And under performance we closed on the ninth and 43 million was transferred to the transbay joint Bay Authority for the Transit Center construction so it continues which is a good thing and we expect to bring more of those before you this year so congratulations to the staff. The staff is not here but i do see a number of folk who is are here. Deputy director sally wurt, pam simms is a Development Specialists really carried a lot of the weight in that closing transaction. Gwen and jeff whyte and even former agency staff that helped with that transaction so thank you to everybody for the hard work and the work and leadership of this commission so were right on schedule. Great. I think i need to ask are there speaker cards regarding the executive directors report . None. Okay. Next item of business please. Next is item 9 commission matters and issues. Yes. Do we have any matters . I want to give a hand. Yes very good. Thank you. Okay. Next item. The next order of business is item 10 clos
Board here . Hold my time. Can i show this since you say i dont know what is going on in western edition. Right here you you act like you dont know who is in control. Thats the meeting tonight with the hoo, the association upstairs. Theyre meeting in the screen room in which i dont know if you know the lox was changed friday and i will talk about that in Public Comment and christina i was trying to get a hold of her for two weeks and i thought she was missing in action and they are saying the redevelopment update and i guess youre going to be there tonight because were going to be there tonight. We want to know who changed the locks on the door that we used the room for six months. Thats illegal. Youre an attorney. Youre an attorney. Youre liable. If i had stuff in there and its gone and its the first time you heard you say anything about the western edition, the garage, so im going to wait until Public Comment to see what you got to say and your director got to say because i am adaman
Tax increment for this tax purpose so weve built approximately close to 1,000 today, but about 6,000 still exist, so its the obligation and funding stream. If the city were to accept the obligation, it would have to identify a funding stream so it would be unwise for the city to accept the obligation without a source of funds to do it. Okay. I think i have some more thoughts on that, but thats not part of this resolution so well move on to other questions. Can you just also explain again sort of the separation of the income stream from mixed use property that is are being transferred . What does that mean . So disillusion laws provides for an ability for the Oversight Board to make a determination that if you had a mixed use as sets bra Oversight Board believed it was not a benefit to the community and it was a benefit to the taxing entities to separate that out in order to keep the revenue from the non housing youth, it could take those actions. In our particular case, the as setses t
Additional head room in that tax increment for this tax purpose so weve built approximately close to 1,000 today, but about 6,000 still exist, so its the obligation and funding stream. If the city were to accept the obligation, it would have to identify a funding stream so it would be unwise for the city to accept the obligation without a source of funds to do it. Okay. I think i have some more thoughts on that, but thats not part of this resolution so well move on to other questions. Can you just also explain again sort of the separation of the income stream from mixed use property that is are being transferred . What does that mean . So disillusion laws provides for an ability for the Oversight Board to make a determination that if you had a mixed use as sets bra Oversight Board believed it was not a benefit to the community and it was a benefit to the taxing entities to separate that out in order to keep the revenue from the non housing youth, it could take those actions. In our par
Powers authority. If we could get the projector going i seal ill show you what it looks like today. Staff is requesting authorization hard and soft costs for a turnkey delivery of the realigned off ramp and the total cost is estimated to be 2. 833 million which includes hard cost, project reserves, Construction Management services and other construction support costs as detailed in the table attached to the staff memorandum. Zip since the project will not bid until early 2014 is awarded Contract Price will not be known until the spring of 2014 and the staff will provide an update to the commission at the time, but we need an agreement now prior to the issuing of those bid documents. My staff is also proposing a somewhat different approach to contracting policy in this agreement, as explained in your memorandum. Traditionally the former agency such as the department of public works when entering into contracts like this off ramp. For the remainder of the amount of the contract we are ac