this money would be expended by the lee c. -- leasee, subject to the approval of the city. we have a $1.7 billion deferred maintenance need. i think we can agree that when we are looking at how we can eliminate those deferred maintenance needs, we should be prioritizing recreation centers, pools, and other facilities in our -- that serve as our most needy populations. this fund is a mechanism by which we ensure that not only after the improvements are complete, but 20 years from now when the lease is complete, that building will be in good condition. we won't be in a condition right now where we have someone on a month-to-month lease and is not making the improvements that perhaps the boathouse deserves. another benefit of the lease along those lines is beginning in year four, they would place 1.5% of all revenues into a personal property fund. this money would not be controlled by the city. it would be expended at their discretion. it would be dedicated to the purchase of new boats, equipment, furniture, and other personal property equipment at the site. it will result in

in that case, what the lease provides is that we would essentially work with the city and the of leasee would work with each other to develop an improvement plan. we do believe that the idea of landmarking the interior of the boat house is one that, while we strongly feel is something that should be maintained, the exterior, this idea of maintaining the use rather than the physical attributes of the building is one that department staff would like to have an extended conversation with hpc about. if the interior and exterior of the building were ultimately landmarks, we would work with aleasee to develop an appropriate plan. that plan would come back to this policy body for their approval. commissioner lee: i suspect the lease would be changed in that case, given the revenues from the cafe would not be existent, in that case. >> we -- i think that point, there would be a need to potentially amend the lease. i think we should note that there are not very many examples of a use itself being landmarked here in san francisco. that is what we would be talking about, preserving the use of the