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Interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmental purpose for the same reason because they are because of the investment with c dshsg that it would be easier for them to fulfill their obligation that has to do with fulfilling their obligation to had you hud under their loan. Finally food co that one, i know since weve met last time that kroger is still interested in purchasing this parcel. Then the plan would be that they were interested before dissolutio ....
Thank you scott. As you can see elliptic cookery is a great educate to the shipyard and well glad theyll remain an International Part of the future. I want to now get both into the excuse me. Acting design. Ill ask my colleague to talk us through the Schematic Design thank you. Im with the urban. Madam chair nice to be here were happy to be here the kitchen will be the first building erected in phase two thats a milestone right there with many more to follow soon thereafter. As mr. Madison outlined were fascinated by the business we saw the trucks coming and going we brought out our tape measures and there was a beehive of activity if you ever get a chance to get a tour ever that place before its torn down its a constant activity every inch is being used by several businesses. We view that as certainly a major positive asset for your flej new neighborhood so getting int ....
Of a gardens for the expansion project will have been finished. It will be done. It wont matter what any success or entity thinks about it. There are major changes being proposed by the master project in the childrens garden and parts of cb 2. As far as i can tell the date they have acted as if you dont exist. Community people, even though it your property and you are the body for the gardens for what should and shouldnt be there and what should or shouldnt change. We really want to draw your attention to this. You should have equal role with the city with regard to the expansion project designed impacts on the gardens. Your job is protecting integrity of the gardens, the quality of the gardens and im sure you want to and im sure you can. I think its possible. There is a lot of good possibilities in expansion project but there are also a lot of negative impacts and what brought this into focus was the architects told us that childrens garden has to go and that its in the way. Thats not ....
But the success or agency to Work Together or transfer its interest to the city and have the city sell them so it can reconfer recover as much as possible the 5. 5 Million Construction loan. Anything other would be considered program plan because it was purchased with the Program Renewal funds. If nothing happens and the ground lease remans in place, they have rights for the ground lease inform that case we are proposing that we still transfer the property to the city, have the city take over as the landlord for governmental purpose for the same reason because they are because of the investment with c dshsg that it would be easier for them to fulfill their obligation that has to do with fulfilling their obligation to had you hud under their loan. Finally food co that one, i know since weve met last time that kroger ....
Im not going through the enforceable obligation discussion because there is a lot of information in your memo and if you have questions i will answer. Im going skip right to the disposition plan for those. For 11b and 3, so for parks, 11 b and 3. We have the same disposition. We would basically just retain those temporarily to fulfill our development obligation. We would ensure that they are developed as parks and then once they are developed as parked we transfer them to the city and the city would maintain them using funds with funds from the Community Benefit districts that would be formed in the future. The transfer date for those, 11b is estimated to be in 2016 sometime and blocks 3 would be 2019. So lot 10 what we were going to do is just not exercise our option on block 10 because this parcel is immediately adjacent to land that the tjpa already owns and is going to actually operate a park under some bus ramps in the fut ....