tv Government Access Programming SFGTV September 7, 2018 3:00pm-4:01pm PDT
this done. an exciting agenda scheduled for everyone today, several items that are important. madam clerk, announcements? >> silence all cell phones and electronic devices, completed speaker cards should be submitted to the clerk. items acted upon will appear on the september 18th agenda unless otherwise stated. >> supervisor cohen: motion to excuse supervisor stefani, also sitting in at this time in the rules committee. may i take that without objection, motion passes unanimously, thank you very much. and also want to recognize our colleague, supervisor jane kim is with us today. i believe you have a couple remarks on item 1. >> ordinance amending the business and tax regulations code to add provisions to administer the early care and education commercial rents tax. >> supervisor kim: thank you so
much, president cohen. and the legislation that is before the budget committee today is the administration of the early care and education commercial rent tax, which passed this past june in the election. this legislation just defines the process that will be used by the tax collector's office to collect and administer the early child care and education commercial presents tax. a new tax of 1% for warehouses and 3% for other commercial space. the collection of which as i mentioned was approved by voters this past june. this legislation allows the city to fall standard process in collecting the new revenue and not related to the expenditure plan which supervisor yee and i are working with community stakeholders with or the pending litigation. this modest tax on commercial rent will generate over $140 million a year to provide early childcare education for all of our families.
helping to take currently 2,500 low income families off the list for fully subsidized childcare, subsidy for middle income, and raising the wages of some of the lowest paid workers, childcare workers. nearly half early educators in california rely on some form of public assistance to make ends meet, $166.4 million annually for the state of california. the poverty wages, economic insecurity is often how people who care for our children are going, are going through, and often while they are also raising their own families. meanwhile, infant child care in california can cost as much as a mortgage or education. in california, the case of 30 out of 50 states, the cost of average childcare tuition is more than the average tuition at the public four-year university.
here in san francisco the costs average is between 18 and 22,000. tuition at u.c. berkeley is roughly just slightly under 13,000. it's also important to note that the u.s. chamber of commerce has stated the importance of childcare in increasing productivity and supporting our economy, and in two separate reports, said that when companies provide support for child care, employee absences decrease by up to 30%, job satisfaction increases, and employee retention increases by as much as 60%. the average business with 250 employees can save up to $75,000 a year in lost work time when childcare is provided. it's important for the city and always proud of our city because we have often led the way. this city passed the single largest investment in childcare
ever in this country in june and i look forward to implementation and just want to recognize the treasurer and tax collector's office to helping to set up the administration process for when we are ready to collect this revenue. colleagues, if you have any questions about this item, happy to answer them. also members of the treasurer's office today. i have some amendments to the ordinance, which will force this item to sit for another week before it can get passed out. >> thank you, supervisor. i do not have any questions. any other details that you would like to share on the record regarding your amendment? >> sure. >> ok. >> so -- so the amendments are largely administrative, and are
outlined on pages 8 through 9 of the ordinance. it largely again talks about the structure of how the revenue will be collected and again we are happy to answer, i'm sorry, on page 13, is where the amendments are listed. the determination returns and payments, extension of time for filing a return and paying the tax. and so this merely allows the tax collector at his or her discretion to extend the period of time for filing any returns. and so again, amanda is here with the office of treasurer and tax collectors if there are questions about the ordinance or the amendments. >> supervisor cohen: thank you very much. i don't think supervisor fewer has any questions. i wanted to give an opportunity to the treasurer -- nope, ok. public comment. public comment, come on up. you have two minutes. >> another example of confusion and differential treatment and i
object to the preferential treatment that multi-quadruple, trillion companies that exist here in the city, twitter and five other high-tech companies. i did the math in front of all of you how a total of $217 billion of uncollected payroll taxes have not been collected from twitter and five other high-tech companies. there's additional high-tech companies that are joining in on this free money and by the same response you want to tax and pay, charge payroll taxes for other companies that are nowhere near the income levels and profit that these high-tech companies, twitter and the other high-tech companies that exist here in the city. we are at a demonstration here about a month ago where taxi company by the name of carrier came in here pleading for additional finances in order to keep their business in existence
and pleading how they are getting along with the m.t.a., and paying union dues and paying payroll taxes and as a result they wanted to get exempt and i believe one of your co-workers said just because you get along with the m.t.a., the muni system, doesn't exempt you from paying payroll taxes. that's another example of poor supervision and management. enjoyed by one company but not another. you gave twitter payroll tax breaks and not paying for over 11 years, and 300 billion, and it's not fair. especially to the people most vulnerable, to the people like we represent and speaking up for who need childcare. it's not fair. >> supervisor cohen: all right. any other member of the public that would like to comment on item 1?
