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All right. Ladies and gentlemen, good morning the meeting will come to order this the regularly the Budget Finance Committee excuse me board of supervisors budget finance subcommittee im supervisor cohen chair of this committee and to my left is supervisor katie tang and to my right is supervisor yee and our clerk mr. John carol and linda wong thank you jesse larson and phil jackson from sfgovtv so for assisting us today madam clerk, any announcements . Devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the may 2 board of supervisors agenda unless otherwise stated. Thank you very much call the first item Revenue Bonds or commercial placing the total Principal Amount of San Franc ....
Districts and then under state law the agencies had a period of time to pay that money. We did that. Then with dissolution, the funds that had been borrowed are to be, and have been, repaid to the housing successor. Even though we have significant housing obligations still, the general idea for most redevelopment agencies it should be wound down by now and not be doing [inaudible] is certainly not Affordable Housing. So the idea was that the housing successor to the Redevelopment Agency, which obtained all the housing assets in the outstanding loans and all that, would get this, this loan, if you will, to receive the payments from the successor agencies and then use it for Affordable Housing of the housing successor built. So the so the 2 million a years repayment for those prior loans thats now going to th ....