question on the motion staff recommendation for the 5 percent allocations is absolutely u absolute allocation is that direct. >> my motion to take staffs recommendation and not con streetscape it to the direct fund at this point there is more work to be done as we get the structure in place it includes staff and consultants we can evaluate the combination of one or the other. >> i do want clarity does it mean that staff comes back prior to making the investments come back to the board to propose whatever percent or a giving the staff the authority to go 5 percent directly or are they come back prior to those decisions. >> commissioner stansbury said - >> i think i said it was listed in the materials of what. >> commissioners. >> i thought it was litigating listed i'm asking for clarity. >> yeah. for clarity. >> that should be district to staff. >> supervisors are you asking staff or commissioner stansbury will the nature of the motion. >> okay. >> so that if the question is for me, the intent of the motion is to allow staff to read missouri move forward to get the resources in place but befor

the committee opposing zero hedge funds allocation. >> support. >> what did i say and supporting. >> okay. thank you for the correction supporting zero hedge fund allocation our members have done their due diligence and my question to you trustees have you done our due diligence regarding hedge funds we've had a town hall meetings regarding hedge funds and the board has been educated on hedge funds do you know the specific instruments that comprise our hedge fund allocations what does the hedge fund comprise of what are the fees? and where was the corp headquarters? is the and does this corp headquarters pay taxed do they invest in the u.s. and economy are they good corp citizens those are questions you should look at when you decide invest thank you. (clapping.) >> thank you very much. >> thank you good afternoon my name is rebecca resign with the municipal executive association thank you for the opportunity to address you first of all, i want to talk about the collective issue i think it is the most important basic concern about their retirement terms of the pensions and health car

the mayor's office of housing and community development to submittal a police station with the allocation committee to permit the ownerships of the revenue bond needing 2 hundred millions. >> thank you very much we have the mayor's office of housing and joined by supervisor cohen. >> thank you very much i appreciate it it colleagues i have a few things i want to talk with you about item 6 thank you for allowing me to join this committee this morning the project that is proposed for 1601 mariposa street is controversial and almost two years been working on this project with the neighbors to dpaem in a dialog how to shape this project so that state benefits the community i've articulated some things to city staff and have that i have with moving this project forward with the attorney fee are a actions related to this project i was speaking with the mayor's office as well as the project sponsor this is a project that is currently 200 undergoing an environmental review and the draft eir was issued in december and public comment was taken at the planning commission in late january project has

of the real asset allocations i don't have time to go through it i'll e-mailed e e-mail it to you. >> it basically makes sure that the use of investments are above board not only in x tlak the locations. >> time. >> the energy section didn't indicate point renewable energy has been invented so i'll come back and speak again but i urge you to set guidelines to match the san francisco values we're heard and all support thank you. >> good evening retirement board members nooemz is los scott the immediate past president of i he 21 and the vice chair the retirement union members but i come today solely as an individual and i come to several of the past meetings i was a thirty year employee thank you city and county in the madam president and worked with the planning commission so some of what i feel comes from any experience in unsought them in their policies deliberations and i've been surprised that about the issues that was brought up by commissioner cohen about the information it's been resonated to the comments of mr. ryan about the decision making and will angst i think the angst ca

i have a bit have a problem with the allocation of the bike classes mostly for a number of reasons we have a lot of challenges in the city both with cars and bicyclists and one of the things that we know is happened more recently there's recent more tiblth to biologist when your ticketed when our a driver you sometimes have to go to travel school and on a system set up in the city to require bicyclists to go to education classes to be more a safe but a lot of the classes in the past specifically through the bike coalition have been classes that help families or individuals that don't feel comfortable or safe biking in san francisco feel more comfortable in safe biking in san francisco and the turnout in many instances in the underrepresented community continues to be low and mostly the feedback i'm going to bike in san francisco it is too much of a challenge i think that investing in educational bike classes await making sure we're reaching out to the individual that are actually biking in the first place is just a bit of a waste of money i think it is important that we strategize on

item 7 recommended allocation of $5 million plus in prop k fund with conditions and $636,000 plus subject others distribution schedule this is an action item. >> we have chad a senior transportation participate. >> good morning chad senior planner with the transportation authority i'll be presenting the first 7 prop k items the transportation no southern california's and my colleagues will present the last i want to note the bay requests are in fulfill in the enclosure there's a summary of requests included in the attachment for the 8 requests i want to note the 5 points $2 million and the 6 hundred 40 thousand in the vehicle fee leveraged a total of $9 million plus in prop k funding so moving on to the first request the sfmta is requesting one hundred thousand dollars in the neighborhood planning fund for the district one and tiff planning and tiff was developed to build the capacity and the transportation planning in san francisco and also to advance the delivery of community supported neighborhood skill projects the scope included was by input from supervisor mar's office and included