seeing none, public comment is closed. supervisor. >> i would like to make a motion to amend as i have stated, the amendment is on page 13, lines 4 through 20. >> supervisor cohen: continue one week. >> motion to amend. >> clerk: this motion must be made by a member of the budget and finance committee. >> supervisor cohen: that's true. >> supervisor fewer: yes, i make that motion. >> supervisor cohen: motion to amend and take that without objection. thank you. motion to continue one week to the week of september 13th meeting, and we will take that without objection, thank you. >> supervisor kim: thank you, colleagues. >> supervisor cohen: just as an announcement to anyone that is here just remind you this is the budget and finance committee. if you are looking for the police commission, it's across the hall, excuse me, if you are looking for the rules committee meeting, it's across the hall in the committee room.
madam clerk. >> clerk: 2, ordinance .0675 cents for fiscal year june 30, 2019. >> supervisor cohen: annual property tax rate and the pass-through limitations for property owners, properties here in san francisco. mr. whittaker, welcome. >> good morning, jamie whittaker, property tax manager for the controllers office. the annual property tax rate ordinance sets the secured tax rate charged to approximately 210,000 parcels in san francisco this year, raising about $3 billion in revenues to be shared among the taxing entities, quality district, bart and of course the city. so the main thing that we are
calculating each year is the rate needed to collect enough revenues to pay for the debt service on general obligation bonds approved by the voters. 1% portion which, on my table here, the prop 13 base tax rate of 1%, that's a set tax rate of 1%. has not changed since 1978. tax rate for san francisco general obligation last year, and by the other taxing entities, including the school district, city college and bart has decreased, as a result proposed property tax, secured property tax rate has gone down for 18-19, 1.163%. for the median value, or median taxable value home, this is not the market value, which can be quite different, the median taxable value of a home in san
francisco is $520,000 last year. with the 2% allowed c.p.i. increase of value and after a homeowner's exemption for those owner occupied homes, increase -- this year's property tax bill $73 more for just t the -- it does not include special assessments, we collect $190 million this coming year what is expected. this ordinance also sets the tenant pass-through for general voter approved general obligation bonds and i ask for this committee's approval. >> supervisor cohen: thank you. pretty straightforward. i have a quick question. what drives the change in the tax rate from year to year? >> the main driver is the amount of debt service owed. >> supervisor cohen: and to the lay people that may be listening at home or the chamber, what exactly is debt servicing?
>> so, the city, after voters approve issuing a bond for, say, the ssmfta for $500 million or whatever it was, the city pursues issuing bonds or borrowing money from investors or whoever should buy the bonds and as part of the borrowing of the money, so they get the money up front, so they can start doing work, they pay back those loans over time, sometimes for ten years, 20 years, 30 years, so on, and each year there is a portion for each bond that we approve that is paid down, we pay down a little bit of the principal and then also interest on the entire remaining balance that's owed each year, usually in two payments, one in december, one in june. sort of corresponding with when property tax bill payments are due. >> the process you just
described is call debt service. >> yes. >> thank you. back to my original question, what drives the changes in tax rates from year to year? >> the change -- basically the assessed value, total assessed value, the taxable value we have to tax, and then what is owed that year on our borrowed money. >> supervisor cohen: good attempt to make it into layman's terms. appreciate that. i don't think i have any questions, i don't think supervisor fewer has questions. thank you for your presentation, grateful for it. and open up the public comment for item 2. >> this is another example i talked about earlier and derivative i've already
explained. supervisor sheehy asked the homeless coordinator what would it take to house 1,000 people, and approximately $1 million to house people. with the $217 billion that i demonstrated tax free money, payroll tax break given to twitter, that $1 million, just 1 million can take care of the housing of homeless in the street and the same response, finance all these proposals that you've got on your additional items pertaining to supporting children. these free tax breaks is differential treatment, and it's not being applied fairly. all those other organizations are being taxed, you keep talking about taxes but you are not taxing the people who are the most fortunate and the least amount of break within your overall system.
