[inaudible conversations] thank you. The committee will come to order. The committee is meeting to receive testimony of the status of puerto ricos construction and recovery after recent Natural Disasters. Beginning with of the hurricane in 2017, a series of earthquakes that occurred and that just this past september for any Opening Statements and the ranking minority member over their designees this will allow us to better hear from our witnesses sooner and help members keep to their schedules. Therefore i ask unanimous consent all of their members Opening Statements be made a part of the hearing record and submitted by 5 p. M. Today or whichever comes first. Hearing no objection, so ordered. The chair may also declare a recess subject to the call of the chair and without objection, the member from new york is authorized to question the witnesses in todays hearings. After permanent members have had that opportunity. As described in the statements, documents or motions submitted and h n
For september 13, Port Commission meeting. So moved. Second. We have a motion and second. All in favor say aye. Opposed . Motion passes unanimously. The minutes of september 13, 2022 meeting are adopted. Item 3 is Public Comment on executive session. We will take Public Comment on executive session. Is there any Public Comment in the room . At this time, will provide instructions now for remote participants. Thank you president adams. Well open the queue for anyone on the phone who would like to make Public Comment on executive session. Please dial star 3 if you wish to make Public Comment. The system will you can know when your line is open. Others will wait on mute until their line is open. Comments are limited 3 minutes per person. The queue is now open, please dial star 3 if you wish to make Public Comment. At this time, there are no members of the public on the phone wishing to make Public Comment. Thank you. Public comment is closed. Item 4 is executive session. There are 3 items
Get and what we would want to charge. And then, actually, it is actually cash flowing well. And so, there is cash flow or surplus cash, residual receipts left at the end to pay back and actually goes toward first is the ground lease payment. Right. So, yes, there is adequate funding. Right. So everything, yes, i understand that. And then, i guess, i got to look through the loan agreements again. Last thing. Do we know who the third equity streets partners are . Are they listed in the loan approval anywhere . Are they somewhere . Okay, go ahead. Yes, we know who the third Street Equity partners are and that is the entity who we purchased the land from in 2010 and they will be the developer of lot 41. And the other people. And the people . Yes. It is the developer holiday. Okay, yeah. Thank you. All right. Other commissioners . Questions. Okay. All right. Thank you very much. So, unless there is other further questions or changes i am happy to entertain a motion on item. We are waiting f
Item. 5 d. Authorizing the office of Community Investment and infrastructure to enter into a contract with alliant Insurance Services, inc. For Liability Insurance services for an amount not to exceed 166,000 for the period september 30, 2013 through september 30, 2014, and to renew the contract at the end of each term for a period of one year through september 30, 2018. discussion and action resolution no. 43 2013. If we could have the regular screen, please . Thank you. Commissioners, and members of the public, thank you for joining us still. And this next item is an administrative item, and commissioners, as typical, we bring these items before you, consistent with the purchasing policy and you considered procurement of the insurance and was budgeted for in the budget that was approved by you. And the mayor and the board in july. And this particular item is just in furtherance of the previous actions that you have taken to the budget and with that i would like to ask leo levinson wh
Issuance there to, having a public hearing with the director of public finance. Elaine ford, support staff. Just as a bit of contextual information, the port starting in 2010 reentered the bond market after a bit of a hiatus due to increasing our internal Financial Capacity and also with the support of the Mayors Office and the board of supervisors to make more investments in capital, in our capital infrastructure, and the intention of the Revenue Bond Program is really to invest in larger scale investments and with your approval today will be at about 100 million since 2010. The city issued cops on our behalf in 2013 around this will round it off. You did previously approve our ability to issue bonds in the amount of 25. 3 million in may of 2013, you gave us access to the citys commercial Paper Program which allowed us to keep phase ii of the cruise ship terminal on target. The purpose of these bonds is phase ii of the cruise ship terminal and also to make improvements at pier 31 in t