we had the e.n.a. to discuss and the few that are remaining to be achieved and we indicated that in true compliance with the e.n.a. and indicated that the development costs have increased to $135 million. and we indicated that the e.n.a. has extend ed the authorization provided on the e.n.a. will expire on november 4, unless there's a request for extension. as indicated on this slide, this is showing the benchmarks that developed to date. on the e.n.a., as i indicated, it's a one-year term. the reason it's taken this long, many of this was achieved back in 2016, was the entitlement process and a number of development tasks that need to be completed. given the nature of the site and given its location in a unique, urban setting. the embarcadero promenade, waterfront district and gateway location, it took a while to get a consensus on what we call project description, win is the basis of what needs to be done. they're making progress, but all the issues have taken longer than anticipated. that was the rea

the purpose of the e.n.a. is to provide a exclusive right for the developer so in the internal the project's not going to be impacted from outside parties, so they have that right to provide for a number of predevelopment tasks that need to be completed within a set time frame. and of course, there's a fee required for them to tie up the property or have that opportunity. and of course, being -- as part of the update, we are providing for you to this case as being in full compliance with the e.n.a. they pay all the fees that have been required. they demonstrated progress in the project. some of the delay is solely out of their control because it's at the land use committee. [inaudible] >> -- they've exhausted the extension that was provided, so the e.n.a. was fired on november 4 of this year, unless it's stebdcommended by commission, which we'll -- extended by the commission which we'll be coming back and asking you to approve. [inaudible] >> -- they have a basic concept development in mind. so we having to go

on the agenda it has and the proposed first amendment to the e.n.a. and in the staff report it has approval of an amendment to an e.n.a. in september. did we hear anything about this? >> no, you aren't approving an e.n.a. i have executed my delegated authority in terms of extending the e.n.a. and when staff comes back to you in september they will be requesting your approval of an extension. so i'm sorry the agenda language included that dangler, that dangling sentence about the extension. you won't be approving an extension today. >> so the first will only be an extension, nothing else? >> yes. that's right. >> and the proposed extension isn't until when? because you under your executive director could extend up to four and now we will be going beyond four. >> that's right. >> yes, when we come back to ask for an extension, we are going to be asking for a six-month extension. currently on the time line they are opening that, ceqa will be completed by the end of this year and then lease negotiation in january. we think by february or march we should be