updike, welcome back to our budget committee, thanks for being here. >> thank you, chair farrell. john up dike. >> this is a lease for the department of environmental health action at fox plaza. and it is an expansion as well as a give back of some premises which is a net increase in space, but a fairly modest one taking us from.25,937 to 27,726 this is to accommodate the growth in the weights and measures areas that have occurred over the years. the suites to be leased are on the second, fourth, and 8th and ninth floors as well as storage spaces. the lease rate as negotiated here before you is just under 36 dollars per square foot per year, it is fixed for the five year term. so we find this to be advantageous rate for the city and locked in until november 30th of 2018. the lease also contains one five-year option for renewal, which could take us out to 2023, that is subject to negotiations at 95 percent of the fair market rent and that needs to return to the board of supervisors for approval. and so the only issue now is the five-year lease. as noted in the budget analyst report, the