Supervisor preston. Preston aye. Supervisor safai. Safai, aye. You have two ayes. Supervisor safai thank you. I dont believe that theres any other items before us, correct, madam clerk . Clerk thats correct. No further business. Supervisor safai we are adjourned. Clerk thank you. Supervisor preston thank you. Clerk thank you. Chair fewer the meeting will come to order. This is the special budget and finance Committee Meeting. Im sandra lee fewer, the chair of the committee. And im joined by supervisor walton and rafael mandelman. I thank sfgovtv for broadcasting this meeting. Madam clerk, any announcements. Clerk due to the covid19 Health Emergency and to protect the Board Members and the City Employees and the public, the legislative agenda and the Committee Room are closed. However, members will be participating in a meeting remotely. This precaution is taken pursuant to the local, state and federal orders and declarations and directives. The meeting is through video conversation and
This is the regular meeting of the commission. I would like to welcome the public and the staff. Following the guidelines set forth by local and state officials during the health emergency, the members of the Economies Commission are meeting remotely to ensure safety for everyone including members of the public. Thank you, all, for joining us. Please call the first item. Thank you, mr. Chair. The first order of business is item 1, roll call. Commission members please respond. Commissioner brackett present. Commissioner ransomscott present. Vice chair rosales present. Chair bustos present. The next is item 2, announcements. The next meeting will be november 3, 2020 at 1 00 p. M. Please be advised a member of the public has up to three minutes to make comments unless the Commission Adopts a shorter period on any item. During the Public Comment period, viewers are instructed to dial 14156550001, enter the access code which is 146 413 2620. Youll need to press the pound sign twice to enter
Participating in a meeting remotely. This precaution is taken pursuant to the local, state and federal orders and declarations and directives. The meeting is through video conversation and participate in the meeting as if physically present. Public comment is available on each item on this agenda. And sfgovtv. Org are streaming the number across the screen. Each speaker is allowed two minutes to speak. Comments are opportunities to speak during the Public Comment period and available by calling 1 415 6550001. Again, 1 415 6550001. Meeting i. D. , 1460595898. Again, 1460595898. Then press pound twice. When connected you will hear the meeting discussions but you will be in mute and in this mode only. When your item of interest comes up dial star, 3, to be added to the speaker line. And best practices are to call from a quiet location and speak slowly and clearly and turn down your television ore radio. You can submit Public Comment by emailing to the budget and finance committee clerk, a
And directives. The meeting is through video conversation and participate in the meeting as if physically present. Public comment is available on each item on this agenda. And sfgovtv. Org are streaming the number across the screen. Each speaker is allowed two minutes to speak. Comments are opportunities to speak during the Public Comment period and available by calling 1 415 6550001. Again, 1 415 6550001. Meeting i. D. , 1460595898. Again, 1460595898. Then press pound twice. When connected you will hear the meeting discussions but you will be in mute and in this mode only. When your item of interest comes up dial star, 3, to be added to the speaker line. And best practices are to call from a quiet location and speak slowly and clearly and turn down your television ore radio. You can submit Public Comment by emailing to the budget and finance committee clerk, and if you submit Public Comment via email it is forwarded to the supervisors and it will be included as part of the official fi
Over the past several months, this committee has held numerous hearings on the ppp and heard from borrowers and challenges theyve faced in accessing the program. Ive travelled through the districts to speak with Business Owners about how they faired through the pandemic. And ive heard some of the successes and challenges they face with the ppp. And uncertainty about what the future holds. From borrower who is eventually access the loan, the Committee Heard concerns about complicated and conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan for proceeding consistent with the law so they could qualify for full loan forgiveness and effectively convert the loan into a grant which was the congressional intent i