Like you were at some of these meetings where some of these things were discussed no, the nsa was there, i just got the tapes. Im sorry. So we dont have a public listing, per se, but in the first phase of power africa, we did very carefully, through a rigorous interagency process, discuss which would be the six focus countries. And the factors that you describe are, indeed, many of the things that we looked at, to try to assess who would be the good partners. And we will go through a similar process as we think about the expansion. One of the ones that i theres plenty to say about all of them, but one of the ones that ill just spend a moment on is the host countrys commitment. Because as some of the other testimony alluded to, if youre trying to have viable electric utilities, if youre trying to solve some of the problems that are private sector, investors have encountered, in trying to do viable deals, youve got to have a commitment to do things differently. So that was a very one of
To what we would owe 13 interest on . That is right. We are attempting to have that remaining number of 30 million be something taken out early. If we can negotiate a value for the 66year lease at net present value where you look at annual increases, look at what a reset would be, calculate the present value of those that rent stream today and give a credit, that would take out the reminder. Okay. That is actually something i want to show. Right. In the report it said even if you could not do that, that what remained was the 29. 6 million, that is 13 annual rate on the 29. 6 million is 3. 8 million. That would exceed estimated annual Fair Market Rent of 1. 9 million. In that case because they have exhausted the three buckets that would be what the city would be committed to giving. Nothing beyond that. I think thats been one of misconceptions. If warriors have rate of return and more owed, whether because they exceed the 120 million of reimbursable expenditures or because there is a ra
The design will evolve as that takes place. In order to do the fiscal Feasibility Analysis it was important to come up with a broad outline of the proposed business terms for this deal. So the warriors in the city in port work to come up with a conceptual framework. That is not before you today as part of the resolution. I think it is important to take a few minutes to describe the framework that forms the assumption in the feasibility report. The framework says this. The warrior also privately finance all development on piers 30, 32 and seawall lot 30. The city and port will reimburse warriors for agreed upon improvements for cityowned infrastructure. Expenditures for improvement are reimbursable expenditures are capped at 120 million. Funds for reimbursing those are limited to three sources. Let me take each of those three individually. The warriors will privately finance all development. All buildings and improvements, including the multipurpose entertainment venue will be financed
Is giving cash or loan of money or some sort of guaranteed repayment or return. That is not true. What i have been trying to articulate is regardless of the cost of the repair, the reimbursement to warriors is capped at 120 million from three sources we have just discussed. Our current estimate of the value of these three sources is less than 120 million. The port really has a liability in the pier substructure, in piers 3032 in form of crumbling pier. Warriors have agreed to repair it with their money at their risk. What it means is under the current proposal, warriors do not get a return of their investment based on our current estimates of the value of these three sources. Nevermind a return on their investment. If i can have the overhead. Thank you. Not that one. The light one. This is a Pretty Simple worksheet that we work with our consultants eps to present that really looks at the qualified cost and sources for reimbursement. Taking out this notion is not an Interest Rate but co
Work through research and consultants it is unprecedented to have a Sports Facility be privately financed. The sports facilities you see built and rehabed around the country really to one include direct public subsidies from state and local governments in order to finance the arenas. We are talking a billion respond, contributing only to substructure, only to the portion we own. The proposed funding, the city will reimburse warriors for improvements to infrastructure capped at 120 million. Funds are restricted to three sources we have discussed. Proposed operations and maintenance, we have reached out to city departments. The police funded the cost estimates are to be determined. We will be in the cost will be associated with calls for service during events and non events. Responses to illegal vendors and such. Fire anticipates no direct fiscal impact from the project. Number of staff and hours worked will not change as a result of this development. As mentioned by chief lombardi the S