Thanhello, everyone. The meeting will come to order, this is the rescheduled budget and finance committee meeting. Im sandra lee fewer, the chair, and im joined by supervisors walton and supervisor handelman. I thank the sfgovtv for broadcasting this meeting. Madam clerk, any announcements . Clerk to protect the Board Members and the employees and the public, the board of supervisors legislative chamber and Committee Room are closed, and they will participate remotely. This precaution is taken pursuant to the local and state and federal orders, declarations and directives. The Committee Members will attend through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comments will be available on each item on this agenda and both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker is given two minutes to speak. The opportunity to speak during the Public Comment period are available by calling 1 415
Interprete interpreter thank you. [speaking spanish language] interpreter thank you. [speaking tagalog language] interpreter thank you, madam clerk. Clerk just a quick thank you to the three of you. We very much appreciate your support. And now, a word on what agenda content is eligible for your Public Comment. There are three matters slated to begin consecutively at 3 00 p. M. Items 4 through 7 is the items of mitigated declaration for 3516 and 3526 folsom street. If youre looking to provide general Public Comment, that item is 15. When that item is called, youll be able to speak on the general minutes, on the items not specifically before the board, and items 12 and 13 on the agenda. If youre having any problems, call 4155545416, and we have someone standing by ready to assist you with problems you are having. And finally, pursuant to the a. D. A. , we have a member of the public ready to make Public Comment, thanks to the efforts of mr. Wilson ng, we have something ready to make Pub
We are meeting today to conduct an important hearing on the Small Business administration Paycheck Protection Program, or ppp, specifically, review review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. Over the past several months, this committee has held numerous hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicat
Hearings on the ppp, and weve heard from borrowers and lenders about the challenges theyve faced in accessing the program. Ive also traveled across my district of burlington and ocean counties in new jersey to speak with Business Owners about how theyve fared during the pandemic, and ive heard some of the successes and challenges theyve faced with ppp and uncertainty about what the future holds. From borrowers who eventually did access a loan, the Committee Heard concerns about complicated, unclear, and sometimes 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 proceeds consistent with the law so they could qualify for full loan forgiveness, and effectively convert the loan into a grant, which was the
Clerk mr. President , all members are present. President yee thank you. Please place your right hand over your heart and join with me in reciting the pledge of allegiance. [pledge of allegiance] president yee thank you. On behalf of the board, i would like to acknowledge the staff at sfgtv, who record each of our meetings and make them available online. Madam clerk, are there any communications . Clerk yes. The record will reflect that during this covid19 emergency, members of the board of supervisors will participate to the same extent as if they were present in their legislative chamber. The board recognizes the pandemic has made the need for communication more acute and that those communities, with and without the internet, have the opportunity to participate, written and unwritten, in this meeting. We will accept your testimony via mail or Public Comment. Youre welcome to send us an email at bos sfgov. Org. If using your computer, you can livestream the meeting by going to www. Sfg