it's not fair. and it also, my statements and my demonstration applies to your other items on your calendar, too, pertaining to housing and needs, and these bonds as well. all that can be taken out of the money that's been given for free to twitter and the high-tech companies. you are paying payroll taxes yourself and you work for the city. all the department employees are paying payroll taxes. >> supervisor cohen: all right, thank you. any other speakers, public comment is closed. i would like to pivot and go to the budget and legislative analysts before we take the vote. >> budget analysts office. reiterate much of what mr. whittaker said, page four of the report you will note in table two that the tax rate being set for 18-19 is actually less than the tax rate for 17-18.
but because assessed values can increase by 2% per year, the actual impact on a homeowner with an average household, house assessment of 520,000 would be an after tax increase of $73 per year. but there would be a reduction in the pass-through to tenants in residential units, and this is shown on page five of our report and we recommend approval. >> supervisor cohen: thank you. take that recommendation under advisement. i would like to make a motion to approve and send to the full board with positive recommendation and committee report, and if we can take that without objection, motion passes. thank you very much. >> clerk: item 3, planning code and fees for ser permits, applicable to projects with no or very low construction costs and change the fees for transportation analysis.
>> supervisor cohen: thank you very much. we have debra landis from the planning department, hi, debra, and this item sets the fees for two types of transportation studies. one for more complicated transit systems, and geographic areas and the other more localized issues. >> this legislation does two things. right now, one transportation fee, approximately $25,000 and what this does, it creates a second lower fee for simpler projects that require a site circulation review, that offers a project sponsor the ability to pay a lower fee for less complex planning review. right now, we don't have the flexibility, only the one option for the fees. legislation also clarifies language in the existing ordinance where it says fee may not exceed 50% of construction cost for some specific application types, and yet in a
table directly under that language, it shows that for $0 construction, we have a fee that is more than $0. so, some language to clarify we should follow what's in the ordinance with the amounts. >> supervisor cohen: question for you. what drives the significant cost increase on the localized study? >> it's not an increase, actually. so, right now we only have one fee for transportation review and it's the more complex one. and so all transportation reviews required to pay approximately $25,000. what we are doing here, creating one for a less complex review, a lower fee, so people don't have to pay as much. >> supervisor cohen: you said it's not an increase, so that means it's not proportional to the more complicated transit fee. >> the more complex review. the one about $25,000 is staying as is. and crea aing a new one that's a
lower one. >> supervisor cohen: thank you. no b.l.a. report and the body does not have any questions. public comment. item 3 open to public comment. looks like we most mr. wright. ok. thank you, public comment is closed. thank you very much. i will make a motion to approve and send it to the full board with positive recommendation and also would like to send the committee report. thank you, miss landis. >> supervisor cohen: without objection. next item, please. >> clerk: 4, ordinance delegating authority to the general manager of the public utilities commission to enter into agreements requiring binding arbitration of purchase of electricity in parameters and legal requirements. >> supervisor cohen: making a motion to continue for one week but if there is any member of the public that would like to comment on item 4. seeing no comment, item 4, public comment is closed.
