Madam chair nice to be here were happy to be here the kitchen will be the first building erected in phase two thats a milestone right there with many more to follow soon thereafter. As mr. Madison outlined were fascinated by the business we saw the trucks coming and going we brought out our tape measures and there was a beehive of activity if you ever get a chance to get a tour ever that place before its torn down its a constant activity every inch is being used by several businesses. We view that as certainly a major positive asset for your flej new neighborhood so getting into the design ill be brief ill turn this over to the architect ralph. We tried to do and achieved to replicate their space but what we think weve done successfully is design the space thats much more efficient and usable and create a pleasureable and workable productive with that, for all the frying and backing and everything else. So on top of that we think well hook them up to the sewer and other kinds of 21st c
Kitchen will be the first building erected in phase two thats a milestone right there with many more to follow soon thereafter. As mr. Madison outlined were fascinated by the business we saw the trucks coming and going we brought out our tape measures and there was a beehive of activity if you ever get a chance to get a tour ever that place before its torn down its a constant activity every inch is being used by several businesses. We view that as certainly a major positive asset for your flej new neighborhood so getting into the design ill be brief ill turn this over to the architect ralph. We tried to do and achieved to replicate their space but what we think weve done successfully is design the space thats much more efficient and usable and create a pleasureable and workable productive with that, for all the frying and backing and everything else. So on top of that we think well hook them up to the sewer and other kinds of 21st century infrastructure so that alone skrot is excited a
Work together or transfer its interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmental purpose for the same reason because they are because of the investment with c dshsg that it would be easier for them to fulfill their obligation that has to do with fulfilling their obligation to had you hud under their loan. Finally food co that one, i know since weve met last time that kroger is still interested in purchasing this parcel. Then the plan would be that they were interested before dissolution and we would still continue to try to sell it to them so that they can improve the Groc
These stake holders out there and yes, yerba buena gardens and the plans are to transfer the assets of the city and continue to manage in some unified fashion. And the city has stated publically they are committed to keeping them together and managing them together but the exact Management Structure has yet to be determined whether it be some City Department or separate nonprofit or possibly some separate authority. But the estimated transfer date here is sometimes 2015, probably. And the city could then continue to use the funds from these leases, all the leases would transfer. They can use the funds to operate the gardens, but the money for the Capital Improvement is another thing that has yet to be determined but we are looking into several options about the city about how Capital Improvements can be used in the future for yerba buena gardens. And finally other properties, i have two, the Fillmore Heritage Center and the garage and commercial air rights parcel and then the foods cop
Kitchen will be the first building erected in phase two thats a milestone right there with many more to follow soon thereafter. As mr. Madison outlined were fascinated by the business we saw the trucks coming and going we brought out our tape measures and there was a beehive of activity if you ever get a chance to get a tour ever that place before its torn down its a constant activity every inch is being used by several businesses. We view that as certainly a major positive asset for your flej new neighborhood so getting into the design ill be brief ill turn this over to the architect ralph. We tried to do and achieved to replicate their space but what we think weve done successfully is design the space thats much more efficient and usable and create a pleasureable and workable productive with that, for all the frying and backing and everything else. So on top of that we think well hook them up to the sewer and other kinds of 21st century infrastructure so that alone skrot is excited a