissioners ul >> just as a review for the board, today have discussed why sfers has the securities mechanics of our program including the k. we discussed specific features, our custodian and provided an the performance of sfers program. i maover to the board for any questi >> are there any questions? i have one.that we're facing? are we expect commencerate fee increases on the next renewal of our arrangement? >> that we've discussed

will warrant that, sfers te a great partner and we've been able to do a number that has helped investment staff and things like that.atthat i'm considering at this point. >> thank you. >> the bottom of the page you list two leads. were there in the portfolio run by jp? >> of bny? i didn't ask you, i asked tim. >> the answer is no. >> second question. those dollars are llars, thank you for e program, thank you tony melon, how many of the year, on average is applied to this program? >> over the course of a quarter about four hours. >> good.d say few other hours, kirk has to doing, about four a week? >> four a quarter. >> thank you.

>> thank you for this presentation.a fan and the returns and way bny melon manages their program is being the largest custodian. to the collateralization, is that because of e? i'm curious why you have the >> i'll take a s >> it represents a conservative board, over conservative. >> right but i'm surprised, they don't normally post. >> it's dictated by the taking in as collateral.a risk, we ask for more because we're dealing u.s. dollars into euro to replace is also depending on the, in securities as collateral and when we look the risk

of the basket that we're looking at, we to start 107, 110, 112, like that. >> exactly, that's what i want today know. and what would that collater something, that's not what our program doesyour form for clad racing. >> speaking s, it's euros and sterliequity securities listed, ets of the same sort and th some sort of leverage, they're very liquid names. government bonds, u.s. other g-20 nations. the most developed economies in and certain types of high grade corporat so what that really serves to do is create a number of more outlets, pledging number of reasons. it's beneficial, that's the first of our securities and you're at the front of it. >> okay. and then, on 10c which i've on the transparency issue, is our

maguess, the u.s. the u.s. arm are they focusing on it, or are they working to look like? >> absolutely.a number of our senior and things like that and we've been having a seat at the table in terms of shaping this. it's something that we're doing in europe and it's something that it's sensible and important but we wanted to make r program sort of view, we want to make sure that things. the security lending players that get charged differently because of who and what and the risk. so it's not just and selling the security where you want to pay as little as of the initial requirements in the rules a bit ownerous and some has chang but clearing the ok is a great goal and we think that's les ended up. >> and it keeps changing,

that's why i ask. >> and in the past year, did perience any borrowed default or any problems, not oblem in your overall program? >> no. ando review borrows from time to time and deit limit that is determined outside and that's wide of limitations and, we do eliminate borrowers from the program. if ey're not borrowing, why do we keep underwriting them but default or something, no, we have not had anything like that.the annual review? >> it's much more it's a quarter review.a daily review, we have credit professionals thngs. they see these things as they come in. so is something that we're frequently concernedlook at the way the sfers is written, e are my risk. and so, there is a to the risk management because it's our obligation to observe

any sort of impacts the borrower default. it's importantthat there is a lot of money on the balance sheet urpose. >> thank you so much, it's a great program.has done a great job managing, so thank you. >> any other questions? comments?very much, we appreciate yohelp and partnership. do you want to call next item. >> public comment, sorry. >> do we have any in-house public comment? seeing none, moderator llers? >> madam secretary, there are no callers on the line.you, hearing no callers, public comment is now closed. >> okay, before is the next item a shorter item? let's do item 9. call the next item.

next item policy litigation policy. >> commissioners as you know, we continue of our policies and make sure that they are viewed as required by the policy itself. so what day is a review of the securities litthe placement account policy. materials the current policy red line sorry, a red line to the existing policy line version that we're looking for your approval on. dated, so i first updated to our d line that you see is the change of the words but of putting it w format because that would be difficult. we just wanted that for the record. the changes that you see ese two policies are to update and be consistent our current policy approach. in particular on the litigation policy, we wanted clarify the role attorney and securities evaluation council istent with how we've been operating for quite so we are also making a change or proposing a change to the

threshold for claims from 5 million to 4 million. it we think this is threshold, we don't want to miss out on opportunities that icant work where we can maney and by lowering we have the opportunity to review and discuss and discuss how we move forward. again, that is really, lowering the on our opportunity with a recognition of y. and private placement policy, really there, changes to reflect current titles, the fact that we delegation. happy to go through with more details. >> i have a it concerns resplitigation that is goesthe, the expertise of the city attorney.makes the call when we need to find outside counsel and alike. >> well, for the reason that we don't expertise or we don't have as

