interested and happy to stay in san francisco. it is very important to come up to our business. more importantly, to stay in the port. as jay said, we worked very closely. i want to commend jay and other members of the staff who have worked tirelessly with me to bring this to fruition. pier 50 is an ion tool location. -- is an ideal location. i think it works very well for both our businesses. we would hope that you would approve our arrangement here. >> thank you. >> thank you. >> i just have a question, jay. the. versus -- the rent table versus

the monthly credit, that is not after the rent credit? i am just trying to clarify. >> the rent credits will start on month eight. there are seven months of rent abatement. >> that would change the monthly rent that you love listed? >> yes, i am sorry. just to clarify. the actual rent will not start until the 18th month. >> ok, this is the gross rents? >> that is correct. yes. >> that does not have the credit reflected? >> no, that does not. >> what are the total rent credits? >> $550,000. those are for improvements such as bathrooms, electrical,

mechanical, things that would outlast a tenancy for instance. that we would utilize for another tenant. >> what is the total? >> it is up to $550,000. that is the maximum. >> what is the parameter read? >> what is the parameter rent? >> yes. >> the parameter redwood before -- -- the parameter or rent would be for, for instance, up $1.75 for the shed and 22 cents for the yard. we are below the parameter rents for the first three years on the shed and yard.

at that point it does go to parameter rent on year four. on shed a space, it is difficult to quantify the brent. have this office space. -- half is office space. you might have $1 rent. he would basically do that. so, after that, it does this at higher than normal schedule. we were above, exceeding 3%. >> i guess my question is was the difference in total number that we're losing compared to what we're getting? >> the total is $1.9 million,

ok? we were craftiness based on the total value of the port. how this goes a round is, we had a number we stayed with. we moved around to accommodate the tenant. >> thank you. >> for the first 17 months, we are looking essentially at about $1 million that is a foregone? then we have the seven months of rent credit, and then we have the t.i., is that correct? >> it is actually $875,000. >> right. ok. so, i guess your total of $9 million -- that is the parameter and today and you redistributive did -- and you

read distributed over 10 years? >> that is correct. >> is the $9 million included -- in other words, you to the tenures of parameter wrens, came up with the $9 million, and you said it would be $9 million, but it is different. it is not pro rated. >> just one last -- deputy city attorney reminded me, this is subject to board approval, board of supervisors approval. >> thank you. all in favor? resolution is approved. >> thank you, commissioners.

>> item 11, new business. >> is there any public comment on new business? >> commissioners, on new business, i just want to mention that the forward calendar for the january 10 meeting will now include an update on the cruise terminal as we discussed this morning, and it is our intention to bring you the ceqa findings on the project for mitigation at washington if that is adopted by the planning commission. if the eir is adopted by the planning commission before and. those are two adoptions. >> [unintelligible] >> january 25. pardon me. thank you.

>> i would actually like to move that we adjourn in honor of the entire port staff and their collective herculean efforts that got us here today. i looked that word up. [applause] >> aye. >> meeting adjourned at 3:19 p.m. >> i would like to think angela cavilo, the clerk of the board of supervisors, and her staff for offering their room today. thank you. i am sure i left 1 million people out. >> thank you. >> thank you, commissioners. >> thank you. happy holidays.

>> please do not call us in the next two weeks. we are furloughed between christmas and new year's, so we go to the minimum staffing.

>> this is our costume shop. we build all of the clothes for all of our shows. we have been in this building for 13 years. it is an amazing locally hired, locally sourced workspace with amazing artisans. we build all the clothing. we use them in our performances. it is an amazing rental facility. we rent costumes to everybody for halloween, opera companies, theater companies, all over the city and country. it has always been a hive of activity. it was the brainchild of our director that we use the front space as a performing space. we really want to make a contribution to the incredible thing is happening in san francisco, the revitalization of the corridor, through the arts. i want to give a big shout out

to all of the artists who are here. i know i am predicting a bunch of view. there are wonderful, local artists who have been in this neighborhood for a long time. we want this to be a place where artists can gather. lots of different groups can rent the space. feel free to pass the word along. we are flexible. we can perform in different configurations. we have had lots of interesting people here. it is a great creative hub for our schools. education is a big part of our lives. we want young artists to think about why they are making the work they are making and for what community they are making it. he has been a partner with us in exploring the neighborhood.

[applause] he is the most patient man ever. he has been looking around and helping us make the connection. i think we're all in for a bright future. we have a fantastic new mayor. charles shultz said last night that the main buzzword he wants for his -- charlotte shultz said last night that the main bus or the ones for his administration is accessible. -- the main buzzword for his administration is "accessible." we are honored and thrilled he is here. we want to welcome him to the stage. [applause] >> congratulations. thank you. welcome, everybody. you have got to know what is going on in my mind. i do not talk a lot about things

sometimes because they are very personal. i have to share with you the level of excitement coming into this store tonight. in preparing, i am feeling the same way as win in college -- when in college and performed in my first drama class. i performed in "butterflies are free." i was 3,000 miles away from my original home, from seattle to maine. i felt like i could do anything i wanted and my friends would not laugh at me. i took drama class. i was really excited. i got to perform. this is kind of how i feel tonight with this opening. it is wonderful. congratulations. act coming to mid market is huge. we have wanted the active arts

to be such a great part of this. they have been paired wit.-- the been a big part of this. to have act joining us in a deliberate move to revitalize the area and make arts the leading factor, to join the great art foundation, burning man, all of the business locating here, it is wonderful. i feel very excited about this. this is another smart thing on behalf of our arts community to join the mayor's office, the office of workforce development. i know amy and jim are excited, the whole crew. [applause] thank you. i share in her staff's excitement when they can make an agreement and get the right funds together.

