Page 3 - Parcel Development News Today

Million in net tax increment and so not enough to go out for a short term loan. On our own and be solely backed by tax increments. And the tifia loan does have conditions for disbursement and the two key conditions are selling 429 Million Dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we anticipate reaching the 429 next fall, when blocks five and eight close in september and october res...

Term repayment source, for a long term loan like tifia with a 35 year plan and, we have a rating for a 35 year loan with tifia and it is not a mature, credit, yet. Though. And we received our first tax increment this year, about a million and a half dollars over the next four years, until 2018 and it has paid it that we will collect about 9 and a half million in net tax increment and so not enough to go out for a short term loan. On our own and be solely backed by tax increments. And the tifia l...

At that time, and early 2015, we have the cash flow needs and we need to certify the contracts and keep the project moving on schedule to maintain our schedule and we did as many as you know, did request from tifia has far back as 2012, that we be able to draw down on the loan earlier, and perhaps, in proportion to the amount of land sales that already had been achieved after months of discussions, they were not able to accommodate that request. But they did agree to amend the loans to allow us ...

Slightly ahead of schedule and keep it on the trailer and park the trailer in the storage lot and bring it out to the project as they need it. And obviously it is close timing between feeding the project with the steel arriving and because we dont have especially for the size of the elements we dont have the storage on site, later when the train gets poured and the floor slab for the finished trades there will be more room to stage the material on there and the bus deck and the roof deck for the...

Residential sb not boring bland mission bay too, but im sure youll be working on that. The design issues that are addressed in the approval are all important to us, adding more bicycle parking would be very important to us and the use and operation of what is going to be called a Community Space on the roof is very important to us. The developers been given an extra floor of titlement in exchange for this being a Community Space and we want to make sure that it is truly usable for the community....

A short term loan. On our own and be solely backed by tax increments. And the tifia loan does have conditions for disbursement and the two key conditions are selling 429 Million Dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we anticipate reaching the 429 next fall, when blocks five and eight close in september and october respectively, dem nation of the full funding for the project and...

In france which is simply part and parcel of this tool will try to always be. We must make sure that europeans and africans at all those also who wish to be part and parcel of that development that has to be able to work to get out which obviously means what that must be security and over and guided africa some friends on the wishes also to play the role that calls upon it in conflicts all thing. What festival in italy. We encouraged the resumption of a double eviction palestinians and israelis ...

Start the mass rating for the vertical project that will happen on block 7 and 11 and the other phases will be deteriorated and stubbed out for utilities. Well submit our tax credit mraikts application in march thats for vertical process of 7 and 11 in july well have our mixed finance closings which essentially locks adopt all the finance for the vertical component and after september after construction well begin the vertical piece on block 7 and 11 that concludes my presentation. Those are r a...

Two. In february and march well start the mass rating for the vertical project that will happen on block 7 and 11 and the other phases will be deteriorated and stubbed out for utilities. Well submit our tax credit mraikts application in march thats for vertical process of 7 and 11 in july well have our mixed finance closings which essentially locks adopt all the finance for the vertical component and after september after construction well begin the vertical piece on block 7 and 11 that conclude...

Modernizing our Transportation System to meet the future needs of the bay area is a strong caltrain and that includes electrification, it includes highspeed rail and of course it includes extending caltrain and highspeed rail to the transbay terminal. And, so, were going to hear an update today and well, colleagues, if there are no introductory remarks, well hear from john ram, director of planning. Thank you, supervisors. John ram with the Planning Department. Im very much pleased to be here to...