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Transcripts For SFGTV 20121124

Neighborhood quality of life services. Now fiscal feasibility. There are five requirements of fiscal feasible. Looks at direct and indirect economic benefits of project, proposed Construction Costs, proposed funding, operation and maintenance costs and proposal to use public debt. In fiscal feasibility report and numbers we generated with help of eps and barrett, we did use conservative assumptions. If you have questions about the number of assumptions, i have jim mussbach and Richard Burton from eps to talk through them. First the economic benefits. There are two sources. Some is annual unrestricted general fund and other is dedicated or unrestricted revenue. Approximately 12 million in annual unrestricted general fund revenue from sources you see in this chart expected from the development at the two sites. The initial number that was generated in fiscal feasibility report used pay roll tax. We will have gross receipts tax by the time arena is completed. The number has been adjust so

Oakland
California
United-states
Mission-bay
San-francisco
South-beach
Richard-burton
Brad-benson
Peter-albert
Monique-moyer
Operation-maintenance
General-fund

Transcripts For SFGTV 20121128

New zoning. I would think that if there is anything that came forward that showed that we would have to do new zoning for seawall lot 330, that would change the value of that land. We would expect that to be reflected in future agreements. Not they want to go there but if it ever happened we would expect something greater than what is suggested right now. I dont know if the value would change. If final approves include zoning changes. The warriors are proposing warriors are paying predevelopment including entitlement and taking the risk. Oftentimes the city will be reimbursing private developers for that cost. So there is really shared risks in the entitlements. If the warriors are proposing zoning changes that will come before you, evident in term sheet and move forward through the Planning Department processes, the costs and risks associated with that would be borne by the warriors up front in the entitlement process. I hear you and i will take that. Thank you, supervisor. Also a cla

United-states
San-francisco
California
America
Tom-lockhart
Richard-burton
Chris-lynch
Ken-lombardi
Brad-benson
Peter-albert
Monique-moyer
Forward-planning-department

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