Thanks to various friends-of-StR, here are the choice bits:

That last quote is the money quote. While David Stern had previously stated that Sacramento deserved an opportunity, the league was under no obligation to allow Mayor Johnson to present. It's a big step for that presentation opportunity to already be approved. Johnson has remained very quiet about what he has planned, but given his history of success with the Board of Governors, there's definite reason for some measure of optimism after this.