Monumental that we cant let the status quo to pull us away from where we go and for the commissioners we had a preliminary review of the data that was referenced here. We will do a more comprehensive report on the data and we will make sure its clean and we will have a public discussion with what the data says and again thank you. Thank you very much. I wanted to thank you again on behalf of the board and all the Great Questions that you ask so there you go. The superintendent said they might pretend they complain about you in private but theyre grateful for the work that you do thank you. We really appreciate the fact that were working more closely and as we did say he jennifer low and the clerk of the meeting, mr. Victor young. Mr. Clerk, do we have any announcements . Yes. [speaker not understood] electronic device. Completed speaker cards copy of any documents to be included as part of the file should be submitted to the clerk. Items acted upon today will appear on the february 15t
The scottish right which is located at 2850, 19th avenue at slope here in San Francisco from 6 00 to 8 30. And i believe that we will have Spanish Language translation at that meeting; is that correct . . Yeah. Thank you very much. Commissioner kingsley . Well, i have a question, regarding the budget. I know that last year, the budget was looked at in terms of two years, but it is usually this time of year that we start looking at the budget and there is, you know, deadlines to submit to the Mayors Office and where is that. Director is preparing it, obviously it is a twoyear budget. So this years budget presentation, every other year the budget presentation will be significantly lighter than it would be on the first year of a twoyear budget. So director ganon is preparing a presentation for the commission and i can include it in the chiefs report so that you dont have to necessarily calendar it. Whenever you would like to have her and she could probably use two weeks notice when is you
We have negotiated a letter of credit; there is a significant cost savings, just under 1 Million Dollars a year that are now available for projects. We have had a big office move; congratulations to cynthia and her staff. If you have not looked at the window recently it is converted to residential use. Last but not least i want to reiterate what jose luis and the chair have said about the leadership of the board; and more more about the public and private partners. A huge thanks to the wonderful staff past and present and our interns who have done amazing things. I want to mention Anthony Adams who created interactive maps. You can find the project, cost phase and completion. We expect this to go live next month. Thank you. Thank you for your presentation; the interactive map something and fantastic; i look forward to seeing that. Can you tell us where the map will be located . On our website, www. Sfcta. Org. Okay thank you again for your presentation. Executive director lombardo. We
On january 23rd. As well as that is the hearing on the issues bonds and more on the structure would go before you again at that point. And then, february 5th, would be the proposed ballot hearing, where the ballots would be tabulated as well as a vote on the resolution to issue bonds. And squished in between all of that is the Capital Planning committee before the resolution to issue bonds comes to the budget and finance it will have to go to the Capitol Committee in early january or late december. We cant predict how long it will take but we estimate that it should be wrapped up by june 2013. And then, our anticipation is that the district would again in july, 2013, but in the Management Plan it also says, you know, that date could get pushed out depending on the validation action period. With that we take the team of the members that didnt speak as part of the city team, we are here to answer the questions that you may have. Is there anything that you want to add on item number eleve
With this next expansion, the revenue per room is the way that you value the Hotel Revenue is expected toin crease, 6. 7 to 5. 5 percent. That converts into hotel tax into the citys general fund. The occupantcy will grow to 86 percent when the expansion grows. The projected occupantcy of the rooms . Since the rooms is where it comes from, we have to say that the hotel will benefit from the assessment. Where is it at . 1. 5 percent. What is the occupantcy . It is about 80 percent this year. 79, 80 percent, thank you. Excuse me, office of economic and workforce development. I wanted to go over the approval process, this is for the district which is proposed to fund, you know, over twothirds of the projects, regarding the moscone expansion, but in addition, the district wants to fund a few other things which i will go into in a minute. A few junctions where there will be a few processes for the approved project. Today, we have submitted petitions, actually, they have gone up to 53. 97 per