muni or other picking up public transit stops within a half-mile radius we questioned a map for allocations within the authorization we were looking at for a decision i'd like to request that staff or through the chair request it staff provide a similar map of public transit for all large projects thoogsz with the map we're currently getting. >> commissioner moore. >> i'd like to report to the commission that the subcommittee for the rules met together for the first time and time was much too short we'll be meeting again on march second and report with more detail. >> march 5th and march 5. >> what did i say oh, march 2. >> thank you for your time on that. >> next item, please. >> commissioners, if there's nothing further we'll move on 0 department matter directors announcements. >> thank you, john good afternoon i was going to mention the memo regarding the prop m the current prop m allocation numbers happy to discuss that further we wanted you to have the last number the updated listed projects currently in the cue commissioner antonini i don't have a timeline typed we're kind of in a lot

. >> just adding on given this is specifically just a general fund allocation i do know you mention two projects outside of cc organization, however, i guess my question is we are under the understanding that first and foremost our work is with cca, however, this general fund allocation it quite significant and so in terms of how you prioritize our work and again, we do know that one of the main components is cca but giving the large projects i want to better understand how it is that you all indicate our work. >> 70 percent of my time is on the cca and the rest at the non-cc s the second half of this year spent on less non-cc organization and trying to figure out how to get that to sync together we've spent a lot more time on crackers cca if we didn't have that huge report first, the cca and the commission gives other projects two projects currently in the incredibly and others projects that the offices want to have future discussions but not as far as la jolla could will talk about i have ideas this is something that la jolla could can work on but heres other things before you may loo

. >> thank you i have advocated with this proposal of allocation the fixed income was 20 percent i've been advocating below that number i'm supporting the number and supporting the consolidation of higher entity rather than calling them out with the true belief there will be meaningful work in those areas so explore them i believe in overlook that the package was talking about san francisco real estate versus st. mary real estate which is a pin on what i've been saying all along i'm advocating san francisco yes, but when we when i spoke to the allocation i was specific about the bay area of san francisco to include silicon valley to include oakland and areas where there's optimistic state and growth factors and limitations on planning departments and where there's in demand out pace took him look for this type of background to say i don't want the bay area don't tell me excuse me for expressing that that the prices are high show me why you believe it's not going to do better and why the banks are underwriting on the growth tell me now we've reached manhattan prices why everyone buildi

. >> item number four,recommend allocation of $3,815,332 in prop k funds, with conditions, and allocation of $1,201,000 in prop aa funds, with conditions, for seven requests, subject to the attached fiscal year cash flow distribution schedules. >> and this is an action item. >> thank you, and we have m anaa ford, >> deputy director for the policy and programming with the transportation authority and i am here to present this item to you today. as far as the summary of the requests, we have a total of about $5 million in pending requests. including about 4 million in property k half cent sales tax and 1.2 million in prop vehicle registration fee funds and the first request is for the environmental phase of the muni metro east project which i will begin with a summary and then we have the additional 6 projects with construction or implementation phases that will be implemented with these funds that are requested and i will start with the mme as i will refer to it phase two request. welcome. and so this request is for prop k funds of $2.6 million dollars, and we very excited to see this proj

have and have and it was commissioner driscoll who said we need to look at the pros and cons of allocations and that really seems to be missing in the written and verbal materials of staff except what came out of today but your trust i would certainly hope in the future you had a workshop format and allow this to happen again, today switching to another subject i couldn't be more passionate about affordable housing but i also - . >> hi, i'm kate walker i want to support what the other 3 speakers have said and that the information that coming out came out right now and the way it was you way we were understood and misunderstood you see this is not even the beginning of communication when commissioner paskin-jordan said that hedge fund were transparent we as the fossil file gentleman said we consider we're can we see the holdings not only can you see them but can we as planned members see them as if it was our own investment it is this is our money that happens in a lot of city boards you get every detail or the important details and help the great depression boards or this board of superviso

. >> we're in a sweet spot if you're platoon is $200 million and your allocating 10 percent of hedge fund crisis 15 managers that will take a one million dollars assignment not many but $300 billion and looking to invest in 20 managers and looking to move the needle one and a half billion dollars there's more 25 managers will take that large amount of money. >> maybe less. >> we're in a sweet spot commissioner brought up hedge funds the majority meet the scc regulations that's half of the 10 or 15 years ago i'll be hard-pressed to find ones that don't meet the regulation but it's not required so much as hedge fund to have that. >> i when i read through the materials and i got to pages 12 and 13 it focused on saying why you want to go to a direct fund to fund and the pros and cons of both i understand the rational but as you go through the writing i'm more prone an approach moving forward as we try to test the water and recruit and sub guidelines could be more fund to fund that's why the question was asked when i read through this this is not the the direct you're talking about going

