in february 2013 the over sight approved $20 million for the carol avenue development as part of 1314a. and as a note, last week the developer learned that their applications for funding to the state were received, accepted and approved. quickly i just wanted to show you a site map to point out 5800 third street housing will be in relationship. it's lot 3. lot 2 will be family house that will be developed sometime in the next year and on lot 1, that is facing third street and there's a condominium development and retail on the ground floor. 5800 third street is the first phase of alice griffith. as a background the hunters point shipyard obligates the successor agency to rebuild alice griffiths. they commit the successor agency to use property tax revenue for the housing obligation and finally the dda states the successor agency will seek other sources of funding to help develop the site including state and federal funds. to that end, in 2011, alice griffith public housing was awarded $35 million. the redevelopment agency as a commitment to an implementation of the transformation plan

we will go to the oversight board and have them consider the approval of the ground lease for carol avenue and if the oversight board approves this item then it'll be sent to department of finance for its approval and will be able to execute the ground lease. staff will start the bond issuance process with the board of supervisors in november and finish in december. they will finish the ground lease early next year after the board of finance approves the disposition of the ground lease and financing will close no later than march and once financing closes construction can begin. in the winter of 2014 marketing plan will be submitted and it will be reviewed by ocii and mohcd staff. marketing will begin in summer of 2015. in the fall of 2015 it will receive its the development should have 95 percent occupancy and finally by the winter of 2016 the developer will have closed the project and the loan, land will have transferred to the office of community development. that concludes my presentation. i'd like to introduce the staff that's here, kathy davis from the bay view hunters point. we woul

to pick up a construction development related costs for bayview senior housing located at 17 51 carol avenue. the sponsoring team includes mccormick and bayview hunters point multi-purpose senior services, inc., as the owner and general partner. wells fargo will serve as the limited partner in tax credit investor and citibank [speaker not understood]. bayview will be 121 plus manager's unit comprising 117 one bedroom units four two-bedroom units. all units will be targeted to households more than 50% of area median income and 23 will be set aside for chronically homeless seniors. these transactions are conduit financing which do not require the city to pledge repayment of the bonds. we anticipate closing the bonds in mid february. the project is slated to begin construction shortly thereafter and complete construction in 2015. here with me today is a representative of the development team, [speaker not understood] freeman with mccormack barrett and salazar. we appreciate your support and that concludes staff's presentation. thank you. >> thank you very much. colleagues, any questions? okay.

swerving out of the lanes on cropley avenue, got tangled up ending up in this house adding another chapter of misfortune to a home that's seen plenty of it. when carollers sing of a white christmas, this is probably not what one san jose family had in mind. whitish chalky debris that only this morning looked more like a wall, protectsing the trove of gifts. this affable gentleman is bill who seems to live on some kind of cursed lot. >> even the house -- >> reporter: this home burned down eight years ago around the time of his daughter's high school graduation and

swerving out of the lanes on cropley avenue, got tangled up ending up in this house adding another chapter of misfortune to a home that's seen plenty of it. when carollers sing of a white christmas, this is probably not what one san jose family had in mind. whitish chalky debris that only this morning looked more like a wall, protectsing the trove of gifts. this affable gentleman is bill who seems to live on some kind of cursed lot. >> even the house -- >> reporter: this home burned down eight years ago around the time of his daughter's high school graduation and now he's been burned again, this time by speed racing in his neighborhood. >> it looks like there was a speed contest between two vehicles. the vehicle in front which was the red vehicle in the house clipped a car that was turning left here from the street on to cropley which sent the car out of control. >> reporter: responders extracted what was left of this red pontiac from the house. fortunately for all parties involved, it struck a parked pickup truck first, blunting the image. no one was seriously injured. is this kind of crash an unusual occurrence in the neighborhood? >> into the house?

carol costello. thanks so much for joining me. an emotional day in court in the trial avenue of murdering her husband eight days after their wedding. jordan graham broke down as her teenage brother gave tearful testimony claiming she lied about her husband's disappearance. more now from kyung lah. >> reporter: nothing to say after a damaging day listening to herself lie. the jury saw and heard jordan graham lying to police in two extensive taped interviews. in the first interview graham was matter of fact and unemotional as her husband took off from home in a dark car with washington plates. johnson had been missing for two days. police were searching for him. reality is graham knew her new husband of just eight days was already dead at the bottom of the sheer cliff at glacier national park because she watched him fall. the very next day police video-taped graham again. she went to police because she received an e-mail dated july 10th, three days after her husband's death. temp mail came from a mysterious friend named tony. i want reads hello jordan my name is tony. there's n