Page 8 - Block Nine News Today

Say is relatively small, and then the full funding condition. The recognition of formation of the cfd, and alleviates quite a bit of that risk, and we are able to use, the proceeds towards the phase one, and so, and of course, it is mentioned that we are talking with the Mayors Office, about and your second question was about the net tax increments take out and i will let, bryant it is going to be a function of hopefully, if the block and the block 8 and five, closed, and then, be able to genera...

What are the key risk items, and you may have said this, and just articulate again, the risk items of being able to do that . And in the probability and then in the second piece is, if you are not able to do that, and you go and you go to the full extent until you have to have the tax increment financing, what is that, what is that equate to in terms of what the budget can absorb and what additional funding would be needed . Sure, i will address your first question, first, about the risk. And so...

Is also the success or agency in matters represented to the affordable housing, with that on, they have to approve the amendment to the option agreement as well as the subornation of the option that they will be entering into. And those have, been introduced, and i have a schedule on the next slide, but we anticipate that the board will be approving those actions, and at their december 9th meeting. And then, a ocii over site board will have to also, approve the items, and immediately upon the oc...

Have the tax increment financing, what is that, what is that equate to in terms of what the budget can absorb and what additional funding would be needed . Sure, i will address your first question, first, about the risk. And so the risk of not being able to pay back is the risk to not be able to draw down on tifia and not areceived, 429 million in land sales which will mean that block 8 or five had not closed as a mentioned things happen and the land scale dates do get closed out from time it ti...

Budget could absorb that. And so my first question is, what are the key risk items, and you may have said this, and just articulate again, the risk items of being able to do that . And in the probability and then in the second piece is, if you are not able to do that, and you go and you go to the full extent until you have to have the tax increment financing, what is that, what is that equate to in terms of what the budget can absorb and what additional funding would be needed . Sure, i will add...

Are looking at early 2019 before there is a possibility of a payment default. And as a mentioned before that, before we got to that point, we would have undertaken the process, issue a tax increment and that will return to the bridge financing before returning to the bridge collateral. And so the remaining actions to close, and mtc does have to finalize the approval of the quick claim amendment and as i mentioned that will and should occur next week. The oci, and the city, and the board of super...

Office on identifying that funding. So we will have a budget adjustment before we are ready to execute the loan, which will meet theirs. We have to. Okay, all right. And i, and i noticed that you had the office of the citys office of Public Finance on the Selection Committee . Yes, we have been briefing them because nadia sits on the ocii over board as well and we have briefed the Mayors Office as well on the real estate klaleral and so they have been involved. And the last question is the margi...

What the budget can absorb and what additional funding would be needed . Sure, i will address your first question, first, about the risk. And so the risk of not being able to pay back is the risk to not be able to draw down on tifia and not areceived, 429 million in land sales which will mean that block 8 or five had not closed as a mentioned things happen and the land scale dates do get closed out from time it time nothing like four years and the bids on those parcels have already been received...

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No. 3 is communications. [inaudible] because i never said anything on any of these things. Communications are announcements, generally, thats sort of the thing we are looking for. Each of us have business about and the next one well get to the board of directors. It wasnt clear to me before and i appreciate being be clear on that. Without communications, next item. You had a little something. Yeah, what was i going to say . Oh yes, i want to thank sf govtv staff, jessie and eggan are broadcastin...