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Legal be combonlt stopped it from the full term caught between a rock and hard place the Mayors Office has identified this as one of four important projects in the Mission District and were working with the, in fact, weve got a meeting with the mayor on thursday to look at feinsteins opportunity to get the project underway. Okay. Thank you do the commissioners have any questions. This loan is going on for a long time is it a loan or grant . Its structured as a loan but it is structured so it can be forgotten at the end of the term if all conditions met in if not due what are the conditions. Th...

Public and online. Reiskin. Present. Harper. Present. Kim. Present. And madam chair you do have a quorum. Thank you. Are there any communications today . Or, old or new business for the board of directors . Seeing none, we will move on toit em five, executive directors report. Good morning, members of the public we have a number of construction milestones that you will hear about today but i want to highlight the above ground construction and last night the first of the two large cranes arrived and it is located in the access just west of the street and it weighs 2,000 pounds and has 240 feet ...

And was very generosity impressed but worried and concern ill put this on record this is perhaps not an answer to freud would that asset essentially when its sold it is sold in the open market at market no conditions no Market Conditions to make it an affordable unit of its from the Mayors Office and your correct someone else can probably do a better answer but from my prospective and the translation before you the braid has my understanding theyve voted to authorize the sale but this is as far as it goes so n nc court so unless theirs negotiation once the loan transfers to occ but this is the...

Slightly ahead of schedule and keep it on the trailer and park the trailer in the storage lot and bring it out to the project as they need it. And obviously it is close timing between feeding the project with the steel arriving and because we dont have especially for the size of the elements we dont have the storage on site, later when the train gets poured and the floor slab for the finished trades there will be more room to stage the material on there and the bus deck and the roof deck for the specific activity and not for the structural steel. That is what makes it more complex, and a lot h...

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 may, and under that amendment, the formati...