, as stated in your report. >> the funding for 1828 egbert is. >> not for 777 brannan. so the project is being funded through cops. >> correct. >> thank you for that clarification. i see that you have an amendment there for us, for the director of real estate to report back in january of 2020 about the use of 777 brannan since we have a ten year lease on that. got it. are there any members of the public that they to comment on this item? i see one public speaker. >> i was just curious, it seems like this will be occurring rent during the six to nine month lease period. is there an estimate on the amount of money that they will be receiving over the six to nine months, and are you factoring that in the sales price at all? >> thank you very much. public comment is now closed. actually, i think the public speaker brings up a really good question. so if you wouldn't mind? >> chair fewer, real estate division. actually, they will not be getting revenue during that period in here is why. the seller has $5 million in holdback that is dependent upon them timely vacating the ten

clerk: item 44, resolution to approve real estate division to acquire real property located at 1828 egbertvenue from san francisco's self storage number three llc, doing business as 1828, for the purchase price of $67.3 million and to adopt the appropriate findings. . >> clerk: . >> supervisor yee: can we take the same house same call? without objection this resolution is adopted unanimously. madame clerk, please call the next item. . >> clerk: and ordinance to amend the building code to waive specified fees from 100% affordable housing projects and certain accessory dwelling units , projects for an approximate one year pilot program and to affirm the sql determination. . >> supervisor yee: supervisor mar. >> thank you. finding a balance between incentivizing adu's and ensuring larger real estate investors, and landlords are not granted public subsidies they do not need. eighty years are very appropriate strategy to add density to the district and other website neighborhoods. the fee waiver aims to incentivize adu production where it has been underdeveloped and single-family homes, small a

so will strong results send the stocks even higher we have john egbert and matt from guggenheim withy. john, let's start with you we'll talk a couple minutes about snap this not unlike chipotle, was a stock that was flat on its you know what about a year or so ago. it's up 166% if i didn't buy sooner, is there still time to buy later? >> yeah, we think so snap has done a great job stabilizing its audience base. i think the declines we saw last year are what drove that move in the stock downward after the controversial app redesign, they have gone back and fixed issues that were out there. users are coming back. they saw a benefit in may from some of their viral filters and then even after may, we're seeing more users sticking around we're looking for a few million dau additions this quarter and we think they can continue that momentum going forward >> it's very hard, john, to dislike a stock that's up 167% in a year. but it is also equally hard for me to love a stock that is losing millions, tens of millions of dollars every quarter. when are they going to make money and how? >> we t