should it be an l.l.c. or a nonprofit, what's the size and composition of the board?ow are the board members appointed? and this is something that sort of the advocacy like friends of public banking of oakland have done a lot of thinking with this. so we want to make sure we're working with the advocacy community to make sure there's adequate community input into sort of whatever structure gets created. and then of course tax status, another big question that we've had some folks on our task force who are lawyers looking into. just to give you a sense of the analytical plan, we are midway of our task force meetings. we just finished meeting three of six. unfortunately that does not mean we're midway through the work. we're just getting started, but we're now getting into the meat of things, which is really fun? but we'll be working in collaboration with our consultant and the task force to look at pure banks, so look at sort of loan output, balance sheets, income states. then from peer banks and subject matter experts, if we want people want to do loans, is it accesso

an l.l.c. for every single building. this comes up in particular with some of the ellis act evictions that you'll be hearing about later. further on this, this is also a snapshot from a standard and poor analysis of a veritas loan. this entire analysis is in your packet and it shows first the breadth of neighborhoods that are being affected by this, from knob hill to the richmond, and on the very last column, that all of these buildings are affordable rents. they were below market. we've seen buildings with units that are occupied with long-term tenants are described and perceived as investment opportunities where superior returns can be achieved. and here, we have an example of a green tree notice for the -- what we call the aggressive bundling of pass through charges. companies like this have entire department and staff devoted just to pass throughs or they outsource it to third parties. there's a particular company in san francisco that specializes just in preparing the documentation of pass throughs. so what you see here is for our rent controlled tenants. this tenant has lived in their unit for, i believe, eight ye

l.l.c.'s and other buildings. he sees long-term tenants in rent controlled buildings as an impediment to his profit. we're not human beings, we're an impediment. and he wants to ellis act us and turn it into t.i.c.'s that he can rent as a high rate. please change this. my partner can't leave san francisco because that's where her doctor is, and if she leaves san francisco, her health is going to get much worse. >> supervisor sheehy: thank you. >> my name is karen lee, and i live in noe valley. in november 2016, adams philips purchased my building. on january 9, i was informed that he purchased the property for $500 a square foot but he was wanting to t.i.c. the units to get 8 to $900 a square foot as soon as possible. after three months he said we had not reacted to his buyout offers, and he ellis acted us soon after. we were all teachers, artists, and educators, and we will all be forced now to leave san francisco. >> supervisor sheehy: please contact my office. >> i have several times. we have many, many times. it's too late. we're ellised. in january and february , we called you and sent e-mails, and turned up to marke