tv Government Access Programming SFGTV May 28, 2019 1:00pm-2:01pm PDT
state concerning the r.f.d., we're the first one out of the gate. so i'm thinking here, as you're here, making your presentation, if the legislatures really want to be creative, they can amend the r.f.d. to issue bonds in there. it should not be limited to infrastructure alone, why not? it can be something, you know, that we really, really need to look at, and that will put san francisco, the rest of the state, to be able to issue their own bonds, and we can be building a lot. some questions i have for you would be really great. the office of public finance and tida, we are the ones that will be going to the board of supervisors for -- to issue the bonds, right, throughout these cycles, right? it would be great if you could give us a table to know what
other agencies are in partnership with this. the cities that are going to be involved, the state agencies, so we can really know throughout this process here who are the interested stakeholders through this r.f.d. process. i think it would be very helpful for you. you mentioned about having an annual budget, and so going to 2020, which is just a couple of months down the line, are we required to have a budget to -- what is the process for us to be able to go to the board of supervisors for that first bond? what are the contents? what are they going to be looking at that we need to be thinking about now for that first bond issuance? >> yeah. so what the -- the first debt issuance, we'll be working with the tax collector's office and the assessor's office with the
existing properties special tax assessments that will be coming in in the initial years from those properties. and based on that analysis, we'll have a maximum debt that we can issue. throughout the design and entitlement process and through the demolition and early infrastructure work that has already occurred, tidc has more expenses that are reimbursable than what this initial debt issuance would be for. we have -- the tida board has authorized and we have entered into a contract with harris associates to assist us in the review of reimbursement applications from ticd. so as ticd completes individual
components of the project, for instance, the demolition that they completed to date, they can submit supporting documentation verifying the costs associated with that to tida, and we, working with harrison and associates, would review those applications, and then, they would be put in a queue of approved reimbursables. and then at the time that we're in a position to actually issue debt, then, we would look to those already reviewed reimbursement applications and to find which ones are appropriate for this funding source, whether it's c.f.d. or irfd and make a prioritization decision on issuing that reimbursement. >> okay. thank you. and lastly, the 70-80 max, is that for the life of this r.f.d. or you don't know?
you said 70, 80. can we go higher if needs be, those five projects? >> oh, oh, that is a -- a liberal assessment of the amount of tax increment that will flow from those properties, and so we can -- we can -- as we annex additional project areas into the -- into the irfd, that cap will be raised with each annexation action. >> okay. commissioners, i know questions. commissioner shall n commissioner shan? >> yes, i do. bob, my biggest concerns are of course to make sure that we have sufficient funds to -- for the affordable housing, that we can -- that need support for the affordable housing to be
build on the island, and then the others to be sure there's appropriate funding for the maintenance of the parks and open space, the public realm that we are creating. so my questions are related to those two areas. the first -- maybe we can take the parks maintenance first and then go to the affordable housing. the -- has the c.f.d. already been funded? has there been assessments in the district to fund the 14 -- the official $14.3 million or is that yet to be done? >> sorry. 14 14.3 million -- >> in the maintenance account. >> oh, that was a paper funding by ticd so an account has been credited and that number is
being escalated by percentages set forth in the financing plan, so the real value of that has been growing and -- but that represents an obligation to pay by the developer. so each year, as we develop a parks maintenance budget, we will be making a planned budget beginning in fiscal year '21, and ticd, on an annual basis, make that subsidy payment and debit that balance -- that virtual balance. >> and the c.f.d. is created from fees and assessments. and have the level of fees and assessments already been determined? >> yeah. the fees and assessments were
assessed, so the fees per square foot for townhomes, condominiums were established in that schedule in 2017 with the formation. >> and so the payments to the fund would come from basically h.o.a. fees that are paid by the residents who eventually move in? >> it'll come as -- be collected with property taxes, so it's a supplemental property tax assessment. so as the condominium owner pays their property taxes, they will pay a fee. there's also a -- within the -- within the -- the r.m.a., the rate and method of apportionment, there's also --
ultimately, there's a cost per square foot of the completed condominium, but there are also assessments that occur after the property has transferred from tida to the developer and is unimproved, and then, it steps up when the building permits are issued, and then, it steps up ultimately to the final amount when the property is ready for occupancy. so there is an assessment rate applicable to the properties now, even in their unimproved state because we have transferred them to ticd, and so it's -- we'll be meeting later this week with the assessor and tax collector's office just to confirm that those assessments on y.b.i. are
