Payment will be due and clarified in a proposed amendment weve added language to exhibit f. In the unlikely event that this type of delay occurs. If the develop or chose not to issue this perform bond the completion of Housing Units and finally we added the subordinatation agreement says that any lenders to the project would be required to first sign which states the lender would still be subject to the Development Agreement with that ill turn it back to ken. Thank you. Thats the conclusion of the presentation. If you want to do questions for us now or hand it over to the next presenter. Its up to the committee. Do you have any questions . No. Okay lets bring up the next presenter from bl a. Good morning supervisor tang and cohen and we submitted our report on monday on this proposed Development Agreement and i believe that the office of economic and Workforce Development has adequately described the agreement. One of the things about the ordinance before you approving the agreement is
And, for example, installing the 8 megawatts of rooftop solar on city facilities as well as the grants that have been provided for private solar on rooftops. But the system is aging and needs a great deal of improvement. Take a moment and think about our mountain title as an example, its been in Continuous Operation for over 80 years with very minimal improvements. And, so, you will hear from us as our commission has been deliberating over the last several months, that our Capital Needs have increased significantly. We run a system that is in large part 50 to 100 years old. And many of those assets have had little to no refurbishment because they were built to last that long, and thats a testament i think some of the [speaker not understood] soundness of the men and women in San Francisco and those that came before us. The Central Capital improvements mean that our capital plan and our required spending is going up over 500 million alone and closer to now be a total of 883 million of e
Economic assistance and impose sanctions on russia. Also on the agenda in the senate this week, a bill to extend Unemployment Insurance and a measure to repeal the current formula for medicare payments to doctors. The house returns at noon eastern with legislative business at 2 00. Nine suspension bills are on the agenda, one includes a measure to allow individuals to make taxdeductible donations for 2013 through april 15th of year. Votes are not expected in the house until 6 30 p. M. Eastern. You can watch live coverage of the house on cspan and the senate on cspan2. Cspan, created by americas Cable Companies 35 years ago and brought to you today as a Public Service by your televisioning provider. Television provider. Host and joining us this week on the communicators is the chairwoman of the federal trade commission, edith ramirez, thanks for being with us, we appreciate it. What, when it comes to telecommunications, whats the ftcs responsibility in that area . Guest well, peter, let
Million alone and closer to now be a total of 883 million of essential Capital Improvements. We think of our capital as both essential. You have to do it in order to keep thing just running and the low cost power coming into city hall and funding all the street lights, the General Hospital and the muni. And then also there is a lot of other Capital Projects that youll hear about during our Budget Hearing that we would like to be able to do, but theres just not funding identified yet. So, youre going to hear Capital Needs in excess of a billion dollars. Mountain tunnel alone i mentioned earlier is one that is about 6 28 million, and this tunnel has been in operation for 80 years ~ with little maintenance at all. And its a function of how well it was built and being built through granite. Additionally, to the expensive and not aging infrastructure, we have benefited significantly as a city from very low cost of distribution rates. An Interconnection Agreement settlement in 1987 with pg e
The pucs power enterprise was balanced the last two. Previous to that it was not balanced and it showed a shortfall. But it did you point out that it is relatively straightforward if we dont have more revenues to pay for costs, we could only buy what we can afford to. So, here again now, we fast forward two years three new pieces of information mean costs even larger than what we have ever assumed. Mountain tunnel was already in last years capital plan [speaker not understood]. It was in it for the last several as far as the maintenance work, but it was in at 100 million of cost. With the potential for collapse of the mountain tunnel which would disrupt the water supply and a recently completed engineering study, though costs have gone upwards of 6 28 million ~. So, that, sir, is new, and i do understand that that would be a very surprising and large change. The Interconnection Agreement expiration, though costs have always been in our tenyear plan, but not to the recently filed and he