Improvements of which the neighborhood and supervisors are interested in it would have padded he safety in that portion of howard pulling so many. Why moscone has a small operating loss the convention does contribute to your offer all fund. It is expect to increase a lot of jobs and under our general fund by neo 17. And thats just some of the direct benefits we are going to see. And as other convention sights increase were not able to track all of the differences. Im happy to support this today and im excited about the changes that will impact your neighbors. It will welcome tourists and particularly seniors. Were happy about the pedestrians safety and underwriters job that our community will have access to and thank you president. We here in budget the committee thifd some of the differences. It will create over 3 thousand construction jobs and its stemmed to increase over 3 thousand permanent jobs over years. And also i should be net positive this is going to be net positive in terms
This reduction. Are there any members of the public who wish to address this item . And without observation this is passes. Madam clerk if you could call not just the two items but items 10 through 12 yes. The board of supervisors has approved to visit on the committee as the whole items 9 through 20. And this is dealing with the Improvement District as the m o monocon district. This provides for the selection and xhurment of the assessments and then items 10 through 12. Item 10 is appropriating 5 hundred and something tickets to expand the project. Item 11 is the ordinance that has to do with participation in the principle amount of 500778. Million. And this is for the trust agreement. Constricting the execution of the notes payable and the assessments to further secure the principle. And then the project to be improved the Moscone Center. Thank you madam clerk. Colleagues ladies and gentlemen the purpose of todays hearing is the establishment of a business Improvement District named
It will create over 3 thousand construction jobs and its stemmed to increase over 3 thousand permanent jobs over years. And also i should be net positive this is going to be net positive in terms of the sales and revenue and were going to be seeing net positive changes for our general fund going forwarding. Its a win, win and let me ask if there are any members from the Moscone Center that point to make any comments. Good afternoon today is the culmination of a year worth of work and so i know that hotels have cast ballot and are here today to represent their views. I want to thank you for your consideration if i have any questions im here to answer that and that was the lady in the resource department. So first if there are any members of the public who wish to speak in sports of the moscone project, each person will have two minutes per person. Hello i live in district 6 and Moscone Center and the south market we if we didnt have this center we want to keep in mind that many people n
Today, well hear from all people in favor of these following issues well then hear from the people who speak in opposition. During the hearing in any hotel visitor wishes to change their vote or cast their vote they may speak with the staff out the chamber. After the hearing closes you may not change our vote or cast any additional vote. Let me first ask if there are any primary comments thank you. And i know that chair farrell from Budget Committee would like to speak as well. One item to appropriate 5 hundred and 7 millions 880,000 to the moscone project. And im playing this dollar amount with the comptroller. 70 percent of this would be provided by the moscone District Fund which we are voting on today and then the finding of the feasibility which is depended upon upon the election we have today. And the moscone would allow improvements of which the neighborhood and supervisors are interested in it would have padded he safety in that portion of howard pulling so many. Why moscone ha
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