the staff further recommendations that the port commission ports executive director for the ability to negotiate different terms with metro pending the outcome with the discussions of b cdc. the approval of the agreement will allow them to begin the operation from pier 25 to 27 so pier 27 can be proclaim by late september. it's critical that there allow metro to directly book events and begun the implementation to attract yourselves that's it i want to see that peter daily and john and grass and tom carter and james are here to answer all of us here to answer questions they've been instrumental in pitting this together >> so moved. is there a second. public comment? first person is shawn >> hi. you know, you don't have opportunities like this come around very often we all know that is a pretty special project but one of the things you look for in success is leadership and stefan have stepped up and we have a super cargo and that's james and they've invested time and effort because super cargo gets the passengers off and the bags moved i'm confident when they transition into the port yo

aexecutive closed session on april 22 the port commission unanimously confirmd his appointment as chief harbor engineer pursuant to the city's charter. so i would very much like to introduce eunejune and invite him to say a few words, if you will. if you will stand, please, and maybe go to the podium. and i didn't mention but he is very dedicated to his public service. he's going to help the city of san bruno transition and he will be joining us at the end of june so we'll really looking forward to that. >> thank you very much, monique, good afternoon commissioners and public. i'm very happy to be here. i was born and raised in the bay area, living in san jose san francisco was always the place you would come to for activities, events, wedings. so i'm familiar with san francisco but i never knew there was a separate port entity even though i run along this area and enjoy the parks but when i first found out about this job it was a cold call while i was at my office in san bruno and i didn't, i was forwarded information, i didn't really respond, then they called back again and said you s

the grant award. port staff applied for and received negative declaration from the city planning department and in april of 2013 and then in october 2013 we were here before the commission were you authorize us to accept and expend the grant funds. it's been a while and the holdup has been with the [inaudible] process. after the port we finally achieved compliance with [inaudible]. the fra grant us a categorical solution a few weeks ago. i just want to note this is a 16 month long process. by far the longest component of this project. finally, with it cleared the fra to provide us with a complete grant agreement last week. today's request we are here before you, as a mission, to seek authorization to enter into the track use agreement with [inaudible] to allow the poor to carry out the track improvements the grant funds necessitate the port performance meet agency design and constructing improvements in compliance with the rules of the grant. to that end, staff has negotiated this agreement which includes the following key terms: it provides port access and use of the railroad track for purposes of reconstruction. the proposed agreement does not modify the basic terms a

notified the port that wishes to exercise this option. the option is conditional in that the port commission must approve it. the lease year consists of approximately 6.75 acres of undeveloped land and a buffer area of about possibly 4.26 acres. in addition, the lease contains [inaudible] provisions as a result will continue to result $70,000 per year during the extended term. port staff is proposing a rental rate of $.18 per square foot [inaudible] in the 1st year and $.19 per square foot in the 2nd. during the extended term the port will can expect to receive $1,305,000 in rent over the next 2 years. in the beginning of the 3rd year august 26 tigers 26 in the bm market reset and the rent would be increased 3% per year it's the last 2 years over that rents. proving the option to extend the term of [inaudible] provided time for the port to explore other opportunities and develop plans to improve the site. staff recommends approval of the option. both the ecology and port staff are present to respond to any comments you may have today. this concludes my presentation. thank you. >> thanks. so

sibs the new cruise terminal was proposed at piers 30-32, upon a failure the port commission performed an analysis on a cruise terminal and berth alternatives throughout the port in 1998 and resolved that the port would require a new cruise terminal and authorized an rfp for a developer to construct a two-berth cruise terminal at piers 30-32. while that pier 30-32 public-private partnership ultimately failed to produce a cus terminal, the portion that was faied, the watermark project, did generate $20 million in condo fees that eventually was used as seed money for a new cruise terminal. the port set up a panel which recommended the port develop a mad earn cruise terminal at pier 27 and, two, instead of a public-partnership, the port would principally fund the project its elf. on the down side, clearly there were budgetary constraints. the port also had to balance the functional needs of a modern cruise terminal while meeting the regulatory requirements to provide public access. the design also accommodates vent use when a cruise ship is not berthed to maximize the utility of the build

