>> then we would look at the tifia loan, well the residual of the tifia. >> the excess? >> assume ing we pay the bridge loan off in a year; the tifia. >> and we'll know that in time? >> yes, with formation complete and land scales moving on schedule, we'll be able to draw-down on the tifia loan at the end of 2015. we'll then this have the tifia payment and residual and i apologize that is my cell phone that i did not turn off or turn down. >> great choice of music. [laughter ] >> they were really scrambling. [laughter ] [laughter ] >> director lee and then director harper. >> actually saw scott pull

>> then we would look at the tifia loan, well the residual of the tifia. >> the excess? >> assume ing we pay the bridge loan off in a year; the tifia. >> and we'll know that in time? >> yes, with formation complete and land scales moving on schedule, we'll be able to draw-down on the tifia loan at the end of 2015. we'll then this have the tifia payment and residual and i apologize that is my cell phone that i did not turn off or turn down. >> great choice of music. [laughter ] >> they were really scrambling. [laughter ] [laughter ] >> director lee and then director harper. >> actually saw scott pull something out of your purse. [laughter ] >> i don't know -- i just wanted to -- it's not really a question, but it's really quite impressive. i know i started here just towards the tail-end of the year, but just really wanted to say thank you to the board that is here and the staff for an amazing amount of quality work. then i also just wanted to comment that i am going brag a little bit. it was a really big deal for us to get board certification on our electrification project

we we executed two tifia loan amendments and as maria mentioned we're targeting next week for the close of the bridge loan. moving forward into 2015, we'll continue to seek discretionary funding d.o.t., fema, any other opportunities that present themselves, including the state of california, with the cap and trade funds and other funds that may be available. we will continue to work towards the formation of the community business district, which will provide maintenance and operation funds for the rooftop park and we'll continue to seek full funding for phase 2 and considering the delivery methoded for methods for that project. with that, i will hand it over to scott. >> hi, good afternoon, directors. we had good outcomes with our community outreich this year and i will give some specificks in a moment. just to start, we of course continued all of our regular ongoing outreach activities. we have monthly community meetings that we held at tjpa the third wednesday at every month at noon in our large conference room. we continue with our ten-day construction outlooks that we send out to ne

we we executed two tifia loan amendments and as maria mentioned we're targeting next