reed: thank you, madam speaker. i rise today as a proud primary sponsor of the subject resolution that is before the desk. madam speaker, i'd like to start my conversation with a few numbers. 15.2 trillion dollars. that is the size of our national debt. we as a nation are borrowing at the rate of $58,000 per second. that is approximately $45,000 for each man, woman, and child in america. this type of debt is not sustainable. madam speaker, this resolution is offered today to send a message to the nation and to the world -- >> madam speaker, the house is not in order. the speaker pro tempore: the gentleman is correct. the house is not in order. the house will be in order. members are advised to take their conversations from the floor. the gentleman is recognized. mr. reed: thank you, madam speaker. this resolution is submitted to send a message to the nation and to the world that this chamber is going to lead and not hide. we are going to deal with the issue of the national debt once and for all because it is time. t

so we'll keep working on that. [ applause ] >> good morning, madam secretary. my name is doris mcbride. i'm in the bureau of economic and business affairs. as you know, even though there are some agencies that are growing, we are not the only agency that is facing difficulty in terms of resources. you mentioned earlier, for example, the department of energy as well, but you didn't mention the department of commerce are among the agencies that we work with closely that are having resource issues. and i'm wondering what your thoughts are about that and how that affects their ability to engage in diplomacy with us overseas. >> that is a really good question because, you know we have worked hard to make the case for state and aid resources. and i'm knocking on wood. but we've done better than many would have ever expected because we've been really focused on making the congress understand that all the things that they want done, like increase the numbers of people processing visas in china and brazil and shorten the time takes money and takes people. but it's harde

madam speaker, the sky is blue. at this time, i ask congress and the president to join the rest of the world world -- real world, i yield back. the speaker pro tempore: the gentleman from michigan. mr. levin: how many more speakers do you have, mr. reed? mr. reed: we have three or four. mr. levin: i reserve. the speaker pro tempore: the gentleman from new york has 23 1/2 minutes remaining and the gentman from michigan has 17 1/4. the gentleman from new york. mr. reed: madam speaker, at this time i'm ppy to yield three minutes to the gentleman from pennsylvania, mr. fitzpatrick. the speaker pro tempore: the gentleman from pennsylvania is recognized for three minutes. mr. fitzpatrick: thank you, madam speaker. madam speaker, i am here to state the obvious, that the federal government still spends too much and it borrows too much. president obama has asked the congress to raise the debt limit by $1.2 trillion. let's put this number into perspective. there are 83 million families in the united stas. so what the presiden

madam speaker.ise today as a proud primary sponsor of the subject resolution that is before the desk. madam speaker, i'd like to start my conversation with a few numbers. 15.2 trillion dollars. that is the size of our national debt. we as a nation are borrowing at the rate of $58,000 per second. that is approximately $45,000 for each man, woman, and child in america. this type of debt is not sustainable. madam speaker, this resolution is offered today to send a message to the nation and to the world -- >> madam speaker, the house is not in order. the speaker pro tempore: the gentleman is correct. the house is not in order. the house will be in order. members are advised to take their conversations from the floor. the gentleman is recognized. mr. reed: thank you, madam speaker. this resolution is submitted to send a message to the nation and to the world that this chamber is going to lead and not hide. we are going to deal with the issue of the national debt once and for all because it is time. the p

ed: thank you, madam speaker. and i thank my colleague on the other side of the aisle, mr. levin, for engaging in this debate today. it's so important, in my opinion, for the future of this nation, the future of the world , in the sense we need to get this issue under control once and for all. the national debt is a serious threat to our very existence as an american nation. you don't have to take my word for it. you can take the word for the former joint chief of staff, admiral mullen, when asked by the president what is the biggest threat to our national security and admiral mullen responded, not a military threat but the national debt, a fiscal threat is what jeopardizes us most in regards to our national security. when i hear that type of opinion and advice coming out of our military leaders, i'm very concerned. and it should send a message across the nation that this debt needs to be addressed. but it doesn't necessarily just need to be addressed for the purposes of the threat it represents to our national se

