i believe we have jason a. gallagos, manager strategic real estate, sfmta. >> that is correct. thank you. so i'm going to run through this as quickly as possible. the two items for consideration today are one, a lease termination agreement with the current tenant, tad's, inc. and on top of that, a new lease agreement with tad's, inc. tad leases 5368 square feet of retail space and operated as a business and as a restaurant at 44 ellis street and other locations in san francisco. this one in particular is ellis garage. the garage is owned by the city and under the direction of the city, built in 1965, 3 commercial retail spaces, one # 1,000 square feet. when it comes to the current lease, approved by the board of supervisors on march 1, 2015. tad's assumed the lease in 2017 as part of a business accusation. now the original lease has a ten-year term, and six years remain on that lease. in addition, there are rent credits which are incorporating lease for tenant improvements. those and at option, if you will, was never exercised, utilized by our past and current tenants. the initi