commissioner antonini: one for c.u. and one for shadows. it looks like you have the funding in place for this to go forward. >> emily lynn, we have secured the local funding. what is left for us to secure is the tax allocation that will be applying for the spring. commissioner antonini: what will the total impact be in terms of the revenue at the cost of the project? >> it was approximately $40 million. commissioner antonini: thank you. president miguel: i think this is an excellent project, the public comment, those here in the audience, i'm sure took note of them. try and work with the individuals, i am sure it is not the first time you have heard this. >> on the motion for the chateau -- shadow being not adverse and the conditional use is approved with conditions. commissioner antonini: aye. commissioner borden: aye. commissioner moore: aye. commissioner sugaya: aye. president miguel: aye. >> the motion passed unanimously. i just will note that i will issue a different emotion numbers for each. you are now a hot item number 14. 151 third

the legislation would enable a medical clinic up to 15,000 square feet as a principal use and above c.u. subsequent to the committee's action, supervisor cohen amended the legislation in response to concerns from industrial neighbors. at the january 30 committee, the land use pass legislation as the committee report and the full board voted on it the following day. they also approved it unanimously. other items before the full board -- i think that was the only thing before the full board. there were a few things introduced i would like to share with you. and the first is the ordinance you work on, the restaurant ordinance, which has simplified controls for restaurants. the changes you have and you're hearing were numerous, so what happened is instead of revising that in committee, a full new ordinance that incorporates your modifications has been introduced come and that is currently under the 30-day hold. i should mention supervisor wiener and a lotolgaue for supervisors of that. supervisor kim supervise legislation for [inaudible] . president chu introduces nomination for some thcind

the c.u. process for the wireless, which we have no heard you on, would have been better venues for the jurisdiction requester. the issue for me is in between -- between knowledge of the impending project at that time, there was an extremely long gap to the point where it took notice of construction starting to bring forth a jurisdiction request. have -- the appeal of the variance and the permit itself has aged tremendously. i am not prepared to accept jurisdiction at this point. vice president hwang: i am also inclined not to grant jurisdiction. the information provided by the zoning and mr. was useful for me to understand the communication to occupants in the building. i appreciate the clarification of what was going on with the two different permits. if the jurisdiction request your did learn of it in december and filed a jurisdiction request, i do not think that creates such a concern that my fellow commissioner had on timeliness of the request. that is not an issue for me. i think it -- i

the c.u. in an interview to cnbc spoke about the long-term financing operation from the bnc which it believes is a very good decision. >> it's a smart move from the ecb. it created something new. we've been at the first tender. we'll see what are the conditions for the second part. we'll see. we do not plan to buy any bond with this or this is not -- as far as we can see the situation, the purpose of this financing tool. >> they said they would not use the profits to buy it from europe. by the way, lit release its earnings tomorrow morning and we're expecting a 78% decline with another provision from greece. >> thanks for that stephane. stick aurchltd he's won the corporate investment banking. deleveraging will hit earnings. joining us is alan depo sew. thanks for joining us. the economy actually didn't shrink in the fourth quarter, but this process of deleveraging, have we only just recently started for the banging in europe in terms of delever e deleveraging? >> that's correct. the challenge