thank you, madam chair. mr. sanders: madam president.he presiding officer: the senator from vermont. mr. sanders: thank you, madam president. madam president, it is no great secret that our country today faces many enormously difficult problems. we remain in the midst of a very serious recession. real unemployment is at about 15%. our middle class continues to decline. the gap between the very, very rich and everybody else is growing wider. 50 million americans have no health insurance. millions of young people are struggling, trying to figure out how they are going to make it into college and pay for their college education, but in the midst of all of those problems, i hope very much that we do not forget about the problems facing one of the most vulnerable sectors of our society, and that is senior citizens. we are an aging population. that's no secret. today and every day, some 10,000 americans reach the age of 65, and if we as a nation do not begin to address the very serious reality of an aging population, we are going to be in a lo

>> thank you, madam secretary. the first question from the sounding board comes from michelle nichols in kabul. she wants to know what will the footprint of the department be in afghanistan as we progress through transition. >> well, that's a very good question. and just about ten days or so ago, i called our team in afghanistan, had a conference call with many, many of the really extraordinary people serving there, not just from state and aid, but from our whole government. and we are going through that process now to evaluate as the transition continues in afghanistan and the military footprint draws down and transitioning areas are transferred to afghan lead. our civilian mission will have to shift its focus from stabilization and support to the military to long-term development and building afghan capacity. we have over 450 civilians right now embedded in nearly 80 locations with the military, primarily u.s., but also nato isaf forces. we will be gradually consolidating, our present thinking is, into four endur

so thank you. >> good morning, madam secretary. my name is susan johnson. i'm the president of afsa. i'd like to thank you for that excellent and exciting update of qdtr implementation and for your really inspiring advocacy for all of us to embrace change, participate in it and see what we can do to make our agencies more effective in advancing and protecting u.s. interests. so thank you very much. afsa really welcomes this. >> thank you. [ applause ] >> madam secretary, president obama led his state of the union address with the remarks, and i'll quote, "last month i went to andrews air force base and welcomed home some of our last troops to serve in iraq. together we offered a final proud salute to the colors, under which more than a million of our fellow citizens fought and several thousand gave their lives." the president continued, "for the first time in nine years there are no americans fighting in iraq." madam secretary, you know that all of us salute the accomplishments and sacrifices of our military colleagues and in fact many in our community are

thank you, madam president. mr. reid: i'm very happy that i had the opportunity to hear -- the presiding officer: the majority leader. mr. reid: i am happy to hear what that amendment does. thank you. mr. president -- madam president, i ask unanimous consent that the senate now proceed to consideration of s. res. 359. the presiding officer: the clerk will report. the clerk: senate resolution 359, commending alan d. frumin on his service to the united states senate. mr. reid: i'd ask the clerk to read the entire resolution. the presiding officer: the clerk will read the resolution. the clerk: whereas, alan s. frumin, a native of new york and graduate of coal debate university and georgetown university law center began his long career with congress in the house of representatives, precedents writing office in april of 1974, whereas alan s. frumin began work with the secretary of the senate's office of the senate parliamentarian on january 1, 1977, serving under eight majority leaders; whereas alan s. frumin served the

reed: thank you, madam speaker. this resolution is submitted to send a message to the nation and to the world that this chamber is going to lead and not hide. we are going to deal with the issue of the national debt once and for all because it is time. the path that we are on is not sustainable. it is a path of bankruptcy, it is a path that will destroy the american dream if we do not stand up to the plate and lead us out of this fiscal nightmare that we now find ourselves in. now, many people in this town and in this chamber and in the chamber on the other side of the capitol probably would like this issue to go away until after the election. the problem is is that the issue will not go away. and even though if we don't want to deal with it politically, we need to deal with it substantively. and my resolution that is before this chamber will send a message that the constant borrowing on the backs of our children, our grandchildren must come to an end. i quote the words of our own president when he was senator in th

