time for local power i think and they are here to present to you their business case and financial deliverless at this point and their principal will be making the presentation. we have ten minutes allot it had for this presentation. >> thank you plaintiffs perhaps miscommunication and we prepared a 30-minute powerpoint. >> i think the first 17 slides are more than enough information for us. >> this is samuel golding our project manager. >> we will have to skip through some of the slides in order to meet your time requirement. >> yes, my name is paul from local power incorporated, we have been working here in the city since 197, i know, as i really, commissioner moran, you have upthe general manager when i started working here on c c a and the city is also involved in the proposition h bond authority in 2,000 one and the 2004 c c a ordinance followed by the c c a complement plan of 2,007 and the work that we are doing now four for which we are grateful is the culmination of that workers. very much consists with the original ordinance that called for the use of the proposition h bond authority