the three documents together with the sixth amendment of the dda carry in various sections provisions to ensure timely completion of block 49, holding all parties accountable. for example, notice to ensure -- in order to ensure lennar's continued interest in completion, lennar may not close sale until block 49 is completed. should the deal fall apart before the land is conveyed, lennar goes back to providing 50% ami units within their market rate project as was contemplated before the sixth amendment to the dda was executed. should there be problems after the land is conveyed, meaning that either the ground lease is not -- never executed or [speaker not understood], then agreements may be terminated and the agency and the developer have a 60-day period to file tentative arrangements to complete the project. if no arrangements are made [speaker not understood], ground lease block 49 to lennar and it will be their obligation to complete the project and enter into agreements that substantially act as vertical lease development agreement and option to ground lease or subsequent ground lea

i guess -- first of all, everything you said that's not in the vertical dda, so, where is that covered -- >> it's in the cop [speaker not understood]. it's in the amendment to the ordinance that was done in 2008, that any opportunity that becomes available -- any affordable housing opportunity that the city or the agency has financing followed those rules. >> of the developer having to work with you to reach out to certificate holders and everything you just said? >> um-hm. >> my interpretation of that. >> okay. >> okay. well, i think that's something maybe for staff to follow-up on because i don't necessarily want to hold up the process. we looked at block 49, this project a lot because my commentary is not necessarily on block 49, but we've spoken repeatedly in this commission about marketing and preferences and wherever we can get clarity is better especially since now the certificate of preference program is technically under the mayor's office of housing which is why you lovely women are standing before us. so, but it's very vague in here how the certificate of preference program

we, as part of the dda, which have done some great things about helping residents increase their financial situation, to improve their quality of life. i do come under that purview. and, so, i'm going to conclude my presentation with just saying that as a -- also as a homeowner, a voter, that i need the assistance of your committee. i am qualified. i mentioned to you that i'm certified, and i would look forward to someone reaching out to me in the near future because preparation is everything. thank you so much for your time. i do have my contact information is dianne smith. and it's bbhp realtors for bayview hunters point at comcast.net. and you can find my phone number. thank you so much for your time. i look forward to hearing from someone. >> thank you so much. madam secretary, are there any more speaker cards? >> no other cards. >> seeing that there's no other public comment, i want to close public comment at this time. and i believe we will go into short recess and we will resume when commissioner rosales returns. >>please stand by; meeting in recess >> are we recording? >> just a mo

we had questions before, but definitely talk about the dda today, yes, talk about that. but >> but the m-o-u is coming back at some point, right? >> yes, the m-o-u was calendared for your second meeting in march, march 18th, i believe. so, we would expect to tackle a lot of those issues. there were a number of follow-up items and questions you and members of the public had. so, we're in the due diligence period, making sure we're responding to your questions and concerns with the mayor's office of housing community development. >> okay. i would say let's see how march 18 is shaping up. i don't want to -- there's lots of other things in the m-o-u and i don't necessarily want to high jack the whole discussion with certificate of preference because i think there are some questions that won't be answered by the m-o-u that we need answered how they're going to manage it, how they're going to develop that, how are they going to extend it. i don't want to get caught in that. maybe we can make it the same day hopefully. >> but you're not going to be here. >> oh, i'm not going to