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Was to maintain the vitality of these shopping district, neighborhood district, and that commitment still stands today with the nonprofit board that i serve under, ive been privileged to serve under because they really are committed to bettering the community for which these garages are residing in. And one example i wanted to give you as far as really trying to quantify the knowledge and experience and commitment, retail [speaker not understood]. Im happy to say were fully occupied and theres no vacancies at the Sutter Stockton garage currently with about 11 retail spaces. We conducted the la...

Surplus and can be transferred for operating expenditures to the mta. So, theyre not short changing their Capital Needs as we understand it. Thank you, i appreciate that. I guess my question is but by issuing the debt, you say youre not short changing the Capital Needs, but tame point in time youre [speaker not understood] and youre issuing bonds against it for operational expenses. Youre floating bonds to float for operational expenses which we should not be doing. Youre correct in that sense. Well, our mta operating budget also supports the repayment of the bonds itself. For garage operation...

Camera three next. Ready, camera three, take three. Thats because our studios are located in san jose, california, and voters here recently decided to raise minimum wage to 10. More than californias minimum 8, more than the federal governments minimum of 7. 25. The debate over minimum wage is well known. Businesses generally complain of higher costs, but a growing number of economists think a higher minimum wage can actually help. When you have a minimum wage increase, what happens is the workers stay longer than they otherwise would. What may surprise you most, though, is how few companies ac...

The city of San Francisco sfgtv meeting of the budget and finance committee occurring september 17, 2014, will begin shortly. Good morning, everyone and welcome to the San Francisco board of supervisors budget and finance, my name is mark farrell and i will be joined by avalos and mar, i want to thank the committee, and today is september 17th. Do we have any announcements. Please silence all cell phones and, completed documents to be part of the file should be submitted to the clerk and the items today will be appear on the september 23rd, board of supervisors agenda, unless others stated. Co...

Others stated. Could you call, item number one . Resolution authorizing the execution, sale, and delivery of a multifamily housing revenue note in an aggregate Principal Amount not to exceed 25,000,000 for the purpose of providing financing for the construction of a 67unit Affordable Rental Housing Development known as bill sorro community; approving the form of and authorizing the execution of a funding Loan Agreement and a borrower Loan Agreement; providing the terms and conditions of the note and authorizing the execution and delivery thereof; approving the form of and authorizing the execu...