injured 64 square feet of space under a permit that the airport reworded to cathay pacific airways, the airport would continue to receive the same annual rent for the duration of the lease. there is no additional rent here. it is just going from rent being paid under the permit to rent being paid under this proposed modified lease if you approve this modification. under the airport's breakeven policy, this release modification would not have a direct physical impact on the airport. we do recommend that you approve this resolution. supervisor chu: thank you. let's open this up for public comment. any members of the public wish to speak? seeing none, public comment is closed. given that we do not have any other questions, can we take this item without objection? ok, we will move this item forward with recommendations. item three, please. >> hearing to consider release of reserved funds, port commission, the amount of $17,907,635 to fund the pier 27 mixed use cruise terminal project. supervisor chu: thank you very much. we have a member of the court with us. >> good morning. the port o

cathay pacific airways currently leases 2,616 square feet of the exclusive use space and 631,000 square feet of a joint use common use space in the international terminal. the proposed modification would allow for an additional 5664 square feet of exclusive space so that the airline can build a passenger lounge at their sole expense. improvements associated are estimated to be approximately $2 million to be paid for by the airline. this carries an additional annual rent to the airport of

and authoress in the execution of modification number one of the lease and use agreement with cathay pacific airways for lounge space in the international terminal of the airport. president chiu: without objection. >> item 17 authorizes the release of 1316 mission st., suite 401, for the department of public health. supervisor kim: i would like to make a technical amendment on behalf of the real-estate department to note the landlord's name in the title of the resolution. i have passed out copies of the amendment. president chiu: seconded by supervisor chu. without objection. if we can take the underlying resolution as amended, same house, same call. without objection. >> item 18, authorizing an increase in the assessor- recorder picked base fee for recording and indexing the first page of every instrument or notice from $4 to $10. president chiu: adopted. >> item 19, approving the amendment of a lease between the city and proxy development for the property on the northeast corner of octavia boulevard and fell street. item 20, approving the amendment of the sublease of a property with san fr