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Was not dlofrdz until i reviewed the loan document and brought it to the council more and more wills this was a mistake that had been made in 1994 unfortunately yeah. Do you have any questions i want to raise before the impanel supervisor bustos thats not here. I have questions so when we make this loan there are interests payment that have to be made were those payments made and the Interest Payments under the loan are only made in it was in default and custodial due otherwise no interest payment. No Interest Payments so thank you sure. Supervisor bustos is not here obviously he had a a lot they couldnt avoid and was committed to before articulating on the commissioner duty he expressed a concern from his prospective he was concerned that a building on balm i didnt was being returned to the market and was very generosity impressed but worried and concern ill put this o ....
And the called department of finance to determine it is in the best interests board of supervisors acting a protective body it remains the effort authority to review the material to the ocii Affordable Housing those actions will happen later this month and early december i want to point out you have a revised reducing resolution in front of you basically, we made editing changes and fixed some type were recommending approval of t the First Amendment and we may make some minor changes Going Forward as we near the end of the transaction im here as well as at representative if the Transbay Joint Powers Authority to answer questions thank you. Thank you do we have speaker cards. I have no speaker cards okay and do we have questions or comments conce ....
Communities deserve far better than the defense bill that passed today. The hidden provision in the amended h. R. 3979 to authorize training and arming the socalled moderate Syrian Rebels for the next two years with no limit on how much money can be spent has seriously polluted this critical piece of legislation. I could not in good conscience vote to support the socalled moderate forces who often work hand in hand with al qaeda or isis and whose personnel and weapons often end up in the hands of those terrorists. This bill continues the same failed practices of undeclared war, regime change and nation building that have held us mired in the middle east for over a decade. Mr. You very much, speaker. I yield back. The speaker pro tempore the gentlelady yields back the balance of her time. For what purpose does the gentleman from tennessee seek recognition . The gentleman is recognized for one minute. Mr. Speaker, a columnist wrote t ....
Long term loan like tifia with a 35 year plan and, we have a rating for a 35 year loan with tifia and it is not a mature, credit, yet. Though. And we received our first tax increment this year, about a million and a half dollars over the next four years, until 2018 and it has paid it that we will collect about 9 and a half million in net tax increment and so not enough to go out for a short term loan. On our own and be solely backed by tax increments. And the tifia loan does have conditions for disbursement and the two key conditions are selling 429 Million Dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we anticipate reaching the 429 next fall, when blocks five and eight close in september and october respectively, dem nation of the full funding for the project and you will recall, approving the tifia amendment this past ....