This challenging. And so we helped to bring in Northern California Community Loan fund, who found a tenant and we also had experience working with cast in the buildings that moya mentioned in mid market and were proud of what cast has been able to do to help to sustain nonprofit arts groups, so i just wanted to endorse the approach. Its complicated, but weve done buildings like this before and were really comfortable with it and excited to see the project move forward. Supervisor cohen thank you miss cohen. Next speaker, philip . Good morning, supervisors, i thought that id just say a sneak in a Public Comment and say a few quick words about this project which is extremely meaningful to our department, to me, and to our city. We had a big long presentation here yesterday about our Strategic Plan with supervisor fewer and a core element of our Strategic Plan is to developing more open space and opportunity and high needs and emerging neighborhoods and another provision of our Strategic
District anden this i realized that it wasnt. Oh, shucks. I would like to make a double positive recommendation, motion, to send this out of committee with a positive recommendation to the full board as a Committee Report for december 12th. Supervisor cohen all right, thank you very much, and well take that without objection. Madam clerk. Call item 14. Clerk resolution authorizing the execution of the performance of a Second Amendment to the ground lease between the city and mission bay Affordable Housing for a Real Property at 150 barry street to 13, to 15, to 17, to 19, 23, 25, 27 king streets in connection with the zone refinancing and minor rehabilitation of the space at the commons. Supervisor cohen we have amy chang from the Mayors Office of housing on this item. I want to call you up and i understand that the Mayors Office of housing would like to continue this item due to issues with the lender. So i dont know if you want to speak a little bit and then well take Public Comment
Report for december 12th. Supervisor cohen all right, thank you very much, and well take that without objection. Madam clerk. Call item 14. Clerk resolution authorizing the execution of the performance of a Second Amendment to the ground lease between the city and mission bay Affordable Housing for a Real Property at 150 barry street to 13, to 15, to 17, to 19, 23, 25, 27 king streets in connection with the zone refinancing and minor rehabilitation of the space at the commons. Supervisor cohen we have amy chang from the Mayors Office of housing on this item. I want to call you up and i understand that the Mayors Office of housing would like to continue this item due to issues with the lender. So i dont know if you want to speak a little bit and then well take Public Comment and then a motion. Sure, good morning, chair cohen and supervisors. Amy chang from the housing and Community Development. For item 14 we request that the item be continued one week and the project lender has brought
Clerk resolution authorizing the execution of the performance of a Second Amendment to the ground lease between the city and mission bay Affordable Housing for a Real Property at 150 barry street to 13, to 15, to 17, to 19, 23, 25, 27 king streets in connection with the zone refinancing and minor rehabilitation of the space at the commons. Supervisor cohen we have amy chang from the Mayors Office of housing on this item. I want to call you up and i understand that the Mayors Office of housing would like to continue this item due to issues with the lender. So i dont know if you want to speak a little bit and then well take Public Comment and then a motion. Sure, good morning, chair cohen and supervisors. Amy chang from the housing and Community Development. For item 14 we request that the item be continued one week and the project lender has brought up conditions for the ground lease that were still negotiating and so we would like to request a weeks additional time to resolve this issu
Cosponsors, supervisors kim,fewer ronen, cohen, and safai. We really need to help our allies at the staff level to help us pass this legislation. I really hope we have a hearing on this and that everyone can be convinced that this is what we need in San Francisco. Thank you supervisor yee. Supervisor breed. And supervisor cohen, you indicated that you were submitting, correct . Yes, that is correct. Supervisor farrell. Last week we had a few Affordable Housing deals coming through our ordinance and we all agreed there were too many questions for the developers to afford. I think supervisor kim for getting this together. In addition the Planning Department staff had paired our supervisors. Our staff in this department provided a Financial Analysis of this but maybe im just used to the budget and finance committee but there is no process to verify these financial deals done for ordinance. I commend our staff to do their best to evaluate the ordinance for fiscal impact but i cant consciou