the port commission approved a lease for this site some years ago which this item is part of. you are not asked to amend that lease today. the reason we're here before you for this special event is because the lease requires your approval if the special event is greater than 90 days in length, which in this case it is. so briefly the special event at 337 is pursuant to the existing parking lot lease, again is greater than 90 days in length, anticipate the to be up to 3 years in length. inflation would begin in july of this year with an opening in august of this year. going back to the previous site, you can see the site identified on the right-hand side of this picture, a very small percentage of the parking lot, 3 percent, about 18,000 square feet. the remainder of the lot of course will be available for parking. and the event displaces 70 parking spaces. in conjunction with the special event, which you will hear about, i'm sorry, i'm not giving you much information about that at the moment, i just wanted to give you some background on the document, there's a license requesti

the two lots you mentioned those are very much being planned in terms of the actualized but the port commissionays there a has to think opportunity for the local enterprises and little mission rock, llc on lot 337 yesterday, i got permission from the port concussion to work on those types of things merging slough and, of course, keeping some of the smaller boat yards or smaller repair shops and things in our southern waterfront is something we're trying to do as well. >> thank you. >> so then to quickly go over our expenditure trends our budget is growing over the years and the pie charts indicated the growth over o those two year period is related to salary and friendly benefits it includes 8 hundred thousands of for possession it is adjusting to citywide costs we're having work order growth it's growing so significantly by that approximately, $1 million and it passes on the costs we actually recover not setting them out and dock and use the short shore utility we have management costs for example, peer 29 fire helps to drive that increase and the other extension weighing we're going were tryi

>>resolution approving the port commission's third amendment to lease no. l-15169 with autodesk, inc., a delaware corporation, for the lease of unimproved shed space at pier 9 in the northern waterfront with a 111 month term, to commence upon board approval. >> okay, thank you very much, supervisors. >> good afternoon, jeffrey ballum the port's leasing manager and seeking your approval for the item as read by the secretary, it is an amendment to an existing lease, and it adds 3400 square feet of currently unimproved shed space that is currently used for parking, and will invest no more than $2 million to develop their robotics research lab, pier nine, and they have, and this will bring them up to 30,000 square feet and they are doing 3 d printing, and software development, and currently, employing about 120 persons at pier nine, and the amendment is co-terming with the existing lease and it runs for about 104 months. and there is a construction period where no rent is charged for a period of 180 days, and the amendment does provide the credit of 400,000 whi

they still remained concerned with the immense capital needs of the port but they feel that the port commission in particular by setting the designated capital policy is taking affirmative actions to address that and they like what they are seeing. so we're very excited about our new rating. if all goes well we will be entering the market this thursday to sell the 2013 bonds with an anticipated closing date two weeks later on may the 29th. so so far, the mashet place is moving in the right direction for borrowers and we're very xietdd for that and we want to lock in and have the market place move up so we can earn money on our other investment holdings. wish us luck and i'm sure we will be reporting back on how the sale goes. you may have caught -- may recall the lease extension to the southern waterfront advisory committee. we apologize for not doing that earlier but we made the presentation on april 30. they were supportive of the lease option, they don't actually vote up or down, they give feedback and comments. they commented that rickology is a well-operated facility and it provides benefi

port commission approval is crucial in that it will allow metro to begin the transition from primary operations at pier 35 to the new terminal at pier 27. again, pier 27 will be a modern facility that meets industry standards such as a mobile gang way and it will take time for that transition to occur. so to assure that by the first cruise ship call in late september we've got everything in working order. the mobile gang way, the shoreside power, every aspect of the new cruise terminal. but such approval is also critical for event operations as well. once the agreement is done this will allow metro to directly book events and start to implement their marketing program to attract and sustain event users. that concludes my report. i am also supported here with peter daly and elaine forbes and also steven from metro and we are available to answer any questions. >> thank you. is there nub comment? seeing none, commissioners? >> thank you for a very -- well, a great presentation. i'm really excited about the new cruise terminal and all the new cruise calls we're going to have coming to sa

