, supervisors scott taylor transbay joint powers authority i want to provide you with the transbay funding it is a significant portion of the melrose is designated for the transbay project. as a very brief refresher the transbay project is drifted 20/20 construction phases first, the construction of the transbay building that broke ground in august of 2010 we finished it this year the groundbreaking and in t in the next over the course of the next phrase i'll is a structure steel frame of the entire facility emerge from the ground we're on track to complete construction of the transit center and begin bus partitioned in late 2017 and we brought to the transbay joint powers authority board a budget adjustment of $310 million that was approved in july of 2010 that increased our budget there was 2 primer drivers the first were the results of a assessment that was prudent as the project approached one hundred percent completion of the design in 2012 to do the vulnerability assessment that recommended $28 million in security enhancements and in early 2013 we were requested by the federal govern

year related to transbay blocks 6 and 7. with that, i'd like to ask elizabeth to start off this presentation and she'll also be joined by courtney, the transbay assistant project manager. >> good afternoon. i'm elizabeth, development specialist and i'm here with those two requests today. i did want to mention that in the rezs there's a change. now back to the project. the project will be an affordable 85 unit family project and will include a child care facility and open space. this project is part of a larger master block development in the transbay redevelopment area. the transbay redevelopment project area was adopted in 2005 with the purpose of redeveloping 10 acres of property that were owned by the state of california to generate funding for the transbay power authority to construct the new transbay transit center and meet the affordable housing requirements. 8812 is an enforceable obligation that requires ocii a successor agency to the san francisco redevelopment to ensure that they're affordable to an occupied by ver

, supervisors scott taylor transbay joint powers authority i want to provide you with the transbay funding it is a significant portion of the melrose is designated for the transbay project. as a very brief r

custom 86 the affordable units will achieve the transbay obligations. the payment of the $13.85 million as a condition of the granting the veterinarians requests insures that will not be detrimental to the public welfare ocii will use the payment to complete the obligation specifically ocii will use the $13.85 million to fund the units on a ocii evaluated site but fund 24 more units. again staff is programming the majority of the fund for transbay block 8. as required the commission approval of the variance request will be subject to approval by the board of supervisors and in capacities as the protective body for ocii because it constitutes a material changed in the ocii programming and additionally because the project is in zone two the planning commission and board of supervisors will consider approving the development agreement with the developer consistent with the action i'm here along with the property owners to answer question and madam secretary do we have speaker cards >> we have one and (calling names) >> good afternoon, commissioners thank y

brought in many million dollars and then finally you see the transbay redevelopment area by zone one and two. the transbay project is designated to receive a specified portion of property tax of regular property tax revenues from the transbay redevelopment area and we're specified to receive those revenues over the course of 2005 to 2050 we're using the revenues to repay a federal infrastructure lesson that was called a tiff loan for phase one but the amount of property tax revenues we're going to collect over the 45 year period is much more than we're going to need to repay the loan so it will allow us to do a second loan for the a t x. and so in terms of overall cost of the d t x our board approved a $2.6 billion for the 2008 that is a traditional design approach we worked with our financial consultants to revise it estimate for $2,014 and in today's dollars that repeals $3 billion approximately $3 billion to construct the d t x one and a $180 million what was for a fire chief grade for the tracks bringing in caltrain from the south bay it's been a goal of the city to bring those t

building and trades council we're in the incredible position of having supports and the allies of the transbay joint powers authority all the way up to our national organization and at the same time the developers were congesting the tax rate myself worked on awesome property jobs i know how important their work is been and other workers to putting food on the table for their families we're not experts and there are a number of details in those sites that escape us we know it's necessary to move forward quickly towards the melrose district it's necessary to maximize the revenue for the transbay project to continue the construction including the downtown construction we've spoken with the mayor's office and we know there's a deal for the project we ask you give them all the support for the project thank you. >> at the. >> next speaker. >> good afternoon. i'm joel with the electrical local 6. i'd like to echo the comments of mike you did not want to undermine the developers that are preceding to build the large buildings we're in favor of building the large buildings and breaking the transbay te

