as you know, under this plan, each of the nonresidential -- sorry. each of the nonresidential key sites was assigned a specific set of community benefits that the projects would be required to achieve in order for there to be diverse and comprehensive portfolio of cumulative benefits the key amenity assigned to this project as a replacement and upgrade of the wholesale flower mart. the plan acknowledges that the production, distribution, and repair or p.d.r. sector is critical to san francisco. companies in the p.d.r. sector serve the needs of local residents and businesses and tend to provide high-paying jobs and career advancement opportunities for people without necessarily requiring a four year college degree. p.d.r. jobs also enhance a city 's economic diversity and therefore our ability to whether times of economic stress. while this project has anticipated replacing the flower mart on the existing site, this developed agreement now addresses a possibility for the flower mart vendors to select an alternative location of the permanent replacemen

the equality of residential and nonresidential gas prices.tly, these last few weeks, the government for unconventional gas development which works more on volume every that is quite important. if i told you possibly gas production growth was going to nearout 10%, that might be demand growth. that is the first time we have seen that for some time. it is not just about imported gas and infrastructure. is the developmental locally. the shale or tight gas boom is sort of back. some of the issues we have had a few years back are still there. water, where deposits are. you have reform. independenting more drilling companies. producing more gas. >> who stands to benefit the most? you mentioned one of the companies you track? the gasfrom distribution companies, anybody building the infrastructure hoping the drilling. that reflects spending. spending, itt could be up 10-20%. i remember, there were concerns over a shortage. upcoming shortage. you mentioned we might get a lot of supply coming online. concern? solve the >> summer in china is quite extrem

think the decline in nonresidential spending was part of the trade war or are there internal issues goingwith the u.s. economy that are separated from that? >> we look at the fundamentals they are very strong. -- i think that this is could be transitory. on monday mnuchin and lighthizer will be in china with renewed negotiations. see more business investment if we see clarity on that front. >> should the fed be worrying about it and should we be seeing pier 3 rate cuts being priced in? >> the fed is concerned about two things, the fact that the trade wars have weighed on not only trade but business investment. we have been undershooting that 2% inflation target. provide anlooking to insurance cut to make sure that we get closer to the target and provide some offset to the headwinds. >> when you look at the data, there is a sense among some people and some of our columnists have pointed this out that the trade line on economic growth has been going down, long-term trendline and they were back toward 2015 levels on we had the recession that was not quite the recession. when you look at the

44% of the project be for teacher housing, with one-third of the entire building reserved for nonresidentialone-third of the residential units as market rate housing. these definitions should not be set in stone in a city charter, and we should not be granting buy right projects to local developers under the guise of calling it affordable housing. this would extend buy right approvals to any housing development in the future. this means it opens the door to making all development, including luxury condos eligible for buy right approval with no public review whatsoever. again, i ask you, who are we leaving behind? it is important to note some of the key differences between our proposals and the proposal the mayor put forward. our proposal upholds the 2015 prop k mandate to keep projects in people's hands. it does not redefine housing income levels. it allows affordable housing in all neighborhoods, including those currently restricted to single-family homes. it is flexible and can be adjusted to accommodate changing needs over time without having to go to the ballot. we have a choice today to

the orange line is nonresidential fixed investment. nonreal estate. as you can see, profitability is flat lining, and yet investment continues. this suggests that the corporate sector is investing in negative projects and the green line shows burning of the cash. that is the different between profit annette fixed investment. that is financed by lentors. le- lenders. when the line kicks below the zero, it means lenders are increasing lending and loosening standards. it takes above zero to tighten the standards. there appears to be a trend of banks tightening credit standards making liquidity less availability. on the right-hand side you can see it is to be rising. we will see what happens. if it does rise that will create more stress. right now the stress is yet to really manifest itself. that is the right handgraph. we expect to see more investing. to slide 11 which really addresses the specialty finance market, and this is the hardest to present because the managers frequently target areas of the market that we would normally never think to target. i

item 9, to set nonresidential adult admission fees at specialty attractions by utilizing flexible pricing based on certain factors. and item 10, authorizes the imposition of the surcharge of $1 per nonresident adult visitor at the japanese teagarden to fund the restoration of the facility until such time as the restoration is complete and determine the ceqa for all three items. item 11 eliminates fine for overdue library books, material and equipment and to forgive outstanding debt for overdue fines. item 12 is the resolution to approve the budget for the office of community investment and infrastructure operating as the successor agency to the san francisco redevelopment agency and authorizes the issuance of $41 million in bonds by the office of community investment. item 13, resolution to concur with the controller's establishment of the consumer price index for 2019 and to adjust the access line tax by the same rate. item 14 is the resolution to concur with the controller certification that services previously approved can be performed by a private contractor for a lower cost than simi

