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tv   Government Access Programming  SFGTV  March 26, 2019 4:00pm-5:01pm PDT

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>> so our estimate's about 10 million for this group of ten. [please stand by]
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>> these current leases are they at the current market value or not? >> market value vary. they are in the general range what we see in most of our retail restaurant leases. we use them as comps.
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>> if we're going to negotiate extensions and if there's any gap between where the existing rent is and fair market value on fisherman's, we need to bring it up. >> i think that makes a great deal of sensation. we had a similar discussion. we wanted to set it at the fair market value at the time of auction took place. we've used a similar appraisal structure. if we do want ahead of the expiration, we don't want to lose the chance market value. that's the goal to make sure everything is market to market. mike, thanks for the report. my fellow commissioners explored everything i wanted to. i have no further questions. >> president brandon: vice president adams. >> vice president adams: mike, i appreciate the report. it's amazing. this board, we're not a
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political board we're a policy board. i think that this is something that happened in 1970s. we're going to go a different direction, now would be the time. i think mike you laid that out. you're asking for some different direction or decision. i think victor had some really good things that he brought up. these are long-term customers that been with the port for a long time. the question in front of this commission, do we continue? do we want to go a different direction? i've never liked long-term. i think 66 years is a long time. lot changesc we're talking reality. how do we prepare? everything changes.
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where san francisco was in 1970, where it is today changed. the average age in the city is 27 years home. there's a different dynamic in the city today than what san francisco was in 1970. going forward, how do we change with the time and prepare? i think what i'm saying, how do we carve leases so we don't get behind and stay competitive and be loyal to the customers? how do we move forward that it's not so far out but we have the flexibility to adjust it. sometimes we may need to adjust something. sometimes our customers, they may need to adjust. in the new world, we got to have more flexibility to be able to move and add more flexibility just to be set into something for 66 years. we have a problem.
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we need to deal with it now and give the staff and directions how we want to go. you tell us what do you think that will make it more competitive. victor said, we open it up to more. i think it's something about loyalty. you don't see lot of that today. i think loyalty is important. companies here have been here a long time. they're these legacy companies. they've been here forever. they're like the sun. they shine everyday. what do you think that the direction we need to go. i can understand victor's point. trying to maximize to get the most we can to give them the flexibility but also for the port to get as much revenue as it can a make the proper investments. i sometime wonder with everything going on with technology, the day will come that many people won't be going out eating. so many people now have their food delivered to them.
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how many of these customers eventually would drop off this list? with technology and everything, lot of people eat at home or order out. nothing stays the same. that's my opinion. >> president brandon: thank you for the presentation. >> i wanted mike to answer my question. >> commissioners, all the things that you described are really layered into what we're talking about today. i think each situation is going to be different. i think there's some general rule that i think your work has really helped us understand as we brought other transactions forward. that's what we do as staff. we apply what we hear. i think getting the feedback we've gotten today from all of you, i think helps us go and have that next conversation.
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i totally get the value of loyalty. we have a fiduciary duty to the port to make sure everyone is doing all they can that allow us to pay the rent and do what we need to do for the seawall. that's the balancing act we have to pursue. i feel confident what we laid out in the staff report and the presentation today makes sense in any business conversation. we'll have to see where that goes from here. >> president brandon: mike, thank you for the presentation. thank all the commissioners for your comment. i think that this is going to be an interesting effort to get through. other than leases were approved, i'm not quite sure these restaurant have lot in common. i think some are better than
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others. like most of our leases not one should fit everything. we're going to have to take it case by case. we could have minimum parameters. i think they all will be dealt with differently. i do think that if considering how long these tenants have had these leases and the amount of revenue they've been able to make from them, that it is our fiduciary responsibility to bring them to market. whatever point and then throughout the term, make sure that we're participating in the increases in revenue. not just percentage rents but minimum rent increases. lot of these changed hands
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several time. we haven't benefited from that. whatever our policies are going forward, they need to look like our current leasing obligation. >> absolutely. >> president brandon: i don't want to put it out there that because they've had these leases for 66 years they're going to get an automatic renewal. >> i think that's a fair statement. that makes a lot sense. we have to make sure we're doing the right thing by the port. by the same token, they've been there for 66 years, if they are looking at that next generation saying, we're moving our operation to fast casual or something that will create more money for everybody, that's something you can consider in the right circumstances. >> president brandon: we really have to focus on the substructure, seismic and the flood risks in all our leases.
