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Budget could absorb that. And so my first question is, what are the key risk items, and you may have said this, and just articulate again, the risk items of being able to do that . And in the probability and then in the second piece is, if you are not able to do that, and you go and you go to the full extent until you have to have the tax increment financing, what is that, what is that equate to in terms of what the budget can absorb and what additional funding would be needed . Sure, i will address your first question, first, about the risk. And so the risk of not being able to pay back is th...

Are looking at early 2019 before there is a possibility of a payment default. And as a mentioned before that, before we got to that point, we would have undertaken the process, issue a tax increment and that will return to the bridge financing before returning to the bridge collateral. And so the remaining actions to close, and mtc does have to finalize the approval of the quick claim amendment and as i mentioned that will and should occur next week. The oci, and the city, and the board of supervisors do have to take some legislative actions, and because the city is a party to the option agree...

Okay, so now to business more business i should say please call the next item. Items 5g and h will be presented together, but acted on separately. Item 5g, authorizing a Loan Agreement with mercy housing a California Limited Partnership in an amount of 3,382,000 for Affordable Housing units at 222 beale street on transbay block 7 pursuant to the California Environmental quality act. And item 5h, approving a revision to the transbay block 7 Schematic Design package originally approved by the commission on april 16, 2013, to reorganize some of the ground floor uses to create building efficiencie...

Joined by courtney, the transbay assistant project manager. Good afternoon. Im elizabeth, Development Specialist and im here with those two requests today. I did want to mention that in the rezs theres a change. Now back to the project. The project will be an affordable 85 unit family project and will include a child care facility and open space. This project is part of a larger master Block Development in the transbay redevelopment area. The transbay redevelopment project area was adopted in 2005 with the purpose of redeveloping 10 acres of property that were owned by the state of california ...

7 pursuant to the California Environmental quality act. And item 5h, approving a revision to the transbay block 7 Schematic Design package originally approved by the commission on april 16, 2013, to reorganize some of the ground floor uses to create building efficiencies and increase from 77 to 85 units and making environmental findings pursuant to the California Environmental quality act, trab redevelopment project area, discussion and action, resolution number 712014. Madam director. Thank you. Commissioners, as you know in the transbay district where you have land use, contract and design a...