Interests with about 8 hundred and of Million Dollars being available to the project. This slide is really to show a comparison of what is in the implementation document as was adopted in 2012 it spiefd that the special tax will be eventually of 55 percent of Property Value a footnote of generating 4. Plus million in by 7 percent so weve tried to reciprocate the same scenario maintaining the six 5 percent of the property tax value and when i compare that in regards to whats in front of does the board it generates about 514 million in the total future special taxes assuming the 7 Percent Discount this is regarding the future development within the project area. I would turn it back to adam to talk about the expertise what the project will fund is straight open space and transportation projects that are basically consistent with what was adapt in the transbay transit plan as part of agreement before you today, well sit aside 86 percent towards the transbay joint authority towards the dow
Positive development so hope to have our support and have it come back later on. Okay. Colleagues roll call vote. On item 27. Supervisor wiener. Supervisor yee. Supervisor avalos. Supervisor breed. Supervisor campos. President chiu. Supervisor cowen. Supervisor farrell. Supervisor kim. Supervisor mar. Supervisor tang. There are 11 eyes. The resolution is adopted now lets go to item 22 mr. Clerk you called this you called it. With that, i i would like to entertain a motion to go into closed session first a motion is there any Public Comment . Whether we should go into closed session oh, the imperative items. Okay. Lets mr. President , im on the roster. Supervisor kim i want to make a motion to resend the vote. Okay. Lets make a motion first to resend supervisor kim which items did you miss. I believe the on item 23 through 29 except for 27. Lets resends and revote supervisor kim has made a motion to resend well take that without objection. On items 23 through 29 a roll call vote vote. W
Hall, 416. Tue 11 18 Fidelity Investments 8 30 00 am 10 30 00 am 2. 00 tue 11 18 Fidelity Investments 8 30 00 am 10 30 00 am 2. 00 the next business is item four, matters of Unfinished Business on the september 12, 2014, item four a, approving a variation to the transbay, redevelopment plan, on site Affordable Housing requirement, as it applies to the mixed use, project at 181 freemont street, subject to approval by the board of supervisors of the city and county of San Francisco in its capacity as legislative body for the successor agencies for the San Francisco Redevelopment Agency in authorizing the acceptance of a future payment of 13. 85 million, for the use in the area, and resolution, number 802014. Madam director. Thank you, madam secretary, good morning, welcome back, commissioner and good morning, members of the public and thank you for joining us, commissioner thises item was continued from your last meeting it is a variation on the redevelopment plans, however, the staff an
You an initial report and just as a reminder to the public, this is a subcommittee that was created to, in order to directly respond to San Francisco architectural heritages recent white paper on Cultural Heritage assets and devising a way that we can, as a city but also as a commission directly respond to the recommendations outlined in that report. So with that ill turn it over to commissioners hyland and matsuda. First, thank you, president hasz, for appointing commissioner hyland and me to this subcommittee. We had our first discussion today and its really exciting that we would be able to participate in i think a very important project that would remember and recognize a lot of intangible and tangible assets that are often forgotten about. And so instead of i think starting from scratch we wanted to start with something solid, some type of foundation that we can work from, and then expand upon it. And what better way than to look at the piece of legislation that was introduced by
Hall, 416. Tue 11 18 Fidelity Investments 8 30 00 am 10 30 00 am 2. 00 tue 11 18 Fidelity Investments 8 30 00 am 10 30 00 am 2. 00 the next business is item four, matters of Unfinished Business on the september 12, 2014, item four a, approving a variation to the transbay, redevelopment plan, on site Affordable Housing requirement, as it applies to the mixed use, project at 181 freemont street, subject to approval by the board of supervisors of the city and county of San Francisco in its capacity as legislative body for the successor agencies for the San Francisco Redevelopment Agency in authorizing the acceptance of a future payment of 13. 85 million, for the use in the area, and resolution, number 802014. Madam director. Thank you, madam secretary, good morning, welcome back, commissioner and good morning, members of the public and thank you for joining us, commissioner thises item was continued from your last meeting it is a variation on the redevelopment plans, however, the staff an