collected for the appropriate tax year. >> and the assessments, are they the same types of assessments that are levelled against the affordable housing sites, as well? >> the affordable housing sites are exempt from the c.f.d. assessment. >> okay. thank you. and then back to the initial maintenance account that was established of 14.3, as you've stated, it's about $1.5 million for the first five years and then up to $5 million after the first five years. >> it's up to 3 million beyond the fifth year. >> i see. so given that -- that schedule then we're talking about maybe seven or eight years that this initial fund would only provide
maintenance for if all of it is used in the schedule that we've got, that it's only for the initial period of time. >> yeah. it would be -- if we drew down the maximum each year, it would be exhausted in the eighth year. i think in our early years, we won't be needing a full $1.5 million. the initial budget year, we will only have hilltop park, and so we'll only be looking at a budget that year of something less than $.5 million in all likelihood. the other thing is ticd as they're planning to bid for the mark constructions are looking at the maintenance obligations of the contractor, so, for,
like, hilltop's park, the contractor would not be responsible for routine things like mowing grass and collecting garbage, but wanting them to be responsible for more significant things like ensuring the health and viability of trees, hard things that would be under warranty for the first 12 to 24 months of park completion, so those also would bring down some of those costs in the early years and allow us to stretch this subsidy for a greater number of years. >> right. but still, it is a finite amount, and whether it's eight years or whether it's ten years, still, the park is -- we're building these parks in perpetuity. so the question is then what happens after this initial amount is exhausted and how do we assure that there's going to be sufficient operations and maintenance money for the upkeep of those parks going
into the future? >> well, that'll be one thing that we'll coordinate with the office of public finance because as i indicated, even though the c.f.d. is intended for reimbursement of eligible capital costs, we also are able to take money from the c.f.d. to perform our parks maintenance obligations. and i mentioned the irfd, the debt coverage requirements of the -- when you issue bonds against an irfd, and that same principles apply with a c.f.d. so as we issue debt against the c.f.d., we're only going to be able to issue debt up to 80% of the projected value of the assessments, which means on an only basis for every $100 that we're bringing in, $80 will go to debt service of prior issued debt. the other $20 would be
available for pay-go purposes, so there will be excess revenue coming in on an annual basis beyond what's required to service c.f.d. debt, and that revenue stream, we can use leverage to help fund our ongoing parks maintenance obligation. >> okay. well, i know we're looking into getting budgets for the operations and maintenance of the parks. we're anxious to get into that and make sure there's funds for these parks that we're going to be building. and then, how many units are we estimating to be able to
support? >> i'd have to go back. i don't have those numbers off the top of my head. we do, as i mentioned previously, we do have a significant shortfall in the affordable housing financing. in addition to the 17.5% for each market rate door -- each market rate unit that treasure island development constructs, they will pay us $17,500 to go towards the construction of affordable housing and then we're pursuing funds like the h.s.c. and other grants. but within the irfd, two things. first of all, it's worth mentioning that at the state level, there's a tremendous
amount of discussion this spring about developing what some would call redevelopment 2.0. in many regards, though, the proposals that i have seen and reviewed are more akin to new infrastructure of financing districts models rather than truly redevelopment funds, and i make that distinction of motion of the things that are under discussion are allowing local governmental authorities to leverage their share of tax increment. it's not a state's share of tax increment which is what was available under redevelopment. so in many ways, they don't bring new sources to the calculation that's currently under discussion. what we have and continue to
advocate for is that under the existing irfd law that the term of the infrastructure revitalization district be extended from 40 to 45 years, and also that the vehicle license fees that the state transfers from -- back to the local entity, that that revenue stream could be leveraged as if it were property tax increment. under our agreements with the ticd and underneath the formation documents for the irfd, if the city is able to bring new revenues to the irfd through any of those means, then, that additional revenue will not be teshared with ticd
but will be available for 100% affordable housing. as an example, if we are successful in modifying the state legislation to allow the pledge of the v.l.f., the vehicle licensing fee, and the city and county elected to make that commitment, that would double the amount of money generated by the irfd for affordable housing. so -- but for future discussions, i'll go back, and i can do an update on our total projected revenues from the irfd, and the -- the next gap or the resulting gap. at the april on island board meeting, one of the items that was on consent agenda was a
