>> the interest rate is going to be less than 3 percent. >> less than 2 percent? >> 3 percent. >> okay. thank you. >> thank you. i have one more question. about the parking -- why is the parking for each unit? >> why do we not have more parking? >> uh-huh. >> we have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. we may be able to gain one or two parking spots but it's usual in san francisco for public and affordable housing projects to have parking ratios that are well below one. one is the maximum allowed in san francisco according to the planning code and what will be happening in in the candlestick area a a a massive investment in in in public transportation of more. >> so the mechanism on how to determine who gets parking spaces hasn't been determined yet. there's examples in the in the city there's a lottery that's renewed every year so some people get parking assigned by lottery and foe that they have the parking spot for 12 months and also examples first come first serve basis so whoever accesses the parking space first has the spot so we haven't had those discussions yet so it hasn't been determined how parking spaces will be allocated. >> i'd like to have one parking space per unit at least i don't know how you can you can do that i mean everybody has where i live everybody has 4 cars. >> i know especially for families. >> especially the 4 bedroom and you know and we have almost 65 percent for the parking you know. >> and we can make a note of the comment and maybe make sure that within the assignment process we consider that larger units maybe have a preference but i'll have a response to that. >> is there a parking garage around. >> so what so what i wanted to add there's parking along the streets so like most city streets will have the opportunity people will have the opportunity to park along, you know, on the streets in terms of the actual garage itself the planning department likes to have fewer cars so we worked with oci and the comment from better streets to reduce that parking down to the number that we have so i think from a city-wide perspective san francisco as a whole for all kinds of housing tries to maximize public transportation opportunities and reduce the number of or minimize the number of parking spaces. >> i think parking has been an issue that we raised repeated ly. do you have a comment? >> thank you president rosales. . commissioner singh did ask is there a parking garage near by and in fact there's a very very large public parking garage built in association with the candlestick retail center of approximately 6 hundred thousand square feet that will have a very large public parking garage built several thousand spaces will be built as part of that parking garage shared use future office tower much like we have in other developments an opportunity certainly through that public parking garage. this development really is no different than any development that you have seen we are could constrained. so certainly the staff and the development team have taken that into account and will continue to take that into account to explore that balancing of parking for residents, for families, for those who choose to park -- you do need to park. >> yeah, the larger house households in particular. >> will the residents be charged for the parking spot? >> yes it will be a be a fee basis similar to the public parking garages there are several thousand spots available in mission bay we've had a good deal of experience with the former commission and this commission whether it's through rich sorro or a similar development in -- you asked us to look in mission bay in fact at potential parking ratios and really trying to balance and maximize those opportunities and this really is no different. >> i just want to -- sorry differentiate so the parking at the retail center there there will be a charge the parking within block one development will be free of charge. >> oh my gosh. how many parking spaces are there? >> 61 we hope to get up to 63. >> 61 compared to the total units is -- oh, i see. >> so i've asked i think the last time maybe we should have a conversation with mt a. i know they are doing this whole transit first thing but that doesn't work for everybody and doesn't work foreseen i for, seniors sometimes they have to pay to go on these buses and they haven't been reliable and it doesn't work for families. if you have kids, 4 kids, trekking them on a bike is not going to work and taking them on the bus to a grocery shopping does not, work and i've seen it they are starting to take parking spots our businesses suffer from that and i know there's almost like a movement around the city to force everybody to get out of their cars the last time i checked this was a free country there's a lot of people coming to san francisco say oh this is a great thing and let's remove parking spots and they end up leaving because they get tired of san francisco so we should have a serious conversation to talk about this. there's a systematic movement going on to remove parking spots and if we want our small businesses to succeed especially down 24th street and the small businesses are hiring local people so we maybe need to revisit this idea of a transit first city or redefine what it really means for real people. it's just -- it's frustrating and i've seen this for a long time happen and so i know staff you guys work very very hard and i know you get direction from us and a lot of different people just know there's some frustration on my part at least i'm not going to speak for everybody -- you guys did an incredible job when it came to asking you to make sure these unit sizes are comparable not better than affordable housing units i see that awesome job i think we really need to re-think this whole thing about parking and what happens if we all start getting electric cars so sort of diss uedes people from getting any type of electric vehicle so i'm not the only one bringing this up. the people in the people in the community i'm hearing saying wait a minute. so that's my little preaching for the moment. i'm sorry if i offended anybody but i'm just telling it like i see it. >> i have to to intervene with a question -- perhaps you can explain how the development will line up with transit plans presumably that are underway and that are interconnected. >> i can speak to that a little bit. but lenare is the master developer and doing the infrastructure work including the streets and working on those stops and