. >> thank you and the presentation is from adam vera from planning, but we also have nadia esse >> i'm here to talk about the transbay district. today's hearing beginning the process for the third and final legislative action required for the formation of this district. as you recall, the transbay and new projects, new develop. projects that come forward within that district will be required as part of their conditions of entitlement to join the district and this would be a special tax on new development. so the actions that you have previously heard include resolving to form the district and calling for a special election. that was at your september 23rd hearing. today's resolutions before you are resolution authorizing the issuance of special tax bonds and an ordinance ordering the levy of special taxes. these would go before the full board in january after the election of the property owner which is set to take place later this month and then these actions would be considered by the full board in january for final adoption. so that's my presentation and i and others are here for que

. >> thank you and the presentation is from adam vera from planning, but we also have nadia esse >> i'm here to talk about the transbay district. today's hearing beginning the process for the third and final legislative action required for the formation of this district. as you recall, the transbay and new projects,