That is a look at what we will be covering this upcoming week. For more go to booktv. Org and visit upcoming program. Nathan mccall talked about his book, makes me wanna holler a young black man in America Great he talked about his time and childhood in virginia and his time in rehab. This is about one hour. Allmak cspan author that his joining us today, nathan mccall, thean title is makes me wanna holler a young black man in america. Y where did you get the title . Guest i got the title fromlbum c an old gates alvin they came out in 1971. It is a classic and there was ainne song called inner city blues. Oll a and it says in the song that it makes me want to holler andne in a brought throw up my hands. And so i use that line in a piece i wrote for thepost Washington Post. T on. So it sort of caught on. Li . Cspan what was the purpose of the line . Guest the line was talkinged about the span itself. It talked about the time and thetrife,an d social strife and some of the to same issues
Going the way they had planned or projected, [speaker not understood] they want an opportunity to help out. When the fifth amendment to the current lease was entered into in 2007, bae was not given the option to be able to [speaker not understood] not until january this year. So, that was a six and a quarter year from when that provision was provided. So, were carrying forward the same term into the new lease because the new lease is going to be for 20 years. So, we are including an option, new yearly termination until 12 years into the new lease. Here are the proposed key terms of the new lease. The initial term is going to be for 20 years. With a probation for two fiveyear extensions. So, if they do exercise the two extension optionses, we will be looking at a total of 30year lease. The base rent now is being increased by 14 to 1,200,000 in 2015 as a way to enter the lease by the edv of this year. ~ end [speaker not understood] that makes a comparison between the existing lease, rent
Upgrade and what it will look like for the entrance in San Francisco . And we would love to have a chance to take a look at that. I dont know what the neighborhood that you are located in san diego is like, what the neighborhood is like. We know here what we are hoping to see and how everything fits in nicely together. Right. Okay, thank you, commissioner. Appreciate the opportunity. What i am expecting and anticipating as we redraft a master plan considering the location were in and the change in configuration, the yard, i expect to go to a turnstile kind of entrance like you saw there and not and open up in the back of the yard where the triangle lot is a turnstile Employee Entrance there as well so there will be less traffic that goes right through the front of the shipyard near crane cove park. People would drive down 20th, come into the back lot and employ ease would enter that way. ~ employees would enter that way. I think with that entry, with the front gate there, a Personnel O
Could we be more specific on your marketing, marketing plan, how you market it in order to so that we can benefit from the gross receipts . Sure. Well, we do have you know, i have locally a Business Development person who work with me and works directly with clients seeking out opportunities. We also watch of course, all the state and federal opportunities are posted and so we watch for those when they come out. We work with our clients to find out what their upcoming repair need and what they might be looking for. We have a fairly good handle on who the market is or who the ship owners are. So, we seek them out and try to make connections and make sure that we are placed in the best light for opportunities that come up. Thank you. I have one question for peter. On the Liability Insurance you have 5 million in there. Isnt that low for something of this magnitude . Actually i think its more than 5 million. All the the city has a risk manager and all of our Liability Insurance requiremen
Of Gross Revenue in the table and the staff report, you will see an indication that the base rent, the net rent to the port are the same under the current lease and the new lease. However, [speaker not understood] a higher minimum base rent to the port over the term of the lease. Where i indicated earlier, there is going to be a new yearly termination of the lease by the tenant. We want the tenant to be able to stay there for a minimum of ten years. At the edv of that ten years they have to provide the twoyear notice to terminate so that will give port the opportunity to issue an offering or look for tenant to take over the shipyard. As indicated before, there will be repair and maintenance to be enforced. Rent credit is being provided. There is an additional rent credit of 3 million to the existing 1. 2. All this is provided in details in the staff report. [speaker not understood] to allow for the redevelopment of pier 70. I believe the first portion that we will be taking back will b