These obligations primarily include annual payments in lieu of taxes, our standard Design Review and design approval procedures and contracting local hire and workforce programs. The release has the potential to reduce the amount of tax increment generated in the south plan area, which would thereby negatively impact ocis ability to meet its Affordable Housing and infrastructure obligations in the south area. So to avoid these potential impacts ocii has negotiated the memorandum of understanding, as well as related agreements as a condition to granting release from these obligations. Now i will walk through the agreements that are before you for consideration this afternoon. The first of these is the mou between ocii and the uc regents. The mou contains the terms under which ocii would release uc from certain obligations under the south plan, the opa and the pilot agreement. Some of the key terms of the mou first, the Affordable Housing payment. This is a onetime lumpsum payment from u
Ucsf and the documents that govern development of the site, followed by discussion of the main terms of the proposed agreements; the findings of benefits that we are required to make under redevelopment law, Environmental Review and conclusion and next steps. Blocks 33 and 34 as director bohee mention ready currently owned by an affiliate of salesforce. Com and comprise 3. 8 acre sites. As you can see it here on the map bonded by 16th street to the north, illinois to the east, mariposa to the south and 3rd to the west. This allows for wide variety of uses including office, retail, laboratory and manufacturing. Medical clinicks are permitted as a secondary use if certain criteria are met. Blocks 33 and 34 are subject to a pilot agreement, which was recorded against the property in 2010 by fockil. Excuse me, christine can you make sure to speak into the microphone. Sure. Thanks. The purpose of the second opa amendment was to prohibit the transfer in Mission Bay South of property to a tax
Most of our space and facilities to our core mission, it would not be appropriate for us to rent out our space to a destination retail tenant such as i dont know home depot or whatever. But as you know, at parnassus and at mission bay we do have smaller food operators and tenants, as well as we have a walgreens pharmacy, for example, on our parnassus campus. So when we talk about incidental retail, it would be primarily for the convenience of our employees, as well as for our patients and visitors. And that would represented a very small portion of the total space that we plan to develop on this site. Thank you. At the same time, we do understand this agency and commissions desire to try and promote neighborhood retail whenever possible. So in our planning process, we will work closely with your staff to ensure that whatever retail we do develop is compatible with the rest of the mission bay area. Great. Thank you. Commissioner mondejar. Can you hear me . Yes. So on your 5th opa amend
The primary intent of the pilot was to maintain ociis ability to maintain infrastructure and Affordable Housing with tax increment even if properties were purchased ore leased by tax exempt entities. Id also like to note that since dissolution, ocii can only use funds that it receives under the pilot to fulfill its enforceable obligations in the south which again are Affordable Housing and infrastructure. Next some background on ucsf and the proposed transaction. As traditionally mentioned ucsf currently controls 57 acres in mission bay for its campus and Medical Center sites. The university is now proposing to acquire blocks 33 and 34 from sales force and develop up to 500,000 square feet of office space and related parking. Under the california constitution, university is exempt from local land use and redevelopment regulations and from local property taxes. However, ucsf is subject to thirdparty contractual obligationses that run with the land, in this case the south opa and the pil
So, having said that, let me tell you the entire Mission Bay Area public trust line so all these Affordable Housing that you are talking that ucsf is talking about has to be put in perspective. Affordable is two rooms. [speaker not understood] when they say its affordable to talk more about lowincome and no income. So, what i hear you is a lot of baloney that, you know, we need Affordable Housing, but i bet you, its one of few representatives. You havent read the Housing Element. You havent read the Housing Element that reflects what the needs of our city the next 10 years. And you havent bothered to see whether the standards or the [speaker not understood] of the last Housing Element were provided. So, im asking ucsf and im asking all these socalled rich people that, please, Pay Attention to those San Francisco an who contributed a lot to San Francisco but who just happen to be lowincome and no income. ~ san franciscans and im asking you representatives to give us three minutes to exp