much we do outside counsel monitoringfolio and making recommendations to us about when it ate to participate as lead counsel. and evaluate that internally before we bring in any the board to participate more actively.okay, so you, run that in terms of, have securities litigation that you, the city attorney's office arranges and it's outside the city tonser office. we have four firms, they do not charge anything monitoring and they bring to the attention to the city attorney's office.stion. >> okay. >> any questions? >> does not look like you've got one.to make sure, you obviously ll decide who the attorney will be, not us. >> r >> okay it's always been a bone to >> yes, express beyond this but i

got what i needed to know. >> i was going to make a motion to adopt. >> okay.both policies for security and placement agent. thanks for concluding the red line version. thank you. >> thank you. >> okay. please. >> thank you, do we have an seeing none moderator, are y >> madam secretary, there are no callers on the lhearing no calls, public comment is now closed. >> commissioner thomas. >> i just wanted to echo tracy s.moved and seconded all those in favor say aye. >> aye. motion passes. can we while we go something and eat in front of you. let's take, take 15 minutes,proved in closed session

commitment of 75 resurge enter technology partner. we committed 35 and it closed on july 31, 2024. this is within the pe portfolio.tres opportunity six under dethority we invested 75 million in the opportunity fund.e investment closed on july 29, this is a credwithin our private credit portfolio. and it was not posted materials, but because it to verbally provide the solutions 3 at the board meeting on 4. the board approved in closed session an investment up to

75 million, 75 million to the fund closed on juwithin sfers portfolio. that's what i had reports and happy to address any questions. >> thank you. the recognitions the staff got are tremendous it makes, i always said that that we have from top to as a commissioner much easier. and i can only thank r their effort and everything they do. >> i want to echo commissioner's comments. i cannot surprised that we received accolades. our staff has continued impress me every time i've had to go and deal with other organizations ana training and understand how much work it y meeting that we have or have to do. while i'm proud, i'm not

>> ons? okay, let's call the next item. public comment.have any in-person public comment on this >> sanchez, protect our benefits as a ency, it's important for us to acknowledge when there accolades coming to 100, city good. so erybody here and staff. i think it's important 's, we watch when you're doing things you don't like and dress when we think you're doing things that are >> thank you, commissioner. >> thank you for your com do we have further in-house public comment? seeing none, moderator, do we have any >> madam secretary, there are no callers hearing no callers, public comment >> next item please. >> thank you, item number 11 discussion item, san francisco compensation plan quarterly planned review. >> thank >> and you come bearing gifts.

[laughter] >> good issioners, president heldfond, thank you so much for being here. presenting the quarterly update where we drill down anpillars of the plan which udes investment op up next is operations, its guarantee crediting rate for 3.14 for stable value is considered for conserva almost a billion. our nager has a 5-year contract with the red june of next year. as much the plan is a search process with our consultant and the timeline actually ha the memo before you. can we move to hat there. when we get to the next page.we are operating ahead of schedule and are potentially inviting semifinalist to the

october dcc meeting galyard also published a quarter update your materials for reference t.highlights market outlook, inflation forecast and ators. and speaking of markets, i've asked consultant to provide some key insides into last quarter's performance as well as the last current market.forward to the quarterly update which is at end of this memo please. be doing the update in t since we have through june in front of you, there is a lot of tell. some of is more of the same, growthbe the top performing fund, anyear to date t. a themeatic perspective, that's the largest area.

7 active managers, 5 are out performers some by considerable margin. one is even with it and one is under performing anestate fund. and that process is well as under way on implementation so big picture again, stocks small cap led which is a theme that we've seen. the bond market you'll see the active core manager up 12 basis see the third quarter, the bond and up over 3 percent on a page but as a reminder, volatility does happen. i know everybody is paying attention to inflation, s are doing. sometimes you see that forecast pretty quick in the stock and bond market. and largely i'll finish by the range between 3 and a half percent and almost almost 10 cent for the longer dated funds and they're all or

above their benchmark. so pause is any questions. >> any questions? >> if there is no questions, i would like to move to ich is marke ng. launching a targeted direct mail campaign. to page 5 in my memo. this is where we ca details in the targeted method. we included 5 different versions, which was defined for this was received injuly and received in early august a follow-up email was sent this week. on page 4 and we've included samples in the back. we launched a new webinar and working on distribution.the estimate of healthcare cost and retirement of long term care nevered by benefits and how ts are

also higher if you retire before medicare eligibilattached is a sample of that drops in august, this is a channel for us as there is always a spike members receive this statement. and finally, i'm our theme for retirement security h will be be your own influencer.the rise of social media, approach would resonate prospects. some samples for reference, if you move to page 6, you can quick preview of what that will like nrsm will continue through the september and the plan featured at the benefit fares that are held board members have been provided a well as the gift that participantattending our annual in-person seminar at on october 16th

