i am rosana russell, real estate services. it's my great pleasure to ask your approval to purchase a 4.6 acre property in 330 new hall street in san francisco for $15 million. the seller is third and evans, l.l.c. this is a correction from the agenda. the property is improved with two building built in 1978 and a large parking lot. the two buildings have two street addresses. the first is 1550 evans. a two story steel frame office building with 31535 square feet. the second is at 330 new hall street and contains approximately 15,000 square feet of space. it has a large parking lot, which would allow parking for approximately 200 vehicles. the property is located in the bay view district of san francisco and a five minute walk from our water pollution control plant. i will show you a map. we had the property appraised in march of this year. has a fair market value of $16 million. the city and county of san francisco's real estate division approved this. it was approved in 2012-2013 capital budget. this is a correction on the or