>> i will personally deliver that. >> we had discussions with staff, so i think we are fairly well briefed on this item. i would like a motion to approve. all in favor? aye. resolution 1252 has passed. >> thank you. >> 10b. request approval of lease no. l-15150 with ammunition, llc for approximately 9,652 square feet of office space with a term of 52 months, located at 10 lombard street, roundhouse two, and subject to board of supervisors' approval. >> jeffrey bell hour. ammunition is a san francisco- based company currently employing about 60 persons. they are a sub-tenant. mk think is the master lease

holder. in june they approached staff in order to meet some of their space needs. we toured 10 lombard. negotiations have led to the development of it until lease, which is now before year end of the to the board of supervisors. the lease provides for 9006 and a 52 square feet of office. the monthly rent is 22,200 to $2, about $2.31 a square foot, which is somewhat higher than the proposed rate. that is a blended rate. the fourth floor we are getting more than the third four. the term is 52 months. you may be wondering why 52 months. that is coterminous with their current master-tenant lease. if mk think this is not to

exercise their option, they would have like to -- they would like to fill out the rest of the building. in consideration of this period, which is not part of the report, late negotiations, we agree to a one-time 60-day rate abatement extension that our sole discretion and only if for some reason the port would hold up the processing to building permit, there would be some unforeseen conditions. instead of getting there and having to come back and amend least, we are requesting, at the discretion of the executive director. the lease requires ammunition to construct $288,000 of

construction improvement. they will have one right an exclusive the gratian's for an additional five years the lease is brought before you because the term in the rent abatement do exceed the criteria found in the port commission business parameters. all other terms and conditions are consistent with that. it also required for a supervisor approval. the revenue, which i believe is about $1.3 million, requires supervisor approval. finally, the net effect of the investment translates to $18.46 a square foot, $178,000 of net capital investment in port property. lastly, the third floor, we get efficiencies. there are no common areas, so we get 100% read the efficiency.

a very good deal. i request your approval. >> so moved. >> second. >> is there any public comment? all in favor? aye. resolution 1253 has passed. thank you. >> 10c. request authorization to execute a mutual termination agreement with city building inc., a california corporation, lease no. l-14950 for premises located at pier 26 annex. >> commissioners, said jeffrejey bower. this is adjacent to the bay bridge. pier 26 adjacent to the bay bridge.

city bill and was the original developer of this space. ido followed suit. in 1994, these were the first many developments. city recently negotiated and executed davies which reduced some of their space. we subsequently granted that to ideo. building does desire to get out of their lease. we have a policy where the executive director can terminate a lease, however, the city building leased is outside of that. that is due to the amount of rent they pay. so rather than a sublease or assigned, ideo requested a direct landlord-tenant relationship. they are currently pay us $40,000 a month. they are a design and

development firm, so they are requesting again to take the space. the terms and conditions are similar to city building. the term is shorter, so they are not coterminous, but you expect to come back at some point to negotiate a new lease so that we would have one, if you will. ido has demonstrated a willingness to invest in port property. if this termination is approved, the subsequent peace we have negotiated, which is being signed today, there will probably invest another $200,000 into the space to make it what they consider user friendly. i request your approval, and that concludes my presentation. >> so moved. >> second.

>> any public comment? all in favor? aye. resolution 1254 passes. >> item 11. new business. >> commissioners, any new business that is not on the list? >> i just wanted to thank the staff for the work they did in protecting the offspring -- us pray on pier 80. i did want to highlight that and how that we are doing our part for an endangered species. -- osprey on your 80. -- pier 80. >> item 12, public comment. >> public comment? if not, we are going to adjourn the open session and

>> i move that we reconvene in open session. >> second. >> all in favor? aye. i move that we disclose the conditions -- commissioner ed ms. lee approved the existing litigation described in item 4a1. >> second. all in favor? aye. >> i move that we not disclose anything else. >> second. >> item 13. adjournment. >> move for adjournment. >> second. >> we are adjourned, thank you.

