These current leases are they at the current market value or not . Market value vary. They are in the general range what we see in most of our Retail Restaurant leases. We use them as comps. If were going to negotiate extensions and if theres any gap between where the existing rent is and fair market value on fishermans, we need to bring it up. I think that makes a great deal of sensation. We had a similar discussion. We wanted to set it at the fair market value at the time of auction took place. Weve used a similar appraisal structure. If we do want ahead of the expiration, we dont want to lose the chance market value. Thats the goal to make sure everything is market to market. Mike, thanks for the report. My fellow commissioners explored everything i wanted to. I have no further questions. President brandon Vice President adams. Vice president adams mike, i appreciate the report. Its amazing. This board, were not a political board were a policy board. I think that this is something t
Stated for a shorter period on any item. Item 5, and Public Comment on any items not listed on the agenda. Is there Public Comment . Item 6, executive directors report. Good afternoon, commissioners. Im the boards executive director. First id like to update you on the land sale of parcel k north youll likely recall from our approval for pier 70 now Brookfield Development on february 12 following the board of supervisors on the sale of parcel k north. The first transaction for vertical development under the pier 70 district. The port received total consideration of 24. 35 million and transferred the net proceeds to brookfield to begin entitlement cost pursuant to the development and greet agreement for the 28 acre site and it will undergo construction and the port will participate in the subsequent sale of condominium units. The buyer, tmg, presidio bay and brookfield plans 250 condo units to be built in two phases and anticipate starting construction next year. I want to congratulation
Please be aware the removal of the room will be for anyone who uses an Electronic Device and the member of the pub lic has three minutes to make pertinent Public Comment unless stated for a shorter period on any item. Item 5, and Public Comment on any items not listed on the agenda. Is there Public Comment . Item 6, executive directors report. Good afternoon, commissioners. Im the boards executive director. First id like to update you on the land sale of parcel k north youll likely recall from our approval for pier 70 now Brookfield Development on february 12 following the board of supervisors on the sale of parcel k north. The first transaction for vertical development under the pier 70 district. The port received total consideration of 24. 35 million and transferred the net proceeds to brookfield to begin entitlement cost pursuant to the development and greet agreement for the 28 acre site and it will undergo construction and the port will participate in the subsequent sale of condom
Id like to close out new business but make a comment before we adjourn the meeting if possible. So after we conclude new business. Commissioner okay. Any members of the public . Seeing none Public Comment is closed. Next item please. The clerk sf gov tv show the slide. Commissioner its our practice to remind you the office of Small Business is the only place to start your new business in San Francisco and the best place to get answer to your question doing business in San Francisco. The office of Small Business should be your first stop when you have questions on what to do next. You can find us online or in person at city hall and best of all our services are free of charge. The Small Business commission is the official public forum to voice your opinions and concerns about policies that affect the Economic Vitality of Small Businesses in San Francisco. If you need assistance with Small Business matters start there in the office of Small Business. Commissioner endrizzi. Thank you to c
Governor Phil Murphy and Environmental Protection Commissioner Shawn M. LaTourette announced $117 million in recommended Green Acres funding for parks and open space preservation. The funding recommendations will now go to the Garden State Preservation Trust for review and approval. “New Jersey is poised to make a historically significant investment in its parks and the […]