. >> good afternoon, jay edwards, senior property manager, i am here today to present an informational presentation on the pier one, energy efficientcy and solar upgrades. it is prologises through the allc it is the port sublandlord as well as a tenant in the project too. >> i am going to give you a project overview and then i would also like to ask for permission to introdchin of the francisco environment to be repaid through the special tax assessment against the specific parcel over a 20-year term. the port must opt into the special tax district, however the special taxes are secured by the tenant's leasehold interest. >> port in return would pay its prorated share of the special taxes which is approximately 35 percent, and that was derived by the amount of space that the port occupies as compared to the project over all. which are estimated to be approximately $100,000 annually. >> the sublease agreement, between the port and prologis provides for the reimbursement of the taxes leveed against the tenants especially to reduce the operating expenses. >> the project sponsor through th