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Adopt the budget. That concludes my presentation. Im available to answer any questions you might have. Thank you tom just commissioners to summarize quickly the heart of Budget Proposal is those in any positions that ac that tom went over and the 40 bucket on page 11 of the slide show so those bucket are dealing with the backlog to deal with new policy initiative to deal with process improvements and to fallout grow our ability to do Better Community outreach those are the issues ive benefit hearing from the board of supervisors and the mayor for the last year we hope those kind of address tho...

I tell you what, we been, and we are going to call one through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special ...

Through three, together. Item one, resolution approving the awards of Hotel Management, and approximately, 20 million relating to onAirport Hotel at the San Francisco International Airport item to, resolution approving the issuance of up to 243 million, aggregate Principal Amount of air force commission, capitol plan bonds and 225 million, and item four appropriate ating, 473 million, consisting of 243 million, from the proceeds of the airport capitol plan bonds and 450,000 from fund balance, and 230 million of proceeds from Hotel Special facility Revenue Bonds and other long term financing so...

With my staff. If you like, you can come up to the mic and speak to that. This is our Hotel Project manager for the airport commission. And good morning. And the competitive set around the airport, the hotels, are averaging approximately 80 percent at 165 dollars. Is that what you are asking for . Yes, in the surrounding areas and that is a pretty steady trend in terms of all of the hotels around the airport . Yeah, this is for the full service hotels. Correct. And we have done, a great deal of analysis. And we have gone back 25 years. To see kind of the trend of occupancy. And it has gone up ...

We want to recuse super visor farrell without objection. Do we have someone from the airport that would like to speak to the items 1 to three . Supervisors, airport director, sfo and i am very pleased to bring this item before you today. Something that i waited a long time to do to finally build a First Class Hotel and airport property and something that the world class airport should have. So the items before you today, three items, the first approves the Hotel Management agreement, with the Hyatt Corporation and adopts the findings, and item two, approves the issuance of 243 million in airpo...