a term to look at a useful life of all the components so that's what the term is, tabt useful life of components and addressing that piece. >> once the gift is given to us the port can do what it wants to it. it can turn off the sound if it needs to when in's a cruise ship visitors in or have the components featured differently, but for the life of it the port can do what it wants because it's an unconditional gift. >> it has a 20 year life span or i'm wondering after 20 years will the port be responsible with the upkeep and will we continue to make it relevant. the >> is port isn't obligated to maintain it in the state that it's given, but the committee has formed a [inaudible] and they're going to continue to fund raise to keep it up to date and keep it current. >> great, thank you. >> i want to say i'm very proud of the committee for all their hard work. jimmy herman was a true working hero. he wasn't a bureaucrat. he had a third grade education, grew up in the streets of newark, new jersey. he went to sea as a young man, was a cook on the ships, and it's amazing he used to lecture college kids. he thought them what common sense was, taught them what social j

installation of the cable along the bay floor does create some limitations on port use in this area. it's not an area we've dredged in the past. we spent a lot of time talking with maritime division about the depths of the bay, and they do not dredge in these areas so as part of this license we would be limited from penetrating the bay mud in the area of the cable project or permitting lateral crossings. in the area north of piers 30, 32, we'd have to get pge's permission to install piles along the pier to enable maritime uses. we do contemplate in the license agreement situations where the city and port would have to construct a major project and [inaudible] removal or relocation of the [inaudible] 1 line, but only after we jointly look at whether there's a way to design the city's project in a way that could avoid that relocation. and then i'm going to go into a little bit more detail, condition of the liensz is that they actually screen or enclose theotrero based on pge's benefit out of the project is $4.2 million based on the actual cost of the equipment. separate and apart from t

the walls would be something we would consider as improvement to the port's asset, but the customized kitchen has no resale value to us afterwards. one of the things important to note in the non parameters as they come to you is that oftentimes we are bringing you a transaction that changes the use from storage to whatever else it is. in the case of the parameters, by definition the use is remaining the same so the are carpeting and painting and maybe some minor upgrades to the asset itself, but nothing as dramatic as converting storage space into office space or something like that. so we get into that second realm of non parameter. as you know we have a of uses. >> all right. >> sorry to steal your thunder. >> thank you. >> that is helpful to know and i guess we're trying to understand more and more how we -- because obviously this is the primary source of revenue for the port, to understand the factors we're considering and how we're being competitive and make sure we're also keeping up with how the market operates and thinking about -- and my question which you tried to answer in your slides? in terms of the amoun

the foot of portrero. there are a lot of uses that got a switch yard that aligns in red with an open switch yard and they have an industrial use for dirt recycling near the ports property. we have done something about those uses that would house mixed use development on the east shoreline. this is an open to the east bay station is what you have in the industrial areas. you will note in mixed use neighborhoods these types of facilities are enclosed. in terms of the license terms between the port and pg & e they will be licensing for submerging property for a 26 -year option. they will be paying the port $23 million between now and january 2015 the system would have the right to relocate the line subject to certain conditions. i showed you that switch yard, the open air switch yard, the city would have the right to prefer to be screened or encloseded in the building. we'll work with the planning department. this is a major investment. you will see from the left here some examples of the utility streeng and on the right you see what a station looks like. much better for development. in terms of the option agreement, the dirt recycling facility on three 3 acres n

the italian port. more than 700 containers carrying mustard gas and components of sarin loaded on trains. to use the commercial port in the handling of deadly agents used in chemical warfare is certainly unusual, but even more unusual how close the operation was to a highly populated residential area. >> reporter: residents of the neighboring town woke up at dawn to watch the ship arriving. many lost their sleep over the unusual cargo. >> we're very worried. they do what they want. we have no say. this was decided from above and there is nothing we can do. >> i don't feel safe. this kind of thing doesn't happen every day. i'm afraid that something might happen. >> residents complained they were kept in the dark over the details of the operation. among them, the town's mayor. >> they didn't allow us to follow the operation and live streaming as they promised, something that would have reassured the population. that's a total lack of respect to us. >> the transfer will continue in the early hours of thursday. until then locals will wait impatiently until the ship sets sail for international waters

