while i'm waiting for the powerpoint to come up, i wanted to recognize that leon winston with source w shares with here, and i have a few slides on the background for this item and then ask leon to come up and say a few words, as well. so what we're proposing today is an option to lease for parcel c-3.2, which is an r-1sub phase of development between tida and sourceable outshares. just on background, as board members know, but members of the public may not be aware, the treasure island navel stati navial station was selected for closure in 1993, and in 1994, the island entered into a base housing initiative, now known as one treasure island to develop a portion of the affordable housing on the island. and included in member agencies of one treasure island are community housing partnership, catholic charities, source 360, and other entities such as rubicon and toolworks. in the 2011 program entitlement and transaction documents, one of the exhibited to the dda was the housing plan, which set out the framework for the development of the affordable housing on the island. under the housi