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Is related but we will call them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibility studies. We have staff here. We will have this presentation and if you get the powerpoint on the screen thank you. I want to be very clear the clear of this Initiative Ordinance is establish a pathway to maximize the amount of Affordable Housing that the city can require of developers. The current requirements are too low. Not only are they too low but theyre a one size fits all rules and acts if a luxury tower downtown has the same economics as a project in another neighborhood. The economics are different and the rules need to be different the mayor directed staff to bring working groups to bring stakeholders together for these requirements and its und

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