thank you, mr herrera. and we hope you recover very quickly.ill have one collar for public comment. thank you very much, um , will now go to that color. um, your time will begin now. can you hear me now? yes we can. mr. pill pill. thank you. surprise it's david pimple. so three quick things one i join in wishing general manager herrera a speedy and successful recovery . we want him to be well to, um period, so i hope you feel better, too. i could not hear chair chew at the beginning. so if you could just be sure that her microphone is a muted when she's speaking so that we can all hear her and three i just wanted to say to all present and listening. i really appreciate the time and attention that everyone is given to this process. i've uh, spoken to many of you. in the last weeks and months, and i feel very heard and, um, able to participate here, so i think this has been a good process thus far. i expect that it will continue to be, and i just thank you for being able to be heard. i don't always feel that way with city government, but i feel l

mr. herrera. could you clarify i know we pushed our hearing because of that earlier mailing that had to be corrected? am i correct? >> that's correct. can you state that one more time to make sure. that mailing went out an error. it had to redo it. we had to push our hearing out 2 sessions. one session for 2 weeks to make sure everybody had adequate time. yes we know this happened but we actually made sure brand-new -- mailings have gone out and hearings set and the proper information provide to public. thank you for bringing that up that was important. it was sent out. i wonder like these are all mailed? so -- out. we all i received it. so -- motive not have been a puc problem they have not arrived at people's properties might have been mailing issue. i want to make sure we clarify that. because obviously, we sends you a bill. we have your address all that gets sent out by account addresses we have. correct? >> yes. all proper procedures were followed and it was mailed on the second notice. go ah

mr. herrera i noticed the roej nal director of apa and of the assistant secretary to water here for to sign the [inaudible] loans. yes. >> that is true. madam president a few weeks ago the -- eta assistant add administrator for water was here to as well as the regional director and the mayor to announce our latest grant of loans which will upon win -- when exercised will be utilized to get improve am project and pursue projects at our water facility on the north side of town the nerth side freement plant. yes, this was what we had several weeks ago that was successful. i think demonstrated we are probably apa avenue largest of loans and this will be our third time and they have we have established an effective partnership with the epa and alexander who is the head of our guarantees and loans program irrelevant worked heard to establish a good partnership and very happy with how00 autopuc ewe likewised the program this is true. >> excellent. they are frensdz of mine i was glad they picked us as to show case. next item. please. >> item f do we need public comment. >> yes. thank you. >> member

and mr herrera alluded to this at the start. we expect that a rejection of our rights would lead to a downgrade in our credit rating. this would have severe consequences. as you know the bulk of our $8.8 billion capital plan is financed by death. our credit rating would mean higher interest rates on our bonds, which would make every capital project more expensive. i'll provide more detail on this as well. so firstly, the direct impact of rejecting our rates. all rates cover our costs. if we run down our reserves and can't cover our costs, we become insolvent. alright increases are also designed to keep us in a financially stable position, meeting our fund balance reserve policy and meeting our debt coverage ratios required by our bond covenants. this is not only fiscally prudent for our financial sustainability but also necessary to maintain across strong and stable credit rating to keep borrowing cast down. as you know, this year, we kept rates flat. we ran the numbers on what would happen if we kept rates flat for one addition

and mr herrera alluded to this at the start. we expect that a rejection of our rights would lead to a downgrade in our credit rating. this would have severe consequences. as you know the bulk of our $8.8 billion capital plan is financed by death. our credit rating would mean higher interest rates on our bonds, which would make every capital project more expensive. i'll provide more detail on this as well. so firstly, the direct impact of rejecting our rates. all rates cover our costs. if we run down our reserves and can't cover our costs, we become insolvent. alright increases are also designed to keep us in a financially stable position, meeting our fund balance reserve policy and meeting our debt coverage ratios required by our bond covenants. this is not only fiscally prudent for our financial sustainability but also necessary to maintain across strong and stable credit rating to keep borrowing cast down. as you know, this year, we kept rates flat. we ran the numbers on what would happen if we kept rates flat for one addition

and mr herrera alluded to this at the start. we expect that a rejection of our rights would lead to a downgrade in our credit rating. this would have severe consequences. as you know the bulk of our $8.8 billion capital plan is financed by death. our credit rating would mean higher interest rates on our bonds, which would make every capital project more expensive. i'll provide more detail on this as well. so firstly, the direct impact of rejecting our rates. all rates cover our costs. if we run down our reserves and can't cover our costs, we become insolvent. alright increases are also designed to keep us in a financially stable position, meeting our fund balance reserve policy and meeting our debt coverage ratios required by our bond covenants. this is not only fiscally prudent for our financial sustainability but also necessary to maintain across strong and stable credit rating to keep borrowing cast down. as you know, this year, we kept rates flat. we ran the numbers on what would happen if we kept rates flat for one addition

thank you, mr herrera. and we hope you recover very quickly. we still have one collar for public comment. thank you very much, um , will now go to that color. um, your time will begin now. can you hear me now? yes we can. mr. pill pill. thank you. surprise it's david pimple. so three quick things one i join in wishing general manager herrera a speedy and successful recovery . we want him to be well to, um period, so i hope you feel better, too. i could not hear chair chew at the beginning. so if you could just be sure that her microphone is a muted when she's speaking so that we can all hear her and three i just wanted to say to all present and listening. i really appreciate the time and attention that everyone is given to this process. i've uh, spoken to many of you. in the last weeks and months, and i feel very heard and, um, able to participate here, so i think this has been a good process thus far. i expect that it will continue to be, and i just thank you for being able to be heard. i don't always feel that way with city government, but i

