Require another 1. 1 million. That is addressed in the lease. We do have options on how we want to deal with that at the time that the final true up numbers of cost of tenant improvements are before us later this year, the next fiscal year in 1415. We can pay that amount at once. We can choose to roll that into other Debt Services items that we may have before us at that time or we can have the landlord act essentially as a bank for us. The cost of money is a little bit more expensive and the agreement is negotiated at 8 percent but we at least have the ability to amortize that 1. 1 million over the initial term. Also provided back fill plans for the space that retirement would vacate from 30 van ness as we have Additional Space pressures at the department of public works and recs park and where they have also staffing increases and frankly no where to put them. This affords us the opportunity to put additional Training Space within the vacated third floor of van ness, its a portion of
Whether it was the irish who come to pan for 0 gold or the africanamerican who came to work in the shipyard or latinos with who fluid for work or lgbt 0 who came seeking freedom each new wave of newcomers has come with this tension but my fellow san franciscans our city hasnt been a postcard frozen in time never been a city to slam shut the doors of opportunity to those who came after us when we tried to stereotype a group of people theyve been the ugliest chapters in our city. So today as our population again grows in numbers and our skyline groups i call b upon us to grow as well. My friends keeping this city a place for everybody to live whether youve been here or 60 days its a challenge we must confront together. So as unthinkable it was mr. King who said it best we may have come on different ships but were in the same boat now. Its a challenge we must confront by insuring every san franciscan that can work has a job. Its a challenge we confront by assuring every san franciscan is
Looking more particularly at the submarket that is affected western so soem a. Here you see a calculation for western soma 50. 33 a square foot. This transaction is now at 38. 50. For class a. All spaces at 45. So no matter what metric you choose, this is a favorable transaction in terms of the dollars per square foot that the city has negotiated at this location. In case you did not catch that on the chat. Chart. Sometimes they are small. Overall rate is 59. 01 citywide. We have an allowance provided by ownership here. In the amount of 24 million coming directly from the landlord. The actual cost to prepare the space for retirements needs will likely require another 1. 1 million. That is addressed in the lease. We do have options on how we want to deal with that at the time that the final true up numbers of cost of tenant improvements are before us later this year, the next fiscal year in 1415. We can pay that amount at once. We can choose to roll that into other Debt Services items t
First and goal. Lewis. There was a block on the side by greco. There wasnt a whole lot of room. No gain on the play. Second down and goal at the 4. For those of you expecting to see 60 minutes, youre watching the nfl on cbs, the game between the Baltimore Ravens and the Cleveland Browns. Our score, 2118, cleveland. 60 minutes will be seen in its entirety immediately following this game except on the west coast, where it will be seen at its normally scheduled time. With a timeout, baltimore burning their final. Cleveland with one left. 1 47 to playoff. Solomon most of this has been done by Jason Campbell throwing the football. Not many runs here. Both teams have struggled to run the ball but in these situations where its time sensitive you have to continue to allow the run game to work for you and force the ravens to burn those timeouts. Kevin key play on the drive, on that third and 3, campbell scrambling for 1 12 on a fourth and 1 where he finds bess on the move. Second and goal at th
Chair pascrell good morning and welcome to everybody. I want to call order the subcommittee on oversight and thank you for all the work you guys and gals have been doing on the committee on both sides of the aisle. I think we struck something in getting something done with the American People. Our two witnesses today. Were holding this hearing in a hybrid forum. You know what i think about that and i know what many of you think about that. We are what we are. [laughter] were holding this hearing in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 8. Before we turn to todays important topic, i want to remind members of a few procedures to help you navigate this hybrid format. First, consistent with regulations, the committee will keep microphones muted to limit background music and noise. Members joining virtually are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Committee staff will