thank you, madam speaker. the speaker pro tempore: the gentleman yields back the balance of his time. the chair recognizes the gentleman from california, mr. mcclintock, for five minutes. mr. mcclintock: thank you, madam speaker. long ago jefferson warned that the natural progress of things is for liberty to yield and government to gain ground. the exceptions to that rule have been few and far between recently and they ought to be celebrated when they occur. as one did just this past week with the announcement that supporters of the so-called stop online privacy act and the protect intellectual property act have indefinitely postponed their measures after an unprecedented protest across the internet. sopa and pipa pose a crippling danger to the internet because of a copyright infringement as an excuse for government to intrude upon and regulate the very essence of the internet, the unrestricted and absolutely free association that links site to site, providing infinite pathways for commerce, discourse, and lea

seeing none, madam clerk, is there anything else on the agenda? >> no, madam chair. supervisor kim: thank you. meeting is adjourned. >> sanrio famous for the designs for hello kitty. i thought i would try to make it as cute as possible. that way people might want to read the stories. then people might be open to learn about the deities and the culture. ♪ they reached out to make about five or six years ago because of the book published. they appreciated that my work was clearly driven from my research and investigation. after i contributed my artwork, the museum was really beside themselves. they really took to it. the museum reached out to me to see if i would be interested in >> all right, good afternoon, everyone. welcome to the thursday, january 26, 2012 meeting of the government and all the site -- government audit and oversight committee. i am supervisor farrell. supervisor chu, out of deference with the other supervisors who want to be here, is in his office walking attentively. i'm also joined by supervisor scott wenner, supervisor olague, and supervisor camp

. >> thank you, madam chair. i would like to, first of all, extend a very warm welcome to the two young men and four young women who are testifying before this committee. and you are having an experience that hardly any other individuals your age will ever have. and that means that you're now famous -- [laughter] you can start your own reality tv show. thank you for being here. to share your own personal experiences. you can't turn on the television or go out any place during this time of year without seeing at least the attempt to create a festive environment. this is a holiday season that generally captures the attention of just about everybody in this country. it is difficult, however, for me having read your testimony to feel the kind of festival atmosphere that i would normally enter during this time of the year. why? i have four children, and while i look like i'm in my 30s, i actually have three grandchildren -- [laughter] and it is a bit painful to read your testimonies. there are, there's nothing that ca

>> thank you, madam chairman. madam chairman and members of the subcommittee, thank you for the opportunity to be here today to present our findings region oversight and management of arlington national cemetery. as you know we issued our report on december 15, and my testament today will be based on our report. i will make two points today. first i will discuss the policies and procedures the current leadership team at arlington has put in place to manage the cemetery and i will again by some of our recommendations to assist in that endeavor. and second, i will discuss some factors affecting the feasibility and advisability of transferring arlington from the army to the department of veterans affairs, the da. here is the bottom line. i think it is fair to say the current leadership team at arlington has taken many positive steps to address the deficiencies at the cemetery and make improvement. the army has made progress in a range of areas including improving chain of custody procedures to ensure proper accountab

madam clerk, please call item number four. >> item four, lafco calendar for 2012. supervisor campos: this is the proposed lafco calendar from the 2012 year. let's hear from mr. jason fried. >> what you have in front of you is a calendar for meetings to help us make sure we're able to get the schedule far enough in advance. we take the traditional fourth friday from the previous year and continue to that, with some exceptions in may. we went to the third friday because the fourth friday, and that leads into memorial day weekend. i wanted to make sure we have a quorum. in august, we take a break. in november and december, we can find those two meetings for the holidays. it will be at the beginning of december. that is the schedule that is proposed of the board wishes to accept it or not. supervisor campos: colleagues, we had a schedule that is proposed. i do not know if any of you have any comments to the schedule or any proposed changes on the schedule. of course, you know, whatever action is taken here is taken with the understanding that there could be amendments