the transbay this transit district is incredibly exciting for our city there is two things one we in a smart way chosen an area of the city to potentially develop that area with denser and taller development in terms of housing and office and so forth. and you know the wisdom of this district frankly was shown when we proufd approved that a couple years ago not a single person showed up to testify against it that's incredible. but the brilliance tests not only about the transit service bayshore but the transportation in the transbay terminal and the rail extension with the caltrain and hrl is as has already been an independenceable part of the district there's no way to do this kind of up zoning await you tell opposite side of the come in to sure the funding and scomplemgs and the success of the transbay center and the downtown extension we've worked very, very hard to get here on a regional level it's not easy it wasn't that long ago people were talking about fourth and king being downtown is from in other words north's let's not support that and use that money for anothers things.

so the transbay redevelopment project the transbay district either zone 1 or 2 all of that is suggesting to a special tax district to be formed actually by itself city and county we have special tax district in our jurisdictions but the transbay special tax district to be formed and there were a series of formation steps the board took and the last step you're quite familiar was the deposition of special tax rates the district to be formed and that's the item that was continued open it's over the course of the last year city staff as well as your staff because each of our property owners from gop good neighbor policy i think you saw with the j paul developer on fremont each of those property owners in the district in the annex district are exterminated to pay a special tax for residential whether it's rental or for sale office or hotel there was a draft publication of what the special rates will be when the city adapted a transbay implementation agreement a number of years ago this was a number of years ago now the district is ready to be formed there's a dispute among property owners pa

bonds precedes available for construction under the cf d is projected to be $806 million and the transbay project is going to get translated $666 million so if we use $200 million on phase one that would leave an estimated $406 million for phase two that's how it facilities for the d t x the first lines are committed funds we've received aligned for 45 millions for the melrose that was mentioned that is $466 million and in the next line the up starts is the result of a very significant milestone for the project that was also achieved in the summer of 2013 we were designated for did you new starts program by far the largest stream that exist for this types of project so it's a long-standing goal for the designations of the regional priority for the start program that occurred in the transportation program in 2013 and the way it works as a regional priority you have a commitment to receive the $650 million from the federal government but the way you'll assess those funds you'll have to line up our local funding so in the regional transportation plan we were designated for new starts they pu

joint powers authority requires ocii to dispose of certainty public parcels in the transbay project area you've seen a number of parcels 0 come before you we've disposed of the residential project this is the first office project you've seen come before you an informational memorandum to select the team about a months ago but this is the exclusive agreement for our consideration that lays out the timing with that, courtney please present this item. >> good afternoon, commissioners and director bohe i'm the ac acting manager i'm joined by the lock team who flew out from chicago if you guys want to stand up to we can great. thank you. block 5 is one of the state owned parcels if the transbay project area that ocii is presented e prepared to sell into a trust account for an account the parcel is on howard street between main and beale street for a hundred and 50 foot office tower the only one in this project area. as you can see in this diagram it's oddly shaped 20 with two parcels on one side because they couldn't come to terms and a an rvp was developed for m-1 and m-3 required the o

negatively impact the melrose as currently drafted will trigger a loss that will slow or stop the transbay project project spotters if the project is stopped thousands of jobs and millions of of revenues for local businesses will be put into jeopardy and stop or delay the much need open space for offices the mayor the board should come together to negotiate a solution that for the board litigation will protect the project. we're about jobs creating in this community so, please thank you. >> good afternoon board aim peter straus i'm on the board of the transit rider i ask you to move harder aggressively without the transbay transit terminal there will be no plan the plan and the project is an obvious transit oriented development that is predicted on the facility being constructed at the site we understand the motivation of the developers to seek relief from the fees but we ask them to accept the responsibility we need you to be aggressive on this we need you to pursue this and not let our urgent needs on this project be enforced. the well terminal and the caltrain extension the eventually h

