now, i'm going to turn the situation over to the financial officer, greg wagner. >> i am not gregg, but he will be up in a minute. commissioners, we wanted to go over the st. luke 0 -- with you again because it is such an important central part of the agreement. per the development agreement, if they open the new cathedral hill hospital, they must first open the new state with a hospital. excuse me. once they open six weeks, they must continue to operate it for 20 years as a general acute-care hospital with an emergency room. the on the way out of this is it operating margin goes below 1% for two successive fiscal years. please note that this is the operating margin as a whole, not just six weeks, and in a moment, greg will be showing you some historical data on that figure. the operating margin is simply the proportion of the company's revenue that exceeds its cost of doing business. in the case of cpmc, which as a nonprofit does not assure holders, these are typically reinvested in the business. we will show you some historical data. the effect of this provision on the agreement as if

greg wagner from the department of public health. [applause] william lee from the department of emergency management. [applause] regina dickey from the office of small business. charean mcspagen. and we have daniel allen, principal of city of parts and technology. thank you again for opening up your auditorium for us. chief joanne hayes white from the fire department. and chief greg serb from the police department. [applause] and we have from the san francisco public library jill bourn. [applause] and anyone we may have left out, we have hodges mendosa from the mayor's office on education. i knew it. and also our cool board commissioner. thank you so much for being -- i've got to pass this on to our emcee shaman walton and is now the district 11 resident as well. shaman. [applause] >> good morning, everybody. i'm going to try this again. good morning, everybody. thank you. it's a privilege and honor to be here to moderate this great discussion. i have the privilege of living in district 11 and working in district 10. so these priorit