Congratulations to the staff from monique on down to elaine who all worked on it be were pleased to see were operating in the black and after debt payment well have the capital available to work on some of the permanent requirement i guess i had a kwouch of questions one i see the gap beyond the 12 million and 6 million i guess its a question of whether that k can be phased with the money our that projecting i guess after one of the major loans are paid off you still will have the boating loans i dont know if youve done the analysis to see if that matches up 7, 8, 9 wise with the application of the 5 million. Its a great thing that the bond are repaid the same time as the year starting the permit goothsz are required so we have then surplus revenue of one Million Dollars we can fund against or the new cal boating loans it didnt pay for all the decimal we have a gallop and staffs plan to address that plan is 3 fold one to ask cal loan to reduce the Interest Rate but its a 50year term we
See the gap beyond the 12 million and 6 million i guess its a question of whether that k can be phased with the money our that projecting i guess after one of the major loans are paid off you still will have the boating loans i dont know if youve done the analysis to see if that matches up 7, 8, 9 wise with the application of the 5 million. Its a great thing that the bond are repaid the same time as the year starting the permit goothsz are required so we have then surplus revenue of one Million Dollars we can fund against or the new cal boating loans it didnt pay for all the decimal we have a gallop and staffs plan to address that plan is 3 fold one to ask cal loan to reduce the Interest Rate but its a 50year term we would like to cut that down and reduce the 5 hundred were paying in debt 0 service and the second plan is to potentially reduce the requirement of the permanent obligations of 7. 2 million and from Public Access on pier 40 theres better use for the boaters and get more pub
Questions. Thank you any Public Comment on this item . Seeing none, Public Comment is closed commissioners commissioner ho. Yes first of all i want to commend this is a great report it must have been about a and a half maybe it started it caused quite i guess an uproar among the attended as far as the changes we had to go through a lot of changes first of all congratulations to the staff from monique on down to elaine who all worked on it be were pleased to see were operating in the black and after debt payment well have the capital available to work on some of the permanent requirement i guess i had a kwouch of questions one i see the gap beyond the 12 million and 6 million i guess its a question of whether that k can be phased with the money our that projecting i guess after one of the major loans are paid off you still will have the boating loans i dont know if youve do the analysis to see if that matches up 7, 8, 9 wise with the application of the 5 million. Its a great thing that
Changes we had to go through a lot of changes first of all congratulations to the staff from monique on down to elaine who all worked on it be were pleased to see were operating in the black and after debt payment well have the capital available to work on some of the permanent requirement i guess i had a kwouch of questions one i see the gap beyond the 12 million and 6 million i guess its a question of whether that k can be phased with the money our that projecting i guess after one of the major loans are paid off you still will have the boating loans i dont know if youve done the analysis to see if that matches up 7, 8, 9 wise with the application of the 5 million. Its a great thing that the bond are repaid the same time as the year starting the permit goothsz are required so we have then surplus revenue of one Million Dollars we can fund against or the new cal boating loans it didnt pay for all the decimal we have a gallop and staffs plan to address that plan is 3 fold one to ask ca
And rehab iting slip way four and creating a hard scape and a plaza area and a space that could be used as itheater, and rehab taiting 109 and 110 and creating a yard space that could be used for picnicking and gathering and possibly concessions and then we have what we call the maritime fields which is actually opening up slip ways, 1, 2, 3, back into the bay and bringing the bay back into the site and lastly we have what we call the urban beach on the northern portion of the site where we are taking basically, dumped concrete, removing it and creating a beach area that will accommodate, the human powered boating and allow the access down to the water front. And the next series of slides, are some illustrations of what the park will look like. And i will note that in within the screen of the key, and showing where the view is of the parks and so this is an arial view looking north basically above the new 19th street. And this is what it would look like walking into the park from 19th