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 sex call orientation its for the opportunity of men and women and the folks to advance
Fiscal officer while i had to be away and they both jumped into my shoes and filled them well, i must say and john spent a lot of evenings and weekends so thank you, john. Also here is the rest of the finance team who all collaborated on this and the bond team shawn from hawkins our disclosure council and bob and christen from t s m our Financial Advisors thank you and week. I mentioned the team just to make the Port Commission feel secure we have a complete team reviewing our Financial Statement from our disclosure and bond council and co bond council ship and harden the sdpoofz and our underwriters and steve serving as co underwriter. So the commissioners are familiar with the plan for 2014 port revenue issuance in may of last year you saw and approved our financing plan that gave us access inform the plan and december of last year on the 12th you approved the issuance of bonds and several few minutes ago documents including the second vegetation of trust and gave our executive direc
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 sale pursuant to a bond purchase contract and to enter into the Contr
Second. All in favor, say i. I. Any opposed. Public comment . Seeing none. All in favor, say i. I. Opposed . Content item item 11 a requests the approval of the preliminary statement relating inform the bond and 30 years its relationship to the Revenue Bonds. Good afternoon. Commissioner president katz elaine support staff were near the final leg of revenue bond issuance for 2014. Before i start, i want to say a special thanks to the executive director to monique and john our fiscal officer while i had to be away and they both jumped into my shoes and filled them well, i must say and john spent a lot of evenings and weekends so thank you, john. Also here is the rest of the finance team who all collaborated on this and the bond team shawn from hawkins our disclosure council and bob and christen from t s m our Financial Advisors thank you and week. I mentioned the team just to make the Port Commission feel secure we have a complete team reviewing our Financial Statement from our disclosu
We asked the bidders not part of your bid but for this particular scope would you also have a deduct and this has been one of the other components of that. And in this particular case the bid that we received from shim mick was a credit and with that value we felt it was very appropriate to take that value engineering at that point with that deduct ive alternative so before i leave the slide ill bring you back to the upper left. That ve proposal scope was to give you an if you are on the cable stray bridge you got the pylon in the middle you have got the various cables that go into the main pylon. For design it basically attaches the cables on either side attach right into the pylon itself what shimmick proposed was to put a saddle system that would go through we went through the seismic safety analysis of that and the engineer of record went through this and we were able to accept that one so that was the 500 thousand and the deductive alternative the accent lighting for 450 thousand