being activate the lafco locally the lafco established their mission bay and created a work plan for the adaptation of a conceptually model of gfrnsz for the future of san francisco including among other things a straight utilities strict within the framework of the city and services at the pleasure of board in 2007 when i became clerk of board the economy was in recession he determined at this point that lafco had a massing one million dollars carried forward i worked with lafco they've agreed agreed and the board of supervisors agreed that the lafco instead of proofing more dollars would conduct a general lafco business under this agreement lafco retired the reporter for primaries in the future if approved by the board fast forward the chair is reaching it's end life in 2007 the board requested that lafco take on additional roles of the project so do to they asked for clerking assistance when the board of supervisors authorize via motion and memorandum of understanding was created between the puc and the lafco for the ability to utilize costs not to exceed $2.1 million for a virus

the budget is based on those assignment that lafco is working on the projects could you know be the higher budget or the same level of funding maybe needed to depending on the direction our commission gifdz lafco gives itself. >> through the chair if i can make one point clear we'll include billable hours with the clerk it's the expectation that the choofa will remain full-time and he will indicate which hours he's spending cca and i understand where you're coming from. >> well, i think i get that i know we'll continue down that path i'm expressing in the future based upon the amount of workload for this position things may change thank you, thank you commissioner crews i had a followup question supervisor breed's as a full-time executive director through this budget process i see sort of going forward this is something i'll put on the radar i make sure we have assignments and interests i know that the supervisors that are certainly interested in studies going forward i want to be cognizant when we are thinking about future of lafco and utilizing mr. frooedz time we currently give h

. >> to you now jason fried lafco. >> i have a power point presentation that i'm going to go through i might go a little bit quicker out of respect for time first off to go over the basic budget process we're american people independent state authorized commission and the local act establishes lafco our budget process is a 3 step process that is used we have to have a proposed budget presented and approved by our commission by may first that has occurred we have 92 we treatment that to the city and county of san francisco and mr. lafco this is the counties and special integrity in that county gets that we've done that and final budget presentation by june 15th we have our planned for the may 16 meeting and then from that all lafco is fund by the san francisco's case we're extinct from the san francisco and work for the purposes of helping united states out with back office work so moving on the annual budget is 200 plus thousand dollars that was established and boontsdz the regulations that will be our allocated amount every year for the past seven years based on the down turned in 0

presentation by june 15th we have our planned for the may 16 meeting and then from that all lafco is fund by the san francisco's case we're extinct from the san francisco and work for the purposes of helping united states out with back office work so moving on the annual budget is 200 plus thousand dollars that was established and boontsdz the regulations that will be our allocated amount every year for the past seven years based on the down turned in 0708 lafco this was before my time with lafco worked with the city and county to return that money we've been running it we had a large reserve it was over $900,000 and now to a point we nonetheless have enough of reserve to fund our operations so by the end of this year we'll on the other hand, with we'll have below the amount we need we have an additional amount of money we draw with the special agreement with the c puc so one thing we've daughter-in-law over the course of the this year to create and make sure we're spend our money wisely any money we request is well documented addressed taken care of some of the cost we've brought th

. >> good afternoon today is thursday, may 14, 2015 welcome to the lafco of the city and county of san francisco in my mind is supervisor john alavos of chair joined by right commissioner crews. >> commissioner mark farrell today is clerk is lisa and today is brought to you bus the commissioner honda jim smith and charles kremenak madam clerk any announcements? >> questions great, thank you at all did first item. >> call to order of roll call. >> we'll done a role of sorts of on to item 2. >> approval the loovks approval of the minutes for the special meeting colleagues you have the note any questions or comments changes seeing no comments open up for public comment on our minutes any public comment on this item? and seeing none, public comment is closed and if we could have. >> so i move approval of the minutes. >> second by commissioner crews and we'll need to roll call vote we'll take that without objection. okay. we'll ago ton to we need a change of order of anything item 3. >> item 3 consideration and approval of the final lafco budget for 2015-2016. >> jason fried executive offic

jason fried lafco staff our legal services is on a year to year basis one small change ms. millers firm is meeting with 0 another firm made up of city attorney's this is a positive thing not only do we get ms. millers continued experience but should we have questions own other things in the city ms. miller will have someone else to go to i think that is a positive step in the right direction we're asking for a not to exceed rate the same as last year should the commission wish to be in the extended agreement we can terminate the agreement at any to me time i see no reason as staff we don't want to discontinue it relationship. >> we're doing an amendment. >> correct. >> it included the new entities our new parkinson's correct. >> congressmen's questions or comments okay. on to public comment i'm hold my bracket for any members of the public that wishes to comment that being said. >> colleagues a motion to support the amendment. >> motion from commissioner crews and second by supervisor mar we'll take that without objection. great item number 6 please. item 6 status update fo

