Well ant they the different if you cannot fund phase a then it becomes phase two . Right. And i may need to revise that slightly but that is the direction that we are headings and it seems to get support and may be they are as confused as you were but. Okay. Well, hope ihopefully, we can get as much time as we can with what we have and hope for future funding but thank you so much and this is a great presentation and we are really happy about all of the oche space projects that we are working on and the wonderful park findings. Actually i had a couple of questions do we have any estimate of the costs you know you showed us the signage but i think that is along the pathway . Yes the cost that we have for that is 1. 1 million for the sign anal. And is that for all of the signage from mission bayyeah from Mission Creek to wrecken park and in a way that wrecken park and m ta can take our design and use it for portions that are off of our jurisdiction and. And then will there be other signa
Them in terms of least obligation they have a Good Community partner. Number 210 inapt is committed to making a significant invest in the leasehold which will benefit of the port. Well we have seen that happen before and they are doing the same a 350,000 investment we consider that significant. They are taking an under utilized piece of the if you look at it, its an octogon so we have h i ask so eight sides and this they are taking the least used sign and put it in a new dinings and Beverage Service and so we think that is significant and there will be for that, then there is going to be generating roughly 350,000 of additional revenue to the port. So 350,000 investment and 350,000 potential return and no rent credit or rent abatement is being offend. So, number three, the benefits of the direct negotiations out weight the Competitive Bidding well we think there are significant Public Benefit to this so we are improving our visit Visitor Experience, we also have they are going to commi
Oh, do we for the bay view gateway. Or for the 2012 . Whatever we are going to whatever. We have for bay view gateway and toll larry park and gateway we have the concept and i can show then to you here right now if you would like okay. So this is the concept for the bay view gateway and again its location is between third street and illinois street and car go way the concept includes removing a dilapidated whof along the shore lines edge and taking what is currently today just an entirely paved area and creating some landscape areas which are identified in green with the trees creating a pathway that takes takes pedestrians andbicycle chlics in 34 story and context he he them with car go way which, is a natural direction that people would want to go and create a plaza along the water front, with interpretation throughout the site regarding the sites history and cargo and integrate through the plaza along the water front and along that railings and along creating a plaza calls the green
Eight sides and this they are taking the least used sign and put it in a new dinings and Beverage Service and so we think that is significant and there will be for that, then there is going to be generating roughly 350,000 of additional revenue to the port. So 350,000 investment and 350,000 potential return and no rent credit or rent abatement is being offend. So, number three, the benefits of the direct negotiations out weight the Competitive Bidding well we think there are significant Public Benefit to this so we are improving our visit Visitor Experience, we also have they are going to commit to keeping the public rest rooms even, and clean and supervised which, is essential to a positive Visitor Experience in the whof and so with that i kindly request your approval. Thank you ask i have a motion . Motion to accept second. Is there any Public Comment on this item . Commissioner any questions or comments . Seeing none, all in favor . Aye resolution 1294 has been approved. Tim nine d
Please that investment. So they made an investment, they want to make an additional investment. They have been a good partner here of the port and so for that , they came back and requested a longer term extension, we felt that to be fair and consistent with what had been approved previously, we went they asked for a fiveyear extension, we came and backed it down to a twoyear extension to make it a seven year term and so if this is approved they would have a seven year term to recoup the investment that they would like too make and we have site the port Retail Investment policy under your staffing report under which you can make an exception to the bidding retail leasing opportunities under the following conditions the tenants is in Good Standing so bow dean is [spelling . ] so they have consistently reporting their obligations in a timely manner and reporting all of their duties under the lead and there has been no issue with them in terms of least obligation they have a Good Communit