Announcement of prohibition of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Port Commission adopts a shorter period on any item. Item 5, Public Comment on items not listed on thugenda. I dont have cards. Is there Public Comment on anything not on the agenda . 6 a, executive directors report good afternoon president adams and prez dependent adams. Im elaine forbes. My 1st report is a innovative project under development being spearheaded by tom esh
Analysis and make a decision yes, now that the developer is on board what you saw is a conceptual drawing and take home from there having the reaction with them and look at the cost and verify the cost and talk to the consultant and make comparison to other garages roontly built and look on the financing side how much money can the revenue from the parking garage support. Of course we have to deal with the community because there was a discussion we need parking in this project so we have to manage the process getting Community Input while looking at the [inaudible] we get a meeting of the meend and consensus and know if we have a physical project or not. So, what do we do about the lost revenue sh . Remember we are getting the fair market value of this site, so the parking in a way is like a icing on the cake. It is based on the consent the Available Development the city will have housing and retail. The parking isnt factored into that fair market value. If we get parking in that is a
Moneyism we wont collect rent anymore because they pay the present value of the fair market value of that site. Thank you. Thank you. Good job ricky, great presentation. Clearly Due Diligence is done and agree with my fellow commissioners and thank you for coming out today and explaining everything to us. Thank you very much. Madam secretary, next item, item 11, new business, during the conversation i heard we should come back and present how staff allocated port wide and specifically if we can tie it to areas in the Strategic Plan that will be helpful so well bring that to the commission. I also heard request for update on the quinn street lead project which we will do as we move in the project and hopefully it isnt for request for more funding. Any other new business . I would like a update on the Maritime Department on the expenses and budget and what they are working on and get back to the commission and then one other thing too. I think commissioner who requestedi know you are wor
Present value of the fair market value of that site. Thank you. Thank you. Good job ricky, great presentation. Clearly Due Diligence is done and agree with my fellow commissioners and thank you for coming out today and explaining everything to us. Thank you very much. Madam secretary, next item, item 11, new business, during the conversation i heard we should come back and present how staff allocated port wide and specifically if we can tie it to areas in the Strategic Plan that will be helpful so well bring that to the commission. I also heard request for update on the quinn street lead project which we will do as we move in the project and hopefully it isnt for request for more funding. Any other new business . I would like a update on the Maritime Department on the expenses and budget and what they are working on and get back to the commission and then one other thing too. I think commissioner who requestedi know you are work wg david chew about the ferries and update so can we get
And that uses the sand and ago go gate and with the similar Business Model and we have a lot of interest at that prebid conference, but we were at the same time entering that down market in 2008, and received no responses. Also, at the time, the city had not figured out how it was going to pay for the street resurfacing in the city. And dpw, was just beginning to get its arms around the challenge of maintaining a robust, repaving program. And so, that proposal laid dorm ant for a long time and over the past month, we have been approached by dpw and we have a number of dpw staff, and paul, buratis and richard, and patrick here, listening to our discussion today. Right now, going down the 101 to get the asphalt in the city and there is interest, because right now we dont have a lot of Recycled Content in the asphalt in the city and a new, Asphalt Plant has the technology now to incorporate up to 50 percent Recycled Content. And so, dpw is also disposing of a lot of asphalt at a great exp