uses as well. it did not move forward the developers ultimately left that project because of a number of project problems. and for a time, the port had been proposing or moving forward with a cruise terminal project down in the south beach area at piers 30-32. that project which was part of a mixed use development project down at 30-32 also did not go forward. the developer walked away from that because of the cost of retrofit to the pier. and with that, the port school program for trying to find an appropriate place for the location of a modern cruise terminal, sort of went out the window for pier 30-32. the port then convened -- actually, mayor gavin newsom convened a blue ribbon committee to look at where else the cruise terminal could go and they looked at pier 27 and that's how we ended up moving the james r. herman cruise terminal project from pier 30/32 up to pier 27. and the park was still it grated into that cruise terminal project. so, at the time that the active recreation use development opportunity was being considered for pier 27-29, one of the big draws for that use was the formal pier 27 shed, the large shed. it w

ports the resulted about $2 billion loss california's fruits and vegetables for example, ship overseas from west coast ports. any delay, would mean rotting food and lost sales. part of the frustration for us, is there's a media blackout, so it is hard to get a sense of how the negotiations are going, but the observes say very unlikely. all right, in drought stricken california people with water to spare are cashing in. water districts and landowners are auctioning off their private water supplies and some are making millions. economists say it has been a decade since the market was this hot. water prizes have grown to as much as $2,200 per acre foot. and earlier today, i spoke with syria wolf she is a second is generation farmer and i asked her how dramatic the price increases have been. >> prices normally for our water supply are around the $100 merchandise acre foot range. and this year we are in price ranges more around $1,000 to 2,000-dollar level. no mt. problems can can sustain that. where you see the prices -- people paying those is when they have a crop that they can't take out like an all monday orchard that can't be removed or pistachios or grapes. things that are permanently in

nonconforming use in, it makes automotive use consistent and deletes reference to deleted sections in the code. and finally the grand jury issued a report entitled the port of san francisco caught between public trust and private dollars on june 24th, the jury investigated whether there were -- our other options for the use and development of port property that better meets the desires and needs of the city's residents and if there is sufficient public input to meet public trust requirements, the report makes ten recommendation and is the planning department is asked to respond to four recommendations. we are required to respond within 60 days and we anticipate responding in mid august and that concludes my report. thank you. >> commissioner antbacker antonini. >> thank you for your report. i got a question on the proposed legislation by supervisor kim and pdr, pdr in twro districts regarding office conversionser. part of eastern neighborhoods which i assume includes those districts too allows for legalization of existing office units, office uses and i'm not sure, is this consistent with this or how is this different than what we already have in eastern

port owners are negotiating over a new contract. retrailers across the country are worried about a potential work stoppage. m -- melissa chan joins use port in oakland. melissa? >> a strike is very unlikely. the unions and ports are talking, but of course retailers, manufacturers they are always worrying, right? they are thinking of plan b plan c plan d. they have to come up with a contingency plan. it may be july but the need arises to line shelves this holiday season. >> west ports have a tremendous impact to the u.s. economy. the port of oakland is the fifth busiest in this the united states, and the third busiest on the west coast. >> reporter: but all of that activity could come a grinding halt. >> they have a great deal of power. they can shut down the entire west coast and really exert a great deal of economic pressure. this is why the united states government through the attorney general has intervened in past labor disputes of this kind. in 1971 and in 2002. >> reporter: long shoremen can make anywhere from 25 to $40 an hour, plus overtime and bonuses, though the bigger sticking point in current negotiations is healthcare.

the italian port. more than 70 containers were unloaded slowly and carefully and loaded to the american vessel docked nearby. the use of a commercial port in the handling of deady agents using chemical warfare is unusual and more unusual is how close the operation was to a highly populated residential heir. -- area. >> residents wake up at dawn to watch the ship arriving, many losing sleep over the cargo. >> we are very worried. they do what they want. we have no say. nothing we can do. >> i don't feel safe. this kind of thing doesn't happen every day. i'm afraid something will happen. >> residents complained they were kept in the dark over the details of the operation. among them the town's mayor. >> they didn't allow us to follow the operation and live streaming as they promised that would are assure the population. that is a total lack of respect to us. >> the transfer of the dangerous cargo is continuing until the early hours of thursday. until then, locals are waiting inpatiently until the ship sets ashore to the international waters where the chemicals will be destroyed. >> how dangerous is all of this? that i

