regular reports on what's happening with the housing side on the affordable housing side, on the financing particularly. and reports from the mayor's office of housing as well. 17.5% as committed as a set aside for housing. i understand that was part of the financing plan. is that then, also part of the development agreement that we have? this figure, 17.5%, of the tax increment financing, is that a number which is part of the legal obligation that we have? yes, the financing plan is incorporated as an exhibit to the dda and so, yes, that lays out the structure of the public financing project between key

idc and ourselves thank you very much. are there any comments from the public? i think this is a very important-it's only the financing of all the public improvements in all public and fit, the open space, the parks, the infrastructure, it is-it needs to be done good the developer key icd has forwarded some of the costs to get us to this point and certainly this is the way to continue the reimbursement and then the financing of these improvements and the maintenance of these improvements. so, this is a resolution before our board. a motion i will make a motion to approve this resolution write a second? moved and seconded. all those in favor say, aye opposed? the ayes have it. thank you. next item please. item number eight, discussion of future agenda

items by directors. some questions mr. beck. at some point we like to know how the logician with the marina is going forward and who are the stakeholders. as previous meetings some members of stakeholders were here [inaudible] and they also expressed interest on being part of any kind of negotiations going on with the sailing team. at some point, it would be great for us to get an update a chronological type of update, where we are because at some point, were going to be part of all the activities that have taken place for a year now since we started the negotiation of the sailing center so we can present to our stakeholders to my to the city,

to all the [inaudible] how we adjust this particular issue and again, i will leave it to you to come back and tell us here how the other stakeholders are being pulled into this engagement because everyone needs to have a voice as to part of these before we make our decision. i will be looking at that in particular when we are ready to make that good we also need to let us know, we have monthly meetings, how are you making introductions. is it by-are you writing to the stakeholder? do you write them and say let's go to a meeting of view:? all those things need to be there so we know which are the parties are responding to your request. we don't want you to spend anymore time [inaudible] but were open

to the ongoing negotiation. and in good faith. we want to know basically where what is going on. in a couple of months we are going to be ready to make our decision and all these information needs to be presented to the public as to how we are doing with this matter. >> we have conservative considerable amount of work to do and focus on last month has been on some of the public financing discussions, but i do need to reengage with the parties and with the idea, with the idea towards hopefully coming to some sort of resolution of bringing those agreements forward towards the end of this year. we will bring both the itc and to this board updates as we move forward. thank you very much i think on that issue, we asked the parties involved have conversation and discussion and try to come up with resolutions amongst themselves. before coming to the tida board as much as possible. certainly, staff can help that process

along. that would be helpful. are there any other items? hearing none,, what is next on the agenda? the german wonderful. >>[laughing] one of the biggest meetings we've had. thank you very much. >>[gavel] >>[adjournment] >>