vincent mccarley, c.e.o. director nolan: glad you're here. >> thanks for the opportunity. i want to talk about the bond process what will be involved is a number of professional that would be working with you. one of the key items to keep in mind is that the m.t.a. is the most important player of all. they're in a nukelyious of the transaction. and each of the professionals will be working on your behalf in terms of carrying the transaction forward. if you look at this diagram here, if you look to basically 7:00 there, you'll see the financial advisory which is the role that this team will be playing. also involved will be the underwriter, the entity, which will be selling the bonds to the marketed place, in the investors. other key characters that will be involved will be bond counsel. they will be basically providing opinions that the bonds meet the various tax requirements. also that the various authorities have been in place, and that you actually have legal authority to enter into the specific transaction. another key entity will be disclosure counsel. what's been in

. >> next to him would be with backstrom mccarley berry & company would be vincent mc carly and lastut not least, for ross financial, would be peter ross. this is our financial advisory team. as you know, we're moving to bond financing because it gives us more flexibility over what we need to be able to do as far as our capital projects right now. we have funding coming in, but sometimes it's only utilized in accordance with whatever the grantor states. we need to have more flexibility to fill some of the needs that we need right now. that's why we're moving on to this endeavor. without further ado, i would like to bring up mr. peter

. >> next to him would be with backstrom mccarley berry & company would be vincent mc carly and last but not least, for ross financial, would be peter ross. this is our financial advisory team. as you know, we're moving to bond financing because it gives us more flexibility over what we need to be able to do as far as our capital projects right now. we have funding coming in, but sometimes it's only utilized in accordance with whatever the grantor states. we need to have more flexibility to fill some of the needs that we need right now. that's why we're moving on to this endeavor. without further ado, i would like to bring up mr. peter shellen did burger so he can explain to you about the bnd financing. director nolan: good morning. >> good morning. i'm going to pick up on page 7 of the presentation. it looks like we've lost if -- it from the screen. we will serve as team lead. we will work closely with ross financial and backstrom mccarley to make sure that we first hear your direction and implement a program that allows you to access the market and deliver projects that are importa