>> no, it does not. >> to other regions have these subzones? >> yes, the valero refinery is adjacent to the port of los angeles and is set up as a subzone. >> that has proven to be a good way to go? >> it has. i think the region is benefited by the jobs that have been created at the refinery. commissioner crowley: thank you. no further questions. commissioner brandon: there's no cost to the port? >> there is cost in terms of staff time. that is covered by the administrative cost, the application fee. and then the $10,000 application >> so that would be the anticipated revenue for the port. >> the anticipated revenue would be $20,000 per year, which is for our foreign trade zone tariff, that is what chevron pays us today. >> by the benefit to the port is what the tenant will be benefiting from? >> yes. it gives our foreign trade zone more visibility. i think the fact that we have some high visibility customers like chevron and valero may help us sell the foreign trade zone benefits to additional users as well. >> are piers 19 and 23 foreign trad

>> no, it does not. >> to other regions have these subzones? >> yes, the valero refinery is adjacent to the port of los angeles and is set up as a subzone. >> that has proven to be a good way to go? >>

to establish a subzone covering their benicia, calif. refinery. commissioner crowley: i move to adopt. commissioner lazarus: second. commissioner brandon: public comment? >> i do have a

>> no, it does not. >> to other regions have these subzones? >> yes, the valero refinery is adjacent to the port of los angeles and is set up as a subzone. >> that has proven to be a good way to go? >> it has. i think the region is benefited by the jobs that have been created at the refinery. commissioner crowley: thank you. no further questions. commissioner brandon: there's no cost to the port? >> there is cost in terms of staff time. that is covered by the administrative cost, the application fee. and then the $10,000 application >> so that would be the anticid

they are considering applying for a subzone to cover the distribution of the semiconductorors. that could benefit them and provide economic benefit to the area. >> thank you. >> you're welcome. >> in here i didn't see the term as to how far out this resolution would carry in years? >> we will be separately negotiating a sub-zone operate can't agreement with valero. we are anticipating matching it similar to what we have with chevron, which is about a five-year term with opportunities for extending for threes three five-year periods. >> thank you. >> all in favor? >> aye. >> resolution 1078 has been approved. >> thank you very much. >> item 7-5, request approval of lease ahn ahn, a california corporation, for a seven-year restaurant lease for premises located at 27890 taylor street. good afternoon commissioners. jeffrey bower, port leasing manager. i am here to ask your approval for the item as read by the commission secretary, which is a seven-year lease with andre -- ahn sometime ago andre-boudin bakeries approached the pors -- the port, and port staff has analyzed that propos