fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
Existing building line. That you can probably see from the [speaker not understood] were counting from the back, not the stairway. And the second one is to set the addition off the maam, your time is up. Eight feet off the proline [speaker not understood]. Thank you. Thank you. ~ second dr requestor. Good afternoon, commissioners. My name is michael zucker. My wife and i are the owners of the property immediately to the north of the subject property that were discussing this afternoon. Our family has lived in this house since 2002. We have thoroughly enjoyed the neighborhood. It is a unique part of the city where we have side yards as well as rear yards and we have a continuity of development in this particular midblock area. I wish to address three things this afternoon. I want to talk about the neighborhood, the project, and our goals for today. In this neighborhood theres a clearly defined pattern of at the rear of all of the yards. I brought this aerial photograph which i believe y
Creating a pattern of spacing and design on the block base. The subject property and the adjacent property to the south each contain garage structures in their rear yards accessible through a shared driveway. Since the commission packets went out last week, the department received two emails and one phone call from neighbors in support of the project. And ill pass copies of the emails for the commissions review. Okay. First dr requestor. Oh, im sorry. The dr requestors are the immediate adjacent Property Owners to the south and north. [speaker not understood] is a resident of 137 17th avenue. The property to the south. And [speaker not understood] is the owner of 129 17th avenue, the property to the north. Ms. Setos concerns include the following. That the project is incompatible with surrounding buildings with respect to depth and negatively affects the midblock open space. That the projects form is incompatible with her building with respect to the shared driveway. That the project n
The original building was before the Transit Center plan was adopted. Got it. Commissioner hillis. So, i would agree with commissioner sugaya. Im supportive of the six floors [speaker not understood] the 700 feet we have zoned for. My question back to the fee deferral, im confused. The staff report, i believe the project sponsors understanding before today was the fees on the additional six floors werent deferable. You were going to pay those. Is that correct . The new transbay fees that is what i said. That was our assumption. Weve learned today that they are deferable. And being a developer, wed like to defer them. [laughter] right. But if the economics of the deal were based on the fact you werent going to defer them, i mean, we were going to get them will you continue on with the deferral or are you willing to nonapply for the deferral for the remaining six floors . Its not something that im free to simply say. I need to talk to the clients at kill roy and make that decision. They
Commissioner borden . Aye. Commissioner hillis . Aye. Commissioner sugaya . Aye. Commissioner wu . Aye. Commission president fong . Aye. So moved, commissioners. That motion passes unanimously 6 to 0. Commissioners, it will place you on item 17 for case no. 2013. 0707dd for 133 17th avenue , request for discretionary review. Good evening, commissioner. I am David Lindsay from department staff. This case consists of two requests for discretionary review of a project that proposes a horizon addition at the rear of a twostory over basement singlefamily house located at 133 17th avenue in the inner richmond. The horizontal addition consists of a twostory component that extends approximately 101 2 feet beyond the buildings main rear wall. In a one story over crawl Space Component with a bay window that expands approximately 10 feet further. The proposed addition would be setback approximately eight feet from the south Property Line and approximately three feet on the north Property Line. Th