adoption made by meiberger and second by paskin jordan. without objection this motion passes unanimously. >> item 7 is continue to call the chair. item 8- >> no. item 7 is removed from the agenda. >> item 8. >> not rescheduled. >> 8 is removaled as well. >> item 9. action item approval commit 40 million pounds to [inaudible] >> thank norm. uk real estate and art and craig are on their way. >> thank you bill and good afternoon commissions and members of thepublic. we are here to make a commitment to barackton capital. they are active in london and the uk. london is considered a world class city in the same class as newuric, toqueia and hong kong and a popular city to make investments. it seems the entire world is trying to [inaudible] that isn't a strategy we recommend. they are paying very high [inaudible] at very low cap rates and we do not want to participate in that game. we wish we had some assets to sell today but our core assets are not quite of that quality. on the other hand is a [inaudible] real estate manager. they buy understabi

adoption made by meiberger and second by paskin jordan. without objection this motion passes unanimously. >> item 7 is continue to call the chair. item 8- >> no. item 7 is removed from the agenda. >> item 8. >> not rescheduled. >> 8 is removaled as well. >> item 9. action item approval commit 40 million pounds to [inaudible] >> thank norm. uk real estate and art and craig are on their way. >> thank you bill and good afternoon commissions and members of thepublic. we are here to make a commitment to barackton capital. they are active in london and the uk. london is considered a world class city in the same class as newuric, toqueia and hong kong and a popular city to make investments. it seems the entire world is trying to [inaudible] that isn't a strategy we recommend. they are paying very high [inaudible] at very low cap rates and we do not want to participate in that game. we wish we had some assets to sell today but our core assets are not quite of that quality. on the other hand is a [inaudible] real estate manager. they buy understabi

adoption made by meiberger and second by paskin jordan. without objection this motion passes unanimously. >> item 7 is continue to call the chair. item 8- >> no. item 7 is removed from the agenda. >> item 8. >> not rescheduled. >> 8 is removaled as well. >> item 9. action item approval commit 40 million pounds to [inaudible] >> thank norm. uk real estate and art and craig are on their way. >> thank you bill and good afternoon commissions and members of thepublic. we are here to make a commitment to barackton capital. they are active in london and the uk. london is considered a world class city in the same class as newuric, toqueia and hong kong and a popular city to make investments. it seems the entire world is trying to [inaudible] that isn't a strategy we recommend. they are paying very high [inaudible] at very low cap rates and we do not want to participate in that game. we wish we had some assets to sell today but our core assets are not quite of that quality. on the other hand is a [inaudible] real estate manager. they buy understabi

made by meiberger and seconded by paskin jordan. we are going into closed session. without objection? passes. thank you for joining us. 6:25. i like to entertain a motion at this time. >> i'd like to move [inaudible] that we respect the items in closed session. it requires further discussion [inaudible] >> in the next board meeting is january. january 20. is there a second to that motion? second by mr. driscoll. the motion passes unanimously. [inaudible] i also want to make a comment my husband is a pre-96 retieee so want to make that clear that people have that knowledge in the commission. >> thank you, we appreciate that. are there members the public that would like to comment on this? >> [inaudible] >> thank you. is there public comment? no public comment is closed. motion is made by commissioner stansbury and second by commissioner driscoll. the motion passes unanimously. any other matters before the body? >> [inaudible] >> any other matters before this body? >> no calendar items >> this meeting is adjourned. thank you. [meeting adjourned]. >> ladies and gentlem

possible with that, thank you, thank you i'll be happy to answer any questions sorry commissioner paskin-jordanood but looking forward to hearing our questions. >> okay. thank you open up for public comment first. >> sue hester i've been through the the processing the didn't division of the planning department guarantees people that are implementing the plan don't have any roll in developing it the project planners that take this menu they're going to look at the code all the airy fairy things an this thing don't mean a damn thing unless the real step is a code and their told her to have to read the planning documents my guess from experience is that people who really internal listed the planning documents by this planning department through the implementation if i get 20 that he is is i'll be surprised they don't read it they don't understand the intentions they understand the code language and in looking at this we have developers that are rewarded for open space next to the project and their credited for not the open space for the community but it is clearly built to benefit their projects a