SFGTV May 6, 2014
These obligations primarily include annual payments in lieu of taxes, our standard Design Review and design approval procedures and contracting local hire and workforce programs. The release has the potential to reduce the amount of tax increment generated in the south plan area, which would thereby negatively impact ocis ability to meet its Affordable Housing and infrastructure obligations in the south area. So to avoid these potential impacts ocii has negotiated the memorandum of understanding, as well as related agreements as a condition to granting release from these obligations. Now i wil...