make a motion to continue scheduled for september 13th, without objection, thank you. item 5 please. >> clerk: behavioral health services, to extend contract term four years, october 1st, through june 30, 2022. >> supervisor cohen: thank you. michelle, from the department of public health. this is the contract amendment between the positive resource center and the department of public health. and if i'm not mistaken, amendment worth $7.3 million in funds. >> correct. >> supervisor cohen: tell us about it. >> what we are doing, you just summarized that, thank you, we are exercising the remaining options in the solicitation under which the sender was
selected, and when this expires in 2022, back out to bid, or before that, to have it in place. p.r.c. is a top performing vendor. we really value their services. the services they provide are mental health, supplemental security income, s.s.i. benefits, counseling, and hiv s.s.i. benefits counseling, helping individuals who are eligible but are not able to surmount all the barriers to obtaining benefits without help. one of the programs -- the reason, the primary reason there is a reduction in this contract and we are in full agreement, we are moving out one of the programs, equal access to health care, a similar service but moving it into its own contract because of administrative reasons. it has a federal fiscal year and
the rest of the contract is on a city fiscal year and just proposed delays, so this is -- that's the only reason it's coming out, that's why we are in agreement and that's primarily what the funding change represents. >> supervisor cohen: that simple. >> it's that simple. >> supervisor cohen: i think the budget legislative analyst has a few amendments she would like to discuss with us. >> yes, to follow up, on page eight of the report the annual budget was 2.4 million, but in fact, the first year budget is only 2 million. we show the changes on page 8 of 1, removal of the equal access to health care program and the other is one time funds for i.t. upgrades. so, total budget going down by 3 million, 2.5 million, on page nine of the report where we
showed the change in the budget from total contract from 21.5 to 18 million. so, our recommendation to amend the resolution, to reduce the contract amount by 3.5 million, from 21.5, to 18 million, and amend the proposed resolution to amend the contracts so the actual contract budget and terms are consistent with what is being presented today. otherwise we recommend approval. >> supervisor cohen: all right. thank you. i do have one question for you, miss ruggles. i want to know, why was the equal access to the health care program eliminated from the contract? >> it was taken out of this contract. it will be put alone in a stand alone new contract also with positive resource center, and it's grant funded, ryan white funded, so fiscal year is march
through february 28th, and the rest of the contract was the city fiscal year, july 1st to june. so, for administrative reasons we kept not getting the tail end of that -- it was administrative burden and we were lagging in our, in getting the money payment to p.r.c., we had to modify the contract to add in the rest of the contract period for the federal grant. so, stand alone grant is, or stand alone contract with that program is just that program, and it's the only program and it's on the federal fiscal year. >> supervisor cohen: that makes sense. all right. makes sense to sync it all up. let's go to public comment on item 5. any member of the public that would like to comment? seeing none, public comment is closed. you have a question? ok.
>> adopt the recommendations from the b.l.a., and send this to the full board. >> supervisor cohen: without objection, thank you. >> clerk: item 6, resolution retroactively approving agreement for behavioral health services for children, youth and families between the department of public health and edgewood center for children and families not to exceed amount of approximately 24.2 million for a total contract term of four years from july 1, 2018, through june 30, 2021. >> supervisor cohen: ok. so, this item, retroactively approves a contract between the department of public health and the edgewood center for children and families, and that is also worth approximately $7.3 million annually for the next three years. could you tell us about the original agreement and the
changes? >> thank you. this combines several programs, three categories for children, youth and families. the contract itself combines all the services solicited under three separate solicitations brought together. primary services are school-based, behavioral health service, crisis triage and assessment center for youth and outpatient behavioral health program. there's one service in there that's referenced as a sole source, and that's because it's in there for a partial period while we are waiting to find out the outcome of the solicitation, the early childhood and mental health initiative. funding a work order to us. from the department of child, youth and families. and so they are conducting their solicitation right now. so, it's in there. we use that soul source to bridge a gap between solicitation, that's what that reference is in the report. we find this to be edgewood
contract, it's an essential component of the behavioral health services continuum of care, so we are pleased that they are reselected and able to continue this contract. >> supervisor cohen: all right. the budget legislative analyst has a few comments on this item for item 6. b.l.a. report. thank you. >> so, on in terms of the budget for this contract, page 14, table 1 of our report, annual budget, 7.2 million, the table there shows how it's allocated for each of the programs that's being covered by the contract. the total budget over the three-year term, including the contingency, is 24 million. this is shown in table 2 page 15. funding sources, 40% general fund and 60% federal and state
