it's pulley over a little port city. it's also sort of in the mountains. he bottom of that is the water. so a little tiny rope of a water spout. and kind of cool. they don't happen too often in japan. but they can. and, of course, tornado or water spout is possible at any state in our union. okay. kind of neat. all right. for us, have a live look outside. it is our michael and son weather cam. kind of a chilly night. 38 already downtown. dew points in the upper 20s. winds have calmed down. pressure falling just a little bit. but still pretty high. 30.46 inches of mercury. if you have a barometer, it's a good time to set it because the pressure is pretty darn high. and the pressure gets dry in the fall and winter because the pressure is high. the air is denser. we have a weak system. it's just like a trough, if you will. it's not even up to cold front status. it stretches from western pa back into the valley. some high clouds will continue to roll in tonight and again tomorrow. so that's going to keep it a little cooler. good news, we have no winds to speak

conclude with a few words from the warriors who would like to talk a little bit about what this project really means for the city and for the port, and finally we willing asking to you extend some of the deadlines in the exclusive negotiating agreement to allow us to negotiate a comprehensive term sheet which we hope to bring to you by april of next year so with that as mentioned there was a advisory committee formed for the port and from that committee there are three tracks of workshops that have begun or soon to begin. we are doing transportation workshops to talk about challenges in the south beach, mission bay neighborhood, some of which are -- due to existing conditions and ones that are potentially created by the additional activity here. we are moving forward with neighborhood quality of life workshops to look at ways in which a permanent funding stream and free standing entity can be created to work with neighbors, merchants and stakeholders in the vicinity to address concerns around increased development and activities, and then we are about to embark on a design workshop for sea wall lot 330. while the design for the

it's been a little bit tricky figuring out how to handle this in the city. at no time will the port touch the money. it is a federal funding to assist us, but it only goes through federal agencies. the director of appropriations wound up with the department of defense. department of defense hoe the administering agency that does community projects, typically not this large, but they do do this kind of thing on the scale. once we got to this point, oea had a decision about how they -- who was going to execute it for them. and they tried hard to get mayor to take t. they talked to the coast guard. they looked at another agency that could grant it to the port directly and let us go out to bud. and after nine months, nobody wanted it. * bid we were fortunate to find a partner in the end in the united states navy. the salvage aerv of the navy which sits in naval sea systems command. it may be referred to in the staff report sue salve, supervisor for all salvage operations of the navy. the navy, then, in order to execute these funds has a previously competitively bid contract with titan s

that we really should think of enhancing the port's property since it is also the entrance that -- for city and anyone else will be using so that's my little speel. thank you. >> thank you. is there any further public comment? any comments from commissioners? >> brett, you didn't mention the public benefits? >> i apologize. i was rushing through the presentation. the port has a southern waterfront community benefit policy that this commission adopted -- actually with your help commissioner brandon. that policy requires that leases in the southern waterfront and this facility would fall in that area. have toate aside 8% of the revenue for public open space and other purposes described in the policy, and that contribution from this project is estimated at $50,000 a year and growing as the rent gross through the entire 40 year term of the lease so this project will throw off money to improve the southern waterfront area. we do also view the opportunity to acquire the ho down yard which is right next to irish hill as another benefit that can be brought to bear for the pier 70 project, and we will work in the ceqa processes to look at the impac

mattes will go over that a little more detail but that conceptual framework is published to this point to support the fiscal feasibility finding and with these projects the port and city staff will pursue policy approvals with a term sheet with fiscal approval. it was the staff's suggestion to separate the two and really the fiscal feasibility finding, again which jennifer will speak to, is necessary to start environmental review, and i think we're all aware of the aggressive schedule that this project is under taking, and we want to make sure at the staff level we are maximizing the time available for environmental review. that's a important component of this project so getting passed fiscal feasibility and starting environmental review with all of the inputs peter was just talk about is really going to maximize the public's opportunity to understand the project in all of its complexity. the next phase of the negotiation is really going to final liezing that term sheet and the term sheet will typically articulate all of the business terms of the transaction. we hope to bring that term sheet to the port commission and if approved by the port commission to the board of

port tomorrow at 5:00 to begin picketing there again. >>> and now a little good news. a lot of oakland residence are working to change the city's image as dangerous and crime ridden. they say it's a great place to visit and do business. as they show us, they have hired one prominent local to help tourists feel the love. >> you have heard the story. oaklanders know them all by heart. >> a lot of the violence. the gang stuff. some of the drug wars. >> when i told my friends that they don't know anything about it and they live in oakland, they think of guns. >> a lot of the perceptions are just that. and they want people to come in and experience it there and they are fans for life. >> reporter: that's the point of the new campaign by visit oakland. meant to highlight what's great about this city. the slogan, well, the writing is on the wall. >> oakland is to love it and to know it. >> reporter: and they say that it is obvious. casting the city with a bad reputation in a good life. >> and for everything that you would ever say negatively about oakland, i could show you ten positives. >> reporter: who better to help than the famous

city and port. there is then -- >> just one second. jennifer, we do have a few questions. supervisor a loss. >> thank you, chair chu. feeling a need to kick the tires a little bit. but looking at my notes here, when we had america's cup before us. >> yep. >> there was a discussion about seawall lot 330, that being a portion to use to help subsidize development, at that time the seawall lot 330 was assessed at 33million, now 30 million. how are we at the difference? we have seen property values increase generally over the past few months. how are we at a lower property value? >> we did three appraisals under the america's cup. the value,ly need help from brad, who i know is here, we did three appraisals piers -- excuse me, the seawall lot and take the value of the america's cup and that was lower than the 30 million that we are valuing it at. we had one that came in at 3 3 million, we had two others that brought an average down to an amount we agreed upon to use for transfer value, lower than 30 million. 30 million that is reflected came out of one appraisal in today's dollars and determined based upon looking at comparable sales -- recent comparable sales.

little better, it's kind of their dime, i would think. so, i would hope they've got that flexibility. okay, thanks. >> commissioner hillis. >> just back to this question on value. so, the port land, the city is going to pay the port, are we going to pay out of the remainder of the impact fees? >> no. >> where is that funding going to can you have from? >> that's part of the conversation [speaker not understood] wants to speak about this. thanks. >> if i may, pam drew from the office of economic and work force development. so, just to clarify, the purpose of the park purchase is actually a mechanism under state law. it currently is subject to the public trust and in order to remove the trust under senate bill 815, we need to provide the port with fair market value. we're confident, because the appraisal instructions require the appraiser to appraise the parcel with open space. and as a park, that the value of that appraisal will come back relatively low. the port is being very flexible, agreeing to accept payment over time and other -- >> you don't expect the payment to be much. the park builds open space on trust land already. >> they do. there was essentially a bit of a catch-22 because

little bit above average. >>> a small town on california's north coast is planning to build a tsunami resistant port. we're talking crescent city by the waves of 34 tsunamis since 1934. that tsunami in 2011, it sank eleven boats in crescent city. that's the video of it. 47 others were damaged. 2/3 of the harbor's docks were destroyed. >>> time is 8:26. where there's smoke, usually there's fire and why that fire is raising power concerns here in california. >>> we're live in palo alto where there's been a major accident shutting down part of highway 101. it's left one person dead. we'll have the latest on the investigation. >>> and black friday in full swing here in san francisco as shoppers head into stores looking for those deals today. we'll show you a chaotic scene as some of these stores opened early this morning when mornings on 2 continues. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much for us. on november 24th, let's get out an