around the homeless effort in san francisco. it took about five years to get the permits for the eagle plaza, and the eagle plaza runs from harrison plaza to bernice street, where 333 starts. it was selected during five years of permits that we went through because this was a low traffic area, and it had the ability to have outdoor parties or events. our concern is this, and our request is simple. we'd like to have eight weeks of time to be participating with you in the parameters of the sale and the decisions that happen and the things that we think are important, too. there are a few factors that we're concerned about. one is the city has never brought in 200 families together in one building. the largest they've done is about 50 families. this is the first project of its size. there hasn't seemed to be any studies around what the kbhakts are to children if there are some issues with the large exploit -- impacts are to children if there are some issues with the large exploitation of families in the area. if we could have some time to discuss this with you, we'd greatly appreciate it. >> clerk: thank you so much for your comments. mr. atkins, next speaker, please. >> good day. my name is [indiscernible] and i'm a member of the filipino neighborhood. i work with the most vulnerable families and individuals in soma every day. those families that are experiencing homelessness, unhoused families, low-income, immigrant, bipoc, seniors, and people with disabilities, and i witness their struggle every day to find housing. there are families of four that live in s.r.o.s, there are families with newborn babies that are in the streets. there are families of five that live in a garage. this is just not enough housing in the city. that is why this building for families is so needed. families deserve to have access to permanent housing and have the opportunity to live and grow in a safe environment. that is why i am calling to support the acquisition of 333 12 street and convert it into housing for homeless families. families in the community really need this. thank you. >> clerk: thank you so much for your comments. mr. atkins, next speaker, please. >> hello. good morning. good afternoon everybody here on the board [indiscernible] i also want to say [indiscernible]. >> clerk: sorry to cut you off, but we are timing each speaker, two minutes. mr. atkins, next speaker, please. >> good afternoon, supervisors. my name is dale seymour. i am really busy. i was not going to call, because there's so much happiness and celebration, but i just want to talk about the process. you know, department of real estate, department of h.s.h., this is like a vehicle. we are the engine. we're allowing you to be the transmission. we got the engine started, but we need you to put it in gear. [indiscernible] i'm so glad to see this moving along. h.s.h. has done a phenomenal job of acquiring real estate lately, something that none of the other administrations have ever done. i heard the day wf you voted to give $20 million to -- the day where you voted to give $20 million to cut down these trees with no units of housing. [indiscernible] i see it in the tenderloin all day long. it's not time for us to talk about land values and housing and the markets next year. thank you for this thing. >> clerk: thank you. next speaker, please. >> children and their parents cannot be left in shelter or tents or living in cars. san francisco can do better than that for our families and children. we look forward to seeing families move in and thrive. thank you, h.s.h., for securing this site and providing homes for our families. >> clerk: thank you for your comments. mr. atkins, next speaker, please. >> hello. i'm archbishop king with [indiscernible] and the coalition on homeless. i'm calling in to stay that i'm thrilled with the acquisition of housing. i'm concerned with the population decrease, particularly people of color [indiscernible] let their paychecks come back to go into the coffers of this city. thank you very much. >> clerk: thank you for your comments. mr. atkins, next speaker, please. >> hello? >> clerk: we can hear you. please begin. >> hello? hello? >> clerk: hello. we can hear you. please begin. perhaps we lost that caller, mr. atkins. >> hello? >> clerk: yes. >> can you hear me? >> clerk: please begin. >> okay. so my name is miguel cabrera, and i work in the department of childrens [indiscernible] so i really want to push you to purchase this building 333 because it's really helping our families to move into [indiscernible] because we have so many people outside, and they need to move into housing [indiscernible] and see how we can ending the homelessness. so thank you so much, and thank you, the supervisors, for being and working in this process, and i really want to support this acquisition moving into housing. thank you. >> clerk: thank you for your comments. mr. atkins, next speaker, please. >> hello. can you hear me? >> clerk: yes, we can. >> hi. my name is sun bear jackson, and i am in favor of this because i'm just going to tell you a quick story about when you lived in the knox -- when i lived in the knox hotel with my son. when he came school, he said, daddy, my friends don't have homes that have roaches. it just really hit me. i can't stress you how much having a place to live has done for my family and my son's confidence, and i fully support this. thank you very much. >> clerk: thank you fore your comments, sun bear jackson. mr. atkins, next speaker, please. >> hi. my name is ian james. i work at the coalition on homelessness, and i worked with a lot of families who live in s.r.o.s and on the streets. i am calling on the committee to work on housing that is available now? we know that children who experience homeless have increased risk of health problems, more likely to experience separations and have lower academic performances in school, and this can be alleviated with the purchase of this property. >> clerk: thank you for your comments. mr. atkins, next speaker, please. >> hello. my name is bob goldfarb, and i'm president of the friends of eagle plaza, and we're very pleased with this project and helping the needs of the homeless families in the city. the friends of eagle plaza would like to make sure this integrates successfully with the neighborhood and is positively involved. many events that we host are lgbtq and adult themed, and we would like to avoid conflict with this incoming family centric project. we feel that a building contact should be made available to neighbors and that an appropriate level of services and serving be provided. were you to amend the legislation to work with nearby neighbors, users and residents of eagle plaza to ensure success for the long-term. we are looking forward to this project and looking forward to its long-term success. thank you. >> clerk: thank you, bob goldfarb, for your comments. mr. at minutes, next speaker, please. >> good afternoon. my name is adam, and i'm calling in support. i'd ask the committee to consider the needs of the people who will live in the building first and