a great inspiration for our port. she sits on a number of very important boards in the city, and yet has worked tirelessly on our behalf. and, so, please join me in welcoming president doreen wuho. (applause) >> hello, good afternoon. and i'm really here to thank everybody on behalf of the port commission. i haven't been on the commission that long. i know this project started many, many years ago. but as i've learned on the commission, these projects do take a long time. there is a lot of money involved and there is a tremendous partnership. and you heard all the departments that are mentioned. but i'm also here to thank i guess the previous leaders besides our mayor here. we had mayor brown, mayor newsome, but we also want to thank for their vision that has led us here today. i also want to recognize a couple previous port commissioners. ann hall stead and rodney fong. i learned we all work closely as a team to get to the vision you heard everybody mention. i'm really excited today to be on the port commission becau

this is a working port. work is going on as we speak but it's a place for habitat and a place for our own restoration so it makes it absolutely wonderful for that and you can get here by almost every mode. i would like to say you could take the train and the historic train and i encourage you to ride your bikes and bring your dog. this is the first dog sanctioned area and we're proud of that and i want to say thank you to all the people that made it happen and as mayor lee alluded to it's a lot of people and byron and the rest of the committee and lead by karen paris and friends at the park conservation. we have steve from the engineering group. we have dan -- who i see i missed. excuse me. we have dpw who did the design for the area. we have them with the living classroom and maybe it was going to be in another area but it's going to be here at the port of san francisco and had the help of a number of agencies and the parks department and keeping as gorgeous and welcoming as it is. this part was not a park

and really this has been a banner year for the port. under the leadership of director moyer and our staff, they have done a phenomenal job. i mean with america's cup, exploratory the warriors the giants you name it and they have just stepped up to the plate and they have done a phenomenal job and so since this is our last meeting of the year, i just want to thank our staff

and really this has been a banner year for the port. under the leadership of director moyer and our staff, they have done a phenomenal job. i mean with america's cup, exploratory the warriors the giants you name it and they have just stepped up to the plate and they have done a phenomenal job and so since this is our last meeting of the year, i just want to thank our staff thank you. plast. >> well on behalf of all of the hard working staff of the port, thank you it's been a long time coming and we have been in support of the commissioner along the way and our partners along the city and so thank you for that acknowledgement but please take some of it back. >> thank you. thank you everyone. items from the consent cal lar item eight a to award construction contract 279 electrical service upgrade to an builders incorporated in an amount not to intercede $2,849,999 in a kin semi-cy of 10% for a total authorization not to exceed then $71,049 and item b requests a no cost ten years license with golden gate auto -- society to install and main

our client is very concerned that the port of san francisco is continuing to negotiate with the giant not with andlinging the departure of the quite iaye that constitutes the bulk of the propyling submitted by w w llc., almost all of the development compatibility in the s w l associate the rl l c team's proposal seams to be out of the picture snow. the report is that the existing proposal is a little she'll that reresembles nothing to the only proposals that is not only tremendously unfair to the other bidders who participants in this process but it's not competitivive bidding. cortiish's involvement not the giants the accordingly the commission does nottish an llc.,, -- to be clear nobody doubts that the giant are a great baseball team but everybody knows that the giant are not a development company capable of developing this new property with million dollars of new opposites and retail square footage. sever company retail companies spent hundreds of thousands of dollars putting to the a proposal that may only benefit the giants the giant may bring in another development company but

the hard working staff of the port, thank you it's been a long time coming and we have been in support of the commissioner along the way and our partners along the city and so thank you for that acknowledgement but please take some of it back. >> thank you. thank you everyone. items from the consent cal lar item eight a to award construction contract 279 electrical service upgrade to an builders incorporated in an amount not to intercede $2,849,999 in a kin semi-cy of 10% for a total authorization not to exceed then $71,049 and item b requests a no cost ten years license with golden gate auto -- society to install and maintain imported soil and plants with the upland area and the earn portion of sea wall at pier 53. can i have a motion to approve the consent items. >> motion comment. seeing none, all in favor? aye resolution 1292 and 12 knee have been a moved. >> item nine a first amendment too leafs one 48 one four with a california corporation operating an indoor out door casual dining restaurant located at taylor street through december 2019. good afternoon commission nears senior p

are travelers in the crudes industry and they have picked san francisco as their 2012 united states port on the basis of it being one of the most beautiful city's in the america to sail into and we can all say well do and strainings has been a long contenter for the united states ports but the state-of-the-art crews terminal with site seeings and easy to access air service pus put it over the top and so we are gratified by that award and our thanks to san francisco travel to make sure that we are always mentioned whenever they have folks coming in into town and i got to go in the other day & it's going to be stunning it's a great site and so we are really really gratified about that. but theu.s. n s is at dry dock since peer seven b and she'll be there until the senth of january and she is in dry dock for regular over hall and dry docking and she is a cargo and ammuntion ship opened by the united states navy and she is our second ship to come in since we have established our shore porn system at peer 70 and the whole reason that she has been able to come here to strainings is it's abilit

