jay edwards. thank you. >> good morning, supervisors. jay edwards issue senior property manager, port of san francisco. i'm here today to give you a brief presentation on the ports findings here for the lease -- for the boudin properties at 160 jefferson street for two 10-year extension options. boudin has been an anchor tenant of the fisherman's wharf community here since 2003 when they built a flagship bakery, cafÉ, restaurant and market hall. and they've been a very productive tenant for the port and we through a lot of discussions here wanted to enter into an extension to keep that relationship going for the foreseeable future until 2065. and so as you can see they have averaged in 2016, they generate $27 million in sales and pay the port $1.6 million in rent. so in going through this potential lease extension, we determined that it does meet the port's two policies in regards to extensions. one is a tenant in good standing and it meets the retail leasing policy. that policy really allows the port to enter into these extensions provi

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