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>> these are especially really challenging. obviously, when we need to the seawall work it's going to be dislocated for the retail businesses when they need to do their maintenance. >> president brandon: we should start figuring that out now regardless if we do an extension or not. >> we should be monitoring they are fulfilling their >> president brandon: definitely . >> i'm not opposed to renewing leases that are long-term like this. what i'm opposed to is not having a policy that applies to
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everybody. because when we add years we are adding value to these restaurants. beside the rents, besides improvements we get, we are creating an asset by the mere fact that we are putting in a 30-year term. my guess is, these all passed hands many times over the years. the question is, did anybody drop out? out all of these leases, we have ten today or did we start off with 12? do we have 100% batting average of success among these leases? >> we think these are the full set of 66 years that if there was a failure in the past, it
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just changed hand. >> that's my guess. the point i'm trying to make is, they are very valuable. i'm not going to call any particular person or business out. they got 17 years left on the lease and they are grossing $5 million and that restaurant is going to be worth $3 million today. the reality is, if we extend it by 20 years, that $3 million may jump up to $10 million in value. we are creating the value, as long as we're square with ourselves and we tell everyone they can do that, i'm happy to explore it. but the next result is, we're in the going to put things out to bid. the policy decision for this commission is the ones we put out to business are the vacant ones. the ones that are occupied they are doing good that we're going to have table top dealing and
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we're going to make honest dealses that are good policy and good business and go forward. that's okay. but then, when people wall up the port say i want a lease, i think it's fair for us tocy, that's the one we put out to bid and ones that are vacant that don't have an operation to them and we improve our holdings by trying to get the best operators for those empty ones. in a perfect world, we're like a shopping centre that's 100% full. we will be the port of san francisco that will be 100% full. whatever is making money will change hands on the private sector part and will take our carve outs that we great to carve out. i'm happy to explore. to be perfect and clear and have some fairness across the board. it appears to me that it's being sold that this is for the large operators but not all the operators.
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i want to call that out and if your recommendation is just these ten, i'm going to make the policy on that. the wider decision is fair playing for all of our holdings and all our tenants. >> i don't think we're proposing any rules that are different from other operations on port property. we're applying the retail leasing policy. we're suggesting plus additional leases that have substructure responsibility. i think we agree. i don't think benefits us to have different ruling rules for different players. >> what i think will be helpful for me and for everybody, i think it will be helpful to
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quantify what type of expenditures we believe we want in order to extend the lease? how you gauge that. 40,000 square foot blueprint will be different than 1000 square foot blueprint. are you going to do per square foot capital improvement cost no matter how they spend and they get an addon to their lease. you like to understand the mathematics how you earn your extensions through campaign improvements whether it's below grade or above grade. i like it see how we're coming up? those number. >> we'll be happy to see you that. it's a big part of our discussion. we'll do that. >> thank you. >> president brandon: commissioe rs any other questions? thank you. >> request approval first bond issuance request in the amount
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$60 million general obligation bond to support phase one of the seawall earthquake program. >> good afternoon commissioners i'm the deputy for finance and administration. i'm here this afternoon to ask that the commission request that the board of supervisors approve the first sale of the 2018
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this $50 million sale primarily funds planning and design activities including funding for port staff, program development, project planning such as g.o. technical investigation, multihazard risk assessment, stakeholder engagement and environmental review, preliminary design, costs related to the army corps engineer study and workforce development efforts related to the seawall. as i discussed last week, this first sale would include
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$45.8 million in project funding. it also includes up to $4.2 million in transaction cost including a reserve for market uncertainty cost. issuance and underwriter discount and city fees. i want to note that the office of public finance assures me that it is highly unlikely that the city will need to use the $2.99 million reserve for market uncertainty. they have put that in the not to exceed amount for the bond sale as a precaution to ensure that the port gets a full $45.8 million in project fund. just a reminder, this first bond sale will fund seawall program activities through june of 2021. staff was a the capital planning committee yesterday. c.p.c. recommended that the bond
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measure go to the board of supervisors for approval. we are hoping to receive port commission approval for this issue today and are planning to introduce at the board of supervisors on april 2nd. if we are able to keep to that calendar, we expect to have the board approve the bond sale on april 23rd. we would then office of public finance, would then sale bonds in the maile middle of may. i'm glad to answer questions. >> president brandon: thank you. can you have a motion? >> so moved. >> president brandon: any public comment on this item? seeing none. -- no, about this item. public comment is closed. commissioner gilman.
