buy back into redevelopment. what that means for us is working closely with the redevelopment agency, there is the city attorney's office, the city had been a straighter, and the comptroller's office. we have to determine what the fiscal and operational impact is of becoming the sister agency. it means that the redevelopment agency is dissolved and all assets will transfer to the city along with those obligations. those obligations to include major development projects as well as other commitments that the agency has made better binding by contract. people have been concerned about the retiree health fund and whether or not those obligations will be viewed as a forcible and they are. all of their work beyond in forcible obligation either terminates or is transferred to the city. what does the resolution do? this those five important things that allows us to make sure we're ready for the resolution that occurs by law. the first thing it does is that the firms of the city will take on being the successor agency and

he complained on how redevelopment has done. how dare him without consulting to the committee, with the western addition. this is insulting. we will have to file a lawsuit. >> thank you. are there other members of the public that wish to speak on this item: number9? >> i would like to give the interim director of the redevelopment agency an opportunity to address and the sticky questions that i heard that will may be shed some light. one, if you can speak to the extension of the deadline. this is the question raised by the woman from st. patrick's parish. then, if you can discuss what actual powers we have. thank you. >> thank you. one, on the extension, when i heard the woman from st. patrick's church articulate and ask for an extension of the time for the transition. what we do know is that redevelopment agencies will be dissolved as of february 1. there is no appeal process, there is nothing that we can do to change that. there is talk of potential state legislation out there. we cannot control that. we must act affirmatively

pay down all of the enforceable obligations of redevelopment agencies, but otherwise, to terminate redevelopment as we know it. in conjunction, the legislature passed a be 27, which allowed them to continue for some payments of the tax increment in redevelopment areas to close the budget gap that the governor required. the redevelopment agencies and cities challenged proposition 26 and 27 as the violating proposition 22, and on the basis of the other arguments. on december 29, the supreme court upheld proposition 26 and struck down proposition 27 passed by letting -- ab 27 on the ground that it violated proposition 22. the redevelopment agencies are to dissolve as of february 1 of this year. with respect to the transbay project, we feel we are an enforceable obligation, as it is defined in ab 26. because of the fact that this project is under construction and is based on a financial plan that requires tax increments that this project is essential to grandfathered under the language of ab 26. we feel we have a strong case that the tax increment from the state transfer parcels from the redevelopme

it includes the airport, the puc and the redevelopment agency. there is also a portfolio secured by general fund revenues. as a result, we have partnered with them to do the funding, so we have a situation where we do work with them on some of the projects. as a result, with that, i believe this will allow me to be useful. supervisor kim: are there any questions? mr. olsen lee. >> good afternoon, supervisors. as my position in the director's office of housing, in charge of the housing division. clearly i support the resolution that would be going for the board on tuesday, transferring the agency's housing assets and loans and grants to the mayor's office of housing to continue to fulfill the goals of those initial investment. prior to my term as deputy director at the redevelopment agency, i was at the mayor's office of housing and by title was chief housing finance officer. a practical title was a multi- family housing for the mayor's office. i have collectively 22 years for the city. clearly, my expertise for 15 years at the agency puts me in a

it has never acted as a a redevelopment authority. i think the things put forward in this resolution are basic. in terms of the oversight body, i think they're fairly limited in some of the changes. they have to work with in the land-use plan that we have already passed and have gone through the legislative process here at the board. it is ltd. 23 project areas. we still have many other area plants that we have a lot of questions around, including south of market, yerba buena, which is no longer an area plan. but we still have many other questions that need to get addressed. this will be coming through the budget committee. many of the funds in development are going to be going through the property tax apportionment and will come back to the city. i think all 11 members of the board will be away in in terms of what our priorities are around economic development and workforce development. i want to make sure that we commit as much as we can, given the increased number of dollars that are coming back to the city on the promises we have

without particular role on february 1 as the redevelopment agency. that happens automatically, and essentially it is a moot point is it we're going that way anyway. the legislation that the mayor introduced does take away their right to be a redevelopment agency as well. commissioner sugaya: secondly, on antennas' again, the board of supervisors direction was for capacity and coverage and does not address what we cannot control, the radio -- >> [inaudible] commissioner borden: just be clear, we of a couple of the antennas on our agenda today. does that mean we would add this to approval? >> we will discuss that and it will be up to you if you would like to add that as a condition of approval. it is really up to you. off >> than>> thank you. >> ann marie rodgers back to give you the weekly report on the board of supervisors activity. this time it is a little bit of a look back at december. we did not have a chance to tell you about the december activities. there were a couple of informational hearings 48 washington and the california pacific medical c

to continue this critical work, we're going to need new tools to replace redevelopment. we are committed to working with our partners across the state to create the tool. i am committed to a new local toole, the finance -- to finance affordable housing. as we announced my administration will establish to -- a housing trust fund to insure we have a local, a permanent source of funding for affordable housing. last but not least, we will continue to promote workforce development and neighborhood revitalization. the redevelopment agency played a critical role in supporting work force and local hire programs as well as revitalizing communities on a neighborhood scale. i am committed to finding a way for the city to pursue a comparable workforce development and local hire programs, small business support, corridor facade improvement, public rail improvements and similar activities. today, i will be introducing a resolution to help move these goals for. i want to thank supervisor malia cohen for agreeing to be the sponsor of this resolution. i want to thank supervisors kim and

they cannot enter into new redevelopment areas or anything like that. they are only charged with carrying out obligations that were already in place. the successor agency, which is in fact the city -- i should say it also transfers the assets of the redevelopment agency, which there are an art critic large number of properties and buildings. anall of the other assets will be transferred to the city administrator's office. the successor agency will be overseen by what is called an oversight board made up of seven members, four appointed by the mayor, and three others. one afforded by march, the school district, and city college. -- one appointed by bart, the school district, and city college. the mayor submitted four names, and i am one of those. the other members denominate no, the finance department with the city, and the union representative for local 21, which is the union that represents the largest numbers of employees of the agency. what we're now going to have to work through is, in terms of the department's role, all of the actions we need to be

