we are continuing to work with our engineering consultant, c.h. 2 m hill to final lies our phase one graphic. we've begun a multilevel seismic graphic, testing out different ground strengthening techniques. in 2021, full blown construction will begin after we've completed permitting and environmental review and is expected to be completed in 2026. the port estimates that this first phase is 500 million, as i've said. of course the primary source is a proposed geobond for 425 million. we also have secured 10 million from our federal partners from army corps of engineers and we are securing 55 million from the state. currently ab 2578 is pending. assembly members chiu and ting and state senator weiner are working for us to capture these funds. what is our pact? the port commission approved this plan, we are recommending this to you. we are asking you to send this to the full board today. deputy city attorney givner has some recommendations relative to a split file, and you'll be hearing from supervisor peskin's office about future amendments at the board, but otherwise, this is our pat