So, theres 450,000 cap for his outofpocket expenses. Theres an allowance of up to 1. 5 million for construction escalation costs. So, thats basically the fact that if to the extent that if he were to go out today and build his approved project, that same project may be more expensive in the future just because of the cost of inflation. So, were agreeing to hold him to keep him whole in that regard up to a cap of 1. 5 million. There is also a cost he will incur once were done with the site. What well do is go in, demolish the building, excavate and build our shaft. Well remove the tunnel Boring Machines, and then well leave. What we will leave him with is removing the top portion of our shaft and backfilling some of that space and weve provided an allowance of up to 400,000 for that activity to get him back to a place where he he can then advance his project. So, the sum total of those is 3. 15 million. That again is an upper limit. The 400,000 per year is fixed. The balance are allowan
So, that i think summarizes what we have before you. I just want to thank the many staff and the mayor and the board president for their work to get this done, and happy to take questions either now or after public comment. We can certainly ask members of the public to come forward at this point. Do we have some names . Yes, for item 11 greg gi ber, howard wong [speaker not understood]. Those are the first three. Good afternoon, sir. Good afternoon. Thank you for allowing me to speak here. Just now and again at the january Public Meeting on north beach, director reiskin assured us that this boring site, this would only be for the removal of the tunnel Boring Machines. With that restriction, i support this project, but really only as the better of two not so attractive options. I dont think its particularly difficult for one to figure out that the economics of taking this thing out of north beach versus the more traditional methods of backing the machine out, bearing, cutting the heads
Mark gruberg followed by [speaker not understood] zamud. Mr. Gruberg. Again, to continue and conclude along the lines i was speaking of before, despite the fact that the cpuc has a rule making proceeding going on, you still have jurisdiction over people who are providing illegal services in San Francisco that are, you know, the equivalent of taxi services. If you didnt have that jurisdiction, you couldnt stop somebody in their private car who was picking up on the street either. So, all the drivers in these companies which are violating the law, the drivers themselves are also violating the law. And im not suggesting that, you know, a 5,000 citation. I think it might be nice to start issuing some warnings to them and, you know, give them a few weeks to get their act in order and then start issuing some citations. I think this is completely within the realm and scope of your authority to do. I think in the Public Interest you should do it. And i hope you will. The other thing i wanted t
So, thats the item before you. As the board president referenced, there have been various concerns by various members of the community, surrounding various aspects about this. I think theres one category of folks who have consistently not supported the general project and theyve raised a number of concerns that we have been able to address in writing and i sent you a copy of that last wednesday night. There are i think some very legitimate concerns of the immediately abutting Property Owners. Now that were not on the public rightofway, the impact, construction impact to the great majority of north beach residents and merchants is very, very small, but the people who are directly abutting the site, you know, they will be abutting a construction site, as it would have been whether or not we came there presuming this project would go forward, but they will additionally have the impacts of our project. Well be working closely with them, with the office of economic and Work Force Developmen
That we have our federal environmental clearance. Weve been working with them all through this process. Theyve been at the table from the start. So, we expect to be able to secure that. And then with the final action of the board of supervisors once that special use district goes into law, well be able to move forward with the demolition of the building starting within the next couple of months so that we can keep our original timeline, which youll recall that was to have the shaft built in time for the tunnel Boring Machines which are set to arrive about 12 to 15 months from now in north beach. So, that i think summarizes what we have before you. I just want to thank the many staff and the mayor and the board president for their work to get this done, and happy to take questions either now or after public comment. We can certainly ask members of the public to come forward at this point. Do we have some names . Yes, for item 11 greg gi ber, howard wong [speaker not understood]. Those a