geneva car barn and powerhouse phase one project. last month, december 2017, board of supervisors adopted five resolutions related to this project, including two in particular i want to talk about today. funding agreement between the city and the community arts stablization trust, and affiliate of the stablization trust. supplemental appropriation is trailing resignation and what it does, allows the city to be reimbursed for project expenses as outlined in the board adopted development services agreement. so, in total, phase one of this project costs $13.99 million. and the best way to think about it, two sources of funding. city funding staying with recreation and park, 2.94 million, a mix of geo bond and general fund, and it's excluded from the tax credit financing deal. going to pay for direct expenses at the powerhouse. supplemental, the other portion, $11 million of powerhouse reimbursement revenue. so, three steps in a simplified manner how the tax credit financing takes place. last month the board of supervisors approved a fun

community gardens, as well as the other geneva car barn, i believe that the -- i read the contracts between mta, there is something about locking in the 7-year with the rooms that are going to be rented out at low cost. i wanted to include a possible addendum to that where there would be possibly interconnected rooms and it would be a display of earlier iconic type of structures, for example, even the -- i can think of the portals of the past out there. and that used to be on sacramento street before the great fire. throughout the city here, we have a lot of iconic artifacts that would be beautiful. there was a place that people can visit. and it would be like a recreational park area. i hope to keep it open so that you don't just totally lock in. [inaudible] commissioner lowe, but possibly locking in on the 7-year space. i like to keep the addendum option open. thank you. >> president buell: thank you, richard. >> clerk: anyone else would like to make public comment? seeing none, this item is closed. >> president buell: chair entertains the motion? moved and seconded, all those in

and mta has been looking at san jose and geneva, so just where the barbecue place is right now, on the side where the upper yard will be and thinking about traffic there. >> sorry to interrupt. are there any specific improvements to the muni? i think that's the problem. there are some improvements to the bart station in the last two years and i can see that right on the street. it's the muni station that is really funky and really inaccessible. you get off bart and have to walk around the block to take the k. >> i think they did do the renovations where you can get on a muni train in the bart station now on the ground floor for one of the lines. but there is on the san jose line and the k, i think they're working on connections. i can get back to you on that. i know there is some construction under way. so you don't have people right now, running into the street to catch the trains. and it's just a matter of time before negative things happen. >> thank you. >> commissioner richards: i've been 3 1/2 years on the commission, and i feel like i'm having an out-of-body experience. if you ju

it is mainly on mission street but also has branchs on geneva avenue, which is an east-west route. in this next map on slide five, you can see the neighborhoods that surround that commercial corridor. the neighborhood boundaries can be a little bit fungible, i suppose, but we've worked with the neighborhood residents to come up with these mission terrace -- outer mission terrace a terra terrace and then cuyaga terrace. this is going to give you a little more texture to this landscape that we've just gone over in the project area. these neighborhoods have a really dynamic history. you can see in the upper left-hand photo kind of a photo from foote and allemany in 1986. you can see there was a lot of open neighborhood waiting to be developed. you can think early 1800's, turn of the last century, and then after the earthquake, developments started to pick up. we saw immigrants coming from all over the world to this part of the town. we saw a lot of italians moving to this area of town, and then, also subsequently immigrants from south america and immigrants from asian countries, so yo

. >> clerk: comprise resolutions that pertain to the geneva car barn and powerhouse improvements. authorizes a recreation and parks department to accept and expend a grant from the california department of parks and recreation for $3.5 million through june 30, 2020. item 48, development services agreement with affiliate of art stabilization trust for the payment of the city's construction costs and related expenses. item 49, funding agreement with art stabilization trust for renovation of powerhouse building. item 50, 50-year lease for powerhouse building and zero initial rent, affirming additional findings. and item 5 up, indemnification of renovation of powerhouse building. >> councillor breed: supervisor safai? >> councillor safai: this is an historic day for the residence of district 11. it's the oldest, most historic buildings that now won a $3.8 million grant on behalf of this revitization, tax credit, and this center will be, we're hoping, one of the premiere arts and performing spaces for children and families, particularly youth under the age of 18. much needed in the par