Part of long forgotten part of San Francisco. Thank you. First i want to thank supervisor cohen for helping to move this along. My name is fran martin. We won that battle and over the years our group advocated to bring Affordable Housing improve Public Transit to our under served community. We started the entire process that brought us here today. Schlage lock has been a toxic site. It is essential with this proximity to the bayshore this sight will be a transportation and our community has been in the forefront of advocating for Affordable Housing. Most of the neighborhoods do not want high density housing of any sort. In spite of everything over the years weve worked with various city departments and received a planners award. What is being asked of the city in terms of of Public Financing is a drop in the bucket to what is owed to our neighborhood and its time the city fulfilled its duty. This is a matter of social justice. After a long process of planning schlage lock development s
Payment will be due and clarified in a proposed amendment weve added language to exhibit f. In the unlikely event that this type of delay occurs. If the develop or chose not to issue this perform bond the completion of Housing Units and finally we added the subordinatation agreement says that any lenders to the project would be required to first sign which states the lender would still be subject to the Development Agreement with that ill turn it back to ken. Thank you. Thats the conclusion of the presentation. If you want to do questions for us now or hand it over to the next presenter. Its up to the committee. Do you have any questions . No. Okay lets bring up the next presenter from bl a. Good morning supervisor tang and cohen and we submitted our report on monday on this proposed Development Agreement and i believe that the office of economic and Workforce Development has adequately described the agreement. One of the things about the ordinance before you approving the agreement is
Citys economy is expected to expand about 985 jobs an average annual number. Including an average of 340 construction jobs during the construction period and post construction employment gains are associated with the higher personal income in the city and also the employment needed in the non residential part of the project to support the new population and thats a summary of our report. Be happy to take any questions that you have. Seeing no questions thank you mr. Egan for your work on this project. So madam chair id like to go ahead and move into Public Comment if possible. All right so Public Comment is open just want to remind you you have 2 minutes. First we have nelson please come up to the podium nice to see you. Thank you good morning. Glad to be the first one here just to kind of get it moving because its been a long time took us a long time to get here and to get to the end of this but thats a good thing because we know theres some consistent cy and today hopefully get to th
Franciscos borders extend further than they think and we must act collectively. Transportation infrastructure changes cut me off but i do speak in support of this project thank you very much. Thank you very much. Next speaker. Jim. Good morning committee. My name is jim growdin im affiliated with the Visitacion Valley Planning Alliance and green way and both projects are there to better Visitacion Valley and im i came here today to ask your support in the funding of the project. Thank you. Thank you very much. Good to see you good morning. Next we have mat and after mat is marlene tran and then jonathan and fran martin. Good morning everyone. I just want to speak on behalf of residents and neighbors who couldnt make it here today. Wed like you to approve this development and feel its a huge impact to our community. Thank you. Thank you very much. Mat. Good morning supervisors. Delighted to be here to once again endorse this acquisition theres 3 key reasons i want to draw your attention
Name is jim growdin im affiliated with the Visitacion Valley Planning Alliance and green way and both projects are there to better Visitacion Valley and im i came here today to ask your support in the funding of the project. Thank you. Thank you very much. Good to see you good morning. Next we have mat and after mat is marlene tran and then jonathan and fran martin. Good morning everyone. I just want to speak on behalf of residents and neighbors who couldnt make it here today. Wed like you to approve this development and feel its a huge impact to our community. Thank you. Thank you very much. Mat. Good morning supervisors. Delighted to be here to once again endorse this acquisition theres 3 key reasons i want to draw your attention to the first is of course this is a very efficient neighborhood in this valley and a developer thats committed to pay for the construction of these new parks and finally this acquisition would address all of the priority needs laid out particularly the one t