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Achieve and base on how big the center was. What we are assuming happens in order to get subsidy spots what i understand is when a family is received subsidy they qualify based on their income and they pay a very either sliding scale or pretty minimal am so im not sure what that minimum amount is, but i understand its very limited, very small amount, or a sliding scale based on what they can afford based on their means daks. And the subsidies are deferred by the First Five Program in San Francis...

Commissioner mondejar. Id like to hear from mercy housing housing, do you have any comments . Good afternoon commissioners, im Barbara Walker with mercy housing. Id like to tell you were thrilled to be here before you on transbay. Our transbay block Six Development as elizabeth mentioned is well under construction, scheduled for completion next fall and as soon as that ones finished we hope to start on block seven so i would be happy to answer any questions you might have of mercy that might hel...

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...

Seems pretty straightforward. I just want to know what is the difference between previous policy and now . Do you know . Im sorry, could you repeat that . Yeah, i said what is the difference between the previous policy and this policy . What are the changes . Well, basically that was the list i recited, those are all changes. Some are minor, but fund emptily weve changed it to accommodate dissolution law, first of all. Previous policy did not mention cfd issuance so weve included that because cf...

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 market tables prepared by a fiscal consultant and weve adopted that formally in this policy. The swap derivative policy, which was amended to the 2004 policy was deleted. This revised policy has been reviewed and commented on by the San Francisco Controllers Office of Public ...

Approved and committed it has to be approved by congress and second the state improvement regular improvements funds they have about 75 million it will probably not be on time thats something that staff is working on for looking for funding to replace that. Just really quick circo you explain in terms of the funds for the state what are some of the sources ore staff is looking at. At this time our staff in the finance group will help with that im more on the engineering side of the project and i...

Funds are allocated to fund the project second one is, of course the alternative funding that see required to replace the tuning materials the third although the project is within budget it is slow based on the fta recommendations, however, when april comes along and the tunnel contract is complete that recommended contingency will go in terms of the accuracy of the funding. On that point whats the contingency required and the level. Right now 140 million at this point that is required and the p...

Coming in a timely number and quantities, however, because they require congressional approval we need to insure the funds are allocated to fund the project second one is, of course the alternative funding that see required to replace the tuning materials the third although the project is within budget it is slow based on the fta recommendations, however, when april comes along and the tunnel contract is complete that recommended contingency will go in terms of the accuracy of the funding. On th...

The moscone station excavation is underway last but not least lets not forget the surface station where caltrain is working on the Foundation Piles central subway as a fte in the program that has contract specific goals from 6 to thirty percent those goals are based on the type of works to be performed and the ability of the krarthsd to perform the work the tunneling contract only had a 6 percent goal because there isnt any dbes to do the tunneling work now as of the challenges he mentioned earl...

Mentioned earlier we need to continue with the advocacy for the new funds theyve been coming in a timely number and quantities, however, because they require congressional approval we need to insure the funds are allocated to fund the project second one is, of course the alternative funding that see required to replace the tuning materials the third although the project is within budget it is slow based on the fta recommendations, however, when april comes along and the tunnel contract is comple...