. ♪ >>> lined with luxury homes on one side and the ocean on the other, bayshore boulevard is one ofest drives there is in tampa, florida. it's also the location of a high-profile crime that captivated the city. the offender is currently in the hillsborough county jail. >> in the press, i'm bayshore rapist, because it happened on bayshore boulevard. five days ago, i was convicted. i didn't think i was going to be convicted. >> luis harris is awaiting sentencing after being found guilty by a jury on all counts of sexual battery, kidnapping, impersonating a police officer, grand theft, and fraudulent use of credit cards. >> the defendant is guilty of sexual battery as charged. the defendant is guilty of kidnapping as charged. >> i felt weak at my knees. i started crying. i became very emotional. i stopped paying attention to the rest of the verdict that was being read, once the first guilty verdict came back. i already knew what was going to be there after. >> prosecutors say six months earlier, harris, who once attended a police academy, posed as an undercover cop and pulled over a wo

>>the clerk: resolution authorizing lease of 255,420 rentable square feet at bayshore boulevard, daly city, california from prolog *f sl.p. for a 20-year term plus two five-year extensions at rent of $2,449,642 with annual increases for san francisco municipal transportation agency's towed car operations and other services. >> for this we have ed with the mta and sinaly. >> good afternoon, ed riskos, transportation director. i want to thank you for shuffling the agenda to accommodate this item, which is of great importance to the agency, which is why i wanted to be here so you could hear from my firsthand about it. what is before you is a resolution that would approve a leaswe have been seeing quite sometime that would solve a number of challenges we are currently facing. therefore it is very important to the agency. we have a wide array of assets in the mta across the city that we use to operator all the modes of transit that we operator, or transportation that we're responsible for, the lion's share which of course is muni. because of the diversity and age and condition of the asset

property with 255, 420 rentable square feet of warehouse, office and parking lot space at 2650 bayshore boulevard, daly city, california from prologis for a 20 year term plus two five-year extension options at an initial annual base rent of 2 million 449 thousand 642 with annual increases. >> this was an item that was wfr the committee last week and we continued it to have a few questions answered today. >> thank you, good morning, chairperson chu, members of the committee, thank you for hearing this item and for the skej july adjustment. you had raised a number of questions at the last meeting, we quickly put together a letter that we sent out on friday, while we got it out quickly, between friday and today, you haven't had a whole lot of free time to look at it, but i'm happy to address any of the specific items that we intended to cover in that letter that we hope were responsive to the issues that you raised. i do want to -- i'm happy to have staff walk through it if you would like. i'm joined with my real estate manager here, we have folks from auto return and one of our brokers here. i do w

whether it's vernal heights and other parts around bayshore boulevard area. so i think that raises another set of concerns that i hadn't really thought about. let me say that i want to thank the chair of the budget committee for the fact that there was a very, i think, substantive discussion of this item. and i know that a lot of work went into it and i understand why some of my colleagues will be supporting this lease. i just want to briefly note that i will not be supporting the lease. for a number of reasons and i make my comments with the caveat that i recognize that a lot of work has gone into this. and i appreciate the work that the mta staff has done. i personally just think that there is still a possibility that this city and maybe not just a possibility, but more than that that the city could actually get a better deal. what we're talking about is a property that at some point was bought for about $21 million. if the city had bought the property, even if you finance the purchase, you are talking about spending about $35 million to do that. and yet, w

such rental costs of 70.2 million exceed the purchase price of 2650 bayshore boulevard, or the price including interest to purchase other comparable properties. they told us they looked at other comparable property. that price exceeds by 34.1 million. so we are talking -- we are looking at a 94.5% more to rent this property than to acquire it. we understand the statement by mr. risken that they were not able to move fast enough. the proposed rent requires 3% annual increases which, to me, is reasonable. there is an additional 4% increase in addition to the 3% every year. over 30-year term including the five-year term they would pay the 4% extra every five years. regarding additional 4% increase when we asked her about it she stated sfmta had limited leverage because of theser competing tenants and therefore had to accept the additional 4%. however we asked ms. bose to provide the names of the competing tenants, she did not do so. the proposed lease results in a three-month overlap, as mr. risken indicated, whereas sfmta must pay the rent at pier 70 as well as the proposed daly city s