william willcox the bond program manager with mayor office of housing and community development.here to present on items 4 and 5. these items relate to resolution for proposed bond issuance for two projects. >> mr. willcox, before you go on can i have the clerk read item 5 and we can hear them together and then you can speak to both of them? >> that would be great. thank you. >> can you please read item 5. >> item 5, also resolution declaring intent of city and county to reemburse expenditures from proceeds principal amount not to exceed 32.5 $32.5 million authorize the office of housing is squl uncommunity development to submit related documents to permit issuance of residential bonds in principal amount not to exceed $32.5 million for 98 franklin street and authorize the director to direct the controller office to hold in trust not to exceed hundred thousand in like procedures and authorize the same as item 4. madam chair. >> thank you so much. please continue mr. willcox. >> thank you chair ronen. so, (inaudible) 11 innes court hunters point ship yard block 56 and 98 franklin

william willcox the bond program manager with mayor office of housing and community development.here to present on items 4 and 5. these items relate to resolution for proposed bond issuance for two projects. >> mr. willcox, before you go on can i have the clerk read item 5 and we can hear them together and then you can speak to both of them? >> that would be great. thank you. >> can you please read item 5. >> item 5, also resolution declaring intent of city and county to reemburse expenditures from proceeds principal amount not to exceed 32.5 $32.5 million authorize the office of housing is squl uncommunity development to submit related documents to permit issuance of residential bonds in principal amount not to exceed $32.5 million for 98 franklin street and authorize the director to direct the controller office to hold in trust not to exceed hundred thousand in like procedures and authorize the same as item 4. madam chair. >> thank you so much. please continue mr. willcox. >> thank you chair ronen. so, (inaudible) 11 innes court hunters point ship yard block 56 and 98 franklin