and a concurrent project that abag and mtc are running right now, bringing to the table different scenarios, starting points, land use scenarios, and they will be providing findings to you through april. with that, i would be happy to answer any questions. commissioner campos: just a couple of questions. when we are talking about the funds here, is the focus on operational, capital? how does that work? >> this is all the way through 24 it. all the funds that mtc expects to come in the region, including capital, operating -- unfortunately, this is not new money. this is dividing up the money that we already have. commissioner campos: as commissioner wiener indicated, there has been an attempt on the

resolution approving the issuance of tax-exempt revenue bonds, by the abag finance authority for nonprofit corporations, for purposes of section 147(f) of the internal revenue code in an aggregate principal amount not to exceed $120,000,000 to finance and refinance various capital facilities owned by episcopal senior communities. supervisor chu: thank you very much. come on up. >> good afternoon, members of the budget and finance committee. the item before you approves the issuance of a not to exceed $120 million in revenue bonds on a tax-exempt basis to finance various projects of the episcopal senior communities. the financing has no fiscal impact on the city and this is not obligated for payment. should you have questions on the project itself or the financing, mr. bill tobin with the communities are here for your questions. supervisor chu: thank you. i believe this item also does not have a budget analyst report. >> there is no fiscal obligation to the city. that is why there is no budget analyst report. supervisor chu: thank you. again, this would not result in the general fund being

and a concurrent project that abag and mtc are running right now, bringing to the table different scenarios, starting points, land use scenarios, and they will be providing findings to you through april. with that, i would be happy to answer any questions. commissioner campos: just a couple of questions. when we are talking about the funds here, is the focus on operational, capital? how does that work? >> this is all the way through 24 it. all the funds that mtc expects to come in the region, including capital, operating -- unfortunately, this is not new money. this is dividing up the money that we already have. commissioner campos: as commissioner wiener indicated, there has been an attempt on the part of some jurisdictions to flex their muscle and increase their powers. how do we make sure that our projects have priority, as this goes forward? >> this cycle, it is looking more optimistic. mtc's goals are much more consistent with investing in urban areas. the prudhoe between october and february will be the time where these things can be weighed on, to advance priorities. >> thank you. i