mr. updike. >> thank you, supervisor system kim, chair, good afternoon.to satisfy their inclusionary housing requirements through the dedication of land to yield a required number of housing units. in this case, the developer, which is archstone concourse llc, whose general partner is equity residential, plans to develop -- excuse me, 432 units at 801 brannan and 239 units at one henry adams. here are those two locations on the overhead. and elects to satisfy all of the inclusionary housing requirements at 100 adams and a portion of those at 801 brannan by dedicating to the city the roughly 3/4 of an acre site, which we through the mayor's office of housing. this property is valued at $24,750,000. transaction pursuant to the code provision occurs at $1. again although i know you are very familiar with this site, there is a look at it in an aerial so the. 1 henry is just below the picture. and for better perspective which site the city is receiving as part of this, you can see this is a site plan, which shows on the right side of the plan the future housin

mr. updike alluded to. we recommend you amend the proposed ordinance to change the reference from 466,400 gross square feet to the most recent estimated size of the city's office building and as i stated we consider approval of this legislation to be a policy matter for the board of supervisors. >> okay, thank you very much, mr. rose. we'll move to public comment. anybody wish to comment on items 13 or 14? okay, seeing none, public comment is closed. we have one recommendation from our budget analyst. >> so motion to approve the budget analyst's recommendation and since this is a policy matter i agree with the policy, i think it makes a lot of sense that we are consolidating our permitting functions and also creating, consolidating our offices of the city and it makes sense cost-wise as well, so i appreciate all the work that's been done putting this together and i'll motion to approve the budget analyst's recommendation and the underlying ordinance. >> as amended. we can take that without objection. madam

mr. updike. >> thank you, supervisor system kim, chair, good afternoon.to satisfy their inclusionary housing requirements through the dedication of land to yield a required number of housing units. in this case, the developer, which is archstone concourse llc, whose general partner is equity residential, plans to develop -- excuse me, 432 units at 801 brannan and 239 units at one henry adams. here are those t

mr. updike, i want to thank you for being so thorough in your briefings and well in advance, i appreciate that from you and your team. to everyone involved, i know this is a big deal for our city and i cannot tell you how many comments i get about having to go to so many different buildings for permits and what have you and the consolidation, aside from the other things happening with this project is very exciting i think for our city. if no other questions mr. rose why don't we go to your report. >> mr. chairman, supervisor avalos, i am actually shocked because i thought we had