the city will be establishing a transit center district plan community financing district, the melaruse, and continue to coordinate with high speed rail and caltrans. that is in 2013. on the real estate front we'll have escrow completed by april 1 on the transbay tower, block 6,7, 8 and 9 that i mentioned earlier we expect to receive payment through the successor agency. we'll complete assembly for block 5 and issue block 5 rfp. :we'll put a history book together online for the public to know about or learn about the old termainle just an agreement we have with them to make sure that we catalog and preserve the history of the old structure. we anticipate to award the following contracts on the superstructure steel in april. the rooftop in june, the glazing design build in august and the super structure concrete in september. i would like to have sarah come up and give an update to the board. >> good morning directors. sarah gillati. as you can see in this slide, this is to-date, our dbe and sbe awarded and paid. the $141 multiple awarded to dbes and sbes represents approximately 18% of

the details are included in the draft rtp and the transit center district plan was enacted, which is going to be a source of melaruse funding and developer fees for the project. we also had our real estate consultant and the concord group conduct a study to demonstrate the benefits to adjacent propertis from the project. and the study found that the project will add about $3. 7 billion in value to the real estate development within a three quarter mile radius around the transit center. this slideshows just the detail of the new source funding plan that is currently in the draft rtp and that would be approved later on this year in 2013. and in 2013, we currently have pending grant applications totaling $60 million. the security ibonds are state security funds that ac transit is allocating to us that we're using for security aspects of the design. later in the agenda we'll be asking you to approve an ipr or another allocation of mtc bridge tolls for the structural steel package and we have passed the first-round and in the second round of the one bay area grant program for $10 million application for a pedestrian and