Was appropriated by the board of supervisors under the sfpuc water system improvement program. We recommend that you approve this resolution. Okay. Thank you mr. Rose. Colleagues any questions . We will move on to Public Comment. Anyone wishing to comment on item 10 . Okay. Seeing none. Public comment is now closed. Colleagues can i have a motion to move this forward. So moved. Motion by supervisor tang. We can take it without objection. Madam clerk call item 11. Item 11 requisition of the Real Property at 490 south van ness, the Purchase Price of 18,500,000. Okay. We have the Mayors Office of housing here. Hello. The res before you is approve the acquisition of Real Property at 490 south van ness from the south van ness limited partnership benicia lake llc and Maurice Casey collectively referred as the seller for the agreed amount of 18,500,000 and the resolution ask that you adopt ceqa findings and consistent with the general plan under the code. There will be a deduction of transfer
General fund will not receive the transfer tax revenues for this transaction so our recommendation on page 29 is we recommend that you amend the proposed resolution to specify the Purchase Price with a credit as listed to reflect the citys exemption of paying the citys Real Estate Property transfer tax and result in adjusted city cost as listed and we recommend that you approve the proposed resolution as amended. Okay. Thank you mr. Rose. Colleagues any questions for mr. Rose or our team . Okay. We will move on to Public Comment. Anyone wish to comment on item 11 . Seeing none. Public comment is now closed. [gavel] colleagues do we have the budget Analyst Recommendations in front of us and under line item. Through the chair i make a motion to amend the Purchase Price reflecting what the budget analyst said for the transfer tax that the city is exempt from and move forward with a positive recommendation to the full board. Okay. Motion by supervisor tang and take that without objection.
Us to go and sell the program to the whole city. We need jobs and a break on their energy bills and that kind of thing. You need to be able to adopt in the lower income communities such as much solar as highincome communities. So that buildout piece is important and i think we need a hearing about that either at lafco or the board. I want to chime in on public bank. That, if you look at what is happening in greece right now, it becomes really clear that the Global Private financing and Banking System is becoming so incredibly powerful that they can literally hijack a country and go against the will of over 60 of the voters in that country. Lets not forget back during when gerry ford was president and president ford basically said, sorry, so we need to be able to protect ourselves in the case that the global banks become even more powerful and even start trying to leverage San Francisco. We need to figure out a way to have a public bank available, so we can avoid the kind of thing that
Thank you mr. Rose. Anyone wish to comment on Public Comment . Seeing none. Public comment is now closed. Colleagues can i have a motion to send this forward. So moved. Moved by supervisor mar. We will take this without objection. Madam clerk call item 7. Item 7 is Lease Agreement and lease between the Hudson Group Retail in Square Footage and concession space and minimum annual guarantee of 555,000 for the board. Colleagues we will continue this item and first we will open it up to Public Comment. Anyone wish to comment on item 7 . Seeing none. Public comment is now closed. [gavel]. Can i have a motion to move this item . So moved. Madam clerk can you call item 8. Item 8 is lease amendment lease bayport concessions and the city and premises and modified lease term and annual guarantee of approximately 130,000. Okay. Ms. Wagner item 8. Thank you chair farrell members of the committee. I am with the San Francisco international airport. The next two items are similar to items you have se
Item 1 hearing hearing to consider the release of reserved funds, Arts Commission to build out the secure basement Storage Space and related location costs for the citys civic Art Collection. Great. We have tom mckinney here. Good morning supervisors. As you know it will move to the Veterans Building in september of this year and our request is for the release of reserve funds for 50,000 to complete the move of the Art Collection to the war memorial. We are glad that the Capitol Planning Committee has allocated a historic amount for the Art Collection and afford us to the opportunity to properly store the citys civic Art Collection and by many artists. This is where the documentation for the civic Art Collection is stored as well as any works that are coming through for conservation and care so i have our senior registrar here alice coming to answer questions and we appreciate youre considering this item. Thank you. Mr. Rose can we go to the report on item 1. Yes mr. Chairman and membe