in the department again, this slide shows the fte allocations across dwigsdz trend over the current year to the two budget years the only changed to the 3 administration positions for the short-term rental program slide shows our volume trends what we're projecting in the upcoming budget years we've noting made no changes to the assumptions growth over the next two years. >> this slide shows our budget and the only change to the revenue budget prior to the hearing the inclusion of one additional grant from the transportation authority to our department. >> next speaker. >> the the amount of 2 hundred plus thousand dollars for the environmental review on the endearing bus rapid transit or the brt project that is shown on the third line revenue from ocii and mta there's an additional $139,000 if in the 2015-2016 column other than no changes made similarly in the expenditure budget the only change the inclusion of expenditure proomentsz for the transportation authority in the project line there's an address of $39,000 for appropriation authority other than no changes made this slide sh

big fluctuations between our estimates that we get at the beginning of the year and the estimated allocation by the end of the year and it's really outside of our control so part of this process we are advocating that we move the allocations of those pools to a formula that is a little bit more stable and a little bit more under our control, and i think that would have have a big benefit in terms of just increasing the certainty or the range of possible outcomes that we think we could get from those waive allocations. >> so those two by themselves -- there is about 230 plus million that maybe at some risk, not total risk, but that could really vary, and would we have some idea of that as you get closer to this budget submission such as our next meeting, a month from now on the budget? >> i may ask colleen to give a little summary of the timeline. i don't think we will by that time. i think it's further than that but she can give you the latest thinking. >> good afternoon commissioners. colleen chawla. roland and i participated on a conference call this morning with the association of public

that includes how we are allocating our resources. that also includes joining in on a hearing request you will hearing later in the agenda so folks i do hope to have your support. we got a positive recommendation out of the rules committee lasted week and i hope to have unanimous support today. thank you. >> thank you. supervisor campos. >> thank you very much madam president and i want to thank supervisor cohen for the work she's done, not only on the establishment of this task force but also the report, and i look forward to working with you supervisor cohen as you explore in greater detail what the significance of that report is and how we should address the issues raised but one thing i would say is that that sort of stands out to me is we're spending millions of dollars and we have so many departments that are actually -- that have their -- you know, their hands involved and it's not clear who is really coordinating, who is in charge, and not only that but there is no level of involvement from the community in terms of deciding h

so those are the only changes that we made to the fte allocations. the memo before you today goes into much greater detail about some of the volume and workload trends that the department has been experienced over the past few years. in response to many of the questions that were raised by the historic preservation and the planning commissions during the prior budget hearings. at this time we are still assuming the continued high volume of planning cases and building permits that are requiring staff review into the upcoming two budget cycles. moving on to the department's revenue summary, the only changes that were made to the department's revenue summary increase the charges for services line by approximately 1.1 million dollars in fiscal year 15-16 due to the planned recognition of the revenue surplus that we're currently experiencing to fund those priority projects in fiscal year 15-16. that's in response to the decision not to move forward with the supplemental appropriation in the current fiscal year and appropriating that money in fiscal year 1

the market is a better allocation. if you want to undo the inequality. i think that is legislatively doable if you can get both sides to agree, that is perfect. but it wasn't what drove us in 1986. >> thank you. i might say that -- >> i'm sorry. >> in terms of the middle class we need more good-paying jobs. and so that is tough to get at through the tax code. but not impossible. so i'll share with you one of my hobby horses. infrastructure investment desperately needed. tough budget, you can't do it. and the size that we would like to do it. but there are people that have money. chinese, singapore koreans, in the persian gulf. large sovereign funds. i mean hundreds and hundreds of billions of dollars. and they have to decide what do they do with that money. and i any number of them why don't you invest in infrastructure in the united states in other words they play the role the british played in the 19th century, and they say there is one provision in the tax code, and it is 892 and it says if you are a foreign government and you invest in stocks or bond

to allow an allocation of 2 hundred and 84 secrets plus since the office space exceeded $24,000 square feet this is the first development to come from the commission which aims to extort the increase in the overhead stoke of pdr space in the city making it viable for the office space that proposed a must be source facility with truck services with a new 24 thousand plus thousand square feet pdr office project accommodated of three four story building a pdr north that building and pdr south building composed around 41 thousand of al aggregate space it features approximately 10 thousand square feet privately opposed space at the southeast corner the project features 87 off-street parking space and two bicycle parking spaces and shower and locker facilities it proeptsz a comprehensive straight improvement which has been developed in accordance where the better street plan the project sponsor partnered with cca and sf made who motioning mission supports the local manufacturers and the implementation including the preparation of the business plan in accordance with the planning code the sit