and the reason for speaking today is i notice that our name is transbay, starts with transbay, and i have seen a number of editorials, designed, and recently about the new transbay tunnels. i detect absolutely no position of this board about what the future of the transbay is, and focusing on getting it built and the dtx and well done and, what is phase three, as near as i can say the board is not dealing with the phase three issue. should we build four tunnels two for bart and two for cal train? across the bay? should we build two tunnels across the bay, one for cal train and let bart do its own thing and should we build, nothing? and right now, i believe that the policy is to build nothing. and do nothing. and i think that an error that the board is making, we need a phase three analysis and, we need to move in that direction and we need to move quickly. >> thank you. >> seeing no other public comment, could we move to the consent calendar? >> yes, all matters are voted on a single vote, and there is not discussion, unless the member of the board requests and in the event the matte

been at hearing i'm in favor for specific on the premise this project will end up in the actual transbay term downtown we want to thrill any long delays will be detrimental to our project we're a multiple contract with the mta whether the big yell trucks that operate the big dangerous lines overhead or your engineers that worked on the project we're landmarking to seeing the project come to fruition with the project downtown thank you very much >> next speaker >> good afternoon, supervisors autumn anna the deputy director for the transbay joint powers authority i'm here to talk about establishing the funding of the transbay program as property the downtown extension there 0 rebuilt terminal is one of the prop k plans that of voted open in 2003. this project is the single biggest recipient the plan states that the downtown extension to the rebuilt transbay terminal are one project to be constructed into phases. in the transportation project of this size and maxed has multiple funding serious u sources with local funds leveraging local, state, and regional funds the funds that will be gene

. >> the next order of business authorizing the transbay implementation agreement the chondroto execute a negotiation with a joint liability company between the illinois corporation and the john company by a proposed commercial project on block 5 portion of lot 25 and portion of lot 27 on howard street transbay redevelopment project discussion and act 2014 madam director. >> commissioner i'm sure you're aware of our agreement with the transbay joint powers authority requires ocii to dispose of certainty public parcels in the transbay project area you've seen a number of parcels 0 come

and the red boundary is the planning boundary of the transbay center we've rezoned as part of the plan it's identical to the boundary for the medical rose district the plan it's created significant additional zone capacity in the transit center area rising the heights on the parcels of seven hundred up to one thousand feet for the transit he turn over resulting in about 4 million square feet of development over what was previously there was the zone capacity for. again, the point of this is to one capitalize on the transbay transit center and to raise funds oh, the laptop is not working sorry. sorry i'm just keep talking. the plan had detailed streetscape plan that had a number of different recommendation for complovg the streets it called for 12 acres of open space to serve the people including the rooftop on top of it and identified new revenue sources for the creation of this melrose district we're before i today to talk about. which would be a condition of approval of major new development in the planned area so this was without pictures now i'll talk about the district itself. so

>> for transbay block six. >> okay. >> block six. >> it is the residential. >> is that fixed? >> that is all right done. >> it is already done. >> they already have that money, and that was, the first rfp that the ocii did, for the residential block, and we issued it in 2011 and, we actually did not he is cute it, but we closed on the dda in the middle of last year, 2013. >> i know that there is only so much that you can do and i hope that we pay attention to it. >> okay >> thank you. >> thank you. >> and now, scott will give a construction out reach, update on our bus ramp work. >> as steve just described the bus ramp is by the nature, a geographic location from the footprint of the transit center where most of the activities have occurred thus far and so we have a new set of neighbors that are directly adjacent to the noise producing activities and so, in july, when the bus ramp work began, our out reach team began to do the out reach, and we targeted 14 buildings that we would like to meet and we have face-to-face and we have three that are not responsive so far, but all of