a little bit more flexibility for nonresidential uses, lower parking requirements not allowing a conditional use for additional parking, and then requirements or micro- retail consistent with what we did in central soma. the next topic is height. part of this proposal is looking at locations where we think adding a little bit more height makes sense from both an urban form standpoint and a feasibility standpoint. we are proposing to raise heights on 18 different sites. today, towers are between 250 feet and 400 feet and are allowed at market and venice. most of the remaining heights are around 85 or 120. we are proposing to raise heights on 18 sights. these are shown in orange. i know it is very hard to see but i can point you to where it is on the website. towers are between 250 feet and 690 feet would be allowed at market and then ness and mission and south bend. i will just highlight for you that the biggest transformation and change that we are going to see here is the buildout under the existing zoning. the increase of height on these 18 parcels as an additional 1600 units, which is qui

we're also planning to make a few tweaks so allowing a little bit more flexibility for nonresidential use dos, stricter parking -- uses, stricter parking requirements, providing some incentives for art uses, and some requirements for microretail to really ensure a mix of retail types. this is the height proposal. the mix on the left shows the towers that are allowed today ranging from between 250 feet to 400 feet, and the remaining parcels are usually about 85 or 120. and so we're proposing to raise heights on 18 parcels. this is showing with the orange boundary on the map on the right, and towers between 250 and 690 feet would be allowed at the two intersections. we've made two changes to the height map since we were here last, which includes 170 otis, and i'd just like to highlight that, you know, the biggest change that we'll see in this area really is built out under the existing zoning. under the existing zoning, we anticipate it's a little over 1800 units. so the third piece that we looked at is the public realm. so given all the increase in land use and the increase in the numb

not down zoning for housing in san francisco, however there are times where we might be zoning nonresidential uses like p.d.r., which does not allow for housing for various planning reasons. we would need to ensure that those actions are balanced in a way that provides for no net loss in residential capacity through that action. the provision about projects thing subject to the law of the day in terms of the zoning regulations of the time the application comes in would be a change in the way we do business in san francisco. this would obviously provide a greater level of predictability for projects going in and generally speaking, some of the specific grants and sometimes are in rezoning actions may not be applicable to all projects depending on when they got their application in. again, the project would lose this kind of a vesting if the project grows by more than 20% in size. that includes someone coming in for density bonus application. it would also not apply if the project hasn't gotten under construction within three years. building code standards are not affected by this. i mentioned

the next item was an ordinance to legalize nonresidential units at a place known as active space. this commission heard this on may 23, and voted to approve the ordinance with a vote to shorten the time from ten to three years office space. during the hearing a lot of tenants came to speak during the hearing and also requested the change become permanent. it was stated that pvr uses must be protected. after similar comments from members of the committee to preserve the building in the long term, supervisor ronen introduced an amendment to the legislation that would include the commission's recommended modification. the amendment was adopted by the committee and the ordinance was then recommended to the full board. next the committee heard the mayor and supervisor brown's small business streamlining ordinance whether to eliminate the quarter-mile buffer around districts plus supervisor pesks had been doing outreach to determine which ruds might want to retain their quarter-mile buffers. they learned that districts 10, 1 and 3 and district 8 would prefer to retain the quarter-mile b

ordinance amending the park code to recommend the department to impose a sub- charge of 1 dollar per nonresidential adults to serve at the japanese tea garden to fund a restoration of that facility until such time as the restoration is complete. >> thank you very much. i believe we have the general manager of recreation and park here. i am so sorry. this was me, i believe we have come to an agreement, and we have proposed language and amendments. so, did you have copies of those thank you very much. colleagues, i believe to refresh your memories, i actually continued these items because they don't have an issue with the amount of surcharge, and i know that we need to raise some of these fees. i think one, the main reason is because he wanted to do flexible pricing so that we could actually help with spacing out of the people who attend -- i mean, who are visiting these venues so that it would alleviate some of the mass crowding that happened. and so i have asked recreation and park to come back with language that actually -- i don't have a problem with the flexible pricing and the pricing of up to

