so, i supervisor mirkarimi: would -- i would nominate supervisor mirkarimi to continue as the chair of the authority. things to be proud of, like doyle drive, facilitating the environmental appearance drt, the approval of 20 to prop k projects -- 22 prop k projects. something that is truly unprecedented. it was important for all of our constituents. i think that the work remains something where the continuity is needed. i would hope that the chair continues in that role. supervisor mirkarimi: thank you. supervisor avalos? supervisor avalos: thank you. i would also like to follow-up, backing supervisor campos' motion for supervisor mirkarimi for a second term. serving for only 12 months does not give the full benefit to the city. someone with continuity over a course of many years can achieve better results for the transportation authority. we had a good year in 2010. i think that we really need to build upon that year. specifically i am encouraged by the work of the chair on doyle drive. as the supervisor mentioned, closing the 7 million service reduction in the mta budget. we also hav

supervisor mirkarimi: thank you. supervisor campos: i wanted to thank the chair of the transportation authority for his leadership over the past year. for me it has been especially gratifying that there has been enhanced cooperation between the transportation authority and the mta and additional participation involving transportation in san francisco. this is something that we should be proud of. supervisor mirkarimi: thank you. i never miss that i failed in my remarks to outline the fact that this body, all of you, we stepped up to the plate in the contribution to the deficit to help to restore some part of the service reduction. thank you again. seeing that there are no more comments, mr. moskovitz? >> i would ask for your patience for a second, mr. chairman, as i echo your comments to the departing board members. i offer my own personal tribute to all of you. you have taught me more than one lesson in the eight years that we have worked together. it has been a pleasure and honor to work with you. interestingly, al

supervisor mirkarimi: understood. i appreciate the fact that in this go around we have companies like shell, tempura, constellation, our choice, well stella >> that is them. supervisor mirkarimi: it requires a certain amount of -- who else? >> that is them. supervisor mirkarimi: it takes a certain amount of processing, i understand. but as prudent as they would like to advance in funds to assist in that endeavor we do not have to plan ourselves as the budget analysts reported. the report was submitted yesterday and today. i would rather not release the 1.8 -473,000 in its entirety right now. i would like to release part of that. one of you tried to strike a figure that works for you. >> a number less than what the budget analyst is suggesting? per my opening remarks, we can make that work. supervisor mirkarimi: strictly $430,000. >> we will need to have the full court press for marketing. but in terms of making sure we have the resources that we need with a contract that works -- supervisor mirkarimi: what is the bott

supervisor mirkarimi: thank you. next speaker. >> i am the executive director of san the tail county. our sheriff will be speaking very shortly. i want to thank your staff for including in the record the letter with my board opposing the third scenario of southern gateway study. your staff has done an excellent job on the study and i would like to clarify a few points. certainly professional support of appropriate congestion pricing in london, as i went there this year, we saw that it could do -- what it was is that it was a high density, high mobility area. it was not the entire area. when you look at the southern gateway i do not think that in any way it would meet the criteria that you would want to put towards it. we did not oppose the study, but they did ask for elimination of the southern gateway from further consideration. one more troubling thing, totaling the county line it is congestion pricing. without working on it together it is like putting up a roadblock between us. we would ask that you eliminate the

supervisor mirkarimi: any particular discussion? supervisor chiu: with respect to the director, there was discussion of doing a similar audit of the county transportation authority because the kind of financial audit that we were reviewing was separate from a management audit. i am wondering if we could get something out in the terms of when we get a performance audit of the transportation authority taking place. >> 24 the question. this came out of the finance committee meeting. i believe that the authority chair asked the same question. scheduled for april so that we can conclude with the other report. that will be happening and you will of course be receiving a draft scope to initiate that process. >> i would imagine that every member of the authority would be able to make suggestions? >> absolutely. of course, the process and the contractor will come to the full board for approval. the ultimate ability to look at the scope of the audit. supervisor campos: i would like to see that we moved expeditiously to make sure that this age

