Interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmental purpose for the same reason because they are because of the investment with c dshsg that it would be easier for them to fulfill their obligation that has to do with fulfilling their obligation to had you hud under their loan. Finally food co that one, i know since weve met last time that kroger is still interested in purchasing this parcel. Then the plan would be that they were interested before dissolution and we would still continue to try to sell it to them so that they can improve the Grocery Store there on lane street
Mondejar, sing, rosales, johnson. The vote is 5 ayes. Thank you very much. Next item. 5e thourzing a Second Amendment to the personal Services Contract with twin three Building Maintenance company a sole proceed that extends the term by 15 months to june 30, 2015, and increase the amount. Thank you madam secretary. As you heard in the item introduction this is simply a Term Extension with some additional dollars. The existing contract actually does expire in march and as you know the state department of finance is continuing to review our long range Property Management plan, the latest information that we have that they will approve all the Property Management plans by the end of december of 2014. Certainly we know they are quite busy right now and their review of our obligations payment schedule and the other reviews and this pmp is really at the back of the line. So as you saw in perhaps previous items come before you as a koth contingency matter on the parks with which particular of
Another item really clarifies for Property Management plans. In terms of transfer success or agencies were allowed to guess designate cities or Public Entity to approve a redevelopment plan and also clarified what this bill did that is pursuant to a Community Plan or 5year implementation plan. We provided some clarification for our particular purposes on the Property Management plan, it doesnt help us because we were able to fit one of the boxes and does help other entities as we know around the state. Lastly the bring to your attention there is a formula for loan repayments to the city or county that created the success or, the former redevelopment agencies. We do not have any outstanding loans from the city that the city expected to get paid back. So this doesnt apply to us but it does apply to a number of success or agencies and sponsored and cities across the county. That concludes my presentation on Assembly Bill 471 and im available for any questions you may have. Thank you. Any
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High, Mother Nature has other plans. More records coming up tomorrow. We are going to shatter records in San Francisco, oakland, san jose, an livermore. We will break the record in oakland by 6 degrees. In san jose, we will break a 100yearold record. Most of the area will be under a heat advisories. Inland highs hitting the 100s. If you are one of the folks who does not like the heat, you will be very happy with my sevenday forecast. Hang on for that. We are hanging on. It doesnt take much to start a fire. This fire started when a car knocked down a power pole this afternoon in concord. 15 acres burned like that. The pass will be closed for the next few hours. And in San Diego County tonight, crews are getting a handle on a 700acre wild wire near rancho santa fe. They had to order 120,000 homes evacuated. The orders have now been lifted. Breaking news from i80 and richmond. A driver hit the Center Divide an hourandahalf ago. That set off a chain reaction. In the end, six cars inned up