uptown parking garage association was formed to assist the city in building the union square and sutter stockton garages. it remits all of the revenues above expenses back to the department for use and they are managed the garage diligently for the last 60 plus years. they have been operating it under an agreement that was signed in 1999, for the past 13 years. that 1999 agreement included provisions that if certain debts that were held by uptown parking were paid off, that the the lease would be terminated and therefore, last year, you may remember we brought a short-term extension of that lease and we have negotiated for them to continue to operate the union square garage. the initial term of the lease is 10 years. it does have a two 5-year extensions. they do pay a base rent of $1. each year, uptown's budget is approved not only by department staff, but also by the mta's off-street parking division. and then as i said earlier, all of those revenues above their expenses are remitted to the department. excitingly, we think, in this new lease, we are creating a capital account, where we will be