formation of one pilot i.f.d. in rincon hill. the second resolution approving the formation of a c.f.d., community facilities district, and financing by abag. this resolution was introduced by mayor newsom and south korea duffy and with the issuance of a special tax bond for city impact fees and also approve the form of joint community facilities agreement and grant authority to city officials to implement that. so. i go through the department's analysis and recommendations, i would like to introduce michael ya yarney who will describe the intention behind the resolution and more of the specifics and technicalitieses about how the two districts would work. >> thank you.