Streets. The Navigation Center at 125 bayshore will help those living nearby need. Thank you supervisor cohen for finding Real Solutions and believe the Navigation Center will provide opportunities for safe passage for walking and biking at the hairball and addressing homelessness. Thank you. Any other Public Comments on this item . Come on up. Why did you go to the back . We only called out two names. Come on, two minutes. Good to see you. Good seeing you, supervisor. Listen, might as well get used to seeing me every time you do the public testimony, whatever it is. I am the creator. One of the creators of government channel and i say this regularly, you are going to hear it more. I dont get the credit for it, i dont want credit, you pay me, pay me some cash. Before you go any further, i need you to talk on item six, the Real Property lease. I am, hold the time, stop the time. No, we are not holding time. Why did you stop me, supervisor, i know what im supposed to say, you didnt stop
The developers and the project source, project revenue financing this project have shown the table on page 14. The Developers Equity contribution is estimated to be about 190 million. They have already contributed about 27 million of that towards entitlement costs. With their return, we estimate that the return to developer and the payment to developer will be around 268 million in current dollars. Under the d. D. A. , the developer is paid back from project revenues, prepaid ground leases, rents, financing from the financing district, they say they cannot compel the general fund or the port fund to repay their costs. In sort of summary of this project, same we said when we looked at the pier 70 project, this is complex, the financing is complex. If project revenues do not come in in the amount or the frequency that they are expected, it will cause delays in the project, that would be the major risk to the project. We recommend amending the resolution that approves the d. D. A. To requ
When the project comes before you you take into consideration a few thing is it removing more than one unit of retaining wall housing if so work think the draft resolutions then theyll need to replace that if the new project is also a will rental thats a requirement and if youre subject to the interim controls youll looked at the finding they need to meet the majority of the findings, however from the project was not subject to interim controls youll just apply 317 as you normally do by considering all those things but noted required to meet any of the. Im sorry im going my question it sounds like the current proposals that are grandfathered projects we picked the line january 1st within the next 6 months because the grandfather well see them wherever their calendar. Yes. As they come before you when we made that chart we talked with the staff is working on it and were in consultation with the project sponsor so the staff made an estimate as which projects about come forward in the nex
The. Im sorry im going my question it sounds like the current proposals that are grandfathered projects we picked the line january 1st within the next 6 months because the grandfather well see them wherever their calendar. Yes. As they come before you when we made that chart we talked with the staff is working on it and were in consultation with the project sponsor so the staff made an estimate as which projects about come forward in the next 6 months so the interim controls always proposed we think will only currently go 6 months the only projects that need to be approved will come under this framework. Part one thats the next part 2 the remaining projects look like theyre ready to come before us but after the grandfathered date it reads as were not claerpd them. Okay. So my question what will we see that is subject so interim controls thats not a grandfathered project. Any project were not goes to change the timeline for review of a project or the developer is ready to come for a hea
Take a look at the numbers with ben lomin picking up over an inch of rain. One inch as well. More spot its for you with santa rosa. 84. Napa. 83. San francisco. 36. San jose a few hundred diagnostics of an inch. 08. At least moderate to heavy rain across portions of the bay area. On the radar we have some rain move across the area earler today. That was this morning. Just this time for the morning drive. Things have changed. We had scattered rain out there from this morning and then still a few pop up showers right now. There we go if the live doppler sweep. Some rainfall as you can see. Just to the south outside of sonoma. Moving the maps closer to san jose, morgan hill and santa cruz. You can still see coverage and looks like around the millpedas area. You can see whats developing out here in the pacific. There is circulation out here to the west. That is going be a stronger storm just in time for your friday morning drive. Really targeting Southern California. A lot of the Southern