additional cost to phases 1 and 2 for acquiring the letter of credit and it minimizes risk toal to alice grifth griffithnd ocii and maintain consistent see with the development agreement and you approved that in october of this year so with that i'm going to turn it back over to annabell e. thank you. >> thank you. >> so we have an additional slide that i skipped over. so as as far as history of what the commission approved the commission approved in april of 20144.9 million for predevelopment expenses and for phase 3 we're expecting to bring the permanent loan request back to the commission in the spring of 2015. and these are consistent with the dda requirements related to the alice griffith financing requirements. >> thanks, jeff. so with the approved predevelopment funds for phase 3 which consist of block one the developer and the architect worked on the schematic design application submitted in october. those designs build upon a master plan with community input and the surrounding infrastructure work was also begun in january of this year already in progress and anticipated to break ground next ja