also contains customary releases and waivers for the committees and artist rights to allow the port unrestricted useor the tribute. in order to accept this there is a process. it has an estimated value of 250,000. this includes the gift for installation and replacement parts for a 20 year period. this subject to acceptance under the board of supervisors under the city's administrative code. todz i am seeking the commission's acknowledge of this gift and approval of the gift agreement that is attached to the staff report. with the commissions acknowledge of this tribute gift, it can be presented to the board of supervisors. so the next steps are presenting this to the board of supervisors and then the artist, the floating point commitment submits [inaudible] approve this building permit once the city accepts is gift. and assuming and 85 day installation and fabrication period, we can have this tribute inside of the cruise terminal by this october. and the audience today is the chair of the james james r. herman memorial committee and shawn farly would like to make some remarks now about james r. herm

will be joined by john ram for his annual appearance before the port commission which was a new business item that the commissioners gave us the last time mr. ram was here. i do want to make a change to the forward calendar in that we are going to have our off-site meeting at the southeast community center on oakdale and we think that's a better meeting to do our blue greenway item because that will really speak to the community. we propose to move the blue greenway item to september 9 to september 23rd and move the kerress item forward so just a flip-flop there. in terms of new business today, the only thing, the instruction we talked about already was to take some feedback back to the sf adopt committee to add the periodic reporting to the mayor and the board of supervisors. so, if i missed something, please correct me, but that's -- >> [speaker not understood]. >> on the sea level rise, yeah. >> and then -- thank you. i briefly touched on this with executive director [speaker not understood], but again it was what i did with my summer vacation. that let me get out of the country again. but in france they have something

he bought into what new york governors had done, and they were using the port authority as a big piggyatever financial reasons they may want to use it for, big projects, avoid tax hikes, you name it. that's all the portd authority has been for about the last 25 years or so. and from that standpoint, the only way you're going to get reform in my opinion is to divorce the 12 board of director members, governors of it, commissioners, from being direct appointees of the two governors. new york gets six appointees to the commission and new jersey gets six appointees, no matter who the governor is. if you're an appointee of the governor and you serve at the pleasure of the governor, what are you going to do? you're going to do what the governor tells you. steve, you, sir, can be a port authority commissioner. >> i've seen the benefits that come with that. i wouldn't mind working there. let me ask you, the other sfaz of this, this coming week was supposed to be originally another hearing new jersey legislative committee looking into it. the new witness the head of the after floor reese unit.

judge greer and the us judicial system corrupt which takes a lot of nerve especially coming from a country that has no problem trampling on property rights now i'm not saying that the us ports have any real right to force argentina to pay its holdouts but argentina's argument for failing to negotiate is flimsy at best and i mean very best argentina says that the amount owed is too arduous and that it would have to slash its foreign exchange reserves however the country recently settled some sixteen billion dollars in claims with repsol and the paris club of creditors with little impact on reserves by issuing new bonds or stretching out payments so here's the question what's the best case scenario sadly i don't think that there is a best case scenario here but we'll have to wait and see what happens tomorrow. puerto rico has been facing some serious fiscal problems to to the point that they've been considering legalizing marijuana and prostitution yeah that's on the list of possibilities but to get an update on puerto rico's finances in the state of new knee land i spoke to kate long kate is an expert on the municipal bond market and the founder of the puerto rico clearingho

the port of san francisco. we really appreciated the effort that they went to, the professionalism in working with us. they started through volumes and volume of documents both of the port and otherwise. ~ scoured through and they presented their two reports. with respect to the report titled the port of san francisco caught between public trusts and private dollars, the port is obviously the lead focal point of that report. pursuant to the code, we will provide a response to that report no later than august the 19th to the presiding judge of the superior court with a copy of the response going to the board of supervisors. it's my understanding that the board of supervisors typically is not obligated to, but typically does call a hearing to then discuss the finding of the civil grad jury and the response of the city to those findings ~. thereafter the controller's office monitors the progress of the departments and adhering to the findings. with respect to that particular report, the grand jury made 11 findings and recommendations. they've asked for responses from numerous city agencies, including the