now our pro forma we're showing to the banks and the loan committee and we are showing to the port commission today is a conservative pro forma, granted and shows the full split with no overage. >> but you understand my logic of saying once the black bar splits the red line should be going up. >> there's no red bar and so it will be going up. >> okay, i think that's the extent of my questions. >> well, mine is -- hats off to the developer for being on hock for $40 million. i'm sure he knows what he's doing, from somebody that's put up their own money in projects down through the years, so i know what that's like. i think this is going to be a great project. i'm really excited about it. i've lived in san francisco for 43 years now and i've driven over in that area thousands of times and you look at this eyesore and you say when are they going to do something down there? finally when you get our director and all the staff, i don't know than and yourself, finally negotiate a deal here that works good for everyone. and we're finally almost there. you know the lady that spoke a few minutes ago abo

to make pertinent public comments on each agenda item unless the port commission adopts a shorter period of time on any item. item 8 public comment on items not listed on the agenda. >> any public comment? seeing none,, public comment is goes. next item >> automatic executive directors report. >> good afternoon port commissioners. members of the public and ports that. welcome to our april 22 meeting. i have a long executive directors report today because apparently is is incredibly busy time but i hope to move through it really quickly. i want to start by talking about a cruise out with 4 2014 and 2015. we are really excited to report that 2014 will be a record-setting year for crew shipping at the port of san francisco. we are expecting 75 cruiseship calls carrying approximately 260,000 guests plus of course the cruise. so this is a new high record for the port in modern time and were very very excited about it. this has been continuing over the last couple of years and 2013 the port hosted 64 crucial calls at 213,000 cruiseship passengers and that was our highest number of guest since

i'm here to discuss 19th street only june 3rd the city and county of san francisco through it's port commission mfrtsz 3 and a half miles of waterfront along the bay and it currently regulates the maximum allowed heights they run from 40 to 84 feet they usually need approval by the planning commission and the board of supervisors those changes don't currently require the voters to approve it prop b has height limits in effect unless the city voters approve the height limit any ballot question to there those must specific the proposed height limits in you vote yes. you want to prevent the city from port property to exceed the heightened limits unless the city voters have approved the vote limit increase in you vote no. you don't want to make the change. i'm here with lewis former city attorney and proponent of prop b 82 >> thank you. >> and joined by on opponent of the measure thank you. i'd like to start with opening comments that from each of you ms. renee your opening statement. thank youo the league. i think we all agree the san francisco waterfront is a truly special place. and if you do we

the $600 million that is about a shortfall of $10 billion and it requires the port staff and port commission to consider the trade off between expenses and capital needs and try to balance accordingly so we'reizing that closely i've already mentioned. that's the high-level supervisors if it's okay with you i thought i'd ask meg 80 an so walk through the numbers >> thank you. >> as on overview the budget is increasing and important to note of that growth 7.6 million is driven by operating revenues we've split between the designation of futuristic capital. if you're looking at or you've found the slide of the presentation the operating expense has monique explained we're going to accommodate the known growth and the strategic priorities like staffing and other projects. the designation of future capital is trying to meet the capital policy but the other significant part of our growth is the new project the $14.2 million the port entered into the agreements with developers those expenses are offset by the payment its not new to the port but allows us to make the portside expenses in those proje

