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voting against those two amendments for the reasons that mr. harrington outlined, out of deference to him, and in their estimation their ability to make sure that this program is successful, i will respectfully oppose the first two of the amendments introduced by my colleagues. and with respect to the third amendment, which deals with the reserve for the reasons that mr. harrington indicated, i will be supporting that amendment. and so i will be urging my colleagues to vote no on the first two amendments by supervisors farrell and chu, but yes on the third. and with respect to the amendments that were introduced by supervisor kim, president david chiu, supervisor cohen, supervisor mar, i will be strongly supporting those amendments. i think that the add to the program and address some of the concerns that have been outlined. and, you know, a lot has been said about the viability of this program, a lot of questions about whether or not the numbers add up, some questions ....
oppose the first two of the amendments introduced by my colleagues. and with respect to the third amendment, which deals with the reserve for the reasons that mr. harrington indicated, i will be supporting that amendment. and so i will be urging my colleagues to vote no on the first two amendments by supervisors farrell and chu, but yes on the third. and with respect to the amendments that were introduced by supervisor kim, president david chiu, supervisor cohen, supervisor mar, i will be strongly supporting those amendments. i think that the add to the program and address some of the concerns that have been outlined. and, you know, a lot has been said about the viability of this program, a lot of questions about whether or not the numbers add up, some questions about protecting consumers. i have a lot of respect for my good friend, supervisor farrell. i just respectfully have a different take. i actually think that, to the extent that consumer protection is the objecti ....
president chiu: mr. harrington. supervisor wiener: there s been some discussion about ultimately a local build-out being financed in some way by the revenues from the cca, whether it s with cash, or through bonding. and supervisor farrell referred to a concern that it just simply would not generate enough cash to be able to bond around it. so if you could respond to that. sure, supervisor. when you re trying to go out and build a major facility to produce power, the normal thing to do is to go out and borrow the money, borrow enough money to pay your debt service while constructing the facility and then when the facility is put in place, that revenue that then now generates by selling that power pays back the bonds. so that s the process for it. the idea would be that, as we work through the process, by having cca out there, by having a customer base, by having a revenue base, we become believable to bond rating agencies and those that might lend us the money. tha ....