Substandard, cpmc must provide cooperation and some additional funding to address these conditions with the city. And lastly, cpmc will use a variety of outreach means at their disposal to encourage their employees to produce excuse me, to purchase a clipper card and will subsidize half the cost of the clipper card for all employees who wish to have one. Moving on to streetscape and Pedestrian Safety, in terms of streetscape and Pedestrian Safety, cpmc will pay the city 4. 25 million for Pedestrian Safety and sidewalk widening in the tenderloin, 200,000 to fund a safe passage Pilot Program in the tenderloin, and 1. 55 million for transit and safety improvements in the neighborhoods directly adjoining the Cathedral Hill campus. In addition, cpmc will pay 3 million to the city for enforcement and Traffic Safety improvements around the pacific and california campuses. Around st. Lukes and davies, the agreement calls for cpmc to build a specified program of improvement themselves along wit
Complete or revise Development Agreement based on these terms. Today is not a final approval from the board. The project under the Development Agreement must still go back to the Planning Commission and then come back to the board of supervisors, and ill show a schedule for that at the end. So, these are the key points of the new agreement. First, a significantly larger st. Lukes hospital, 120 versus 80 beds, and a significantly smaller Cathedral Hill hospital, 2 74, up to 304 beds versus 555. St. Lukes hospital will be an integral part of the cpmc system 25 of the bed in the city. Cpmc will be obligate today continue providing specified level of charity care to the needy san franciscans with no reference to cpmcs financial conditions or projections. And last, about 80 million in cash for Community Benefits is part of the agreement related to health care, transportation, Work Force Training, Affordable Housing and Pedestrian Safety. So, starting with st. Lukes, which has always been th
the slide. what this should say and what it says in the term sheet is years 1 through 2 at 5% annually. and years 4 through 10 no more than the medical rate of inflation plus 1.5%. so, that should be noted as a 6. moving off of health care to the other set of community benefits that are contained in the term sheet, we start with affordable housing. the term sheet includes two different affordable housing payments. the first is 4.1 million to compensate for 25 units that will be displaced by the construction of the cathedral hill medical office building. and this payment is defined in the planning and the administrative codes. these funds will be paid at the time that cpmc pulls a demolition permit for the existing buildings. the second is $36.5 million to the mayor s office of housing, affordable housing fund. this is in furtherance of the van ness special use district which as you know calls for housing to be a part of all large projects developed on van ness avenue. moving