Thank you do you hear with you asked. What was your answer . I said no comment. Very good shes ready for prime time and the next order of business. Report of the chair. Thank you very much. I dont have a report other than to say yesterday, i had a rules Committee Meeting with my nomination and i was for the to the full board of supervisors with support so that hearing will be next week on the 7th or 8 and if successful this will be my last commission meeting. I know im bummed whos going to replace you here. No ill refer those questions to the Mayors Office. Yes. Im going the person for the seat for but assuming that is successful. The next orders of the business the report of the executive director thank you madam secretary on that note commissioner johnson not a could sense maybe there will a recommendation for commending you but each commissioner has helped to shape this city when there was an uneasiness from our Development Partners it was really the guidance and the leadership of t
Proposals. Our primary consideration was to have the Successor Agency 3 of the firms have subsequential qualifications and one has a lower fee and was selected by the panel ill like to introduce the partner at jones hall in fefrps of the policies providing opportunities for the s b e the panel talked about the disclosure to the two certified sbe respondents and only one had successor bond experience the panel considered that a vital concern as well as specific Rating Agency concerns about the pledged funds. The panel selected curtis ba barting id like to introduce the principle. Thank you. Item 5 d talked about the contract with jones hall for the issuance of the refunding bonds the maximum payment is 10,022,500 the total amount maybe lower depending on the total amount of the traction that can change according to bond issuance in the order of 8 bond but several of those bonds maybe dropping out so we structured the request for pricing to allows to reduce the fees if the transaction go
Madam secretary please call the roll. Commissioner ellington. Commissioner mondejar. Commissioner singh. Commissioner rosales. Commissioner johnson madam chair the vote suicide 5 is thank you very much. Next item. Thank you, madam chair the next order of business is item of Public Comment on nonagenda items. Thank you. Do we have any Public Comment nobody in the room. Thank you very much next item. Or youre in do you want to comment. Okay. Shes an interim. Oh, come and say hi. Too bad for you, you should have left when everything everybody left im ann im the sgirm for the summer 83 at ocii. Where you from. From washington high school. Oh, very nice. Im becoming a senior next year. What college are you going to laughter . I dont know yet. Good answer. Youre going right laughter not yet. Wow. Pressure. Probably the rest of her family i want to thank you. Thank you. clapping. oh, we can clap, huh . Thank you do you hear with you asked. What was your answer . I said no comment. Very good s
The summer 83 at ocii. Where you from. From washington high school. Oh, very nice. Im becoming a senior next year. What college are you going to laughter . I dont know yet. Good answer. Youre going right laughter not yet. Wow. Pressure. Probably the rest of her family i want to thank you. Thank you. clapping. oh, we can clap, huh . Thank you do you hear with you asked. What was your answer . I said no comment. Very good shes ready for prime time and the next order of business. Report of the chair. Thank you very much. I dont have a report other than to say yesterday, i had a rules Committee Meeting with my nomination and i was for the to the full board of supervisors with support so that hearing will be next week on the 7th or 8 and if successful this will be my last commission meeting. I know im bummed whos going to replace you here. No ill refer those questions to the mayors office. Yes. Im going the person for the seat for but assuming that is successful. The next orders of the busi
Residents to be able to purchase their units how does it work. So im sorry. Could you restate. I i guess whats the how do the unit convert from rental to for sale. Thank you, madam chair. This is a for Sale Development and the developer has the right and i cant recall the exact agreeing integral but the d b. A. Must happen within 12 months but it will expire prior to the execution the developer has to decide the unit are for sale or rental and it will be locked in or well have to amend the d b. A. I apologize maybe i misread that but if it was going to be rental there would be an option to buy. Right if they convert after the hearing we can have a discussion that will be more appropriate for the market if everything is for sale for example, well invite the commission and theyll market them as rental unit and not for sale at this point bus it is a rental project it will be an amendment to the d b. A. If they want to sell certain units. Got it. And then good job on the s b e i think we w