. >> good afternoon, directors, matthew brill in capital finance at mta and thank you for hearing this item today. so as you have seen before you, you have seen these problemings before, it's tough to get around san francisco. it can be stressful. muni can be crowded. and streets can be difficult to navigate, no matter what mode of transportation you are taking. as you have seen before, the mayor's task force in 2013 convened a group of 45 shake holders to look at the system in san francisco, look at the needs over the next 15 years and look at solutions to address those needs. recently on may 5 2014 the capital planning committee recommended the general obligation bond for the november 2014 ballot and as director reiskin mention on may 13th all members of the board and the mayor also recommended the bond for the ballot. so just to recap where it came from, the task force looked at all of the needs in san francisco over the next 15 years, looking at some of the existing plans, strategies and obligations that we have for our transportation system. that totaled over $10 billion over the