in theen trum, the city entered into a lease with a city called approximaty development which has a use of this space. it's a nationally recognized urban design and honestly we were say tg could have gone to the land use city. what was previously a parking lot is a model for

in theen trum, the city entered into a lease with a city called approximaty development which has a use of this space. it's a nationally recognized urban design and honestly we were say tg could have gone to the land use city. what was previously a parking lot is a model for development. it's a true haze valley. this is supported by the neighborhood association. proxy done a great job with working with job training companies. and the rent that the city receives is actually tied to what it would receive if the property was used as a parking lot and supervisor brief thinks this is better than a parking lot and happy to see the lease continued and ask for your support. thank you. >> thank you mr. johnson. >> we have john from our department of real-estate. >> john, director of real-estate. very briefly. this is an 11,430 parcel originally leased by the city in 2004 for parking purposes that in 2010 the board approved this lease with proxy development and we're here to extend that agreement. as part of the dissolution process, the property was transferred to jurisdiction as mentioned so tod