would like to move that we defer this item to a future date. [inaudible] you need to come to the podium to speak. please, we would love to hear your comments. i just want to point out that we are not talking about five years. we are talking about the three remaining years. we are locked in, as you put it, for the next three years, not five. i wish i could say everyone s revenue was going up significantly, which would have made it significant. this is our second concession. we did have a long period of time where rates went up dramatically, and as you point out, we were foreclosed from participating on that. we renegotiated a new lease and this is the second time we have been asked to provide relief. so both parties have been wrong in history. but the issue still remains, the withdrawal of this motion to deal with the issues that came up today. continuance. correct. i would like to move that we continue this item and respect request staff come back to us
police. it is a rental for office space, shared space. right now, the rental rate is quite high. we do not think in the next five years that we are going to go beyond that. without the increases, it would still be all right. given the comments that we heard earlier, in light of the issues surrounding the america s cup, unless there is some reason we need to vote on this today, i would like to move that we defer this item to a future date. [inaudible] you need to come to the podium to speak. please, we would love to hear your comments. i just want to point out that we are not talking about five years. we are talking about the three remaining years. we are locked in, as you put it, for the next three years, not five. i wish i could say everyone s revenue was going up significantly, which would have made it significant. this is our second concession. we did have a long period of time where rates went up dramatically, and as you point out, we were foreclosed from
[inaudible] you need to come to the podium to speak. please, we would love to hear your comments. i just want to point out that we are not talking about five years. we are talking about the three remaining years. we are locked in, as you put it, for the next three years, not five. i wish i could say everyone s revenue was going up significantly, which would have made it significant. this is our second concession. we did have a long period of time where rates went up dramatically, and as you point out, we were foreclosed from participating on that. we renegotiated a new lease and this is the second time we have been asked to provide relief. so both parties have been wrong in history. but the issue still remains, the withdrawal of this motion to deal with the issues that came up today. continuance. correct. i would like to move that we continue this item and respect request staff come back to us with recommendations regarding the america s cup. ok, so wi
we are not talking about five years. we are talking about the three remaining years. we are locked in, as you put it, for the next three years, not five. i wish i could say everyone s revenue was going up significantly, which would have made it significant. this is our second concession. we did have a long period of time where rates went up dramatically, and as you point out, we were foreclosed from participating on that. we renegotiated a new lease and this is the second time we have been asked to provide relief. so both parties have been wrong in history. but the issue still remains, the withdrawal of this motion to deal with the issues that came up today. continuance. correct. i would like to move that we continue this item and respect request staff come back to us with recommendations regarding the america s cup. ok, so withdrawn. second? all in favor? aye. any proposed? any opposed? i just ask that this is brought back to us and staff does further wor
surrounding the america s cup, unless there is some reason we need to vote on this today, i would like to move that we defer this item to a future date. [inaudible] you need to come to the podium to speak. please, we would love to hear your comments. i just want to point out that we are not talking about five years. we are talking about the three remaining years. we are locked in, as you put it, for the next three years, not five. i wish i could say everyone s revenue was going up significantly, which would have made it significant. this is our second concession. we did have a long period of time where rates went up dramatically, and as you point out, we were foreclosed from participating on that. we renegotiated a new lease and this is the second time we have been asked to provide relief. so both parties have been wrong in history. but the issue still remains, the withdrawal of this motion to deal with the issues that came up today. continuance. correct.