supervisor campos: thank you, madam chair. i want to say thank you to supervisor wiener for bringing this forward. i want to thank members of the public who are here for a couple of the items that are connected to this issue. i support the idea of consolidating the elections for a number of reasons, which supervisor wiener indicated. but for me, the main thing is the simplification of the process and making it easier for the voters to come out and vote, and to the extent that you can have one if your election, i think that makes sense and comes with savings. as supervisor wiener indicated, this specific proposal is a part of a charter amendment that supervisor avalos and i have introduced. we will have an opportunity at the board to decide whether or not to put one or both or all three but i do support the concept of consolidating the elections. in terms of the different ways that this could have been approached, i appreciate the choice that supervisor wiener made of it is essentially having an election sooner, two years, not

madam clerk, could you read our special order? >> -- clerk calvillo: public comment for this item will take place during general public comment. president chiu: welcome back, mr. mayor. you could address the board for any item you want to during the first few minutes. mayor lee: i am glad to be back for the last question time of the year. we have been taking important steps to track things in the city, and we are expanding on our apprenticeship programs to make sure we are hiring san franciscans and to refocus on our neighborhood commercial corridors. we have also together put finishing touches on what i call once in a generation projects, like park merced and treasure island, and working together, we have balanced this year's budget in a fiscally responsible way and without compromising our ideals. i want to say to you though that we all just heard the governor released his budget predictions for this year, and as you know, there was $4 billion in revenue that the governor had intended with the state legislature to close. they we

madam clerk, please call the next item, 46. clerk: item 46 was considered by the rules committee at a special meeting thursday december 8 at 1:25 p.m. and forwarded to the board as a committee report, the motion appointing supervisor cohen, term ending june 30, 2012, to the peninsula corridor joint powers board. president chiu: colleague, could we have a motion to excuse supervisor cohen. without objection, she shall be accused. roll call vote on this item. clerk: on item 46, supervisor elsbernd, aye. farrell, aye, kim, aye, mar, aye, mirkarimi, aye, weiner, aye, avalos, aye, campos, aye, president chiu, aye, supervisor chu, aye. there are 10 aye's. president chiu: the motion is approved. items 47. clerk: item 47 through 52 were considered by the rules committee at a special meeting on thursday december 8 at 1:30 and was forwarded to -- were forwarded to the board as committee reports. item 47 is an ordinance authorizing settlement of the lawsuit filed by patricia tanneato against the city and laguna honda hospital for $75,000,

madam clerk, please read item 24. >> item number 24. motion appointing supervisor eric mar, term ending november 28, 2012, to the california state association of counties. supervisor chiu: without objection, he shall be reduced. can we take a roll call vote? >> [roll-call vote] there are 10 ayes. supervisor chiu: the motion is approved. item number 25? >> item number 25. motion approving the mayor's appointment of richard hillis to the board of appeals, for the term ending july 1, 2012. supervisor chiu: roll-call vote, please. >> [roll-call vote] there are 11 ayes. supervisor chiu: the motion is approved. item number 26? >> item number 26. motion appointing supervisor carmen chu, term ending june 30, 2013, to the association of bay area governments executive board. supervisor chiu: without objection, she shall be excused. roll-call vote? >> [roll-call vote] there are ten ayes. supervisor chiu: the motion is approved. let's skip over the 3:00 p.m. special order in go to item 29. >> it was considered at the regular meeting, monday, januar

supervisor farrell: thanks, madam clerk, colleagues. one in memoriam today and i would like to adjourn today's meeting in memory of a good friend, patrick landers, who died on tuesday, december 6, after about a one-year battle to lymphoma. patrick was a native of washington, d.c. and although he remained a rins -- redskins fan, he worked for the giants for i believe over a decade, you will never have met a bigger giants fan here in san francisco. he was able to celebrate our 2010 world series championship. he is survived by his two sons, aden, who is 6 years old, and ty, who is 3. he passed away earlier this month at the age of 38 and his wonderful wife, christine landers. he was an eagle scout and olympic torch bearer in the 1996 games in atlanta and all-around great person, infectious. he had his funeral or service today at at&t park where the giants opened up the stadium for him and his family and a few thousand people. it was at 1:00, right before our board meeting, so i was able to go for about half an hour and just an incredible l

