[speaker not understood]. Just very briefly, we touched on Climate Change and Sea Level Rise and thats probably a much bigger question than we have time for today, but its impact on operation there and how it states here in our report that there are provisions that reference the impact of Sea Level Rise, but im not sure we have anything more specific, or is that just general statement . Its somewhat general, to be honest with you, but its something that we look at in every deal we do per the commissions direction. Without you know, the beauty of the facility here is with the dry docks, [speaker not understood] is not an issue. For the land side it is an issue. I think that in terms of [speaker not understood] bae having essentially 20 to 30year lease, theyre going to have to take steps to protect their assets and our assets from possible Sea Level Rise and tomorrow conditions. The beauty of pier 70, pier 66, the area is relatively out of the weather in term of heavy swells. Thats one t
Thank you, amy, and good afternoon, president katz, fellow commissioner. My name is phil williamson, senior project manager of the Port Development group. Here this afternoon before you with an e a amendment which i will in a little bit of detail and will be available afterwards to answer questions for you along with other members of our project team. Since executing a twophase exclusive negotiation agreement in september of 2010 for the development of seawall lot 337, also known as parking lot a and adjacent pier 48, [speaker not understood] llc, the port and the city staff have negotiated a nonbinding term sheet with pro poed financial term for the lease and development of the site. Last year along with the board the supervisor [speaker not understood] unanimously endorsed the term sheet which included phase 1 as the e a. A described in the term sheet, the port and developer have proposed a mixed use neighborhood for seawall lot 337 with appropriate height and density to create a vib
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