welcome to art in store fronts. i am director of postal affairs for the san francisco art commission. it is my pleasure to welcome you and the artists, the community partners, the vendors, and folks in san francisco for this launch. [applause] i want to start by thanking we had a long list because this has been a great production, so you have to bear with me. we want to start by thanking the john s brothers piano company the johns brothers piano company. we want to thank the d.c. piano company from berkeley for providing the piano for tonight s launch. [applause] last year, we got a fabulous grant to help make a really significant investment throughout the year, and we launched what is called the artery project. it is a pun for all the different ways that market street works for us. it is a major summer program for the city, and at the same time, we have been using the arts to reinvigorate and reconnect people with this fabulous commercial and civic thoroughfare,
million would be below market rate loans. so that was reflected. supervisor chu: why don t we go to public comment quickly on this item? are there members of the public who wish to speak on this issue? are there any members of the public who wish to comment on this item, item number ? seeing none, public comment is closed. colleagues, the item is before us. i wonder if we could entertain a motion to send the adam out without recommendation at this time simply because i have some follow questions from the office of public finance, but i also do not want to hold up this item. supervisor mirkarimi: motion to advance without recommendation. supervisor chu: without objection. thank you. now, item six, please. item 6, ordinance amending article 12a of the business and tax regulation code to establish a payroll expense tax exclusion for businesses located in the central market street and tenderloin area. supervisor chu: thank you very much. this item is brought to us by a number o
seismic safety loan program is actually a subset is program, whether we expected to be an impact on the property taxes. yes, we do. the $360 million was authorized. $150 million loss for affordable housing. because the repayment of that was 1/3 of the interest costs, it has always been anticipated there would be an impact. supervisor chu: we had heard from an individual that there was a raging assumption in the capital plan that assumed we would be levying property taxes in order to pay this. is this true? that is true. supervisor chu: we had assumed the market rate bonds would also be levied with property taxes? yes. in most instances, where historic fleet, it has shown that there is more below-market- rate loan demands then there are market rate load demands, so we had assumed the bulk of the $35 million would be below market rate loans. so that was reflected. supervisor chu: why don t we go to public comment quickly on this item? are there members of the public w
welcome to the regular meeting of the budget and finance subcommittee. my name is carmen chu, chair of the committee. unjoint by supervisors i m joined by supervisors mirkarimi and kim. please turn off cell phones and pagers. if you wish to speak during public comment, please fill out a speaker card and had them in to myself. if you wish to submit a documentary committee, provided documents to the clerk for the file. items before the committee today will appear before the board of supervisors on march 30, unless otherwise stated. supervisor chu: thank you very much. quick announcement to the public i apologize, but i intend to call item 6 before i call items four and five, so i just want to make sure people know. can we go to item one please? item 1, resolution designating those agencies qualified to bridges of it in the 2011 annual joint fund- raising drive for officers and employees of the city and county of san francisco. supervisor chu: thank you very much. good
in recognition that these disparate efforts to revitalize the neighborhood have not been enough. the central market partnership, the idea behind it is that it takes a number of stakeholders, multiple city agencies, brought private sector participation and investment in order to turn a neighborhood around, and we have learned as in other neighborhoods where we have done the commercial corridor worked. most importantly, for a neighborhood to turn around, it needs to fill its vacant storefronts and buildings with positive activity that will lead to increase retail services and much needed employment in the neighborhood. a payroll tax break for the area is not a silver bullet, but it is a game changing tool that is part of a comprehensive strategy that we think will help. there are a lot of challenges that have prevented the city from making real changes in this neighborhood. you can see from the slides, there are some things that i will not read. one of the main features of the