supervisor mirkarimi: thank you. next speakers. >> i and the operations manager for two sailing companies here in san francisco. we are located on pier 40. we have seen an uptick in business already, just due to the possibility of the cup being here. we have been fielding phone calls from around the world about what it would cost to torture a boat to be out on the day to see the races and our waterfront. i was talking to my boss. if this goes through and the board votes on it as a yes, we will start the conversations about purchasing a new vessel to grow our business and take care of the demand coming in. that will be an immediate four to five full-time jobs, probably in the world of 40 to 50 jobs while the cup is here. some of those will go away. but we will see a large increase on that. we have also seen an uptick in the interest of sailing on the beginner level. we have a sailing school. over the last year, we have talked about 300 new people how to sail. -- we have talked about 300 new people how to sail. we will

supervisor mirkarimi: no. supervisor chu: aye. >> this will be forwarded to the board of supervisors. supervisor chu: are we ready to barrel through the rest of the agenda? item number two. >> hearing to consider the release of reserve fund and the amount of $98,420,416 to fund the construction of the water system improvement program. supervisor chu: public utilities commission? >> good afternoon. i am director of the water system improvement program. i am looking forward to working with this new committee as well as keeping you appraised on the progress of the program. talking about updates, i am scheduled to share with you the performance data at the beginning of february. i want to give you a brief overview of where the program stands. the wsip continues to benefit from a very positive environment. we anticipate to be able to deliver the program $129 million under the approved budget. we currently have 22 projects totaling $2.2 billion in construction. i can't wait to share with you the projects in early fe

supervisor mirkarimi: right. supervisor avalos: i do not feel right making such a big vote, even if we have to ratify it next week. i do not think that making such a big decision about who our interim mayor is going to be without having all the time we need to really vet the candidate the way we would like to is the appropriate way to go, and, colleagues, i would really like to have the courtesy of the time to meet with ed lee to have that conversation. i do not think it is asking too much to have that continuance to do it. we can find a consensus that we do not have right now. i do not know if we will of a full consensus, but i would like that courtesy from you guys. i do not think it is asking very much, and i think it is the right way to make a decision on something that is so momentous as to who is going to be the mayor, in the mayor's office in the next year. so i would like to continue this. i am not sure when ed lee is coming back. that is a very difficult thing to predict. i have heard that it will be sun

supervisor mirkarimi? supervisor mirkarimi: madam chairman, i unwilling to make a motion for both of these items, it reluctantly -- i am willing. to make a motion for both of these items, reluctantly. the review period, to the board of supervisors, on a six-month basis. supervisor note -- chair chu: there is a motion to support this. supervisor kim? supervisor kim: i am not prepared to do that. i think we need to have presentations within six months, but i want to see a plan that really consolidates this, and that is why i would be much more interested in a shorter license agreement, just so that there is a mechanism by which the department could hold the department of technology accountable, so, i mean, i really want to see that timeline. i understand technological needs. i think that probably, this mission probably have happened a long time ago -- this move probably should have happened a long time ago. with a differential over 20 years, down to $28 million with city-owned property, to me, i really want

commissioner mirkarimi: thank you. next speaker please. if i have called your name in the cards,, 1 up after the other. >> good afternoon, commissioners. i'm the president of the rincon hill neighborhood association. the question is -- do we have a problem and do we want to start thinking about the problem now, or do we want to kick the can down the road and let the future generations deal with it, as we have done with many other problems? i think we should start dealing with this problem right now. who enjoys sitting in traffic for an hour from the financial district to the bay bridge? i do not think anybody does. that is what this does. it makes it take an hour to sit in a car polluting our air. i think the option be the outbound weekday evening only option is a good option for everybody. when i go to the movies, i go on saturday or sunday morning before noon, and i only have to pay $6 because the demand is not very high. other folks choose to go in the evenings. they pay $11. it may be a full movie theater, and they will not be able to

president chiu: supervisor mirkarimi? supervisor mirkarimi: thank you, president chiu. i agree with you, supervisor campos, supervisor mar. i have never spoke about him being interim mayor, which has really rocketed in the last 24 to 48 hours. we were considering him with others before, but, really, what this does buy him being inserted in this process is that it almost belies the gestures and overtures by the administration that they are looking for a common denominator candidates, and i think great effort was made here today, as has been said earlier, that one of those candidates was sheriff mike hennessey, based on comments made in the press by mayor newsom, and if there are people, supervisors who are representing ed lee, via what the newsom administration is saying, that belies the very sentiment of looking for some unified approach. it has not happened, so i think it is only prudent that you do your best to shop before you buy. we know ed lee. he has been extremely effective as a public servant and as a leader in the department, but no conversations have taken pla

