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tv   LIVE Transportation Authority Finance Committee  SFGTV  November 22, 2016 11:30am-12:01pm PST

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>> alter that point and thank you for all your hard work thank goodness we're here i have 3 speaker cards (calling names) anyone that wishes to speak please line up everyone will have 2 minutes. >> good morning my name is establishing in any professional capacity i'm executive vice president for the sgientd i'm familiar with the high services on the waterfront and providing access to san franciscans and visitors alike on our waterfront my personal capacity i have served on the board of the golden gate care onservancy and
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the parks successful and open to all visitors in san franciscans in bayview receipts the consciousnesscy helps to provide are interpret programs with the golden gate bridge and alcatraz and we many of you potentially visited the centers on alcatraz so i strongly urge to adopt this measure that will create and place for the alcatraz experience and have full confidence in the port. >> thank you very much next speaker, please. >> good morning, supervisors nice to see you familiar with both sides in the member six the
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conservancy - this is go for inform san francisco and glad to see this the correspondencecy don't a great job with the celebration a world-class capture and they'll do a great job. >> thank you, commissioner. >> morning john sftravel as you may know there are 24.6 million visitors they spend billions of dollars every hour everyday and support 76 plus jobs one of the most attractive and top attractions is obviously alcatraz island and in fact, the 6 more visited designations in san francisco with 19 percent of all visitors that. come to san
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francisco visit the island easy access is important to maintain the attractivenessness and an iconic attraction this new agreement extends the papering that enable access from an place in close prompt to other amenity and attractions when placed together kraed create a designation that enhances the overall visitors attraction we wholeheartedly support this and congratulations to support and hope you'll approve that thank you. >> anyone wish to comment on this item seeing none, public comment is closed. supervisor tang. >> all right. thank you for your presentation he was reading through this and thought how i finally visited alcatraz for the
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first time i know embarrassing my parents waiting in line for a hotdog so i think this is be a wonderful experience so thank you very much for bringing 24 forgot with that said, i'll make a most to i make a motion to send it to the full board with a positive recommendation. >> thank you very much supervisor tang and again, thank you for the presentation and thank you for all your hard work. >> mr. chair, i building an amendment. >> as amended first to amend and send fort with a positive recommendation. >> madam clerk add me as a co-sponsor without objection. >> okay madam clerk call item 5. >> item 5 retroactively 30 years the was the district attorney to accept and expend a - 2016 through june 2017 authorizing the office of
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district attorney to accept and expend a grant of 89 thousand for july 2017 through june 2018 and an amount of approximately 89 for the period of 2018 to 2019 to continue the criminal institution impact. >> thank you for having me. i'm the deputy chief of victim services i want to let you know that grant provides us an opportunity to let us have a resolution specialist to serve victims with the collection of restitution they're very helpful in bringing the gap between the operation department and the district attorney's office this last year, we trained over one he 50 staff mentioned on restitution to have a better understanding when the victim is entitled to collect for
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restitution and that's really it do you have any questions. >> supervisor tang. >> yeah. thank you chair farrell so in terms of the grant is that mostly towards training or for the restitution. >> it is for the staffing of the restitution specialist that restitution specialist that training not just looking at the collection but also getting out there and bridging that gap amendment it is difficulty in the district attorney probation officers and the victims when their understanding they can request restitution when the victim or the did not is found guilty or pleads guest guilty to a crime we found victims don't understand this resolution tuition specialist informs victims of their voting rights.
