over setting that annual budgets, and should there be any variants in the budget, the portsmouth plaza parking corp. would extend their authorization, they would need to receive appropriate approval from both the mta and the comptroller's office. lastly, and want to talk about some of the improvements -- i want to talk to us some of the improvements this lease does foresee. we released in 2002. the corporation undertook a review of the garage. while there were no significant seismic needs of the building, there was the need for restoration to electrical and training systems, as well as cracks to the building that needed to be updated -- electoral -- electrical and draining systems. the cost would be approximately $5.2 million. we have propose to undertake financing to ensure the garage is available for the community two years. the improvements would be subject to approval of the recreation and park department and the mta, and the financing of the approval would be subject to the approval of the rec park, mta, and ultimately the board of supervisors. the commission has to determine the current condi

authorizing the recreation and park department general manager to enter into a lease with the portsmouth plaza parking corp. for the arts met -- for the operation of the portsmouth square garage. >> same house, same call? the item passes. >> item 16 -- at of 15, resolution approving the sale of an improved surplus property located at 909

authorizing the recreation and park department general manager to enter into a lease with the portsmouth plaza parking corp. for the arts met -- for the operation of the portsmouth square garage. >> same house, same call? the item passes. >> item 16 -- at of 15, resolution approving the sale of an improved surplus property located at 909 tennessee? >> how did they decide to deal with the surplus? >> do you have an answer? >> the question that cannot for the committee is that the previous purchaser backed out of the transaction so we don't actually have a current supplier for that what? what we have done it is revised the resolution to allow the department to sell this for no less than $1.3 million. because there -- this is simply a resolution, there is no language around the resolution of it. when this happens in april or march, they will report about what the final sale prices. at that point, the board chose to appropriate it and we would have a different ordinance to appropriate the remaining balance. >> if you want it to appropriate, we would need to do a public appropriation on this. >> we would need i