motion by commissioner mirkarimi. seconded by commissioner mar. is there any member of the public who would like to speak on this item? seeing none, public comment is closed. colleagues, any changes? >> moigs to approve. motion to approve. >> we can take that without objection. thank you. we can call item number four. >> item number four, report on the status of community choice aggregation activities. >> great. thank you very much. if we can now ask the executive officer, we have a presentation from lafco staff and also from the public utilities commission, miss miller. >> thank you, and welcome chair campos. mike campbell, the director of the clean energy s.f. program has praintation i would like to have him present first regarding the status of where we are currently with the bidders and the process as we go forward. >> great, thank you. mr. campbell, good afternoon. >> good afternoon, chairman, commissioners. congratulations. my name is mike campbell. i'm the director of the community choice aggregation program, commonly referred to as clean p

mirkarimi aye. there are 11 ayes. commissioner chiu: these ordinances are finally passed and resolution adopted. item 17. >> item 17 is a resolution approving an amount not to exceed $30 million in tax-exempt qualified bonds for the financing and refinancing of the golden gate park music concourse the raj. commissioner chiu: same house, same call? the resolution is adopted. item 18. >> item 18 is from the budget and finance committee without recommendation. and ordinance amending the administrative code regarding local hiring policies for construction. commissioner avalos: colleagues, i would like to thank you for your support, for helping to pass on first reading the nation's strongest local hiring mandate. it took quite a road to get here. over the past year, i first introduced this idea requested a draft from the city attorney back in january and spent the whole year to get to where we got to last week with an 8 majority vote. do not want to talk too much today, but wanted to acknowledge some of the folks who i did

commissioner campos: commissioner mirkarimi? commissioner mirkarimi: thank you. i want to remind commissioners that for the last three years, we have rejected all increases in budgets out of lafco. we turned them back to the general fund. what has been sustaining lafco has been the rollover of the amount. the fact that miss miller, who has been doing an excellent job in helping us monitor the bidding process, i believe we need more at the table. there has been an extraordinary use of city attorney and legal counsel time that we have seen in the first phase of the bidding process that we did not get to benefit from the time of having miss miller there as much as we would like to. that may contribute to the reduction on the pc side -- puc side. it could expedite or accelerate the process. the increase is a reasonable one with regard to activating ms. miller more in away at the bidding process. commissioner campos: thank you, commissioner appeared colleagues, any other questions? why don't we open it up to public comment? is there any member of the public who would

supervisor mirkarimi: this is not an action item. i will continue to trust the very thorough [laughter] information relayed by madam clerk. as he stipulated, this is the first phase -- as you stipulated, this is the first phase. we look forward to hearing the next one, especially as the other satellites of this department provide budget information as well. >> thank you. chairperson chu: thank you very much. i believe that is a motion to continue the item to the call of the chair until we have the next briefing. in terms of areas, i know you are good to be working with many members of the board to go around the budget and try to think about what other options we have, in terms of either submiting some cuts to our budget, or just thoughts around how to craft a. it would be helpful for me, between now and the next time we have a hearing, to get a little bit more information about what you have put in the budget because the board has directed you to do certain things, such as the back-filling of positions that are leaving. it would be h

supervisor mirkarimi? supervisor mirkarimi: i do not like the way this is degenerating. there is a lot of intrigue that seems to be piled on by whatever is being brokered, but in this case, i think this is a proper juncture to recall the nomination based on the previous counts, and i am not sure if we want to win of the list down, as well, so a motion to do that -- i am not sure if we want to winnow the list down. president chiu: supervisor mirkarimi has withdrawn the name of one. that is in his right to do. i know there is a question that was called. there were two seconds, and at this point, can we do that unanimously, or do we need a vote? ok, supervisor alioto-pier, would you like to finish your statement? supervisor mar. supervisor mar: think you, president -- thank you, president chiu. were you done, supervisor alioto-pier? i will be supporting ed lee. i think he cares about working- class communities, and i know that firsthand from working with him in the asian communities. an asian mayor of a city like san francisco, i think we can similarly have a succession lik

