the president of the uptown parking corp. just got out of a hospital over the weekend. he wanted to be your to express his intent but could not be here because of his health. secretary boomer: [reading names] chairman nolan: good afternoon. >> chairman, board of directors. my name is -- i am the manager of the uptown corp., with the oversight and management of the parking garages and plaza. i have actually been working in the parking industry for about 25 years, spending the last 20 years managing non-profit corporations for two of the non- profit corporations, including the uptown corporation. i am interested, warts, or come before this board, the parking authority, department of traffic, working closely with the comptroller's office, in the various oversight of these properties. i feel i a also been very fortunate to work under the guidance of the nonprofit board of directors, who in my mind really has the best interest of the community for which these barrages served and for the best interest of the city. i learned early on in the parking industry that parking is not

the parking corp., the japan center parking corp., the uptown parking corp., for a read of $1 per least with options to extend for each lease. item 15 authorizes the commission of a bond oversight committee to oversee the proceeds for projects funded by the as 78 -- for the sfmta. you have one matter to be addressed by one member of the public. chairman nolan: we have had this last time around at length. did you want to say something? >> we need to have a presentation. it will only take 10 minutes. i would like to have a presentation on the record. the disclosure of counsel. to make the presentation. n -- chairman nolan: ok, do it now. >> i am with a law firm. your disclosure council in conjunction with the issue. our role as disclosure council is to assist the sfmta and preparing what is offered to investors. my talk here is just to introduce you to an official statement and to just give you a little background about what it is for and what is in your disclosure document. the official statement for a bond issue is like the prospectus for registered securities offering. the purpose is t