Item 6 pledge of allegiance. [pleage of allegiance] uptake of lipid of pride to welcome by her former colleague black. Nice to see you commissioner. Please be advised that the ringing and use of cell phones pagers and similar accounting devices are prohibited at this meeting. Please be advised the chairman may order the removal from the meeting room of any person responsible for the ringing of or use of cell phones, pagers or other similar electronic device. Please be advised that member of the public has up to 3 min. To make personal public almonds on each agenda item before the Commission Adopts a shorter period on any item. Item 8 of the comment not listed on the agenda. Was there any Public Comment . Please come forward to the right over here. Seeing none, Public Comment is close. Next item item 8, item 9 a executive directors report. Good afternoon, commissioners. Members of the public was that by Monique Moyer is my honor to welcome you here to the james cruiseship terminal which is our pride and joy. Many years in the making and we had it available for all kinds of activities, but this is definitely our first Port Commission meeting here. So, i want to think commissioner adams for his foresight in suggesting this location. Im glad that all you can out to visit the terminal. And to be with us today. So, we do have a couple things to report on. The first, its my great privilege and joy to introduce to you commissioners, and the public, to new Property Managers without pointed first i like to introduce emily beale. Kimberly, if you can stand please. Emily joined the port at the end of september. Shes been with us just over two months. Shes served 14 years as a Regional Property manner for safeway incorporated where she perform daytoday management of 90 properties, managing a team of six so that sounds about like the normal portfolio here at the port. Without the team of six property remains the same. No staff. Her position with transfer to boise idaho after output since purchase safeway and so that was our Great Fortune because we were able to lower her over to our side of the bay to join us here at the port of San Francisco. Prior to working for safeway, kimberly manage the portfolio for open foresight associates or about 3. 5 years. In doing so she integrates closely with the port of oakland and so gives her a little bit of insight into what its like to be at the waterfront. Kimberly has her bachelor of arts in ethnic studies from uc berkeley. She also holds for californias real estate licensee shes a Friendly Convention credentialed and townsend and were quite honored to have her join the market so please join me in welcoming kimberly. [applause] then, its also my pleasure to recognize and welcome santa over leaf. If you would stand can i feel like im crouching down to get to the microphone. Sorry. Sandra joined as november night. So, almost a month. Tomorrow, right . Shes had the pleasure of serving 14 years at the Mena International airport where she was the principal property owner. She managed by Property Managers and was responsible for generating 90 million in annual revenue. So, we expect her to generate 90 International Airport where she was the principal property owner. She managed by Property Managers and was responsible for generating 90 million in annual revenue. So, we expect her to generate 93 in annual revenue and here at the port. That would be fantastic. Cindy has a bachelor of science in organizational behavior. Shes also attended the university of santa clara law school. She holds a certificate in Concession Management from the Airport Counsel International and we are very very pleased that she has come on board to join us and bring to us a very interesting perspective with her background having been at the airport sector and now the port sector. So that nice intersection between transportation and retail. So, thank you for joining us and please all join me in welcoming sandra. [applause] that rounds out our Real Estate Team for a hot second, i think. Before we have any more vacancies. Next, im delighted if any of you walked up to the cruise terminal from the Ferry Building area, you walked by our newest water taxi landing, which is at peer 15. Courtesy of the exploratory and. Were really delighted and grateful to see the opening of the new landing. Ive no idea where he is manny. Manny, thank you. There are some photos if you put it up for me . Commissioners, as you may recall, arent we exploratory them for the renovation and opening up peer 15 other new headquarters also included the provision to construct a water taxi landing on the south side of peer 15. You can see a picture there. Its very nicely tucked into the embarcadero and up against peer 15 building. It recently opened, and it is a nice sheltered area. It helps to be very very pocketed unlike some of our other water water taxi landing it is feasible from the promenade did not talk behind the building. Im hoping that will increase our ridership. We have already been working to amend our existing operator limits with her to water taxi operators to include this landing site as well as to work with other entities to do small vessel charters. The small vessel being defined as a vessel but less than 60 feet in length and carries no more than 49 passengers. So, we are looking forward to the opportunity to expand peoples ability to get out onto the bay and to move along the waterfront by the date. I want to give special thanks and recognition to first and foremost our partners at the exploratory them for taking on this project on our behalf. We are absolutely thrilled and we hope it is a great amenity for the exploratory them and thank you to dennis, who will talk about in just a minute. Also, thanks to the folks at the staff at the port. New