Beale metcalf aye vice chair harper and kim aye as well and item 9 is approved. Thank you item number 10. Debt management policy. Directors, as i eluded to in the previous item were negotiation an interim financing and a competitive rfp process within the last couple of months and we received nine proposals in our interim financing and were negotiating a direct loan with gold man sachs and the Interest Rates are very low right now so a variable rate loan structure may make the most sense but also may make sense to hedge against the risk of rising Interest Rates. However under the dodd frank act, Trading Commission regulation we can not have discussions of any sort regarding hedging without having policies in place that allow us to sign a safe harbor letter for gold man sachs this was drafted with the assistance of council and we do have a representation written representation from our Financial Advisor its not like the citys policy which is 24 pages long and goes into types of bonds an
The amendment provides a rent to the port and the third amendment is subject to the board of supervisors approval and it brought before you because the term, the rent consider exceed the rent portion perimeter. That concludes my presentation thank you. So moved. Second. Is there any Public Comment . Any discussion by commissioners. Well autistic desk is a great client or tenant to have so we are going to say all in favor i. I. Item 10 the issuance of San Francisco Revenue Bonds to fund certainly improvement in the aggregate privilege not not to exceed 30 million not to exceed 12 percent to the indid you form an opinion of trust between the board and trustee and 3 the negotiated sale pursuant to a bond purchase contract and to enter into the Contract Team and 5 the form of a bond purpose k5k9 nooifd not to exceed and through the interest costs. Good evening. Im here this evening with christen chu our financial viruses and bond council and given the late hour i will try to make that as b
And to make sure we read the entire resolution so all the ports Recreation Center recognize and all our employees see how important this issue say we embrace all our employees in the diversity of our workforce so where the cappa is comprised of the seaports and dedicated to maintaining the vigorous work in colonel and the Port Authority has been promoting the interest of the ports and leading the way of the cuttingedge of the operation whereas the california port authorities having is directed by the seaports to service the Citizens Advisory Committee and are committed to diversity in their respective administration and whereas california ports include all people regardless of race and National Origin and sex and gender expression and gender, identity, or sex call orientation its for the opportunity of men and women and the folks to advance the community whereas the lesbian, gay, bisexual, and transgenders contribute to the port system for elected officials and from marketing and relea
Critical day and chris who was not able to be there but certainly sent his wishes weve referenced this but the california Port Authority passed a resolution with respect to the california lesbian, gay, bisexual, and transgenders group and to make sure we read the entire resolution so all the ports Recreation Center recognize and all our employees see how important this issue say we embrace all our employees in the diversity of our workforce so where the cappa is comprised of the seaports and dedicated to maintaining the vigorous work in colonel and the Port Authority has been promoting the interest of the ports and leading the way of the cuttingedge of the operation whereas the california port authorities having is directed by the seaports to service the Citizens Advisory Committee and are committed to diversity in their respective administration and whereas california ports include all people regardless of race and National Origin and sex and gender expression and gender, identity, or
Of constructing its robotics r d lab. The third requests autodesk to investor into the space because consideration for thought development the provide a period for the purpose of the involvement and also a representative be credit in the amount of 440,000 the net Capital Improvement by autodesk is 1. 6 million. The amendment provides a rent to the port and the third amendment is subject to the board of supervisors approval and it brought before you because the term, the rent consider exceed the rent portion perimeter. That concludes my presentation thank you. So moved. Second. Is there any Public Comment . Any discussion by commissioners. Well autistic desk is a great client or tenant to have so we are going to say all in favor i. I. Item 10 the issuance of San Francisco Revenue Bonds to fund certainly improvement in the aggregate privilege not not to exceed 30 million not to exceed 12 percent to the indid you form an opinion of trust between the board and trustee and 3 the negotiated