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Budget could absorb that. And so my first question is, what are the key risk items, and you may have said this, and just articulate again, the risk items of being able to do that . And in the probability and then in the second piece is, if you are not able to do that, and you go and you go to the full extent until you have to have the tax increment financing, what is that, what is that equate to in terms of what the budget can absorb and what additional funding would be needed . Sure, i will address your first question, first, about the risk. And so the risk of not being able to pay back is th...

Are looking at early 2019 before there is a possibility of a payment default. And as a mentioned before that, before we got to that point, we would have undertaken the process, issue a tax increment and that will return to the bridge financing before returning to the bridge collateral. And so the remaining actions to close, and mtc does have to finalize the approval of the quick claim amendment and as i mentioned that will and should occur next week. The oci, and the city, and the board of supervisors do have to take some legislative actions, and because the city is a party to the option agree...

Slightly ahead of schedule and keep it on the trailer and park the trailer in the storage lot and bring it out to the project as they need it. And obviously it is close timing between feeding the project with the steel arriving and because we dont have especially for the size of the elements we dont have the storage on site, later when the train gets poured and the floor slab for the finished trades there will be more room to stage the material on there and the bus deck and the roof deck for the specific activity and not for the structural steel. That is what makes it more complex, and a lot h...

Office on identifying that funding. So we will have a budget adjustment before we are ready to execute the loan, which will meet theirs. We have to. Okay, all right. And i, and i noticed that you had the office of the citys office of Public Finance on the Selection Committee . Yes, we have been briefing them because nadia sits on the ocii over board as well and we have briefed the Mayors Office as well on the real estate klaleral and so they have been involved. And the last question is the margin that you said was set or that you spoke of what it would be for the first year, and what is the. I...

A short term loan. On our own and be solely backed by tax increments. And the tifia loan does have conditions for disbursement and the two key conditions are selling 429 Million Dollars worth of the former state owned parcel and we are at 222 million now with the sale of parcel t, last year and 2013 and the block, 6, 7, this year and we anticipate reaching the 429 next fall, when blocks five and eight close in september and october respectively, dem nation of the full funding for the project and you will recall, approving the tifia amendment this past may, and under that amendment, the formati...