human, a host of others. Thank you all so much for two years of work to get this done. We look forward to talking about yet another water taxi landing in the near future. So, congratulations to all and again special thanks to the exploratory. Which brings me to my next piece of news which is no secret that our partner Dennis Bartow is retiring at the end of this month. Dennis, who is here,dennis if you want to stand for just a second . There he is. He was named executive director of exploratory and in 2006. You have to stand the whole time. Thank you, though. Dennis was made the executive director in 2006. Right in the middle of the exploratory and i think third search for a new home. He joined, i think, right as it became a possibility that they could potentially come and look at the property at the port. Dennis was the one who led their team to what this beautiful building is today. Dennis has led the exploratory and was an Iconic Institution out for nearly a decade. He oversaw the whole project, everything from taking the idea of doing it appear 15, which had been a warehouse, i think that point in time it had been mostly recently used by four vehicles that are part of the mta and envisioning it for this type of a museum use. Creating a entity to raise the construction and management. Overseeing the move. Making a lot of fun out of the move, actually, and then opening it up to worldwide acclaim, which was a lot of fun for all of us. It was at 250 million project more or less and its been in april 23 so this april will mark three years so wasnt all that long ago. Unfortunately, then about two years ago there was a lag in attendance, which cause them financial stress. The exploratory them and dennis managed deep budget cuts proportionally some staff layoffs but then he writes as the budget to about 50 million budget annually helps create a 50 million endowment fund. No, attendance has paid attendance has doubled to more than 1 million visitors a year and i forget how many free visitors they accommodate but im sure dennis will tell us in a few minutes, but very very impressive. The museums membership is up to 44,000 members which quadrupled under denniss term and hes expanded the professional Development Program to include 1200 features each year who come to the museum. 1200. Thats 100 on month. Thats another 15,000 online science teachers who learn new inquirybased teaching techniques for schools in the bay area and across the country. Dennis also created a global Studio Department of staff of artists educators and scientists who design exhibits for foreign signs museums should effectively replicating all or some portion of the exploratory them around the world. They train for an exhibit builders and counsel foreign governments great new science museums effectively commoditizing the exploratory and brand which it is really a great attribute. Now, committee has been organized to do the best they can to conduct a successor for dennis. So, good luck to them. On a personal note, i want to say its been just a joy to work with dennis. This last decade i cant believe youre leaving. You come in after man leaving before me but i been very glad to know that you been a part of my tenure here at the port, dennis. It has been a real joy to work with you. Ive learned a lot about science from you but also just your passion for being a member of the community and your joy and delight in being a member of the waterfront , and also just pure being a partner for the port from everything from visiting ships to security issues, to disaster response, and just enjoying the waterfront. Its been a real pleasure. Its hard to ensure and explore time without you being there, but we wish you the best of times in your chapters ahead and look forward to the next horizon for you. So, thank you for your partnership. Thank you for your vision. Thank you for your friendship. [applause] can we invite dennis up to say a few words, please . To the Port Commissioners, its my honor to be here. Really good apartment to really make this all possible. First of all, we are so proud to open up that new taxi dock. Even more excited to hand over the liability to you. As soon as possible. Its a wonderful new attribute and we are have sorts of different programming and marketing ideas how to take best advantage of it together. In my short remarks i just want to say, first of all, thank you for this amazing amazing location. There cannot have been a better new homerodney and others who have this get there in the waterfront. The front porch of San Francisco for the exploratory good a quintessential San Francisco institution. The sony metric you mention either doubles, triples, or quadrupled including the number of School Field Trips and people come for free which is 130,000 i knew it was a huge number. So proud of that. Even more been part of the community. Its only been through this amazing partnership that we had with a part. I did say has been the most wonderful collaborative partner. Ever since the day we signed the lease up in this get these Amazing Research and educational vessels at the end of the dock so we open up to the public. Openness all sorts of things on the street and waterfront into some art and science. Being our partner in every way possible. Even bending over backwards in getting things done and i think record time in certain instances. We have just done nothing from jay and susan and everybody owes. The mens sort of respect and cooperation which is double it back to you. Its off to a great start. Thats not possible without amazing leadership. So, i just have to commend the commission, monique, it really does start with the leadership. Incredible communication and getting together and sharing with each other all the time and solving problems