authorize the mou and recommend the appropriation to the board and i am here with large brown and -- laurence brown and megan and we can answer any questions. >> so moved. >> any public comment? hearing none, commissioners, questions? >> i would like to say that once again, the staff seems to have risen to that challenge and some -- found creative ways to meet that challenge. accommodation to you and your staff for figuring out how to get this done. >> i agree. it is an organized plan to go forward given all the changes. thank you. >> i want to thank you for the hard work. i did not understand that projects were being defunded to make this happen. can you give us a little bit of a strategy on how you will refund these projects? >> and some questions along that line. if you could add to that any potential exposure we might have by defunding these projects. the strategy for refunding is always the most challenging. the southern waterfront project we defined it, the back lands was a hard decision to make because there is revenue potential at the other side of that project to the tune of $1.80 million.