we have had negotiations on a draft term sheet, we hired appraiser, ron plum associates. we have been able to renegotiate the term sheet as of our last commission meeting in anticipation of this meeting today and also reflective of the most recent appraisal at fair market value. this is a bar graft of red and wide's annual -- red and white's annual ridership. it is quite a performance to bring this many members of the public to the waterfront. it is really one of the most active maritime excursion operations at the wharf. they are improving the offerings, adding special events and charters to diversify the business line. not easy to read. a lot of columns and percentages. those are what they were prior in the 2016. we took the percentage rents to a market to market, if you will. brought those to market terms. we are proposing to consolidate those to a much more manageable percentage rent schedule which you will see here shortly. here is the most recent five year financial performance resulting in $4.2 million of total rent paid to the port. a lot of -- part through the ba

we have had negotiations on a draft term sheet, we hired appraiser, ron plum associates.have been able to renegotiate the term sheet as of our last commission meeting in anticipation of this meeting today and also reflective of the most recent appraisal at fair market