so the program would allocate up to $1.5 million per grant for one-time or limited duration expenditures. the mayor's office has requested departments to use an analytical evidence-based approach to define the proposals that we submit and they have asked us to submit proposals that focus on increasing financial sustainability, improving governmental responsiveness, improving affordability, equity and shared prosperity across the city and proposals that might leverage public funding. we're actually very excited about this program and looking forward to soliciting what we expect are creative ideas from our staff. at this point we would anticipate submitting somewhere in the neighborhood of 3-5 grant proposals to the mayor's office with our budget in february. >> katie, just one quick addendum, i think the program will come up in our community meetings as well, soliciting ideas from both staff and the community. >> yes. i do though, even with this good news, want to just sound a note of caution for the commission, as well as for our advocates in the public. while the budget news is very goo

we can get a better feel of the quality of service we provide as a school district and our next allocate meeting on marches fifth at 4:30 p.m. next is the cpr we'll be cropping with our health program and moving forward with our presentation thank you turf and mr. haney and partnering with us in creating this opportunity so we could collaborate and provide students voice engagement and finally our next s ac month to month on february 23rd a meeting on monday anyone is welcome to attend and meeting as an accident incentive dinner will be provided for all our s ac reps if you want to attend make a presentation or like a copy of our agenda please contact our s a paradox salvador lopez thank you. >> thank you very much student delegate katie tang next on the agenda is erection the citizens advisory committee reporter i understand i want to introduce two folks. >> good evening commissioner president murase and truth i'm the corridor for the parent advisory committee and the roles of the patent advisory committee to represent parent voices prospective an important district initiative to to the

the affordable housing allocations. that's in error. it was reauthorized by congress in hera. >> i misunder you. that's the statute that says when to suspend. correct? there is no statutory guidance for you on how to end a suspension. is there? >> it says the director shall temporarily suspend. i would assume that the word temporarily has an inverse that says you can unsuspend. you know technically you may be right that there's no statute that specifically says. >> let's walk through this. >> but you apply the same criteria to suspend and unsuspend and that's what we did. >> i think that's fair. but by the same token, the mandate to suspend is not -- there's no discretion there. you shall suspend if you find one of these three conditions. correct? >> yeah. and i interpret that the same way. you shall unsuspend if you find that these three things don't apply. >> so let's walk through them. it says that they contribute to the financial instability of the enterprise causing would cause it to be undercapitalized or preventing it from doing

the 4 hundred and 14 to combine with the one hundred for you with the allocation from human services agency i want to say we believe in housing but as long as we need the shelter if has to be funded we can't do it by ourselves we put over the years millions of in support of shelter related activity and b will do this this year we have some 4 hundred and 14 thousand after the fundraising more half a million dollars we've been short we can't do that year after year and turn it to my colleague. >> hello supervisors executive director thank you for the conversation and the society has been here since 1960 serving vulnerable people with the needs of domestic violence and a and homeless difficulties since the early 80s thank you for the perspire years this additional funding allowed for much need additional services, however ken mentioned the funding didn't address the raising costs the 3 shelters speaking here are experiencing more needs and great service utensiltion while be flat funded new our contract where did he go we go to outside funding we do our job and but the philanthropic outc

the allocation across the 5 divisions right here so the only changes we've made to the fte includes the extension of 3 limit term extensions in the citywide and planning prerogatives into the fiscal year 2015-2016 and 2016-2017 they are term of expiration in the current year but we've extended the terms to continue to work on the priority projects and reducing the backlog only thing not able is going forward we previously planned on adding new positions in the appropriation year, however, to go ahead and add those positions into the 2016-2017 year going forward director ram went into detail about the memo as well as the information in regards to our volume and workload and trespassed we've been xefrn at this point, we're he assuming a continued high volume of planning cases and building permits requiring staff review into the upcoming years. >> moving on the revenue budget only changes we've made to the revenue budget increasing the charges for service by approximately, $1.1 million seducing due to the plan recognize of the surplus we're projecting in the current fiscal year to fund tho

and then the third way to reduce the fees through managed accounts the pathway is having a large allocation of money $100 million or more for managers you'll begin to think about managed account is within our realm of possibilities. >> can you confirm that and that's probably, maybe larger than that. >> maybe one hundred 50. >> oh, the customization of those fees can you give me a range of how much it would reduce our expense. >> yeah. he think if we were to get down to a level that i think is achieveable i'm going to ask leslie to confirm that about 1.3 and 13 maybe 1 point that 3 and 15. >> what does that mean. >> 1.3 percent in the management fee and 15 percent of profits for the equipment fee and there's so many valuables and the types of managers some managers are less than expensive and 23 and 20 is on the high side how much you're willing to lock up the 13 sounds low but that maybe- >> now that i think it is probably 1.3 and 15 i think another idea about how the lower fees i'll not do this like in the first 7 or 8 years of a program but new streams and teams being lifted out not only