amends the planning and administrative code to establish a legitimization program for certain nonresidential uses at 3150 18th street and requires the office of small business to assist businesses under the program and affirms the ceqa determination. this item was recommended as a mended and incorporates new language from committee. >> colleagues, -- supervisor ronen? >> thank you. colleagues, in january, dozens of small businesses with active space learned they were facing displacement and finds due to violations of existing zoning regulations. these businesses are very small, owner operated enterprises and most of them are health and personal services including acupuncturists, massage practitioners and tattoo artists i was extremely concerned for the owners so i held two community meetings with the tenants, quickly introduced this legislation in my office personally connected the tenants to follow-up. closing nearly 100 small businesses on the same block, all at once, would be an economic crisis for the mission, a neighborhood already suffering from the displacement of hundreds of small bu

one last exciting announcement, joining our team here at the disability justice initiative as nonresidential senior fellow, violet thompson, the founder of ramp your voice, creator of disability too light who will be working with us on reproductive justice, disability work that we are very excited about, she will be working remotely for us and we are thrilled to have her join our team and i want to take a moment to thank our events team for pulling this together. you all amaze me every time. the number of times i send you text messages it is like already taken care of, why are you texting me. is somebody in the disability space, work that is highly qualified and phenomenal attachment, it is truly a gift. i want to thank our arts and editorial team for all their work and labor in pulling this report together. they are amazing. and last but certainly not least i want to take a moment to thank our interpreters and cart providers and everybody who works to pull together. i have to tell you when i came here, they were clear in telling me to be a leader in this space not just in terms of the conte

the real issue here is investment, business investment in equipment, intellectual property, nonresidentialected to contribute nothing to gdp growth. the business sector is most acutely impacted by trade war insert t, and we can see that and infested delve. -- manifest itself. this historically hanging over the head of businesses is acting as a headwind to growth. heard -- tesla this week, the only reason they are able to beat or match on the bottom line is they are cutting capex. how afraid are you that businesses are cutting back on spending and capex? peter: before go to your question, i think cameron nailed it. one is holding up growth in our own projection is -- and our own projection is slightly above consensus, the very strong backdrop. it has been holding up the economy for years now, the circle between hiring and job creation and consumption. back to your question, it is a concern. it is not only a concern in the u.s., it is a concern globally that the medium turn outlook -- eating turn outlook is rmteriorating -- medium te outlook is deteriorating. if this uncertainty is threateni

what is your number for gdp >> 2 4% private consumption and negative growth in residential and nonresidentialotential? >> it is the composition of the number >> what about you, nathan? >> so 2% sounds like a pretty good guess for the second quarter and frankly for the second half of the year. i think this budget deal is likely to be supportive. and i think the fed's argument is, look, we're in an okay place now but not setting monetary policy for the moment. we're setting policy in a forward looking manner and what we want to do is take out a little insurance to give us some confidence, we'll continue to perform well over the next few quarters i think they're worried about the composition, about the -- some of the confidence indicators, and we're seeing pmis and investment. and this went a little bit more certainty and confidence that the economy is going to continue to perform well. >> all right we got it all figured out now. thank you. theoretically you could keep threatening a trade war to job own interest rates down and then not even follow through on it. >> i think nathan makes the best

: looking at this business investment declined second quarter for the first time, since 2016, nonresidentialres it fell. at 6/10 of a per cent rate compared with increase 4.3% first quarter consumer spending rose rate 4.3%. >> i think a big factor there is the china trade situation, i talked to lot of ceos say they cut back, maria, on their capital spending because of the uneasy about the trade jirts. >> jitters -- >> spending monday on cars, every day goods food and clothing, so they did pick up the slack in terms of business investment declining mark your reaction business reinvestment down but consumer spending up, overly number as you know 2.1%. >> yeah, it is a protected number that we were expecting right around there, we had a big drag from inventories a buildup in inventories earlier in the year that -- 9/10 percent off number trade shaved 7/10 off the number so you reverse those two, and really we're doing okay. you know neighboring why market sold off saying if doing orange county maybe fed doesn't need to cut rates, when the fed is thinking what they need to do policy wise, they a

yazoo back water flood duration and frequency would continue to adversely affect residential and nonresidential structures. flooding would also have adverse impacts on the standard of living for residents interrupting daily practices and travel to work, school, and church. mr. president, the corps of engineers was accurate in its predictions. mississippians are living these predictions out in real life, and they have for years. it is time for the people of mississippi to receive the level of flood protection promised to them by the federal government in 1941. it is time for the corps of engineers to complete the last remaining unconstructed feature of a 77-year flood control effort, the yazoo back water pumps. mr. president, the people of mississippi are beyond ready to see this crisis resolved. they are, frankly, extremely frustrated with the federal government. more than 17,000 people have signed a petition to remove an environmental protection agency 2008 regulatory veto preventing constructions of the pumps. mississippi governor phil bryant, the mississippi department of wildlife, fisheries