Present. Commissioner scott. Here. Vice chair rosales is absent. And chair bustos. Here. And all members of the commission are present. And item 2 is announcements. A, the procedures. Please be advised that a member of the public has up to three minutes to make Public Comments on each agenda item unless the Commission Adopts a shorter period on any item. Viewers online will be instructed to dial 1 888 5578511. And enter the passcode 7500645. Followed by the pound sign. Press the pound sign again to enter as a participant. And again that number is 1 888 5578511. And then enter the access code which is 7500645. Press pound and then pound again to enter as a participant. The members will show up on the screen during each Public Comment section. When you are connected listen to the instructions and when prompted dial 1, and then 0 to be added to the queue to speak. Youll be lined up in the order that you dial 1 and 0. And you will be placed on mute and it will notify you when its your turn
Associated with that multibillion Dollar Program and this geo specifically provides match and is part of that full funding plan. Capitalwise they will continue to be sustained by the citys proposition k sales tax. But we do, as tim noted, are continuing to have discussions with them longterm. Supervisor fewer okay . Thank you. Any other comments, questions, from my colleagues. Seeing none, could we have a b. L. A. Report . Yes, chair fewer, members of the committee, 4 and 5 i prove the issuance of 140 million in general Obligation Bonds for transportation improvement projects. We summarized the use of the bond funds on page 10 of our report and sort of the overall bond projects on page 11 of our report. Estimated debt service on the bond would be 9. 7 million per year as discussed. The impact on the property tax rate would be for property assessed at 600,000 would be 20 per year. This does fall within the citys capital debt limit and capital plan tax rate limit. We recommend amending t
Of the public. So thank you all for joining us. Madam secretary, please call the first item. Clerk thank you, mr. Chair. The first order of business is item 1, roll call. Commission members, please respond when i call your name. Commissioner brackett. Present. Commissioner scott. Here. Vice chair rosales is absent. And chair bustos. Here. And all members of the commission are present. And item 2 is announcements. A, the procedures. Please be advised that a member of the public has up to three minutes to make Public Comments on each agenda item unless the Commission Adopts a shorter period on any item. Viewers online will be instructed to dial 1 888 5578511. And enter the passcode 7500645. Followed by the pound sign. Press the pound sign again to enter as a participant. And again that number is 1 888 5578511. And then enter the access code which is 7500645. Press pound and then pound again to enter as a participant. The members will show up on the screen during each Public Comment secti
I am joined by committee members. Also joining us today is president yee. Our clerk is miss linda wong. Madam clerk, any announcements today . Yes, madam chair. Due to the covid19 Health Emergency and to protect board members, City Employee exposes e board, th members will be participating remotely. This is pursuant to state and local orders. Committee members will attend through Video Conference and participate as if they are physically president. Present. Sfg tv. Org is streaming across the tv. Opportunitpair call 415 65500. Again 145 2541827 and then press pound twice. When connected, you will hear the meeting discussions and you will be muted and in listening mode only. When your item comes up, dial star 3 to be added to the speaker line. Best practises is to call from a quiet location, speak clearly and slowly and turn down your television or radio. You may submit Public Comment to the budget and finance clerk at linda. Wong sof. Org. It will be forwarded to the supervisors and in
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T