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Transcripts For SFGTV 20130130

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 requesting that as part of the approval you authorize the [speaker not understood] to use commercial paper during the co

San franciscoUnited statesKevin carolTed eganCraig swanTed eaganImprovement districtShows hugeInterest rateConvention visitorsConvention visitors bureauVisitors bureauHotel taxHotel tax revenuesStabilization fundPay debt service

Transcripts For SFGTV 20130131

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 for an additional 3 71,000 square feet. Thats an estimated 1,

United statesSan franciscoJason leeKevin carolSherri danGreg swanCraig swanTed eaganHotel taxFiscal yearTime constructionMillion constructionAvailable hotelHotel assessmentGeneral fundDistrict hotel

Transcripts For SFGTV 20130201

It were by background, an annual appropriation by the general fund, making the Convention Visitors bureau rather than applying it to its operating budget. The proposal is to reallocate toward the repayment of cop. These are not new dollars. These are dollars that have already been committed historically to the convention [speaker not understood]. The next slide is the sequence of how the flow of funds would work. As you know, by requiring 6 proposing 6 interest, it is way higher than your typical the current market. In addition, we assumed in looking at the med assessment, if you look at assessment 3, that there are no it is just a cpr of 3 . It doesnt assume any additional growth in Hotel Tax Revenues and so on. By using those conservative assumptions we have discussed and in agreements with sf travel we would establish a Stabilization Fund of approximately 2 million. And the idea was by looking at the last 10 years we realized [speaker not understood] general tax revenues were volati

United statesSan franciscoKevin carolTed eganSherri danGreg swanCraig swanTed eaganConvention visitorsConvention visitors bureauVisitors bureauHotel taxHotel tax revenuesStabilization fundPay debt serviceDebt service

Transcripts For SFGTV 20130202

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 District which probably is going to continue. Is that going to have play any role in the Actual Debt Service that we ha

United statesSan franciscoKevin carolTed eganSherri danGreg swanCraig swanTed eaganMillion dollarsSomething likeCost savingsImprovement districtActual debt serviceDebt serviceConvention visitorsConvention visitors bureau

Bermuda s trip to Consensus a reminder of our progress ‒ Burt - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Bermuda s trip to Consensus a reminder of our progress ‒ Burt - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community
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