rather than sfmta, may issue debt, and based on march 15, 2012 analysis completed by baxter and carly llc, one of the financial advisers, if the finaf the city would issue approximately $75 million in certificates on behalf of the mta instead of the mta issuing its own $75 million in revenue bonds, the sfmta would realize debt service savings of approximately $860,000 over 30 years, about $28,000 in savings per year. our recommendations are listed on page 20, our recommendation is to propose the various changes submitted by the sfmta. and that you replace the ceqa language on pay five -- page 52 instead state and all the proposed projects have now received categorical exemptions, in accordance with ceqa requirements, that you amend the proposed requirement 11.3 0.31 to require the comptroller's office work with the sfmta to report back to the board of supervisors within six months. after the series 2012 issuance of costs and benefits of using outside financial advisers using in hass city debt management staff and sfmta's initial bonn references, you amend the 11.3 0.41 resolution to reduc