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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...

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...

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 the risk to not be able to draw down on tifia and not areceived, 429 million in land sales which will mean that block 8 or five had not closed as a mentioned things happen and the land scale dates do get closed out from time it time nothing like four years and the bids on those parcels have already been received. And they are locked in to the extent that there is a disposition and a Development Agreement in pl...

El cap tan, the most difficult rock climb in the world nearing the end of the history making quest. We are live in yosemite. Bump eye bash. Dots the i of this National Championship win. Ohio state defeats oregon with the first ever playoff National Championship. A on win for the record books on this tuesday january 13th 2015. Announcer from nbc news, this is today. With matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. Welcome to today on tuesday this morning. Still celebrating. As they should be. I wish i could say it was a great game but it wasnt. Oregon had dropped p...

No. 3 is communications. [inaudible] because i never said anything on any of these things. Communications are announcements, generally, thats sort of the thing we are looking for. Each of us have business about and the next one well get to the board of directors. It wasnt clear to me before and i appreciate being be clear on that. Without communications, next item. You had a little something. Yeah, what was i going to say . Oh yes, i want to thank sf govtv staff, jessie and eggan are broadcasting us to the world. We very much appreciate that most of the time. Okay. Next item. City clerk item 4...