supervisor, you re muted. you re muted. supervisor preston: i think he s trying to figure it out. clerk: through the chair supervisor peskin: okay. am i back? chair melgar: yes, you are. supervisor peskin: thank you, madam chair, and sorry for my interruption earlier. so let me start with miss orth through the chair. was the oceanwide view under transbay, was that under ociis jurisdiction? no, supervisor, it was not. supervisor peskin: okay. thank you. clearly, i m supposed to ask questions that i know the answer to, so i will stop at that line of questioning. so relative to a letter of credit, what s the l.c.s worth? what s the cost, miss orth or mr. faulkner? 1% of its face value? maybe less? what s its worth? i would defer to the developer on that question. hi again. cameron faulkner. it s usually market based, but a good estimate would be 1% of face value to carry that letter of credit. supervisor peskin: i think i just mentioned that, so that seems
them for a number of months. the inspector respond to this sound complaint over the weekend. he took a sound measurement in realtime and the band was in compliance with their j.a.m. permit. there are no violations of the j.a.m. permit observed at that time. i think it s important to briefly set the stage or paint the picture of what is occurring in this situation. letting know that scope of davino s owner has been very willing and eager to comply with the j.a.m. permit condition amaking concession to try to mitigate concerns of the neighbors or the neighbor about the problem that s being expressed. the owner has been making concessions. they have rearranged the location where the band perform. they are conscientious of their time. they log their own sound limit. they have their own sound meter. they are monitoring their sound levels. i think it s important to note that the neighbor does have wishes may not be able to be accommodated as far as what j.a.m. permit allows. six ho