the first american flag was posted in portsmouth square. the first city hall was near as portsmouth's square. the first cable car squint through the area. on -- went through the area. ironically, when they moved out of the area, the chinese started to move in. the chinese want to redevelop it. in the 50's, as was talked about, that community got together and said that we will help this community come together and provide our own funding. over that time, the portsmouth square grosz has been is support not only to chinatown but for local businesses, community groups, and a great supporter of the city with revenues going to the city over decades. i'm struck by the fact of the people of asian heritage on this panel. the pride is not just that patients are receiving the kind of representation that we have sought for so long, this is the fact that the asian community is able to contribute to the city just as this lease is contributing. >> thank you. are there any other matters -- members of the public that wish to speak on this item? item number9.

for the operation of the portsmouth square for ross. i would like to announce overflow viewing has been allocated. supervisor chu: thank you. we have been joined by the president of the board, david chew. why don't we open this up to the department -- david chiu. when we open this up to the department? there will be a presentation. before you speak -- let's hear to what supervisor to has -- supervisor david chiu has. supervisor chiu this pertains to a district in the heart of my district in downtown the portsmouth plaza parking corp. is community-based. we are considering a release to the same nonprofit. this nonprofit has had an amazing history. in the 1960's, the city politicians did not support building in the heart of chinatown. said chinese leaders came together to hire their own consultants to present with a financing formula. over the years, this the raj, under the management of this nonprofit, has supported the local neighborhood in chinatown, north beach, in the financial district. when the original lease expired, the parks depa

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

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 it to introduce an ordinance and order to make an appropriation. >> we have an ordinance that we wou