>> let me thank the marine corps division band and the color guard for joining us and making this such a very special occasion. let me welcome each and every one of you on behalf of the war memorial opera house board, last that i come for dissipate, and they extend an invitation to each one of you to for this update because this retired member of the united states marine corps, a veteran and his wonderful wife, george n. charles schulz -- george and charlotte shultz. this afternoon, we are doing

something that, frankly, should have been done a long time ago. in this city, when the concept of a memorial for veterans what spurs done, they said it would be right here. of course, we have finally, after many, many tries, got this right. in 1936, the construction produced it, and then there was six or seven additional times from the original time, and it does not to work, but finally, about two or three years ago, we got it right. the board of trustees decided in their wisdom to say thank-you to two incredible san franciscans in making the horseshoe circle named in their honor. all of you have come for this occasion.

the man who presides over this city, for purposes of everything, is, of course, the mayor. directly across the street is where he journeys from on this occasion. ladies and gentlemen, let me present to you, the mayor of the city and county of san francisco, would just celebrated his 60th birthday, mayor ed lee. mayor lee: thank you, and they are brown, and thank you, everybody, for coming. -- thank you, mayor brown, and thank you, everybody, for coming. the years that followed the san francisco earthquake were filled with grandiose plans to rebuild our city. perhaps the best realize is the san francisco memorial -- war memorial and performing arts

center. the ground was broken to build the war memorial in honor of san franciscans who had served during world war i. in addition to honoring those veterans, the memorial gave a permanent residence to the opera, the symphony, and eventually, the ballet. the war memorial and performing arts center has great historic significance, including housing, the signing ceremony of our united nations charter in 1945. today, we are making history erosity and support of mr. and mrs. stephen bechtel. with a grant of $1.5 million -- [applause] from there foundation and in honoring charlotte and george shultz, we are that much closer to fulfilling the original vision of the war memorial complex, which was to include a

moral right in his courtyard. as a small token of our city's appreciation, i am pleased to present to you a certificate of honor. i know it is not worth $1.5 million, but maybe the personality of me added with willie brown comes close. if i may present to you, on behalf of the city, our great certificate of honor and a gracious personal thanks for your contribution. [applause] >> it is very kind of you. >> thank you. mayor lee: the bechtels generously gave their contribution, and together with that gift, it is only appropriate that the war

memorial trustees also decided to recognize charlotte and george by renaming this carriage drive in their honor. charlotte and george, for your dedication to both veterans and the arts, embody the war memorial's founding purpose as a cultural center and a lasting dedication to the men and women of san francisco who served our country. it is my pleasure to join the bechtels and the war memorial today by declaring today, may 10, 2012, charlotte and george shultz day in san francisco. [applause] but you cannot park that carriage freely in our city. [laughter] [applause]

>> mayor lee, thank you, very, very much. it was just slide of two years ago -- i should say just north of two years ago, from the board on which charlotte served and the great inspiration was from a real veteran, a man who carries the title of general. he announced the arrival of the carriage just earlier, but more importantly, he cobbled together a real idea that the veterans beautiful memorial must be complete and must be done. mayor lee, not only did the bechtels generously give of their own to this effort, but they did what we politicians love to do, and that is scilicet it from our friends, additional

help. this project received the benefit of that great mailing list. i wish i could get my hands on it because it produced almost as much as they had given, completed the payment, and made the good general very, very happy as well as his board. ladies and gentlemen, words from steven that bill -- bechtel. [applause] thank you. we still call you meier, don't we? >> you can, if he does not mind. -- we still call you mayor. >> thank you, mayor willie brown. it is an honor to be with you on this occasion. it is very appropriate to name a

facility after george and charlotte. san francisco is home for many important people, but none made as great a contribution to our country as george shultz. charlotte has given great service to our city and our state. i believe all year extend a great thanks to them for their great services to our country, to california, and to san francisco. i would like to complement our city for recognizing at them in this manner -- i would like to compliment our city for recognizing the - manner. thank you very much. [applause] that of mayor -- >> mayor lee,

the time has come. join me and proceed to do the dedication of horseshoe drive, which has been dedicated by the opera house board in honor of george and charlotte schulz. mayor lee: it is my pleasure joining all of you to announce this dedication on behalf of our city, on behalf of the war memorial, dedicating this carriageway to be charlotte and george shultz way of san francisco. [applause] horseshoe drive. [applause] ♪ ♪

