trying to continue on in what we have been doing and so, with this i would like to turnover to tiffany bohe, the director of the successor agency. >> thank you. >> good afternoon, president chu and board members, thank you. city administrator, kelley. as miss kelley outlined in her presentation, this board and the mayor moved swift live in reaction to the dissolution of resefment and as of february first, the board teed up the assets were transferred and affordable housing assets were transferred to the mayor's office of housing which is the designated housing agency and all other assets were transferred to the city under those pisses of the city administrator and the port. all of that, as miss kelley outlined was turned upside down on june 27th. the governor signed into law a budget, number of budget trailer bills including ab 1484 which amended existing state dissolution law and that bill among other things provided for these successor agencies to be separate, legal entities from the city or county that created them. we would have continued under the direction that you have provided in ja