mr. kitahada regrets he was unable to attend today due to a scheduling conflict.fm with the assistance of kitahada will perform all advisory services customary to the role of a financial advisor in proposed dissolution of a [speaker not understood] and both will be compensated solely from bond proceeds contingent on the transaction. next steps, we have already issued an rfp for bond counsel and disclosure counsel services and proposals are currently being evaluated. we'll be returning to commission with recommendations in early july. [speaker not understood] will participate with ocii and the controller's office for underwriter proposing bonds. fiscal consultant will be selected. we will then come back to commission for the approval of these solution and of the basic bond documents. next we'll move on to the oversight board and department of finance for their approval. details of the schedule will be worked out in the next week or so. and this concludes my presentation. >> thank you very much. is there any public comment on this item? >> i have no speaker cards, m