buena island project. and 2h is the request for approval of a development agreement between the city and county of san francisco and treasure island yerba buena island llc for certain real property, 1939-001 and 1939-002 all together consisting of approximately 450 acres for a term of 30 years. thank you. the staff presentations? >> rich ellis from the economic offs on and workforce development. we planned to do a presentation at that point but given the lengthy detail you went into, i wanted to highlight that is part of the resolution adopting environmental findings, a statement of overriding considerations that lay out the public benefits associated with the treasure island project so i wanted to highlight those for you here. as you know, the project creates a new san francisco neighborhood with over 8,000 -- up to 8,000 homes, up to 450,000 square foot of retail and historic use as well as 300 acres, 2/3 of the island developed to public open space. the infrastructure associated with the project, the developer will be purchasing the presents or the city will be purchasing the property, reimbursed by the developer from the navy. all new utility infras

buena island project. and 2h is the request for approval of a development agreement between the city and county of san francisco and treasure island yerba buena island llc for certain real property, 1939-001 and 1939-002 all together consisting of approximately 450 acres for a term of 30 years. thank you. the staff presentations? >> rich ellis from the economic offs on and workforce development. we planned to do a presentation at that point but given the lengthy detail you went into, i wanted to highlight that is part of the resolution

treasure island development authority and treasure island community development, llc, for certain real property located on treasure island/yerba buena island; approving an interagency cooperation agreement between the city and the treasure island development authority; and adopting findings, including findings that the agreements are consistent with the city's general plan and eight priority policies of city planning code section 101.1, and findings under the california environmental quality act. supervisor chu: thank you very much. >> from the office of economic workforce development, we have a brief presentation for the project in front of the general public benefit for the project. land use already before the title board in planning commission for a number of public meetings, we will be brief with coverage of the general bun that. the project description that you see before the project, up to 500 hotel rooms and 550,000 square feet of retail and commercial space with 300 acres opera used for open space. community benefits include affordable housing, open space, and jobs in economic development. the land use plan is similar to the

the city and county of san francisco and treasure island community development, llc, for certain real property located within treasure island/yerba buena island; exempting certain sections of administrative code chapter 6, chapter 14b and chapter 56; and adopting findings, including findings under the california environmental quality act, findings of consistency with the city's general plan and with the eight priority policies of planning code section 101.1(b), and findings relating to the formation of infrastructure financing districts. item number 10. resolution approving the amended and restated base closure homeless assistance agreement with the treasure island homeless development initiative; adopting findings, including findings that the agreement is consistent with the city's general plan and the eight priority policies of city planning code section 101.1 and findings under the california environmental quality act. item number 11. ordinance appropriating $1,925,000 from the general fund reserve and $360,000 from the public library preservation fund available fund balance to the department of public works, the recreation and park