if i could ask either mike martin or jennifer matz, if you could give us a status update. supervisor chu: if we could get a better understanding of the commitments of the organizing commitment to the city in terms of the june 30, 2012 deadline. >> so to take the first set of questions -- supervisor chu, were you asking about the surety bond? so, take a step back. part of the idea was to protect the authority from the city's -- >> i'm sorry, the event authority or the city? >> the event authority. >> ok, but it's the city that would be out of pocket for $32 million, right? >> no, the bond protects the authority from the city's performance and the committee he is performance of its obligation. that protects the general fund. >> which protects the city. that's what my concern is. >> my apologies. the city's performance is a bit of a moving target because of the amendments you see today. i think once we've got then part of the conversation together we've been talking about different approaches to combining insurance products with other pieces of security that would get to the