commissioner mirkarimi? commissioner mirkarimi: i am just curious. is there a resolution on cpuc's mind that would stick it to the private utilities in case they themselves do something that they should not do that corrects or covers our backs in case something on there and completely implodes? i mean, in some ways this is about making sure we are revel to stabilize our ability to transact in a volatile market. what about the volatility on the side of the private utility? does cpuc have the parallel discussion about that? anybody? >> i think the answer to that is no. commissioner mirkarimi: ok. i see the resolution as being necessary. i also think it is just the inequity. we are constantly having to build the assurances that we are not going to ruin them. commissioner campos: is there any way to get the cpuc to begin those discussions? >> there are two commissioners who were recently appointed. there is going to be a new dynamic at the cpuc. commissioner mirkarimi: do you know who they are? >> mike florio is one. is it elizabeth sandoval? commissione

supervisor mirkarimi: motion to approve. supervisor chu: without objection. i have actually -- i see our clerk who is sitting here. can we return to this item and go to closed session first? thank you. [closed item number six, please. >> resolution approving the restructuring of $120,400,000 for revenue bonds series. to the execution of [unintelligible] including other matters where the city and other additional material. supervisor chu: this item is notice dd to allow the board to enter closed session. one of the things that we could do is go through the presentation that does not require the closed session confidentiality. if there are questions and then we can go into it at that time. why don't we begin with the controller? >> i am going to briefly walked to the transaction that is here before u-hauyou. -- walk through the transaction that is here before you. as much as anything else, i will answer questions you have regarding the proposals. the foundation that is a non- profit organization serves to su

supervisor mirkarimi: very good. thank you, colleagues. welcome to the new commissioners that are here. we look forward to working on transit projects with the mta. have a great day and a great rest of your tuesday. meeting adjourned. >> thanks for coming today. we are announcing are temporary homeowner's property tax reduction program. this is what most assessor's up and down the state are doing. homeowners are reliable -- of all property owners are eligible for a temporary, 1-year property-tax assessment reduction if they believe or if we believe dave -- the assess the value has fallen above their market value, which means that the value would be lower than the market value. in general, homeowners who are eligible, chances are, they purchased homes after 2003. we do get applicants who have owned homes since 1995 or earlier. in general, anybody who is owned their home prior to 2003, they are doing well, which is good news. chances are the market value is higher than the assessed value, meaning the property appreciate it. people we are abl

supervisor mirkarimi: thank you, sir. next speaker please. >> the event that happened a few months ago -- picture please. overhead display please. an hour later, the maltese falcon came. i have been racing in sailing in the bay area for over 40 years. i would like to remind you of this event. an hour later when the maltese falcon was under the bridge, the bay area was white with sales. it was thousands and thousands of boats. i'm here about the world series , and mr. chairman, i would like to ask you how many countries were involved in the world series? supervisor avalos: 1, but the players came from many countries. >> that is very true. the city spends $1 million to celebrate. it is called the america's cup. it should be here. thank you very much. >> i'm a disabled sailor. i was one of the casualties of the dot-bomb era. my work in the software industry, which i loved, destroyed my arms and part of my neurological system. in the five years since then, the cost to maintain my care -- instead of skyrocketing, it has held l

supervisor mirkarimi: motion to approve. supervisor chu: i would also see if we can amend the motion to include the budget analyst recommendations. without objection. item number 4. >> resolution approving the continuance of the international airport to refinance the airport bonds. >> this item secure approval for additional refunding bond authorization. this is in order to take advantage of any bond opportunities that might arise. and also to use an index refund if it lowers the debt service to fixed rate bonds to protect against any further turmoil that may come up. the airport has had success in the past to take advantage of low interest rates to refund and restructure. since 2003, the airport has generated $72.4 million. the current authorization before you does not increase the airport's ability to increase that. but it allows the airport to be in a position to refund bonds to achieve int [unintelligible] i am joined by kevin who is available to answer specific questions that you might have. >> we endorse this request.

