Today, I signing into law resolutions that will allow our Redevelopment Agency to sell $109 million in tax allocation bonds next week specifically for projects in Downtown San Diego. These are the first public bonds since the City will sell since our rating was suspended by one of the rating firms in September of 2004. This is an incredibly positive development. I want San Diegans to know that important projects in their city are being carried out. And that even more critical infrastructure will be funded once the City can re-access the public credit markets toward the end of this year. These bond proceeds will generate funding for a long list of critical infrastructure and community enhancement projects throughout Downtown San Diego, including: the acquisition of park lands, low and moderate income housing and improvements to the C Street corridor. I note with interest that these bonds -- which are backed by bond insurance and rely on a historically solid and growing tax increment stream -- obtained the highest rating possible from all three bond rating agencies. The Agency’s success in attracting underwriters and insurers to these bonds is a clear sign that downtown continues to be a strong financial engine for the City. The City of San Diego plans to re-access the public credit markets at the end of this year following the conclusion of several investigations and the release of audits from past years. Access to public capital will be vital to the City’s needs to make long-awaited improvements to its roads, water and wastewater systems, among other critical infrastructure. I have attached a fact sheet regarding this bond sale. http://www.sandiego.gov/mayor/pdf/ccdc_bondfactsheet_6_2.pdf Thanks.