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And under performance we closed on the ninth and 43 million was transferred to the transbay joint Bay Authority for the Transit Center construction so it continues which is a good thing and we expect to bring more of those before you this year so congratulations to the staff. The staff is not here but i do see a number of folk who is are here. Deputy director sally wurt, pam simms is a Development Specialists really carried a lot of the weight in that closing transaction. Gwen and jeff whyte and even former agency staff that helped with that transaction so thank you to everybody for the hard work and the work and leadership of this commission so were right on schedule. Great. I think i need to ask are there speaker cards regarding the executive directors report . None. Okay. Next item of business please. Next is ....
Supervisor tang. Want to thank sfgtv [inaudible] please silence cell phones and Electronic Devices [inaudible] as part of the [inaudible] thank you madam clerk. We have a relatively short agenda so we start off calling item number 1 [inaudible] resolution of a multihousing [inaudible] 61 million. [inaudible] financing for the acquisition and construction of [inaudible] located in the sates eof 588 mission bay thank you. Pam sims is back next week. I will give a quick sumy of this item. It is associated with the issuance of bond proceeds to pray construction related to development of 588 mission bay bull vrd north. When completed this will be a 200 units Affordable Housing unit for families earning 60 percent income or 61 thousand for a family of 4. This is con duet finances and the city isnt interested to pledge repayments for the boj mptd here to explain the changes ....