so. >> i believe there's a train that stops directly in front of the housing development. >> yes, there there will be. >> as well as the extension of the 29 it will extend so that the alice residents and new residents can access that. >> at the time that a, they have moved in and b, they are ready to walk out there door? >> the coordination with m u.n. i -- certainly the environmental documents provide that m u.n. i i will be ready and there's an assessment with each phase so there there will be parity and transit opportunities for residents and as we see already on shipyard hill top the master developer is already running shuttles and they will still continue to make sure people are connected to transit and the alice griffith residents will have access to those as well not just for the market development rates for folks on hill top. >> so i'd echo those concerns if we're talking about a part of the city historically hasn't had great transit options and reliance on a car is higher so anybody living in the sunset or richard essentially can't rely on i don't think our transit system to get them around town so building new construction you have to line those things up and that coordination needs to happen i think so we can delivery on the promise to connect this area. >> the 29 is already there and it runs up and down gill man and gill man is parallel to carol so that already exists so it's a quick -- you know, you come out of the building and walk south to gill man it's not even a block away and also there is the stop on the on the m u.n. i light rail around carol and third street so there are existing -- there are existing transportation available. there there will be more and you know that's what you are asking about and that's the information that we'll get for you. that's what -- that stop right across the street -- that's an additional one so we'll make sure to know where those are and coordinate that a little better. >> okay. commission bustos. >> i think what we're forgetting when you say we're going to have these stops, i think there are families that live in bay view that live in alice griffith that are multigenerational and you have grandparents, so how do you trek a grandparent with kids running around in a bus or a light rail? it's hard. it's very difficult. i don't know how my parents did it with 6 of us but it makes it very hard so you don't even want to get on the bus so all of a sudden by default people just stay there and they don't get to enjoy the rest of the city and you know, we had a car growing up and we all had to pile in there with my grandparents and my siblings and in some cases my siblings who had kids, their kids. and we want families to come back to san francisco we have to make it so it's easy to live in san francisco you know we're already dealing with the prices of stuff that we have to deal with but once you get in, how do you live in the city and when you hear oh they got this bus line and i only see, you know, maybe a single individual or a couple willing to take that and then you have seniors that are not very comfortable going on some on some of the public transportation lines in the city and they all of a sudden don't want to go out so we need to make it easier for people to live in this city and families and particularly multigenerational families and households that we still have in the city. we're not all gone so i guess that's my whole thing. i hear you about the bus lines great. but there's places with existing bus lines where it just doesn't work and parking you know, it's like a mantra but you know, we're taking away parking and it's making it harder for people i'll just say it's making it harder for families to live in the city. >> so just to kind of close that off to what annabelle said we'll look at the assignment of parking spaces and take family size into consideration and i hear what you say about the whole broader city-wide conversation and we'll be happy to participate with you all in a broader conversation. >> thank you. do we have a question? >> my question is on the portion of lenare's contribution there's a letter of credit. what is that portion? how large is that portion? >> i'm sure jeff white -- are you asking the amount. >> yes, i believe it says a percentage it says a portion -- they are not wanting to put up the money right away, right? >> right. >> but the way they have, i guess compromised or made a solution offer with the irrevocable letter of credit. what's what's the percentage go ahead. >> the amount right now of the cost over runs -- what was in the july -- what was approved in the in the loan agreement in july estimated at 14 million. we have slightly improved cost estimates approaching that the cost over run 10 million for the 2 phases so that's the amount we're looking at right now and that would be the amount that the letter of credit would be for. >> okay. and then the other question -- i think this is for annabelle -- thank you. >> thank you. >> the relocation plan eventually with the san the the san francisco housing authority that's still in the planning stage? >> so there are certain legal requirements about relocation plans so the plan was published over a month ago and there was a 30-day public review period that ended december 9th so residents and other interested parties have the opportunity to comment on that relocation plan so all these comments will be included into the final draft -- into into the final relocation plan so all questions and responses to those suggestions and it will be presented to the san francisco housing authority on december 18th it it would be like this whole picture of the plan and comments from residents if there are any. >> how was the response do you have an idea of the response to this? i know it just ended. >> we had approximately 40 comments and those came from a variety of active different sources from tenant and and also from community entities and bay area legal aid so i would say a good portion of the comments from the residents themselves were more related to design issues instead of relocation issues so we've kind of made a comment in there that the relocation plan doesn't address design but you can hear, you know, the the opportunity center if you are interested in design the current floor plans for phases 1 and 2 and i'll provide that information once approved for phase 3. >> no one is being evicted right? nobody is being adversely affected? >> no for alice griffith residents they have a