[applause] >> good morning, madam secretary. my name is doris mcbride, i am in the bureau of economic and business affairs. as you know, even though there are some agencies that are growing, we are still not the only agency that's facing difficulty in terms of resources. you mentioned earlier, for example, the department of energy as well you didn't mention, but the department of commerce are among the agencies that we work with closely that are having resource issues, and i'm wondering what your thoughts are about that and be how that effects their ability to engage in diplomacy with us overseas. >> that is a really good question. because, um, you know, we have worked hard to make the case for state and aid resources. and, you know, i'm knocking on wood, but we've done better than many would have ever expected because we've been really, um, focused on making the congress understand that all the things they want done like increase the numbers of people processing visas in china and brazil and shorten the time takes money and tak

>> madam chair, deputy city attorney here. no, you do not. the new agreement would be lodged with the committee. and if the committee desired to move the new version of the agreement for work, then that would be the vote could you do not have to move to make an amendment. supervisor chu: thank you. colleagues, given the presentation, i think that we certainly got more information today. we certainly have improvements with regards to the amendments, the first three, in addition to that last suggestion. but i would be uncomfortable sitting this item forward to the full board at this time because there are so many moving parts to it, and i prefer we get most of this information solid at the committee before we send it forward. it would also get the budget analyst time to reflect the changes in the budget analyst report, which i think will be useful as we continue to talk about the speed of at the end of the day, we will be able to make improvements through the amendments to change the financial picture for the city and to provide additional guar

and with that, madam clerk, could you read the memoriams? >> yes. today's meeting will be adjourned in memory of the following individuals. on behalf of supervisor campos for the late mr. arnold ellis. on behalf of supervisor elsbernd for the late miss lillian francis david clark and miss cheryly ahern. on behalf of the full board for the late mr. john buchanan. president chiu: and, madam clerk, do we have any more business in front of this body? >> that concludes the business. president chiu: at this time we're adjourned -- we're adjourned. thank you, everyone. ♪ meet cathy, who's lived most verywhere, from zanzibar to barclay square. but patty's only seen the sight, a girl can see from brooklyn heights, what a crazy pair! ♪ cathy: oh my, patty. did you find all your files? patty: finally! who knew it would be this much work when richard and i decided to retire! cathy: well, what are you going to do first? patty: we're heading down to brooklyn heights and start in on that social security paperwork. cathy: why would you do that? patty: what do you m

madam clerk. roll-call. >> [roll call] the item passes. commissioner campos: thank you. unless there is an objection, i would like to call item eight, out of order. >> item 8. reprogram $4.846 million in 2010 congestion management agency block grant funds from the department of public works' second street streetscape project to the cesar chavez streetscape project, the second street sfgo signal upgrades project and the market/haight street transit and pedestrian improvements project. this is an action item. commissioner campos: colleagues, this is an unusual item coming before the commission without having gone to committee. normally, i do not believe in making that practice, but as i understand it, we have a very short deadline that has to be taken into consideration. unless that deadline is met, there is a possibility of losing that funding. nevertheless, i do have comes -- some concerns. we are talking about an action that involve millions of dollars being taken. i know, at some point, we will hear from commissioner jane kim, because this is happening in her district.

>> good morning, madam president, commissioners. further tests sanchez, and i am speaking for myself. i had the privilege of being the adopted goddaughter of jimmy herman in his last years of his life, so i had a very personal relationship with him, and i was privileged to have that. one of the things i wanted to share with you is that people have been talking about a lifetime and the years that they have been trying to bring a new cruise terminal to our report. it is appropriate that you're taking this vote today at city hall, because i remember 22 years ago as a then young staffer for the mayor, one of the first projects that i worked on was a project to develop the scandinavian center at pier 33, a cruise terminal. that was the first iteration of a cruise terminal i was exposed to. i worked on it, actually, with the commissioner's has been, the deputy mayor, at the time. that did not come to fruition. the land lease cruise terminal did not come to fruition. so i am really pleased that we're so close to finally getting this new cr

