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At the [inaudible] we get a meeting of the meend and consensus and know if we have a physical project or not. So, what do we do about the lost revenue sh . Remember we are getting the fair market value of this site, so the parking in a way is like a icing on the cake. It is based on the consent the Available Development the city will have housing and retail. The parking isnt factored into that fair market value. If we get parking in that is addition. We wont lose moneyism we wont collect rent anymore because they pay the present value of the fair market value of that site. Thank you. Thank you. Good job ricky, great presentation. Clearly Due Diligence is done and agree with my fellow commissioners and thank you for coming out today and explaining everything to us. Thank you very much. Madam secretary, next item, item 11, new business, during the conversation i heard we should come back and present how staff allocated port wide and specifically if we can tie it to areas in the Strategic
Of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda item unless the Port Commission adopts a shorter period on any item. Item 5, Public Comment on items not listed on thugenda. I dont have cards. Is there Public Comment on anything not on the agenda . 6 a, executive directors report good afternoon president adams and prez dependent adams. Im elaine forbes. My 1st report is a innovative project under development being spearheaded by tom esher of the red and white flee
Those around me madam secretary, call the roll, and commissioner willie adams, here. Brandon, here. Katz, here; approval of minutes for july 12, 2016 meeting. All in favor say aye. Next item. Pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. Announcement of prohibition of sound producing Electronic Devices during the meeting please be advised that the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any personnss responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. Announcement of time allotment for Public Comments please be advised that a member of the public has up to three minutes to make pertinent Public Comments on each agenda i
Port wide and specifically if we can tie it to areas in the Strategic Plan that will be helpful so well bring that to the commission. I also heard request for update on the quinn street lead project which we will do as we move in the project and hopefully it isnt for request for more funding. Any other new business . I would like a update on the Maritime Department on the expenses and budget and what they are working on and get back to the commission and then one other thing too. I think commissioner who requestedi know you are work wg david chew about the ferries and update so can we get more information on that . Colleagues, if there is no other business, we will adjourn in the memory of june osterburg, all in favor say aye. Opposed. 5 55, we are adjourned. [meeting adjourned] good afternoon, party people. Want to welcome you back to San Francisco employment retirement system. I hope you are excited to be here, as i am. Im malia cohen, the newly reelected body. Iment to introduce bri