funds and we recommend approval. >> supervisor cohen: recommend approval, great, thank you. appreciate that. thank you. any other -- >> i did just want to add, you'll see me the next several months with a small handful of retroactive contracts that if everything had gone smoothly last year you would not see the word retroactive and we don't like to bring them that way and i know you don't like to receive them that way. last year almost all of our behavioral health services were out to bid, we had protests that caused delays, we did not have -- we had key staff vacancies, the conversion from famous to s.f.p was a steep learning curve and troubleshooti troubleshooti troubleshooting glitches. two contracts for the fiscal year, and then we hit against the city's blackout period where you are focussed on the city's budget and not challenging contract reports. so, moving forward you'll see
the handful that's catching up. but we are doing a lot, and one of the primary things that we are putting in place a formal project with the controllers office to allows us to do the tracking system, so much volume of component pieces required to get the contract certified in time and even to get them here, that we did not have a good system and so we are modelling after something really amazing that h.s.a. put together for their own system, which they did with in house staff. so, we are working on that. we also filled key vacancies and through this process are identifying process improvements. and then lastly, i just want to say, in light of recent activities, newspaper, i think that you are really fortunate to have the budget and legislative
analyst office preparing these contracts. i work there, full disclosure, but that was like 100 years ago. but, during the report preparation they request all kinds of information to prove that we did a solicitation process to confirm we did a solicitation process, to make sure it was legitimate, and they bring that information into the report, and if they didn't trust that we were following legitimate process, it would be in the report, they would not recommend approval. so, i just want to say, while not all of the -- not all of our non-profit contractors come to you, they don't hit the $10 million size, we are still doing the same process. they are part of the same solicitation, so even if you don't have those facts in front of you, it's the same process, and i just want to be sure that the board of supervisors is confident in knowing that we do
conduct very stringent solicitation processes, we don't steer contracts, we don't use sole sources as a way to award a contract. we use a sole source mostly to bring a gap, if the contract has run out and we need a period of time to finish the solicitation, which is actually allowed for as part of the administrative code. so, just because since i'm going to be the one coming here, i want to just say that so you have that comfort level about the department. >> supervisor cohen: thank you, appreciate that, particularly given the sensationalized headlines, which are really unfortunate. i appreciate you reaffirming what i personally already know to be the case with the integrity of the process. we are going to go to public comment at this time. item 6 open for public comment. all right. public comment is closed.
would you like to make a motion? >> make a motion to approve this item and send it to the full board. >> supervisor cohen: thank you very much. send this with a positive recommendation and take that without objection. item 7 please. >> clerk: hearing to consider the release of reserved funds to the department of aging and adult services in the amount of $3 million placed on the budget and finance committee reserve pending the approval of the department's allocation plan for school year 2018-19. >> supervisor cohen: thank you very much. so, the hearing on the release of reserved funds from the department of aging. we have sharene -- all these years, you would think i would get it down. mcspaden representing and the presentation, the department of aging and adult services. and again, i just want to reiterate this is a mandated increase from $3 million to the dignity fund and we are here to hear about the proposed spending
plan for that money. i just want to acknowledge this committee, specifically of this make-up, has heard the spending plan earlier in the year. so, i am under the impression that nothing has changed. >> that would be correct. >> supervisor cohen: should be pretty easy. >> executive director of the department of aging and service, i can go through the allocation of the new $3 million for fiscal year 18-19. also go through the spending plan for the savings that we from the first year of dignity fund when we could not get all the dollars out quickly or just answer questions. happy to do whatever, whatever is most helpful for you. >> ok. why don't we, with what's on the screen right now, i'll ask a
specific question. how is this -- how was this break down determined? how did you determine how much each initiative would be allocated? >> so, so essentially, we went through a few different processes to decide how many -- how many dollars should be allocated in each category. first developed the categories, using the community needs assessment from our most recent fiscal year, to do the full service allocation plan. and needs assessment we had from the past to decide what the category should be, and then when we went through, we were trying to figure out what meaningful amounts would be when we thought about getting dollars out the door, looking at neighborhoods that we needed to serve, looking at populations that we needed to serve, and thinking about what would be a meaningful amount of dollars of the 3 million that we could actually allocate in each of these areas. and so it's not purely scientific, but we put -- we had a lot of factors going into the
decision making for it. >> supervisor cohen: i would imagine a lot of public input as well. >> a lot of public input. we took our plan to the oversight and advisory committee, a lot of discussions around it. we got approval from the oversight and advisory committee, we presented it at the, at some other groups, like the dignity fund coalition, etc.>> supervisor cohen: can you talk to me about the cost of doing business increase? >> built in, 2.5%. cost of doing business increase really to help support our community-based organizations as they move forward. we know the costs are really high, and that's also that, that was in the mayor's budget, so the 2.5% was set by the mayor, by mayor lee in the two-year budget, and we just wanted to make sure to build that in. >> supervisor cohen: you know, this committee received an unprecedented number of funding requests made directly to this body for senior services.