contract with tyler marsh, which was specifically for that purpose. >> and then, one last question. the 17.5% of the irfd proceeds that's committed to affordable housing, is that by agreement or that by statute, that the 17.5, could it be increased? >> that's part of the transaction agreement with ticd, that that was part of the d.d.a. and the financing plan. >> i see. but on a regulatory basis at the state level, there is no -- that was part of the affordable housing. >> no that was negotiated as part of the contract. >> oh, i see. thank you. >> thank you, commissioner tsen. commissioner lai? >> it seems like we might issue the bond sometime in 2020, but the collection of the c.f.d. doesn't come in -- at least the
bulk of it would come in until 2020, after the square footage of the bulk has been built. so in the interim, how would we pay for the bond repayments? >> so we already -- as i mentioned, under the c.f.d., there's a -- an initial assessment on the properties on -- on y.b.i., even in their unimproved status. and so we can issue debt based on the value of the -- those assessments. so this first debt issuance would be necessarily limited, so we can only issue debt as -- as those assessment values and debt levels increase. so we can do a potential debt issue in 2020. as the units on y.b.i. are completed in 2021 and 2022, we
can issue substantially more debt against those properties because the assessment value has increased, and then we can also potentially at that point in time because they're now being sold and going on to the property tax rolls, we're kind of at the point where the tax increment has reached, call a steady state. but you know, we've maximized the delta between the unimproved and improved property, and we can start issuing debt against the irfd. so as properties -- the c.f.d., because it does have that capacity or kpcapability to ise debt, it's your first
opportunity, if you will, but then, it will expand greatly as the properties are improved and the assessments increased. >> got it. so it has to be borrowed against existing money, not future -- >> existing assessment revenue streams. >> so i assume there's a cost associated with issuing bonds, financing costs, and all that. is that paid for by the office of public finance or is that paid out of tida? >> typically, it's paid out of the existing revenue stream, so i think those costs are built into the financing revenues. >> got it, and that's why it wasn't budgeted. >> yes. >> -- in our current budget. got it. and then, you mentioned the
staggering of these bond issuances so we can basically extend the validity or the lifetime of the debt which is great because it's cheap money, basicall basically. is it possible to roll in future debt -- current debt issuance to future bonds? like is it possible to roll in the y.b.i. phase into the entire issuance so we can extend the debt for a total longer period? >> if i follow you correctly, we can issue -- i believe the answer's yes. for each individual area, only -- once we issue -- again, it's really with the irfd that we're limited, but if we issue
our first debt issuance against the properties, irfd debt issuance against the properties on y.b.i., that may be a 30-year bond, so we -- we have both some excess capacity because we've only leveraged -- we've had to provide for the debt coverage ratio, but we also have the back ten years of that bond measure. so as we issue future debt, we can look at revenues that will be coming from the past ten years and work that into the revenue stream of a debt issuance. so we can continue to leverage it, but there's not a way to ultimately extend more than 40 years for any individual property, but we can continue
to leverage it to maximize the present value use of those future revenues, if that's clear. i'm sorry. >> i think you actually did answer my question, which was really more about whether or not the 30, 40-year timeline for the very first set of bonds can actually be rolled over to future bond issuances so the overall life can be extended, but i think the answer was no. >> no. for any individual project area, it's limited, but for instance, if -- well, the five project areas in -- in this first subphase area, if we issue our first debt in -- on -- in the y.b.i. project area a, in 2021, and we issue our first debt issuance in project area e in 2026, that time for project area e runs
from 2026 to 2066. so it is the total life of the irfd as a whole is expanded by having the multiple clocks. but for each individual project area, it's limited to 40 years within that set of properties. the advantage is that ultimately, we have areas out at the north end of the island that won't be improved until 2032 or 2033, and their clock is not farthered by the first issue -- started by the first issuance on y.b.i. that's the benefit. we're not giving up ten years of assessment on the back end for the future areas. >> okay. and i think in some future presentations, i would love to see the financial analysis on on how much we gain from slitting off multiple bond issuances because it obviously creates more financing costs
for us that we still have to repay even if we build it into the debt versus the present value that we have from having a longer debt -- period of debt, just to see, like, we're demonstrating that it is a value to us ultimately. >> yeah, and i think ultimately -- like i say, i can verify that with the office of public finance. but it also occurs to me that after we've issued our first bond, because of the coverage ratio, like i said, every individual year, we'll be -- for every $100 we're bringing in, $80 of that will be going to paying debt, and $20 of it will go to a pay-go fund, so the second issuance, we could pay that out of the pay-go funds and not have to build them into the debt, so i'm sure we'll work with office of public finance to maximize our
