Page 5 - Augmentation Fund News Today

Will have transfer tax above what we projected in the report on what we see in the current month to date. Under our reserve provisions, 75 of that goes, is deposited to reserves. There are other offsetting revenues that we would also want to be mindful of. Im trying to think of theres a few that kind of, i have my eye on. One is sales tax, one is interest earnings, kind of like a sleeper revenue, but we assumed pretty substantial growth in that, so i dont know where we are going to end the year ...

Year, but what we had as of june 1st. We also reported briefly on the discretionnary general fund. So, the citywide General Fund Budget is increasing by 10. 5 , from 5. 5 billion in the current year to 6. 1 billion in the proposed fiscal year 201920 budget, and after set asides and base lines, 3. 6 billion in discretionary general Fund Revenues in 1920. We also briefly reported on budgetary reserves as you have also heard from the controllers office. These reserves include the rainy day reserve,...

City clerk the issuance and sale of multifamily housing Revenue Bonds not to exceed 325 million for the purpose of providing financing for the acquisition, development, and construction of a 550unit, mixed income, multifamily rental Housing Project located at 15001580 Mission Street. We have amy chan with us to present on this item from the office of housing. Good evening, chair cohen and supervisors yee and tang. Amy chan from the Mayors Office of housing and Community Development. Item one is ...

And b announcement of the prohibition of please be advised the ringing of and use of cell phones, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room meeting room responsible for the ringing or use of a cell phone, pager, or other similar soundproducing Electronic Devices. C an animate of time allocate for Public Comment a member has up to 3 minutes unless the commission adapts a shorter...

Mayors office of housing. This property as you may remember it was acquired on november 12th through eminent domain. In may needing an rfp was issued for the property a proposal for the messing mercy heirs was selected as hes winner and plans for 66 unit of housing with one managerial housing. On november 16th, needing we got a loan of 3. 2 million to move the project towards Construction Since is predevelopment loan was accepted we got additional funding from the development program. And well a...

Of the environment for the loan ever 2 hundred and 6 street parcel and lot number 001 to the Mayors Office of housing and Community Development a accessing assessor agency. Madam chair thank you id like to move item b to the content agenda you have the minutes first, you have them in your public packet any Public Comments on the minutes. When ready someone by a motion on the minutes i move that we approve the minutes for april one. Thank you very much and that was a special meeting is there a se...