estate, tida commissioner appraisal for the fair market value of the lease holder which sent set a markett at $90,000 a month. and these materials were provided in comparing the analysis. and the lease terms, again, the footprint of the improvements is roughly 724 by 718 feet. capable of supporting up to 220 slips. and the base rent is $90,000 per year, subject to adjustments based on c.p.i. and there's also percentage rent for gross revenues for live aboard fees and other gross revenues of the marina. and the developer is eligible for rent credits against the percentage rent but not the base rent for initial dredging and is responsible for all future dredging at their own expense. and treasure island enterprises has eight years from the point of execution, the effective date of the lease, to complete all of their marine improvements. this diagram just shows the dredging to be performed, most notably the access channel into the cove. which will be the bulk of the dredging as well as some dredging adjacent to the causeway connecting two islands. this proposed resolution would authorize the