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Electronic devices. [inaudible] items acted apauchb today will appear on february 9 board of supervisors genda unless otherwise stated thank you madam clerk. Can you call item 1 and 2 together . Resolution [inaudible] the Public Interest and [inaudible] demand the construction, acquisition improvement seismic strengthening and betterment of critical [inaudible] homeless shelter and Service Facility and related cost necessary or [inaudible] find thg estimates cot of 350,000,000 is too great to paid out of the annual revenue [inaudible] item 2, ordinance called and provider for special election to be held in the city june 7, 2016 submitting to voters to incur bonded debt of the city. Colleagues we have these items we continued from last week here at committee and brian strong was director of capital planling planning is here to provide a presentation. Thank you very much. Br ....
350,000,000 for the 6 proposed projects and that is page 9 of our report. On page 9 we report that the project crossed totaling 350 350 million do not include furniture cost or equipment. Such cost total 10, 800, 000 dollars. On page 10 of our report we state the bond will result in smailted total debt service of 603, 999, 767 dollars including 253, 997, 757 in intrest and 350,000,000 in prinssple with debt payments of [inaudible] and that is over a approximate 20 year period. The owner of a Single Family residents with value of 600 20 year period. The owner of a Single Family residents with value of 600,000. Additional property tax of 54, 27 cents to cover the general Obligation Bond. All such property tax increase should be offset through the [inaudible] general Oblig ....
Thank you madam clerk. Can you call item 1 and 2 together . Resolution [inaudible] the Public Interest and [inaudible] demand the construction, acquisition improvement seismic strengthening and betterment of critical [inaudible] homeless shelter and Service Facility and related cost necessary or [inaudible] find thg estimates cot of 350,000,000 is too great to paid out of the annual revenue [inaudible] item 2, ordinance called and provider for special election to be held in the city june 7, 2016 submitting to voters to incur bonded debt of the city. Colleagues we have these items we continued from last week here at committee and brian strong was director of capital planling planning is here to provide a presentation. Thank you very much. Brian strong director of Capital Planning. Good morning. Happy to be back befor ....
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