good afternoon, welcome to the may 17 board of supervisors. [roll call taken] mr. president, you have a quorum. thank you so much, madam clerk. entertain a motion to excuse supervisor mandelman from today s meeting made by supervisor stefani, and seconded. madam clerk on the motion. clerk: to excuse supervisor mandelman from the meeting today. [roll call vote taken] there are ten aye. thank you, motion to excuse supervisor mandelman from the may 17, 2022 meeting is approved. the san francisco board of supervisors acknowledges that we are on the unseated ancestral homeland, original inhabitants of the san francisco peninsula. as the indigenous stewards of this land, and in accordance with their traditions, they have never ceded, lost, as caretakers of this place as well as for all peoples who reside in their traditional territory. as guest we recognize we benefit from living and working on their traditional homeland. we wish to pay our respects by acknowledging the anc
mr. president, you have a quorum. thank you so much, madam clerk. entertain a motion to excuse supervisor mandelman from today s meeting made by supervisor stefani, and seconded. madam clerk on the motion. clerk: to excuse supervisor mandelman from the meeting today. [roll call vote taken] there are ten aye. thank you, motion to excuse supervisor mandelman from the may 17, 2022 meeting is approved. the san francisco board of supervisors acknowledges that we are on the unseated ancestral homeland, original inhabitants of the san francisco peninsula. as the indigenous stewards of this land, and in accordance with their traditions, they have never ceded, lost, as caretakers of this place as well as for all peoples who reside in their traditional territory. as guest we recognize we benefit from living and working on their traditional homeland. we wish to pay our respects by acknowledging the ancestors, elders and relatives of the community, and by affirming the sovereign ri
good afternoon, welcome to the may 17 board of supervisors. [roll call taken] mr. president, you have a quorum. thank you so much, madam clerk. entertain a motion to excuse supervisor mandelman from today s meeting made by supervisor stefani, and seconded. madam clerk on the motion. clerk: to excuse supervisor mandelman from the meeting today. [roll call vote taken] there are ten aye. thank you, motion to excuse supervisor mandelman from the may 17, 2022 meeting is approved. the san francisco board of supervisors acknowledges that we are on the unseated ancestral homeland, original inhabitants of the san francisco peninsula. as the indigenous stewards of this land, and in accordance with their traditions, they have never ceded, lost, as caretakers of this place as well as for all peoples who reside in their traditional territory. as guest we recognize we benefit from living and working on their traditional homeland. we wish to pay our respects by acknowledging the an
Up with what is the percentage decline in the rent. Once we have the percentage decline in the rent, we multiply that to the total rent value, what we estimate, given the data, vendor which we used there to look at all the parcels around the city. And figure out what is the total what was the assumed per Square Footage for Residential Office retail and p. D. R. . I believe about, total citywide was i believe 107 million, office space not how many square foot, what did you value it per square foot for rent. Yeah, rent is, i believe, if my memory serves me right, about 67, 63 to 64 for the office space per square feet, and if i believe its for retail, about 30. And for p. D. R. , around 10. So, i can get you those numbers exact, thats the range we are talking about. And what was the assumed value for the market rate residential . Market rate, using an average of these based on the 700, average 749 square foot area, 800,000 per unit market unit. 800,000 rent, total across the city and the
20 . Under this d. D. A. , its 18 . But the developer does get more participation in project revenues and that is on page 19 of the report. In terms of sort of the project financing, Public Financing for the horizontal infrastructure, the developer under the d. D. A. Will construct the infrastructure. Funding sources are shown on page 14 of our report. The sources and uses are estimated to be about 700 million, thats in current dollar value. The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say the