Live Breaking News & Updates on Authority System|Page 11
Stay updated with breaking news from Authority system. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Okay. And so, it is four percent. Yeah, four percent, yes. Sorry. And all right. Is it, is the contribution break down at least locally and because i know that a number of the funding is coming at the state and federal level, is it roughly even between the three counties . Yes. And i just want to understand, sorry, just the page 2. What are the stations and the inaudible stations . Repairing stations are for the signal system, to remain the signals. What does that mean, i am sorry. But you have, the inaudible a series of stations that have transmitted and the inaudible . Yeah. So, that is what they are. That is what a inaudible is . Yes, what is a switching station then . It is to operate the switches. The switches that are for the tracks. Okay. And so so we have a cal train that can help that. And it is from cal train. Yeah. Cal train. So paralleling stations. It is complete because i applied for those. The paralleling station and switching stations are part of the electric part of, a ....
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 help you in your decision making. Thank you. Thank you. Thank you. I just had a small question, just one out of curiosity because i dont recall seeing one of our projects with a Daycare Center. Is this are there others with Daycare Centers that we have under construction . The ....
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 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 FranciscoControllers Office of Public Finance, by jones hall, our current bod counsel, and pf ....
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 cfd issuance is governed by our local goals an policies and thats what governed it in the past but weve tidied this up. In the past we have used a fiscal consultant to prepare the tables if used in our secondary market disclosure just as the fiscal consultant prepares a report for bonds offerings. This is considered best practice and gives us its more holds more credibility with investors and rating agencies to have a thirdparty prepare those crucial tables regarding the revenues that support the ....
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 FranciscoControllers Office of Public Finance, by jones hall, our current bod counsel, and pfm, our current financial advisor. This concludes my presentation. Thank you. Thank you. Any speaker cards . No speaker cards. Very fascinating subject the public does not want to comment on. I mean that, sincerely. Do we have any comments or questions by commissioners . See ....