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>> okay we'll open up for public comment anyone wish to comment on item number 5 seeing none, public comment is closed. >> i'll make 80 a motion wmgsz to the full board. >> without objection. >> madam clerk call item 6. >> the resolution arthur's the execution and delivery of a multi family note in one or more series in an aggregate not to exceed $49.5 million to provide ferns of a construction multi family known as presidio prop x. >> thank you, supervisors i'm a project manager at the mayor's office of housing representing castro san francisco port commission and here to present the board with the 72 construction of multi family housing on connecticut also
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known as block x the transactions fundamentals have not changed since you presented 9 resolution to that committee in march of this year the issuance is a conduit finance with in recourse to the general fund all the project units will serve the families earning no more than 60 percent ami this is the phase one of the master plan the san francisco port commission and requires no relocation as it is a vacant site since march the developer 3wri7b8gd you think housing has excused allocation from the state the developer working with the city has identified financing team so we have on board the construction and permanent mortgage learned and investigator on council and municipal advisors the financing
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team met and developed a document in the package before you today, we anticipate closing many bond in mid-december with construction beginning in early 2017 construction is accepted to be complete in the summer of 2018 that concludes my presentation. if you have any questions i'm here. >> thank you very much any questions on item 6 okay opening up for public comment anyone wish to comment seeing none, public comment is closed. motion to move forward. >> i'll make a motion city college. >> we can take that without objection. >> madam clerk call item 7. >> item 7 resolution authorizing the conclusion and delivery of certificates of participation an tax exempt or bias evidencing and representing a principle amount, 201165 point plus million dollar and improvement on the animal care facilities only property within
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the city. >> okay. thank you very much this hematemesis was sponsored by supervisor tang. >> i know we have department staff to speak on the item excited to see you and thank you to the mayor's office and the capital team and our public finance team to make sure we are develop a new animal shelter in san francisco with great excitement we have this one of our final financial pieces with that, i'm going to turn it over to department staff. >> with the controller's office of public financials the proposal inviting $60 million in south of market of participation with the annual control facility to be located on 1419 bryant street with the approval the board authorizes the city to
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sell commercial paper to fund this on an inventory base and to provide permanent financing on a elementary basis the certifies are to be executed in amounts to be fell paid with interest financing and delivery expenses because the plan of finance is seeking a paper to finance the costs we estimate to deliver the certificates in the summer of 2018 with the approve of that resolution the board approves the related fence in the forms including the property and lease agreement and trust and a preliminary statement that is the former of notice of tennis for the fail and appendix a the resolution approving the revised preliminary statement will be brought back to the board with
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the financials and other areas of disclosure for the city will structure the certificates and a third party trustees the office of chief examiner portions the hospital and the animal care and control facilities about collectively serve as a lease property for the certificate lastly a reminder in march the board amended the capital plan for the animal control confidence certificates as the debt program in may of this year, the board approved the certificates for the animal care and control project i'm available to answer any questions and have virginia the director of ac c and ken the manager to answer any project related questions. >> thank you very much that presentation i think that just for public purposes and reminder of the cost and how much is comping
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from cop from the general fund appropriate i don't know if you want to speak to that harry maybe through the chair to mr. rose. >> mr. rose, can we go to your report. >> >> yes. chair farrell and supervisor tang, we report on page 19 the board of supervisors appropriated the 60 plus million dollars in certificates of participation precedes of which $49 million to fund the animal control and $10 million plus from debt services reserves and financing and 9 hundred plus for uncertainty and the interest rate and this is shown or detailed on page 20 of our report that is in the table one we also note that on page 20
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based on a consciousness 1:00 and maturity date of 20 years the office of public finance estimates the interest rate payments to be approximately $5 million plus that is other than average and the total principle and interest over 20 years one plus $59 million is principle and $50 million plus is interest we recommend that you approve that resolution. >> okay. thank you very much mr. rose no questions. >> one more question i want to ask a real estate issue i know we're playing music chairs with sfmta and wanted an update. >> thank you for the question mr. chair and supervisor tang so the real estate is a proposed
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animal care on bryant is currently occupied by sfmta and public works is managing them to relocate them and renovate the building this project is currently on time for design that the giving of that predecessor project starts in the summer of 2015 for the relocation for the summer of 2018 we're on time for that as well. >> where is sfmta what exactly is happening you know that last time we remember we were sure the designation is 1570 burk avenue and so that their consolidating and renovating that warehouse for that designation and great to hear
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that was resolved. >> thank you very much. >> okay open up for public comment this time open up for public comment i know that supervisor tang has cards here everyone will have two minutes. >> thank you. i want to acknowledge the director of ac c but cards for (calling names) please come on up. >> good morning. my name is jane i serve on the animal control welfare commission been a long term volunteer as of november 2015 animal control meetings san francisco care and director donahue with the project sponsors from dpw presented plans for the shelter attending voice on the support
