we just had a groundbreaking at transbay block 6 about approximately 400 market rate units golub, chicago director he, this is their first investment in san francisco and i believe they've done it right upped your review and direction. it combines 70 units of affordable housing on block 6. [speaker not understood] truly sustainable mixed say stainable. [speaker not understood], mercy housing will be developing another 77 units of housing. so, really thank you for your efforts and the efforts of the community to make that happen. i think that's really emblematic of the work do you here and the work we do with the hard working staff. so, that's one. two, just to draw your attention, there is an informational memorandum in your packet about -- as required under state law. and just good prudence. we do have an independent auditor's report that reviews our year-end financials. no material weaknesses were found. we certainly are managing our funds appropriately and we can also provide you additional details in the new year in 2014 through the budget process, which we will be kicking off rather

the house has acted to validate retroactively so that the president of the golub omnicare modifications. however, rather than embrace these legislative fixes, the president's response has been to threaten to veto the house passed measures. the president's far-reaching claims of executive power if left unchecked will test the president was brought domestic policy authority that the constitution does not grant him. those in the president political party has been largely silenced in this dangerous expansion of executive power. what they say they president effectively repealed the environmental laws by refusing to sue polluters or the labor laws, by refusing to fine violators? what if they president wanted tax cuts that a president would not enact? to the instrument the irs to decline to enforce the income tax laws? president george w. w. bush proposed unsuccessfully a reduction in the capital gains rate. should he have instead simply instructed the irs not to tax capital gains at a rate greater than 10%? the point is not what you think of any president obama's individual policy decisions.