Surplus and can be transferred for operating expenditures to the mta. So, theyre not short changing their Capital Needs as we understand it. Thank you, i appreciate that. I guess my question is but by issuing the debt, you say youre not short changing the Capital Needs, but tame point in time youre [speaker not understood] and youre issuing bonds against it for operational expenses. Youre floating bonds to float for operational expenses which we should not be doing. Youre correct in that sense. Well, our mta operating budget also supports the repayment of the bonds itself. For garage operations in terms of the capital improvements, we would be doing the same amount of work there as well in term of what would be available. Okay. Thanks. And to mr. Reiskin, just one more question. Obviously, and i absolutely understand this board and number of Restaurant Owners that weve gone through quite a bit and love the restaurants and people are involved in the community have influence and i think
Table [speaker not understood] page 32 that would amend in the words i dont have the preexisting language. Hang on just a second. Let me get that page 32. Where its actually about in cityowned garages, the language would be in the middle column where it currently reads none are required, however, if class 1 spaces that can be rented on an hourly bases are provided, they may count towards the garages requirement for class 2 spaces. Essentially, its regulated between class 1 and class 2 spaces in publicly owned garages. We want to change that language, if class 1 spaces that can be rented on an hourly basis are provided then it counts towards garages requirement for class 2 spaces. And with the department of parks and traffic we have to request a waiver from the Zoning Administrator who will be doing the enforcement on these policies moving forward. The Second Amendment would be on page 51 actually, page 52. And that will be roman numeral small ii, for requirement, the new language will
Audit recommendation a costbenefit analysis that was conducted that informed the commissioners when they made this decision . A costbenefit analysis has been completed, but only from an operational perspective. I think what is missing is the indirect Community Benefits and the marketion and the relationship side of the house of the nonprofits have with individual businesses. That part of the oversight has not been quantified. And we hope in the coming year, as part of the review of these new leases, that we would look at that and try to quantify that piece. Because mta doesnt do any marketing or outreach for the nonprofit garages. The corporations do. So if we were to take it inhouse, not only would we have to operate the garages we would have to have some sort of marketing and outreach and communication effort that we have never done before that has not been quantified. Is there any reason to believe that the mta wouldnt be able to administer these garages . No, we have most of the ga
I have learned working with my Nonprofit Group and i have been involved with Community Benefit districts since i have been on board with the nonprofits of really serving the community. You know, these garages and these communities at these locations really serve a diverse amount. I have learned with the different aspectss in really getting to know the locations that i serve. For example, 1865 Parking Spaces at sutter stockton, 12 stories. However, we have a very different sort of clientele as what we serve at union square with about half the capacity. And we do what we can to really have the oversight of what really serves our community . We have probably a 30 drop in transient volume over the span that i have seen. And its various reasons, you know . Be it traffic, be it the office, financial community. Because really 4050 of the patrons are not necessarily shoppers. Then we have the 34hour stay of shopping and dining and what not. So a lot of different aspects we do bring in and with
Good morning. Welcome to mornings on 2. It is sunday march 9th. Im claudine wong. Im mike mibach. Sure we lost an hour of sleep but i feel pretty good. I thought id feel more tired but i dont. I feel fantastic. Rosemary how about yourself. I think im going to need a nap a little later. Good morning to you. We have a half hour until the official sunrise but the sky becoming a little lighter, and you can see solid deck of clouds out there this morning. We are going to be mostly cloudy for the entire day, a very moist air mass in place, even squeezing out a few showers in the overnight hours. At this hour mostly cloudy, most mostly dry and temperatures very mild. 5 to 10 degrees warmer than where we started yesterday. 50s around the bay, even upper 50s in san jose, redwood city, Mountain View. Upper 50s in antioch as well as livermore. As we roll through your sunday were going to continue with all this gray. Ill take you all the way in to close to midnight and youll notice not a lot of ra