mr. chairman, members of the committee, supervisor breed, on the bottom of page 29 we state that the estimated project cost to rehabilitate 1500 page street, [speaker not understood] mercy housing is available funding sources total 10,341,519, which is 16,639 more than the estimated project costs. and table 5 on page 30 of our report shows the various funding sources [speaker not understood] for mercy housing 1500 page street project. on page 30, bottom of page 30, we report that the average cost per unit for constructing the 1500 page street affordable housing project for developmentally disabled adults is 6 07,346, which is 49% higher than mohcd s average of 408,98 4 per unit. on page the bottom of page 32, we he report that if the city purchases 1500 page street, pays the balance of the private loan by east/west bank, [speaker not understood] gives the city s outstanding loans to [speaker not understood], the net loss to the city is 3,0 58,269. however, this loss is 5,
agreement is that the rate will increase from $1.21 to $1.27. the cap is currently at 10.$5 million and the cap will have increase of 5% over the next six years. and the agreement also will expire to coincide with the feeder agreement. okay, thank you very much. colleagues, any questions? okay, mr. rose. after a few hours, can we go to your first report, please? absolutely, mr. chairman, members of the committee. on page 10 as shown in table 4 and that s on pablo 11 of our report, the total estimated reimbursement by the sfmta to bart over the sinstion year term of the proposed agreement to continue this to provide muni fast pass riders with the bart option would range from 52.8 million to 63,0 48,9 26. and on page 12 of our report the report because the sfmta fast pass program results in estimated net cost to sfmta in fiscal year 13-14 of approximately $4.5 million and will continue to result in estimated net costs by the sfmta over the entire six-year agreement, we co
some of the new arrangements with with bart with the bart agreement is that the rate will increase from $1.21 to $1.27. the cap is currently at 10.$5 million and the cap will have increase of 5% over the next six years. and the agreement also will expire to coincide with the feeder agreement. okay, thank you very much. colleagues, any questions? okay, mr. rose. after a few hours, can we go to your first report, please? absolutely, mr. chairman, members of the committee. on page 10 as shown in table 4 and that s on pablo 11 of our report, the total estimated reimbursement by the sfmta to bart over the sinstion year term of the proposed agreement to continue this to provide muni fast pass riders with the bart option would range from 52.8 million to 63,0 48,9 26. and on page 12 of our report the report because the sfmta fast pass program results in estimated net cost to sfmta in fiscal year 13-14 of approximately $4.5 million and will continue to result in estimated net co
absolutely, mr. chairman, members of the committee. on page 10 as shown in table 4 and that s on pablo 11 of our report, the total estimated reimbursement by the sfmta to bart over the sinstion year term of the proposed agreement to continue this to provide muni fast pass riders with the bart option would range from 52.8 million to 63,0 48,9 26. and on page 12 of our report the report because the sfmta fast pass program results in estimated net cost to sfmta in fiscal year 13-14 of approximately $4.5 million and will continue to result in estimated net costs by the sfmta over the entire six-year agreement, we consider approval of the proposed resolution to be a passing matter for the board of supervisors. however, we do recommend that the amend the proposed resolution to provide for a six-year total not to exceed reimbursement a.m. or cap of [speaker not understood] payable by the sfmta to bart under the proposed fast pass agreement. as the department testified, there is