. >> next item resolution to approve the ports commission for autodesk in the northern waterfront with a hundred and 11 month term commencing upon the board approval 20023. same house, same call? this resolution is adapted >> item 16 is a resolution to approve and authorize the execution of a lease agreement and related areas on plot with ed ford express with 8.6 million with one year option to extend. >> same house, same call? next. >> to approve the special trait fair between the city and rapid transmitted districts through june 2020 and not to exceed 25 mile. >> same house, same call? this resolution is adapted. >> item 18 to authorize the transfer agreement to expire june 30th between the city and package street for the transfer of real property for the development of a 16 unit affordable housing. >> same house, same call? this resolution is adapted item 19. a resolution to determine that the transfer of an off sale premises to premises on howard street unit 2 to 9 to one 01 will serve the convenience of the city and same house, same call? this resolution is adapted >> it is to det

talking and writing about it and as your attorney here knows from the days when you were on the port commission -- really addressing issues so i write about it. what i want you commissioners to pay attention to is like your staff. it has come to my attention that you now have another layer of the staff, deputy assistant general managers or whatever but you sit here when you need real answers, they can not be given, so the staff has to learn to have empirical data that's readily available and finally in the 20 seconds that i that i have, i would recommend that that we support one of your staff that has worked very hard in the bay view his name is massoud -- i will be sending a letter to the president as well as well as to the general manager to the mayor and to other relevant entities about this staff member who should have been given a promotion 2 years ago promised to him but was not by the add visor and i'm a person that if i say something i'll follow through i'd like you all to offer him all the support necessary so that he really serves the bay view thank you very much. >> thank you francis

talking and writing about it and as your attorney here knows from the days when you were on the port commission -- really addressing issues so i write ab

according video or taking pictures turn to channel unenforceable holding taurus right to be the port >> : commissionould be a hundred $60 for the first time but had a slightly less the cost of the disneyland and a mission. >> : the thing this is a sight to see as a sign something even more spectacular may be letting up the sky this weekend later oral day traffic jam alive with the in shutting down a major interstate. max are to conserve water helps to know how much water year using show you a new tool that helps keep track of your water use. ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. in every life, there are when you know, you know. the all-new volvo v60 sportswagon. the s60 sedan and the xc60 crossover. test drive one today. model year end sales event. the s60 with 0.9% apr and up to $2500 in allowances. as for water helps how much water you're using crude and a tool to help people keep track of the order using real time.

before you today for the airport and the municipal transportation agency and for the port and public utilities commission now you'll be hearing the mta and the public utilities commission tomorrow and the sunset week about in every case we've analyzed the staffing requirement and cost and have fined in most instances significant savings and the security services and the certification and parking and paratransit and the jailer temperature port and security services and puc less contracted if a they've been made by the civil service that's on the agenda for are tomorrow either way would be fine you can hold it or pass it out at this point and it will stay along with the budget and be a trailing legislation at the full board. >> thank you, colleagues any questions for the controller's office okay. so we can't pass it out today, we will have to continue this? item 5 the prop j? >> john gibner, deputy city attorney you'll continue to today until tomorrow and pass it out tomorrow. >> okay. take public comment on item 5 is there anyone who wishes to speak on the item? seeing none, public comment is closed. all

proposed budget for the international airport and the transportations agency port public library and public utilities commission for the fiscal year 2014-2015 and 2015- 2016. >> okay. thanks so we have 3 of our commissions i'm sorry different departments up. is the director here >> okay. if not we'll skip on director reiskin i don't see him either. do you want to wait a minute for the director. okay. why don't we wait we have mr. kelly here why not start with the puc. >> so thank you and good morning, chair farrell and supervisor avalos, supervisor breed and supervisor wiener. take the opportunity to provide you with an in debt information for 2016- 2017 and 2015- 2016. we appreciate the opportunity to give you an high-level information but thank you for meeting with us individually about the questions and concerns. today, our cfo and assistant manager will be making a detailed presentation we have included a number of silenced that address questions you've asked us to address. as you hear today's presentation there's been a lot of great things we've been doing at the puc while we continue to provide twenty-fou