strengths to leverage funds and put them to use. >> thank you, commissioner. another thing before i wrap up this very -- anything before i wrap up this very interesting discussion for further discussion on this? >> so those of you in the audience and watching can see this is a very, very interesting topic, and the take away here is treasure island development is the first in the state of california to entertain infrastructure financing district, so we're very excited about that, and the i'm sure the city and county of san francisco and other jurisdictions will be looking at how we are treating this and how this -- these broad discussions. and so what i hear, and the commissioners have asked, we would like again to have a
chart to, you know, indicate the governing agencies are partners in how we are interacting, you know, in managing this. i think that would be very crucial, and i hear the projected revenue from commissioner sharon lai, we would like to have that so we can see what is going on. and commissioner tsen, the bigger question is we are maintaining parks, but we still have the shortfallt for the housing and financing. my take on this is now that the state -- this is the time -- given the current time of broader discussions throughout the state of california trying to be creative on increasing affordable housing for the state and irfd and c.f.d. have obvious limitations perhaps our great legislatures from here that are very proactive maybe look at these financing tools
and propose the changes not only for extension but also to use that for increasing affordable housing. it gives the local government control. it it's not usurping the power. maybe it's issuing bonds and the r.f.d. to get more affordable housing. i think that people that sit here have relationships with some of these legislatures. commissioner tsen and myself to let them know that it's a win-win situation for everyone, it's something to look at. so get all that information for us, and we are definitely going to help to broaden the discussion and educate the city and the state of california to these new opportunities. thank you. are there any public comments? seeing none, let's go to the
next thing on the agenda, final thing. >> clerk: item number 7, discussion of future agenda items by directors. >> commissioners, do you have anything you would like the staff to consider for other subsequent discussions? okay. seeing none, thank you all for your time being here today. thank you, bob, for that fine presentation of financing district. okay. thank you. >> clerk: okay. meeting's adjourned.
adjourned. >> shop & dine in the 49 promotes local businesses and challenges residents to do their shop & dine in the 49 with within the 49 square miles of san francisco by supporting local services within the neighborhood we help san francisco remain unique successful and vibrant so where will you shop & dine in the 49 my name is jim woods i'm the founder of woods beer company
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supporting small business those are not created an, an sprinkle scale with all the machines and one person procreating them people are making them by hand as a result more interesting and can't get that of minor or anywhere else and san francisco a hot bed for local manufacturing in support that is what keeps your city vibrant we'll make a compelling place to live and visit i think that local business is the lifeblood of san francisco and a vibrant community. >> my name is naomi kelly the
single-story for the 775 i started with the city and county in 1996 working for the newly elected mayor willie brown, jr. not only the chief of staff a woman but many policy advisors that were advising him everyday their supportive and nourished and sponsored united states and excited about the future. >> my name is is jack listen and the executive director of a phil randolph institution our goal to have two pathways to sustaining a family here in san francisco and your union jobs are stroen to do that i have this huge way to work with the community members and i think i found my calling i started in 1996 working for
willie brown, jr. i worked in he's mayor's office of housing in the western edition and left 3 years went to law school of san francisco state university and mayor brown asked me to be the director of the taxicab commission and through the process i very much card by the contracting process and asked me townhouse the city purchaser and worked with me and i became the deputy administrator and . >> having trouble struggling to make ends meet folks will not understand what importance of voting is so we decided to develop our workforce development services after a couple of years offering pathways to sustainable jobs. >> (clapping.) >> we've gotten to a place to have the folks come back and have the discussion even if
participation and makes sense we do public services but we also really build strong communities when i started this job my sons were 2 and 5 now 9 and 6 i think so the need to be able to take a call from the principal of school i think that brings a whole new appreciation to being understanding of the work life balance. >> (clapping.) >> i have a very good team around me we're leader in the country when it comes to paid and retail and furiously the affordable-care act passed by 3079 we were did leaders for the healthcare and we're in support of of the women and support. >> in my industry i feel that is male dominated a huge struggle to get my foot in the
