To see you. Good to see you, too, you look like sunshine today, bright colors, bright smile, and today is featuring a lot of sunshine, today, beautiful sunday, were starting off this morning with low humidity, cooler temperatures than usual, or at least than what weve been feeling in the past few days, and lots of sunshine expected right into the start of the work week. So i come bringing good news today. Lets take a look whats happening outsidement take you out to the go pro cam, mount dollars on the room do you have of our studio here in spring garden, as you can see, gorgeous start to the sunday morning, deep blue skies, this is probably the sunniest it will be all day, will have few patchy clots pop up in the afternoon, but still the day looking great. If you can get out early this morning, perfect morning for nice long walk, or more ambush, jog, bike ride, something along those ryans. Take a quick look storm scan3, see few showers drifting through portions every new england, new y
Anger boils over as washingtons budget battle drags on. National park police clash are protesters, many of them veterans angry that the budget impasse is shutting down american war memorials. Weekend talks between the president and House Republicans failed. That has now shifted the focus to the senate. If it the market perceives theres going to be no deal, the market will absolutely give back the gains. You may see stocks do a sharp 180. The fbi is investigating an apparent dry ice explosion at Los Angeles International airport. Flights were delayed and a terminal was evacuated. A foot of rain falling in just 12 hours triggering flash flooding in the austin, texas, area. Swallowing up cars. Officials had to make a number of water rescues. Police investigating Madeleine Mccanns disappearance have released images of the man they want to speak to as a matter of what they term vital importance. A woman had to be rescued from a railroad drawbridge. She apparently ignored a number of no tres
To have an interim chair. I propose [speaker not understood] act like a chair in your absence. We have to vote on that . Well, i support it. Okay, i think thats fair. Do we need to call the roll on that . Commission members, please announce your vote when i call your name. Commissioner mondejar . Yes. Commissioner singh . Yes. Vicechair rosales . Yes. And then commissioner ellington. Yes. I will return shortly. Thank you. So, the vote is 4 ayes one absent. Perfect. Madam chair, please call the next item. Item 5c, approving, consistent with the 2006 transbay streetscape and open space concept plan, and pursuant to the transbay implementation agreement, an addendum to the Schematic Design package for the folsom streetscape improvements project adding an eastbound separated bike lane, or cycle track, within the folsom street roadway; transbay redevelopment project area. [speaker not understood]. Madam director. Commissioners, member of the public, thank you for continuing to join us. This
Increment bonds to the extent we go through a very rigorous process through the state, not just locally, where in those new areas its called zone 2. Its covered by the Transit Center district plan. All the highrises, the new property tax he he. Youll see that in a more indepth presentation staff will be presenting as part of your april 1st budget. The [speaker not understood] and uses of all that. But this is all flowing from the commissions work and the authorization. S. And how much is this costing us . ~ do we have the total scope of public improvements in the district, the total scope of streetscape improvements, is that your question, commissioner mondejar . Are you talking about folsom street . Yes, an idea of how much this is going to cost us. Yes, the folsom street project, we have an estimate of about 15 million. ~ right now. If theres no more commissioner questions or comments, i would like to remind you guys that it is an action item and i would entertain a motion. [speaker
Obligation. Additionally, the investor and tax attorney have requested that the terms regarding the distribution of surplus cash in the Loan Agreement are consistent with the ground lease. Which has onethird of the surplus cash paid to the developer up to 50,000 and twothirds paid to the city to pay down the ocii and [speaker not understood] cd loans. All of these technical clarifications are consistent with the citys underwriting guidelines and with your approval today, staff anticipates bond closing and construction in april. And that concludes my presentation. Thank you. Madam secretary, do we have any speaker cards on this item . I have no speaker cards. Alrighty, im going to open it up to commissioners here for questions and comments. No questions . I move that. Okay. I do have just a couple questions here. I guess the first is is this i was curious to know if this was typical of i guess were in this case a Lending Institution or a lending entity to lower Interest Rates after thin