. >> today we will be hearing from miss herrera aired for supervisor robe sxen mr. starr from planning department. wvenlg >> welcome. thwacking chair and supervisors this is very narrow and will clarify this in the mission neighborhood/commercial transit district if a portion of a public parking let use lights as shared spaces tell not be abandon. it is for one loved business to continue it separate their shared spaces patio. owner of the parking lot and the co-owners and the commune upon surrounding are supportive of this change and would like to thank aaron starr from planning here to answer questions. >> thank you. mr. starr anything to add? >> thank you, just that the planning commission heard this on april 20 and recommended approval. i'm happy to answer questions you have. >> thank you very much. no questions or comments from colleagues at the moment open this up for public comment. >> thank you, chair preston members who would like to speak line up to the right and those online need to press star 3 to be added to the queue. youville 2 minutes. >> good afterno

thank you, mr clark and before our general manager for myself. puc general manager dance herrera start. i just want to remind colleagues that all these items have a budget and legislator, analysts report so let's have the snp you see, just go through all the items presentation at once, and then we'll go to the er a report. i know that there is some ah, recommendations with amendments and then then we can go to questions and comments and then also public comments. thank you. thank you. madam chair. denis ferreira, general manager of the puc. it's my pleasure to be with you today to talk about the fiscal year 23 24 operating budget, mid cycle changes and our capital budget, but before i get started, i just first want to say how much? um are folks have appreciated the cooperation and good work of the mayor's budget office. uh and a dooming in jack english. thank you. so much for your help as well as the comptroller's office. can hinton and, uh, rita sandler. thank you very much for, um your hard work and cooperation with our staff. we very much appreciate it. uh i was going to say g

mr president. we will hear from the public utilities commission. i recognize general manager herrera. great.ifficult to hear, but actually i was. i was thinking about that. i was reminded of something that meant dorsey told me many years ago, and that is that dennis herrera has the worst poker face in city hall, so it's probably best for all of us wearing a mask right? so it's a pleasure to be with you here today. and just i was listening to supervisor stuffy and i just want you to know right off the bat that we value transparency. so i want to thank the supervisor for the opportunity. to highlight the extremely diligent work that we've done conducting a thoroughfare. open rate setting process, which included an extensive public outreach campaign that went well beyond our legal requirements. first i want to be clear about the context here. the puc is a not for profit utility. by law. our rates reflect only the cost of operating, maintaining and upgrading. our water and sewer systems the rates before you today our fair. they're competitive. and there are necessary to keep our water and sewer

thank you, mr clark and before our general manager for myself. puc general manager dance herrera start. i just want to remind colleagues that all these items have a budget and legislator, analysts report so let's have the snp you see, just go through all the items presentation at once, and then we'll go to the er a report. i know that there is some ah, recommendations with amendments and then then we can go to questions and comments and then also public comments. thank you. thank you. madam chair. denis ferreira, general manager of the puc. it's my pleasure to be with you today to talk about the fiscal year 23 24 operating budget, mid cycle changes and our capital budget, but before i get started, i just first want to say how much? um are folks have appreciated the cooperation and good work of the mayor's budget office. uh and a dooming in jack english. thank you. so much for your help as well as the comptroller's office. can hinton and, uh, rita sandler. thank you very much for, um your hard work and cooperation with our staff. we very much appreciate it. uh i was going to say g

mr lau and, um look forward to helping with any questions. morning uh, church, chew, uh, number corbyn nova. general manager herrera and member herrera. j. we refused rates administrator with comptroller's office. can we pull the presentation of. so for this agenda item we've broken out into a few parts, the first part of this presentation as a standing item. it's the refuge rate administrators report, which serves as a process update for the board. quick update the second part of the presentation . i'll lay out our recommended great order. we've issued proposed rate changes through the prop 2 18 notice. but we have not issued the written rate order yet. so we anticipate that will be ready before the next hearing on june 20/6. however the content in today's presentation will represent essentially the whole of our recommendation for the right order. the board can accept, reject or amend any parts of our recommended recommended rate order. but because of prop 2 18, any changes cannot exceed ecologies proposed rates. if the board is considering any amendments to the reorder, we can present impacts the next rate hearing on june 20/6 for boar