has been waiting six months to get approved for opening up a cafe. i talk to supervisor wiener because i'm not in planning. it's about cleaning and improving public space for the cbd, but since we're visible, people ask us, the air smells bad, what can you do about it. i get stopped so bad that my family won't walk with me on 24th street because we don't get to get far. speaker: actually this is a general question. speaker: sure. speaker: for both the cbd, i know that both of the cbd sort of mentions that you're forming to include the quality of life and some of the things that you do there could be evidence that it's improving equality of life, i've always been curious because -- how do you know people feel like the quality of life has improved? speaker: how do i know? speaker: yeah. speaker: i honestly don't know as far as residents or community members. i don't know if they feel that way. but the property owners who pay for these improvements and we sent out a survey and they were satisfied. if you asked the man on the street, i think they would be happy with the bench and the plants and all the beautiful things you get to look at. my biggest job is i advocate for that street. i advocate for that neighborhood. when the property owner who owns what is now -- they want to put in molly's stone, i said we need a real foods. that building has been empty for ten years and he got them to move on that and together we organized a community meeting on january 22nd where over 100 people came and wanted to see what the plans were. you know noe, it's an active neighborhood. they're very involved, but i think they're happy with what we've done to date. thank you for your time. speaker: i wonder as an office with the cbd's, we could actually support their effort to maybe survey residents to ask this question. how do you feel about this business corridor or this corridor. i never could tell whether people that actually live there feel like we're hitting the points or market as far as quality issues. speaker: my predecessor lisa who run the study for years. she took a study to look at the real and the perceived improvement in quality of life, so in her study she found that both crime was down and the perspective or perception of crime was addressed in that time period. in addition to cleanly ness, we noted that cbd's were generally cleaner in those commercial districts in comparison to non cbd neighborhoods. we can share that report for you, but we plan to do that for the 2015 timeframe as well. speaker: any other questions. any comment comment. seeing no public comment. public comment is closed. supervisors, any thoughts? somebody like to move this. speaker: so moved. speaker: no objection, this passes. speaker: madam clerk, item number 3. speaker: resolution receiving and approving annual reports for the castro/upper market community benefit district fys 2009-2013, submitted as required by the property and business improvement district law of 1994 section 36650, and the district's management agreement with the city, section 3.4. speaker: good afternoon, supervisors. chrissy, oewd, senior project man -- manager. i'm going to -- the presentation is similar, so i'm going to skip over some of the slides we have already shared with respect to the legislative overview. we were reviewing the cbd for fiscal years from 2009-2013 so we'll take fiscal 2014-15 in front of you shortly. below is a partial map of the cbd. they were formed back in 2005 and they're planning to expire in 20 -- in terms of operations, we have andrea, the executive director of the market cbd. they too already have the service areas of public walks of way and district identity and street scape avenue and corporate operations. again, the bench marks we overview, i'll go into them in further detail in the following slides. with respect to the management plan to annual budget, the cbd performed well in this bunch mark. the only year where we saw a variance was in fiscal year 2009, 2010. in terms of assessment revenue and fundraising for non assessment revenue, cbc met this requirement with exception in 2010 and 2011 and they were shy by 1.7%. in terms of budget to actuals, the cbd has performed well in this respect. in 2009-10, the various points for public rights of away was greater than 10% and this was explained by grants they received in that fiscal year and in the same in 12-13, it was shy of point 7 percent on that mark. in terms of carry over, the cbd has designated all these projects. they carry over a six month reserve and that's why you see a significant amount for the cbd. additionally, the cbd was successful in getting street improvement work and -- in terms of recommendations for the cash market cbd. we would like to encourage them to ensure their annual budget is reasonably aligned with their original budget outlined in the management plan and similar to noe valley, to make sure -- by the local law. in particular, insuring the total carry amount is identified in the break down of those funds are identified in the actual annual report. i'm going to be bringing up the cash market cbd to go over the program that they've celebrated. speaker: i'm andrea and i'm the executive dreblther for -- executive director for the market. i'll go over our presentation. that's our map as you can see where it's a large district where 18 blocks, we go from castro and 19th all the way down to market and octavia street plus side streets including the safe way and behind safe way church street between debosen, so it's a large district. our assessment budget is running around $45,000 and we get a lot of grants from the city and private fundraising that increases the size of our budget. we have four active or standing committees, executive committee and finance committee, a district street scape committee and a service committee. the members are board members, although our bi-laws allows for non board members to be on the committee as volunteers. voting volunteers. the organization is that we partner with the castro merchants. the neighborhood associations which are very active in the castro market area, castro eureka valley neighborhood and the duboce neighborhood association