today we have representatives, cathy green wald a vice chair and charles gibson who is a partner. today, i will go over the project time line and give a brief overview i know you heard about this project back in april 28th i will keep it quick, but enough for the public tuning in today, i will go over the changes to the deal terms, since the last presentation, and respond to the questions that came up that day, and provide a rationale for the finding, we're asking you to make of trust consistency, and the lease approval. brad benson will be helping with the presentation. we're very pleased to be before you today to recommend this lease, it restores the bulkhead of peer 38, it makes important public access improvements, this is 100 year old building, it's been closed since 2012, because of code violations we're glad to get it back into use for the beach community and the public trust -- while they're considered the capital investment in july, today marks the conclusion of the process of the selection of tmg as the most qualified response back in 2013, that is with deal term present