and i was wondering if you could kind of add some context as to why that would be the case. >> i think one of the reasons is the older population is really growing. we know we'll have close to, we have close to 25% of our population is older adults, which is a quarter. we serve about 65,000 people in the department of aging and adult services on an annual basis, a quarter of the population. so, as the population grows, we expect to see an increase in request for services. i can say that while we serve 60 plus thousand people in our services, that does not mean everybody is getting everything that they need. we are going to continue to see that. i mean, i think there is also a, you know, kind of a desire among community to see more innovative services and kind of branch out from some of the more traditional things that we have done. san francisco is at the forefront of that. i'm really proud to be the head of this department and we are at the forefront of it, but because
of that, people keep thinking of these things and saying oh, we need this and that. it's just -- it's pure growth of the population, i think. >> and how are you defining older adults? >> we define older adults in our department as 60 plus. and that's because that's what the older americans act says. so, for certain programs, especially the programs that i'm talking about today, we look at 60 plus. for medicaid-based programs, it's 65. >> thank you. >> two different age groups for different reasons. >> supervisor cohen: thank you. any other information that you want to present or share with us? i don't have any other questions, i'm very knowledgeable about what we are doing here. >> ok. >> supervisor cohen: i do want to make a comment before we get into the budget legislative analyst and to the public comment, just that it's been a privilege to work the last two years with the dignity fund, with the coalition overall. and i see sandy here, i want to
say thank you. i think this is one of the most -- it was not really controversial piece of legislation we got passed by the voters, but it did require a lot of work. you may recall the back and forth about what would be in, what would be out, and -- and fine tuning around the numbers and you might remember a lot of conversation around the buckets, and marie jo, always concentrating around the buckets and i think this is a nice legacy, piece of legislation that's a legacy piece that point to for leaving fingerprints on the city and county of san francisco a forward thinking policy person to look at the aging population and to go against the grain and to really set up a system that would be in place to help us grow and take care of this population. it is my desire to make sure that people are able to age in place and remain in san francisco, and have the same quality of life that they were accustomed to to still continue
and serve and be productive members of society as well as beloved members of their families, cherished members of their families. so, i'm just grateful for all the advocates that assisted us in making this possible. i'm going to now go to the budget legislative analyst to hear her thoughts and then we will continue on. thank you. >> table one, page 19 of the report shows exactly the same budget that she just presented. $3 million is actually represents the voter mandated increase in the dignity fund each year. of that, 1.1 million is the cost of living adjustment to nonprofits, and this is part of the city-wide increase the board approved for all nonprofits in the budget, so, this is consistent with your approval. there's one, promised we would say that, one clerical error at the bottom of the report, 42.2 million, actually
45.2 million. we recommend approval. >> thank you for that recommendation. go to public comment. any member of the public would like to comment and item 7, please come um. >> demonstrations apply to this situation, too. now, severance and fred can further fine tune the already said $217 billion of tax free money that twitter and the high-tech companies is getting. it's actually a lot more, because i have not seen their quarterly earnings and with the tax cuts that's coming from the president of the united states, their profit will multiply by a minimum of five. that's one reason why you have $11 million in your budget this year because of the tax cut from donald trump, the president of the united states of america. when you took over, you had 88.5 negative cash flow.
is that clear? if you did not do that, tax cut on those foreign countries, which had our united states companies who packed up and left because taxes was too high, and now they are lowered, that's why the economy, not only in california and san francisco, but every state in the overall united states of america got billions of dollars in their account because of the president of the united states. very few people give him credit for that. now, my point to the budget analysis, they can only run audit on the tax free money that the high-tech companies is getting, only if you order them. so, i move you to ask them to run an audit on the amount of billions of dollars of tax free unpaid payroll taxes that twitter is getting. every program coming in here
pleading for money and the money they didn't, you can take care of that problem there. sincerely. >> supervisor cohen: thank you, any other member of the public that would like to speak? >> good morning, chair cohen, supervisor fewer. i'm sandy morey, here representing the oversight and advisory committee that oversees the dignity fund. and our chair, ramona davies, is out of town. she sends her greetings to you. we are here after that long hard fight on the ballot and chair cohen, we appreciate your leadership on that.enter i know supervisor fewer, i hear from your community constituents how you are very supportive of seniors in your district. we appreciate that. we will continue to work with the board on issues related to seniors and adults with disabilities and the oversights 11-member oversight committee, working with the department, monitoring all the different
areas and work that they have been doing. wonderful staff support from the department, and we have been working on a process. we had a community needs assessment process, a lot of support -- we went to every supervisor's district for a meeting of community input and as part of that, we also put together a service provider working group, and that particular group consists of all service providers who provide services in the community, and they give their input also to the o.a.c. about their concerns, and so that has been working very well, two co-chairs of that service group are ashley and annie, and so we will continue to work with them, and with the department on this whole process as we oversee the dignity fund allocation. thank you. >> supervisor cohen: thank you.
