the greater amount of the represent is $10,000 or gross sales whichever is greater. there's a rent abatement period in which no rent is paid for the purpose of constructing the base believe core improvements. there's an annual percent of 3 percent to the annual rent. the tenant is responsible for all utilities and maintenance repair were we anticipate the lease improvements 41 to be about $2 million. there is a one-time tenant improvement credit for shelf improvements in the amount of $380,000. there's an option to extend and if this option the minimal rent would be adjusted.

there's a formula of the previous grow sales 80 percent of that not less than 3 percent. i'm hoping and requesting i approve this lease and a thank you very much any questions for port staff? why don't we move to our budget analysis report >> mr. chairman and members as on table 4 on page 36 the port projects that east street will pacing pay the rent of 2 hundred million and over the 15 term of the lease estimated revenues will be 1 hundred and or 2 million 59883 we recommend you approve this resolution. >> thank you, mr. rose colleagues any questions. >> okay. he we'll open this up

to public comment. seeing none, public comment is closed. colleagues can we move this forward without opposition. next amendment to go to the tax review board that inspire on january 1st, 2013, and i'm from the controllers office i'd like to introduce the controllers office the gentleman who do so all the taxes and entities >> excuse me. are you the city attorney. >> i just called 11. >> yeah. i think our city attorney is going to speak on

item 11 so why don't we hold off mr. whitaker. mr. city attorney. >> i'll be quick. the item 11 is just a pure clean up ordinance. john gibb in her from the city attorney's office. it's a clean up ordinance. a furious the board adopted an ordinance that eliminated the tax repeals board as of january 1st of this year and we're proposing this ordinance to clean up some code ordinances to that >> okay colleagues any questions. okay. we don't have a report on this and we'll open it up for public comment >> seeing none, public comment is closed. send item 11 to the full board.

mr. clerk >> item 12 providing revenue and levying property takes at 180 to the city and county of san francisco, san francisco you've had school districts and bay rapid transit districts at the rate of .088 zero pursuant to administrative code chapter 3637 for the fiscal year ending 2013. >> okay. mr. whitaker thanks for being here. >> i'll be brief i have a slide for the last 4 years the ordinance is about the tax levy

to establish .118 percent and it's per $100. proposition 13 passed by california voter no 1993 is property is assessed at the base rate. the bay area and bay area air quality districts for the fund for the bond account for the additional 1.84 levy above the taxation rate. it's based on an inflation rate.

for the typical folks in the prior fiscal year the assessed value infiltrates the property tax bill will be 2 hundred plus higher than last year. i'd like to acknowledge my colleague for preparing the clauktsz and i'm happy to answer any questions and a colleague any questions >> thank you, mr. rose for your report. >> mr. chairman we completely agree with the calculations we used a single-family residence of approximately seven hundred and 34 you thousand dollars and based on that amount instead of amount that the controller used

would be the same we recommended you approve the ordinance. >> at this point we'll open it up to public comment seeing none, public comment is closed. colleagues can i have a motion to send this to the full board >> mr. clerk any other business before us. that completes the agenda today. we are

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>> we are approving as many parks as we can, you have a value garden and not too many can claim that and you have an historic building that has been redone in a beautiful fashion and you have that beautiful outdoor ping-pong table and you have got the art commission involved and if you look at them, and we can particularly the gate as you came in, and that is extraordinary. and so these tiles, i am going to recommend that every park come and look at this park, because i think that the way that you have acknowledged donor iss really first class.

>> it is nice to come and play and we have been driving by for literally a year. >> it is kind of nice. >> all of the people that are here. ♪ >> i understand the mayor is on a tight schedule. i would like mr. mayor to come up, please and say a few words. thank you. >> thank you. officer monroe. good evening, everyone. this is a really happy occasion,

and i did when chief suhr notified me that this would be happ happening. i wanted to be sure i put in time to come before you for a brief moment and share my appreciation for the police force. to the commissioners and president mazzucco and the commission, and to the staff and awardees tonight. i know there is 41 of you out there with family and friends. but i want to say to the 2,000 sworn men and women in the san francisco police force. i am very proud of you, and as hard as i work, i know there are people that work harder than i, and i don't put my life on the line every day when i go out there.

but for a world-class city to have this status as one of the best cities to live in, and work in and visit. you have to have a police force that rises to world-class standards. and the san francisco police department is world-class standard. tonight with the recognition of the medals of valor, we continue, i think, a very important culture. a culture that is measured by the performance of its officers and those who tonight exceed that standard in every way. and you know, it's kind of hard for me to get to know everyone up to 2,000 officers that work in our police department. i do see the results though. and i don't think we could have landed the bid for the super bowl hosting 50 without a world class department. we could not have landed the

americus cup in san francisco, without the signaling of the best police department in the country. we could not have landed so many of these world-class events and continue the pride of being one of the fastest recovering cities in all of our country without a good police force. and so i made it a point tonight to come here and to let you know, i may not know each of the officers allegiance to your favorite baseball team or favorite football team or favorite basketball team. but i will before i am done. because i do know that we share in common the success of this city. i know that on a daily basis, whether you are walking the neighborhoods of south of market or tenderloin and bay-view or any number of neighborhoods, you are doing the best you can. you are looking out for people.

and i know that as the mayor of this city, we also got your back covered as well. because we don't have each other back's covered, we don't have the trust that we need to have to move forward in this city. i want to say thank you to each of the 2,000 men and women that serve in this police department. the commission. the commanding staff. the police officer's association that works closely with all of us as well. and not only thank you to all of you, but tonight for those who have earned the medal of valor. you know it's important to have these events because the particular event that caused the bravery to occur, are no longer on the front pages of our newspapers. but they are in our memories. in the men and women, the people you work alongside. the family and friends and

commissioners, they know who you are. and the rest of the city, 26,000 people that work for this city, we also know who has put themselves on the line to save others, to bring more efficiencies to the city, to bring pride and who you tutor, the kids, the extra time it takes to get at-risk youth to turn their heads. and to make a pause and suggest a better life. the extra hours that the officers put in, all of you, i see that every day. and i know there is results. in fact if you look at the numbers today, knock on wood -- we are still at the historic time of low homicides in the city, we want to keep it that way, we want to keep the success going. thank you for your mayor, i want you to know that i am a grateful mayor to this police force and to all the people that serve it. and tonight i celebrate with you

the recipients of the medals of valor to know that i appreciate the extra effort that its taken for you to get this award and recognition. i am proud of you, not only as officers and employees of the city. but proud of you being our city's heroes tonight. congratulations and thank you very much. [applause]

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