the member of the public who wishes to decrease the -- to address the board is fran martin. >> mr. martin has left. >> ayes have it. item 12, right? >> item 11 urging the board of supervisors to place the $500 million general obligation bond on the [tphro-rb/] 2014 ballot. >> director reiskin. >> yes, because this is now moving forward advanced from the budget and finance committee to the full board in july and matt will give you a brief update on what specifically is the bond that is making its way to the ballot. >> good afternoon, mr. brill. >> good afternoon, directors, matthew brill in capital finance at mta and thank you for hearing this item today. so as you have seen before you, you have seen these problemings before, it's tough to get around san francisco. it can be stressful. muni can be crowded. and streets can be difficult to navigate, no matter what mode of transportation you are taking. as you have seen before, the mayor's task force in 2013 convened a group of 45 shake holders to look at the system in san francisco, look at the needs over the next 15 years and look at