g.g. whitley is here to answer them. thank you. >> thank you very much.s any comments on questions? seeing none. >> good morning chair fewer and members of the committee. this would improve the first of two ten year options to extend this lease through 2019. it's for 75 supportive housing units. the rent includes by formula in the original lease agreement, based on the formula, the first year of rent will be $1 million as we show on table 2, page 4 of the report. it will go up between 2% to 6% per year. we expect an increase of 3% a year, for a total cost of 2.2 million over the ten year term and we do recommend approval. >> thank you very much. is there any public comment on this item? seeing none, public comment is now closed. i like to make a motion to move this to the board with a positive remitted -- recommend takes. madam clerk, can you call item number 2. >> a resolution on a multihou multihouse -- multifamily housing revenue notes, on a 30 unit multifamily housing project. >> joan mcnamara. >> good morning, my name is joan and i'm a senior project