the waterfront does the sidewalk is unique it is designated as a multi use path so the bicyclists and he pedestrians are allowed to use the path while this may have worked well, the port has made it clear had are safety and comfortable issues would the road and the promenade. it's to popular that the experience what about degraded and out right dangerous large sections of the route have been identified from our walk first initiative where that initiative illustrated on on 6 percent of the streets it accounts for 60 percent of pedestrian injuries and also appears on the high circling as well projected growth are expected to bring nor visits to the street illustrating the need to address these issues i've identified. what are the goals of the project. one is to make the embarcadero contestant autonomy people on foot but trivia and take transit we want to improve the access for the workers and visitors we want to improve the efficient byecy by better managing the curve activities and support the accommodated employment growth. maintain and enhance the high quality of urban design from embarcadero and integrate any transportation improvements will as a result of this impr

the first million dollars gave us the ability to port the app available on the ipad and kindle to the for basis of product for classrooms so that teachers can use the reading rainbow at the point of purchase. beyond that, universal access. we have nailed it down with the $6.4 million raised via kickstarter. android ask every day, when it's coming to android. done. set top boxes, roku, and the like. >> wow. >> done. gaming consoles. mobile. hand held devices. so we're really going to be able to bring it to every child everywhere. that's what the campaign was all about. >> we talked about this the last time we saw each other. the fact you did go to big comp rations and there was very little interest and that's what put you in the position to go to kickstarter and look for those willing to support the plan. >> and what a wonderful result that, you know, that came of that. look. i made it really clear to the venture capital community from the very beginning i was building something that i wanted to last. i wasn't in it to flip it. and that's a strategy that, you know, just does not necess

the one that explained it to us. this contractor has done a lot of work for the port and i'm not picking on them particularly, but i just want to know from a process standpoint that we actually checked out, that there were no issues either with us or with any other city agency so that while we followed this little -- the responsive lowest bid, we want to make sure that it's quality and we don't find out that we have change orders later or that there are some other issues that come up that we then have to resolve, which we know is painful. >> elaine forbes again. my apology if i misled you. we're not yet instituting the check performance. this is a proposal that the controller's office has put forward based on an audit that looked at best practices in other jurisdictions that said looking at prior performance of contractors is the preferred method with bidding new work. however, the city is in the process of reviewing that audit and all the chapter 6 departments are working together to propose changes to chapter 6. the port has expressed our strong desire that prior performance be included as its growing criteria or as a

the port has also consistently rejected proposals from companies who are looking to use port property to export coal and in may, the policy committee of the commission on the environment adopted a resolution asking staff to work with the port to develop a policy. this resolution expresses the board of supervisors support for the collaborative efforts of these two departments and asks for them to bring forward to us a set of recommendations on how we can address the significant environmental issue. and finally, i have three in memoriam i'd like to introduce today. first is recognizing the life and times and contributions of ruth coalman who passed away last wednesday and miss coalman was the wife of the infamous doctor arthur coalman, who was the first african american physician in the bay view hunters point neighborhood she was excellent and dedicated mother as well as community member and she was known by many in the community and will be dearly missed. i'd like to uplift and recognize the life of mr. willy james howard. mr. howard recently passed away. he and his wife opened up wend

and as commissioner adams said, we are here for the port, the people of san francisco, and none of us -- we don't have any interest, we're not paid. we have no dog in these fights. we don't work for developers. we work for what we think is best for the city. thank you. >> and i again would just like to congratulate commissioner woo ho, katz and adams on their reappointment to the port commission. and i look forward to working with you guys for at least another three years. [laughter] >> so, the good times and the tough time. so, congratulations. >> thank you. >> thank you. (applause) >> [speaker not understood]. cover the next item. >> public comment? >> public comment? on commissioners' reports? seeing none, next item. >> items on the consent calendar, item 10 a., request approval to issue a request for proposals for an engineering services contract to complete an earthquake vulnerability assessment and retrofit alternatives study of the port's seawall. item 10 b, request authorization to issue a request for proposals for up to two youth employment services organizationses to adminis

