To the board of supervisors San Francisco Land Use Economic Development commission. Im scott wiener the chairman of committee and supervisor jane kim to my left is david chewing. I want to thank sftv specifically john madam clerk, are there any announcements . Yes chair wiener. Please silence all electronic devices. Completed speaker cards and copies of any files should be submitted to the clerk and agenda will appear on the 2014 nools otherwise stated thank you and to members of the public at the 345 well be taking a 15 minute recess so well be briefly recessings. Madam clerk, please call item one its an ordinance amending the transportation code are inform the division of parking meter and president chiu is the author of this measure. Is that working now . You might want to turn it off. Great this is a measure that im carrying at the request of the department to a state law that needs to go both effect jan marcason could you please present. Good afternoon sxhirgz janet mary ton from
Are there any announcements . Yes chair wiener. Please silence all electronic devices. Completed speaker cards and copies of any files should be submitted to the clerk and agenda will appear on the 2014 nools otherwise stated thank you and to members of the public at the 345 well be taking a 15 minute recess so well be briefly recessings. Madam clerk, please call item one its an ordinance amending the transportation code are inform the division of parking meter and president chiu is the author of this measure. Is that working now . You might want to turn it off. Great this is a measure that im carrying at the request of the department to a state law that needs to go both effect jan marcason could you please present. Good afternoon sxhirgz janet mary ton from mta. The ordinance will revise a overnight parking at the meters. We need this local amendment to come into inclination Assembly Bill was signed into law by the governor when it goes to o into effective it will change the mta to pe
Project. This is an aerial view especially where the construction trailers are thats the site and you can seeing see how awkwardly adjacent to the freeway. The mission bay north is made up of inclusionary unit and other projects. The Master Developers allowed for the inclusionary housing unit theyre required to be broken into 3 tiers very low up to middle income low up to 70 percent and moderate chitchats one hundred and 10 percent. The unit are sold to a third party similar to what we do with nonprofits. Overall the o pa between the master developer a total of 20 percent of the units have been to affordable pardon this the broken down under the o pa. The full build out will have 2 thousand and 64 units. This is the 29 opts. So applying the 20 percent were required to have 5 hundred and 93 units and the developers are required to build a percentage. We have 6 hundred plus unit more than the ot a required so were over leveling percent more than the original that was required. We have 20
93 units and the developers are required to build a percentage. We have 6 hundred plus unit more than the ot a required so were over leveling percent more than the original that was required. We have 20 more than the o pa. This is; however, while the master developer has succeeded those a theyve not provided the breakdown as required. They built one hundred opt above that was required so even though we have 20 unit more if you do the math we have the last requirement for the 80 moderate unit. This tramths to one hundred and 10 percent as a 4 percent household earning. We do anticipate that any additional moderate rate units will be built for Affordable Housing. The full built out in the south the oc i will have one hundred and 8 additional units. Based on the affordability of the financing forces we anticipate all the 11 hundred units to be low and theres no other tax credit that target the moderate rate. Theres an inclusionary requirement that requires an inclusionary unit to target t
Nadia from our office of Public Finance and her entire team as well. Okay, colleagues, unless there is additional discussion, can we take this item same house same call . Without objection this resolution is adopted. [gavel] item 27. Item 27 is a resolution authorizing the office of Community Investment and infrastructure, operating as the Successor Agency to the redevelopment agency, to issue and expend bonds in an aggregate Principal Amount not to exceed 70,000,000 for the purpose of financing a portion of enforceable obligations in the Mission Bay South redevelopment project area in the current or future budget years. Same house same call . This resolution is adopted. [gavel] item 28. Item 28, ordinance accepting an irrevocable offer for a public sidewalk easement on the Brighton Avenue extension north of ocean avenue and accepting an easement for these purposes; accepting an irrevocable offer for improvements and Real Property related to lee avenue north of ocean avenue and accepti