Hey everybody, im alex, im here with desean watson. Thanks for having me. Thanks for letting me interview you. Theyll all be here live on good day philadelphia. Well that was good to know. Yes. Oh, that way we can know. Now we know. First ive learn of any of that stuff. This is going to be a good hour. Oh, this is fun hour. Im sure you remember, colleen, the fun hour. 9 00 is the best. Well, should we go back to what i was talking about then . Oh, running in heals . You should try it sometime. This is how we got here today. Good day everybody, it is thursday, april the 27th, 2017. Im mike jerrick. Im alex holley it is not just thursday in philly, it is draft day. So many people are here from out of town, to up 200,000 extra folks. Thats a lot of people. I dont want to miss out. I want to be there with the people. All right, lets go down to the parkway, now i have a challenge for you. What . Lets do this in a rocky run style for everybody from out of town. You know what . Youre on. Okay
Benefits in this garage, each of those cultural benefit Cultural Facilities and st. Patricks church would have commercially reasonable rates that would be rates commensurate with what they were typically paid before when it was a privately operated garage available to the public, the balance. And now its just a maximum of the one to one and the balance available to the public. So, i know that the developer is committed to working with the constituent partners in the area to make sure that their parking needs are satisfied at reasonable rates. Okay. So, that would just be my one request of the developer, is to ensure that the reduced Public Parking spots, which actually i support, are commensurate to kind of needs on the weekend. [speaker not understood]. In terms of the amount of money this project is putting into the general fund, is it the 9. 3 million and the bond repayments . I think thats just one component, to payoff the totality of the garage bonds which is actually 43. 5 millio
A ballpark would be fine. Im looking through some of my other departmental colleagues. ~ looking to the 28 Affordable Housing fee which is based on up to 190 units at the Building Height of occupiable 480, in the range the number is approximately 115 million. Thank you. Thank you, supervisor. I do have a breakdown of i just want to and then i have a comment. We can get copies to Committee Members as well. Im not sure if the developer can provide that sheet. But it is a combination of the Affordable Housing fee, the downtown at work, School District fees, the Mexican Museum core and shell, the operating endowment, the garden payment that you had mentioned, the garage bond redemption. Right. On top of a mixture of some Pedestrian Safety requests and open space requests that were made, including paying into basically the Transit Center district plan open space fee which is 1. 6 million. And, so, how many whats the total . Approximately 115 million. Now, the garden payments, we were given
And, so, how many whats the total . Approximately 115 million. Now, the garden payments, we were given the net present value the net present value for two of the dollar amounts. So, those are again, its not present value, but all the other sums are fixed costs. Thank you, supervisor kim, for that clarification. You know, as i mention, i really have a real this is not necessarily specific to this project. This project is one of yet [speaker not understood] we have coming into this building where we have projects that pay little or nothing in terms of supporting our system of Public Transportation. And are there a variety of political reasons for that, and we saw that in the resoretion of the transip Impact Development fee last year which continued to have a blanket exemption for if you build the biggest hospital on gods green earth and you dont pay a penny in transit impact fees. And, so, you know, i think its incredibly shortsighted of us as a city and as a City Government not anyway d
There are related actions for the 706 mission and mexican project. We have a culmination of two decades of work here. The board has the opportunity to really fulfill a promise to the community that the former Redevelopment Commission, now dissolved again, as i said, two decades ago. This site thats slated for this mixed use project has been on the books along with the contemporary Jewish Museum which is now on the plaza and the other important Cultural Facilities surrounding the gardens is really well over 100 million in public investment. And this is the last piece to that yerba buena cultural district. I think ill just go in brief detail on what the components of that as currently are drafted. In terms of process, the commission on Community Investment and infrastructure, the successor to the Redevelopment Commission will consider the Purchase Agreement and related actions tomorrow, at its hearing tomorrow, when our commission is tracking this. They are aware of the robust public dis