Annual rent would be established by a formula in the term sheet and based on industrial up land land. We are projecting that value is between 50 a square foot and 75 a square foot. And that would generate 583,000 rent to the port and on the high end 872,000 to the port which would be indexed there after. One of the major Public Benefits we sought in this negotiation with at t is port option to buy the ho down yard and near the pier 70 site. Its adjacent to the pier 70 site. Using this appraisal depending whether its on the low or high end our option to buy it would be 6. 5 million on the low end and 8. Nine on the high end. There is a comparison to the term sheet and negotiation agreement that we often super for agreements like this and under that agreement at t would reimburse the city for port staff and City Attorney costs. This is the ho down yard. Its the two parcels on the top left of the screen is separated by michigan street and on port property. On the left side of the parcels
Of transmission lines that come up from the peninsula through the po tearo power plant and connect to the embarcadero substation that provide power to downtown. At t has proposed a new 230kv transmission line to provide redundant transmission line to the embarcadero sub station. At t and port staff have collectively communicated with the mayors office, the San Francisco Public Utilities commission and the city administrator about the project. The city administrator was charged by then city administrator ed lee to look at these types of risks to the city in the event of a major seismic event and how we protect against them and weighed in favor of the project. At t is looking at a number of proposed route s. One proposed route if approved by the california Public Utilities commission would involve submerged port property. This is a map showing the potential routes between portero substation and embarcadero substation. You see the submerged route in blue and enter the bay north of pier 30
Comments on this item . I do, actually. So again, my name is erica and im the coordinate of c pack. I want to speak on behalf of the c pack on behalf of the sandys recommendation. Sandy is being considered under the discretionary category and have the executive director of one of San Franciscos resource and refer process is critical. She makes informed decisions and served excuse me, children counsel serves families across all districts and not just district 7, but all across the country. She brings a voice that serves families across the city. Shes a leader and one of our most active leader. She mentioned being the chair of our childrens fun and piece Ad Hoc Committee that worked for month and months recommending recommendations and advocating for those priorities. In addition, due to a change in our previous chair schedule, she also chairs our budget and legislative committee. To be honest, i have no idea in addition to being the council, shes more of the most active members. On beha
For over 30 years and so its these seats are knowing what c pack does is crucial to continuing to look at what the needs are in the Early Education for zero to five. Its one of those its being to get recognition and beginning to for people to understand the importance of it, but theres still in many ways, that field has gone beyond the infant stage, but theyre pretty much in the toddler stage when its compared with other type of services that are crucial to our residents in San Francisco. And to have rosalind step up at this point is crucial. To have that parent voice in there, a lot of times when we make decisions, we forget what parents really want and what maria torres who was in that role before, it was heard in what parents want and i think rosalind can fill her shoes for that. With sandy, since this would be a seat that im appointing to, i would be very, very fussy about and critical of who i would like to see represent my seat on cpack and for somebody like sandy who is so well
Continue is establishing the small price programs and strengthening the programs and we want have one property but we want to continue and get into that momentum and assisting non profits and insuring that they could possibly own their own property in the future. Thank you for your consideration. Next up is ellen alono. Good afternoon, supervisors. I had to take a deep breath. Sorry. I he wore a new shirt for you guys. Were honored. Excuse the shuffled look right now. My name is allen and first of all, thank you for this opportunity to speak before you. Im a cac member representing the Community Base organizations south of market. Ive been on the Stabilization Fund cac for three and a half years now, so ill confess, it was a learning curve for me, but now ive been seated and i feel my time on the cac, i feel that ive really helped ive learned so much and i feel that i can help the community by continuing my participation in the cac. Ive been living in San Francisco for a total of 28 ye