Change and not employed to the final architecture finish i wouldnt be surprised if theyre thinking about the color esteems e schemes but syncing them. Ill let verp can talk about the Design Concept and danny lanar would like to speak your comment is appropriate weve got the same concerns first of all, when we talked to the architect we wanted them to look at the composite not to have conflict and veronica will speak to that as your heard her speak previously there was a desire for them to not conflict against the other architecture of the buildings and thats one of their sensitivities in trying to make this a bold statement but not incorporating a lot of what i call few few but from lanars prospective weve recommissioned the overall master plan architect to actually walk through the whole hilltop and look at it as a composite overview and sent it back to the architects so its been a consideration. He pretty much said it we looked at the architecture style and the colors surrounding and
Like, you know, the pop sills you get in the stores have you been to the mission lastly. Thank you chairperson johnson ill tell you that kevin and other folks from the lanar have been thinking about how to promote and market the shipyard youve seen the San Francisco shipyard established in 1870 weve done a really good job of the marketing for the shipyard im sure youre aware of their shown here their subject to the change and not employed to the final architecture finish i wouldnt be surprised if theyre thinking about the color esteems e schemes but syncing them. Ill let verp can talk about the Design Concept and danny lanar would like to speak your comment is appropriate weve got the same concerns first of all, when we talked to the architect we wanted them to look at the composite not to have conflict and veronica will speak to that as your heard her speak previously there was a desire for them to not conflict against the other architecture of the buildings and thats one of their sen
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
With that, id like to ask elizabeth to start off this presentation and shell also be joined by courtney, the transbay assistant project manager. Good afternoon. Im elizabeth, Development Specialist and im here with those two requests today. I did want to mention that in the rezs theres a change. Now back to the project. The project will be an affordable 85 unit family project and will include a child care facility and open space. This project is part of a larger master Block Development in the transbay redevelopment area. The transbay redevelopment project area was adopted in 2005 with the purpose of redeveloping 10 acres of property that were owned by the state of california to generate funding for the transbay Power Authority to construct the new Transbay Transit Center and meet the Affordable Housing requirements. 8812 is an enforceable obligation that requires ocii a Successor Agency to the San Francisco redevelopment to ensure that theyre affordable to an occupied by very low, low
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