Danceable and interest in taxes and insurance. What does that mean when i want to sell the property. Do i get to buy it in the next year and flip it and sell it for market rate . No area you need to know that before you go through the process. We completely understand that we are targeting one third of our population. We also understand that maybe not all of those people want to buy home. That is what we are trying to find out. I think if theyve never bought a home, sometimes people just dont know the questions to ask. What we are trying to do is take one of the six hour classes. The great thing is that these are the mandatory classes for the certificate. All of these organizations offer these great two hour classes on intro to homeownership, credit count link. What is it mean to be a homeowner . So without doing a six hour commitment can go to one of these for free and say, that is interesting. Maybe i want to pursue this. Maybe i have more distance for my advisor. Thank you so much for this. Certainly there is a lot of effort and support that is being offered to the residents of Treasure Island to give them options. I hope all of the residents would take advantage of this area thank you. I just have one question. Based on the statement, i would suggest that your generate all of these brochures that your faq, you need to have an faq. Just what you just stated, those questions should be part of this package that we are also giving to the homeowners, to the potential candidates for instance, the restrictions, they are going to all of these workshops. But for us, we have a package that we have to present i would love to see that foz to faq so that pacific question is written there. And how we are treating that. The other question that would be great to have in the faq, say youre going to all of this process and you have this household they meet the criteria, but there still at the end of the day have to go through the criteria. Which is not louder is a process area hypothetically, at the end of the day, out of those 10, maybe theres two of the candidate who do not meet the other external criteria. We also have to have an faq now. Everybody can have ownership, where those candidates read we also need to be able so its upfront and very trans parent trade with your telling them now. Are we selling them the rental, again someone should be able to walk through to explain how this tension candidate have done, and opportunity we have sold them, it is to be very essential and you know part of the city family that we have gone through every to try to ask him to them that they can capture that area so you could really do that, that would be great. I think we have some that are already there. Put them in this powerpoint that youre going to give us we also need the hard copy in the digital copy. Thank you. Any Public Comments on this item . Asked item, please area item number eight, parks planning update. Thank you, directors youd we talked about parks last month, but i just wanted, knowing that we would have an update on a Board Meeting in august and i want to give you a quick update on the work that weve done over the last month and where we hope to be in september and where we hope to be by the end of the year . There are two areas that we want to make progress on between now and the end of the year. The first is the parks code for Treasure Island, as we discussed. And also the development of budget projections. On the code we talked last month that there is San Franciscos parks code which applies to all of the part underneath the jurisdiction of recreation and parks department. And that certain other agencies have articles underneath the parks code which allows for an instant director of public works to function as the role of general manager, as a relates to the united nations, which is a public rightofway under the jurisdiction of public works or for the trans Bay Authority board, and executive director of the joint Powers Authority to serve as the Parks Commission in the general manager as a relates to the trans the rooftop part. The other model that is out there was that the court has adopted its own ports code which addresses parks that are important property. It draws heavily from the same subject areas as parks code. It is somewhat more limited and scope and pacific to the properties of the port of sentences. After reviewing those two models over the last month and discussion with the city attorneys office. We are leaning towards the development of Treasure Island code as the port has done, which is tailored to the pacific open Space Program and issues of Treasure Island. We plan to bring further up the to the september citizens Advisory Board and title Board Meetings with an outline of the proposed code section as well as identifying matters that may fall underneath the authority of another agent the or other codes youd also know, regulation that might need to be adopted by the title board to implement the code. We will bring that discussion back in september with more detail. On the operations and maintenance standards. Titus staff have begun working with the tran16 to develop standards for the island. Infrastructure from turf, trees, shrubs, perennials, planted beds, irrigation, restroom facilities, litter removal, graffiti, as well as fix hardscape side furnishing and special features including playground equipment, ardent relation among other items youd based on use and impact of the area. Also trying to take into consideration some of the unique aspects of the island