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Please be advised that the chair may order the removal from the room for any person using cell phones or any other some producing electronic devices. Belief spee advised that a member of the public has three minutes to make pertinent Public Comment on each agenda item unless the Port Commission adopts a shorter period on any item. Public comment on items not listed on the agenda is item eight. Is there any Public Comment on any items not listed on the agenda . Seeing none, Public Comment is closed. Item nine a. Is executive directors report. Good afternoon. I am the boards executive director. ...

Many things have changed. Investors are asking for higher yield given what they have seen. And given that this development is not just a hotel by itself, but it will include space for dinner theatre, as well as Public Open Space, the file was different for the investor. Investor said, you know, they requirement needs to be a little bit more than what i agreed to. The developer asked us to increase the internal rate of return, and the participation changed from 70, 30 split with the port to change it to 80, 20. So we push back and we negotiated, and what we identified has changed eyes increasin...

Ms. Deitz it is wonderful to be here. I was up early this morning, and therefore i had a lot of time to walk around. I am from new york, so being in washington is a tremendous pleasure. I woke up when the fountains were going and the trees were just getting that wonderful spring green. I really thought this is americas versailles. You know . This is our place. And it occurred to me that louis the 14th probably thought it was a really good big deal. What we are talking about is really a very big deal. Designing gardens for the president ial house. Here i was coming to speak, but it really came ...

The north. Now, moving toward solano. They will be with us. Highs are beginning to bump up a teeny bit here. 60s, 70s and low 80s. 6 01. Still good news . Right. Yes. Were having a debate show your arms at work. Yeah. Because theres no traffic, really. Theres no traffic. Going to start to see gun shows in town, sal . Ill show you my arms, baby. Lets go out and take a look at the commute. Ill show you what will im talking about. I will be serious for a second. Okay. It is nice and light now. I dont think it will be this afternoon, leaving the bay area. So put that into your plans. If you think ...

Up early this morning, and therefore i had a lot of time to walk around. So being inw york, washington is a tremendous pleasure. The fountains were going and the trees were just getting that wonderful spring green. I really thought this is americas versailles. You know . This is our place. That louisrred to me the 14th probably thought it was a really good big deal. What we are talking about is really a very big deal. Designing gardens for the president ial house. Speak, butcoming to it really came into amazing context for me. I was just kind of Walking Around and seeing it. When i was first c...