80, and ten for disabled only at 50 and 11 for disabled only at 13. The unit mix would be 90 studios , five one, five twobedrooms. In addition to the Inclusive Housing for the disabled which is the kelseys founding mission, staff supports this project due to the extreme affordability levels achieved, the integrated garden design and as well as seeing all the energy and sustainability targets which was the focus of the global competition. Laying out the milestones to ensure the proposal remains fiscally viable while the project enters the entitlement phase. The proposal assumes no initial funding from the city and anticipates the use of our standard longterm ground lease we deploy routinely for Affordable Housing projects. The negotiation term of the ena is 45 months. During which the Development Team must meet the Community Outreach design, entitlements and fundraising goals as stated in the agreement. If they remain in conformance to have the opportunity to secure ground lease from the city. That ground lease will come before the board, and the mayor for approval. I will be prior to two advancing the project. The current for late 2023. If you have any questions i am a from the kelsey. Could we have the bla report please . The proposed resolution would approve an exclusive negotiating agreement between the city mercy housing for surplus City Property on grove street and van ness avenue. We are reporting on this because the negotiating agreement does set the rent for the future ground lease which is subject to board approval of 15,000 per year. Considering this to be low market rent. It is consistent with the city policy to have ground lease set in these terms. We will be reporting further on this project when it comes forward for the actual ground lease including any kind of city finance that might be added to the project. We recommend approval of this resolution. Thank you very much. If it comes back to final approval for the ground lease, at a later date, is that the term that at 15,000 . So we are being made aware of what the ground leases being proposed that we still have to prove it at a later date gulf that is correct. Okay, i happen to, two nights before this made public i happened to bump into a family that was talking about what the city was doing on behalf of the disabled community and what we could do to build more housing and more accessible housing. I was really encouraged and excited to see this announcement made public right after that. Make sure to refer them to this. Obviously it is a few years out. I think the location has been sitting there for some time. What a wonderful way to provide something for a community that is completely, almost invisible even in the Affordable Housing world, right . We have very little of the housing. I think there is one site south of market. To have this in an area on civic center that is accessible to many Different Things in transportation as well as a seat of government, i think is a im really hopeful that everything will be done to expedite this process. We appreciate the department of real estate putting this offer proposal and negotiating good faith in them mercy and kelsey coming forward with a great proposal. Hopefully we will be able to realize this very quickly. Thank you very much. Lets open this up for Public Comment. Any members of the public like to comment on item number four . Public comment is i would like to make a motion to move this to the board with a positive recommendation. Thank you very much. Madame clerk can you please call item number five. Item five, 191110. Resolution retroactively authorizing the department of Public Health to accept and expend a grant in the amount of 350,000 from the San FranciscoPublic Health foundation to participate in a program, entitled California Community reinvestment grants program, for the period of october 1, 2019, through september 30, 2021. Thank you very much. Thank you. This is a Grant Program that applies partnership with the San FranciscoPublic Health foundation a total of a twoyear grant for 650,000. 300,000 will go to the San FranciscoPublic Health foundation and grin of 50,000 to the department of Public Health. The population this will serve is the present rancheria population and in partnership with transitions clinic network. They are both here to answer any questions you might have. The source of original funding from this is in california, the adult use of marijuana act, proposition 54 passed in november of 2016. It created the program to provide local communities that were heavily impacted by the war on drugs with grants Reinvestment Program to help those communities. The funding is the cannabis and tax excised revenue. The program is building on existing partnership between the clinic network, the San Francisco department of Public Health. Who has long supported this programming. The funding will allow the department of Public Health to hire. For approximately 200 transition clinics in new and existing clients. They will recruit new patients within 12 months are released from state or federal prison through the transitions clinic behavioral care and Health Worker services. The project funding at the San FranciscoPublic Health foundation, 300,000 over two years will provide or allow the establish of the Community Advisory board rancheria wellness group. Job support such as 100dollar muni cards. As well as finding some of the admin straight of overhead. As a department we would use the three and a 50,000 to fund 1. 