Page 25 - Million Base News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Units. We want to send a clear significant malto all the members of the department that if theyre contemplating a retirement in the coming year that theyve got an option. Reporter the Police Union Says the city rejected similar proposals before, including once used in San Francisco and calls the latest version politically motivated and desperate. What if this officer whos now retired but working is seriously injured. Reporter the city is asked to meet next week to discuss it. The mayor and i will be coming out with a memorandum this week, this coming week, and we wanted to begin negotiations r...

Going the way they had planned or projected, [speaker not understood] they want an opportunity to help out. When the fifth amendment to the current lease was entered into in 2007, bae was not given the option to be able to [speaker not understood] not until january this year. So, that was a six and a quarter year from when that provision was provided. So, were carrying forward the same term into the new lease because the new lease is going to be for 20 years. So, we are including an option, new yearly termination until 12 years into the new lease. Here are the proposed key terms of the new lea...

Not understood]. And the other is the aging of the drydock. In looking at this lease and renewing it, we do take although factors in consideration in terms of the detail lease term that i will be going to in a minute. Here is a picture of the drydock number 2 which is [speaker not understood] capacity. This is the ship repair, another ship mentioned on drydock number 2. In starting to look at this lease, because current lease, bae currently has a lease with us that will be expiring in 2017 and it is mainly the port. [speaker not understood] in ~ 1994 [speaker not understood]. They want to incl...

Couple of issues with respect to the [speaker not understood] in term of recouping the [speaker not understood] that the port made into it. Currently we are charging there is a surcharge of 4 cents per square foot that bae is supposed to [speaker not understood] through sfpuc to pass through to the port within the utilization of the [speaker not understood] system is not optimum so we are looking for an opportunity to enhance that so that the city so that the port could recoup reinvest. There is also an existing rent credit that was provided in the port princess crude and bae into an agreement...

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...