now the 5th amendment to the south opa. in order to effectuate certain provisions of this mou, ocii and focil need to enter into this 5th amendment, consenting the transfer of blocks 33 and 34 by the current owner to ucsf subject to the requirements being met. ocii and focil will release the current owner pertaining to blocks 33 and 34 conditions upon receipt of the affordable housing payment and the infrastructure payment and execution of the mou and focil's separate infrastructure agreement. and finally the release agreement. ocii, the current owner and uc must enter in into the propose adgreement, agreeing supposed the effects of the south redevelopment plan, south opa and related development. providing all of these documents will actually spring back into place if block 33 and 34 are no longer used for the educational purposes. under redevelopment dissolution lou amendments to enforcible obligations in this case the south opa are permitted only if the amendments would be in the best interest of the taxing entities. the

the opa travels with the land. so each time you sell property from starts with the master developer and in this case they sold it to alexandria real estate and the master developer retains the parks and other infrastructure. and then those development rights transfer along. so sales force is now selling to ucsf. the reason we're doing the release is that the opa states that if you are going to sell the property, you need to comply with certain obligations. and so sales force wants to make sure because we're doing the owner participation agreement and because we're allowing ucsf to be exempt from opa, and be subject to mou, sales force wants to make sure that they are covered and that they have a document that recognizes that we as an agency focil as the master developer and everyone on the same page that they are basically out of deal. that is more a technical legal term, but the short answer that they will basically be released from everything. ucsf will take on certain obligations through the mou and the master d

as previously mentioned, redevelopment dissolution law would be the south opa, only to amendments are found to be in the best interest of the taxing entities. approval of this transaction will provide meetly available funds for the production of housing and infrastructure in the south. this reduces the need for tax increment funds and act accelerates frees up property taxes more quickly. in addition there were a number of other benefits and considerations such as the potential consolidation of uc's other sites and uc's con tributions to the city's economy. i'd like to turn the presentation to laurie, to further detail these considerations. before i do that i'd like to note that there's a technical correction that needs to be made to the resolution. right now it erroneously refers to sf block 33 and 34. they're actually development block numbers used in the south plan documents so we'll make that change. >> could you repeat that? >> wherever it says assessors blocks it will say 33 and 34. they're not actually assessors blocks. a: okay, thanks very much. >> good afternoon. i wanted to s

blocks 33 and 34 as we mention ready subject to the south redevelopment plan, as well as the south opa and the pilot agreement and all of these documents are recorded against the property and would normally remain on title when the property transfers to a new owner. ucsf has requested the ocii's release under these agreements to reflect

is subject to third-party contractual obligationses that run with the land, in this case the south opa the pilot agreement. under the pilot, if uc were to pay the full amount up front, it would pay approximately 39.8 million, which is the net present a value of the taxes that a taxable entity would owe for a similar development program. however, given its tax exempt status as a state agency, uc and ocii have negotiated one-time lump sum payments totaling 32.1 million instead of these annual payments over time. the affordable housing payment is a one-time lump sum payment to ocii of 10.2 million for construction of affordable housing and the infrastructure payment as one-time lump shim payment to fossil of 21.9 million for public infrastructure. in addition, uc has agreed to pay the special taxes authorized in the oci number 5, for parks and open space in mission bay south and csd 6 which helps fund infrastructure in the south. uc estimates the net present value of these payments is approximately $10 million. although uc's proposed payment is what would be less than owed under the pilot

the south opa was amended back in 2005 to include a requirement for a payment in lieu of taxes agreement or a pilot on many remaining parcel in mission bay south including blocks 33 and 34. upon transfer of the parcel to a tax exempt entity, the pilot requires a payment in lieu of the full amount of taxes that otherwise would have been assessed. alternatively, the pilot allows ocii and the city to consent to a transfer to a tax exempt sept it without a pilot in place. ~ entity the primary intent of the pilot was to maintain ocii's ability to maintain infrastructure and affordable housing with tax increment even if properties were purchased ore leased by tax exempt entities. i'd also like to note that since dissolution, ocii can only use funds that it receives under the pilot to fulfill its enforceable obligations in the south which again are affordable housing and infrastructure. next some background on ucsf and the proposed transaction. as traditionally mentioned ucsf currently controls 57 acres in mission bay for its campus and medical center sites. the university is now proposing to a

