David Bonowitz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reports were presented to you, in 2010, the public Advisory Community there was unanimous support for the program. This program, the south story ordinance actually was brought to you first four years ago today. You wonder why it has taken many of us wonder that as well. It was actually four years ago today that the report hear today hear tomorrow was brought forth to you. There is caps has evolved into esop the Earthquake Implementation Program which is a 40, excuse me, 30year program. The soft story ordinance is the first step in that. It is the low hanging fruit. This is where we get the big...

I strongly support and urge action on this to support the mandatory retrofit. The category of great risk at hand is the earthquake, but more importantly is the risk of not taking action. Timely action, because what we have here is a land mine. What we will have when that land mine goes off is going to be great damage. The damage to both social, cultural and economic, the categories of our neighborhoods are the most vulnerable within this spector of disaster and it is not just what basically will effect the neighborhoods, but also the economic recovery. Because, the ability for people to go bac...

Urgency there is, i fully support this program. And this mechanism which we have wrestled with for a long, long period of time. So i wonder if you could talk about any kind of movement that we have in helping the building owners with these up grades in a way that does not negatively effect the affordable and the pass through to tenants. Absolutely. One of the things that the commissioner requested of me that we do out reach in a few areas. Out reach to the tenant community to figure out what their issues are. And the Property Owner and more importantly to out reach to the finance mechanisms to...

Now the banks have agreed to come forward to create the mechanism to refinance their property to be able to pull out the additional funds for construction because of the loan to value ratio that is a problem and there is also the availability of doing a secondary loan to access these funds and a gamut of other options some of these buildings are considered historic and so we are working to access the funds to be able to stream line that process as well as our Public Financing component which will be a discontinuing inaudible district and it is similar to the Green Financing in the city it allo...

Again, a lot of thanks is due to the people in our code advising committee and a lot of people who have worked on this for many, many years and for some of us on the commission as long as we have been on the commission we have been talking about it. It is overdue and i am support of it as well. I am just concerned with a couple of things maybe that some of the legislators have not discussed and if they have, maybe they could let us know about it. One was we know that a lot of the buildings the main part of the construction is going to take place on the ground floor where it is mostly parking g...