Meeting. So moved. Second. All in favor . Item 3, pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised thatd ringing of and use of cell phones, pagers and similar soundproducing devices are prohibited at this meeting. Please be advised the chair may order the removal from the meeting room of any person responsible for the ringing of or use of a cell phone, pager or other similar soundproducing advice. Please be advised a member of the public has up to 3 minutes. Item 5, items be listed on the agenda. Item 6a, executive directors report. Good afternoon, commissioners, port staff and our two member s of the public that have joined us three, sorry, thank you for coming. You can always tell when were doing our financials by the incredible turn out that we have of the public. Having said that, i do have a very short executive direct
Order the removal from the meeting room of any person responsible for the ringing of or use of a cell phone, pager or other similar soundproducing advice. Please be advised a member of the public has up to 3 minutes. Item 5, items be listed on the agenda. Item 6a, executive directors report. Good afternoon, commissioners, port staff and our two member s of the public that have joined us three, sorry, thank you for coming. You can always tell when were doing our financials by the incredible turn out that we have of the public. Having said that, i do have a very short executive directors report and then i want to mention a new section of our agenda called the commissioners report. First is that the on february 13th, which is this thursday, we will be welcoming the maiden call of the asmara club west. This will be her first call to the port of San Francisco and she will be arriving february 13 and staying for two nights so she and her guests will be here for valentines day, what a terrifi
That we have seen continued growth in our real estate revenues and its also the policy of this commission to require market Rate Adjustments in our lease terms that have really helped to grow this revenue stream. Also as the city begins to recover were seeing enhanced performance in our real estate revenues. We also experienced strong growth in maritime revenues and really the two business lines that have shown the most growth are ship repair and cruise and both come from Strategic Investments from this commission. Cruise revenues, as you know, were making a strategic investment in the pier 27 cruise terminal and in past years its come from increased ship calls and passenger volume and we expect this trend to continue. Dredging and investments to expand dry document capacity and shore power at pier 70 really yielded results in that business line. Since 2008 operating expenses have grown by 13. 2 million or an average rate of 3. 9 percent per year. And its really three areas that have d
Executive session. Second. Aye. Pledge of allegiance. Use of cellphone or pager or other electronic device. Please be advised that you have 3 minutes on any item. Youll item a a executive directors report. Good afternoon, commissioners, staff. Im sitting in for monique. Im Deputy Reynolds for real estate. Adams is away on business. Jim maloneey is attended the conference in china. Its the largest gathering of its kind in asia of carriers, importers, exporters that are involved with shipping cargo that bring into pierre 80. In an effort to develop new business or maintain our cargo business at the port. This trip will include a visit to beijing to visit customers. Staff michael are attended a ship conference in florida. This is an International Exhibition and conference serving the cruise industry. This trip includes meeting executives and planning trips to San Francisco and the James R Herman Cruise Terminal Development and pierre 70 and seek to grow our business relationships. The sec