Page 119 - Development Agreement News Today

It is tuesday, november 4, 2014. It is election day. Please go and vote. With that, madam clerk e please call the roll. Supervisors avalos, breed, present, campos present, chiu present, supervisor cohen, present, supervisors farrell, present, supervisor kim, present, mar present, tang present, wiener present, yee present. Mr. President , all members are present. Thank you. Please join us for the pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the repu...

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...

Could we be more specific on your marketing, marketing plan, how you market it in order to so that we can benefit from the gross receipts . Sure. Well, we do have you know, i have locally a Business Development person who work with me and works directly with clients seeking out opportunities. We also watch of course, all the state and federal opportunities are posted and so we watch for those when they come out. We work with our clients to find out what their upcoming repair need and what they m...

Busy and their capacity question is for them i know were working with them that the revisualization were trying to bring in Additional Resources to get the analysis done more quickly and it is also complicated we dont want to be subsidizing otherwise affluent peopleing in the sites we want to serve people in buildings that are below 80 percent of area medium income that restricts our sites theres a lot of moving parts and it is going slower than we like but we want to develop a program to make i...

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...

[speaker not understood]. Just very briefly, we touched on Climate Change and Sea Level Rise and thats probably a much bigger question than we have time for today, but its impact on operation there and how it states here in our report that there are provisions that reference the impact of Sea Level Rise, but im not sure we have anything more specific, or is that just general statement . Its somewhat general, to be honest with you, but its something that we look at in every deal we do per the com...

Sue hester preparing for the 5 m comments may me think a lot about housing weve had massive shifts in demand between counties and no one no where in the places ive seen is the Planning Department facing how much demand is being shifted into San Francisco pride housing for people working on the peninsula down to Santa Clara County being bused up here and displaced uses between residents because of people being bused are well paid men in their 20s and 30s and the people being displaced especially ...

Concerns i want to outline first and foremost im concerned about the location of the parking garage entrance youve mentioned commissioner its a nightmare to drive down this street without the alleged traffic which is significant it is too close to the sidewalk outside of our business and the basement deliver doors we require those delivery doors to operated our business we get our liquor and dry goods and you name it without those were done im concerned about this impact were at the mercy of the...

Okay, so now to business more business i should say please call the next item. Items 5g and h will be presented together, but acted on separately. Item 5g, authorizing a Loan Agreement with mercy housing a California Limited Partnership in an amount of 3,382,000 for Affordable Housing units at 222 beale street on transbay block 7 pursuant to the California Environmental quality act. And item 5h, approving a revision to the transbay block 7 Schematic Design package originally approved by the comm...

Well over a decade ago. We have before you a proposed amendment to our debt policy to really reflect the state of where things are today, so with that, id like to ask looks like john, our senior financial analyst, to walk you through the substance of the proposed amendment post issuance debt is expandsed to include cfd bonds, follow fcc guidance and to impend the citys disclosure policy appendixes as best practices model to be applied as appropriate. Current ocii practice is to have secondary ma...