Global cases nearing 1 million desire statistics there. Indeed, there are theres been plenty of late. Weve got great guests coming your way including Mike Novogratz on where hes seeing opportunities. Well also speak with the ceo of pa tell, the ohio company thats just received approval for its technology to sterilize medical masks. But the big stories were watching this hour mike is here to break down the latest market moves. Brian sullivan has the late isest on oil and energy. A role eler coaster ride kayla has new details on the relief checks due to americans and bank of americas Michelle Meyer is here with us to tis cuss the sobering jobless claims numbers, but mike, you on the markets. T. Obviously waivering after the early day rally. Take a look at where it leaves us here. It seems were settling into a trading range. Well see if that holds. People can throw out these levels that might matter ta tactically the market has traded technically, just because we are in a bit of a vacuum
Second is Revenue Bonds not to exceed 87 million to provide Construction Financing for the residential project. The hearing was held in june of this year. The bond allocation was approved october 16th and to note this financing is conduit and does not require the city to pledge repayment of the bonds. Third resolution requests approval of amended restated grant to provide 13. 4 million to finance construction of the city owned and operated Homeless Services center to the mercy affiliate developing that project. Of the financing structure to maximize noncity resources to support the homeless center. It covers a portion of the funds needed to build and leveraging tax credit for its portion of the shell costs. To review the timeline. Today we are before you to request approvals. The construction contract will be final later this month. We requested h. H. S. Transfer in december and we would Close Construction and bond financing and Start Construction in january 2020. Once the board approv
Allocation of no place like home funding targets to create the permanent housing for chronic homeless with serious Mental Illness. Second is Revenue Bonds not to exceed 87 million to provide Construction Financing for the residential project. The hearing was held in june of this year. The bond allocation was approved october 16th and to note this financing is conduit and does not require the city to pledge repayment of the bonds. Third resolution requests approval of amended restated grant to provide 13. 4 million to finance construction of the city owned and operated Homeless Services center to the mercy affiliate developing that project. Of the financing structure to maximize noncity resources to support the homeless center. It covers a portion of the funds needed to build and leveraging tax credit for its portion of the shell costs. To review the timeline. Today we are before you to request approvals. The construction contract will be final later this month. We requested h. H. S. Tr
What has happened is storefronts have been left vacant longer and longer as Property Owners have held the property off market for unknown reasons or are holding out for higher rents. The circumstances that have left a situation where every block has at least one and usually multiple vacancies, and that has led to blight, trash, graffiti and has pressed foot traffic. At one point had five vacant storefronts including two which would remain vacant since 2015 and have not been actively marketed in that time. Before i listen i listen to ted egans report on the amazon effect. It is important to explain one of the industries to be impacted by amazon, we have not seen sales decline since i assumed ownership in 2007. Our sales are up even 20 . Jessica many other retailers, we have made up the sale. Internet has allowed us to increase our reaches and technology to increase our reach and seep employee our second week tap automated. The minimum wage and benefits have gone up over 60 and more to t
Consideration in all the questions that you posed around protecting the Small Businesses. That is really what we want to see here. Thank you so much. Thank you very much. Next speaker, please. My name is kristin. I wear multiple hats. I am a resident of the haightashbury and i own im here to speak on support of the vacant storefront tax. Something i have been speaking with. I assumed the role of owner nearly 12 years ago. We have seen a Record Number of vacancies more than even from the lean years of 2008 and 2012. There have been any of the number of reasons for the business closure including retirement. What has happened is storefronts have been left vacant longer and longer as Property Owners have held the property off market for unknown reasons or are holding out for higher rents. The circumstances that have left a situation where every block has at least one and usually multiple vacancies, and that has led to blight, trash, graffiti and has pressed foot traffic. At one point had f