andre-boudin bakeries. however, it is only after they have competely exhausted their insurance. in no event will any claim that the port pays exceed $100,000 and in one year exceed $300,000. the lease does require andre-boudin bakeries to maintain a inter13 million excess liability policy -- a $13 million excess liability policy. we feel confident in that. it was approved by the port's risk manager, so we feel confident there. if i can speak to the retail leasing policy. there are four criteria. tenants must be in good standing. tenant is committed to making a significant investment in port property, and they have a term that is insufficient to allow them to amortize this improvement. it is in the best economic interests of the port, and the tenant has a good record of non-discrimination in hiring and retail practices. we have determined that andre-boudin bakeries does meet the criteria in the leasing policy. andre-boudin bakeries is a ten and in good standing. they are on a month-to-month term, and this current lack of term does not allow them to execute their business plan, which entails them making a significance investment into port property. in exchange for this investment, the port will offer a sole source business opportunity. there are no other represent credits outside of the six-month construction period that the port is offering. there are substantial and quantity final benefits to direct negotiations with andre-boudin bakeries. they have good will in the community. they are willing to make a significant investment during a predetermined time period. they also have been successful in the restaurant-rich fisherman's wharf and of course committed to nondiscrimination in hiring and its retail practices. the existing lease again is month to month. the monthly rent is $2501 .36. the new proposed lease is a 225% increase in