commissioner makras? >> no questions. i'll be supporting it. >> vice president adams. >> commissioner woo ho said you heard about the debate heated debate. this is a prepreliminary of what's happening tonight in south carolina at the presidential debate. no, i'm good. i support it. >> thank you. david, thank you for the presentation. i don't think much has changed since the last presentation. but i just want to say how excited i am about this project. and the fact that it has almost a billion dollars in community benefits. i think that's phenomenal. so i, too, will support this. >> yes. >> all in favor? >> aye. >> any opposed? resolution 2012 has been approved. >> item number, new business. >> new business. we will be scheduling an informational to go over the capital budget of last year and our achievements, as well as open projects for discussion. is there any other new business? >> is there any other new business? any public comment on new business? >> motion to adjourn, madam president? >> all in favor? >> aye. >> we

commissioner makras. >> i believe that the appraisal is below the fair market value in a substantial way. the appraisal estimates this parcel valued at $9 million. i believe that is substantially below market. it is an error. i have referred out to our executive director and asked her to work with her team for this, and i am candidly surprised it is going forward, even though indication was that it would be continued for two weeks. i will be voting against the item. just so i am clear i believe this parcel is worth in the range of $28 million, not $9 million. i will leave it at that for face value. offline i will continue my discussions with the staff. >> i will let you know that i decided to move forward with the item because it was on the calendar. i felt if we had concerns we should get them out now. if the commission wants to continue we can do that. i want to hear everybody's thoughts on the item. >> i would like to ask staff a couple questions. >> this appraisal came in first. would you be kind enough to share is this $9 million appraisal just voluntarily given forward with ins