mr. driscoll? >> the way this recommendation from staff to reallocate $100 million to ex-fossil fuel index i would consider this symbolic as it remits -- relates to global warming and the rates to this fund. it's symbolic to figure out how to work on the positive side and commissioner has raised the issue. where should we invest, how should we invest. i have a couple of acquaintance that were thrilled they were able to leave china because they were in the area of the coal minus where -- mines where it affected their health. there are a few other funds around the world that are doing things like that. those are what we have to look at and to get a rate of return we are trying to achieve. i would allocate $100 million to ex-fossil free fuel index. that's why i will vote against the motion and to table it today to start with ideas. >> we've been talking about this issue for a long time. it seems like at this point we've discussed it for over a year. we've asked staff to come back and do a lot of resea

mr. driscoll? >> there was an issue with prima a few years ago. there was a question about prima's performance a couple years ago with all the managers 2 years ago with the market. they didn't have to sell it. it all came back. but according to our rules we had to write it down. that's the way we do it. the second part i would like to say i hope, i would try to treat staff fairly, all of you fairly. sometimes it does not go on. my apologies for that. >> thank you. down on this end? no. all right. seeing no further discussion, let's take public comment on items 8 and 9. is there any additional public comment? seeing none, public comment is closed.. now, this is a discussion item. mr. clerk please call the next item. city clerk: item 10. chief investment officer report. >> i'm going to ask if any member of our staff has an hp 12c if you can bring it to me and i can calculate some rates of return. i know how to use the hp 12c. the others might take me a while. >> commissioners just walking through a couple things, you will see in the memo that our re

mr. driscoll? >> this document with all the red lining. i was trying to find a place under the history component to put our mission statement, our mandate statement. that's more cosmetic as opposed to the key parts of the loan program that we are trying to open up to benefit people. >> we are happy -- >> thank you. to answer your question about the loan program. >> okay. i'm sure there is members of the public that want to talk about this. all right. we are on public comment. item 12. nothing. all right. well let the record reflect there has been no public comment on this loan program. public comment is closed. let's entertain a motion. >> i move that we adopt staff's recommendation. >> second. >> all right motion made and seconded by acclimation. this motion passes. >> this is with the addition that we should be adding the mission statement to the document. >> frank, could you amend your motion. >> amended as such. >> all right. there is one discussion? >> you said to comment about this program. one of the things about the loan program is