Police chief told me people have to be outside of this building this morning. That you want to show them down the sidewalk on the other side, you can see this isnt a new problem. That Apartment Building down there that is fenced off, that was closed years ago and it is one example that people who live here are pointing to saying why should we have to leave this unit when that one was closed years ago and is Still Standing . There are a lot of upset residents here in pacifica concerned about where they are going to go. Living in an area where rent is ever on the increase, there is no one here who says they can afford to leave and find another place to go. Right now, there is a temporary shelters set up for these 20 Apartment Buildings. Its set up at the Community Center but obviously thats not a longterm solution. You have a lot of people wondering what is going to happen, feeling like they have been dumped on this afternoon and told they have to get out. The police chief told me they h
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
Good evening, im dan ashley. The heat advisory for the bay area has expired and the weather should return to normal. Expense search, were ready. Here is live doppler 7, clear skies, mainly the warm conditions spencer, im sorry to interrupt you, were having a little trouble with the microphone. Well move on with spencer and come right back to you. Millions of people are under a urgent red flag warning with their homes at risk of fire. The governor has declared a state of emergency in california. At least 30 homes have burned. Thacuationre in san marcos, and a calfire team from santa clara is working the fire. The sheer numbers of firefighters show a state of emergency. Abc News Reporter devin dwyer is there. Reporter across Southern California the fires popped up quickly and spread fast. Oh, my god oh, my gosh. Reporter a terrifying advance of flames near san diego that forced thousands of residents to evacuate. It just seemed like we were going to be safe and were not. So we just packe
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
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 so now this is how we get to the proposed award number. We accepted the deduct alternative of the accent lighting thats how you get to the award number. As part of our analysis we looked at why the number was above the estimate and initial engineers estimates the cable stray is a unique structure its a pylon structure requires specialize