character, his vision and his quiet courage have enabled him to chart a course for us, a safe port for us through theand the seas that encompass the world. and now that he is relieved of the almost super human burden may he rest in peace. >> my fellow americans, all i have i would given gladly not to be standing here today. >> johnson knows that the ship is sailing under a new continent but at the same time he can't be too anxious to assume power and he has to keep the kennedy people onboard with him. so that speech means everything. >> no words are strong enough to express our determination to continue the forward trust of america that he began. >> investigations into all the facts of these last four days may not be limited to the state of texas or the fbi. some congressmen already have suggested a congressional investigation. >> johnson realizes something has to be done. he realizes that he has to appoint a body that the public will respect to look into. >> the warren commission appointed friday night will investigate and make a report ott murder as yet it has said nothing about how it will proceed

split up in accordance with market regulations russia now has ten days to appeal the ports the situation one analyst told us the ruling is just another ball in the political games being played. it strikes me as a very political decision the west manages to create this illusion of play of rule of law and of steering this in the judicial process and this is the. mr holder code ski and he is he's have been found guilty not only in russian courts but is that guilty sentence for tax evasion and fraud which was upheld by the european court of human rights it is outrageous that anyone should imagine that russia is going to pay fifty billion dollars to these criminals. fos food giant mcdonald's has find itself on the battlefield but russian officials won't say again the federal consumer protection agency has lost out at the chain of restaurants after numerous violations were fine during checks. investigates precious consumer rights watch is definitely not love and hate and they cigarette drink is just one project in the firing line in may regional broncho frost but they're not sort of watched once to check on one o

used the opportunity. >> for the few gazans with foreign pass ports, this tunnel was the final mile and a half, the latch stretch ended israel away from airstrikes. >> we are ready to be home, very ready. >> i am so glad. so glad i am going home. >> the smalls u.n.-sponsored chance to flee gaza. >> you will feel a threat like something will hit you they live in a neighborhood that was bombarded. that was a few blocks where he stayed. >> can you tell me what you heard? she is too traumatized to answer. even with coaching from dad. . >> she is really was very, very scared. >> just this morning before we left, there was an airstrike like down the street from our house. >> the abahar sisters love visiting their extended family but they have seen too much war. >> we think of ourselves kind of as experts. we know the difference between what the navy shelling sounds like, what an f-16 sounds like, what an apache sounds like and that's not something i ever thought i would know the difference between or ever wanted to know the difference between. >> when your kids ask you what's happening, what do you tell them?

the port authority? >> scott, thank you so much for joining us. the vice chair of the port authority.e, today's bloomberg big number is $400,000. that is how much it would cost you to buy your own town in south dakota. the sole owner of a town called swett is putting the whole six acres up for grabs. $400,000 get to the land, a bar, a workshop, three trailers, and a single house. because he wants to focus on his traveling concession business and not running an entire town. bloomberg crunched the numbers today, we have a look at the odds that will make it out of this knockout round. stay "in the loop." ♪ treasurynow the u.s. secretary is speaking in washington. headlines have just broken out on u.s. china relations, a straight line of progress with a discussion being hosted by the u.s. china business council ahead of an event in beijing next week. what else is he going to say, right? you can watch it on our live event channel right now. today, more headlines, usa will in thef against belgium world cup. eric, what are our odds? >> there is a 20% chance that .he u.s. will be told him it

the spirit of that that makes it awkward. usually it's our parents who are setting it up and bringing us to the port resided studio.y're looking for that perfect family photo, for that photo they can hang over the mantel, the photo they can share with the neighbors and that captures the family in the perfect light. i think what we see in the awkward family photos is the imperfections. it could be the kids look miserable wimp we see a lot. it's that we're see that go kind of real family dynamic in a photo that we know, you know, the purpose of it was to capture the family in this kind of perfect light. i can think of one, you know, easter sunday photo we got of a family posing, you know, looking very formal but in the background, grandpa is down ago beer before going to church on easter sunday. there's something about that photo, just seeing the grandfather in the background that made that really viral and resonate with people. the website is a celebration of awkwardness. we're really careful about that and not making it a mean-spirited place. it really is a celebration, the idea that we love our families, but they