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for the building they'll meet the best practices and approve the level of adaptability it addresses the safety concerns for the public and the commission as well that was for these reasons that the commission recommended that the board of supervisors support the proposal to build a new shelter through the certifies of participation we're confident the new building will improve the quality of care for the shelter that is functional in the event of a disaster, and, secondly, i'd like to personally thank the board of supervisors commissioner tang in particular dpw and the city zoning administrator's and the budget and finance committee everyone pulled together it shows a great deep appreciation for the animals and for the people of
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san francisco so i thank you personally. >> thank you very much i too want to thank the city administrator's office. >> next speaker, please. >> i'm i'm the chair of sf dog and wholeheartedly support this new shelter and also that the couple's most people know that it is a place for adoption of dogs for often woman stay in abusive relationships they believe that people can bring their animals to aa c and protect them once a woman finds a place to live she can get her pet back if a fire destroys our home you can go there and fires
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- and a kwaernth disaster you can't underestimate the comfort knowing their pets will be taken care of whether natural or personal people died in new orleans because they refused to save themselves it was reassuring we'll not face those choices ac c will take care of the animal in the extreme cases and getting them the help to do this necessarily they need a new building. >> gandhi said you can judge the greatness of a nation how they treat their animals please move forward and support this building for animal control. >> thank you very much. >> next speaker, please. >> good morning, everybody. i'm micro the chief executive
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officer for the friends of animal control i wanted to you know if any of you viefdz the 14er89 you've seen the need for the new shelter and need i want to thank you for. making that happen i won't go through what jane said but there's a reason for the shelter number one i think that that was mentioned in the event of a major earthquake the shelter must be self-sufficient for 72 hours hours to take care of people and animals displaced we don't expect the building can do this the shelters are crowded and it is not heath having a new building allows for that the veterinary facilities doesn't cover that
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right now ac c staff can't properly isolate those animals so the new facilities will provide for that also, we will emphasis the animal care and controls is for people we heard in hurricane katrina people are jeopardizes their own safety as refuse to evacuate unless their pets are taken care of federal law is amended in 2006 to require the state and local preparation to include people are petsd it is important in animal shelter provide for this the shelter did a great job in it was converted to angle animal shelter for that length of time for 26 years we've going done a great job with the facilities and we really, really need this thank you for helping us and the
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animals. >> thank you very much any public comment on this item okay. seeing none. >> public comment is closed. all right. so with that, again, just really amazing effort group effort at the city to make that happen so i'm enthusiastically making a motion to move forward with a positive recommendation to the full board. >> thank you supervisor tang please put my name is a co-sponsor and supervisor tang know we'll not be here without the advocacy of supervisor tang over the last year plus on this item thank you very much and with that, madam clerk without objection. >> madam clerk would you call item 8 please. item 8 resolution for the sales of multi housing revenue bond not to exceed one plus million dollars for the financing for the construction of a three hundred 11 unit multi family
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housing in the city from 510 fulsome street. >> good morning. i'm gretchen the development specialist to the affordable housing team with the office of economic development today is a erases authorizing the issuance of multi family housing not to exceed one and $32 million to provide the affordable portion of a mixed use known as bloke 9 located on 900 fulsome street as bridge housing are the developers thank you look at the map provide in our packets you'll see 72 hours between fundamentally street first street and ecker in the contributing project area that was established in june of 2005 with the board of supervisors
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adoption of tip of the iceberg redevelopment it is with ocii meeting the obligation by the assembly bill to insures that 35 percent of new housing units built in the project area are volleyball to and occupied by low income and moderate income households it will be comprised of 1 and 36 market-rate housing and one and 9 below-market-rate housing the total units in the building are 5 hundred and 4 the below-market-rate housing will be located within the lower 21 floors of building and dispersed with the market-rate unit the bmr economist of 34 studios 61 one bedroom and two bedrooms and will be affordable to households earning up to 50 area
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medium income or for a 3 person household that will be finances with city tax exempt housing revenue bonds this transaction is a conduit financing and not requiring repayment the tax exempt in the california allocation committee expires in january of 2017 approval of this bond issuance by the november 29th board of supervisors meeting insures that the developments team has enough time to close the fencing for the expiration date to begin construction to there after. >> vertical construction of affordable of contributing 9 will begin in the winter and completed in the summer of 2019 the contributing 9 team precious our support and look forward to seeing you at at event that
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concludes my presentation. i'll be happy to answer any questions you may have. >> thank you thanks very much any questions move on to public comment anyone wish to comment on item number 8 seeing none, public comment is closed. all right. thaengs for the very thorough presentation i'll make a motion to i make a motion to send it to the full board with a positive recommendation. >> motion by supervisor tang and without objection madam clerk, is there any additional business to come before this body? >> there's no further business. >> thanks everybody
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