my name is jonathan goldberg, and i'm here on behalf of district four supervisor joel engardio. i know many of you are familiar with the scope of this ordinance. as it was first heard by the planning commission in july 2023. it was subsequently approved by the board of supervisors in december 2023. that ordinance, which amended the planning code, zoning map and local coastal program to create the wawona and 45th avenue cultural center special use district is effective but not operative because it has not been certified by the coastal commission since transmittal of this lcp amendment to the coastal commission staff recommended the city amend the ordinance and clarify principal permitted uses for zoning districts within the coastal zone. we support this effort. this is to bring section 330 at sac into conformity with language in recent county. lcp certified with the coastal commission in the revised ordinance before you today incorporates those amendments recommended by and drafted under the guidance of coastal commission staff. i wanted to thank staff from the planning departmen

jonathan: treasuries surging. goldbergen highly frustrating for investors as they continue to overreact to every data point. treasury yields likely to grind into range. good morning. is it a feature or a bug? >> this is exactly what they get when they say data dependent. the market will over extrapolate. we will see this the next few weeks. we'll see what happens. maybe the economy is long. a couple months ago, we were pricing in a full rate cut. it has gone down to one right before payroll. the market will keep swinging around. that is what you keep hearing from investors. jonathan: is that where you want to lurk? >> i think that is the sweet spot. i do worry that the 30 year option is going to be a little bit touchy just because of the amount of funding. i think it is very important what they said in the refunding statement. they asked us when we feel that the surveys, when do you expect us to increase them further? it is a key point in the language. the five to 10 year point from a fundamental state point makes a lot of