Family residence and assuming a homeowners exemption of 7,000 the average annual additional property tax is payable to the city would be 52. 61 per year. If the board authorizes the 209,955,000 in the series 13 bonds to be sold. However, according her any increases to the property tax rate due to the sale of the bonds is off set by decreases to the tax rate due to the retirement of other general obligation bonds. We recommend that you approve both the proposed resolution. As well as the ordinance listed. I am happy to respond to any questions. Thank you mr. Rose. Colleagues, about questions. Supervisor avalos. Thank you. Its a question not necessarily for mr. Rose but like we have done on occasion with the Water System Improvement Program it would be good to get a status update of the hospital rebuild project and i can introduce a hearing for that just to see where were at in terms of that project and how were meeting all of our time line and financing goals or maybe you can provide a
Contribute 207 million to project costs and additional 1. 9 million for cost related to the issuance of this discount and citizens general Obligation Bonds oversight committee. Sebt service on the bonds if approved is approximately 18 million a year over the 20 year life and 151 million in Interest Payments and three 61 principle and interest over the years. The three has two constraints on the issuance of these bonds. The first is the charter limitation of amount owed at any given time and 3 of assessed evaluation. If approved by the board that limitation will still be maintained and the bonds will cause that rate to increase by 0. 1 2 to 1. 2 two and the other constraint is the property tax rate for the Capital Planning committee if approved that rate will remain within the constraint of the 2006 property tax levels, and is included in the fiscal year 14 tax rate for geo bonds and finally the resolution approved finance documents willing the official notice of sale and notice of inte
Actually if the clerk can call item 11 separately before you go into the closed session. Right. Item number 9, 11 and 12 are items regarding existing litigation, supervisor, would you like me to call item number 10 separately . Yes. Just call item number 10 and hes going to correct. Item number 10 is a resolution authorizing the Tax Collector attorney to file suit against responsible relatives to recover value of Services Rendered at hospital facilities operated by the department of public health. John gibner, deputy city attorney, sorry to interrupt the calling of the items. Item 10 is an item that was sponsored by the Tax Collector. Its a resolution that requires board approval to allow the Tax Collector to pursue a certain claim for a recovery of funds. The item probably should will be considered in closed session by this committee at a future date, but today it was scheduled on the agenda under the settlement portion of the agenda and because this item isnt a settlement, wed recomm
I. Supervisor weiner. I. Supervisor yee. There are 9 is. The resolutions are adapted madam clerk can you read the memoriams. Todays month to month will be jrpd on above the supervisor avalos on above the supervisor cowen for charles. On behalf of supervisor farrell. And on behalf of staupg and on behalf of sxhimz and on above the board of supervisors and are there any more business before the board. No mr. President , that concludes the business. Ladies and gentlemen, were. Good morning everyone. Welcome to the San Francisco board of supervisors budget and finance Committee Meeting for november 20, 2013. I am supervisor farrell and i will be chairing this committee and joined by supervisor avalos and we will joined by eric mar and i want to thank sfgtv and as well as the clerk of the committee linda wong sorry, madam clerk do we have any announcements. Yes mr. Chair. Please silence all cell phones and complete speaker cards and documents to be part of the file should be submitted to th
Its pretty obvious a certain person trust the sponsor and we saw what happened to him, and then one of his best friends is about to lose one of her crown jewels, and im asking do you trust the sponsor . And for the record i dont see any supervisor listed as a sponsor for either items one or two. If it was such a good deal i should at least see one name and seeing no names i have a feeling its not that good of a deal, so to summarize San Francisco General Hospital needs a new hospital, but lets put it this way. No matter how good the facilities its always comes down to how well its used and without a proper audit of General Hospital, without a proper audit of the department of public health, theres always going to be instances like the current fiasco at General Hospital. Thank you very much. Any other members of the public wish to comment on these items . Seeing none Public Comment is closed. Colleagues we have a recommendation from the budget analyst to approve the items. Can i have a