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Second is Revenue Bonds not to exceed 87 million to provide Construction Financing for the residential project. The hearing was held in june of this year. The bond allocation was approved october 16th and to note this financing is conduit and does not require the city to pledge repayment of the bonds. Third resolution requests approval of amended restated grant to provide 13. 4 million to finance construction of the city owned and operated Homeless Services center to the mercy affiliate developing that project. Of the financing structure to maximize noncity resources to support the homeless center. It covers a portion of the funds needed to build and leveraging tax credit for its portion of the shell costs. To review the timeline. Today we are before you to request approvals. The construction contract will be f ....
Allocation of no place like home funding targets to create the permanent housing for chronic homeless with serious Mental Illness. Second is Revenue Bonds not to exceed 87 million to provide Construction Financing for the residential project. The hearing was held in june of this year. The bond allocation was approved october 16th and to note this financing is conduit and does not require the city to pledge repayment of the bonds. Third resolution requests approval of amended restated grant to provide 13. 4 million to finance construction of the city owned and operated Homeless Services center to the mercy affiliate developing that project. Of the financing structure to maximize noncity resources to support the homeless center. It covers a portion of the fu ....
What has happened is storefronts have been left vacant longer and longer as Property Owners have held the property off market for unknown reasons or are holding out for higher rents. The circumstances that have left a situation where every block has at least one and usually multiple vacancies, and that has led to blight, trash, graffiti and has pressed foot traffic. At one point had five vacant storefronts including two which would remain vacant since 2015 and have not been actively marketed in that time. Before i listen i listen to ted egans report on the amazon effect. It is important to explain one of the industries to be impacted by amazon, we have not seen sales decline since i assumed ownership in 2007. Our sales are up even 20 . Jessica many other retailers, we have made up the sale. Internet has allowed us to increase our reaches and technology to increase our reach and seep employee our second week tap automated. The min ....
Consideration in all the questions that you posed around protecting the Small Businesses. That is really what we want to see here. Thank you so much. Thank you very much. Next speaker, please. My name is kristin. I wear multiple hats. I am a resident of the haightashbury and i own im here to speak on support of the vacant storefront tax. Something i have been speaking with. I assumed the role of owner nearly 12 years ago. We have seen a Record Number of vacancies more than even from the lean years of 2008 and 2012. There have been any of the number of reasons for the business closure including retirement. What has happened is storefronts have been left vacant longer and longer as Property Owners have held the property off market for unknown reasons or are holding out for higher rents. The circumstances that have left a s ....
Opportunity to build permanent housing in the south of market. This site was listed as Surplus Property under the federal Property Assistance Program in january 2017. Title 5 of the federal act identifies homeless as the top priority. They applied to develop 250 units of the housing was conditionally awarded the site valued at 36 million for 1. The federal program has a hard completion requirement. The project must be operational by november 2021. They issued the r. F. Q. And developed Episcopal Community services. Modular construction is for the residential portion of the project to meet the aggressive schedule and reduce costs. Here is a site map of the project centrally located on a major transit corridor on seventh street. A large parking lot adjacent to the federal court of appeals. The project i ....