. >> jason fried lafco staff we now have a definite out that is under review today is the last day for people to be presenting comments i'll be on vacation i'll not mind i'll view the at that time as turned in today i'll add those items the basically a highlight of the what's in the report if sfgovtv put on the laptop there we go. >> the objective u objective to expand the underground wires and network within the city we've looked at major areas we looked at the old 96 under grounding program and 200 under grounding possible way to reduce the potential fund resources we go looked for while in doing this study the high-level viewing view it is funded through rule 20 pretty much all under grounding is done and rule 20 a a source money that taken out of all folks bills we get a small allocation st. system wide there's a 0 whole portfolio one small problem it is a small amateur of money to compared to the costs of doing the work the system got in trouble pr before they gave us a cost estimate of one million dollars it was more than 3 and a half million dollars going up to $5 million for $4

. >> that's why you have lafco do it. >> commissioner crews. >> thank you, ms. hale and mr.reed you cannot couldn't have set me up for 0 any question better what about the updates. >> i'll get back. >> can you e-mail me. >> absolutely you asked for that and i neglected to do that. >> supervisor breed. >> can you e-mail us the presentation i can take a closer look at it even with my glasses it's hard to see on the screen. >> i'll do that any other questions by the way the regulatory i didn't want i wanted to rim you ear expecting pg&e to have their green option letter this is the filing they're planning to do in program roll out and price that's an anticipated filing we'll report when we see that and had the chance to summarize it other than that there is no other activity to report at this time. >> thank you for your presentation that was useful information today earth day so happy earth day to everyone it was to the be considered that was earth day and i forgot all about it now i'm wondering if there's been i guess any you know april 22nd is earth day and this month has the

. >> what would be great to have maybe for next lafco meeting to have you know where the market is like the supervisors to be able to see if it is possible to put together for next month or month after to get a sense of what products are out there and a kind of moderating is that something that can be done. >> we'll be happy to bring that back in the 2 most timeframe. >> great, thank you. >> no other questions any other thing to add to the presentations so thank you for great to see the progress that's being made and i feel there like that was a good sharing of information for us so we're going to open up for public comment anyone who wants to comment please come forward we'll public comment is closed. ? an informational item so we don't need a vote so let's go on to the next item. >> item 530 years think an amendment with miller and owen merging with the holtzman and llp for one term of one year. >> jason fried. >> jason fried lafco staff our legal services is on a year to year basis one small change ms. millers firm is meeting with 0 another firm made up of city attorney's this is a p

see urging executive officer frooedz report as a launch point now to get to the next big thing that lafco ought to work on making sure we have low-cost fiber broadband to ever home and business in san francisco like in chatting nothing tennessee people pay low fees it is what we saw supervisor farrell come out with yesterday with respect is not that picture it is the kind of thing we with health care just like water and sewer and contribute and other public serviced and like our roads and highway especially broadband internet should be a public thing built built and owned by the government and public what we saw from department of technology in the hearing recently didn't reflect that we were going to go for making this a public utility that is big and low-cost to consumers and critically to small businesses that need a booster right now we really need lafco to get on this - >> (inaudible) strike while the iron is hot. >> thank you seeing no other members of the public in the room we'll close public comment do we want to go on to item 6 can we call 6 and 7. >> executive officer report and

said to me previously or maybe mentioned in our previous meeting there is had been some items that lafco had tabled that like report that you may be starting doing or discussed being done and i wanted to see for the next lafco meeting we could have just a summary of reports that have been start and not finished to get a pipeline of projects going forward and i'd like us to start to that about what to study after the undergrounding report and the open for election report for final as we look at the next 3 to 6 months out where do we go from here if that is of interest to others we could put that on the agenda for the next lafco meeting and start to think that about and open up to other supervisors who may have an interest in using lafco for the great work we do. >> happy to do so. >> thank you a good suggestion also want to reiterate my request for a hearing in a couple of months what the market is for power purchasing and i'm not interested in the people providing the empower but products where they're from is that an in state market general description of the market looks like we'll pre