environment. Particularly the wind and the salt air. By january of 2020, we hope to develop a maintenance manual. Identifying standards of care for all parks and open base. A full buildout operations and maintenance budget projection on the recommended centers of care, as well as a site pacific operation and maintenance guidelines for our first part which will be hilltop park. As that park is expected to come online in 2021, and a projection of what the maintenance needs for that part would be forfeit the year 2021. Incremental stores that january goal coming back to the title board in september with an outline and cable of contents for the manual, as well as our first pass at this infrastructure, the main Program Requirement that we will need to carry out or maintenance program. That kind of a brief update on the work we have done in the last month and where we are headed over the next ask. I will open it up to the board. Thank you, mr. Beck area this is a very important aspect. The frontline here, the management of these parks, open space, we have talked about that. The suggestion would be even before we go is for us to see the draft of that code, engaging our own and discussion first and those kind of discussion you also highlight the suggestion for the management, based on this assessment that we saw when we went outside of San Francisco. We would like to see that. Lets get the draft of everything, and for discussion, in september. Before he can go out there, we might need another month or whatever, discussion going back and forth. At that point, we would be able to share that information with folks. That we want to solicit their ideas. That is what i would suggest you any other comments or questions . Mr. Beck, i have a question. Who is taking the lead for doing the operations and maintenance budgeting for the open base . Right now we are working with Martin Wiggins and with support from the mg and mgm managed on of the cost figures i just want to make sure if we need to have addict consultants and helping us together operation budget that we look to do that. Certainly the has its own interest on its interested in how the parks will be planned and operated. In the end it is the tida board who will have the ultimate responsibility of operations and management. I want to make sure we have our own process and we look forward to receiving that information. Definitely. Weve been getting advice on design. We have access to them for review on operations figures, as well as we have our oncall consultant contracts that we can pull in for some peer review of this process, as we continue to develop. Some of the operation and maintenance costs are really envelopes into design and what you can choose in terms of material. I am wanting to make sure that we have that advice early on, rather than at a later stage in time. Thank you. Any Public Comment . Next item, please . Item number nine, Community Facilities district annexation. We have woken some recently about an update on the cfd and the r fd formations, and the Community Facilities district when it was originally formed in 2017, we had our initial project area which included just the parcels on yerba buena island. Beginning the planning review process of the first process. We need to look forward to annexation of those parcels into the Community District as well. I just wanted to talk about, on the timing. I will start with a review of the cfd formation and its purpose and the cfd special taxes and then talk a little bit about the annexation process and the first proposed annexation area that we expect will be coming in from t icd before we meet in september. That resolution formation established improvement area number one, as i mentioned. It included all of Treasure Island and yarbrough buena island. It provides for, streamlined annexation of areas within that future and ration area into the cfd as a properties that are transferred and move towards developing. It also allows the special taxes assessed to reflect developer product type into new improvement areas youd areas area this was the map that includes all of the public lands on the northern half of yerba buena gardens and Treasure Island including the Job Corps Center site. It identified those parcels as improvement area number one. The cfd levels to supplemental special taxes on properties, the facilities specials tax and the Services Special tax, they are based on Square Footage and land use. Square footage of the individual or property or condominium home. And the land use whether it is commercial retail, hotel, or residential. Within residential it has differing rates for townhomes, low, midor highrise condominiums. All of these were described for improvement area one. And then, again, to refresh what the special tax is here. When we talk about the infrastructure revitalization and financing district. We are talking about tax increment that is part of the base property tax collected by the city. When we are talking about the cfd assessment, that is an additional assessment that is above and beyond the normal one percent property tax. Just visually illustrating that. The facilities special tax is meant to reimburse the developer for eligible infrastructure costs for the first 42 years in each improvement area. Each improvement area will have its own clock. The developer will have access to the first years of accra meant, for reimbursement of eligible costs. But after that, it is available to the authority to pay for eligible capital expenses. It is intended to Fund Capital