supervisor mirkarimi: thank you for the information. i absolutely agree that this is a very important institution that requires all our efforts to make sure that it has a long life and a real healthy place in the field of important museums in san francisco and california. thank you. chairperson chu: i know the director of the asian art museum is here. i wonder if he would like to say a few words. >> good afternoon, chairman chu, supervisor ross mirkarimi. on behalf of the staff of the asian art museum, we are profoundly grateful for the city leadership in restructuring the debt that can allow this wonderful organization to go forward and improve. since the founding of the museum in 1969, when the museum opened in golden gate park, the museum has provided an educational artistic service to the community. since the museum relocated seven years ago, in 2003, as our controller pointed out, it is still a young museum. it has just been full-fledged for seven years. there are many growing pains, one of which is hard to address, the debt issue

supervisor mirkarimi: thank you. next speaker please. [applause] >> i'm here as the commodore of the island gaap club -- island yacht club and mainly came to pass on our support from over there and across the sea and all that. i had notes. i threw them all out. pretty much everything has been covered. one thing that i do hope the finance committee can try to come up with is a number that is the ongoing value of back international television exposure that goes not just during the race, but far beyond. i talk to people in europe online every day. it is amazing how many people have no idea what this place looks like other than the big orange bridge. i think the opportunity to have those kinds of visuals, have that kind of interest focused on us for that time really has a very long-term and very measurable financial value. thanks. supervisor mirkarimi: we're going to take a two-minute break. be cool. we will resume where we started. thank you for your patience. supervisor mirkarimi: i would like to resume where we were w

supervisor mirkarimi: thank you. next speaker, please. >> i wanted to speak on something that has not come up on the agenda yet. i want to urge the board of supervisors to vote against it or take no action on it, only because i think it is going down the slippery slope of city government getting involved in media, and i think that is inappropriate, and if in the that you get some legal counselor says there is no problem with this and that is fine, i would urge you to get the story correct. there has been a lot of rumors flying around, and i think a lot of them have not been fat checked and verified, and a lot of what i am hearing -- have not been sacked checked -- fact checked. if you are impelled to go on to make sure that everyone who is looking at the controversy, that you at least do due diligence, pardon me, and get your facts correct. thank you. supervisor mirkarimi: thank you. next speaker, please. >> my name is daniel, and i also would like to speak about the resolution. i am urging the members of the board,

supervisor mirkarimi: what is the collateral? >> in the original transaction, it is the balance sheet of the foundation to secure the debt. if the same dynamic exists, he the the building is pledged. -- if the building is pledged, in a worst case scenario, it is unable to make the payment. my office would have to propose supplemental >> the supplementals would be originated by my office. of course, this board cannot bind a future board of supervisors to approve a supplementals. if there is a default, the bank gains certain rights. they gain the right to hire a chief restructuring officer to advise, and they have the right to raise ticket prices at the museum to the average of three museums in california. that is the remedy here. that is the best outcome at the end of this if all the worst- case scenarios are met. no one intends to get there. but if you are asking for the maximum exposure, that is it. supervisor mirkarimi: with the dual objective of drawing down the debt after the transfer, how is it that a capital campaign enhanc

. >> thank you much, supervisor mirkarimi. as we previously reported, we estimate that the event would generate $1.2 billion in expenditures that would benefit businesses located in san francisco and would support her 8160 labour years. on page 3 of the report, the event authority would be required to make infrastructure improvements to peter's 32, 27, a 29 as deemed appropriate by the of that authority. for making such improvements, the cost is $55 million. the port would transfer a long- term development right for the event authority and long-term development rights for lot 330. it will require improvements to be made by the of that authority. that is on page 9. the of that authority would also have the option of making infrastructure improvements to peter's 26 and 28, and for the area adjacent to 36 in the water area between 14 and 22 or between 30, 32, and thirty eighth. the improvements to 26 and 28 have estimated $25 million cut would only be incurred if the of that authority determines they are needed for the event and