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These be advised that the ringing of and use of cell phones cell phones pagers and sound using electron devices is presented c please be advise a member of the public is up to 3 min. To make pertinent Public Comment on each identified him unless the Commission Adopts a short period on any item. It is strongly recommended that members of the public wish to address the commission allowed a speaker card isnt it the completed part to the commission secretary. The next order of business is item 3, report on actions taken in the previous closed session meeting if any. There are no reportable actions. The next order of business is item 4. Matters of unfinished business. Theres no matters unfinished business. The next order of business is item 5, matters of new business. Consisting of consent and regular ginger first the Consent ....
Then 2043 i believe because there is a 2011 deal as well. Lots of bond more than 3 quarter billion dollars. Yes. Okay. I actually have a very nice handout was given and dont have time to read it this time but think the is very interesting. [inaudible] do we have any additional questions . May i ask the sequa question since it is raised on the record . Thank you. Good afternoon. Bree mu horta dep tedirector of finance administration. I would like to separate the issue of financing from sequa. The issue before you here today is how will we raise the capital necessary to finance the project. Many of the dollars are expended by the developer. About 5 opercent the new money dollars go to refl burse the developmenter for structure in place. The opa [inaudible] to the developer which means all property tax above the base level of property tax in the Redevelopment Area was created boy legal right belongs to the developer and the agenc ....
Sfmta answer that. I believe it is around 10 percent but let me afternoon commissioners. Greg nob nab mta praiject manager for folsom Street Project work wg ocii and public works. The question of how many parking space will remain along folsom street rf affthe project is still something we are working on. We have to work with the Fire Department. The original plan is sth majority of the parking remains othen street and hopefully that st. The case but the Fire Department is concerned about the width of sth street available it them and the way it is designed it may notd be parking but curb side loading is i think the more appropriate treatment along the street given the high density. Something the team will on with the Fire Department in the coming weeks to figure ....