>> ladies and gentlemen, secretary george shultz and chief of protocol, charlotte schulz, the honorees. [applause] >> thank you, distinguished guests, my fellow board members. nancy and i would call this a wow day, and it is a wonderful day. i was sitting here thinking that from my home town, mineola, texas, for willie, and board of texas, for me, i do not know whether they would have named a street for us there or not, but there would have been a problem

because in both of those towns, there is only one street, and it has already been named main street. it is breathtaking to think that a street here is named for george and myself. coming in on the carriage, i rather like that. the surprise is i guess that they are giving us the carriage and horses? i cannot wait to arrive at the opera. mayor, do you think we should get some permits for the horse and carriage on russian hill? i don't know. seriously, everybody knows that has ever talk to me more than a few minutes that i am passionate about these buildings. i have had the opportunity of being involved with the bond issues for the symphony hall, the restoration of the opera house, and, of course, the city hall, may gift -- helping mayer brown with that a bit -- helping

mayor brown. it was said that the only thing that was not done when these buildings were built is the memorial for veterans because we ran out of money. have you all heard about that before? what happened is that writing in not on a carriage but on a charger was mike and wilkes little group because they came in leading the charge to raise the money for this memorial, so they are certainly to be commended. and then to go out and get their army of people for money and, most particularly [no audio] and by the way, happy birthday, steve. it is his birthday today. [applause] it is a great honor to know that

that memorial that will be here and this horseshoe drive will put its arms around a wonderful memorial for veterans who i know that we respect so much and admire so much, and this is a long-awaited, and we are so happy to be part of it. so, may i present my veterans, my marine, my secretary, george shultz. [applause] >> i want to second of all of the banks that charlotte has talked about. -- the thanks that charlotte has talked about. most importantly, my great friend, steve. we have been pals for a long, long time, and i cannot tell you anybody i respect more and look to as a genuine friend. . [applause]

i'm wearing a tie that ronald reagan gave me back in the primary days in 1979-1980, and it has a nonpartisan cinnamon on it. it says, "democracy is not a spectator sport." -- it has a non partisan sentiment on it. so get in. i have always felt that public service is a great privilege and a great opportunity, but no one serves more than the veterans served in the armed forces. particularly veterans who served in combat. so i think it is so necessary and so inappropriate to finally have this special memorial here in this place. in northern california area, there are more veterans than in 48 of the 50 states.

so this is hallowed ground for veterans, right around here, and i think that adds to the appropriateness of this place. but look at the setting. city hall. symbolizes the idea of government by free people. government representing, giving us governance on the basis of that representation. that is the idea we go out and fight for. and the veterans building there. and then in this setting where if you listen closely, you can hear the wonderful, soaring music of the symphony. you can hear the arias and the opera and the grace and beauty of our ballet. in this wonderful performing

arts, it gives us the soul of the treaty to the veterans, and it says that we respect you. we love you, and we thank you, so as a veteran myself, particularly if you have been in combat, you know how close you are, i want to say on my own behalf, thank you. [applause] >> there are two or three people that we need to identify, george and charlotte, because they are here as part of the honor group, but they hold title. sheriff hennesey, just appointed

by the mayor to run the department, she is here, first female sheriff of our city. greg sur, the police chief. as supervisor eric mar, who comes from the second super of the soil district -- no, first supervisial --supervisorial district. i want to thank each and every one of you on behalf of the board of trustees of the war memorial opera house board, and, of course, on behalf of the mayor of the city. all of you taking part in the ceremony, it is really important to say job well done to two very important people. now, we invite you to join charlotte and george in the

lobby of the opera house. we will continue the drinking that started at 4:30 this afternoon. [laughter] the reception is inside. please join us in the opera house for a reception honoring and celebrating this momentous occasion. thank you very much for coming. [applause]