. >> thank you, cherry peskin. i appreciate all of that. -- chair peskin. i appreciate all of that. i appreciate your sponsorship on this. i want to thank everybody who came out and stuck around and who has given comments and helped us draft this. and i do think the amendments we put forward are reasonable and also help us accomplish our goals. i will say that i'm glad that we discussed the supervisor mar's report or the report that supervisor mar commissioned before we had this conversation. because i think what we saw in that report is what the likely outcome will be if we continue on the path that we are on. and if we don't take a bold proactive action. we have taken a certain approach to this question of our jobs housing balance over the last ten years. and i think it's had deeply problematic concerning, i would even call it an existential threat to our city and its quality of life and its wellbeing. at the same time as we've seen some of the lowest unemployment rates that we've ever had in san francisco, some of the highest rates of growth. we have deep inequality. we have more

peskin. my name is jonathan cherry, and i'm with the office of economic and workforce development. i'm here to describe these two pieces of legislation. i'll start by providing just a brief background and then i can explain how today's legislation fits into the india basin project. the board of supervisors approved the india basin project just over a year ago on october 23, 2018. the approved project includes two components, both of which are to be delivered by the developer build. first, the mixed-use development including almost 1600 new housing units, of which 300 new units, 25% of the total, will be below market-rate units, and improvements to the existing rec front open space along the waterfront, and the big green, which will be a new addition to the city's southeast network of public parks. quickly, a number of other public benefits are included in the approved development agreement, including new city streets and utilities, a new bike network, including a class one bikeway through the project and a bay way trail. the project will provide space for several uses important to