at noon. so we look forward to meeting our there and everybody will be prepared to answer questions are no questions on marketing, i would like to move on to op on the operations 19th, not even three weeks ago, and final proposed required distributions, rmds. this will take place and will be year. the regulations do governmental dc plans and helps clarify when outheir ben take their distributions.d by secure one and two and protection act allows have a reasonable standard for compliance. speak ing the rmds, rmd will be based on specific ages detailed for those bo. the s vary by type. for instance, you can be a

surviving spouse or child or other individuals or state. there is a 25 percent ex sighs tax that--excise tax this. was from the prior 50 percent tax and to 25, it could be further 10 percent if corrective actions the dsfbp are work to go align with these regulation sxz planned required by december of 2029. for 2024, roth assets were excluded from requirement and roth participants were all informed. also coordinating across departments to implement the new caup limits for january ncludes the ver i believe 60 catch up where if between ages 60, 621, 62 and 63 you higher catch up amount verse that catch up goes away once so these changes require a lot pay

roll calculations and data programming so that we're making sure that we're at the right age so that people don't th over contributions. if there is no question move on to the last pillar which keeper and then i'll turn is from our rd voya has been our record keeper since 2015, under a 5-year contract that ends this month with the of three one-year extension.to extend our contract by one due to have provided a fee service levels guarantee which continue to our partnership add voya their dashboard, their participate dashboard on to enhance

the financial planning experience. account i have, new interactive, education models for life events, a better ue, user experience.stated, here to provide the quarterly review which dives a mr. bucking, would you like to? >> yes, and thank you commissioners for your time. i'll go to page of the quarterly report so thank you.as trying to have done the would like to highlight the participant, growth within the plan over the last two years, and the and another increase thin the plan of the quarter. assets, like wise grow as well as you heard from greg who is calinmarket activity has benefit thed the plan.was not as significant as the last the growth of point 2

this can as well as you look at cash of new participants, have resulted i should say decrease has resulted. slide 26, just wanted touch briefly with regard activity. we have seen the times as people were calling into the call center.decrease this quarterback to what are historical averages, at 21 se due to a manner where we have changed our out reach, so 8iwesome of the steps that we have taken have resolved the cafirst call have times as well. and then on slide 28 just regard to ak sifity, remains strong, dipped a little bit in due to vacation time that went across the whole team but as numbers go from annual pers of our goals at this point of the year h our goals as we close the

second that, i'll answer any questions that you may have for us. >> i ha i just want to use the word finalist by the interviews, mean two or three or one. look forward to reading the become available. that was done pursuant to the bo i cannot remember if we voted on voya? >> the, the authority to extend me, we did discuss it in the dcc. okay. thank you. >> any other questions? are you done?yes, that concludes my report. >> very concise, thank you. and thanks for the gift bag. >> they were very thought through by the staff so

i hope you enjoy. >> they don't match the sw >>--sweater. >> very well thought through. >> okay, do we need >> thank you, do we have any in-person public conone, moderator are th >> madam secretary, there are no callers on the queueu, public comment is now closed. >> next item please.item number 12, discussion item retirement board member of the order. >> quick question, when i was looking through, i think i the schedule of trainings that in ? or was it moved? i >> it should be >> i didn't see it in the agenda. >> i didn't see itl get it to every one. >> on september 25tlot of work.

so hopefully we'll have percent attendance. you will not be there? >> any hemotion to adjourn then. >> can have any in-person public comment on this item? seeing none, moderator are there any callers? >> madam secretary, there are no callers on the line. >> thank you, blic comment is now closed. >> next item. >> item >> thank you. thank you every one. heart of san

francisco important diverse culture name for remarkable individuals like carlton b goodlett a man wheeg legacy is at the lashed not just a man of his journey was far from san good had studies earning aut off road in child psychiatric a city that is is for staff's contributions a city with a ver place when dr. was around and you would see like the and what he did hecpinority

healthcare to people who did not have insurance or an ability that. >> dr. good working hard around city hall he would load boxes people and they would san francisco state mainly a as well and protest thesenjust treatments and unfairness of their system. >> dr. good was a civil service activity with naacp and protested for discriminations against blacks and public transportation andnd the reporter as mosto the building today don't know district attorney know that not onlyas a physician, a activity buto an incredible in his spare time. >> a number i and the also ended

another newspaper wells fargo brown and dr. good had a close relationship in the early 90s several groups got together to put together petitions and worked very, very hard to have the address changed. >> dr. king's in january, i got from mayor brown which i've known for in many, many years to ask me to change the street signokay. >> in january of after the building mayor brown and i went outside at that moment it was still cold shut down the word on the sign that read put up the sign

that number one, dr. carlton b goodlett he earned a certain of all poem just a remarkable individual. unfortunately, we didn't live long enough here to see the street sign >> making to may granidpop ups, artists, non profits small business in into vacant downtown throughout the area 6 months engagement. >> i think san francisco is