Reserve for the island. Again, primarily for Sea Level Rise adaptations. The target is to establish a reserve of up to a quarter of a billion dollars. Adjusted for inflation. The facilities special tax will be our ongoing source of maintenance for the parks maintenance and operations of the open spaces. Just as a reminder, it can be used for the services, used for services, but cannot be used for financing of affordable housing. The tax will transfer from transition from a Maintenance Facility special tax. When that reserve requirement is met, if we never meet the full capital reserve requirement it would transition after a. Of 100 years to a Service Special tax. At which point it would be limited to the operations and maintenance maintaining cost of any of the authority owned structures or facilities on the two islands. That Services Special tax will then continue. Theres two options here, the first is annexation of properties into an existing improvement area. The developer can execute a unanimous approval based on the ownership with the specific parcels that are proposed for annexation. They can submit a unanimous approval and levy of special tax and bonds. If they are annexing into an existing improvement area there is no action required by title board or the board of supervisors. Its an administrative function. For the annexation of a new improvement area, the developer would need to submit that unanimous approval again. But with a new rma specific to this new improvement area. If that new rma and proposed improvement area is consistent with the financing plan, and establishes special taxes that are close within 20 percent of those in the initial improvement area. It does not include a new type of special tax and contains the same terms, area one rma for collection of special taxes and prepayment terms. As long as it is consistent in those aspects. It could again be an administrative approval. If for some reason there is a new term that is introduced then it would come to the title board and board of supervisors for approval. The current status of the cfd, and anticipated upcoming activities. All of the parcels in improvement area number one are on the assessors tax roll. That lays the groundwork for our initial issuance in 2020. We will be working with the office of Public Finance under the controllers office, planning for that dead issuance and that each bond issuance comes back to the title board and board of supervisors for approval. We expect to be doing that in 2020. Meanwhile, the street improvement permit has been issued for sub phase 2. And substantial progress has been reported and has been made on the geotechnical improvement of that site. And the developer is now out to bid for the roadway and utility improvements within that site. As well as their initial vertical projects are in review with the Planning Department and they anticipate submitting for Building Permits following planning approval. Creation of an improvement area and number two. We will be reviewing that with office of Public Finance staff to assure compliance with those requirements that i set out on the prior slide that were established in the residential formation. The goal there would be to complete the annexation prior to the issuance of Building Permit so that again, the assessments on those properties can begin. The first annexation area doesnt cover all of the first sub phase area on Treasure Island but three specific parcel areas as i mentioned, these projects are beginning the planning review. These are slated to be rental developments with inclusionary affordable rent units. One thing that we do anticipate is a special tax rate for rental properties as part of this area rma. Which was not included in the first area which was anticipated to be exclusive for sale condominium. Again, we expect that will be coming in in the next couple months we will have an update for you at the september board. Thank you so much. Are there any questions by the board . Thank you, mr. Beck. You mentioned about the special tax rate for rentals, which it would be great to really see how that is going to be. It was not in the proud discussion, so i presume you would be giving that to us pretty soon, right . That is a very interesting one. The special tax rates for the individual properties were established relative to the anticipated value of the unit. With the expectation that rental properties would have a lower than a condominium. There is a proposal to have a lower per square foot assessment. So now we have two parallel type of tasks that are before us. 2021 is when the first housing will be online. We really need to make some progress we know it is going to take some time to pull everything in. Were going to be doing at the onset to convey the methodology that the parts that management are going to be treated. It is very important. Working to do that quickly. Thank you for that comment. Any other Public Comments . Next item, please. Discussion of future agenda items by directors. Would the directors like to add anything on the future agenda items . I have one thing, mr. Beck, we would like to see what the progress is on the housing that will be built on Treasure Island . We have not heard or seen what that looks like. In terms of the height, the scale and the design. At some point, i hope you would schedule that for the board. I will work with tic and bring an update, as well. Thank you very much. Hearing no others. Next item. Thank you very mucit. 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