settles, 67 at 7:00, a chilly 56 by 10:00, and if you are headed down to san jose, greek festival, opa, have some fund, take some windex. kidding. 76 today. 79 tomorrow. 84 by sunday. a last stop, at the alameda county fair grounds and the good guys, if you like cars, head there, but take the sunscreen with temperatures nearly 80 in the afternoon after the clouds and mid-50's in the morning. the seven-day forecast shows a couple of degrees warmer tomorrow and again on sunday and another push of cooler air from monday, tuesday, and another slight warm on wednesday and thursday so not a very big roller coaster of temperatures. nothing too thrilling. >> your work is not done and you have something thrilling coming up. ought perfect pet and perfect fundraiser for other bay area pets right here. my parents were immigrants. and they taught me that with hard work, anything is possible. i earned a scholarship to mit. and worked across party lines to get things done. i'm alex padilla. i'll protect voting rights for everyone. and make it easier to start a business. so we create jobs and opportun

>> opa! right? >> do you have something to drink. >> easy on the ouzo. >> that, of course, is the native drink of greece. deliberation. >> bay bridge has been eastbound and westbound lanes being worked in the westbound direction which is wrapping up right new. eastbound direction has a lane taken away until 6:00 this morning. 680 from highway 4 to walnut creek is six minutes and from walnut creek to highway 13 is eight minutes and from tracy to dublin is 27 minutes. watch out for the stalled big rig that is towing a fork lift. >> a north bay indian casino is on the verge of default with operators of river rock casino have said they will not be able to make an interest payment due tomorrow. the casino in anderson valley is assuring customs it will remain open but they have suffered severe downturn in business since the other casino opened less than 35 miles away. >>the first of its kind bill to remind consumers that soda is dangerous is headed to the state assembly after be passed in the senate yeste

the south opa was amended back in 2005 to include a requirement for a payment in lieu of taxes agreementa pilot on many remaining parcel in mission bay south including blocks 33 and 34. upon transfer of the parcel to a tax exempt entity, the pilot requires a payment in lieu of the full amount of taxes that otherwise would have been assessed. alternatively, the pilot allows ocii and the city to consent to a transfer to a tax exempt sept it without a pilot in place. ~ entity

it is the lowest drawer, is opa que.ont and not hidden and then the unhealthy food was away, people would eat. >> i want to get more radical. it is true that it is difficult to encourage people to do things that are better for them. is it not better -- the libertarians are going to hate me. is it not better to legislate or ban it. fig about cigarettes. >> ask sam. >> would've been better to ban junk food? i say this having just spent a week in brazil, where i expected to see, as i saw in latin america when i lived there, -- everybodyke in smoking. brazil banned cigarettes in public places and there are fewer people smoking in brazil than new york city, i can hardly believe it. >> sam? lex i completely agree, it will be wonderful to ban it. it is a deep and justice that kids grow up eating in school for lunch what is effectively fast food. we need to change what is in the schools and we need to change the fact that there is a kfc and a taco bell on every corner in south-central los angeles. and the reality of the politica

nationalists while what we want is good relations with ukraine not with the ukrainian nationalists the opa and the own who committed these atrocities those crimes of genocide and that's what's how a protest is about. genocide is genocide and poles should never support increasingly vocal opinions that the mass murder of jews should be considered genocide while the mass murder of poles shouldn't. but the polish parliament however rejected the initiative from the opposition to have the ability to tragedy officially called genocide and to make the eleventh of july a memorial day in poland to honor the memory of those killed in massacres of poles in poland's eastern character arrays which stirred up a wave of discontent in polish society. and yet he said he would feel there is no sense in trying to come up with some convoluted wordings like ethnic cleansing instead of the word genocide. this could lead us to say that the nazis commits it merges with marks of genocide against women too. and this is just unacceptable for any normal civilized person. to say that disappoints it is a big understatem