0 full time social worker and this would be a temporary exam position. There would also be about 1,400 for reprocessing training for those clinical social workers. 17 indirect rate. Please let us know if you have any questions or would like further information. No bla report on this . Any questions or comments by colleagues . Seeing him. Any Public Comments on . Seeing him. I would like to move this to the bar with a positive recommendation. We can take that without objections. Madame clerk any other business before us today . I would like to correct the statement that i made earlier, at the beginning of the meeting. Items acted upon today will appear on the december 10 board of supervisors meeting, not december 3. No further business. Thank you very much. We are adjourned. Hi. My name is carmen chiu, San Franciscos elected assessor. When i meet with seniors in the community, theyre thinking about the future. Some want to down size or move to a new neighborhood thats closer to family, but they also worry that making such a change will increase their property taxes. Thats why i want to share with you a property tax saving program called proposition 60. So how does this work . Prop 60 was passed in 1986 to allow seniors who are 55 years and older to keep their prop 13 value, even when they move into a new home. Under prop 13 law, property growth is limited to 2 growth a year. But when ownership changes the law requires that we reassess the value to new market value. Compared to your existing home, which was benefited from the which has benefited from the prop 13 growth limit on taxable value, the new limit on the replacement home would likely be higher. Thats where prop 60 comes in. Prop 60 recognizes that seniors on fixed income may not be able to afford higher taxes so it allows them to carryover their existing prop 13 value to their new home which means seniors can continue to pay their prop 13 tax values as if they had never moved. Remember, the prop 60 is a one time tax benefit, and the Property Value must be equal to or below around your replacement home. If you plan to purchase your new home before selling your existing home, please make sure that your new home is at the same price or cheaper than your existing home. This means that if your existing home is worth 1 million in market value, your new home must be 1 million or below. If youre looking to purchase and sell within a year, were you nur home must not be at a value that is worth more than 105 of your exist egging home. Which means if you sell your old home for 1 million, and you buy a home within one year, your new home should not be worth more than 1. 15 million. If you sell your existing home at 1 million and buy a replacement between year one and two, it should be no more than 1. 1 million. Know that your ability to participate in this Program Expires after two years. You will not be able to receive prop 60 tax benefits if you cannot make the purchase within two years. So benefit from this tax savings program, you have to apply. Just download the prop 60 form from our website and submit it to our office. For more, visit our website, for more, visit our website, we shall start with the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stand, one nation under god, with liberty and justice for a all. Item two, role call. role call . The standard rules will be applied to include Public Comment restricted to three minutes. Ill recognize commissioner cas irirkcasiado to make a statemen. Thank you to darlene for a members issues, one of our elderly members called in and said that he was having trouble finding his sister, checking on her wellbeing. Staff routed that phone call to me and we were able to fe get te Police Department and Fire Department to respond. His elderly sister was found on the floor next to her bed with a broken hip. To make a long story short, had she laid there another 24 hours, she would not be with us but she in the hospital recovering. So i want to thank staff for their attention to duty and Quick Response and the family is very, very, very pleased. But the take away that i want here is that when someone calls in and theyre worried, lets act on it all of the time like we did here because time is of the essence and her brother, the one who call in here, he was actually concerned because he didnt want to break down her door because he was afraid she would be angry if he broke down the door and went in. I assured him we wouldnt do that and the Fire Department put a ladder to the second floor and got in through an open window. So the door wasnt broken. So i want to express those sentiments and on behalf of tom milburn and his family, thank you to everyone participated and darlene, thank you for your Quick Response. That takes us to item 3, closed session and do we need Public Comment to go in . Any Public Comment regarding us going into closed session . We will not start the open Public Session again before 2 30. closed session. All those in favour, say aye. Item 4, Public Comment. Im john stenson. Im a 44year member of our engine phones. Today i would like to comment on Public Comment. I would like to comment because i think you need some reforms that need to be made. The first reform that i would like you to make is that i would like you to change your starting time from 10 0 1 30 to 2 00 p. M. I dont think you have started one meeting on time and the second one is to put an end to closeddoor meetings. A few months ago a Public Commenter said he did not like you having secret meetings and i agree with him. The