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Payment will be due and clarified in a proposed amendment weve added language to exhibit f. In the unlikely event that this type of delay occurs. If the develop or chose not to issue this perform bond the completion of Housing Units and finally we added the subordinatation agreement says that any lenders to the project would be required to first sign which states the lender would still be subject to the Development Agreement with that ill turn it back to ken. Thank you. Thats the conclusion of the presentation. If you want to do questions for us now or hand it over to the next presenter. Its up to the committee. Do you have any questions . No. Okay lets bring up the next presenter from bl a. Good morning supervisor tang and cohen and we submitted our report on monday on this proposed Development Agreement an ....
Citys economy is expected to expand about 985 jobs an average annual number. Including an average of 340 construction jobs during the construction period and post construction employment gains are associated with the higher personal income in the city and also the employment needed in the non residential part of the project to support the new population and thats a summary of our report. Be happy to take any questions that you have. Seeing no questions thank you mr. Egan for your work on this project. So madam chair id like to go ahead and move into Public Comment if possible. All right so Public Comment is open just want to remind you you have 2 minutes. First we have nelson please come up to the podium nice to see you. Thank you good morning. Glad to be the first one here just to kind of get it moving because its been a long time took us a long time to get here and to get t ....
Good morning everyone to my right is supervisor david chiu and id like to acknowledge staff today and i guess first before we begin colleagues is there a motion to excuse supervisor breed from the meeting today. All right without objection and madam clerk lisa miller are there any announcements you would like to make . Items acted upon today will appear on the agenda unless otherwise stated. Thank you and madam clerk can you please call item number one please. The schlage lock project. What we have before us today has been informed by an Extensive Community process the participation and feedback began over 13 years ago and weve had exactly 18 Public Meetings about this project everything from design principals and design controls as well as Community Public benefit. After the closure of the schlage lock factory t ....
Franciscos borders extend further than they think and we must act collectively. Transportation infrastructure changes cut me off but i do speak in support of this project thank you very much. Thank you very much. Next speaker. Jim. Good morning committee. My name is jim growdin im affiliated with the Visitacion ValleyPlanning Alliance and green way and both projects are there to better Visitacion Valley and im i came here today to ask your support in the funding of the project. Thank you. Thank you very much. Good to see you good morning. Next we have mat and after mat is marlene tran and then jonathan and fran martin. Good morning everyone. I just want to speak on behalf of residents and neighbors who couldnt make it here today. Wed like you to approve this development and feel its a huge impact to our communi ....