right to return they have to be in good standing so what good standing means -- and this is part of the broader city ordinance -- they can't have been evicted or in the process of being evicted and what triggers that is not paying on the rent so everybody is doing what they need to do staying in good standing so when the relocation does occur we have as many people who want to return, return. >> it looks like 2016 is the move in so this is like happening very fast. right? >> i think the planning and development has been going on for about a decade but. >> now we have a date. >> the process through ocii and city-wide resources and the cni grant from the federal government to prepare female for the move and to be ready to move and to be ready for the opportunity. >> so the parking we're talking to mta and getting all these you know more buses or you know bus lines included it just seems to be we have a couple of years to kind of get this all aligned to prepare and make it a smoother move in and not more problems and anticipate the future, better planning. >> and just to kind of give you a little information about the process we've gone through for the relocation plan -- we do have a relocation plan consultant and he's writing the plan and putting it together and we've been having 2 meetings a month with a relocation committee that is comprised of residents and the housing authority and the city and myself and different people kind of coming in when they have a chance and that's been happening since the beginning of the summer and while we've been there we've been for example talking about our design. the last meeting that we had with the relocation committee they wanted to talk to the property management staff those questions are starting to come together so whenever there's a comment related to readiness or what about moving and furniture that information is shared with the housing authority -- you are right -- there's a lot of planning that will need to occur between now and then and 2016 seems far away but it really isn't. it is around the corner and i think everybody wants to make sure that universally that this is a successful project and that means that our residents are successful. >> thank you. >> do we have any other questions? >> i have a question -- can we have someone comment on the record about the environmental -- either concerns that have been raised with respect to the candlestick stadium issue and demonstrate on the record whether or not that matter is right part of the item that's before us? >> i'd be glad to do so. a number of speakers have commented on the proposed demolition of candlestick stadium not related to the alice griffith items before you and it is unrelated. however, the entire project including the proposed items before you as wells a the demolition, there was an environmental impact report and addendums being issued available on our website and from the planning department's website and certainly under commissioners questions and items and members of the public should feel free to address the commission on those items. >> thank you. >> okay. if there are no more comments or questions by the commissioners we can take these items individually. we have item 5 b authorizing a first amendment to the permanent loan agreement with double rock ventures llc llc on that item do we have a motion? commissioner singh moves and mondejar seconds we have a motion and second. >> please call the role. >> mondejar. >> yes. >> singh. >> yes. . >> bustos. >> yes. >> rosales. >> yes. >> 4 ayes that item passes. >> item 5 e is an authorizing the first amendment to a permanent loan agreement with double rock ventures. llc. >> commissioner singh and seconded by commissioner mondejar. >> please call the roll. >> mondejar. >> yes. >> singh. >> yes. . >> bustos. >> rosales. >> yes. >> 4 ayes. >> thank you. >> item 5 f this is condition approving the schematic designs for alice griffiths block one development. i like the bricks by the way. [laughter]. we have a motion by commissioner singh. >> commissioner mondejar seconds. please call the roll. >> commissioner mondejar. >> yes. >> commissioner singh. >> yes. >> commissioner bustos. >> yes. >> chair rosales. >> yes. >> 4 ayes. >> item 5 g g to exercise an option for block 9, lot 120 located on folsom and first street the city and county of san francisco and to execute a development agreement for a proposed residential project on block 9 and adopting environmental findings. discussion and action. item 5 h the schematic designs for a proposed high density residential project located on folsom and first street. and environmental findings discussion and action. . >> madam director? >> thank you madam secretary. commissioners this item is a follow up as you know we have a rigorous work program in transbay and currently 6 developments either in construction or planning and development. five residential and one commercial you approved about a year and a half ago an exclusive negotiation agreement for this mixed income residential project. it would further the over all mixed income goal of the transbay neighborhood and certainly a vastly different site than the previous items that you saw before you. these are public parcels in the transbay area primarily along folsom street. i'd like to ask the acting project manager to present this item. >> good afternoon commissioners. first of all i apologize i apologize i have a little of a cold here i'll do my best. i'm here before you today to seek approval -- can you turn this on -- seeking approval of a disposition and development agreement and conditional approval. . the development program includes a tower and ground floor retail and town homes along clementina street. design and develop a high density mixed income project in in in the transbay project area. on on july on july 16th, 2013, after competitive selection process, the commission approved the development of block 9 with the development team led by levant housing along with essex property trust. the team included the led architect for the tower component and a small business enterprise for the low rise building. >> the project has evolved since execution and the total number of units decreased to 545 because the number of floors was decreased from 43 to 42. tmg partners and essex property trust and bridge remain. tmg partners and essex property trust together are acting as the lead development entity and changed

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