really bright to be a part of it >> i'm hillary, the owner of vacant and vibrant got into safe docould have gotten pre-pandemic. we thought about opening downtown but it and a landlord [indiscernible] this was a awesome opportunity get our foot in >> the agency is the marriage between a conventional gallery and fine art i'm victor gonzalez the thes program is especially important for tended huge life line of resources, expertise from the people that have gathered ound the vacant to vibrant program. it is allowed small businesses to pop up in spaces that have been fully unaccessible or just out of

budget. vacant to vibrant office of economic workforce development that was part of mayor's economic recovery budget last year so we funded ounon profit partners new deal who getting folks into these >> [indiscernible] have been tireless for all of us down has been incredible. certainly never seen the kind of assistance from the city that vacant to vibrant for sure. >> vacant to ibvooerant just has the opportunity to build excitement what downtown could be. it narrative talking about ground floor vacancy and office vacancy to the amazing network of small scale entrepreneur, [indiscernible] is really happy about because it has given me work i have been doing over the past few years, to havecan call my own for a extended period of ti mean, it is incredible.

this is specific to empower artist. there are a lot of people in sareally great ideas that have the work ethics, they just those opportunities presented, so this has been huge lifelinethink for entrepreneurs and eat program for us. it has [indiscernible] opening the site. we benefited from it and i think bediverse and different [indiscernible] able to be down from it. >> (music). >> hi, i'm emmy theq emmy's spaghetti i offer that with some kind of fine dining and apron and

stuffy and in the 90s in san francisco it wasse in a restaurant in the restaurant sceneant to it have a place to have a my friends to guess i started a no better place the were available that's w opt in two 10 he start withd work with them and the one of the events we do give piaget awayt with a s 5 hundred meatballs and pa get like in the mission not about th where the food comes from but a community. and my emmy's spaghetti and fun and san francisco not the thing th everybody knows about we

stay under radar we show the showcase i take it food and we started to eate wanted to have comfort food and that claims friend from i take it and me create meatballs and dealing evolved over the ye beginning one plate of spaghetti and a meatball we tried to make the portions as big as they be. and now we types pasta dishes with a la and meat sauce or have partition to a lot of food we are at a point all the favorites i don't change the menu often 0 i eat here so muchverything is fresh your cocktail is the best it's ever beenour magazine ghetto we change

of the fun things it is serve historically we're known emmy's spaghetti as a friendly place and opened i wanted my friend to be welcome and other welcomed and it is very forespecially in san francisco and this though hold their celebration important i mean you're c to a family restaurant and you're coming for o place i love being thend pretty sure my running the psta spaghetti place i hope while we'll see how itone is a friend we're hoping

>> i think would be a lot more suffering. >> imagine san francisco without animal care and control, i know there be thousands of animals every year who just wo that chance. whether that means going home with a released in the wild without thoughtful group focused on all these the big picture view and daily care. so many animals lost. >> but i don't think understand what goes on. they don't know how hard king care of animals. just two

people. one rs and the cleaning is 6, 7ish. one side starts off doing so the dogs can't come in the en i'm going to spray the back, (indiscernible) >> all the magic with a rescue network and all the medical care oral and enrichment, socialio enrichment, volunteers are amazing. so, i think if i had a waish wish, i wish that san about what we ancisco animal care and control is a vitaanimals in this community are protected and are cared for. deal with those domestic and wildlife. one of the pr serve as a shelter. when animals have go, here is where they come. we take in

year and the care they receive here and the ability to move from here if domestic on to permanent whe else, or if you are wildlife you we which wildlife eh is the shelter aspect. we also have animal control officers 6 a.m. to midnight. >> ask them to that would be great. the is 415-554-9400, and you can just ask for rebecca. thank you much. bye. >> receive approximately 20 thousand calls a year for assistance, so a lot is wildlife lost dogs, dangerous situations. we igate animal abuse, e. >> without us, there would be a lot more (indiscernible) a lot more animals suffthe police? fire? they have their own jobs and don't have resources or knowledge. they don't know how help

animals. so much hoar suffering. >> we 00 animals last year. without a shelter where do the animals think the community would suffer if we >> whether living on the street or ndiscernible) animals are very important to people, so we are humans also, and we are alleviating a lot of suffering by our jobs. [music] san francisco emergency home program is a safety net sustableable commuters if you bike walk take public transit or are eligible for a free and safe

roadway the city will reimburse you$150 dlrs in an event of to learn more how to submit a 2024.) >> good afternoon, everybody. hard to 2024 hate to say this summer is half gun i'd like special meeting on wednesday, july 17, 2024, members of the public may watch and thank you sfgov for your support the roll and prior to taking roll scheduling results some absent and thank you to directors dir alternate

for joining usport here. >> present