And seven years of additional taxes. And or it will wave all time lines or the cfd to expedite and they will not sue the city. And for the two weeks to allow the details to be worked out and we will be looking closely at the terms of the agreement to determine that the final agreement is consistent with the terms proposed at the board of supervisors hearing on september 9th. And the proceeds, with about 665 million of that going to the tjpa. And we, the city projects, that the net of the lower escalation, and the tax payments, will result in the same revenues, to the tjpa to the cfd. And if the settlement finalized the staff, though, and will present the settlement to the board at the next Board Meeting with the resolution that will instruct the executive director whether to vote in favor of the cpd as modified at the settlement and that could occur at the october nine meeting. Thank you, and unless there are any questions from the board, moving on with my report, i have previously rep
Good morning and, welcome to the Transbay Joint Powers Authority board of directors meeting on thursday, september 11th, and the board would like to recognize the staff at sfgtv who record each of our meetings and make the transcripts Available Online and today we want to recognize charles who is filming todays meeting and madam clerk. We have a scheduling conflict and therefore will not be present. And we have director lee. And we have the representative for the court and the joint powers board. And with that, director lee, and here. Lee, present. Director nuru in present. Harper present, and kim . Present. Madam chair you have a quorum. Do we have any communications or board of directors new or old business . Good morning, directors and members of the public, would i like to begin by thanking mayor lee, and the tax rates that were introduced in yul july and i would like to thank all of those in the process, and i have been in with, and working along our side and helping to move the p
And we have the representative for the court and the joint powers board. And with that, director lee, and here. Lee, present. Director nuru in present. Harper present, and kim . Present. Madam chair you have a quorum. Do we have any communications or board of directors new or old business . Good morning, directors and members of the public, would i like to begin by thanking mayor lee, and the tax rates that were introduced in yul july and i would like to thank all of those in the process, and i have been in with, and working along our side and helping to move the project along and thank you very much and, you are support is valuable and now i would like to ask the counsel to provide a little more detail on the out come of the hearing this rate. And the counsel for the djpa, and the Transit Center, plan, provides, that in return for the permission, to build, the taller buildings, then allowed by the existing zoning, and the developers building to these increased heights will pay the com
Ken fre conference, kate . Were waiting for the start of this slated 1 00 press conference with Preet Bharara. Tough terms coming out of his office from the settlement reached. 1. 8 billion fine related to Insider Trading as well as the surrender of their license. Their ability essentially to manage outside money. They will become a Family Office shortly after the settlement is approved by judges. They have pled guilty to five counts against them, one of wire fraud, four of securities fraud and well hear more detail im sure on what they admitted to in terms of Insider Trading and perhaps not best supervising their employees. In a letter to the judges today two judges who need to approve this settlement in order for it to be set in stone, bharara said considering all things the depth and breadth of the wrongdoing here he thought these penalties were steep but fair. Interesting but lotough languag out of his office. He has amassed a track record of Insider Trading convictions and cases.
The day today. Goldman sachs raised for example putting still dynamics to a buy from a sell. It shifted its rating. It was cautious originally but now the standout stocks that are worth keeping an eye on and buying as they say. Adam thank you, nicole. Lori a live look at the u. S. Attorneys office in new york where in moments they are going to unveil Insider Trading plea deal with sac capital capping a multiyear insidertrading probe. We will bring you this live. Charlie gasparino also on hand when the attorney general speaks. Adam we want to bring you the latest developments on blackberry. Dennis kneale has been covering this. Is this a surprise . Dennis it is a shocker. Now it was down 16 . The whole thing is what if they had a buyout and nobody even showed up . Those stocks selling off on that because the buyout is over and replacing the ceo. It is hard to think of a ceo who has performed worse. He bet on a touchscreen smartphone when the real keyboard was blackberry mainstay. He bou