>> good morning, supervisors. i'm here as the co-chair of the dignity fund coalition, together with you, supervisor cohen, created the legislation that outlined the process for planning and crafting recommendations, including a strong oversight and advisory committee and inclusive provider work group. beyond that, the dignity fund coalition continues to meet monthly, get regular updates from the department of aging and adult services, and generally assure the process is transparent, based on data and striving towards equity. as a watchdog group, we are satisfied these important criteria have been met and urge you to set the dignity fund dollars free. >> thank you. >> supervisor cohen: any other member of the public -- >> good morning, i'm kathy from felton, and dignity fund coalition and work group. i want to thank you both of you, actually, for your incredible advocacy towards this really
important legislation and as an older adult, going into being an older adult in san francisco, i'm really excited to be able to have this opportunity for myself, as well as all the people we serve to be able to remain in the community, and live in san francisco, and receive the services we need. so, thank you very much. >> supervisor cohen: any other member of the public, seeing none, closed. >> supervisor fewer: i wanted to mention that i did attend the community meeting in my neighborhood, and what i've been hearing from my community is that you know, in the richmond district, the senior population is the largest growing population. while i think the dignity fund was a great achievement and a victory, i actually don't think it's enough. i think that we as a city should be planning for the aging community, and this is a community i think that is estimated to double in how many years, and we are ill-prepared,
frankly, to meet the needs of our aging adults to allow them to live at home in place, and so i would love to actually, from the committee, to get sort of an assessment, helping us plan for this future population, and actually the needs and budget wise, how many money we should be actually allocating toward the future care of our aging adults here, so they can actually stay here in san francisco. so, and i would like to also make a motion to move this with a positive recommendation. >> supervisor cohen: i want to say these three ladies will definitely get you what you want. they have identified more need than money that we have available at this particular time but i'm really excited we have the infrastructure in place to continue grow. this is a fund that will continue to grow in perpetuity, and you know, there's a lot of
conversation around baseline commitments, and this body naturally has some hesitancy on baseline commitments, tying future boards' hands to commitments that we are making today and these are financial commitments i'm talking about. i cannot think of a better, stronger population that is not going to go anywhere but increasing, so, ladies, sounds like you'll have a champion on the board when i transition off, which is incredibly important. and sharene, compliments to you and your entire staff, you have been stellar as we navigated sometimes choppy water. and by the way, ladies, yoyo says hello, yoyo chan sends greetings and congratulations to you. so, take a vote, take this motion that was made by supervisor fewer, we will accept it without --
>> madam chair since this is a hearing, release of reserve fund and file the hearing. >> supervisor cohen: that's right. approve the release of the reserve funds and file this hearing. thank you. congratulations. madam clerk, item 8. >> clerk: resolution approving the issues of up to 2.6 billion aggregate principal amount of san francisco international airport second series revenue refund j bonds for the purpose of refinancing bonds and subordinate bonds of the airport commission and related obligations. >> supervisor cohen: kathy widener is back with us in the chamber and still representing the san francisco airport. kathy, good to see you. welcome back. so, we are going to be talking about airport revenue bonds. and this is an authorization for airport revenue bond up to
$2. $2.62 billion. why don't you take it away. >> thank you so much, kathy widener with the san francisco international airport. item before you seeks your approval of, at the airport commission's issuance of $2.62 billion in refunding bonds as well as your approval for a form of continuing covenant agreements that will allow us to manage the airport current debt portfolio, $6.2 billion. approval will allow the airport to refinance outstanding airport bonds, restructure debt service, and/or convert variable rate bonds to fixed rate bonds if necessary. since 2011, the airport has refunded over $1 billion in bonds resulting in $255.6 million in gross debt
savings. while the airport commission has historically sold bonds through a public offering, the approval of the form of continuing covenant agreement would add an extra tool to the airport's ability to manage its debt portfolio. under certain circumstances, the use of the private placements could save time and expense, compared to traditionally publicly offered bond sales. as the budget analyst report points out, the use of private placement has been previously approved by the board for use as part of the seismic safety loan program general obligation bonds, as well as the transbay transit center, and is used by the sfpuc. the budget analyst has reviewed and recommends approval of these actions and joined by the finance director, kevin cone,
and rhonda tue. together we are able to answer specific questions you may have about the actions. >> supervisor cohen: appreciate that. i am going to reserve my questions and pivot to the budget legislative analyst to hear her thoughts. >> so, to follow up, airport has $6.2 billion in outstanding revenue bonds. so, could be used to refund outstanding debt. there are parameters in terms of debt saving that would have to be met before outstanding debt could be refunded. table two on page 24 of the report gives summary of the estimated sources and uses of the bonds. this could vary a bit, only authorizing to move forward between the issuing bonds, the actual terms of the bonds would
matter when the bonds, refunding bonds were issued. the other piece of the legislation is approving the form of the continuing covenant agreement, and we culled this out, it's basically allowing the airport for the first time, under certain conditions, to instead going to a public offering of the refunding bonds, to do a private placement with a bank. we did go back and talk to the office of public finance about prior approvals by this board in terms of using private placement rather than a public offering for bonds, and miss widener said some of the examples we put in our report. because of that, we do recommend approval of the legislation. >> supervisor cohen: thank you. all right. she's made a recommendation to move this forward. is there any discussion? on your part? public comment. item 8.
