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Staff recommends that the commission make a specified findings to approve this project. Thank you. Im available for any questions you might have. Thank you. Project sponsor, please. Good afternoon, commissioners. Thank you very much for allowing us to present this afternoon. My name is bob tanedler. It is my pleasure to be before you to introduce the tehama [speaker not understood]. Architect our Landscape Architect from cmg Landscape Architecture, Isabelle Wade has helped us plan our plaza and open space integration. Brad paul has helped drive our Community Outreach. Wane hu has helped us understand the economic benefits of the project to the city and county of San Francisco. Sam louder has acted a ....
Just back to this question on value. So, the port land, the city is going to pay the port, are we going to pay out of the remainder of the impact fees . No. Where is that funding going to can you have from . Thats part of the conversation [speaker not understood] wants to speak about this. Thanks. If i may, pam drew from the office of economic and work force development. So, just to clarify, the purpose of the park purchase is actually a mechanism under state law. It currently is subject to the public trust and in order to remove the trust under senate bill 815, we need to provide the port with fair market value. Were confident, because the appraisal instructions require the appraiser to appraise the parcel with open space. And as a park, that the value of that appraisal will come back relatively low. The port is being very flexible, agreeing to accept payment over time and other you dont expect the payment to be much. The park builds open space on trust land already. They do. There wa ....
The port is being very flexible, agreeing to accept payment over time and other you dont expect the payment to be much. The park builds open space on trust land already. They do. There was essentially a bit of a catch22 because the parcel is not near water. It wasnt a regional access. Can we build a [inaudible] . [laughter] they have consulted with outside counsel in hopes of finding this parcel was in compliance with the trust use. That led to a dead end. You expect the value to be pretty low. Very low. Okay, thank you. Commissioner moore. Im glad the project is coming forward and i very much appreciate commissioner antoninis questions about the grass. I would agree with him that the drought resistant trees offer [speaker not understood] being in the drought or dry instead of those kind of trees which help us also with sun and wind and protection of the adjacent unit which is energy efficiency. The one thing i would like to put a question mark to is that light green area astroturf for ....