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>> commissioner gilman: thank for the report. do you anticipate any concerns that the board of supervisors? you want to make sure they are positive moving this forward. >> we haven't introduced anything at the board yet. we haven't begun the due diligence process but we will. >> commissioner woo ho: in what you planning to use the bond is, this is a city general ox -- obligation bond. the replacement is -- >> city property tax. >> commissioner woo ho: while i understand where we're in march, is there been a forecast interest rate on the bond? is it tax-exempt? >> yes, it will be tax-exempt.
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i have the memo from the office of public finance. i'm looking to see if it actually speaks to what the forecast is. i don't believe that it does. i can find that out. >> commissioner woo ho: which a changes day-to-day. we're in yield curve now which says this is great time to go to the market. >> i spoke to the office of public finance today and specifically to get some information about the reserve for market uncertainty and staff in the office of public finance feel that it is unlikely that market conditions are going to change significantly between now and when we go to sale. >> commissioner woo ho: this bond is from a credit rating stand point? >> it's the city's credit rating. >> triple-a credit rating. city has historically sold bonds
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lowest interest rates in recent years. but the office of public finance typically projects 6% in their numbers but they have come in lower historically for many years. >> commissioner woo ho: since repayment source is property tax in terms of our budget, you have moved some things that are in our capital budget ton funded by this source right? we're going to have to keep a separate budget which is because it's really outside of your normal budget right, to keep track where the bond receipts go? >> the bond proceeds are set aside. we budget for them specifically in a project that is a bond project that we're able to track them separately. >> commissioner woo ho: are we going to consider bond proceed revenue? >> actually, we'll book it as other sources of capital in our balance sheet. we'll be seeing as an asset to
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the port. we're investing in our infrastructure. it will appear on our balance sheet. it will be listed as external contributions to capital. >> commissioner woo ho: there will be other sources of funding? >> that's right. >> commissioner woo ho: the back on capital budget as far as our surplus is concerned -- >> the seawall is listed in our capital plan as an enhancement. in the last version of the capital plan, we showed this $425 million as source to offset that need. >> commissioner woo ho: okay. you'll have do keep lots of different figures and numbers separate. keep track of it. >> absolutely. we're starting -- we know that's in the beginning.
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easier to do at the beginning. >> commissioner makras: i support the amendment. >> vice president adams: good work. i'm interested in the state. i hope we get more money from the state. i had a meeting with governor newsom. he's from the bay area. he understand the importance of the bay area. hopefully he can use his bully bull pit as governor to step up and help the bay area. i think he understands. the lieutenant governor is from here. i think we've got a really weigh in heavy. the speaker from l.a. and politics is a funny thing. you got southern california, you got northern california tony atkins is from san diego. two top positions in the state, the governor and lieutenant governor is from thepbay area.
