. >> michael galnick, chair of the committee that investigated the parkmerced development agreement. i want to start with a couple of overarching comments. the first would be to say, when you read this report, no where in the report does it say, do not develop. i cannot emphasize that enough. the report was written through the lens of a retired schoolteacher, social worker, two lawyers, a journalist, and a businessman. essentially, a nice cross cut of society. i think when you read this report, you will find the essence of it in one paragraph. at the end of the summary -- and i will read that. the development agreement takes steps to insure continuity of protection for tenants in rent- controlled units, but it is aspirational and inconclusive. only a future court can provide the didn't -- the definitive conclusion. meanwhile, tenants will live under a cloud of uncertainty, possibly for years. what makes that so important is we could debate all day long about the rights and wrongs of what has been pointed out in this report. the point is, until a court decides, it is all just talk, an