Board approves this item then itll be sent to department of finance for its approval and will be able to execute the ground lease. Staff will start the bond issuance process with the board of supervisors in november and finish in december. They will finish the ground lease early next year after the board of finance approves the disposition of the ground lease and financing will close no later than march and once financing closes construction can begin. In the winter of 2014 marketing plan will be submitted and it will be reviewed by ocii and mohcd staff. Marketing will begin in summer of 2015. In the fall of 2015 it will receive its the development should have 95 percent occupancy and finally by the winter of 2016 the developer will have closed the project and the loan, land will have transferred to the office of community development. That concludes my presentation. Id like to introduce the staff thats here, kathy davis from the bay view Hunters Point. We would be happy to answer any
Itll be sent to department of finance for its approval and will be able to execute the ground lease. Staff will start the bond issuance process with the board of supervisors in november and finish in december. They will finish the ground lease early next year after the board of finance approves the disposition of the ground lease and financing will close no later than march and once financing closes construction can begin. In the winter of 2014 marketing plan will be submitted and it will be reviewed by ocii and mohcd staff. Marketing will begin in summer of 2015. In the fall of 2015 it will receive its the development should have 95 percent occupancy and finally by the winter of 2016 the developer will have closed the project and the loan, land will have transferred to the office of community development. That concludes my presentation. Id like to introduce the staff thats here, kathy davis from the bay view Hunters Point. We would be happy to answer any questions you might have. Than
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
Board of finance approves the disposition of the ground lease and financing will close no later than march and once financing closes construction can begin. In the winter of 2014 marketing plan will be submitted and it will be reviewed by ocii and mohcd staff. Marketing will begin in summer of 2015. In the fall of 2015 it will receive its the development should have 95 percent occupancy and finally by the winter of 2016 the developer will have closed the project and the loan, land will have transferred to the office of community development. That concludes my presentation. Id like to introduce the staff thats here, kathy davis from the bay view Hunters Point. We would be happy to answer any questions you might have. Thank you. Thank you. Is there any Public Comment on this item. I have one speaker card. Good afternoon commissioners. My name is oscar james. This is a proud day for me to support this project. I have only one problem with it. I hope it be named after doctor davis and have
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