if this is undersequa -- under sequa, and then not have control over this, and this is something we will have questions about. from this point of view, to say that the only preservation alternative that you need to provide is what happens to the tonga room. there is only a slight change in the baseline. this is nonsensical. there is no preservation alternative. there is no preservation alternative at all. the preservation alternative is going to look at repeating the frequency, and as it has been mentioned, the tower of the podium, and something else besides what has been prevented. thank you. >> commissioner buckley: i am not certain that we should talk about this because there is a difference in the historical planning and preservation commission. i think that this is there and has been taken into account. i would be prepared to approve of this project at this time. when we hear about this, we can look at that. i am not trying to share these concerns. commissioner anthony: -- anthony -- commissioner antonini: i would like to have a report from the city attorney with the staff about wha

and we're going to have sequa review for these plan elements. if we are lucky enough to get there will be working with the public and the stakeholders. we were assured that all the neighborhood associationsa, the -- associations, the entities are going to be involved in this process. we are going to design an event that are going to deal with all the issues that we have right now. if we wait this will not be a good sign to the americas cup team as we are competing with two countries. we are representing the united states. we are representing the city of san francisco. we're representing the state of california but we are representing the entire country as we compete against spain and italy. and so colleagues, i ask that we put our best foot forward. i think the issues that have beened have been good. but our internal steam taking all these issues to heart and they will work with us and work with all of the stakeholders to make sure that we do this right. so cloges, i'm not sure if there as been a motion to continue made. but i would oppose that

one of those milestones is that in order for sequa to beiness gaited that that fiscal report must be in hand. and for us in order to move with se qua only will allow us to be real players in competing to secure the cup races. so the question to the chair to the staff of oewd would like to answer is -- when can you get us a fiscal feasibility report so that we're able to, i think, get to some of the drilldown that a number of us would like to see so that we're not officiating i think this exercise blindly. >> supervisor merker, we would be pleased to come back to the budget and finance committee with a physical feasibility study for the cup as we understand it subject to the fact that the organizers don't know the full scope but we will disclose everything that they have disclosed to us and do as much fiscal feasibility and impacts based upon that as we know it at this time and that time. >> so let's troo to put a little more hape to the answer. so is it possible that you can say that if the chair agrees with the budget committee that two to three weeks tomorrow depending on which bud

review process as well as insuring that the designation of historic districts is not interrupted by sequae appeals. the proposal has been continued to be reconsidered on or after october 25 to provide opportunity for the supervisor to do more outreach on this proposal. on tuesday the full board considered the historic preservation's commission of certificate of appropriateness for changes to the board's chambers to allow a.d.a. access to the board president chair and the clerk's table. and this week it was approved by a 9-1 vote. the board also approved a construction agreement for 1150 ocean avenue. this would authorize the director of the planning department to execute an agreement with the developer on behalf of the city to inensure the development of inclusionary housing and existing area housing plan requirements. last week as you heard, the director testified on the land use item and reported that while we are waiting for cpmc to submit plans enabling us to calculate the amount of housing that the plan would require, he also noted that the same plan does provide an avenue for a code

review process as well as insuring that the designation of historic districts is not interrupted by sequae appeals. the proposal has been continued to be reconsidered on or after october 25 to provide opportunity for the supervisor to do more outreach on this proposal. on tuesday the full

to follow the rule of the law in terms of approving projects, approving term sheets and approving sequa guidelines for projects. i feel like we're jumping the gun on this to roll out the red carpet. once again in this case, roll out the red carpet for one of the largest billionaires in the world. and i have a lot of misgivings about doing that especially because there are a lot of known unknowns in the project. so i feel most comfortable certainly hearing the fiscal feasibility and budget committee. but to me, i would like to see some analysis on the term sheet. i noit it's a nonbinding thing. but i have concerns of what we can approve today that it's almost a foregone conclusion for something that's going to be not necessarily as flexible as we'd like to it to be in terms of asserting the financial concerns that we have as a board and as a body. so i'm trying to figure out how we want to move forward whether i want to send this back to committee or send a portion back to committee for consideration but that's where i am right now, colleagues. >> supervisor mark? >> yeah, thank you, mr.