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Enclosed that possibility so the board voted in order to comply with Historical Preservation laws and policies it will not move to demolish it even though there might have been an argument the need for greater immensity we might have been able to get the approval from the commission we decided we were working in partnering with the city not to pursue that at the end of the day thats one of the reaps why m mc decided to secondly, it it will be a greater liability for money to take it councilmember their program 80s to rehab the building its a significant sizeable property and it exceeds over 35...

Action 90 madam director. Good afternoon, commissioners and New Brunswick u members of the public thank you for joining us commissioners this is a proposed assignment of on Economic Development loan to the center made in 1994 certainly like as weve seen a number of items got catch up in dissolution and at this point we are recommending the assignment to the city as the housing successor so the citys plans and missions neighborhood plans for Affordable Housing project in the mission at the 24th street location can happen with that, id like to ask clinical 10 the Senior Real Estate developer spe...

Into an agreement with the city of San Francisco i city ac throw the Mayors Office of community and development a 250,000 between the Neighborhood Center and the formal dissolution law action 90 madam director. Good afternoon, commissioners and New Brunswick u members of the public thank you for joining us commissioners this is a proposed assignment of on Economic Development loan to the center made in 1994 certainly like as weve seen a number of items got catch up in dissolution and at this point we are recommending the assignment to the city as the housing successor so the citys plans and mi...

Victor mary confesses might be able to talk about that. Well, we actually discovered when we approached the agency over 5 years ago to try to see if we could have a part of the loan forgiven at that time, navigate we scheduled the item to come before the commission over 5 years ago but we decided that that was better to just let the time run because it was going to be an impossibility it was not dlofrdz until i reviewed the loan document and brought it to the council more and more wills this was a mistake that had been made in 1994 unfortunately yeah. Do you have any questions i want to raise ...

Legal be combonlt stopped it from the full term caught between a rock and hard place the Mayors Office has identified this as one of four important projects in the Mission District and were working with the, in fact, weve got a meeting with the mayor on thursday to look at feinsteins opportunity to get the project underway. Okay. Thank you do the commissioners have any questions. This loan is going on for a long time is it a loan or grant . Its structured as a loan but it is structured so it can be forgotten at the end of the term if all conditions met in if not due what are the conditions. Th...