>> i would have to check with the current head of the redevelopment agency. that was part of our work with regard to moving this process forward. chairperson kim: i know that the soma pac was informed of developments. i imagine the others were as well. that is not impacted by this motion that is coming before us today. are there any further questions to mr. young or about any of the appointee specs supervisor campos: i have a basic question for ms. young, and i appreciate the work that has been done around this. we talked earlier about the need to move quickly on the underlying resolution, so we do not lose any of the affordable housing assets that are at play here. in terms of actual action, what is the harm in waiting to partial the provide public process -- in waiting to provide public process? i wonder if you have any thoughts. >> from our perspective, the redevelopment agency is the agency that manages dozens if not hundreds of contracts in any number of areas. those actions, to a large extent, need to be overseen by the bodies to which the agency is acc

the redevelopment funds are part and parcel of the city budget.hey extend into so many different departments this impacts way beyond the community and economic development agency. there are 17 police officers whose salaries are paid for by these funds. their contract protects them from layoff so other people will have to be laid off in their place somewhere else in the city. there are people in the city administrators and city attorney's office and so on and so forth. really no part of the city is likely to remain completely untouched by this and this is what has come of this budget deal that was struck last year where the legislature -- >> there are about 400 similar cities across. >> oh, yeah. >> belva: why this one so rapidly? >> oakland perhaps the money is more deeply embedded in oakland's infrastructure. but all cities, los angeles is also moving to shut down its redevelopment agency and grapple with the loss of funds down there. we had two state senators today introduce a bill that would delay the effective date from february 1st to april 1

and i am senior product manager of the redevelopment agency. as maria said, we issued and rfp for two of the parcels i will show on this map here. block 6 and 7 of the transbay redevelopment project area. they are right here. block six and walked seven. -- block 7. these of the first market rate developments we are proceeding with on folsom streets. it is a very large site. a total of 550 element units. included among that are 136 agenciey-subsidize affordable units. in addition to the proceeds from the land, we have another requirement from the state that we have to build 35% of the units affordable housing. these blocks here are all going to have a significant affordable housing component, but most importantly the goal is to generate the most money that we can from the market rate component of all of these parcels. each parcel has a distinct market rate project and affordable project. they are financially set -- separate. we have a market rate project consists of 300 ft residential tower, and a bank of town houses along a new clementine tha s

it transfers the redevelopment agency affordable assets to the mayor's office. it also transfers the redevelopment agency's non- housing assets to the departments of the city and administrative services. it provides for the required payments of enforceable obligations to a successor entity. it authorizes and new oversight board which is required by the state legislation to oversee the fiscal management and assets of the former redevelopment agency including issuing new bonds to -- and to exercise land use authority for projects that will continue. it removes the redevelopment authority from the treasure island development of -- authority. as a result of issues raised on both committee meetings, i also have a number of men -- amendments for which many of your -- i have provided copies. there are four amendments. to clarify that land use is granted to the oversight board consistent with the previous authority granted by the board of supervisors and redevelopment commission. second, clarifying the board of supervisors will still need to approve any amendments to th

as a result of this, the city redevelopment agency will be dissolved as of february 1 of this year, and the city must accept and continue the enforceable obligations. this ruling has immediate and significant impact not only to the neighborhoods that have current redevelopment project areas, predominantly in district have and 6, but also in the city -- districts 10 and 6, but also in the city as a whole. there are existing contractual obligations, such as mission bay development, candlestick point, and trans bay. however, this ruling has significant impact for affordable housing and other investments that the redevelopment agency was making in our more challenge neighborhoods, such as funding for local hire opportunities for at-risk populations, funding for neighborhood revitalization work. that includes small business support and improvements. project that completed the re- development planning process m were negotiated contracts -- in were negotiated contracts. under the assembly bill, the city must immediately do a number of things to protect the supply of affordable housing in the p

even if they eliminate redevelopment, we are coming back. we are bringing people together and coming back with private enterprises, developers, people who have worked together with us. they know that delivery of promises has never been about a reliance on government programs, that we would fail ourselves and fail our community if we are so inclined to allow ourselves to lie down. that is why i have helped to assemble this group of people behind me. also people in front of me that are represented in the private sector. people who have been very successful in producing housing. we need everybody to work together. today, i am announcing that in light of the idea that we had about forming the housing trust fund, that we begin forming a housing trust fund working group. a working group of people reflective of all the talent in our city, from advocates to developers to producers to people who maintain housing stock in the city well. that is the private housing developers, the real estate association, to the business mines and the city, and that i

this project originated with redevelopment. redevelopment a star and our eyes, and we were wondering if they could ever came out. they came out with this project, and it was their idea to help redevelop our street. with the neighbors on the spot, we were able to win the award. with all the neighbors, and redevelopment, -- and i also want to thank one whirled designed -- this project came to light. we were able to get it on paper, and from there, it went to reality, with the help of the other departments. i also wanted knowledge the core members of the group that worked on this project. mardina, nimichelle, juan fuent, anna smith. we met with various residents on the block, at my house, month after month, to make this project work. there is so much love that goes out to redevelopment again, for all of the effort we put forth. it took six years to do this. some people said that it would never happen. in my heart and soul, i knew we were going to get this done. today is the day, as sunny as it is, you can see the wonderful and bea