door and i feel as though that definitely needs to change this year needs to be more opportunities for i don't know women to do what tell me dream i feel that is important for us to create a in fact, network of support to young people young women can further their dreams and most interested in making sure they have the full and whatever they need to make that achieveable. >> education is important i releases it at my time of san mateo high ii come back to the university of san francisco law school and the fact i passed the bar will open up many more doors because i feel a curve ball or an where you can in the way can't get down why is this in my way we have to figure out a
solution how to move forward we can't let adversity throw in th ♪ >> about two years ago now i had my first child. and i thought when i come back, you know, i'm going to get back in the swing of things and i'll find a spot. and it wasn't really that way when i got back to work. that's what really got me to think about the challenges that new mothers face when they come back to work. ♪ >> when it comes to innovative ideas and policies, san francisco is known to pave the way, fighting for social justice or advocating for the environment, our city serves as the example and leader many
times over. and this year, it leads the nation again, but for a new reason. being the most supportive city of nursing mothers in the work place. >> i was inspired to work on legislation to help moms return to work, one of my legislative aids had a baby while working in the office and when she returned we had luckily just converted a bathroom at city hall into a lactation room. she was pumping a couple times a day and had it not been for the room around the hallway, i don't know if she could have continued to provide breast milk for her baby. not all returning mothers have the same access, even though there's existing state laws on the issues. >> these moms usually work in low paying jobs and returning to work sooner and they don't feel well-supported at work. >> we started out by having legislation to mandate that all
city offices and departments have accommodations for mothers to return to work and lactate. but this year we passed legislation for private companies to have lactation policies for all new moms returning to work. >> with the newcome -- accommodations, moms should have those to return back to work. >> what are legislation? >> we wanted to make it applicable to all, we created a set of standards that can be achievable by everyone. >> do you have a few minutes today to give us a quick tour. >> i would love to. let's go. >> this is such an inviting space. what makes this a lactation room? >> as legislation requires it has the minimum standards, a
seat, a surface to place your breast on, a clean space that doesn't have toxic chemicals or storage or anything like that. and we have electricity, we have plenty of outlets for pumps, for fridge. the things that make it a little extra, the fridge is in the room. and the sink is in the room. our legislation does require a fridge and sink nearby but it's all right in here. you can wash your pump and put your milk away and you don't have to put it in a fridge that you share with co-workers. >> the new standards will be applied to all businesses and places of employment in san francisco. but are they achievable for the smaller employers in the city? >> i think small businesses rightfully have some concerns about providing lactation accommodations for employees, however we left a lot of leeway in the legislation to account for small businesses that may have small footprints. for example, we don't mandate that you have a lactation room,
but rather lactation space. in city hall we have a lactation pod here open to the public. ♪ ♪ >> so the more we can change, especially in government offices, the more we can support women. >> i think for the work place to really offer support and encouragement for pumping and breast feeding mothers is necessary. >> what is most important about the legislation is that number one, we require that an employer have a lactation policy in place and then have a conversation with a new hire as well as an employee who requests parental leave. otherwise a lot of times moms don't feel comfortable asking their boss for lactation accommodations. really it's hard to go back to the office after you have become
a mom, you're leaving your heart outside of your body. when you can provide your child food from your body and know you're connecting with them in that way, i know it means a lot to a mommy motionlely and physically to be able to do that. and businesses and employers can just provide a space. if they don't have a room, they can provide a small space that is private and free from intrusion to help moms pump and that will attract moms to working in san francisco. >> if you want more information visit sfdph.org/breastfeedingatwork. ♪ ♪ >> my s.f. dove -- government
t.v. moment was when i received a commendation award from supervisor chris daly. then we sang a duet in the board chamber. [singing] >> happy anniversary san francisco government t.v. happy anniversary to you. happy anniversary san francisco government t.v. anniversary, anniversary, happy 25th anniversary to you. [♪]
safai present. stefani present. walton present. supervisor yee present. fewer present. mr. president, you have a quorum. >> president yee: thank you, madame clerk. can i have a motion to excuse supervisor haney until he arrives in 15 minutes. >> so moved. >> president yee: if there is no -- if there is no objection, the motion passes. ladies and gentlemen, will you please join me in the pledge of allegiance. i pledge allegiance to the flag of the united states of america, and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all.
