updyke, welcome. >> so today we seek your positive recommendation to acquire one property that has two addresses, 1550 evans and 330 newhall. the property at the corner of 3rd and evans. the southeast water pollution could control plant located in this area, so you can see the proximity. the aerial photo, i think does better justice to show that. the where my pen is and of course, obviously where the southeast plant is located. very proximate this particular property has been 2,000 square feet of land and contains buildings with 32,000 square feet of office space and 19,000 square feet of secure warehouse space. as i mentioned it's located at 3rd and evans. it's an m-2, that is heavy industrial property zoning. and it's of course situated near that water pollution control plant. the cellar, 3rd and evans llc is controled by the among other things family who owned-and-operated morgan company on the site in 1978 and then leased are the property after those business operations cease ed the negotiated purchase price in the agreement [pr-u/] today is $15 million. the appraised value is $16