Electronic devices are prohibited. Any person responsible for one going off may be asked to leave the room. Cellphone cause microphone interference and the board requests they be placed in the off position. Approval of the minutes of the regular meeting. Do i have any Public Comment . No, madam chair. Do i have a motion to approve . Second. All in favor. Aye. Aye. Any opposed . Hearing none, minutes are approved. Item 5 communications i have none for you for this meeting. Item 6, introduction of new or Unfinished Business by board members. Thank you. I would like to im sure you are all aware we lost a fellow commissioner, i believe it was last week. Shirley brier black passed away. And malcolm vicechair heinicke was the only one that served on this board with ms. Black. She was an inaugural member of the San Francisco m. T. A. Board. She was appointed by mayor brown in 2000. She served as a member of the board for 10 years retiring in 2010. The native San Francisco, she always used pub
Basin nations in the United States. For those who dont know where that is, the great states of nevada, utah, parts of arizona and oregon. And before that i worked at the trust public land. And im happy to lead with london breed, malia cohen, our former supervisor who first championed this issue, in favor of the full divestment from fossil fuels. I want to start by thanking the Broad Coalition of environmental advocates, Public Health advocates, clean fuel transportation activists, Democratic Party officials, grassroots advocates and retirement Board Members and as of last night, the commission on the environment who have turned out today to demand that San Francisco Employee Retirement system divest now from fossil fuels and were getting to labor, were saving the best for last. And i mean that sincerely and it is in my notes. I want to start by saying that sciu 101 has been the wind at our backs. I cannot thank you enough. To the folks from dapo, i cannot thank you enough. Well hear fr
Interference and the board requests they be placed in the off position. Approval of the minutes of the regular meeting. Do i have any Public Comment . No, madam chair. Do i have a motion to approve . Second. All in favor. Aye. Aye. Any opposed . Hearing none, minutes are approved. Item 5 communications i have none for you for this meeting. Item 6, introduction of new or Unfinished Business by board members. Thank you. I would like to im sure you are all aware we lost a fellow commissioner, i believe it was last week. Shirley brier black passed away. And malcolm vicechair heinicke was the only one that served on this board with ms. Black. She was an inaugural member of the San Francisco m. T. A. Board. She was appointed by mayor brown in 2000. She served as a member of the board for 10 years retiring in 2010. The native San Francisco, she always used public transportation. She worked for sieu1021 for many years and president from 1988 to 1991. Having reached her centennial just last mon
Would watch these buildings take hips. Im so proud that my dads fingerprints are on these buildings, and i think thats what we need to continue to do, and thats a promise of what was redevelopment and partnerships. Josh, thank you so much for joining us. I do have a couple of questions for you as it refers to the local hire piece, if you can come up. You know, when redevelopment was happening, there were many of us that were here, commissioner breed, commissioner singh, commissioner leroy king, commissioner covington, and one of the things that we pushed during redevelopment was local hire, and i know we got some push back from many people. And my whole response to that was the Redevelopment Agency, this is 100 resource. All were asking is 50 . So as long as you give San Francisco 50 of that opportunity, you can do whatever else you want with that other 50, and thats a good deal. Because remember with 100 city resource, we could ask for 75, 80, 90, but we said were going to meet people
Number 18 . Seeing none, we will close Public Comment. Just just the high points. Okay. Thank you, commissioners. Good evening. Before you are the proposed revisions to the sfdcp investment policy statement. We have hired cowan as our [ inaudible ] have made some changes to it. These changes have been discussed with the Deferred Compensation Committee at length, and ive provided some context on the industrys best practices and since then, the Deferred Compensation Committee then voted to forward the ips with the changes to the board with their approval, so i would like to now ask the board for your approval on the changes to the ips. [ inaudible ] to item 17 first, which is the deferred Comp Committee report. We did spend a lot of time reviewing this on the committee, and so today, its coming to you for because we felt with the revisions and being in compliance with industry best practices, our best practice guidelines, looking at changing regulations, this is the best time to bring it