on each item on agenda. public comment is available by calling 1-415-655-0001 and entering access code 2483 459 7905. we will take public comment from persons in person first, then open the remote access line. please speak clearly and slowly and if you care to, do state your name for the record. each speaker will be allowed up to three minutes. when your allotted time is reached, i will announce your time is up. for those persons calling in to submit their testimony, when we reach the item you re interested in speaking to, please press star 3 to be added to the queue. best practices are to call from a quiet location, speak clearly and slowly and mute the volume on your television or computer. for those persons attending in-person, please line up on the screen side of the room when your item comes up and i will ask that you please silence any mobile devices that may sound off during the proceedings. at this time i d like to take roll. president tanner: here. commissioner m
it was pointed out that this project was different from many other projects. it was pointed out that the growth is good, in this project was different from others in the sense that people actually live in this area, whereas in the other areas, treasurer island or mission bay, bayview hunters point projects, or even in the old days, the western area, people did not live there. now, this project is one to be undertaken for a period of 20 and 30 years, and can you imagine if you, yourself, or your family lived in this area with the construction noises for that long period of time? i do not think that many people could tolerate that. in effect, this project will be victimizing of the people who live there. i believe. another thing, all of this pie in the sky free money and whether the benefits will be developed meant, one wonders if all of these units are needed. in the 2010 census, there were over 31,000 vacant units in the city now. that does not mean that they are all availabl
agreement. the sec would be to not allow further demolition of existing units, and, for example, we would not want to necessarily terminate building the light rail line, so we do not want that to terminate, said there could be more surgical approaches than stopping the rent-controlled units, and then there are provisions will weaken essentially guarantee financial benefit for having the cash up provision, for example, and then putting that money into a fund to support it. it is the equivalent of a voucher program, so there is a range of options. supervisor wiener: i think that is an important one to confront head on. we strongly agree, although we would like to emphasize that from the city attorney s point of view, this agreement is fully enforceable. it is a tricky situation, because any new agreement, you can never say with 100% certainty that this is going to work. i think that is just the nature, and the trinity development agreement, a big everyone agrees that has work
we strongly agree, although we would like to emphasize that from the city attorney s point of view, this agreement is fully enforceable. it is a tricky situation, because any new agreement, you can never say with 100% certainty that this is going to work. i think that is just the nature, and the trinity development agreement, a big everyone agrees that has worked quite well. supervisor mar: cohen has mentioned that there are many legal questions that would be good for the attorney. mr. yarne, palmer is relatively new, and i like to hear more about a weekend protect the units. it seems the development agreements run with the land, and how they can supersede it challenged in court? no one is suggesting that this supersedes state law. you cannot contract around state law. we have never represented the. what we believe is that we are complying with state law. and i do want to say again, i apologize that we have the bad luck of having the to build your primary attorneys who ha
of destroying one additional unit and replacing it with two or three. it is not urban and fell. urban infill is not about destroying open space. that is not urban infill. so i would just like to remind you all to be scrutinized to really scrutinize the comments were she said land use, open space, the sponsor appears to have made objectives to justify the high ramallah is live and the store property there is no blighted space there. to justify destroying historic property. i also want to talk about now that they are 75% of the developers. these guarantees are being made by fortress. the ceo a fortress, daniel, was the ceo of fannie mae, which she ran into the ground. he may face claims for misleading fannie mae investors, which required a $130 billion taxpayer bailout at the olympic village, he left vancouver on the hook with unsold units. i believe the city of vancouver has had to take on about $570 million worth of debt that the city now oppose because of fortress ba