and in conjunction with that, we will have and we have had conversations with bcdc and the state land staff with regards to maximum public feasible access as well as with trust consistency. so, let me introduce you first to michael [speaker not understood] and then amy [speaker not understood] of tmg. they will describe how they will make the pier 38 bulkhead improvements and bring this port asset back to economic use. and then following that jeff bauer of staff will present an overview of lease term. so, i give it to michael. there you are. >> hello, everybody, executive director moore, president katz and commissioners. we are pleased to be back here. john described a little bit of where we are. it's been an interesting couple of years as i think all your projects are. this is a complicated port lease structure so we've been working on it really hard. we think we made great progress and we think we're ready to sign a lease. it's been an effort to try to get the goals of the commission which included things like reactivating the pier, making things happen that were exciting. we apprec

we have to get the lease approved, state land wrapped up, bcdc approval. we have to get our permits. so, as you all know, that takes time, but we would hope that by next fall we would have tenants in place. >> and are you in negotiation with some prospective tenants now or you're waiting? >> we are in discussions now. >> and at what point would you be able to disclose so we have a sense whatv kind of tenants are coming in? >> i think after those leases are signed. >> prospective lessees you would have a lease first before they could conclude anything with you. >> i just want to clarify [speaker not understood] on the cmd growth. the lease doesn't have a cmd goal under the administrative code, but the port commission does and that is correct, we are discussing that. your feedback discussion begin at the bought many of page 6 of the staff report. so, i just want to clarify. the city's official contract monitoring division, cmd will not be setting the goal, but the port staff will be negotiating a goal. is that responsive, commissioner? >> thank you. i had a