shaw two conflict of interests ethics complaints against the retirement system member weekend paskin jordan were filed in april of 2014 some people think i authorized both containments not that smart didn't know anything about the retirement system until recently paskin jordan 340i789d on youtube by a video project i'll give you the video number she aggregated funds with her firm to reach the $10 million threshold for investing in b gi as the i got complaints alleged about our aggregated fund this commission needs to ascertainment who else she agree gated funds with and whether she or her investment clients can go gaited funds with the city's retirement system fund paskin jordan claims as a registered investment advisorer she's not held to the same threshold as others investors, however several on the registered advisorers have seen her claim and said it is you think true you should seek legal advise about her claim i believe that deputy city attorneys are misleading her paskin-jordan land in san francisco examiner shortly after fittings go right ahead restraining orders seize story put an

cohen >> paskin-jordan >> yes >> vice president my birder >> yes enthusiastically back >> commissioner bridges >> yes >> the stansberry. >> yes >> v `map is both yes congratulations. >>[applause] >> the new president will take the helm and take it from here. thank you colleagues. mr. driscoll >> the comment i would like to make in the commission of our terms of reference.. people in the audience as well as the board met we wonder why we do not follow our own terms of reference, which he again adopted last month about rotating the officers between elected and appointed members. i wish i could explain why we have not done that again, but we did. >> thank you very much. mr. clerk, call the next item read item number three discussion item public comment >> all right. i got two cards in front of me. please, at the podium >> thank you. commissioners, i am leaving the four addendum 23 today on the executive directors, performance review.. so i can attend today's commissions meeting to seek expedited review of the two ethics complaints against commissioner wendy paskin-jordan met comically, pe

i like the record to reflect that commissioner paskin-jordan zondervan and did not vote. folks, were in close session. thank you very much. >>[gavel] >> we cannot have close session all be happy to entertain a motion to not to disclose >> [inaudible] >> motion made seconded by commissioner bridges. all those in favor aye although supposed? thank you. the motion is accepted. we are adjourned. >>[gavel] >> you're watching quick bite, the show that has san francisco. ♪ ♪ ♪ >> we're here at one of the many food centric districts of san francisco the 18th street corridor which locals have affectionately dubbed the castro. a cross between castro and gastronomic. the bakery, pizza, and dolores park cafe, there is no end in sight for the mouth watering food options here. adding to the culinary delights is the family of business he which includes skylight creamery, skylight and the 18 raisin. >> skylight market has been here since 1940. it's been in the family since 1964. his father and uncle bought the market and ran it through sam taking it over in 1998. at that point sam revamp

. >> thank you i want to echo some thoughts to commissioner moore and commissioner paskin-jordan i'll likely support this this is a fun sud one hand it is gnarling probable this only applies to momma's no one will meet the second location over 5 thousand feet the different criteria i like this idea of protecting go basic neighborhoods as far as i think that was likely the original intent of the sud and an interesting idea i think momma's has a proven the basic right you know everyone in the neighborhood and provides you want to eat on a regular was not just a designation but an everyday restaurant so i'm reminded of one other the

commissioner moore and commissioner paskin-jordan i'll likely support this this is a fun sud one hand it is gnarling probable this only applies to momma's no one will meet the second location over 5 thousand feet the different criteria i like this idea of protecting go basic neighborhoods as far as i think that was likely the original intent of the sud and an interesting idea i think momma's has a proven the basic right you know everyone in the neighborhood and provides you want to eat on a regular was not just a designation but an everyday restaurant so i'm reminded of one other the st. marys church it is a speech circumstance and special project sponsor that should get this kind of weird sud that is not the way that the planning code should work. >> commissioner richards. >> interesting i was reminded after hearing that about what mr. sanchez to apply until after july 2nd we can tackle those things the last project in north beach that was food service routine restaurant we were at 74 percent serving i have a question for mr. sanchez can you please length of your lease can you share

specifically in regard to the commissioner paskin-jordan is on high leveraging additional 9-6 in contrast to real estate partnerships that a concert of levels of leverage to generate opportunities to greet [inaudible] direct we think tristan fund for his them excellent opportunity for sf drs to partner with goshen focusing middle-market real estate investment across europe. tristan is a proven platform. it has the highest successful in your over multiple talk market cycles. the senior partners interest and have worked together for more than 15 years, starting at -- one of the reasons they left -- informed tristan was because they wanted to do away with the restriction of corporate ownership. as such, the partners are committed to maintaining -- fully employed own farm. we think these are some of the characteristics that underpin their success in the region that is highly diverse and requires multiple skill sets and different relationships. on a macro basis, we think the european markets are in a similar condition to that of the us markets back in 2010. but the us, we think europe and its

by several commissioners, commissioners stansberry, commissioner mike >>[reading] commissioner paskin-jordan commissioner driscoll, dissolve very high risk and long-term return propositions when you cut into mortgages. i think we acted too much more detail on that in my last comment besides the fact that retirees are in a panic active members, not so long ago that i was an active employee, and after proposition c initiatives high percentages going up with regard to contributions to our funds, and a high-risk investment like this, if there is a problem with the fund, is the active employee that are going to pay first and foremost before the general fund is capped and those active employees who cannot -- none of us can qualify any these loans i can tell you right now for market housing that are barely staying in our homes back those active employees who cannot qualify are going to pay the highest cost and the cost contributions to the retirement system are going to go up this proportionately mike i think is much more on this program and we have to take a harder look, but again, i do not think

interest in joining, and so i would urge you to i think you mentioned last month commissioner paskin-jordan and cohen mentioned they want to get more engaged with iss it is great to see more engagement with imc are becoming active on these. would also like to legal with a -- this is a review of the chevron and exxon shareholder meetings that happen are a series part of the [inaudible] and the topic is selfish map the exxon jealous witness, james partially disturbing to make it includes report about the one of the proposals that iss recommended opposing and response was cheryl proposal to reject capital with costly bicarbonate extraction projects and towards higher investment dividends chevron ceo john watson pointed was committee 27 consecutive years providing dividends that goes out of it negative cash flows and position to make a note even at $70 para all would not allow the company to stabilize its cash flows. that was based on report by oppenheimer analyst who found chevron's cash flows going negative and really it seems like a strong argument for taking this money away that chevron wan