>> the port is a very nontraditional port. when you think of most ports, they are cargo facilities. the port of santa cisco has limited cargo, but it is very diverse. -- the port of san francisco has limited cargo, but it is very diverse, fishing industry, tugboats, ship repair, cargo, and a couple of others. as we redevelop the waterfront, we are integrating all of those individual uses into new development. you mentioned one and a half, the boat dock. we are working on a terminal facility, pier 27, always looking to integrate those in. unfortunately, those all need money, so we have to look at revenue-generating sources. >> are you limit it to maritime uses? >> there are other uses. we are state land, not city property. the state land has a lot of uses. the office has to be maritime- related, unless it is an historic building. our facilities have to be for the people of the state of california. they have to enhance that visit there. they're not local surfing. we cannot do any residential on the waterfront and we cannot do any hotels over the waterfront. there is property on the em

benefit associated with this and give you a brief background and then talk a little bit about the port retail leasing port policy that allows us to proceed on this and so i'm hear here to request the approval of the first amendment as read by the commissioner secretary. this is for an extension of the andre bow din least [spelling?] located in the octogon building there in fisherman's whof and they are offering to extend it in exchange for capital improvements and return 50,000 per year com additional renne and improve the visitor experience at the who have and take advantage of the new plaza that we just completed and pier prom iniad and [spelling?] and they are essential to the positive experience of the whof is the improving of the bathrooms and the background of least in december 2010 the port staff came to the commission to request approval for a seven-year least with andre bow dean backto renovate the octogon building and that was approved here by the commission and then they proceeded ahead and invested over $350,000 into that facility and really improving the functionality of i

and we do think that this is potentially a game changer for the port. i want to make one minor correction. we have not calculated yet the amount of i f d ass that are captured in pier 70 and it can be the location that we capture the tax increment and it could be that these projects will reach a billion dollars of investment from the i f d actual and that is 3 billion in private investment and you plus up to a billion dollar in public investment. each of the project the term sheets for these projects are expected to be -- by the port commission by 2013 and then off to the board of supervisors for term sheet consideration and possible endorsement and then each of the project would be subject to their own set of transaction document and is so these are proposals only just for the public's benefit. lot 337 and pier 48 in the port's exclusive negotiating agreement with sea wall lot sociabilities affiliated with the san francisco giant, this slide shows is that the area that we are conceiving of the certainty lot a in mission bay was previously a from the pe

and thank you marketing manager maritime for the port of san francisco. and as related to this past october the question of the commissioner was to bring forth some of the great example of mayor time commerce and mayor time activities that are in the ports customer base and so we are beginning with blue and gold fleet who has been a 33 year tenants of the port. >> the port of san francisco manages one of the most diverse distant portfolios andmary time and businesses in normal america and strategically themary time business goes about organizing and dealing with this customer base is buy dividing it up into eight major categorize based on the operational similar later for each and this way we can pay attention to and provide the

one .5 million mld into this facility and that trans late to one sny thousand dollars of rent to the port and that is a portion of it through the base rent and then they genre almost $97,000 of additional percent anal rent by making this investment so, they are now proposing to do the same, if you will and what they are asking for is an additional steenings to help recould you please that investment. so they made an investment, they want to make an additional investment. they have been a good partner here of the port and so for that >>> , they came back and requested a longer term extension, we felt that to be fair and consistent with what had been approved previously, we went -- they asked for a five-year extension, we came and backed it down to a two-year extension to make it a seven year term and so if this is approved they would have a seven year term to recoup the investment that they would like too make and we have site the port retail investment policy under your staffing report under which you can make an exception to the bidding retail leasing opportunities under the following co

and we do think that this is potentially a game changer for the port. i want to make one minor correction. we have not calculated yet the amount of i f d ass that are captured in pier 70 and it can be the location that we capture the tax increment and it could be that these projects will reach a billion dollars of investment from the i f d actual and that is 3 billion in private investment and you plus up to a billion dollar in public investment. each of the project the term sheets for these projects are expected to be -- by the port commission by 2013 and then off to the board of

move forward to keep this team in tact to finish our job here. >> port commissioners and port staff, i just want have to walk through the budget throughout the benefits and if he is looking to see if he can find the presentation and he describes the approval and the recommendation and port action from increases and contracts and overall budget amount so, as your report outlines when you last saw the cruise budget it was a $84.84 million and it's now a one pen npt p.in this action and so it had a $5 million change and phase two has an $11.5 million change for 16.5 total and, i don't have a slide to make it easier to walk through what i'm talking about and the phase one changes and the increase of 5 million is result of three items change orders and condense of the project schedule for the america's cup and two phase one from phase two for the elevator and is escalator and is the $11 million increase is the result of three factor and is the first is that the budget you last saw was at an earlier design stage and so as we went in drawings to constructs ready drawings the pricing got mor

come to the mic afterwards so it can be recorded. >> thank you joovment elane knobs port staff and as david said this is putting the law in place and geek getting the mechanism to secure infrastructure financing proceeds and a lot of credit goes to bran son and many of my preed says cor and is monique moyer that has gotten us to this point and right now we are looking to the establish a policy with the board of supervisors that gives us a -- to support this before looking at any particular project. we have present proposed policy to the capital planning committee on november 19th and we will go back for action this month and we are looking to the bring the city policy to the board of interferes in early 2013 and so as brad said i'll go over the policy and then brad will go over three major projects that we are proposing the use of i f d for. and so the port commission is very well aware in 1969, we got our 54 piers nine react activated and we have an extraordinarily large deferred maintenance problem in the magnitude of $2.2 million and what the port earned as an enterprise is not eno

have a seven year term to recoup the investment that they would like too make and we have site the port retail investment policy under your staffing report under which you can make an exception to the bidding retail leasing opportunities under the following conditions the tenants is in good standing so bow dean is [spelling?] so they have consistently reporting their obligations in a timely manner and reporting all of their duties under the lead and there has been no issue with them in terms of least obligation they have a good community partner. number 210 inapt is committed to making a significant invest in the leasehold which will benefit of the port. well we have seen that happen before and they are doing the same a $350,000 investment we consider that significant. they are taking an under utilized piece of the -- if you look at it, it's an octogon so we have h i ask so eight sides and this they are taking the least used sign and put it in a new dinings and beverage service and so we think that is significant and there will be for that, then there is going to be generating roughly $