mr. updike is here to present. >> mr. updike. >> i'm sorry mr. updike. to the file papers are presented to you, there is the presentation and the slides for this. >> i do not know we had a slide. i'm sorry. >> happy to be here john update director of real estate i come with a locate presentation for you today on this financing matter that involves property under the department of public health jurisdiction. so, as the resolution and accompanying men oh outlined, this is involving the bridge financing that the city desires to provide to the transbay terminal to facilitate the continued construction and to completion of the facility currently under construction. the bridge financing amount is split between two third-party trustees. one wells fargo, and that's the subject of the discussion here with you all my and then the other metropolitan transportation commission that is more straightforward. the aspect of a fencing where in the project is actually the pledge or the leverage, if you will. the train box is has a certain value to it and so that is suffici

mr. updike is here to present. >> mr. updike. >> i'm sorry mr. updike. to the file papers are presented to you, there is the presentation and the slides for this. >> i do not know we had a slide. i'm sorry. >> happy to be here john update director of real estate i come with a locate presentation for you today on this financing matter that involves property under the department of public health jurisdiction. so, as the resolution and accompanying men oh outlined, this is involving the bridge financing that the city desires to provide to the transbay terminal to facilitate the continued construction and to completion of the facility currently under construction. the bridge financing amount is split between two third-party trustees. one wells fargo, and that's the subject of the discussion here with you all my and then the other metropolitan transportation commission that is more straightforward. the aspect of a fencing where in the project is actually the pledge or the leverage, if you will. the train box is has a certain value to it and so that is suffici