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we got to get in flont of -- front of them and get some money from the state. gavin understands that. he's got to use that bully pulpit and weigh in and try to get more money in the budget so we can help for these bonds. i appreciate all the work katy and brad all the work you do up in sa sacramento. one thing like politicians you got to constantly knock on doors and you got to be relentless with them. let's get governor newsom down here and let him see the seawall and let him know he's from san francisco. >> thank you. >> president brandon: thank you so much for the report. this is exciting all the work that needs to be done on seawall. we finally have funds to do
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that. i know that most of these funds are designated and contracted and basically reimbursing for the work that we've approved to be done. i'm just wondering if we don't use the reserve, how will those funds be al --allocated? >> the reserve will come in play if the -- if we -- they are assuming we'll be paid a certain face value for the bond. during the sale, it turns out we were paid less than that and we would need to issue more bond, that's where that $2.99 million comes in play. if in the sale we receive the
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amount that we're counting on, then the $2.99 million doesn't get issued. it will be available for the next bond sale. >> president brandon: okay. great. thank you. >> you can tell i'm still learning about that. [laughter] >> president brandon: thank you. commissioners any other questions? >> what would happen if we issued and we get more? >> i don't think that they -- i don't know the answer to that question. >> commissioner woo ho: you're talking about the subscription. it's whatever the city decide they do not allow everybody to buy who wants to buy. if they want to allow subscription, they can. >> president brandon: what is the amount that we need? >> our project amount is
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$45.8 million. >> president brandon: got it. we're trying it get close to that as we can. >> yes. i think almost certainly we'll get to $45.8 million. >> the reality is they'll see it down in price. that will be the net result we'll see. if they go to price it, they'll drop ten bases points and meet the mark. >> president brandon: thank you. one other question. >> on the pricing of the bond cost issues, is that a sliding scale percentage of the proceeds or is it a flat fee? >> the cost of issuance i believe is a percentage. >> commissioner woo ho: we know we'll eventually continue to
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issue more bonds. the question is, if it is a percentage, then it obviously reflects, it's a variable. if it's a flat fiancee, yo -- ft to have a larger bond issue. >> we're conscious if we had a smaller bond issue, we would want to partner different g.o. bond sale with health and safety or rec and park so we would be spreading the cost. >> commissioner woo ho: who is the underwriter? i know we don't get a choice. >> the office of public finance has a pool that they selected through a competitive process. they walk through their list. i'm afraid, commissioner, i
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don't know the answer to that. >> commissioner woo ho: in the future we should know who the underwriter is. >> president brandon: any other questions? all if favor? >> aye. >> president brandon: resolution has been approved. [agenda item read] >> good afternoon commissioners. i'm environmental affairs manager in the port planning environment division. i'm here this journey to talk about biodiversity in san francisco. biodiversity is a term that refers to the variety of life on earth. it refers to diversity at the
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genetic level so the variation that exist in the gene pool of a particular population. it refers to biodiversity at the species level. how many different species are present in an ecosystem and it refers to diversity at a ecosystem level, how many ecosystems are present on our planet. biodiversity creates healthy and resilient ecosystems that provide our food, raw materials, clean water and medicine. biodiversity support our physical and mental health. in 2018, the san francisco board of supervisors unanimously passed a resolution that established biodiversity as a citywide priority and articulated five goal it is the city to pursue in support of biodiversity. the port's strategic plan includes a goal to implement the
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citywide biodiversity policy. the port strategic plans includes related goals of protecting the bay and ecosystems and providing equitable access to public immigrants on th -- benefit on e water front. biodiversity is the basis for many of the ecosystem services that healthy ecosystems provide to us. ecosystems services is kind of economist way of referring to all the things that nature provides to us. ecosystems services include soil formation, pollination, nutrient storage and recycling, water filtration, food production, pharmaceutical production. it's interesting to note that more than 40% of the pharmaceuticals used today are either extracted directly interest plants or they are copies of made in the laboratory
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of compounds extracted from plants. plants and biodiversity provide climate stability. plants capture carbon and plants in the urban environment help reduce heat island effects. biodiversity is declining rapidly worldwide as species are becoming extinct at a faster rate than any time since the mass extinction of the dinosaurs. habitat loss is the primary cause of extinction. biodiversity hot spots are areas that are prayer ric -- particuly rich in diversity. the international union for condition vacation of nature has -- identified 35 biodiversity hot spots in the world. california is one of them. in the san francisco bay area, more than 30% of the historic sides of our san francisco bay