of the tax review will fund the transbay district to make the neighborhood more pedestrian and bike friendly this is critical we as neighbors are being asked and willing expel all the development, however, we must have those infrastructure improvements district 6 has the lowest amount of open space and the largest sdrarz intersection and la a study found the property within they quarter mile will increase in value by approximately $4 billion in closing please uphold the tax as defined. thank you. next speaker. . >> good afternoon and welcome back i'm patrick valentine i'm the transportation authority i'm here for the implementation fees in under the document i like tall buildings in our neighborhood in exchange for the fees specific for the rooftop park and to bring caltrain and high speed rail into the transbay center we don't want to spend thousands of dollars for a fancy bus station i understand there are continuing conversations to come to a sequence but significant factors that make the challenge very much unclear the method and calculation of the fees and the documents are ver

year related to transbay blocks 6 and 7. with that, i'd like to ask elizabeth

transbay block 9 it was increased in 33 to 34 million we increased the bond for the trust.o i want to go back to the bond precedes i thought it was on here - that just to make the point we did 384 to 386 on 1314 b but not on 1315 a the hunters point shipyard streetscape improvements and finally also new on this was not on the previous one the excessive housing precedes $8.2 million proposed for a portion of it for housing authority salvation repairs to help repair for the housing authority the other pox is a grant to nonprofit, affordable housing agencies and those could include capital repairs or creation of new unit. so that's for that. $8.2 million. finally in items of next steps after we go to the oversight board and sent e send this to the department of finance we've been working with the treasurer and bringing that back to you when we have estimates from the krovrlz and the treasurer as to how much we're asking for we'll expect the disables by early november and if there're a need to confer we have 5 business days to do that my mid december we have the determination o

we're allowing the developer to pay a fee in a significant number of affordability units in the transbay area plan we've committed to 35 percent of affordable housing thanks to redevelopment and the state we have one other affordable housing project that's been completed in the transbay area the renee parent and on fremont and fulsome the original proposal on fremont was for 11 ooutsz units to be on site of a mixed use office building under the current structure the developer would pay $5.5 million toward affordable housing if they off sited those units oozing they negotiated a $13.85 million annual fee towards the affordable housing in this area almost 3 times the amount that a developer would have paid in the current program it's significantly higher than what is lout on the market rate vs. the pure rate amount the - we know with the homeowner association fees would have been in the thousands of dollars thereby preexcluding folks will build 69 affordable homes now we're building 69 affordable rental oozed uses so the net between 54 and 58 new units since they will be subscribed by the

>> good morning and, welcome to the transbay joint powers authority board of director's meeting on thursday, september 11th, and the board would like to recognize the staff at sfgtv who record each of our meetings and make the transcripts available on-line and today we want to recognize charles who is filming today's meeting and madam clerk. >> we have a scheduling conflict and therefore will not be present. >> and we have director lee. and we have the representative for the court and the joint powers board. and with that, director lee, and here. >> lee, present. >> director nuru in >> present. >> harper present, and kim? >> present. >> madam chair you have a quorum. >> do we have any communications or board of director's new or old business? >> good morning, directors and members of the public, would i like to begin by thanking mayor lee, and the tax rates that were introduced in yul july and i would like to thank all of those in the process, and i have been in with, and working along our side and helping to move the project along and thank you very much and, you are support is valuable an

help complete and support of the phase one terminal project and the caltrain extension into the transbay center. the cf defense is financing and funding mechanism that will help to provide the $3 million for the improvemes for the small businesses in transportations network. revenues from the cf have been assumed for the downtown extension plan and this action helps to close the gap on the phase one $1.9 billion terminal project together with the other agencies will be keeping on eye on the remainder funding for phase two the downtown extension of caltrain on vision zero thank you for the board of supervisors for the budget city providing over one $.3 million in general fund for the vision zero in several districts our staff along with mta will be coordinating to figure out how to best use the monies. in fact, today, you'll be considering the approval of practicing that improves this bicycle and signals that are funded vision zero a really good project. our hope by the september meeting to bring back a plan for how the city agencies will put the funds to use. turning to the geneva as you