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Was to maintain the vitality of these shopping district, neighborhood district, and that commitment still stands today with the nonprofit board that i serve under, ive been privileged to serve under because they really are committed to bettering the community for which these garages are residing in. And one example i wanted to give you as far as really trying to quantify the knowledge and experience and commitment, retail [speaker not understood]. Im happy to say were fully occupied and theres no vacancies at the Sutter Stockton garage currently with about 11 retail spaces. We conducted the last three retail leases with no brokers fees. We were with the experience of our nonprofit board. We continue to have full occupancy in our retail and thats because of their knowledge and experience in business, in the community. And i really want to urge you to approve this item. Thank you. Supervisor mar. I had a question. I know the commun ....
Seems to me like youre taking bond money, then, and transferring it through a wheel to operational expenses. To the budget analyst analyst. Mr. Chair, as we understand it, the bonds that have been issued are taking care of their Capital Improvement needs. So, this in effect winds up as 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 suppor ....
Capital improvement needs. So, this in effect winds up as 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 thi ....