the communication by mayor ed wu lee march 11 26 in communicating his beat out of file number 15 1257 the transportation sustainability fee for nonresidential projects. supervisor john avalos has requested the scheduling of the veto override at the next possible date so supervisor avalos they'll be on march 22 agenda. peter thank you. colleagues, either any changes to the feathery 9th 2016 regular board meeting minutes? seeing none,, is their motion to approve those minutes? moved and seconded. collies can we take those meeting minutes without objection? without objection those minutes will pass after public comments. >>[gavel] >> madam clerk, please read the consent agenda >> items one through 7 are on consent is considered routine. whenever the object server and item that considered separately >> seen no names on the roster,

>> yes that were in receipt of the communication by mayor ed wu lee march 11 26 in communicating his beat out of file number 15 1257 the transportation sustainability fee for nonresidential projects. supervisor john avalos has requested the scheduling of the veto override at the next possible date so supervisor avalos they'll be on march 22 agenda. peter thank you. colleagues, either any changes to the feathery 9th 2016 regular board meeting minutes? seeing none,, is their motion to approve those minutes? moved and seconded. collies can we take those meeting minutes without objection? without objection those minutes will pass after public comments. >>[gavel] >> madam clerk, please read the consent agenda >> items one through 7 are on consent is considered routine. whenever

>> yes that were in receipt of the communication by mayor ed wu lee march 11 26 in communicating his beat out of file number 15 1257 the transportation sustainability fee for nonresidential projects. supervisor john avalos has requested the scheduling of the veto override at the next possible date so supervisor avalos they'll be on march 22 agenda. peter thank you. colleagues, either any changes to the feathery 9th 2016 regular board meeting minutes? seeing none,, is their motion to approve those minutes? moved and seconded. collies can we take those meeting minutes without objection? without objection those minutes will pass after public comments. >>[gavel] >> madam clerk, please read the consent agenda >> items one through 7 are on consent is considered routine. whenever the object server and item that considered separately >> seen no names on the roster, adam clark please call the roll >> on items 1-7 supervisor avalos aye, breed aye, campos aye, cohen aye, farrell aye, the camp absent among mar aye, the peskin aye, tang aye, wiener aye, yee aye there are 10 aye >> these items are

>> yes that were in receipt of the communication by mayor ed wu lee march 11 26 in communicating hisnumber 15 1257 the transportation sustainability fee for nonresidential projects. supervisor john avalos has requested the scheduling of the veto override at the next possible date so supervisor avalos they'll be on march 22 agenda. peter thank you. colleagues, either any changes to the feathery 9th 2016 regular board meeting minutes? seeing none,, is their motion to approve those minutes? moved and seconded. collies can we take those meeting minutes without objection? without objection those minutes will pass after public comments. >>[gavel] >> madam clerk, please read the consent agenda >> items one through 7 are on consent is considered routine. whenever the object server and item that considered separately >> seen no names on the roster, adam clark please call the roll >> on items 1-7 supervisor avalos aye, breed aye, campos aye, cohen aye, farrell aye, the camp absent among mar aye, the peskin aye, tang aye, wiener aye, yee aye there are 10 aye >> these items are fat pass any adop

lee has more. >> good morning. let's start with the chinese way to pronounce anbang, it is ang bang and it was started in 2004, founded by wun 2004, it was hard to get insurance licenses which is a sector heavily dominated by state-owned giants, but anbang's chairman, wu, is marry ed ied t the granddaughter. they have been acquiring massive stakes. in the largest banks, like ibc, six insurers, two asset managers, asset properties. but the thing that put them on the map is the 1.9 billion they paid up to purchase the waldorf a astoria. they have been going after insurers like strategic and fidelity guaranty life. they have also bought up buildings in canada as well because of the cheap canadian dollar. they're looking at hotel groups, 6.5 billion for strategic groups and hotels. this is strategic for a lot of insurance companies and chinese companies looking to go outside of china. because they are expecting some slowdowns to take place in china and also u.s. assets are look cheap in comparison to them. what about the play on chinese tourism? at apec last year they said they expect 500 million outbound tourists over the next