Annual rent would be established by a formula in the term sheet and based on industrial up land land. We are projecting that value is between 50 a square foot and 75 a square foot. And that would generate 583,000 rent to the port and on the high end 872,000 to the port which would be indexed there after. One of the major Public Benefits we sought in this negotiation with at t is port option to buy the ho down yard and near the pier 70 site. Its adjacent to the pier 70 site. Using this appraisal depending whether its on the low or high end our option to buy it would be 6. 5 million on the low end and 8. Nine on the high end. There is a comparison to the term sheet and negotiation agreement that we often super for agreements like this and under that agreement at t would reimburse the city for port staff and City Attorney costs. This is the ho down yard. Its the two parcels on the top left of the screen is separated by michigan street and on port property. On the left side of the parcels
Of transmission lines that come up from the peninsula through the po tearo power plant and connect to the embarcadero substation that provide power to downtown. At t has proposed a new 230kv transmission line to provide redundant transmission line to the embarcadero sub station. At t and port staff have collectively communicated with the mayors office, the San Francisco Public Utilities commission and the city administrator about the project. The city administrator was charged by then city administrator ed lee to look at these types of risks to the city in the event of a major seismic event and how we protect against them and weighed in favor of the project. At t is looking at a number of proposed route s. One proposed route if approved by the california Public Utilities commission would involve submerged port property. This is a map showing the potential routes between portero substation and embarcadero substation. You see the submerged route in blue and enter the bay north of pier 30
Owner should choose the color. I actually have a comment i dont like the dark gray id be fine with the light gray its visual from the street. Okay light gray laughter . For staff recommendation whichever. Do we have a second. Commissioners theres a moved and seconded to approve the light gray option or the original staff recommendation. On that motion commissioner hyland. Commissioner johnck. Commissioner johns. Commissioner matsuda. Commissioner pearlman. Commissioner wolfram and president hasz. So moved, commissioners, that motion passes unanimously 7 to zero and places you on item 11 for case 1115 pardon me i need a recustodials. I make a motion for a recustodials. You can recuse yourself. Item 11 the Union Iron Works i believe theres a requester inform a recall i make a motion to recuse commissioner hyland. Commissioner hyland. Commissioner johnck. Commissioner johns. Commissioner pearlman. Commissioner wolfram and a president hasz so moved, commissioners, that motion passes commis
Noncontributing resources this includes the cranes and segments of the rails and this is for the criteria a and criteria c. Under criteria a that the nationally significant for the steel house shipbuilding in the United States and its shipbuilding and its wartime vessels. Under the criteria c its local significant and the physical record of the trend and architecture. It began in 1884 about the construction of the shipyard and that ends at the close of world war two. It was the end of the construction on world war two. 0 as an Industry Leader from the spanish american war the union iron Historic District is associated with the American Shipbuilding industries. The department argz usa agrees for its architecture and design it illuminates design specifically shipyard architecture. It got a revision and it revise the boundary to include the richest hill from the 901. The revisions to the boundary occurred on packages 146 and 47 and on a b d and 17 and 18. Youve been provided copies of all
Under criteria a that the nationally significant for the steel house shipbuilding in the United States and its shipbuilding and its wartime vessels. Under the criteria c its local significant and the physical record of the trend and architecture. It began in 1884 about the construction of the shipyard and that ends at the close of world war two. It was the end of the construction on world war two. 0 as an Industry Leader from the spanish american war the union iron Historic District is associated with the American Shipbuilding industries. The department argz usa agrees for its architecture and design it illuminates design specifically shipyard architecture. It got a revision and it revise the boundary to include the richest hill from the 901. The revisions to the boundary occurred on packages 146 and 47 and on a b d and 17 and 18. Youve been provided copies of all the revised packages and asks for comments from the commissions. And in conclusion as commissioners asked to over an opinio