i'm sorry i do have some cards jason fried. >> jason fried executive officer of lafco thank you it is a kind milestone for the program not to exceed rates and moving forward it is extremely important i know my commissioners are very excited about this they would be here but at the board of supervisors pacific ocean the procurement legislation that is at equally as important so hopefully by the next time you meet in two weeks you'll have any legislation passed on the second reading and signed by the mayor by the time this meeting happens and have those authority to be issuing the r f o soon thereafter for the power procurement as the process move forward i want to encourage the continuing and commissioner moran 42 thank you for more information shared and needed as well as knowing what the community outreach plan looks like i received an e-mail there is a stakeholders meeting next month we'll be getting good feedback on what makes a good outreach program i'm looking forward and sister-in-law that will pass in case you needed encourage to vote yes on the measure thank you. >> let's see

i'm sorry i do have some cards jason fried. >> jason fried executive officer of lafco thank you it is a kind milestone for the program not to exceed rates and moving forward it is extremely important i know my commissioners

i'm sorry i do have some cards jason fried. >> jason fried executive officer of lafco thank you it is a kind milestone for the program not to exceed rates and moving forward it is extremely important i know my commissioners are very excited about this they would be here but at the board of supervisors pacific ocean the procurement legislation that is at equally as important so hopefully by the next time you meet in two weeks you'll have any legislation passed on the second reading and signed by the mayor by the time this meeting happens and have those authority to be issuing the r f o soon thereafter for the power procurement as the process move forward i want to encourage the

. >> good afternoon today is thursday, may 14, 2015 welcome to the lafco of the city and county of san francisco in my mind is supervisor john alavos of chair joined by right commissioner crews. >> commissioner mark farrell today is clerk is lisa and today is brought to you bus the commissioner honda jim smith and char

afternoon commissioner eric brooks san francisco green party san francisco i want to say what jason fried lafco said those points are good points i'll get to joid was not able to get to the elephant that the room that has been written about for decades if not more the trick of the nicole substation and the last 15 miles the assets on the screen because of quote/unquote reregulation would be good assets if we make sure our power line ran from the hetch hetchy to san francisco without toughing any per diem touching any wires you keep wires separate we should have bun or duplicate that with the transition and distribution relationships it is time that decades have gone but of pointing out this out in the month and many people claiming we get to cochran the egg of lived our own final transitions not touching the pg&e worries and those assets will be good assets and be very beneficial to the city all the customers of the hetch hetchy power system and very beneficial to community choice agreeing gas station thanks. >> thank you any other comments from the public commissioners. >> moving on could you

. >> lafco demonstrated it better in the engineering their portfolio than others we feel that my name is went through the same cycles through the 2004 they sold all the assets and 2007 fund a tough time to start a fund they're doing well. >> i find the 2007 fund they still put in a lot of the money fast when you look at 2006 or you know or right around there that's when we put it in quicker or 2005 i just seen the worse of the worse so i've gone through each one as you said they were the bank and they couldn't even get the loan from the bank so long as we're not loading up what good many and the nordic system is- >> if you recall over the last couple of years we've emphasized managers that are 55 and 50 actual under that in many cases it is depending on the market we do take into account we get comfort that my name is. >> my name is will recognize that how they've used the leverage in the most recent fund gone to the protection textbook d only the rate of 64 against an l t v covenant they don't put themselves in that sdajsz position. >> what's the maximum l t d. >> depending on the ti

. >> jason fried lafco staff i want to talk about the different price levels for the different wholesale fees commissioner moran you are correct in my opinion the one cent is something a decided fork to pay clerical advocating for cca i have to run. >> business and it should be paid there are some of the steps to looked at i would say what is the product your offering a g h product but offer a permeate and part of the coping in shape is part of more money it is a higher standard product the cc organization will have to pay the fillmore and shaping and give you the stretch that's the preemptor beyond did wholesale market value one of the things that's important inform remember y c a is helping to pay for other services and when you going back go back to slide 49 go sf i've argued that cca is not the full funding revenue for sgro but the report bringing the work 90 in house how to charge it it could be somewhere there are a lot of factors not incorporated into that price that helps cca and

. >> good afternoon and welcome to the lafco i'm supervisor avalos the chair of logical today is clerkl the announcem