were paid subject to ocii approval and in conformance with the negotiated terms of the dda. construction on the podium and market rate project began in november of 2013. on april 15 of this year commission authorized a total loan of $14 million for block six and that began on may of this year. we've been working on block seven and is requesting a development loan of $3.3 million. on july 2014 the city affordable housing loan committee recommended approval of this request. mercy is now proposing a revised design for block 7 that adds eight ewe anyones, bringing it to 85 units including a manager's unit. because if those maintains are reasonable that is within the guidelines established in the original rfp and that provides additional affordable units for the project area that was required under 8812. the proposed revised project will be an 85 unit family project with 34 one bedroom units, 33 two bedroom units. it will include a 3500 square foot daycare center along with open space and the dare care will serve approximately 30 children living in the building as well as local f

revised concept designs, and then, we have a lot of work to do between now and march to finalize the dda and get the team to the scematic level and one of the requirement is to pay a non-refundable good faith deposit of $2 million and we anticipate the full amount of the purchase price in september of 2015. and then they will start the construction, and soon as they are ready but more likely than not, april of 2016. >> with respect to the purchase price, when we presented the budget we identified, 241 million in funding and assuming the price of 172 million holds for block five that will get us to (inaudible) in land sales for phase one or 26 million more than what we presented to you in july of 2014. , the additional 26 million to increase the budget, and we would wait until the financial close of block five to do that. >> we are going to have steve here to update on the report but he was called to jury duty and he will be here next time to present that. >> absolutely. good morning, steve rule with turner construction, and providing the construction oversight for the typa and as the jec

block six is included in the initial cfe, and and they are required to participate in the cfd, and the dda, or the distribution and development, in the ci and also, prosides the same thing. and developing by tmg has not yet received the entitlements and if it does receive the entitlements and the planning commission will impose the same condition that the tmg participate in this cfd. and so that makes a total of 6 development projects that are subject to the cfd in the near term. >> and the in conjunction with the transit district plan that the per described methology for establishing the special tax rate, the rate will be the annual same as 0.55 percent of the building value, and that will be paid, annually, and 30 years and so that is about a half of one percent, and for 30 years. and the implementation. to determine the tax rates, and to set be forth and by the supervisors and by required by the mela rus, law, and after that the city conducted the study of the current real estate values in the district plan areas and developed the special tax rates for the rm a, equivalent for the annua

and we have excel rated the time frame and we have less than a year to get to dda, and but, i think that a big part tf and we have partial and i mean that we were in economic times, excuse me, and so, you know, >> it could happen again. >> it could happen again. >> but. you know, this is, we put in a strong of language as we could. and in the ena. and >> what is the $30 million that you mentioned before? >> for transbay block six. >> okay. >> block six. >> it is the residential. >> is that fixed? >> that is all right done. >> it is already done. >> they already have that money, and that was, the first rfp that the ocii did, for the residential block, and we issued it in 2011 and, we actually did not he is cute it, but we closed on the dda in the middle of last year, 2013. >> i know that there is only so much that you can do and i hope that we pay attention to it. >> okay >> thank you. >> thank you. >> and now, scott will give a construction out reach, update on our bus ramp work. >> as steve just described the bus ramp is by the nature, a geographic location from the footprint of the tra

they deal with the dda, homeland security, security staffs with fbi people on there, they deal with every local police force. why tmz could get this tape and the nfl couldn't, that's inexplicable. >> there's a bigger crime to me. i know goodell is under a lot of fire though, but like you i'll take him at his word and say he didn't see it but he did ask for it. but law enforcement did see the tape. yet these were misdemeanor assaults on both counts. now ray rice's wife is saying to back off, this is our life, you're taking his livelihood away. should that impact people's thoughts on this at all? >> no, i don't think so. i don't think so whatsoever. the prosecutor, district attorney. how this became a pretrial deal with he could take this diversion program and then not have to face what he should be facing, which is a jail sentence for this. it's inexplicable to me and now the prosecutor and the people in atlantic city this afternoon said that this was a right decision for this. no one can understand it. maybe we could understand it if we didn't have the video. but now we have the video and

a lot going on today on this y dda day, september 2nd. mother american has reportedly been beheaded. we're talking about steven sotloff missing since 2013. i wa >> in the last few minutes i have been able to speak with someone who has seen the video posted in a very limited way online. they described it to me as a video fairly brief under three minutes in length and they said to me it's called a second message to america. you'll recall that the first message to america direct message from isis to the american people was execution video of journalist james foley. this is called the second message to america. and it begins again with video of the president announcing why there are air strikes in iraq and then it shows an individual we believe is steven sotloff. we don't have independent verification of the video's authenticity. an individual that looks like steven sotloff is kneeling next to the executioner. also wearing an orange jump suit. this is very clear messaging by isis. synonymous with guantanamo bay and his head is meishaven. it w