. >> thank you, chair cohen, kathy widener with the san francisco airport.the airport is seeking your approval on a series of lease amendments and in this case four leases in our terminal 3 boarding area f. but the proposed lease amendments between the airport and the bay area restaurant group operating as gordon birsh and the yankee pier, in motion entertainment and gotham enterprises as pete's coffee and tea will allow for the continuation of retail and food and beverage options for airport passengers in terminal 3, boarding area f, while the construction takes place to renovate the pier. with the proposed extensions the airport would receive $1.6 million in combined minimum annual guarantee rent from the four tenants. all four tenants have currently been paying on the higher percentage rent formula and that is anticipated to continue through the proposed lease terms. the budget analyst has reviewed the lease amendments and makes recommendations to approve after amending the legislation for retroactivity and to make some clerical changes to the mag amounts

kathy widener will discuss item one and we have john newman who is an attorney at law from the newman group who is here to assist with any other questions. mr. newman, where are you? good morning and welcome. miss widener? >> good morning. the item before you is a proposed new five-year professional services contract to oversee the parking operations and management at sfo with new south parking. the item was before you last week and it was continued while we looked into some location headquarters just to make sure that or to clarify that the companies involved in this partnership are not headquartered in any prohibited states. i can confirm today that new south parking is a general partnership, comprised of two partners. the majority partner is s.p. plus corporation, it's a delaware corporation who is headquartered in chicago, illinois. and the other partner is global parking systems. which is a louisiana limited liability company with its headquarters in new orleans. neither of those states is prohibited through the 12 acts ordinance. and i also just want to point out that it was bro