A sole source waiver early on, not being able to guarantee this is the best deal moving forward. Is that it . Im sorry, one more question. The initial negotiations talked about a 1015year lease before it became a larger project. Where do you anticipate the number ofyears for this lease to look like . Typically for new development on a ground lease we would do a 66year lease. That is what is allowed under the burton act and that would be a time that would be sufficient to amortization the amount of investment here. Right. So again, even makes me more concerned about doing a full bid for such a longterm lease. Its not 10 or 15years, but a 66year lease. Thank you. Thank you. Supervisor wiener, any comments . Question for mr. Benson. I know you touched on this before, but if this were not solesourced, how would the process proceed . What would we see here . We have never done Something Like supervisor kim is suggesting. In the absence of any prospective tenant, normally for a Development P
Phone calls, social media and letters including one message from a fan who wrote im counting the minutes until our beloved Teatro Zinzanni is once again with us in San Francisco. You one more holiday season, new years, birthday or romantic night without you is one too many. Our goal in this hiatus has been to keep in touch with our audience and the community, remaining hopeful that we would see the day when we would announce our return. Now we have a plan. This unique partnership with kenwood and Teatro Zinzanni creates a unique Business Model where one hand feeds the other. Together well steer business to the surrounding community. A marriage between business and culture. A new way of art and business to flourish, im supporting the packet of letters and local San Francisco supporters. The Energy Behind this venture is palpible. Its time to return to San Francisco. Thank you. Thank you very much [ applause ] i have a quick question, how many presentations do we have on this item . Im t
Makes me more concerned about doing a full bid for such a longterm lease. Its not 10 or 15years, but a 66year lease. Thank you. Thank you. Supervisor wiener, any comments . Question for mr. Benson. I know you touched on this before, but if this were not solesourced, how would the process proceed . What would we see here . We have never done Something Like supervisor kim is suggesting. In the absence of any prospective tenant, normally for a Development Project like this, we would have a concept, say a hotel and entertainment use. Developed through the community process. Then we would do a request for qualifications and we would be looking for a Development Partner who has the experience and Financial Capacity to develop the site. And then we would go through a negotiation, where we establish fairmarket value for the sites, looking at comps and using apraisals and other similar mechanisms that are standard for a real estate negotiation. And then bring that through the public approval pr
We would do a 66year lease. That is what is allowed under the burton act and that would be a time that would be sufficient to amortization the amount of investment here. Right. So again, even makes me more concerned about doing a full bid for such a longterm lease. Its not 10 or 15years, but a 66year lease. Thank you. Thank you. Supervisor wiener, any comments . Question for mr. Benson. I know you touched on this before, but if this were not solesourced, how would the process proceed . What would we see here . We have never done Something Like supervisor kim is suggesting. In the absence of any prospective tenant, normally for a Development Project like this, we would have a concept, say a hotel and entertainment use. Developed through the community process. Then we would do a request for qualifications and we would be looking for a Development Partner who has the experience and Financial Capacity to develop the site. And then we would go through a negotiation, where we establish fairm
And so i would very much support that to the Controllers Office office any objections before we put it on your plate. For the Controllers Office office we dont object well put that on reserve. Ill make a motion to put the 91,000 plus on the controllers reserve and pass it on to the full board i move we send it to the full board with a positive recommendation. Do have i have second. Seconded by supervisor mar okay. Mr. Chair would you like to do you want the motion to amend the ordinance as amend it to reduce it by the 91,000 plus and we have a motion by commissioner tang and well take that without objection. Madam clerk call item 3. For the record the ordinance is amended it is recommended as amended to the full board. Item number 3 hearing open the proposed budget for the Information Commission for the fiscal year 20142015 and requesting the commission to report. To you now jason fried lafco. I have a power point presentation that im going to go through i might go a little bit quicker