please welcome fta administrator peter rogof. [applause] >> well thank you mayor lee and let me just say as the federal transit administrator it's great to be in a federal transit city. as many people know a rail connection was promised to the people of union square and chinatown going on two decades. they made that promise because this quarter is the most densely populated quarter in the entire western united states that doesn't have an adequate rail connection and that promise was made because we have the opportunity here to cut the commute for tens of thousands of people everyday in half by this investment. the vast majority of the people don't own a car. they depend on transit. well today through president obama's leadership, secretary lahood leadership, the vision of the leaders on the stage we are here to commit $942 million to fulfill that promise. [applause] >> with the signing of this grant agreement we are taking $942 million paid by california taxpayers and to create jobs now when we need them. we're also using those d