>> president yee: so on behalf of the board, i would like to acknowledge the staff at sfgovtv. michael and maya who record each of the meetings and make the transcripts available to the public online. madame clerk, any communications? >> clerk: i have none to report, mr. president. >> president yee: today we're approving the minutes from april 16, 2019, board meeting, and april 17, special meeting at the budget and finance committee meeting which constituted a quorum of the board of supervisors. are there any changes to these minutes -- meeting minutes?
seeing none, can i have a motion to approve the minutes as presented. made by supervisor brown and seconded by supervisor fewer. then without objection, those minutes are approved. after public comment, madame clerk, let's go to the regular agenda. call item number 1. >> clerk: an ordinance to amend the administrative code to revise the definition of tourist or transient use under the hotel conversion ordinance and to confirm the quality act or the ceqa determination. >> president yee: okay. madame clerk, call the roll. item 1, supervisor peskin aye. ronen aye. safai aye. stefani aye. walton aye.
yee aye. brown aye. fewer aye. haney is excused. mandelman aye. mar aye. there are 10 ayes. >> president yee: this ordinance passed unanimously. madame clerk, call item number 2. >> item number 2 is ordinance to approve the tina modotti plaque as a gift to the city. and to affirm the ceqa determination. >> president yee: can we take this same house, same call? without objection, this ordinance is finally passed unanimously. >> clerk: item 3 is ordinance to amend the administrative code to establish and implement procedures on the acquisition of surveillance technology. >> president yee: supervisor peskin? >> supervisor peskin: thank you, president yee, colleagues, i
want to thank you for our support last week and hopefully for your support on this today. i want to proceed with the second reading today because there is a coalition of folks who are eagerly awaiting this ordinance. the ordinance's final passage, but regrettably, there was one omission basically when we transferred from the clerk of the board to coit. what i'd like to do is vote on this and then duplicate the file at our next meeting on june 4, make those -- read that for a new reading. so the final amendment is on page 14, lines 10 and 11 of the ordinance, replacing the words clerk of the board to coit. i have 14 copies if you all want to see it. i can pass them around. but i'd like to vote and then
duplicate the file and continue the duplicated file to the meeting of june 4. >> president yee: okay. supervisor safai? >> supervisor safai: i wanted to be added as a cosponsor. >> president yee: motion to make amendment. is there a second? seconded by supervisor mandelman. >> supervisor peskin: i think -- let me get this right, deputy city attorney, i don't want to make the amendment now because it will have to sit until the next meeting. we want to vote on it then, make the amendment to the duplicated file? >> because you want to pass the original version on first reading today? >> supervisor peskin: correct. then i'll duplicate, amend, continue. >> correct. pass on first reading. >> president yee: got it. okay. so there is motion to -- it's
not a motion, but we're going to duplicate the file and what we're voting on right now -- >> supervisor peskin: so let's not duplicate the file yet. let's call the roll on the item as is. >> president yee: can you -- after it passes, can you duplicate? >> supervisor peskin: you're right. i'm old and forget the procedures. duplicate and then read the first one, amend the second one and read it for first reading. >> got it. >> president yee: so we're taking roll call? do we need roll call? >> clerk: yes. >> president yee: we need roll call on the original version. madame clerk. >> clerk: item 3, peskin aye. ronen aye. safai aye. stefani no.
walton aye. yee aye. brown aye. fewer aye. haney aye. mandelman aye. mar aye. there are 10 ayes and one no with supervisor stefani in the dissent. >> president yee: 10-1 vote? supervisor haney, did you count him? >> clerk: he has returned. >> president yee: thank you. the original version passes. >> supervisor peskin: i would like to make the previously spoken to amendment on page 14 at lines 10 and 11, striking clerk of the board, inserting coit, at line 10 and doing the same conforming change at line 11 and i'd like to make that motion. >> president yee: you're making a motion to amend the duplicated file. seconded again? supervisor mandelman?
