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But discounted by 50 percent because its submerged property and not worth as much and calculate the prepaid rent of 15 million. So thats a nice rented payment to the port. For the 26 year option period there would be a new appraisal process recommended by the budget analysis. Getting back to the hoe down yards. The ports only goal with the hoe down is the use and in complication with the other city departments. We saw an opportunity to change the use through the rezoning effort and maybe generate some net land precedes that could be used. The port is getting a healthy rent and actually, the department of real estate will have a transferable option either for the city or to transfer to a private developer. To build whatever residential port commercial use on the site. We have a fixed industrial land value thats set by the process of 8. 3 million thats the purpose of pg e pg e will have to find another place to conduct the operations. And weve done this revised this slide shows on estima

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