madam clerk, can you please make any announcements? >> yes, turn off all cell phones.lease present speaker card as there will be included as part of the file. mahnke. supervisor farrell: okay, colleagues, are there any comments to begin? madam clerk, please call the first item. >> item one, hearing of the needs of lesbian, gay, bisexual, and transgender seniors. supervisor campos: thank you for hearing this item today. let me begin by thanking my colleagues at it, supervisor scott wiener and supervisor christina olive new -- olague, who have helped. this is a very important issue, and i want to thank everyone for taking time out of your busy schedules to be here with us. i think it is a testament to how engaged not only the lgbt community, the entire san francisco community is, and i am very proud of that. there are about 25,000 lgbt people who are 65 years or older. live in san francisco. in fact, given the baby boomer generation, that generation is aging, and we know that number will continue to increase. this is often a population, lgbt seniors, who, frankly, and i

madam clerk, take roll call, i guess. >> on the motion to appoint chair person campos and vice chair% avalos. avalos. aye. campos. aye. pimentel. aye. supervisor campos: i want to stake my colleagues for their nomination and for their confidence. i think it has been a very exciting year for the local agency formation commission. the year has maybe been more exciting in 2012, and i look forward to continuing the work with the members of this commission, and i know that we will be gaining another member on the commission soon. my understanding is that supervisor olague is interested in serving on the lafco, and i look forward to welcoming her when that appointment is finalized. the last thing that i will say is to simply think the public utilities commission and the advocate community for all the work that has been done on this important issue. it really has been a team effort, and i think that the fact that we have made it this far is only because of that collaborative approach, and that will continue. ultimately, that will ensure the success of community choice aggregation and any oth

madame, that's the most beautiful kimono i've seen! you need a room - no? samurai, samurai! do you need a room for tonight? do you have any quiet rooms? yes, we have plenty of quiet rooms. is that true? yes, of course. listen last night i stayed at a place that was very noisy. babies were crying. and a young couple were fighting. a priest was chanting. all night. i could not sleep at all. so, tonight i want a quiet room! do you understand? yes, of course i understand. don't worry my name is,iha chi and if you have any problems let me know and i can help you. is that true? yes, of course. okay. then i will stay here tonight. really? thank you samurai. this way please. special guest for the night. samurai. this way please. upstairs. okay and this is your room. seems to be a quiet room. good. okay, you take this. it's a tip. a tip? thank you so much. thank you very much. okay. so, enjoy your stay. have a good sleep tonight. rooms available! rooms available! anybody. sir, sir, you need a room for to it in? no? madame, we have family rooms - no? business is slow tonight. three yo

and hoover said, "no, madam, you'll need to come down to the east room." well, that should have been an indication that it was no small gift. ambassador had brought along three tapestries that were here in the united states at the panama pacific exposition in san francisco in 1915. wilson, we may add, opened the panama canal to trade in 1915 and to celebrate the opening of the panama canal a wonderful exhibition was held in san francisco. so in the french pavilion where these works of france, including these gobelan tapestries. so edith came down to the east room, and the usher had rolled out these beautiful full-length tapestries. and the ambassador said, please, choose whichever that you like. and she was particularly fond of this one, which actually depicts a marriage scene. the marriage of eros and psyche from greek mythology. it's a riotous occasion. the tapestry would become a little bit of a problem because edith wasn't quite sure what she was supposed to do with it. certainly there was not even in the white house a place to hang it. and she had qui