third reform that you need to make is if any of our members ask you any questions about how you are investing our money, you should answer those questions. And in the past meetings, ive asked you what were the retainers ended june of 2019 and how much money you paid in Management Fees and performance fees to get those . And i also ask mr. Kocher to give a written report on large pension forms like coffers, the state of new jersey . Did he ever give you a report like that . I dont think so. Another question i would like answered is, what is your managers definition of protection . My definition is not losing any money. Please ask your Hedge Fund Manager what his definition is. Thank you. Any further Public Comment . That takes us to item 5, approval of the minutes of the october 9th meeting. Any corrections, deletions or additions . The motion to adopt the minutes is in order. All those in favour say aye. And item six, consent calendar. Any members of the board that would like removed for separate consideration . Please remove item 6d, shall not be considered until theres a change in that operation, 6d, d as in delta. Any questions . Motion to adopt is in order. To be removed. To remove it from the consent calendar, thats the own way under policy they can travel. I understand. The travel request will be canceled to begin with and therefore, no need to vote on it. Oh, your travel request . Yes. Ok, got it. Its just one item. Thank you for the clarification and does not take a motion to remov item to remova consent calendar. Got it. Any further questions, motion to adopt is in order. And seconded . You got it. All those in favour, say aye. And before we move to item 7, i will make a note to call item Public Comment . Excuse me, Public Comment, thank you. No Public Comment. If things keep going along swimmingly, i will not need to pull 10 and 11 off but that sequence will be taken out of order. Item 7. Item 7, action item. Recommendation to hire any pc as general investments consultant. Very good. Board members any pcs fiveyear tenure is coming up in june of this year is staff requested and the board approved a recommendation that we issue an rfp for general consulting services. We received two bids and we are remming to again, reup, with any pc, and they are a deeply resourced firm with more than 600 billion in aum with public Pension Plans, including many our size and larger. And allen continues to express a desire to serve for the term of our recommendation. Im going to ask kurt and anna to further walk through a recommendation and well answer any question. Ill talk a little bit about the process and then our conclusions. As bill noted, youll recall at the june 12th board meet, be they issued an rf. For Investment Service servicest was received from nep c. We formed an Evaluation Team comprised of bill, anna and myself and it included a thorough review of the submitted proposals, on site meetings and reference calls with both current and former clients. This work occurred over the past few months but was augmented by similar work confirmed by bill and me on the Retiree Healthcare trust which issued an rfp earlier in the year to which nakita and an nepc responded and they had an opportunity to present on october 16th. Its a meeting, ibelieve, most of you were able to attend. It was divided into three primary duties, total funded policy and allocations. Public markets oversight and performance measurement. And in addition, there were matters to esg and governance and why we only received two responses to our rfp, both makita and nepc were suitable. Both are well resourced with experienced staff is both developed sophisticated methods for allocation and both aligned on a variety of matters but ended the day, we give a slight edge to any pc and our recommendation is that the board retain nepc as our general investment consultant. Board members . I make a motion to adopt the recommendation. Second. And any board questions . I have one question. Why are those two firms responding . A couple of things. Well, one is there has been a lot of consolidation in the industry. The number of large Consulting Firms is probably no more than half or less than it was eight or ten years ago. Theres a variety of reasons for that. And the big one is that most of them with cambridge being the exception, their business is primarily around corporate plans and public Pension Plans who dont pay very much. Buas a result, that puts a premm on cost control. And therefore, as a result of that, synergy is a scale and so theres been a lot of consolidation. There are probably some other reasons. We do know of a couple that we did talk with a couple of firms about why they chose not to reply. Without naming the firms, can you maybe give you feedback that you heard . The two i recall that i spoke to that i thought would respond and considered responding asked questions during that phase where they can ask questions and they looked at our meeting schedule and didnt feel they could adequately commit to senior resources meet a monthly meeting schedule, two of them. Is that because of the day of the month . Because they already have other commitments . In one case, that was it. The senior consultants they wanted to assign, had relationships. They meet at those times. The other is monthly versus quarterly. Thats unusual. Thats a big commitment. And what other feedback did you receive . Another one was we own learneonlylearned about this afe fact. Our returns have been pretty good and that we were probab