any member of the public? no public comment. i'll make a motion to approve and send to full board with a positive recommendation. take that without objection. thank you. moving on. item 9 and 10 together, please. >> 9, resolution approving as amended the issues and sales of residential mortgage bonds by the city, not to exceed 76 million for the purpose of providing financing for the construction of a 143 unit multi-family rental housing project located at 1990 folsom street. 10, intent of the city to reimburse certain expenditures and authorizing the mayor's office of housing and committee development to submit application and related documents to permit not to exceed for 20000000 for capp
street. >> supervisor ronen is the sponsor, but we have amy from housing to make the presentation. >> good morning. amy chan from the mayor's office of housing and community development. item 9 before you, 1990 folsom street. 100% affordable housing, 143 units serving households up to 60% of the area median income. with 25% of the units set aside for households that are relocated under the hope s.f. program. the project will include a mix of studios, 1, 2, 3, 4 bedroom units, community room and garden space. tenant services space and childcare and p.d.r. space on the ground floor. this authorizes to execute up to $76 million in multi-family
revenue to finance the project. item 10 before you, resolution for 1045 capp street, existing senior housing project that will choir and rehabilitate. no resident will be displaced as a result of the rehab. every right to return to their unit. and this resolution authorizes o.c.d. to execute up to $20 million in multi-family revenue note to finance the project. both resolutions are conduit financing and will not require the city to pledge any of its funds for the repayment of the bonds. we ask the committee to forward the resolutions to the full board with positive recommendation, and i am joined by john lovelle l mission housing corporation in case you
have questions about the project. >> supervisor cohen: i don't have any questions. supervisor fewer, any questions about the specifics? >> supervisor fewer: no, just this how can i get in this my neighborhood, thank you. >> supervisor cohen: i think we have done our homework on this, so no questions. i do want to open up for public comment, if there's any member that would like to comment on items 9 or 10. all right. seeing no public comment, i thought i saw fill out a public comment card. let's get your voice on the record, come on, two minutes. good to see you. >> madam chair, i'm a senior project manager for economic development agency here, 9, this has been a project two years in the making. successful prop a projects that was presented to the board of supervisors a few years ago and so we are -- we are waiting with baited breath to undertake
construction here, hopefully in february of next year, and with the resolution, able to make that dent in our vast gap for affordable housing and not just in the mission, but the city of san francisco. we thank you for your support. >> supervisor cohen: thank you very much for being here. no other members, close public comment. thank you. i'll make a motion to approve and send to the full board with a positive recommendation. and take that without objection. thank you very much. >> any other business before this body? >> clerk: no further business. >> supervisor cohen: thank you, we are adjourned.
>> good evening and welcome to the august 15th, 2018 meeting of the san francisco board of appeals. the board president will be the presiding officer tonight. he is joined by commissioner lazarus, commissioner honda, vice president swig, and bobby wilson will arrive later this evening. to my left as a deputy city attorney who will provide the board with legal advice this evening. at the controls is our legal assistant. i am julie rosenberg. the board's executive director. will be joined by representatives from that city departments that have cases before the board this evening. the acting a zoning administrator will be representing the zoning admission. we expect senior buig