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has been filled and in san francisco, 95% of the land has been developed. yet, san francisco retains valuable biodiversity. san francisco is home to approximately 300 species of birds, 35 butterflies, 150 bees, approximately 470 plants, 22 of which are rare, threatened or endangered. so much those species are found on port property. biodiversity can exist in our open spaces but it can also exist in the built environment. we can promote biodiversity through encouraging appropriately designed landscape areas. for example, a study that was published by the smithsonian institution regarding a particular species of chickadee
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that lived in the neighborhoods, the suburb areas surrounding washington d.c., was initiated because the population of this chickadee was dropping rapidly. researchers from the smithsonian institute tried to look at what was causing this decline. found that the chickadee involved andfuls adapted to eat a particular type of caterpill caterpillar. that native plant was not found as much in this suburban area. they started a campaign with homeowners in the area to start planting that native species again and found that within four years, the bird population had recovered to a sustainable level. this is just an example of how even small changes in the urban environment can have a really powerful impact on biodiversity. they found that on a
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neighborhood scale, 70 to 30 ratio, 70% native plants to 30% nonnative plants what was needed to keep this bird population sustainable. the city first biodiversity goal is to maintain biologically rich ecosystems. the port strives to protect and enhance its bay and shoreline ecosystems during its maintenance and construction project as well as in its development project with development partners. the port also partners with others including the department of recreation and parks and autobond society. the city second biodiversity goal is to provide equitable access, awareness and experience of nature. the port supports equitable
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access to nature through its support or environmental education program and public participation programs for youth and adults and also our partners at autobond society. underlying this pool is the understanding that access to nature is a health equity issue. many studies of the interaction between nature and health t found that time spent in nature reduces anxiety and depression in adults, it produces happier more self-confident children. time spent in nature can help prevent and treat chronic illnesses including hypertension and diabetes. it promotes exercise and relaxation and social bond.
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children hospital of oakland is so moved by the findings of all of these studies. they have taken to prescribing time spent in nature to their young patients and families and established partnerships with the's bay regional park district to provide transportation and incentives to get their young patients out spending time in nature. the city's third biodiversity goal is community and ecological stewardship. which means bringing our city residents to experience nature in a hands had o-on way. the port partners with the recreation an parks department youth stewardship program which leads education and volunteer programs and the green acres program which gets teenagers from the southeast out to our
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open spaces. the society leads school-based programs and adults and volunteer opportunities at pier 94. the city fourth biodiversity goal is ecological planning and design which refers to considering habitat value in planning and design of our urban environment. as evidenced by that study of the neighborhoods in washington d.c. that i was just telling you about, consideration of plant selection in urban landscapes can have very powerful effects. the san francisco department of the environment has developed the plant finder which fs an interactive web-based tool that planners, architects, homeowners, ecologists can use to choose habitat friendly plants that are also adapted to
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their neighborhood level specific microclimate and soil type. the port routinely uses plant finder to specify landscaping and all kinds of projects from small to large. bay view gateway includes plants that were celebritied to thrive by diversity in an urban environment. similar to designing land-based projects that support biodiversity, the port can also design shoreline projects that promote biodiversity. in the vernacular of coastal planning, such projects is is gray-green continuum. it's a hardened steel or
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concrete or similar kind of material whereas green shoreline might be purely natural shoreline with just vegetation and there are all kinds of shoreline treatments that fall on that continuum in between. the port seawall project, for example, is probably going to be on the gray end of that spectrum because of the physical and other demands that it has to meet. elsewhere on the shoreline, port staff are planning and designing a living shoreline stabilization project that's going to involve a dynamic sand and gravel beach with shore layne planting and oyster restructures that will serve as habitat and also waive continuation features. project like that will be closer to the greener end of that spectrum.
