So, we want to at least build the foundation for something that can be ongoing. Oewd believes they can manage that and implement it. I think in hearing from the board of supervisors and briefing them and speaking with them, the businesses are feeling the pain so they want to see the money get out as quickly as possible. So i think we increase the proportion that will go directly to grants in response to that concern. Any other questions before i open it up to the public for Public Comment . Chair, i guess im just having a hard time drawing a bead on this. Who would want a loan if they can get a grant . I mean, who asked for the loans . The guys who are, i mean, i dont understand. Just i think the criteria right now for the grants, only available after the 24month project is delayed. The recommendation is for loans to be available at the inception of the project, which is a difference. That makes the loan more attractive. Attractive to help them sustain during the period of time when co
Construction sites clean. That was the biggest, biggest concern, and so we made sure in our Construction Contracts that there is a specific condition that they do that, and that inspectors and resident engineers regularly check and make sure there is compliance, ambassadors will inform project managers or resident engineers if we are not complying. We have hired a fulltime person who will manage the program in the m. T. A. Daytoday, working specifically with project managers on developing specific plans prior to construction, so we are ready to go on day one as soon as construction starts. And we are also working with oewd, the point of todays discussion on finalizing some of the technical aspects of the program. So, here is some specific examples of projects, central subway project you just discussed, twin peaks tunnel, probably the first project where we fully implemented the suite of Different Things that we would do in this particular project and the van ness improvement project, s
This is more of an oewd thing, if a landlord needs to do the seismic retrofit work, maybe it happens, maybe they know up front so they can stage it during some of the worst time of the construction, something to think about, its a little more complicated. If somebody is planning a giant project anyway, good time to do it. Yeah, i know one of the challenges in general with the seismic work, there was not a requirement landlords put anything in the leases to tenants about that. So, us being better than that standard would be great. Mr. Rose, im leaning towards the grant loan mix as being sort of a preferred option. Is there anything about that, that we should know that wouldnt be seems giving people more options is going to be better. Anything about that that is a drawback to it . I think the only the reason that we recommended it up front was because again we want to consider this to be at least to have a sustainable source and something longterm citywide we can consider how to keep it
Senate Banking Committee cherish charred shelby. The committee will come to order. Today, well learn more about the events and the circumstances, that led to the enforcement action against wells fargo by the City Attorney, and the occ and the c. F. Pb. But first today, well receive testify from john stumpf, hes the c. E. O. And chairman, who is was us. Welcome. We will then here from the Los Angeles Deputy cheer whose office was the first for commence the action and finally from the occ and. C. F. Pb. We look forward to hearing from both panels because much remains unclear about what transpired at wells fargo and the regulators response. It appears that wells fargos own analysis concluded that think seanlsd of its employ piece opened more than 2 million account thats may not have been author raised. Subsequent licks wells fargo terminated 5,300 employees and has agreed to pay 185 until fines, and 5 million in customer remediation. Sales dated take show they have been an Industry Leader
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