Excess bond proceeds for the bayview Hunters Point project area. Again we plan to come back at a later meeting for the excess bond proceeds so i would like to introduce [inaudible] to go over the two programs that we want to fund with this Grant Agreement, but i would like to say prior to disillusion i worked on the bayview Hunters Point project area and we worked closely with the community in bay view of funding the sf shines tenant facade Tenant Improvement Program and this is one of the priorities of the area to bring Economic Development and improve facades and thereby generating jobs in bay view and have worked with the Community Challenge grant on the Model Block Program previously and bayview Hunters Point to help improve streetscape and connectivity to third street so there was an improved pedestrian realm in bayview Hunters Point to get people to walk to the commercial corridor and with they will turn over the details to staff from the office of economic and work force develop
Complex and simple at the same time procedures of about the certificate of preference lotteries. We have staff that monitor, work with the developers and actually monitor that lottery and ellis act Housing Preference act lottery will come into play with these units as well. And, so, we are hands on working. We attend the lottery to ensure that the certificate of preference lottery is being done. We also we do do the developer will have to reach out to or actually finance our reaching out to the certificate of preference holders that we have. And when we do reach out to them, we ask them to contact us if theyre intending to apply for a unit so we can make sure were really working with them. So, when we see the list that comes back from the developer about who is in the lottery, we know who has been who intended to apply. If theyre not on that list then we make sure they are if they want to be. Okay. Now, im happy im sorry, [speaker not understood], i apologize. If you feel like you need
Schematic design presentation and we are still in the design phase of the project. After the information on contracting will be available closer to construction start. But we have block 49 general contractor here today available to answer questions about the efforts to maximize local participation and we also have b. J. Bookstore with ycd here today who can speak to work force referral process if you have any questions. There are a few additional milestones that need to be reached before the first Affordable Housing residents can move into block 49 units. Once amco has an approved dodda option to ground lease, they can apply for bond financing and tax credit and as soon as financing is in place, lennar will transfer the land and subsequently a ground lease will be signed. And that will happen right before construction starts in june. Approximately six months before project completion Development Team of said marketing of property in accordance with an Agency Approved marketing plan, an
Johnson president johnson and fellow commissioners. Again, sally orth, Deputy Director and i have a brief presentation to update you on some changes weve made, some of which are as a result of new information we received from the department of finance and that sort of i patctiontion how we the framework we think about what to reflect on the rops. ~ impacts im going to go over some instruction theyve given us on how to accrue expenditures to various routes, and further detail how we should be thinking about the use of any reserves weve had. Since we had the workshop with you on february 10th, we have also added some excess bond proceeds lines. Ill go over those details in proposed uses. Show you our current totals and where we are and go over why certain Funding Source totals have changed, what sort of driving those changes and again go over our next steps. So, we had a conversation with our analyst at doss last week who provided some additional insight on how we should be accruing expe
In the right order are their names are entered properly rather than just having an open portal for none . ~ anyone . No, yeah, we have very complex and simple at the same time procedures of about the certificate of preference lotteries. We have staff that monitor, work with the developers and actually monitor that lottery and ellis act Housing Preference act lottery will come into play with these units as well. And, so, we are hands on working. We attend the lottery to ensure that the certificate of preference lottery is being done. We also we do do the developer will have to reach out to or actually finance our reaching out to the certificate of preference holders that we have. And when we do reach out to them, we ask them to contact us if theyre intending to apply for a unit so we can make sure were really working with them. So, when we see the list that comes back from the developer about who is in the lottery, we know who has been who intended to apply. If theyre not on that list t