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Im going to briefly go into the proposed terms of the mo u. Its for 3 year period with 12month extension. The 12month expectation is subject to the approval of the director for the port as well as the director for the Housing Office. The lease structure is for 75 years. On the condition that we will be ref job tax credits. The mo u equally include the developer will be paying for the cost of the development so it covers construction and predevelopment and financing for the Affordable Housing. However, the port would be paying for the parking garage component as the parking garage is supposed t...

Pay for the parking. We are getting almost a double dip i hate to say that sounded good to me. Are you finished and yeah. One question to jonathan. Im still concerned about the port i understand that 8 million aluminum sum i understand the Parking Spaces to the port have we yet vetted at any Point Holding onto two floors like the ground floor commercial and the floor of office above thats income for the port the developer get ahold of it were not going to have a lot of say at this point so someone has gone past. Theres good ideas that have been floated at the port looking at the affordability ...

One question to jonathan. Im still concerned about the port i understand that 8 million aluminum sum i understand the Parking Spaces to the port have we yet vetted at any Point Holding onto two floors like the ground floor commercial and the floor of office above thats income for the port the developer get ahold of it were not going to have a lot of say at this point so someone has gone past. Theres good ideas that have been floated at the port looking at the affordability the particular challenge whether this years trust uses and uses restrictions so as ricky highlighted we went to the state ...

Which is to develop Affordable Housing open the site and use the fundraising for that to help with pier 70 pr since then, the port and office staff have been moving forward with the direction in the legislation. Im going to briefly go into the proposed terms of the mo u. Its for 3 year period with 12month extension. The 12month expectation is subject to the approval of the director for the port as well as the director for the Housing Office. The lease structure is for 75 years. On the condition that we will be ref job tax credits. The mo u equally include the developer will be paying for the c...

Theyre saying well, the housing density if its not reduced if youre able to do the x number of affordable units ill well pay for the parking. We are getting almost a double dip i hate to say that sounded good to me. Are you finished and yeah. One question to jonathan. Im still concerned about the port i understand that 8 million aluminum sum i understand the Parking Spaces to the port have we yet vetted at any Point Holding onto two floors like the ground floor commercial and the floor of office above thats income for the port the developer get ahold of it were not going to have a lot of say a...