Caltrain they dont see that but youll see on the slide the area half mark radius there are one hundred and 80 thousand jobs compared to other figures of jobs open fourth and king about a tenfold difference the other thing on the aerial part of the city this is a few years old the area north of market is built out not a lot of room to grow its a long term grossly goal to shift into the south of market neighborhood. You saw this slide earlier during adams presentation but it shows that were having tremendous success many buildings underway and another 8 residential buildings south of the district plan in the rincon point hear so the shifting development of south ward this is a major generate our of the revenues for the attributing project it was parcels were able to sell and those revenues go toward the funding of the project and a tax increment from the tjpa thats zones one and 2 the 6 red dots are the parcels that were up zoned so again, its been discussed that up zoning allows for tal
A lot of people that dont use caltrain they dont see that but youll see on the slide the area half mark radius there are one hundred and 80 thousand jobs compared to other figures of jobs open fourth and king about a tenfold difference the other thing on the aerial part of the city this is a few years old the area north of market is built out not a lot of room to grow its a long term grossly goal to shift into the south of market neighborhood. You saw this slide earlier during adams presentation but it shows that were having tremendous success many buildings underway and another 8 residential buildings south of the district plan in the rincon point hear so the shifting development of south ward this is a major generate our of the revenues for the attributing project it was parcels were able to sell and those revenues go toward the funding of the project and a tax increment from the tjpa thats zones one and 2 the 6 red dots are the parcels that were up zoned so again, its been discussed
Thank you. The next order of business is consent calendar authorizing the executive director to enter into an agreement with the city of San Francisco i city ac throw the Mayors Office of community and development a 250,000 between the Neighborhood Center and the formal dissolution law action 90 madam director. Good afternoon, commissioners and New Brunswick u members of the public thank you for joining us commissioners this is a proposed assignment of on Economic Development loan to the center made in 1994 certainly like as weve seen a number of items got catch up in dissolution and at this point we are recommending the assignment to the city as the housing successor so the citys plans and missions neighborhood plans for Affordable Housing project in the mission at the 24th street location can happen with that, id like to ask clinical 10 the Senior Real Estate developer specialists to walk through the background and the proposed actions for your consideration. Thank you director bohe
Action 90 madam director. Good afternoon, commissioners and New Brunswick u members of the public thank you for joining us commissioners this is a proposed assignment of on Economic Development loan to the center made in 1994 certainly like as weve seen a number of items got catch up in dissolution and at this point we are recommending the assignment to the city as the housing successor so the citys plans and missions neighborhood plans for Affordable Housing project in the mission at the 24th street location can happen with that, id like to ask clinical 10 the Senior Real Estate developer specialists to walk through the background and the proposed actions for your consideration. Thank you director bohe and good afternoon, commissioners over the last several years the centers have been 2, 3, 4 discussion with the Mayors Office of housing and Community Development on a property 35 unit Affordable Housing project for protecting households on a property on 24th street in the Mission Distr
Was not dlofrdz until i reviewed the loan document and brought it to the council more and more wills this was a mistake that had been made in 1994 unfortunately yeah. Do you have any questions i want to raise before the impanel supervisor bustos thats not here. I have questions so when we make this loan there are interests payment that have to be made were those payments made and the Interest Payments under the loan are only made in it was in default and custodial due otherwise no interest payment. No Interest Payments so thank you sure. Supervisor bustos is not here obviously he had a a lot they couldnt avoid and was committed to before articulating on the commissioner duty he expressed a concern from his prospective he was concerned that a building on balm i didnt was being returned to the market and was very generosity impressed but worried and concern ill put this on record this is perhaps not an answer to freud would that asset essentially when its sold it is sold in the open mark