and the castro after dark and most holy redeemer catholic church and saint francis lutheran and safe way. we have support grant which we predominantly use to help stimulate business during the sidewalk widening process, and so we had -- we partnered with the merchants on this project and we had advertisements, paid advertisements on muni and some of the bart stations, so it's about the underground and on the light rail vehicles. it was a shop in the castro type of campaign during the construction. we had a grant from oewd to help us pay for the lad lights. those lights are led lights, they're up on top of the new light poles on castro street and they change color and they can be programmed to different light shows and so this grant offset our cost. the total cost for those was $74,000 and we got $25,000 from the city to help pay for that. and then we still have an ongoing retail strategy grant on oewd. the first two grants have been completed so the retail strategy grant is partially helps pay for this project. the rest of the funding is provided which -- from all the local partner organizations that were listed earlier and the developers on market street. the overall goal of this project is to try to bring forward and develop a very strong and vital retail environment in the upper market castro. this project was developed out of concern before the vacancy rate and especially since there was a lot more empty spaces built on market speaker: no further business before the committee. this meeting is now adjourn. thank you very much. ♪ ? an incredible program because we take regular kids teach them the love of the game. we have no emphasis on winning we only have an emphasis on learning and trying as hard as they can that's it and the chips fall where they may. when students leave our program whether or not adults or kids they'll have a mechanical understanding of what they have. you don't have to be 7 feet tall or be super faster but you do need skwil. once you teach kids how to have control over the tennis courts they'll master. please invest >> i'd like to call the meeting to order thank you everyone fewer patience i was waiting for a full house roll call please. commissioner makras commissioner cohen commissioner bridges commissioner driscoll commissioner melberger commissioner paskin-jordan mr. stansburg would you state your name is present. >> thank you. please join me in the pledge of allegiance and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. >> item number one is public comment i have a lot of cards for item number 4 those of you who are here for item 4 which will be heard in just a minute speak pertaining to the item this is items not on the agenda for today do we have any speakers? >> i'm sorry for - i'm having trouble our microphone is not working well. >> number one is. for items not on the claurd if you're here for item number 4 that will be up in a few minutes >> we were told we could. >> we can talk about anything we want to talk about so public comment we'll talk about the hedge funds or anything else. >> i'll open up for public comment (laughter). >> your first. >> my name is john i'm a 40 year members of the retirement fund this issue is punt u prejudicial tilt i was here for 15 minutes to one i don't think i've ever in this year as the muni new supervisors i was not late for one meeting when people come later and later and later so we go to a lot of functions that's part of their culture not german or english culture but b be here and start on time the next thing commissioner melberger brought to my at the time of the accident when i made the comment by mr. herb and he mentioned i said that i do building i'm not going to say every hedge fund every time i've read the new york state wherever anybody is going to jail it's from the hedge funds (laughter) i'm very concerned about our consultant the ceo of age let me see consultant company what kind of people come out of the cameraman islands they don't pay taxes and don't know what anyone is doing i'll say most people from the khamenei islands with the hedge funds awhile i'm here i'll talk about hedge funds the reason i think you shouldn't get involved in hedge funds let's go by the august hedge funds in the country there are been hedge funds for 12 years and devested themselves of hedge funds the reason. >> 30 seconds. >> for the past 10 years 4.8 percent and last year, we paid $185 million for the hedge funds manages so what makes you think, in fact, i'll for anyone who shows any differences of the calculation you'll average them between less than 5 percent thank you. >> thank you. >> we're using 3 minutes for speakers today. >> morning i need clarification on whether or not i ask talk about the agenda item now the agenda does not reflect. >> do it patrick. >> what. >> i'm patrick. >> welcome. >> i'm here as a private citizen as always i'd appreciate if those packet were handed out this board and it's chief executive officer how are they smarter than warren buffett he's warned against hedge fund and the pension plan for the board whose clients are beneficiaries rejected investment you have a fiduciary and legal and ethnic obligation to back off the results of the line surveys i was asked of the plan beneficiaries so that monk seven hundred plus survey responders 95 percent are not in favor of the investments in the hedge funds and 82 plus buildings the pensions so not invest in the hedge funds and when asked what amount they might feel comfortable with in addition the survey revealed 87 p.s. .5 percent don't believe hedge funds are risk reserve than stock who are they trying to fool and if there's a stock market decline 82 percent building that sf dr s should be restricted from vvl in hedge funds and 89 percent building the city should a restrictions for vvl in hedge fund and 96 percent building the board should ask about the deinvestment of hedge funds to go off to cal teachers union to investigate infrastructure you should visit cal ferries and talk about the hedge funds 94 percent are not prepared to see their member contributions 25rdz future retirement increase in hedge funds fail and

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