together. We have an amazingi can help skinner and picture without the right in front of the slip in 1985. It was a big highly right in front of our new home. The city was completely separated from this waterfront. Look at it today. But how busy the imparted arrow is today. All i can think of is, the future of the exploratory and i think our city standing here 30 years from now and what you think its when to look like . Because the investments and decisions and leadership they are demonstrating here now today for our city. So, thank you for your leadership. Thank you for my own personal journey. It cannot happen without the partnership that we had with the port. My own learning. I know far more about how construction and engineering that everybody deserves to know and whether you really want to know. But its because of the partnership we have and the vision, and frankly, the kind of cooperation thats made us in his rental part of the vision for the water where partners are like a lease for the 61 years of the lease. We hope that is in perpetuity and whatever we need to a caucus together to get this aligning this part of town we are in. We are all in and i can say that even for my success bit so, thanks again. Monique ward commissioners, everybody for helping us make this wonderful journey happen force. [applause] i can sit here and keep on the superlatives for quite some time. I know directive moyer is a many who grew up in San Francisco going to the exploratory them in and seeing how you just transformed the pier here and what youve accomplished them in the move and the way its now imaging so many other lives and children to those around the world, really to see what youve done here in the model for what this kind of museum can be, i cant begin to thank you for your vision on that, for we saw through and its just been extraordinary. So, just an unbelievable vision visionary and julia partner with the port. Its been an honor to see what youve accomplished and to be able to talk about this exquisite, magnificent museum on our waterfront. So, my colleagues and i would like to San Francisco was i to support presented with a plaque. Thank you for your vision devotion and partnership in launching the new export them at your convenience only from all of us, we wish you all the best in your new endeavors. So, thank you. [applause] why dont you come to the side of the table so we can get a nice picture . So, next on my report is something that is also very gratifying animation get diapers got involved with the port bond rating and credit in 2004. That would be the most 12 years ago. It had many long conversation with standard and poors what the port is and isnt and for at least a decade, maybe decade and a half standard and poors assistant the port should be graded according to its work as a transportation. So, they kept transportation agent. So they kept looking at the port of San Francisco as a transportation credit. Then, in the last decade weve been able to convince the Rating Agency that we really are not a chance traditional transportation credit. So, im very pleased to report that standard and poors has agreed with us and raise our bond rating on our Revenue Bonds from an a to a a with a stable outlook. The stable outlook it really means what i think will happen with the credits over the next three years. Which means they dont expect it to be upgraded or downgraded in the next three years. The reason that theyve upgraded us from a minus280 a they continue see very strong Debt Service Coverage. We been very carefully. Wonderful commissioners adhering to our covenants and making sure Debt Service Coverage is more than adequate. There was a point in the time and the ports of recent history where it was not. We also got strong liquidity, meeting with good access to cash. Weve seen good operating growth and each of the past five years and we have a very unique asset base. On the credit we decide, they still remain concerned by our unfunded Capital Needs. But they do note, we have been very much trying to manage our Capital Needs and target our reinvestment of our acids and very careful way to maintain our financial performance. So, very very gratifying since 1994 to see standard and poors recognize the port of San Francisco as a a rated bond. Congratulations to Alain Forrest and megan wallace, larry brown and don lu and a host of others for their great work and working with standard and pours the expanded credit and congratulations to the commissioners, the staff and the public for the hard work it is taken to turn the port around and make it financially stable. This is an excellent report card for all of us and i hope each and every one of you takes great pride in it. It also hopes to keep our debt cost lower. On the crab season site, as you know, the crap continue to be tested every couple of days. Im reported on this on our last meeting. Most recent test results for crap showed improvement in the levels of demonic acid but theyre still not below the safe level. In some areas, they are below. Some water areas that are below in some water areas they are not. So, it is not been cleared to be fished yet. Crab season normally wouldve opened 21 days ago. So, three weeks ago. One of the levels do come down from acceptable levels thatll take a few weeks for the commercial and recreational opening days to get sorted out. Then, when the crab season opens, the crab boat owners and the Fishermans WharfCommunity Health to conduct a campaign to reassure the public that the crab is, in fact, say to each. We can expect to enjoy our local delicacy. The Economic Impact of the commercial fleet here in San Francisco is anywhere from 50,000300,000 pounds of catch. So, its very meaningful product for us. Currently, there are 4954 commercial crab b