it's time now for the term sheet to move from the s.f. p.u.c. and get to the board of supervisors, where we as advocates feel like we can in a new forum that's working actually to make this policy happen immediately, where we can work with the board of supervisors on the concerns that we have and actually flushing out this term sheet so it actually makes sense for everybody. especially to the extent as we said before, we think a lot of the concerns raised by s.f. p.u.c. commissioners and that are raised by us will be addressed by moving forward the scope of work that's in your next item, expeditiously so we can develop a very solid and big body of work for the potential or real local, renewable efficiencies being built here in san francisco to create economic engines which will strongly impact the kind of concern that's were raised in the s.f. p.u.c. and the kind of concerns we're raising about how the s.f. p.u.c.'s process might have some laps in it. but i strongly agree with the commissioners it's time for this to move out of the s.f. p.u.c. a

sheet to the board, i would like the term sheet modified in four ways. and i don't know that this will answer your questions, but it is what is on my mind. the first is to the extent that we have funded reserves, that they are structured in such a way, and i think they are, they be structured in such a way that they establish a cap on our liability. if somebody is asking for cold hard cash up front the other side of the coin is that will be all that they get. second, i would like to see a more conservative roll out. my reasons are twofold. one is -- threefold. one is that it is an area where we have to mitigate. we can't fund the impact of that. that is an area where i get more conservative. second is if we do roll it out to the most likely customers first it means the ones we have held in reserve are the least likely customers and we can't assume that they will accept at the rate the first batch will. and then the third is that frankly i was -- i forget what slide it is. the slide that shows the comparative costs, actually caught me by surprise. we talke

i touched on the issue of flow of funds in terms of the reserve amount. need to take a moment on that. the customer revenues -- remember that the genie is the billing on our behalf. they collect the funds associated with our program from our customers. they send that to an account that we specify. there would be a specific account that would have specific controls on it, and shell would be given the first priority on that account. they would pay their bills, and the account would be swept, and the remainder would go to pay for the noble contract as well as other city things in the process of managing the development of renewals that the city would be managing. there are several outstanding issues, just to touch base on quickly. one, we have talked about before the regulatory question that remains about what we call the cpuc bond amount. this is something that is required by the cca statute where thec -- the cpuc has been required to set a method for calculating what has been estimated to be the potential cost to pg&e of a sudden return of cca customers. t

navy to extend the term. item number 11. lution approving the seventh amendment to the treasure island childcare master lease between the treasure island development authority and the u.s. navy to extend the term. item number 12. resolution approving and authorizing the treasure island development authority to enter into a modification of the cooperative agreement with the u.s. navy to extend the cooperative agreement from october 1, 2011, to september 30, 2012. item number 13. andresolution approving the twenty third amendment to the treasure island event venues master lease between the treasure island development authority and the u.s. navy to extend the term. item number 14. resolution approving the thirty- fifth amendment to the treasure island land and structures master lease between the treasure island development authority and the u.s. navy to extend the term. item number 15 -- item number 15. resolution approving the fifteenth amendment to the treasure island marina master lease between the treasure island development

a long-term plan. the short term plan is going to be the readily achievable solution. the long-term plan could take 20 years. i do not know. your business might not be making huge profits. you may need to be saving money for the long term. but it is your obligation to plan for the long term as well as the short term. the ada has a set of priorities that guide you on how you will be serving your property. the ada says a certain party of getting in the front door, but you are logical, you want your customers to access your services. be that steps, be that ramps, if the door is not wide enough, if the landing is not level enough. priority two is actually travel. once you get into your business and start speculating the wits of your files. access to all of your services. [inaudible] rearranging furniture. that is something we would call readily achievable, if you move your table out of the way to allow a person with a wheelchair access to your space. restroom facilities only come into play after you have alrea

supervisor campos: what are the terms of the agreement? is there a unilateral term? >> i do not think so. supervisor campos: it seems we should be open to renegotiation. we have to renegotiate we have 7% and other agreements that actually guarantee 70%, 40% or 30%, 7% appears out of whack. >> we read the contract pretty thoroughly and i'm not an attorney so i cannot really respond to that, but i don't recall there was a provision that would allow a unilateral termination to renegotiate a contract, but i could go back and look at that. supervisor farrell: would it be possible to send us the contract as well? supervisor campos: it amazes me how we find $5 million pockets of money in our city government that we are not taking advantage of. >> obviously, it would be nice to renegotiate the higher revenue share consistent with the others, but if the departure of public-works were to renegotiate even just a 25% revenue share, that include additional kiosks, we estimate the city could generate or receive $1.1 million in additional revenue annually. supervisor campos: from m

extending the terms to june 30, 2015. an ordinance adopted amendment no. 4 between the city and municipal executives association by extending the terms to june 30, 2015. implementing no. 4 to the 2013 -- by extending the terms of this to june 30, 2015 and the ordinance adopting no. 4 to the 2007 between the city and its pole executives. and extending this to june 30, 2015. >> and is there any discussion? supervisor of the los? >> a question for the city attorney. i recall in the first proposition -- this had to be approved prior to the budget being finalized, and the facts that these are amendments, that requirement is not necessary? >> this is been deferred to the project. >> human-resources director -- the 2000 legislation did remove the june 30 deadline for the concession agreement so this particular amendment is not subject to the deadline, the may 15 deadline for public safety and this contract. >> thank you. >> is there any further discussion? do we need to do a roll-call vote? we will take these items, the same hous

