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SFGTV Government Access Programming July 14, 2024

Many things have changed. Investors are asking for higher yield given what they have seen. And given that this development is not just a hotel by itself, but it will include space for dinner theatre, as well as Public Open Space, the file was different for the investor. Investor said, you know, they requirement needs to be a little bit more than what i agreed to. The developer asked us to increase the internal rate of return, and the participation changed from 70, 30 split with the port to change it to 80, 20. So we push back and we negotiated, and what we identified has changed eyes increasing the internal rate of return and that is listed in the slide from number 1 through number 5. [please stand by] year ten and youre 20, that is where we really see a separation between what the part would have achieved in terms of lease revenue from parking, being much below what we would act the
United States , San Francisco , Annie Jamison , Cynthia Gomez , Erica Peterson , Stuart Martin , Kristin Clayton , Jay Wallace , Charles Higgins , Development Just , Just Hotel , Year Ten , Hotel Operation , Board Advisors , Year Term , Port Commission , Quick View , Public Art , Public Access , Tell Us , Work Well , Public Comment , Barbary Coast , Mark Twain , Us Today , Arts Capital ,

SFGTV Government Access Programming July 14, 2024

Chair fewer the meeting will come to order. This is the july 10, 2019 meeting of the budget and finance subcommittee. I am joined by supervisor raphael mandelman. Colleague, can i have a motion to excuse supervisor Catherine Stefani today . Supervisor mandelman so moved. [gavel]. Chair fewer thank you. Madam clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair fewer thank you. Mad madam clerk, can you please read items 1, 2, and 3 togethe together. [agenda item read] [agenda item read] [agenda item read]. Chair fewer thank you very much. You are not katie, i think. Introduce yourself, please. Good morning, committee members. Thank you for hearing the items. I am from the Controllers Office of public finance. Ill be here to speak to the financing of items 1, 2, and 3, theyre approval of issuance of 2019b general
United States , San Francisco , Juan Ibarra , Catherine Stefani , Controllers Office , Office Public , Purpose Program , Bart Muni , Katie Brad , Obligation Bond , Walk Committee , Government Army , Army Corps , City County , Flood Risk , North Park , Community Last , Community Principles , Sea Level , Action Plan , King Tide , Embarcadero Muni , Embarcadero Seawall Program , Seawall Program , Program Flood , Life Safety ,

SFGTV Government Access Programming July 14, 2024

I am joined by supervisor raphael mandelman. Colleague, can i have a motion to excuse supervisor Catherine Stefani today . Supervisor mandelman so moved. [gavel]. Chair fewer thank you. Madam clerk, do you have any announcements . Clerk yes. [agenda item read]. Chair fewer thank you. Mad madam clerk, can you please read items 1, 2, and 3 togethe together. [agenda item read] [agenda item read] [agenda item read]. Chair fewer thank you very much. You are not katie, i think. Introduce yourself, please. Good morning, committee members. Thank you for hearing the items. I am from the Controllers Office of public finance. Ill be here to speak to the financing of items 1, 2, and 3, theyre approval of issuance of 2019b general Obligation Bonds. The purpose of the program was to protect the waterfront, bart and muni buildi ....

United States , San Francisco , Juan Ibarra , Catherine Stefani , Controllers Office , Office Public , Purpose Program , Bart Muni , Katie Brad , Obligation Bond , Walk Committee , Government Army , Army Corps , City County , Flood Risk , North Park , Community Last , Community Principles , Sea Level , Action Plan , King Tide , Embarcadero Muni , Embarcadero Seawall Program , Seawall Program , Program Flood , Life Safety ,