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another example of small ways that the port is working to support biodiversity on our property is a recent effort undertaken by our maintenance division with encouragement and technical advice and so that image in the upper left hand side of your view there is of two ospreys who has been raising clicks. they're on a live web cam and have over 3000 followers because we're just all suckers for caught babies of all kinds. over the past few years, it was brought to our attention that there was a pair of ospreys scoping out locations in the pier 9 94, 96 year that might be suitable for nesting.
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we installed an osprey nesting platform at the top of very tall and very smooth pole. the pole has to be very smooth so urban predators can get the eggs. you see one of our port laborers with the assistance of man lift provided by our tenant. carefully placing sticks in the zena net. they're out there. they are kicking the tires we're hoping that we will have a successful osprey nest this year. with that, i conclude my presentation i ask for your
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approval to support and implement the citywide biodiversity goal. >> so moved. >> second. >> president brandon: is there any public comment on this item? i do have public comment. >> i'm eddie bartley. i'm the president of the california native plants socie society. we are encouraged by and highly endorse the biodiversity resolution passed in 2018. we strongly encourage your agency to embrace the resolution to its fullest extent. san francisco, despite our environmental credentials, we have one of the lowest native vegetation of any city in the
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america. we're probably somewhere between 10 and 20 percent. it's not been studyings along that line. in comparison, new york city has done undertaken a study to look at their ecology and they are somewhere over 50 to 60 percent native vegetation there. lot of this is because of our very mild mediterranean climate but also, there has been lot of plants that have been brought in by the commercial gardening industry and pretty much has become the normal here for exotic plantations to happen. historically, the agency here in
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san francisco have to some degree, through their policies also encouraged exotic plantations. we like to see that change a bit to where now that we know lot more about how coevolutionary principles work w elike -- we like it see real push to put native plantations into the plants that are suggested at the landscape design level. we encourage the port to consider the local biodiversity whenever any landscape design is considered and in that includes existing and new building development as carol mention, there's a lot can be done which
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landscaping around buildings that would help out our wildlife a lot. thank you very much for accepting public comment. >> president brandon: thank you. noreen weeden. >> good afternoon. thank you for accepting public comment. my name noreen weeden i'm with goldengate. it engages peoplely to experience wonder of bird and translate that wonder into action. we protect native birthday population and their habitat. we've been connecting people with birds and their habitat and protecting our local environment for over 100 years. we've partnered with the port of
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san francisco at pier 94 and last year. over a thousand volunteers participated in events planting flayive plants, removing nonnative and weeds and collecting native seed and learning more about our local native environment. there are over 400 bird species that rely on san francisco either as a winter habitat as a valuable resting area during migration or as important area roosting and nesting along the shore and within the city. these birds evolved with the native plants. they depend upon them for nectar, for feed and for the insects that are attracted to the plants. san francisco is in the midst of the specific flyway which is
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major migratory root for birds. now we're faced protecting our environment and national heritage despite increasing urban density and climate change. goldengate supports biodiversity and encourages the implementation of the resolution and the biodiversity leadership of the port. we look forward to our continued partnership. thank you. >> president brandon: bob hall. >> thank you. san francisco is a leader in composting, recycling and with having access to parks. now the city is stepping up to address the biodiversity crisis.
