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thank you for your consideration of this item, commissioner. so move. can i have a second? is there a second? ok. question, question. robert? emotion and a second, let s take comment. questions? yes, you can do questions. it is a problem and terry problematic situation. ideally, you would want the motion on the floor. i have the same concern that i expressed with the previous item. we have an issue looming out there. i am not sure why we are entering into something that we would have to go back to in a few months. in a few months, we would know where we stood. that is my concern. with commissioner lazaristust is very permissive that there would be negotiations. who would benefit? that is a significant charge from the event authority. they have a number of other concerns as to about that would work and might cause significant readjustment. the reason i did not raise questions was because i differed from the previous ones. hornblower seemed aware tha ....
vari, the room cannot hear you. i believe that it exceeded standards there. there are a number of opportunities for them to fuel around the bay. does that mean that you are saying they are in compliance? i am not prepared to say that at the short notice. have you done anything to find out whether they are, in fact, in compliance? there are issues, now and then. there was the location of a vessel in an area that creep up to the front. there have been other issues, over time. we raised those issues and the company responded. support staff checked with the city to make sure that there were no violations. there was an outstanding issue with a sister company. finally, there was something about the investigation of alleged firing? that was still an open, pending item. mr. wyman probably knows better than i do. flex my understanding is that it is still under appeal. my counsel tells me that it is an open item. the labor board turned down. there was a subsequent ....
noise, recycling, litter control, vehicle traffic management, they are all addressed. this is an existing maritime tenant, paying the port approximately $1.9 billion in rent annually. it helps to support the ports maritime mission. this lease will provide the port with a guaranteed minimum rent of $64,700, annualized. the tenant will generate an additional $200,000 for your. meaning that the port should earn approximately $1.4 million in revenue from this currently under-performing asset over the next five years. the city and the port of san francisco proposed the 34th america s cup in 2012 and 2013. they are in the process of conducting environmental review. the city planning department has issued a draft, environmental impact report that analyzes the potential environmental impact of the proposed events. the draft report includes a section on alternatives, identifying the atrium and the waterway on the southwest side of your nine pier 9 for the race events in 2013. ....
[inaudible] vari, the room cannot hear you. i believe that it exceeded standards there. there are a number of opportunities for them to fuel around the bay. does that mean that you are saying they are in compliance? i am not prepared to say that at the short notice. have you done anything to find out whether they are, in fact, in compliance? there are issues, now and then. there was the location of a vessel in an area that creep up to the front. there have been other issues, over time. we raised those issues and the company responded. support staff checked with the city to make sure that there were no violations. there was an outstanding issue with a sister company. finally, there was something about the investigation of alleged firing? that was still an open, pending item. mr. wyman probably knows better than i do. flex my understanding is that it is still under appeal. my counsel tells me that it is an open item. the labor board turned down. there wa ....
this lease will provide the port with a guaranteed minimum rent of $64,700, annualized. the tenant will generate an additional $200,000 for your. meaning that the port should earn approximately $1.4 million in revenue from this currently under-performing asset over the next five years. the city and the port of san francisco proposed the 34th america s cup in 2012 and 2013. they are in the process of conducting environmental review. the city planning department has issued a draft, environmental impact report that analyzes the potential environmental impact of the proposed events. the draft report includes a section on alternatives, identifying the atrium and the waterway on the southwest side of your nine pier 9 for the race events in 2013. should this alternative be ultimately selected, for lower would be asked to agree to a lease amendment to accommodate the temporary burden and public access. having received a letter from the ceo and president of hornblower, they sa ....