pat gallagher, who was president of the convention. representing the bay area council and introducing the team to various people there. i'm going to close by saying that we're working very hard at this. none of us are on salary. this is pure love of the event and spirit of san francisco, and i just want to give everybody that sense that this is an enormous undertaking with the right skill set to do it. thank you very much. commissioner fong: thank you. [applause] thank you for giving us the overview and history to date. the task at hand in front of the port commission is essentially to take the host city and a new agreement that the three parties, the city and port, entity have negotiated the ground rules for how san francisco will bit and hopefully succeed in attracting the america's cup. the ground rules that have been proposed to date, really to solidify some things to put together a bid that will -- that we can be proud of in the city. with that, i'm going to dive into the host city agreement and talk about the venues and land uses