Present. Commissioner safai. Absent. Commissioner stefani. Present. Commissioner walton. Present. Chair, we have quorum. Thank you you have an announcement. Members interested in participating we walk here in person in the chamber room 250 in city hall or channel 26 or 99 or streaming live. Wish to make comment remote dial 4156550001, access code 2591 446 2834 you will upon listen to the meet nothing real time when Public Comment is called press star 3 to speak. Do not press it again and you will be removed from the queue. Public comment for items on the agenda be taken first from the members in attendance in the chamber and after from the remote speakers on the phone line. Thanks we might have a line we need to mute, may be . I have a note excuse commissioner chan that is wrong. I see her. I do need to excuse vice chair melgar. I will do that unless there are objections and before our next item rule 3. 26 to limit the comment 30 minutes. Each have 2 minutes to speak unless i indicate
General Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and will not be tolerated. Public comment is permitted on matters within the jurisdiction of the meeting body and thank you
Push to the big names ahead. Ed plus we sit down with the head of kkrs Tech Growth Fund does see where his firm Sees Opportunities after they raised 3 million. Caroline we will wrap up coverage from new york tech weekend here from two venture capitalists on what they are choosing to invest. At that is the private side of the market, lets go to the public because we have a clear flight to safety as we had to wear the weekend. Geopolitics the main noise we are currently having to digest and see and witness. We are currently seeing the nasdaq up by more than one percentage point as we worry about conflict expanding in the middle east. 10 year yields see money move into the bond market, eight basis points to the downside on the tenure and crude pushing on the higher side, 90 in terms of oil so a key signal to some of these volatile times. Lets have a look at what is happening in terms of volatility of the key tech asset class. It is crypto, 29,000, at one point again we jumped over that 30
Item 2, communication. We welcome Public Participation during Public Comment period. There will be a opportunity for general Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and wi
Million. What about 2 million . Thats a bit high. Wow. Im a little shocked that its at that level. Thats right. Santa clara county association of realtors data found the median Single Family home price hit 2 million for the first time in april. Were talking the midpoint between the highest home sales price and the lowest. T data shows the top three median prices were in Los Altos Hills at 5. 8 million, monte sereno 4. 5, and saratoga at 4. 2. Only five cities in the south bay are under the median san jose at 1. 7 million, along with san martin, milpitas, morgan hill and gilroy. Scc president Michelle Perry says there are only about 700 homes for sale, and low inventory drives prices up. It has been a problem for many years and now its just out of control. The demand will not go away because the inventory is just too low. So, there needs to be significant amount of homes built in a short period of time, and we just dont see that happening. Real estate expert brad gill says its not just