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Lot 321. Pier 29andahalf, and interim parking in pier 33 good afternoon commissioners, jay edwards, Senior Property manager, to the Real Estate Division, im joined with bob davis on my height with administration of analysis, were here to request approval for the above mentioned item here. For the waterfront parking. So i would like to first of all thank you priority parking who has been our operator for the last four year not only the 2. 8 million for the repourt but also the responsiveness and what they have done to make the operations as soothe as possible were moving in new direction in terms of how we bring our lots out to public from the bid process, to request for proposal process which we outlined in the past informational meeting, what we have before you today is an updated report, that highlighted, what the changes made to it. And where they have been made so ....
And traffic yes commissioner, the agreements will reflect that. The whole issue of traffic and how we exit our lots and efficiency around or lots is important for merchant and parking operators, we will be looking for parking operators, that have some experience with traffic flow, that have worked with the city in different capacities as many of the operators of some of the lots currently do. If there are development that will be going on i think the agreement will reflect some level of flexibility along those lines as well. So one of the questions, i guess the agreements have been month to month since december of 2012, is there any reason its taken us to 2015, to decide to put them out for are you renewal or rebid were receiving percentage rent on the operations we have increased the base rent annually, to reflect market increase if you will, while we always endeavor to get these out quick leer were still hopefully, receiving a fair return on our operations okay. I just was it a delay ....