the closureec total 11 ten ants.y who have been with the port for a decad leases are month to month. can be wh 30-days written notice. the port required to pay relocations costs. the pier is not being closed for a development project. due to dilapidated condition of the pier rents relative to other locations and substantially lesurrent parameter for similar size space. for tenants looking to relocate this will create a port staff is proposing a rentalst program. delaying rent increases allowing the higher rent or additional time tosewhere at a rental rate sustainable for theiroperations. so to participate in this program good standing. the space be for the same use. someone can't have office space and thenid they want to do something else inste tenants looking to direct deals with the port also. tenants will be given a five year leaps this. with four one-year one year lease with four one year optio a total five years. first year of the new lease for square foot is the same under the existing lease. would increase 5%.