please do not delay. >> clerk: thank you so much for your comments. mr. atkins, next speaker, please. >> hello. my name is clarisse. i'm a long-term resident of san francisco, and i know how difficult it is to find housing and so i really support the acquisition of 333 12 street. thank you. >> clerk: as of now, we have 16 people listening and four people in the queue. mr. atkins, next speaker, please. >> good afternoon, chair ronen and supervisors. this is [indiscernible] compass served over 5800 people and nearly 2800 homeless families last year. i'm so excited to hear the public's support of the purchase. this could house over 200 families in our system. [indiscernible] thank you very much for your support, and i urge you to approve the project as soon as possible. >> clerk: thank you very much for your comments. mr. atkins, next speaker, please. >> thank you, chair and committee members, and thank you to everyone from h.s.h. who has worked on this proposal. my name is eliana binder, and i'm the project manager for glide. glide is one of the original sponsors of prop c. the our city, our home recommended we take these prop c funds to acquire and develop permanent supportive housing, and this was the sentiment expressed at community housing outreach last year. [indiscernible] of which mayor breed is a steering committee member. permanent supportive housing allows members of the community to access services, and further, the city pays less to house somebody than it is to care for somebody in the system or pay for a bed. as others have mentioned, it's especially exciting that 333 12 street will have families, a population desperately in need of more permanent supportive housing. this ak -- acquisition is achievable, and we thank you for your time. >> clerk: mr. atkins, do we have any further callers in the queue? >> good afternoon, supervisors. my name is greg, and i live and work one block away from the city gardens property, and i strongly oppose this acquisition. the full impact of this change to our community is not known, but i've heard from small business owners in the area that they're experiencing the negative effects already. how much of the city must be relegated to the same fate? the city operates thousands of affordable housing units at what success? there is none. though we may wish otherwise, the reality is this facility is not suitable for families with children. it's sandwiched between an entertainment district and a bar and a club on the other. with we have multiple events that would expose children to nudity just by looking out their windows. we need new ideas, new policies, and new approaches to get families and individuals out of homelessness and positive. what we have creates instead is an endless cycle of subsidies that keep people homeless and addicted. we do not need more of the same, and i strongly oppose this measure. >> clerk: thank you for your comments. mr. atkins, are there anymore callers? >> hi. my name is david hyman, and i'm on the board of the leather and lgbt cultural district, and i welcome the families to the neighborhood. i do not feel there's been adequate planning for this major project. is there a new budget allocation for the vast amount of needed supportive services? has there been planning to mitigate traffic and other issues and supportive measures? what about the members of the lgbtq community who call eagle plaza home. i ask to defer this project for approximately eight weeks to allow for more public outreach and response. for now, the need for family housing is real and important, and i rejoice in the city's commitment to addressing it. thank you. >> clerk: thank you for your comments. mr. atkins, do we have any more callers? >> hi. this is [indiscernible] evans. i was a proponent of prop c, and i'm very excited to see the deployment of the prop c dollars to finally get to this point where we're seeing tremendous new investments in our permanent supportive housing. i'm really excited for the opportunity that this building specifically creates. it is a building that is new construction. i've been inside. it has, you know, rooms that i can see families being very happy and very successful in, having private baths, having private kitchens, and also having these units that have multiple doors for families with young kids, as well as what we call street families, folks that are three or four people that have lived together all their lives and would like to continue to be together, and i urge you to support this project. >> clerk: thank you for your comments. mr. atkins, do we have any further callers in the queue? >> operator: mr. clerk, we have no further callers in the queue. >> chair ronen: thank you. public comment is closed. i would like to make the most enthusiastic motion one can make to approve this item -- i mean, to send this item to the full board with recommendation. if we could have a roll call vote. >> clerk: yes. on that motion to forward this resolution to the full board with a positive recommendation -- [roll call] >> clerk: we have three ayes. >> chair ronen: thank you so much. the motion passes unanimously. thank you, everyone. thank you. so exciting. mr. clerk, can you please call item 10? >> clerk: yes. item 10 is a resolution authorizing the issuance and delivery of alternate credit facilities to support the outstanding city and county of san francisco finance corporation lease revenue refunding bonds, series 2008-1, moscone center expansion project and city and county of san francisco finance corporation lease revenue refunding bonds, series 2008-2, moscone center expansion project, approving the form of a first supplement to trust agreement, the form of a first amendment to project lease, the forms of the reimbursement agreements among the city and county of san francisco, the city and county of san francisco finance corporation, and one or more credit providers, the forms of the fee agreements, the form of a remarketing supplement, the forms of the remarketing agreements, the forms of the custodian agreements and certain other related financing documents, approving modifications to said documents, and taking the necessary actions in connection there with. members of the public who would like to make public comment, dial 415-655-0001, meeting i.d. 2487-879-8094, then press pound and pound again. when prompted, enter star, three to enter the queue and wait until the system indicates you have been unmuted before you begin your comments. >> chair ronen: thank you. may we have the presentation, please. >> great. thank you so much for hearing this item this afternoon. i'll give you a brief overview on the bonds and what we're doing here. the issue of lease revenue bonds was first approved in 1993, and then, lease revenue bonds were issued in 2000, and then, they were refunded in 2008. these bonds are somewhat unique in the city's debt portfolio. they get remarketed every week with a new interest rate -- at least -- and then interest on the bonds gets paid monthly to the bond holders. 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