That period would be determined by an appraisal process, subject to baseball arbitration, security deposits, but refundable in this case because theyre prepaying all of their rent obligations under the agreement. And Environmental Security including our standard 10,000 environmental oversight deposit and robust 6 million letter of credit, 5 of which could go away after construction is complete and environmental sampling data is submitted to water board. Installation of the cable along the bay floor does create some limitations on port use in this area. Its not an area weve dredged in the past. We spent a lot of time talking with Maritime Division about the depths of the bay, and they do not dredge in these areas so as part of this license we would be limited from penetrating the bay mud in the area of the cable project or permitting lateral crossings. In the area north of piers 30, 32, wed have to get pges permission to install piles along the pier to enable maritime uses. We do contem
So are we said yes so we said yes to were giving you the votes on something we dont like. Weve said we wont do motions to instruct. Please take yes for an answer. If you insist on being the party of no, then dont hide behind something and say who wont negotiate. We cooperated. We gave you what you wanted. And now here we are today. Republicans are offering yet another motion to keep government shut down. Some people call it in the press the supercommittee, others call it the ted cruz committee. Whatever you call it, id like to know who writes this stuff, this is so ridiculous a proposal, so ridiculous a proposal. How about we go to the budget table and see how we can reduce the deficit, produce growth for our country . But all were going to do is cut our investments in education and investments in making the future better. Were going to make seniors suffer more while we do not touch revenue. And we will not allow any discussion of closing special interest loopholes. Thats how they want
Away after construction is complete and environmental sampling data is submitted to water board. Installation of the cable along the bay floor does create some limitations on port use in this area. Its not an area weve dredged in the past. We spent a lot of time talking with Maritime Division about the depths of the bay, and they do not dredge in these areas so as part of this license we would be limited from penetrating the bay mud in the area of the cable project or permitting lateral crossings. In the area north of piers 30, 32, wed have to get pges permission to install piles along the pier to enable maritime uses. We do contemplate in the license agreement situations where the city and port would have to construct a major project and [inaudible] removal or relocation of the [inaudible] 1 line, but only after we jointly look at whether theres a way to design the citys project in a way that could avoid that relocation. And then im going to go into a little bit more detail, condition
The big mark up on the agoly cull so the relative value to the base Facility Condition is pretty large, thats the 60 increase. 35, the conditions a little bit better, the view isnt as good. That concludes the specific questions that were asked two weeks ago, butre available to answer any further questions you might have. So moved. Second. Okay. Are there any Public Comment . No Public Comment . Commissioners comments . Yeah, i just had a question. I mean, i understand that we dont give outright what you would call as tenant improvements, but we often obviously give out rent credit and, which is in a way, recognizing that since theyre putting improvements in, were putting in credit. What is the formula that we think of when we decide to give a rent credit, which in essence is recognizing the fact theyre putting in the tenant improvement . How do we calculate that . Is it e kwif lent to how do it may not even be 100 but what is the formula we think about when we do this . Well, for most
Water board. Installation of the cable along the bay floor does create some limitations on port use in this area. Its not an area weve dredged in the past. We spent a lot of time talking with Maritime Division about the depths of the bay, and they do not dredge in these areas so as part of this license we would be limited from penetrating the bay mud in the area of the cable project or permitting lateral crossings. In the area north of piers 30, 32, wed have to get pges permission to install piles along the pier to enable maritime uses. We do contemplate in the license agreement situations where the city and port would have to construct a major project and [inaudible] removal or relocation of the [inaudible] 1 line, but only after we jointly look at whether theres a way to design the citys project in a way that could avoid that relocation. And then im going to go into a little bit more detail, condition of the liensz is that they actually screen or enclose theotrero based on pges benef