a lot of it is still about financials. if we can leverage what we have with the excitement that you bring in, we are on our way to a good foundation for revitalization. this community needs it. it has the connection to the soma and tenderloin. i think we're on our way to a very positive, a successful story of how we work together to make this community, alive. you already know what we have done. we have done anchors with twitter. on fifth and market, we have the first of many financial institutions. it is the fifth largest bank in china that has now opened their office on the market street. that is to complement what we're doing your business-wise. that is along the lines of what some of the smaller agencies are

doing. you will hear more about this. dottie's blues cafe will be around the corner. we're committed to the six st. sub-station. you are already seeing the community ambassadors walking the streets. they are greeting people. they're getting to know everybody. please know them by first name. they will be your partners to make everybody feel safe along the street. i have to thank act for taking this opportunity, activating the space, making it available. i know you are an educational institution as well as a performance institution. your masters of the arts program will be delighted to embrace your best grant students

as they perform here, really get their education started. it is the performances and people you bring your that well and live in the area. -- that will enliven the area. i cannot remember what i did with "butterflies are free," but i do remember the excitement of that performance. thank you. congratulations. thank you, everybody, for coming here tonight. [applause] >> we are going to give you a little taste and performance. our board president will introduce it. we have two other great allies here from the unified school district. this is going to be a space for education programs and young people to come in and perform.

we're honored am thrilled they are here. >> thank you so much for joining us today, mayor lee. we're deeply appreciative. you are so encouraging. it is a great launch. i am nancy livingston, i cha ir the board of act. we want to welcome all of you here today, particularly our sister organizations in the arts. we are so thrilled to be putting down serious routes -- roots here. the kind of work that will be done here is very different from what we're doing elsewhere. we have amazing opportunities to do cutting edge work, kind of grassroots and community-based work we do not have the opportunity to do in a 1000 seat

theater. we are thrilled to welcome all of you today. as the mayor indicated and everything you have read in the newspapers, act is dedicated to putting down community roots in a significant and serious way in this area. the costume shop has been here for a while. we are dedicating and inaugurating this brand new space. we have dreams of putting in a second stage in this neighborhood. we want to be good neighbors and good friends. come often. bring your friends. thank you so much for your support today. rusty? [applause] >> we have to think another institution, the irvine foundation. it is making the performances that happen here available to

us. that is really great. it takes a village. it takes fund-raising to make these things happen. the irvine foundation has been awesome to us. thank you to them even though they are not here this evening. we have a special performance tonight. we have our class of 2013, we call them our second year's. they will be doing a musical revue, two songs. if you get a chance to come see it, we would love to have you come back into the space and see it. you can see the full performance tomorrow night at 7:30, friday at 1:00 in the afternoon, saturday at 2:00 and 7:30. we would love to have you come back and see it. it is directed by travis greisler who did "tales of the

city" last year. it is a family affair tonight. we are all here together. we're going to let them come up and do their thing. the exit stage right. -- we exit stage right. [applause] >> please spell chimera? >> can i have a definition? >> highly unrealistic,

imaginative. ♪ [vocalizing] ♪ ♪ if i go to washington, will i be on my own? because if i go to washington, who will be my chaperone? ♪ ♪ we always knew you were a winner. we smiled when you smiled.

from the beginning when you are a beginner, you were the perfect child. we always knew you were a champion. if you should feel my [inaudible] blame it on your memories. i love you. i love you and. i love and remember you. i love you.

♪ >> i love you. >> my dad said -- >> i love you. ♪ i love everything about you, dear. maybe it is true. i love you. ♪ ♪ i wrote you a letter. mama, but you didn't react. you never asked me if i joined you in the bombay sun. mama, when are you returning?

i know we agreed. tell me what you are learning. i think dad takes out on me what he wants to take out on you. mama, i think that is angry. i do not know what to do. mama, mama, mama, how i wish you were home. how i wish you were home. i wish you were here. ♪ we always knew you were a

winner ♪ ♪ i wish you were home ♪ we could not be prouder ♪ ♪ i love you ♪ i love everything about you, dear. baby, it is true. i love you. i love you. i love everything about you. baby, it is true.

i love -- >> chimerical. highly unrealistic, highly danceable. -- highly fanciful. >> that is correct. ♪ i love you ♪ [applause] >> ♪ i wish i could go back to college. life was so simple back then. >> ♪ what would i give to go

back and live in the dorm with a meal plan again? >> ♪ i wish i could go back to college. in college, you know who you are. you sit in the sun and think i am going to go far. ♪ ♪ how do i go back to college? i do not know i am any more. >> ♪ i wish i could just drop a class. >> ♪ we could be sitting in the computer lab before the final paper is due, cursing the world,

seeing the rest of the class. ♪ i wish i could go back to collegeby wish i had taken more pictures. >> but if i were to go back to college, then what a loser i would be. oh my god. >> these kids are so much younger than me.

♪ [applause] >> recreation and park commission. could you call the roll please? >> [roll call] commissioner levitan is on her way. a few announcements as a reminder -- please turn off any electronic devices and please take any secondary