commissioner johnson madam chair the vote suicide 5 i's >> thank you very much. next item. >> thank you, madam chair the next order of business is item of public comment on non-agenda items. >> thank you. do we have any public comment nobody in the room. thank you very much >> next item. >> or you're in do you want to comment. >> okay. >> she's an interim. >> oh, come and say hi. too bad for you, you should have left when everything everybody left >> i'm ann i'm the sgirm for the summer 83 at ocii. >> where you from. >> from washington high school. >> oh, very nice. >> i'm becoming a senior next year. >> what college are you going to (laughter). >> i don't know yet. >> good answer. you're going right (laughter) not yet. >> wow. pressure. probably the rest of her family >> i want to thank you. thank you. (clapping.) >> oh, we can clap, huh? >> thank you do you hear with you asked. >> what was your answer? >> i said no comment. >> very good she's ready for prime time and the next order of business. >> report of the chair. >> thank you very much. i don't have a repor

chairperson johnson. madam chair the vote is 5 i's >> thank you all for coming today call the next item. >> the next order of business is item 5 e and it will be called together. 5 e authorizing a personal contract with the jones a professional last night for the services in an amount not to exceed $122,000 related to the issuance of sfoifg finance authority revenue bonds and taxable allocation refunding bond. discussion and action resolution number 49, 2014 and item 5 f authorizing a personal contract for the bartley a professional law firm for the consulting in an amount not to exceed 15 thousand for the revenue bonds series 20 12k4 will 14 b and the bond series discussion and action resolution number 5014. madam director >> thank you. this is the refunding of bonds we have an opportunity to refund bonds given the current market that refunding will save us monies our debt portfolio will taper down those are professional services contract that is enable us to refund and with that, i'd like to ask our senior fi

madam clerk wall roll. >> commissioner ellington. commissioner mondejar i ab abstain >> commissioner singh. commissioner rosales. chairperson johnson. >> sorry. >> 4 i's and one attenuation. >> slow it down i'll entertain a motion on the second set of minutes. >> so moved. >> thank you very much is there a second madam clerk call roll. >> commissioner members. commissioner ellington. commissioner mondejar abstained i was absent >> commissioner singh. commissioner rosales. chairperson johnson. there are 4 i's and one at about stipulation >> next item please. the next order of business is the regular consent calendar 5 c for the xhifrping of the reagency of the city and county of san francisco community facilities district 7 hunters point shipyard phase one improvement not to exceed $40 million approving a preliminary official assessment and the constitutions of the statement and other actions properly relating there hunters point shipyard the confirming reduce the resolution number 47, 2014 >> madam director. >> thank you. here we go thank you make secretary good afternoon to the commissioners and members of the public. commissioner

commissioner johnson >> thank you very much. >> madam chair can i respond to a couple of things. >> typically we don't we want to get the thought maybe a collective thought after we go through. >> okay. thank you very much. and thank you to everyone that made public comment that's been here for so long i love how my first 3 meetings have been fantastic a i agree with the commissioner i don't we'll be able to get through a decision and the daniel spaghetti how are we going to decouple rentals how you look at should we regulate single-family dwellings. so i think we hopefully maybe can respect supervisor chiu and his right to do with hits legislation it behoves us to get our ideas to come up with something. this is a list and hopefully it will be the first time and last time i've talked but i want to starter by saying that i definitely building that living unit are for living shared housing allows us to get to one hundred percent of housing units you can't force anyone to represent out a room if they don't want to this allows more utilitytion a couple of things i want to run down and i took not

johnson. >> thank you, madam chair. i appreciate you holding this hearing. this is, i think, an extremely important issue. i think it's a tragedy that we've enticed our children to ip cu now about $1.2 trillion in student loan debt collectively. i had a finance professor in college before we ever talk about cost of capital and all the complex be issues with corporate finance, he spent a day just talking about personal finance. the reason they call a debt a bond is because when you go into debt, you put yourself into bondage, and you want to avoid that. so i certainly took that to heart. i, of course, had the advantage of growing up and going to college in the '70s when college was a lot cheaper. worked full time and rather than leaving college with close to $0,000 this debt, i -- $30,000 in debt, i left with clash 7,000 in the wang -- $7,000 in the bank. i've actually been using this in my powerpoint presentation as i travel around the state of wisconsin. just laying out some facts and and a little food for thought here. what this chart shows is that in 1963