Page 3 - Program Renewal News Today

Im not going through the enforceable obligation discussion because there is a lot of information in your memo and if you have questions i will answer. Im going skip right to the disposition plan for those. For 11b and 3, so for parks, 11 b and 3. We have the same disposition. We would basically just retain those temporarily to fulfill our development obligation. We would ensure that they are developed as parks and then once they are developed as parked we transfer them to the city and the city w...

Production. And so there have been there are some things in the farm bill that would restrict Crop Insurance a little bit. Thats thats in the senate in the senate bill. But then there are other pressures to increase Crop Insurance for crops that dont have it. Its much harder to do Crop Insurance for the specialty crops, the fruits and vegetables, the nuts, et cetera, because theyre grown on smaller acreages and so its hard to develop the program in which you figure out what the what the rules wo...

Work together or transfer its interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmenta...

These stake holders out there and yes, yerba buena gardens and the plans are to transfer the assets of the city and continue to manage in some unified fashion. And the city has stated publically they are committed to keeping them together and managing them together but the exact Management Structure has yet to be determined whether it be some City Department or separate nonprofit or possibly some separate authority. But the estimated transfer date here is sometimes 2015, probably. And the city c...

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