that is not the way it will be long term. we will start to own our own infrastructure as the world changes. there will be a difference and the green power will be reduced in price. green power is more expensive. >> shell oil is coming to the rescue? >> they will by wind. -- buy wind, the chepaeapest is wind. even with that, it is still more expensive than your basic what they call brown power which is the majority of what is produced and should be by pg&e. >> we have discussions with shell about the values and compliance. we would -- my concern is the results from conversations surrounding pg&e. i am not so sure at this point that shell oil has been sufficiently vetted but i do not know. >> shell oil is internationally known. some of the similar questions were raised when iran energy selected shell oil. and it is a large corporation. the only one that would step forward. it is one of those things you might take into consideration as you look at the contract. it is the only company that has offered to do business. >> it is not

and the point about the long-term helping the short term. i agree. et an incredible boost from the international investing community and the markets. but he has to make a complicated argument. he's done bits and pieces and never put them together. we have a short-term problem and do anything about that right now and at the same time we do long-term structural reform. he has to explain why they fit together. he doesn't have to say about the medicare retirement age on thursday night. but has to lay out why they are connected. >> chris: when we come back, 2012 presidential race. rick perry tops the [ man behind every business is a "what if." what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and powerful devices like the motorola photon 4g. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network.

what the final term sheik was -- sheet was. commissioner torres: i would argue that interaction needs to take place earlier in first quarter 2012. if we are looking at -- if the board scheduled a meeting for the end of this quarter in 2011. we need to be looking and sharing this so that everyone, all the stakeholders are involved in this discussion. they are given a certain responsibility. those of us on the board are appointed to a certain seek on the board which each of us takes very responsibly. i -- if we are going to meet with lafco on october 11, there must be some way to reach out to the rate fairness board so they understand what is occurring. president vietor: i do not know what their calendar is. >> we would be happy to do that earlier. as well as what we know. commissioner torres: the more eyes we have done these decisions, the better decisions we can all make. not only this body but the board of supervisors. commissioner moran: the is the rate fairness board look at one rate at a time or do they look at programs? >>

the timeline. we have not talked in those terms. i do not want to -- define the elephant, i want to see the whole thing at one time. >> most of what you are asking for can be accommodated. the issue is on the finalized rate, those rates change every day. you'd have to give some authority within that period in terms of appropriating any reserves to make them meaningful, you would have to have the preparation in front of you and the goal would be to have that corp. happen with the contract. you would be signing the contract knowing what it cost and appropriating the money to do it. one issue that is a problem is that cpuc bond. that is out of our control when that might happen. the project is contingent on that, we pretty much go as far as we can and we stop. that could be a very long time. that is the problem we have had. >> i appreciate that. at the moment i am not comfortable saying i am ready to proceed without knowing. it is such a potentially big ticket item. that seems unwise. >> [inaudible] >> i think so. >> maybe you could mov

i think the term is too far out. >> is that still negotiable? >> this is the standard contract they are offering all of their customers. i don't know if they would be open to a shorter-term if there isn't support for it here. >> our current contract, they are asking us to make a commitment by the end of some timber. an indication of a commitment. they understand that will not have board approval. if we get your consent, they understand will not have your approval in that timeframe. >> is there a way to go back to them and try to negotiate the terms or see if they are open to it? >> we could do that. it compromises our overall ability to serve through a western approach. we already have a basic resource contract with them and that extends beyond this term. it is very cheap power. >> he will see how strongly they feel about that, having a contract with them, but not as long. >> it is unlikely. >> i suspect this is the way they do business. this is how we are interacting with everyone else. survey, why an exception for you? >> if we were cannot take

extending the terms to june 30, 2015. an ordinance adopted amendment no. 4 between the city and municipal executives association by extending the terms to june 30, 2015. implementing no. 4 to the 2013 -- by extending the terms of this to june 30, 2015 and the ordinance adopting no. 4 to the 2007 between the city and its pole executives. and extending this to june 30, 2015. >> and is there any discussion? supervisor of the los?

the point bill is making about long term helping the short term, i agree. as soon as they have a credible plan in place for fundamental structural reform in all those areas we are going to get an incredible boost. but he has to make a complicated argument, i think he should have made it a year ago. he has done bits and pieces but never put them to be. we have a short term problem the jobless recovery, we have to do something about that right now at the same time serious long term structural reform. he has to explain why those two fit together. he doesn't have to say exactly what he wants to do on medicare retirement age thursday night. but he does have to layout why those two are connected. >> chris: we have to take a break. when we come back the 2012 republican presidential race. rick perry tops the polls and faces his first debate this week. f! >>> career politicians got us into this mess i am and career politicians won't get us out many >> we cannot concede the moral authority of our nation to multi-lateral debating societies. >> chris: that was the two

the long-term reforms are the solution even in the short and medium term and that i think is the mistaket the obama administration doesn't understand. >> chris: i want to put up on the screen a chart that shows how this recession compares to others and the one down there at bottom is the current recession. the other you see for in the '80s and in the early 2000s. the job losse losses haven beeh worse this time and the recovery if you can call it that has been much slower. i know the president is going to say that he inherited a mess. i know he is going to blame it president bush. i know that they will demonize whoever the republican nominee is. guys, can you put that chart back on the screen because i think it is dramatic. it was on the front page of the new york times yesterday. there you see it. how do you get reelected with that? >> well, that is -- that is his problem right there on the screen and it is really hard. people are fond of saying no one has been reelected with 9% unemployment. no one has run for reeelection with 9% unemployment since fdr. it will be incredibly hard. the p