the owner is a woman who goes by the name madam lang. >> hi, there. >> she organize girls for us?> she's eager to do business. she leads the group through the cafe and up a back staircase to meet some girls for hire. and when she says they are girls, she means it, literally. young girls, younger than we even imagined. as an extra attraction, she says, they're still virgins. many sex tourists come to cambodia for exactly that reason, and they're willing to pay a premium. madam lang tells us her virgins go for $600, and for that price, she says, we can take this girl back to the hotel and keep her there for up to three days. >> what's her name? >> a few minutes later, she brings out this girl, another virgin. 15 years old. she looks paralyzed with fear. all this comes as no secret to the cambodian government. this woman serves as cambodia's minister of women's affairs. cambodia has a lot of problems. where do you rank the child sex trade? >> i rank sexual trade -- sexual exploitation of our children at the top, on the top of my list. >> is there any way to even attach a number to th

thank you, madam chair. >> let me introduce the witnesses.ever since attorney general peter vangjel come inspector general of the united states army. he was appointed november 14, 201130 is responsible for investigating allegations of misconduct by army officials. most recently, lieutenant general vangjel served as the third army central at camp bearish on kuwait from september 2009 to september september 2011. i could also probably talk to you about contract team, goodnight? i know that is at the center of most of the contracting and contingent fees. fees. fees belva martin is responsible for portfolio of major management public policy issues related to protection for the nation's critical to lg, including export control, defense industrial base coming navy shipbuilding, acquisition workforce and army modernization programs. lepore is management of the u.s. government accountability office and drag out an evaluation teams review department of defense support infrastructure, programs for base closure and realignment, and stomach can sustain i

. >> good evening, madame president, fellow commissioners. i am representing golden gate national recreation area and the historic park. we are privileged and feel a deep responsibility to protect park lands, and we have been working with both the city, the race management. we have to work on a compressed tight line -- to impress a deadline, and we have been expressing our issues through many meetings and through our 60 pages. we resolved many issues, including the potential for special use. other concerns may not addressed in a supporting plans or documents. we may -- other reports are either vague or missing. also the need for serving the underserved transit areas require clear commitments. it is difficult for us to judge the true impact of state actions to address these issues. we support america's cup and feel a responsibility to make for the park land is protected. this is a full commitment by the city to cover these costs. while ensuring node diversity -- no adverse impact on park lands at that time. we continue to work with the city. w

. >> good evening, madam commissioner, commissioners, and san francisco citizens. i am a member of the association of disabled sailors. we are so excited. not only are we excited, but we see this as a benchmark for so many things that are happening. furthermore, next monday, the 19th, oprah winfrey's network is going to feature sailing on the bay in san francisco, even though our club is only 120 members, but we are all coming from sacramento, from santa cruz, as far as santa rosa, so even though we are a small group, we are very connected to the world through the media, and for us to be able to provide the visuals, the excitement, and not only the comfort and security of having a bay for the rest of the world, but knowing we have set an example of security, safety, economically common and environmentally. we are excited about that, because we have the opportunity to build this as a model for all other merinos but are as large as san francisco or as small as one is in lakefronts, and i commend the commissioner to move forward with this, because this is going to pro

supervisor chu: thank you. >> madam chair, i fail to report on 15, 16, 17. for the record, according to the 2012 letter, not to exceed $76 million of general obligation bonds to have an annual interest rate of 6% over approximately 20 years. the bonds would result in debt service payments of $137 million, including 3767035 in the $5,000 of principal, with an estimated average debt service payment of $6 million. single-family residence would be assessed with an assessed value of [unintelligible] including the homeowner's exemption paying annual property taxes to the city of $14.30. we recommend you -- approved the proposed ordinance for resolutions files 11, 13, 43, in 46. >> -- supervisor chu: in terms of a life that this will be amortized over, 20 years, is that tied to the life of the asset? generally it is 20? >> generally it is 30, but the city won the 30 years. the time that we took it to the voters, we recommended 25 years because that is what we could amortize over to meet the threshold of the capital plan. the first issuance was 20 years, so that we

supervisor chu: thank you. >> madam chair, i fail to report on 15, 16, 17. for the record, according to the 2012 letter, not to exceed $76 million of general obligation bonds to have an annual interest rate of 6% over approximately 20 years. the bonds would