Couple of issues with respect to the [speaker not understood] in term of recouping the [speaker not understood] that the port made into it. Currently we are charging there is a surcharge of 4 cents per square foot that bae is supposed to [speaker not understood] through sfpuc to pass through to the port within the utilization of the [speaker not understood] system is not optimum so we are looking for an opportunity to enhance that so that the city so that the port could recoup reinvest. There is also an existing rent credit that was provided in the port princess crude and bae into an agreement whereby princess cruise said an Improvement Needed to be made to the drydock to service the ship when it come into San Francisco. Part of that deal was princess providing [speaker not understood] to bae and the improvement at that time was submitted to be between 5 to 6 million to which bae said, you know, the drydock is equipment that will need some assistance. So, the port provided a represent
Of Gross Revenue in the table and the staff report, you will see an indication that the base rent, the net rent to the port are the same under the current lease and the new lease. However, [speaker not understood] a higher minimum base rent to the port over the term of the lease. Where i indicated earlier, there is going to be a new yearly termination of the lease by the tenant. We want the tenant to be able to stay there for a minimum of ten years. At the edv of that ten years they have to provide the twoyear notice to terminate so that will give port the opportunity to issue an offering or look for tenant to take over the shipyard. As indicated before, there will be repair and maintenance to be enforced. Rent credit is being provided. There is an additional rent credit of 3 million to the existing 1. 2. All this is provided in details in the staff report. [speaker not understood] to allow for the redevelopment of pier 70. I believe the first portion that we will be taking back will b
Tenants often require in the lease to say if things are not going the way they had planned or projected, [speaker not understood] they want an opportunity to help out. When the fifth amendment to the current lease was entered into in 2007, bae was not given the option to be able to [speaker not understood] not until january this year. So, that was a six and a quarter year from when that provision was provided. So were carrying forward the same term into the new lease because the new lease is going to be for 20 years. So, we are including an option, new yearly termination until 12 years into the new lease. Here are the proposed key terms of the new lease. The initial term is going to be for 20 years. With a probation for two fiveyear extensions. So, if they do exercise the two extension optionses, we will be looking at a total of 30year lease. The base rent now is being increased by 14 to 1,200,000 in 2015 as a way to enter the lease by the edv of this year. ~ end [speaker not understoo
It, that train in the station blocked the other train from getting out of that smoky tunnel. 1 big question, was there even an operator on board that train on the platform or did he evacuate, too . At Lenfant Plaza bruce leshan, wusa9. Just yesterday the d. C. Medical examiner ruled the lone victim in the metro tragedy carol glover died from smoke inhalation. The father of Montgomery County toddlers murdered in an exorcism erupted in a courtroom. One of the suspects was convicted but not criminally responsible for her role in the killings. The content of the testimony is disturbing and graphic. Andrea mccarren was there for the emotional proceeding. He fought the both of them. It took two grown women to take my son out. Reporter the father wracked with grief upon learning how his 18monthold son struggled to break free from Monifa Sanford and his own mother. According to testimony, little Norell Harris was pinned down, a serrated knife plunged into his neck at least eight time. Multiple
Most valuable player award. Hasnt sunk in at all. Im on cloud 9. For sure. Obviously we are in the middle of a play off run and thats the most important thing but today is a celebration for sure today is a celebration for sure. Thanks everyone in the Warrior Organization including his team mates that were on hand and his head coach. Couldnt happen to a better person. Fun to be around. Very humble. Superstar but doesnt necessarily act as some superstar the. Just a pleasure to play with. I want to thank you for making my job really, really easy because to build a team you need that kind of continuity and joy and love for what we are doing. You embody all that. Congratulations and thank you. To be able to follow in your foot stichlts he got emotional talking about his father dell so proud of his son. We try to make it as normal as possible with the kid growing up and to hear him talk about remember how he thought we were raising him. Seems like we got it right. It make you real proud. He