Thank you, are there any other members of the public for general Public Comment . Seeing none, Public Comment is closed and we are adjourned. [gavel] good afternoon everyone and welcome to the San Francisco board of supervisors meeting for tuesday, april 25, 2017. Mdm. Clerk please call roll call thank you read present, cohen, present, farrell, present, fewer present, kim, present, paskinjordan present, ronen present, safai present, genji present, tang present, yee present. Mme. Pres. All members are present. Thank you ladies and gentlemen please join us for the pledge of allegiance. [pledge of allegiance] b thank you everyone. Mme. Clerk any communications . I have none to report colleagues any changes to the march 14, 2017 Meeting Minutes . Seeing none, is there a motion to approve those minutes . Moved by supervisor farrell. Seconded by supervisor tran view. Colleagues can we take that without objection . Without objection those Meeting Minutes will be passed after Public Comments.
so item d, adjourn. yeah. move some of those forward now. some of them have been completed. the settlement agreement is actually a land sale as well. there are a few others that we have been talking about, the mountain view project. some others that come apart in the mountain view crisis, which we are trying to revive. i d like to put in another request. i would like the commission to be aware of the fair market value of these properties. absolutely. where we have appraisals that are up to date, we would be glad to provide those to you. thank you. commissioners, and the other questions on communications? there was some correspondence from steve lawrence and i would be happy to respond to those, if you would like. the first one was a discussion about somewhat confusing, but about $1.5 million to the america s cup. we are not providing a subsidy there in any way, shape, or form. it would be provided to the port and a tenant of the port at pier 70, when they get addi
about complete. we are moving on to park development. there will be a process of acceptance through the city, working with your staff. the balance of the shipyard development, we are relying on tax increments. $7 billion in incremental tax sources. the same can be said for mission bay. the same four components of trans bag, the different, as we re working with caltrans. we need to step through the process the state has laid out to make sure they agree with our interpretation. i will add that for those major legacy projects, the board also conferred upon this oversight board, which was required to create certain land use development permitting plan design authorities for those major projects, mission bay, trans bay, hunters point. in terms of implementing cooperative agreements that we have in place with you, the terms and conditions on the oversight board will put on its land use hat. the oversight board also has a fiduciary at to the holders of those obligations, the bondhol
those will continue under the office of economic workforce development. skipping to what it means for you, hunters point shipyard phase one does not rely on any kind of tax increment. it was all private developer equity. we have entered into agreements there. i will wrap up. that work is ongoing. infrastructure work is just about complete. we are moving on to park development. there will be a process of acceptance through the city, working with your staff. the balance of the shipyard development, we are relying on tax increments. $7 billion in incremental tax sources. the same can be said for mission bay. the same four components of trans bag, the different, as we re working with caltrans. we need to step through the process the state has laid out to make sure they agree with our interpretation. i will add that for those major legacy projects, the board also conferred upon this oversight board, which was required to create certain land use development permitting plan design a