joan mcnamara, senior project manager, mayor's office of housing and community development. i just ran 30 blocks. [laughter] >> the resolution before you is a resolution regarding qualified mortgage rates new bonds for 1500 mission street. a residential housing development sponsored by related california. although the resolution authorizes the director of mocd to submit an application for the california debt limit allocation committee for permission to issue -- >> ma'am, why don't we give you one second to catch your breath. thanks for running over here. we don't want to do harm on a budget item, number 25. [laughter] >> i think i'm fine. >> at your discretion here. >> although the resolution authorizes the director of mocd to submit an application to the california debt allocation committee to issue such bonds, the primary intent of securing the bond's approval now is to declare the intent of the city and county of san francisco to reimburse certain costs from proceeds of the future bond indebtedness. once the project has been fully approved by the city, we will need to ret