The first item . The first order of business is item 1, roll call. Commission members please respond when i call your name. Commission mand har is absent. Commissioner [inaudible] present. Commissioner sing rr, here. Commissioner booustoes, here. Madam chair rosales, here. Commissioner mondejar is absent and all other members are present thmpt next order of business is item 2, announcements. A, the next regularly scheduled meeting of november 3, 2015 is held at 1 p. M. At city. Announce of prohibition of sound producing Electronic Devices. The rings of and use of cell phones, pagers and similarly sound producing Electronic Devices are prohibited at this meeting. Please be advised the chair mayordser removal of the meeting room of any persons responsible for the ringing of or use of cell phones recollect pagers or other sound producing Electronic Devices. C, announcement of time allotment public comability. Be advised the member of piblic has up to 3 minute to make Public Comment on eac
115. This is the regular meet ogen commission on Community Investment and infrastructure. Tuesday october 20, 2015. Welcome to member thofz public. Madam secretary can you call the first item . The first order of business is item 1, roll call. Commission members please respond when i call your name. Commission mand har is absent. Commissioner [inaudible] present. Commissioner sing rr, here. Commissioner booustoes, here. Madam chair rosales, here. Commissioner mondejar is absent and all other members are present thmpt next order of business is item 2, announcements. A, the next regularly scheduled meeting of november 3, 2015 is held at 1 p. M. At city. Announce of prohibition of sound producing Electronic Devices. The rings of and use of cell phones, pagers and similarly sound producing Electronic Devices are prohibited at this meeting. Please be advised the chair mayordser removal of the meeting room of any persons responsible for the ringing of or use of cell phones recollect pagers o
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 agency is past for that. The opa obligates the agency to issue de
The first order of business is item 1, roll call. Commission members please respond when i call your name. Commission mand har is absent. Commissioner [inaudible] present. Commissioner sing rr, here. Commissioner booustoes, here. Madam chair rosales, here. Commissioner mondejar is absent and all other members are present thmpt next order of business is item 2, announcements. A, the next regularly scheduled meeting of november 3, 2015 is held at 1 p. M. At city. Announce of prohibition of sound producing Electronic Devices. The rings of and use of cell phones, pagers and similarly sound producing Electronic Devices are prohibited at this meeting. Please be advised the chair mayordser removal of the meeting room of any persons responsible for the ringing of or use of cell phones recollect pagers or other sound producing Electronic Devices. C, announcement of time allotment public comability. Be advised the member of piblic has up to 3 minute to make Public Comment on each agenda item unl
Properties with construction completed or soon to be completed but not yet on the tax rolls. We can issue a parody bond based what is on the tax rom but there is a lag between incompletion of the project and getting oon the tax roll. This is taken to maximize the funding provided and development in future tax increment that can be taken advantage of now without waiting until the years get on the tax rolls. The debt uvs is lowing in early years to offset uncertainty regarding the timing of assessment of the completed projects [inaudible] sufficient tax increment available. Final Interest Rates on the bonds are grud in negotiation with the investor or investors. [inaudible] also included in the items before you. July 7 [inaudible] Underwriter Panel on the due date 10 days later 8 proposal were received and reviewed by a panel consisting on bob gamble of pfm, ocii Financial Advisor [inaudible] San Francisco Controllers Office and myself. The panel evaluated on the following criteria, expe