. >> commissioner mondejar, yes, commissioner -- bustos, madam chair rosales. >> on item b, any questions or comments? >> none. >> would someone like to move the item. >> i move the item. >> commissioner bustos and mr. singh. city clerk: commissioner mondejar, singh, bustos, madam chair rosales. the next item is item 5c confirming subject to approval by the department of finance the issuance and sale of success or agency to redevelopment agency of the city and county of san francisco taxable and tax empty refunding tax allocation bonds in a combined aggregate principal amount not to exceed $300,000. >> commissioners, you have taken a serious of -- series of steps relating to bonds given to current market conditions to help us reduce our debt and will certainly help us and help the city over all. this is the final step in your actions. i'm pleased also to report that the state department of finance has approved this refunding already so it's no longer subject to the department of finance approval. with that, i would like to ask john diegos senior financial analyst to walk over the actions

commissioner mondejar, commissioner singh, absent, commissioner bustos, madam chair rosales. there votes and one absent. >> let's call the next item. >> at this point you will be reassessing recessing as the financing authority. >> at this time the commission on community investment and infrastructure will take a recess and no one needs to leave the room or yes? >> our outside bond council will serve as your council for the financing authority action. >> very good. at that point we switch agendas. at this point we start the meeting for the financing authority. i understand completely. thank you. i open it up. >> madam chair, just for the record, the recess you called at 132 p.m..:32 p.m.. >> okay. bear with me for a minute so i understand what i'm doing. this is the meeting of the financing redevelopment authority. we are convening the meeting at 134 :34 p.m. on december 2, 2014. please call the roll, madam secretary. >> city clerk: commissioner mondejar, commissioner singh, ab sent, commissioner bustos, chair rosales. there are no reportable actions. the next order of busine

city clerk: commissioner mondejar, commissioner singh, madam chair, rosales. three votes and one absent. >> the next item 5f authorizing the director to enter a memorandum of understanding for department of public works force use of $5,000 for soma alleyway improvements for schedule item 384 subject to oversight board upon approving resolution no. 99, 2014. madam director? >> thank you, madam secretary. commissioners, with respect to this item you have in essence come in full circle, these are tax exempt unexpended bond proceeds they were not part of the refund that you just approved in the recent action. we were unable to complete the program in the south of market which entailed not only making physical improvements along 5th street and alley ways, we were the lead in that respect, the former agency was in this former commission, but due to dissolution we were unable to complete a number of those improvements and unfortunately a number of years ago the city stepped in to pick up the work south of market and now we have completed a number of hurdles and steps