the cellar, 3rd and evans llc is controled by the among other things family who owned-and-operated morgan company on the site in 1978 and then leased are the property after those business operations cease ed the negotiated purchase price in the agreement [pr-u/] today is $15 million. the appraised value is $16 million. that value is predicated on an assumption that really all of the value of this property is in the land. it happens to have contributory interim use improvements. they are actually ideally situated for the sf pc use. on the overhead i have a list of the comparable sale used by the independent appraisal for this property, ranging from $49 a square foot for over $100 a square foot in land. you can see they are very close by. hooper evans, newhall, oyster and 7 [*-fpbl/] street are [kpa-eurblg/]s. warehouse and office situation meets the needs quite well of the sfpuc so we can co-locate the staff, the equipment and the vehicles from several other locations into this one complex that is going to provide a much greater efficiency of operations for the sfpuc's wastewater enterpris