and just to get our bearings, obviously, the last presentation you guys are familiar with crane cove park you can see not complete yet but almost complete crane cove park on the right side of the photo. the shipyard is a big place. the approximate area is the area in the green square, which we will take a closer look at in a couple slides after we get into some of the deal terms which are on the next slide, please. so the base proposal would be -- we have been calling this silverado shipyard pilot program, because it is very much a pilot program. and silverado is hoping to use this lease to explore new maritime business operation at the shipyard of small water craft removal and disposal. silverado is proposing a lease of 51,000-square-foot vacant area of the shipyard, including paved land, unpaved land, submerged land, and a non-exclusive use of a boat ramp. it would be for a two-year term and we're going to include tenant improvements that were estimated to be approximately $400,000 in value. mainly consisting of the removal and disposal of large pieces of debris, including large pieces