Policy in terms of contingency levels, and to authorize the clerk to be able to make these amendments to the legislation. And so weve got that amendment. And to approve the underlying item as amended. So, weve got that motion. Well do that without objection. Thank you. I just want to let the department know i will need to work with them to get a new signature on [speaker not understood]. Thank you. The department will work to make sure that our clerk gets that information as quickly as possible so that we dont have any delays, that would be great. Thank you. Item 4, please. Item number 4, resolution approving amendment number one to contract no. Sfmta201308 with new flyer of america, incorporated to purchase 17 additional 40foot low floor diesel hybrid buses through the cooperative purchasing venture established by the state of Minnesota Materials Management Division for an additional amount of 11,7 80,00 5, and a total contract amount of 48,6 69,369. Thank you very much. On this item
Good afternoon. Answering that question, the we deliver Generation Infrastructure so that industrial tenants can basically come in with their equipment and specific design, so they can manufacture efficiently. The design process is pretty simple. Its, you know, in out in process. Its pretty much a very accepted way of approaching industrial space. And we have spent a lot of time looking at these buildings so that we can deliver that 20 [speaker not understood] infrastructure that will keep and attract users. Does that answer your question . Sure. I mean, specifically, i mean, were talking about, you know, large quantities of power, large quantities of data, data moving capability, cleanliness, docks, driving doors. What attracts tenants is productivity. So, if somebody can come to a space and be productive, theyll obviously make more money. Thats what attracts canxv. Companies. Thats whats driving the design, industrial productivity and thats what we do. The shell that is delivered wou
There are provisions in the deal that the start of that base rent might have to be delayed if to get the deal done we need more than 14 million of equity. But the base rent was an important piece to our commission. It was always wanting us to secure revenue since you know the port operates on the rents we earn. So, thats the basic business deal outlined in the term sheet that were looking for endorsement of. The second action is the final before you go too far, in terms of the business terms and the expenses, i think one of the points that were made in the past was the fact that i think you spoke a little bit about why it was not 106 million, why 58 million might be a reasonable number. Primarily it has to do with sort of the engineering expertise of the partner that we have brought on board who has done rehab work in the past. But also the fact that youre not really building it out completely. So, really just creating the shell and allowing for future tenants to come in and make those
Proposed not to exceed amount of 18. 7 million includes a 12 contingency of over 2 million which was calculated using the total actual as well as proposed contract expenditures of 16,700,000, the six year term from july 1st, 2008, to june 30, 2014. So, that includes 9. 4 million which has already been expended on the contract, and clearly that should not be included in the contingency calculation. A 12 contingency should be calculated on the proposed expenditures for fiscal year 1213 and 1314 of 7,2 92,0 48, not on the prior actual expenditures. So, that would result in a contingency amount of 8,075,092 rather than [speaker not understood]. That contingency they calculated would equal 27. 5 of the proposed 1213 1213 and 1314 expenditures. A 12 contingency would result in a total reduction of a million 128,94 2. So, our recommendation, supervisors, on page 7 of our report, we recommend that you amendedth proposed resolution to reduce the ton exceed contract amount by a million,128,0 92