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June 21, 2024
From the prior here, and were allowing a small amount of increase for Retiree Health which is the other agency wide costs i am showing here. We spend a Million Dollars a year to the commitment for the retirees that we give the support for the health insurance. This is another look at the admin costs. Down by the more detailed break out of really the administrative support costs. You can see the salaries increasing by 7. 7 partly due to coalace the pension contributions and as i mentioned one add...
June 21, 2024
The pension up to full funding. Well, really calpers has decided and makes a lot of sense actually to split the two apart so in terms of percent of payroll it will go down to 9 but theyre going to charge a dollar amount and to bring it up to full funding requires the contribution regardless of how much staff we have and estimated that for 537,000. Its going to go up theyre phasing it in and go up over the next couple of years and then stabilize and go down hopefully. They give a discount if you ...
June 21, 2024
You in april i believe, the First Commission meeting in april. So about it says here about 47 of this administrative budget is coming from property tax in items one and seven and the other 53 is from were still using some of the taxable housing bonds for the staff costs related to housing that isnt reimbursed from other sources so while we still have that available were using that and there are other funds as well that help support over half of the costs developer reimbursements and charge staff...
June 21, 2024
Chair rosales, commissioners. Ray miligan contract compliance supervisor. What i would like to get accomplished today is a walk through the quarterly sbe component, the workforce components and talk about some changes with the city local 14b work Performance Program and the next steps that i would like to propose for ocie. Before i get too far deep into the the presentation, i do want to just preface by saying that there are two significant changes to your reports that you should be an aware of....
June 21, 2024
Is absent. Commissioner, we have 3 ayes. The next order of business is 5e authorizing personal serves contract with Public Financial Management ink for Financial Advisory services in an amount not to exceed 122,000 related to the proposed sales of tax exempt and taxable tax allocation bonds for mission bay north and Mission Bay South. Commissioners, as you recall we refunded a number of bonds in the existing portfolio but these bonds in particular, they are still outstanding bonds in mission bay...
June 21, 2024
For Financial Advisory services in an amount not to exceed 122,000 related to the proposed sales of tax exempt and taxable tax allocation bonds for mission bay north and Mission Bay South. Commissioners, as you recall we refunded a number of bonds in the existing portfolio but these bonds in particular, they are still outstanding bonds in mission bay north and south given the particulars of the plan, its a separate refunding, we want to take advantage of lower Interest Rates of refunding compone...
June 21, 2024
Deal of those dollars going with the local workforce contracts. We are shy of the 50 percent goal more at 27 percent, but well walk through that as part of the presentation on why that is and why are we getting those local goals up. We have a lot of activity going on in the city. With that, i would like to ask raymond lee to walk you through this Quarterly Report and we also have the director of the Workforce Division pat miligan who is here and he is joined by other members of the staff as well...
June 21, 2024
Outstanding bonds from mission bay north and two series for Mission Bay South. The most recent calculation which is somewhat dated is approximately 15 million combined. The realized savings will be subject to Market Conditions at the time the bonds are priced which is likely to be in the summer or fall of this year. The new money tax exempt bonds for Mission Bay South will fund the reimbursement of infrastructure cost and support the continued strong pace of development in the project area. The ...
June 21, 2024
Board here . Hold my time. Can i show this since you say i dont know what is going on in western edition. Right here you you act like you dont know who is in control. Thats the meeting tonight with the hoo, the association upstairs. Theyre meeting in the screen room in which i dont know if you know the lox was changed friday and i will talk about that in Public Comment and christina i was trying to get a hold of her for two weeks and i thought she was missing in action and they are saying the re...
June 20, 2024
Horizontally. And then the final images of you from donahue and kirk wood, we had the bays along donahue, we have stooped along that street so people can enter their unit along the sidewalk to activate the edge which is a requirement for the d for d and then weve introduced sun shades on this as well as a portion of the frydale. It provides shadow for those units facing this west orientation. I have a couple material boards up here that i can pass around later after the presentation but basicall...