thank you >> thank you chairperson johnson i'm andrew robinson i'm the director of the yerba buena project. i'm here to speak in favor of the project. we know that context in which the moscone expansion would take place and has expanded in the past. we think the howard block could woman a theatre stage particularly that the breakdown of the block between folsom and howard which is fenway we've heard from our community for a street light plan that the blocks don't offer social interaction. we see the exciting stunts and want to see the benefit that moscone succeeds but the neighborhood succeeds as well. he want to see moscone reach out to the neighbors they've been responsive. if security issues can be addressed if the bridge go really opens up the children's creativity museum we support that. thank you very much. >> (calling names). >> thank you. good afternoon, commissioners. i'm john president of todd could and it was one of the community organizations involved in the original moscone collect group that adapted the convention center below. all the moscone projects we've been involved in

thank you director and good afternoon >> chairperson johnson and members of the commission. i'm a development speciality in the real estate division. the purpose of the workshop today is to update you on the states of the moscone expansion and also to present the late the skew mask design and to remind you that we own some property that is implicated by this proposed development. okay. so before we get into the design presentation i want to remind you of the ownership which is complicated and kind of difficult to explain. when you're looking at this particular map think of that as the map on the left is above ground and the one the right is blow ground because both center block 2 and 3 were developed above and below ground. so the city owns moscone south which is everything that's represented in yellow on the slides. you can see the moscone south premises. and oc ii owns the areas in blue and it includes the moscone north on the building of third and howard it's the buildings you know that goes along third street next to the ice ring. we own that building and we own the cong

. >> chairperson johnson. >> i. madam chair the vote is 3ize and one abstinence. thank you very much call the next item >> the next order of business is regular agenda 5 b workshop on a memoranda of the mayor's office housing for the implementation of the retained housing discussion. madam chair. excuse me. madam director >> good afternoon, commissioners and members of the public. commissioners you know you have exorbitantly obligations in the project areas and for did you affordable housing obligations the with respect housing obligation. this workshop is a precursor to our budget and really confirms an existing practice through budgets you've approved and the working relationship with the mayor's office of housing and the housing community development ass and is successor that will take our assets and obligations. not that i recall the board of supervisors asked the commission to and oc i staff to collaborate with the housing obligations so once we've taken our public comment we'll certainly file a written report to the board of supervisors how that collaboratio

it's good forbid the rob's presentation >> thank you director and chairperson johnson. i think you have a memo in your package. but i'm very glad to have an opportunity to look at where we are in the middle of the year and see if there are any problems on the horizon. this year did indeed a lot balanced at this time of the year there's still 5 months to go but we'll be able to make it through with the funds we have on hand. we have using one time limited revenues to balance so in the future we'll have to keep in mind. we'll have options to replace those but we may need additional property taxes. i want to point out where with your using that. the big picture we budgeted with curb on. we expect to actually draw less property tax increments in particular we should use other taxes first and so we also have reduced claims because we have reduced experiences so we have less disbursements coming in. so some of the significant pieces of why we're one and a half million under budget our staffing is under budget a that's because of vacancies we've budgeted for we have 7 vacancie

johnson. these are the number top headlines. the new fed chairpersonintaining ben bernanke's policy of rolling back stimulus. >> in emerging markets, the could states shales gas provide investment opportunities. that is the message from qatar sovereign possible fun. that is not him. that is him. than weve global growth will consider it. another bloomberg exclusive. we spoke to can't extend's president about the oil fields. it is the largest discovered in 40 years. there were technical problems at the site. >> that cannot happen and that is impossible. we have an oil price in our budget and we will do it as additional. nothing of the sort can happen. the problem is with the associated gas and freezing temperatures with quality issues that have been checked now. the oil pipeline will be used. in terms of the time, it could take until the first quarter that it can be done. they can see what needs to be done. everything is in place. output, drilling, a gas processing plant. everything is in place. they will be ready and working. >> giving the problems, wil