i want to thank the members of sfgov-tv covering this meeting nona smith and melkonian. and the clerk am i wouldtionv. do we have any announcements? >> yes. [speaker not understood], completed speaker cards and copies to be included as part of the file should be submitted to the clerk. items acted on today will appear on the [speaker not understood] unless otherwise stated. >> okay, thank you very much. madam clerk, can you please call item number 1? >> item number 1 is an resolution authorizing a 10-year lease of 37,289 square feet at 1145 market street, for office space for employees' retirement system from 1145 market street, lp, a california limited partnership, for $119,228.21 monthly for the period of july 1, 2014, through june 30, 2024. ~ monthly. >> ms. [speaker not understood]. >> good morning, chair farrell, [speaker not understood], updike. a quick update. since this is for retirement lease 1145 market street, we are continuing discussions with ownership, hearing concerns loud and clear from both this committee and as raised by the budget analyst, and working