Thanks. Okay. Good morning, supervisors. We have the slides. I want to start by putting the Central Market into the areaing, payroll tax exclusion to contacts and provide some history that has brought us here today. In 2011, under the leadership of mayor, the city and county launched the Central Market Economic Strategy. In response to widespread consensus there was a strong need to private and public investment, with the end goal to strengthen the longneglected stretch of Market Street between 5th and van ness. The strategy at time was in the Partnership Led by our office. Under the strategy, the agencies engaged private stakeholders, including communityman based groups, Small Businesses to direct resources to Central Market corridor. It has been neglected for decades, up like the rest of the city, did not see substantial investment or improvements during the economic boom in the 80s, 90s and early 2000s. Despite the longestablished art venues and history. The Development Strategy inc
Know youve been supporting an advisor so this support it well appreciative and i appreciate our setting clear exceptions the citywide and setting the expectations thats part of San Francisco i know that certainly the big issues that come up the cac and the market for accident mass has asked us to address those issues it can only be done in the city and the larger sector. Thank you for being here. Next, i have jackie junctions here from market for the mass he want to acknowledge, you know, a really great Public Meeting and great event theyve cooperated with all 6 of the companies that participate in the cb a. About two years ago at the twitter headquarters one of the feedback weve given a specific it so having the world as the, you know, all the things we want to see from the Community Benefits narrowly down on the policies and idea we would like the Tech Companies and the companies that participate to help address and actually coming up with specific proposals that was great and i also
Hundred people not like twitter. Basically with the 2012 agreement at the end of the First Quarter april you 31st on may 1st, the cac members were removed from their seats for absences i believe a few were not knowing the protocol for reporting the absents may first we were expecting the quarterly reports we have multiple Companies Providing we were told instead of proceedings over the meeting thil barns said you have no quorum and cant comment or have an official comment and sat down and let other people run the meeting this essentially ended did conversation between cac and company null mark third there were a couple of quarters that went by and by the time the cac was reconvened and october reporting happened you know the benefit agreement that we passed in january they actually were very problematic to the cac but i recognize we have to have something to work with so we approved them with a working reinforce when it got to be october the new cac looked at the specifics and the repo
Nothing happened a couple weeks ago the citys Administrators Office contacted me to see about including the light theres some kind of light projecting progress go up and down Market Street what about the budget and i was informed that, you know, theyve contacted the Budget Office a couple months ago thats the fault for that i made a a call and was told people are busy. I insured them people are busy we need something from the budget off the to camp come and talk to us now teddy is going to be talking to us. In terms of value and fair return i want to refer you to the Market Street proposal this is a good sense of whats fair well be hearing from them and so to begin i want to start b with atas thats a six months report the company as followed the process and every time and they did 2012 by the process is one in which the cac presented we say an opportunity and a second meeting theres a public hearing and the public had an opportunity to make comment and more dialog and the third present
Liaison at sand dust im here to answer questions but i am here to objectively go what peter said to suggest improving the progress we need a consensus on exemption is it more important to have the companies to commit to a number of dollars i agree that having us volunteering and we make sure theres an gaerment once a week is important for the Relationship Building we get dings not we but the volunteering aspects get dinged quite a bit in the press theres a prospective as a replacement for the dollars we have the understanding of the balance between each we wanted engagement and relationships with those organizations since the cbcs do exterior we want to make sure the engagement goes past that. I do think that setting priorities is important as we discuss the draft we agree upon the commitments in the benefits agreement but a year a longer than because issues and i rise when we look at the process last year, we sort of had a lot of our comments locked in and housing was located in and w