>> second. >> president yee: okay. without any objection to the amendments, then the amendments pass. madame clerk, can you call roll on the amended duplicated file? >> clerk: peskin aye. ronen aye. safai aye. stefani -- >> president yee: no, the amendment, i already called it. and there was no objection, so the amendments are made. this is to vote on the amended duplicated file. >> clerk: stefani no. walton aye. yee aye. fewer aye. brown aye. haney aye.
mandelman aye. mar aye. there are 10 ayes and 1 no with supervisor stefani in the dissent. >> president yee: so this duplicated file is amended and it goes forward on june 4th, i believe. madame clerk, please call item number 4? >> clerk: item 4 is wordance to waive the fee required by public works code on saturday may 112019 to promote the small business week. >> president yee: okay, madame clerk, please call the roll. peskin aye. ronen aye. safai aye. stefani aye. walton aye.
yee aye. brown aye. fewer aye. haney aye. mandelman aye. mar aye. >> clerk: there are 11 ayes. >> president yee: this ordinance is passed on first reading unanimously. please call the next item. >> clerk: a resolution to authorize and approve the second amendment to a lease between ppf paramount 1 market plaza as the owner. pardon me as the landlord and the city add tenant to extend the lease through 2020, to add two five-year options for a portion of the roof and equipment room for annual rent of 185,709s or the monthly base rent with 15,475 with annual adjustments. >> president yee: this is
adopted unanimously. >> clerk: item 67, resolution authorize gz director of real estate to exercise a second amendment for real property at 70 oak grove street to extend the extended term from may 30, 2019 to may 31, 2019 and exercise a second five-year extension term to commence on june 1, 2019 through may 31, 2024 for a total rent of $479,000. >> president yee: same house, same call? without resolution, this is adopted unanimously. >> clerk: item 7 is resolution to authorize the director of property to exercise a lease extension option for real property located at 520 jones street with pacific bay inn as landlord and the city as tenant for a 10-year term. for a total annual base rent of approximately $1 million.
>> president yee: colleagues, can we take this same house, same call? without objection, this resolution is adopted unanimously. >> clerk: item 8, resolution to authorize the issuance and delivery of multifamily housing revenue notes in an amount not to exceed $20 million for the purpose of financing the acquisition and rehabilitation of a 30-unit rent housing project locatedality 1045 capp street. >> president yee: this resolution is adopted unanimously. >> clerk: item 9 was referred without recommendation from the land use and transportation committee. it's a resolution to declare the intention of the board of supervisors to expand a property base improvement district known as the civic center community. it approves the management
district plan, the engineer's report and orders committee of the whole for the public hearing before the board of supervisors on july 16, 2019. >> this was will be intention of election around the civic center cbd. in committee, we were all very supportive of it. there was one issue related to one of the parcels. i've been working to resolve it. i want to give an update on the land use committee that we're working on that. we expect that to be resolved and to have an update given to us soon. i'm supporting this and i do believe we're going to be able to come with a resolution to the issue that came up in committee. i can answer other questions about where that is if you all
have them. >> president yee: okay. colleagues, can we take this same house, same call? well, objection, this resolution is adopted -- without objection, this resolution is adopted unanimously. >> clerk: committee reports. item 12 was not forwarded as a committee report. item 13 is a motion to approve the mayor's appointment of dave wasserman to the rent stabilization and arbitration board for a term ending august 21, 2022. >> president yee: can we take this same house same call? without objection, this motion is approved unanimously. >> clerk: roll call. peskin, you're first to introduce. >> re-refer please. >> supervisor ronen: today, i'm introducing two pieces of legislation that w h