therefore in essence, this is very important, the event authority could pay nothing for and for chartres improvements for the proposed america's cup under the alternative waterfront agreement. we had previously suggested four options by the four supervisors and such options would apply to the north and waterfront agreement as well as the host city agreement. we changed option one listed on page 5 of our report which currently states "amend the proposed agreement to require the golden gate yacht club to be successful and thereby empowered me by the venue. this requirement can be tied to long-term development rights of four properties. the host city currently gives them the authority the option of using san francisco for the 35th america's cup if they are successful. implementation of our current option to make returning this a requirement. we now suggest that instead of requiring that it be held in san francisco, the city should be provided with an option to hold the america's cup in san francisco as noted in our report. we suggest a set of the authority have an assumption, the city shoul