SFGTV December 1, 2014
Of Gross Revenue in the table and the staff report, you will see an indication that the base rent, the net rent to the port are the same under the current lease and the new lease. However, [speaker not understood] a higher minimum base rent to the port over the term of the lease. Where i indicated earlier, there is going to be a new yearly termination of the lease by the tenant. We want the tenant to be able to stay there for a minimum of ten years. At the edv of that ten years they have to provide the twoyear notice to terminate so that will give port the opportunity to issue an offering or l...