the port has completed phase 1 of the cruise ship terminal, the james r. herman cruise terminal at pier 27 and is putting in place financing necessary to complete phase 2 of the project. first, the port looked to all other available sources before proposing new revenue, port revenue bonds and the port is also requesting a reallocation of existing taxable debt to taxable projects in the northern waterfront which i will describe. items 5 and 6 allow us to authorize newport revenue bonds and allow us to on an interim basis utilize the city's commercial paper program. and item 6 is an appropriation ordinance of 34.7 million of which 25.3 is new rev nigh bond funds is 9.4 is reallocation. these sources are intended for two purposes. face 2 of the cruise terminal and northern waterfront historic pier projects. the reason for bringing these items now is in advance of having the pos and sale documents is to keep the cruise terminal schedule so we can award big contracts. so, that is the purpose. we'll be back in the fall with the request for sale. just a bit about the fa

architecture, a joint venture, for architectural and engineering design services for the pier 27 james r. herman cruise ship terminal and northeast wharf plaza project at pier 27 to increase the not to exceed contract amount by $1,541,708 from $9,950,000 to $11,491,708 for the period of november 10, 2009, through december 31, 2014. >> okay, thank you very much. ms. forbes? >> good afternoon again. charter section 9.1 18 requires that the board of supervisors approve design service contracts in excess of at or in excess of $10 million. kaplan mclaughlin architects [speaker not understood] were selected through a competitive process for design services on the cruise ship terminal back in 2009, november of 2009. the contract has been amended five times through dpw as the project progressed. the final proposed -- the final and sixth amendment would increase the contract from 9.v 95 million to 11.[speaker not understood] million triggering board of supervisors approval. this is included in the proposed cruise terminal budget. the budget analyst has looked at the contract and the reason for the change