Anna welcome to the program, you are watching countdown live from london. Lets put into context everything we have seen over the last 24 hours. We have seen a move back into the perceived safe haven place, although i should say the yen is bouncing around this morning in the session. That is nervousness around the u. S. Session yesterday. Lets reach out to where the u. S. Session took us. That came from what could be a good place, from the data. On the jobs front we got the survey in the u. S. Yesterday that shows that openings have increased the most since the year 2000. But that got investors wondering how quickly the Federal Reserve is therefore going to increase Interest Rates. That to the edge off the rest trading day yesterday. That would pick up in the asian sessions, and we see weakness coming in the session. All of that concern about the higher Interest Rates to me at a time where we increasingly see signs of slowdown, in part of the global economy. We had a number of clues tod
Thanks. Any other questions . The only comment that i would make is that i see that the developer has achieved a 98. 8 sbe participation for services and that the 98 are San Francisco based sbes. Thats amazing. Thank you. No more questions . Do i hear a motion . I just want to know about the babysitting job, what do you call that . Child care senor. How much do you charge per child . Do you have any idea . Center. How much do you charge per child . Do you have any idea . We dont know yet. That will depend on how many slots they can bring in, but it is anticipated to be a blends of both subsidized an market rates so i dont know if that answers your question, but thats what we know so far. Its good enough for me. Do you happen to know what market rate is . I dont want to venture because my children are no longer little, but it was very expensive. I actually dont know, but i think it is quite expensive. So when you say subsidized, what does that exactly mean . I will have sharon i assume
Questions by commissioners . Seems pretty straightforward. I just want to know what is the difference between previous policy and now . Do you know . Im sorry, could you repeat that . Yeah, i said what is the difference between the previous policy and this policy . What are the changes . Well, basically that was the list i recited, those are all changes. Some are minor, but fund emptily weve changed it to accommodate dissolution law, first of all. Previous policy did not mention cfd issuance so weve included that because cfd issuance is governed by our local goals an policies and thats what governed it in the past but weve tidied this up. In the past we have used a fiscal consultant to prepare the tables if used in our secondary market disclosure just as the fiscal consultant prepares a report for bonds offerings. This is considered best practice and gives us its more holds more credibility with investors and rating agencies to have a thirdparty prepare those crucial tables regarding t
Fully developed by mercy housing. Have they done any project with us before . Golab, i dont believe so. Block six and seven was the first project, the first rfp that was issued prior to dissolution and that was awarded to the team golab and mercy. Theyre based out of chicago, although theyre fully compliant with our local hiring professional services and hiring goals. Okay. Commissioner mondejar. Id like to hear from mercy housing housing, do you have any comments . Good afternoon commissioners, im Barbara Walker with mercy housing. Id like to tell you were thrilled to be here before you on transbay. Our transbay block Six Development as elizabeth mentioned is well under construction, scheduled for completion next fall and as soon as that ones finished we hope to start on block seven so i would be happy to answer any questions you might have of mercy that might help you in your decision making. Thank you. Thank you. Thank you. I just had a small question, just one out of curiosity beca
Facility district debt and federal Disclosure Requirements for issuers of public debt. Commissioners, the last time we amended our debt policy was well over a decade ago. We have before you a proposed amendment to our debt policy to really reflect the state of where things are today, so with that, id like to ask looks like john, our senior financial analyst, to walk you through the substance of the proposed amendment post issuance debt is expandsed to include cfd bonds, follow fcc guidance and to impend the citys disclosure policy appendixes as best practices model to be applied as appropriate. Current ocii practice is to have secondary market tables prepared by a fiscal consultant and weve adopted that formally in this policy. The swap derivative policy, which was amended to the 2004 policy was deleted. This revised policy has been reviewed and commented on by the San Francisco Controllers Office of Public Finance, by jones hall, our current bod counsel, and pfm, our current financial