And we are going to call one through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility Revenue Bonds and other long term financing source to develop a hotel within the San Francisco International Airport. Okay. We want to recuse super visor farrell without objection. Do we have someone from the airport that would like to speak to the items 1 to three . Supervisors, airport director, sfo and i am very pleased to bring this item before you today. Something that i waited a long time to do to finally bu
Announcements . Silence all cell phones and Electronic Devices and speaker cards, should be submitted to the electricker, items acted upon tonight today will be sent to the board, on the 15th unless others stated. Thank you. Call an item. Which item is it . I tell you what, we been, and we are going to call one through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility Revenue Bonds and other long term financing source to develop a hotel within the San Francisco International Airport. Okay. We want t
Where that capacity doesnt exist and that is a balance. Thanks again. One thing i would add and i want to thank supervisors avalos for this process that we have done our best to leverage outside funding is the really desire for people to do it not just at this park, but at other places throughout this city. I think present my perspective and i appreciate the comments and where thats going potentially, i think as people get more engaged in the city, opportunities come like this for fruition and develop and it bodes well for them for people to continue to get involved in our city throughout San Francisco. This is a part in our area of town and there are going to be other opportunities that are going to be tremendous. We are now bringing people into the fold as being part and contributing to the parks and recreation system and its going to be an exciting opportunity. So colleagues, if no other questions, at this point in time. Mr. Rhodes, can we go through your budget analyst report, plea
Closely with us on pledging funds for development and maintenance. They have raised over 9 million and pledge to raise 11 million. 5 will be ooud used for development and maintenance of the park. Our next Acquisition Policy is to look at the variety of the recreational and open space uses. This area is large and with our existing land it will be over four 4 acres of open space. We can do a number of things on this land. From eating, to active areas, possibly a dog play area and walking and bicycling and sports. For details of the acquisition. The Purchase Price is 9. 9 million. We are looking to pay that over 12 arrears from years from the puc. The money that our pd has in this acquisition fund. Well be receiving the same amount of interest as we are paying out to the puc. The jurisdictional transfer is governed by an mou. This Analysis Shows you our estimated deposits over the next 17 years and our projected fund balance as well as our projected payments for francisco reservoir. The e
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