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As well as the establishment of a [speaker not understood] Improvement District allowing for the district to levy assessmentses of up to 1. 5 to do improvements. 5 of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. So, weve already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. And we also partnered with sf travel improvement. We are now proposing as part of the expansion another collaboration. So, this is similar to what weve done historically. Thank you. This slide is a highlight of attachment 3 of the budget analyst and legislative report. It shows you a huge cash flow. We are proposing a not to exceed amount of 507. 9 million, and weve assumed an Interest Rate of 6 . We are req ....
Im counting the hotel tax as a whole. So, not all the hotel tax goes to the general fund. Fair enough. I get where youre coming from. Okay, thanks. I want to make sure the public was very clear on all those combined benefits. Colleagues, do we have any questions for mr. Eagan . Okay, seeing none, thank you very much. Appreciate it. And at this point wed like to call our last speaker, our budget legislative analyst for their report. Mr. Chair, members of the committee, supervisor kim, we report on pages 17 and 18 that the proposed expansion of moscone would yield annual additional tax revenues to the city as has been indicated of approximately 5. 8 million in fiscal year 17, 18, and up to 6. 6 million in fiscal year 21 22. Generally estimated, ourest mass of 24 08 for 37 new one Time Construction jobs and up to 9 45 ongoing permanent jobs by fiscal year 20 21, 22. Provide an estimated 3 82 million in construction expenditures fo ....
Program, as you can see, the 500 Million Dollars project and the 150 is not sufficient, we could potentially reduce that 41 million to zero, which would reduce the overall borrowing cost of the transaction. So, colleagues, this is something i talked to ms. Sese about last week when i was briefed on this project. And i think its something id like to be looking at later on this year. I mean, this is if we have this expansion potential for commercial paper program, this is millions of dollars of cost savings for the city longer term. So, not for this today, but something in the future i wanted to flag it. But thank you for talking about that. Thank you. Thank you, nadia. As you can see by the schedule, we have a lot going on. Excuse me real quick, supervisor avalos. I just have a quick question. Perhaps, john, you might be able to respond. We have our tourist Improvement Dist ....
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