Page 27 - Waterfront Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Budgeted revenues closer to what we think we are going to generate and be consistent with those prior year trends so we can really identify the sources that were going to designate as revenue. And then for expenditures i also show the twoyear growth and as you can see, salaries and fringe is a huge investment. Our people are obviously a critical part of how we run the waterfront and of the growth over the two years, over 2 million of it is just for salaries and fringe but its important to note that about half of that is the cost of existing staff. So salary and fringe costs are growing and of ...

City certificates of participation or cops. It was part of the americas cup financing package. When port inaudible came to you in september we identified these savings so we would be returning to you to figure out what to do with that funding. Well, this is us coming back and saying that theres a plan to spend those funds, about 1. 2 million on public restrooms, we have amador street repairs and pier structure repair. You can see the pier structure repair project is really critical. We can just keep funding that project for the amount of work that we want to get our pile repair crew to address...

More than cpi i think in some cases it certainly would and in some cases we dont know. The individual leases which will expire in the twoyear budget window we dont individually address what might or might not happen to thep. As a general assumption we assume those leases will continue on either under the current tenants name or be released under similar terms to someone else. I am a little wary about turning the dial up in aggressiveness because we want to make sure we dont overbudget and have to do midyear. Maybe ill ask the question in a different way. Is more coming off lease or expiring th...

Granularity of forecasts, our budget forecast has been within 2 percent and the methodology we have kept true in prior periods. Where i was a little too conservative was the parking forecasts and based on conversations we have had in former years i got a little more aggressive and hopefully we will see a tighter performance of budgity to actuals in the future. The question would be the leases. Did we have some leases executed a long time ago and even with cip increases if they were to come online today would the jump be a little bit more than cpi i think in some cases it certainly would and in...

Expenses of the ship repair yard and the water basin that is there, they have worked very hard to try to get us reclassified from a federal perspective to be eligible for those grant funds. In 2006 our capital plan showed that we would lose 8 piers. One of those piers was pier 38, we now have a new plan for that. One of those piers was pier 31, we now have a new plan for that, and we continue to work at these things. With but as we went along negotiating the master permits for both the cruise ship terminal and the americas cup, worked very very hard to try to direct those investments into stat...