At the same time, it is authorizing sanctions against chinese officials. We will be live with reaction from the forbidden city. European futures prove their resilience after a more mixed session in asia. Angela merkel says it may take time to iron out the details of eus mammoth stimulus package. And lufthansa sets up a showdown with the eu by holding off on a vote for its 9 billioneuro german rescue plan. Cites requirements over landing slots at key hubs. Just under an hour from the start of cash equity trading. Lets look at futures. Instituteat the ifo expects german gdp to shrink 6. 6 in 2020 and then expand 10. 2 in the year after. That is a pretty decent sized contraction, and yet futures are Still Holding higher. Futures up 1. 3 on the dax. It has been a Pretty Amazing week for the dax index. We kicked off up 304 points in change and were up more than 100 tuesday and 150 yesterday. The dax has gained a lot of basically to11,000 11,006 heard 50 yesterday 11,650 yesterday. S p and d
Seeing none. A point of clarification. Secretary silva, there seems to be some confusion about from the public about what was actually approved for item 10. 4, can you confirm that the item as approved by the board at our last meeting does not add an additional annual allotment of 200,000 per year, but instead caps the annual disbursement of funds to 300,000 annually for a possible five year term of the agreement. That is correct, the amount you approved was, not to exceed amount of approximately 1. 5 1. 5 million over a three year initial term, with two options of one year each. So that would be five years potentially total. And then in the calculation of charges in the contract, costs are not to exceed 300,000 per year. Okay. Thank you for that clarification. Then, well now open item for Public Comment. Is there anyone that would like to comment on item four. And this is the approval of minutes seeing none. Do we have anybody on the phone okay. Well now close Public Comment, colleagu
Francisco bay community, we respect all the people who have been here for generations, we respect you, we respect the community. We honored the work that you have done. Its hard work to allow people to recognize whats right and wrong and do the hard work. Its the hardest work that we have to do today, whether youre holding a public office, being a minute center or bei minister or community activist, its hard job, but it serves our community and our children, and we must try to do better. This has been an important home to gobs of community meetings, employment workshops, to incubators for employment opportunities, and its also been a place where sadly, weve also had to send people away, who died in violence or met an early death. All of those aspects of life that are challenging the city, its happening in a microcosm there at 3rd baptist in a collusive and collaborative way. So im just sharing thisome things, but ill also share with you some strong feelings with people that ive got to
Supervisors board of agenda, otherwise stated. Thank you, madame clerk. Call items one, two, and three together. Yes. Items number one, two, and three are ordinances amending the general code and zoning map to add the 1629 Market Street special use district and approving a Development Agreement with stratta brady l. L. C. With various Public Benefits including open spaces in support of Affordable Housing and making appropriate findings. Thank you. This project has been a long time in coming and we are delighted that it has got ton the board of supervisors. I want to thank the mayor and his staff, of course, the Plumbers Union local 38 and the cosponsors of this legislation, supervisors kim and sheehy. I want to thank the folks from stratta for the briefing that they gave me together with city staff a few weeks ago. And thank mr. Sullivan for all of his work on this project. That is going to bring Affordable Housing and Community Benefitss to this area of mid market. And with that, shou
Clerk is ms. Alyssa samara. Do you have any announcements . Yes. Please make sure to silence all cell phones and electronic devices, completed speaker cards and copies of any documents to be included as part of a file should be submitted to the clerk. Items acted upon today will appear on the december 5 supervisors board of agenda, otherwise stated. Thank you, madame clerk. Call items one, two, and three together. Yes. Items number one, two, and three are ordinances amending the general code and zoning map to add the 1629 Market Street special use district and approving a Development Agreement with stratta brady l. L. C. With various Public Benefits including open spaces in support of Affordable Housing and making appropriate findings. Thank you. This project has been a long time in coming and we are delighted that it has got ton the board of supervisors. I want to thank the mayor and his staff, of course, the Plumbers Union local 38 and the cosponsors of this legislation, supervisors