mr. yarney tells you, no analysis. second, the comment letter is very important. the development agreement is not analyzed. it is the key to how the city says nobody is going to be displaced. it is not even analyzed in the eir. the development agreement should have been finished with public input before you even finalized an eir. it is a fundamental problem. there are many others. i urge you to look at them. thank you very much. >> i am with san francisco tenants united. we also agree this should be sent back to planning for a thorough analysis of a non- demolition alternative, not a one-paragraph mentioned. it is not necessary to demolish. you can use some of the 6000 parking spaces that are going to put out there to build some housing, for example. rent-control housing stock in san francisco is too much at risk to risk losing another 1500 units. we have a condo conversions. we have mergers. we have demolitions. we have tourist conversions. we cannot build anything new. we have to preserve for we have. it is way too risky to think that under costa-hawkins we can

mr. yarney? >> excuse me. good afternoon. good afternoon, supervisors. i want to apologize in advance. we will have copies of this presentation for all of you. we had a little printer malfunction prior to the hearing. i am going to read off a laptop for the time being. i am going to cover four topics, some quickly. my main focus is on rent control placement units, since that is the primary issue we are hearing feedback from the public on. i am going to discuss development agreements in general, and how the structure of the development agreement works. i am going to briefly summarize the economic and social analysis the city has conducted on the project. i am going to speak briefly on the phasing of the project under the development agreement. first, i want to emphasize that development agreements have been around in the state for some time. they are nothing new. there are over 500 in existence. the original statute was passed in 1979. the reason i am emphasizing this is there has been some confusion in the public as to whether the development agreement itself is a novel idea or whether