the fourth block to be transferred for development pursuant to the cooperation agreement between the city oci, tjpa to facilitate the funding of the transbay terminal. the other blocks transfered to-date include blocks 6,7 and 11, including a number of affordable housing units. ocii has entered into disposition and development agreement with the developer of block 9 which provides for the sale of the parcel to the developer. the block 9 development team, which were competitively selected in 2012. the board's approval of today's disposition under the state community redevelopment law is the final step before closing the land sale transaction for the week of february 9th. the sale proceeds of the property will go to the transbay joint powers authority for the purpose of funding the building of transbay transit center and we have ocii to present a brief overview of the project. >> good afternoon, supervisors, president breed. i'm pam sims a development specialist in the office of community investment and infrastructure, which is the successor agency to the redevelopment agency. pursuant to the p