Done by independent third party an appraiser. It reflected a reasonable assumption of development to the property far less than tenderloin housing clinic originally anticipated. I think it was a very good reflection of the number of units that the property could yield in the future. It did not an attribute any value to any of the improvements. It did not attribute any value to the subemerged lots. We are only paying for the lots that are dry. Although as you will note in the report about half of the property is actually underwater. So, we are not in a position where we are paying for anything that isnt of value. The conclusion of value puts us at about 50 a square foot for land. I would say in San Francisco, thats a pretty good price. The assumption of development is is approximately 86 units that the whole property could yield if it were a standard residential development. The appraiser looblgd at when this could had been because there would be entitlement process bass because its ref
Passed a resolution in support of the purchase and the use of the open Acquisition Fund to reconfirm the paper notes that will be used to finance the purchase. So, inclosing, staff accepts the recommendation in the budget and legislative Analyst Report and we recommend that the board approve the resolution as amended for the acquisition of 900 ns. Thank you. Supervisor avalos . Supervisor john avalos thank you for the presentation. I was able to visit this place a couple years back and saw its potential especially linking the trail and you can see the gap and green space that is there. It makes a lot of sense. One thing to move forward with a thing like this, its interesting there is probably an effort to have Affordable Housing at this site perhaps and as proposed can go to Affordable Housing. Im actually, the trade off inform are me is to have Affordable Housing elsewhere is good. Its almost like a win win in that case. What i remember when i visited this site a few years back was th
Personalized therapy things like cancer and genetic disorders. He announced the initiative at a white house ceremony today. Just like we did with genetics 35 years ago. The really good news, this is how you know that the moment is right. Is there bipartisan support for the idea here in washington. The proposal is part of the 2015 budget, which the president is expected to submit to lawmakers on monday. Ibm had a rough year. An sec filing shows she filed a 3. 6 million bonus in 2014. The Company Posted its second year of profit decline. The first salary increases taking the helm. Spotify will be working with Goldman Sachs on a new round of private financing. Seeking another half 1 billion. Now to the lead. Now apple has conquered the chinese smartphone market. Next up, what . Global domination . They nearly tied samson for Global Leadership in smart phone sales for the First Time Since 2011. Both companies shipped 70. 5 million smart phones in the fourth quarter. Giving each company 19.
Have been in conversations with some of the developers in the neighborhood about landscape and assessment districts and mechanisms to help fund and maintain that park. We have just secured a 500,000 Planning Grant for the phase. Which was your question about asking if we planned what too do with the space. We need to have a conversation whether we are right size with respect to the park and maintenance and staff. Before you today is a decision that will benefit generations of San Francisco for many many many years to come. I thank you and i think what was really compelling about, i think it was a knowey valley where the park was. I think what was really compelling about that particular project and the reason i supported it was overwhelming support. Its what we expect to do to take care of our parks and the fact they love the space and utilized the space and willing to roll up their sleeve, raise money and support and maintain the space and it wasnt completely the responsibility of the