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i urge the port commission to pledge to do all they can to support the biodiversity resolution, passed by the city but also by the state of california. they just passed their own in september why? urbanization and habitat lost pesticide as well as climate crisis is causing worldwide biodiversity. in places where long-term insect data are available, insect numbers are plummeting. a study last year showed 76% decrease in fly and insects in the past few decades. the food web appears to be collapsing from the bottom up. one the biggest impacts of insect loss is on the many birds, remembe -- reptiles and amphibians. the port commission can make a huge difference by simply planting local native plants and
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all new projects. native plants support wildlife because they've coinvolve together over thousands of years. native plants help clean water naturally because they have deep root systems that anchor soil and filter and collecting dirty run off from streets and separating out pollutants while absorbing water. native aquatic plants produce oxygen for fish reducing mid-summer allergy blooms and murky green bay water. biodiversity resolution is a road map to follow. i hope you can get on board and do the best you can by helping biodiversity. thank you so much.
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>> president brandon: thank you. >> good evening commissioners. thanks for the update. you work at the department of environment. i've been working with carol for many years. really happy that she gave such a wonderful presentation. i don't have to say much. carol gave a great presentation. i wanted to introduce myself and say how thrilled we are that you all are talking about this today.
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carol and i and others on the port, i think we had strategic partners. with it resolution and the work going around to different commission, we're trying to elevate the level of partnership and the am of -- amount of collaboration and success working toward our goals. thank you very much. >> president brandon: thank you. >> thank you for the time. i was at work late. i was here -- i like to for you it consider reason to reject the decision to give these seawall lot on the embarcadero to the city for the homeless shelter. >> president brandon: sorry
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that's not this item. >> i thought were open comment. >> president brandon: not yet. we're almost there. >> all right thank you. >> president brandon: thank you. is there any other public comment on this item? come on up. you go first. >> good afternoon. i'm here both as cochair of the maritime advisory committee also as a member of the water front land use planning work group. i have to say, like peter, i was delighted to see this on the agenda. the resolution asking you to support the biodiversity goals which we maritime committee supports. we had wonderful conversation about boogers at the water front planning session. peter came to that and encouraged us with a lot of
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ideas. i was pleased to see some of the policies coming out of that. second thing, i wanted to say that why -- you might say, why is this important to the maritime industry? we operate, the port operates if the crucible of life. water, plants, wildlife in san francisco bay. it happens all over the world. a resolution like this enables us to be more successful in carrying our environment in which we operate. that's one reason you are enabling us to be more successful in stewarding. going up to the next level, any project that happens on this water front, there are enumerable permits to secure.
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better we can do in saying, here is a resolution it has the word and policy in it, we endorserd these and can use these in our statements of minimization, a whole play of ideas. that's why this is important too. thank you. >> president brandon: thank you. is there any other public comment on this item? seeing none. public comment is closed. >> commissioner makras: i support the item. implementation, we approve today that all future projects and everyone would implement lots of them. is that accurate? >> yes. it's not intended to be a
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regulation or hammer that we're going to put on ourselves on our tenants or development partners. it's really more a statement of intent and aspiration this is something that we believe in and work it achieve these goals. that we're going to do that in partnership with our tenants, our development partners, nonprofit organizations and the community. >> commissioner makras: i don't think i had a follow-up to that. it's optional? i prefer that it's optional. >> it's not a regulatory requirement. i guess you could construe that being optional. >> commissioner makras: in your presentation, you referenced water filtration. can you walk me through where
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that would happen? >> one of our commenters described it well hen he was talking about native plants now they function on land in terms. ash absorbing water and deep ratted and helping get water trapped into underground where it's filtered. but that process works the same way in the water and on the shoreline where shoreline plants absorb contaminates and release oxygen back in the water. >> commissioner makras: it's is natural process versus a filtration? it's to get a different result. >> programs that was an awkward choice of words. that's a process that healthy ecosystems provide naturally. >> commissioner makras: thank you. >> commissio g

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