current thinking is that there are some projects that could be discharged as that flows through the ifd, before this is completely sold out, and after that, we are proposing that the port would be allowed to have the ifd, about $1.5 million, $1.55 million, and the issues began to keep, obviously the debt service for that bond, the coverage that grows modestly, and that all grows after that point and would go to the general fund. that would start out about $1.50 million. supervisor mar: so i wanted to thank you for it least recognizing the pork meat for the increment, and it sounds like that is a better balance than there was previously proposed, and i strongly support as much as possible going to the general fund, but i know that the port has needs, as well. thank you. that is the extent of my questions. thank you, president acjhi -- chiu. president chiu: that was set at that height, as of my understanding, is because of the embarcadero freeway that is there. is that correct? >> that is my an internal understanding. i have not seen that kind of formally stated anywhere, but i have certa

your accounting ifd is a revenue, which is an obligation overtime to be paid. the cash flow projection more than it is a pnl. >> this is a budget projection based on revenues. ifd is not included in this projection. >> in terms of your general terminology, so i'm clear. >> we used the payment obligation for the bond or for the obligation for c.o.p. -- it is an expense. >> i know you are all conscious and have done a great job to be diligent about the capital needs, which we are all aware of, which we are going to see in the next presentation. i have some questions about understanding more about what is driving how you come up with the revenue projections. then i have a couple of questions on the cost side as well. your average increase is the same in terms of -- you have -- i wonder if you are using an average increase or whether you are doing a bottoms up -- looking at what is coming up for renewal, what the market rate is. i wonder if there is a way for us to get a picture of what are the major leases coming up in the next five years, those between five and 1

mello roarouse, ifd's. redevelopment is gone, thank god. the successor to the san francisco redevelopment agency cannot produce one that document that the california department of finance agrees. back to you. thank you. >> thank you. sheet metal workers union 104. >> good afternoon, president fong, commissioners, madam clerk. speaking on behalf of our union into an francisco council. just here to say that we support the transit center area plan for several reasons. the wonderful benefits that it will provide and the amount of open space that i

mello roarouse, ifd's. redevelopment is gone, thank god. the successor to the san francisco redevelopment agency cannot produce one that document that the california department of finance agrees. back to you. thank you. >> thank you. sheet metal workers union 104. >> good afternoon, president fong, commissioners, madam clerk. speaking on behalf of our union into an francisco council. just here to say that we support the transit center area plan for several reasons. the wonderful benefits that it will provide and the amount of open space that i saw there is breathtaking and brilliant. the white side walks, and this plan is vital to keep the transit project that is currently ongoing -- ♪ for the war will what but us astonishing what the wall wall art

ifd ask the congress to require the federal reserve to go back to the reporting requirements that were removed in 2000. there were requirements that the fed had to explicitly report its goals for money growth and credit growth and those were removed for whatever reason, but things like that could be replaced. a requirement that the federal reserve explicitly report its strategy for setting the instruments in the policy whether it's money growth or interest rates, whatever they want to do. it's their job to determine that strategy, of course, not yours. and, in fact, if there's an energy and they want to deviate from it, that's their business, but they need to explain why. they need to come back here and say why we deviated from the strategy which we told you we would follow earlier. it seems to me these kind of changes in addition to the restrictions that the federal reserve not purchase vast quantities of private securities, or the idea that we balance the voting responsibility among all the presidents, not just give special voting responsibility to some of the presidents. i think tho

to begin to get the schlage lock and other redevelopment project areas designated and qualified for ifd financing? >> yes, commissioner, although i would characterize it as embryonic at this point. we are not the only area or a municipality in california that has been left hanging by the -- especially, the suddeness of the change with redevelopment. there is a forming a coalition, especially urban core jurisdictions like san francisco, oakland, to some extent san jose, and some of the older cities in southern california. they are looking for an opening legislatively to try to find some relief. supervisor cohen: my specific question is, are our legislators actually moving to introduce that legislation? >> yes, there is a movement underway. i do not know, however, that we will see a successful bill this session. if nothing else, because only so many ways to deal with this issue of the capture of the value of land development, and the governor has sent over a strong signal in the way he has treated the redevelopment movement. so there is the distinct threat that the governor would not sign

be finished ifd taken agree on concrete. still some time to win a brand new and the ford fiesta.ave to do is go to wjla.com/freecar. we picked our first finalist yesterday. going to pick a second file is tonight. is called, if you have 30 minutes to call in and become a finalist. pick a one lucky winner the final 15. do not miss your chance to enter. >> 59 degrees. >> learn how it is easier to against airplaint force screeners. beyonce addressing i give it force screeners. beyonce addressing i give it acc we love theme parks but with four kids, it can justpbe too expensive. ah, so to save money we just made our own. oh no! whabecouldebe worse than ninety-foot swells?! typhoon! first prize! it's a cheese grater. wooooo... this isn't scary. are you kidding me? look at that picture of your mom's hair from the '80s. there's an easier way to save. wooohooo. geico. fifteen minutes could save you fifteen percent or more on car insurance. >> you are watching "good washington," with cynne simpson. is good morning washington, on your side. >> welcome back. we want to take a look at some of

[applause] day ifd not be mother's i did not thank my own money -- there you are.he is here today. it is a big deal when grandma does anything, so the fact that she is sitting in that chair is a big testimony to respect for all of you. ivo will say it again -- i will say it again, i would not be standing here if it were not for her. my mom is my rock, as many of you know. she has taught me to believe in myself, and more importantly, to pick myself up when i stumbled. she is always a shoulder to cry on, and i do that a lot. she has always inspired me. she has inspired me to push to dream bigger than anything she could ever dream for herself. she has always done that, and that is true today. when i think of mother's day, i think of my own mom. this day would not be the same for me without her here. when we were planning this event to honor our nation's mothers, we wanted to make sure all of you could bring along the special people in your own minds as well. we are thrilled to have a wonderful group of moms and grandmas and sons and daughters here with us today. as ji