Page 31 - Development Design News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Of Gross Revenue in the table and the staff report, you will see an indication that the base rent, the net rent to the port are the same under the current lease and the new lease. However, [speaker not understood] a higher minimum base rent to the port over the term of the lease. Where i indicated earlier, there is going to be a new yearly termination of the lease by the tenant. We want the tenant to be able to stay there for a minimum of ten years. At the edv of that ten years they have to provide the twoyear notice to terminate so that will give port the opportunity to issue an offering or l...

They go to the board and try to get an ad back for additional funds that things that they think that they need. But the boards discretionary money is limited and each individual member of the board has neighborhood priority and so actually we did get the money in an ad back for the board this year but it was targeted and helping us implement the new lobbyist regulations. Whatever success that we had in regard to getting money for the positions that were unfilled, and the success always, came from harvey roses office in terms of lobbying them, and getting it with the budget analyst, office, bef...

Tenants often require in the lease to say if things are not going the way they had planned or projected, [speaker not understood] they want an opportunity to help out. When the fifth amendment to the current lease was entered into in 2007, bae was not given the option to be able to [speaker not understood] not until january this year. So, that was a six and a quarter year from when that provision was provided. So were carrying forward the same term into the new lease because the new lease is going to be for 20 years. So, we are including an option, new yearly termination until 12 years into th...

Horizontally. And then the final images of you from donahue and kirk wood, we had the bays along donahue, we have stooped along that street so people can enter their unit along the sidewalk to activate the edge which is a requirement for the d for d and then weve introduced sun shades on this as well as a portion of the frydale. It provides shadow for those units facing this west orientation. I have a couple material boards up here that i can pass around later after the presentation but basically the materials on the building are painted a cement board panels, painted horizontal citing, we hav...

Formally redevelopment land gets the agreements that we had that the state has in their infinite wisdom decided to honor and keep in fact, i think we are one of the few redevelopment agencies in the state of california, particularly the governor had appreciated the way we conduct ourselves in all of the redevelopment agencies decisions. Something i know he realized that because we have a lot of things we are doing and doing it correctly. Its also thankful because this project continues to contribute signature amounts of money to the Transit Center and that center is going to again be the Grand...