square feet, and used the minimum parameter rental that the commission approved every year, that's the $77,000 number we talked about. the port is guaranteed that number. >> right now we're getting $70,000. we're guaranteed 77,000? >> it's the greater of those numbers. >> so we'll be getting 77,000. >> at a minimum. >> so where does the 150,000 come from? >> fran worked with the parking lot operator who operates this lot on behalf of the giants and looked at the park's past performance of this site to generate a per space revenue number and then looked at potential increased patronage to the site and if somebody drove to the site to go to the beer garden or one of the retail shops how long would they stay. there's some assumptions made behind that number but i think fran could speak to the conservative nature of that number. >> as phil mentioned it's largely about increased patronage and parking lot revenue increasing because people will be coming down here on other than a dwaipl -- game day to use this site. we believe it's conservative, the 150,000, particularly we budgeted for 12 special event program festivals a year and

state and new jersey respectively have announced they have sent a letter to the port authority announcing a bistate commissione special panel on the future of the port authority. that is presumably because it is now an open secret that the port authority has been used as a political cookie jar by which to dispense favors and punish enemies. >> right. you know, this is a bistate agency and the bridge in question here goes between new york city and new jersey and one thing that is happening coming up that is really, i think, pertinent is port authority executive director pat foye is being called to testify in front of the committee and this is a cuomo appointee. we've started to see some murmurings in the new york press about what cuomo might have known when. i sent him a freedom of information act request and they have claimed they have no communications with anyone in the port authority or anyone in the christie administration about this debacle as it unfolded but also pro-publica put out an interesting report this week that, like the christie administration, the cuomo administration reportedly uses personal

the top level of the european commission, it continues to be ,ery port of of negotiations the transatlanticotiations. inhough there was some shift the european parliament, there will be a european commission succeeded in the fall here there is a consider role amount of support. i see those negotiations continuing while making consistent and steady process -- progress this year. i do not see a sick if the outcome problem from the results of the european parliament election. qwest as you know, china is always in the middle of trade discussions. what type of impact might the recent indictment of five military officials on hacking charges, what might that have on bilateral relations, including trade in washington and beijing? >> it is an important question. there could be several impact here the first and more important point to make is that, while it is an immediate death in relations causing immediate ties, thebilateral expected july meeting in economic dialogue, the highest we have with china, will go on as scheduled in july in beijing. the bigger concern here is really china's use of intell

the municipal bond market we sold 22 millions plus port revenue bonds series 2014 they were a series a that's tax exempt and building inspection commission that's taxedable it constituted 19 hundred million and b-2 million 80 thousand that's about a 12 percent to what would that be a 28 percent split pr the transaction is scheduled to close this theirs on may 29th so the sales portion of it is definitely done. the transaction was a progress for us by a couple of people that i would like to mention first and foremost our team eelena additional larry brown and marilyn and a number of other i know i'm forgetting apologizes in advance our consultant were lead by nicholas and company and >> financial advisory were braxton and other we're pleased to have the caliber firms working with us. the offenders were driven by institutions like fund there were definitely retail buyers and merrill lincoln submitted odors over $10 million in a particular series and allocates of million dollars we're pleased to have them. our overall interest of costs are the average 3.97 percent we've borrowed thirty years under 4 percent and this is the best certificates

commission. we operate a public transportation system through the mta, we operate a port and of course san francisco international airport is part of our budget. so that's 7 poib 9 billion dollars, almost $8 billion really reflects a broad rank range of responsibilities the city has. moving on to the general fund, when we talk about the city's budget a lot of what we focus on when we talk about balancing is really about the general fund. and the general fund is essentially the money that is unrestricted, it's money that's not in our enterprise fund for providing services to the public. the general fund represents about half of our overall budget in the city, about 3.9 billion dollars this year. and the slide that i think is up on the screen shows you that in san francisco in the general fund what we get about, well, the vast majority of that money comes from the taxpayers, it comes from property taxes, it comes from hotel room taxes, it comes from business taxes. we have a broad base of revenues but they are all paid for by you. except we also get about one out of every five dollars from the state a