he is working with valero and representing valero today. he can answer any questions that you might have pertaining to a resolution. the united states remains dependent on imports of petroleum products, primarily crude oil. foreign-trade zone status will allow them to improve net margins and put them in a better position to retain jobs and compete with imports of petroleum products. the status will also allow the valero refinery to be better positioned to take advantage of exporting products that are produced in that zone in the future. also, it will allow them to better compete with other refineries that are set up. valero currently has eight other refineries in the u.s. set up within a sub-zone status, out of the 15 they operate in the u.s. foreign-trade zones common benefits trade include -- this s getting a little technical. effectively, it matches the crude oil rate to lower duty rates. another benefit is delaying payment of customs duties of crude oil until the finished product leaves the subzone, effectively taking advantage of the t

>> we will be separately negotiating a sub-zone operate can't agreement with valero. we are anticipating matching it similar to what we have with chevron, which is about a five-year term with opportunities for extending for threes three five-year periods. >> thank you. >> all in favor? >> aye. >> resolution 1078 has been approved. >> thank you very much. >> item 7-5, request approval of lease ahn ahn, a california corporation, for a seven-year restaurant lease for premises located at 27890 taylor street. good afternoon commissioners. jeffrey bower, port leasing manager. i am here to ask your approval for the item as read by the commission secretary, which is a seven-year lease with andre -- ahn sometime ago andre-boudin bakeries approached the pors -- the port, and port staff has analyzed that proposal and determined that they do meet the criteria outlined in the 1993 retail leasing policy. in these discussions we developed lease 814, which offers a seven-year lease. during the period of the term, there is a six-month construction period where no rent is charged. they

residents living near the valero refinery are told not to be worried about flare ups this week.his week you'll see fleams shooting towards the sky. normal plan operations will be suspended during this maintenance period, which is expected to last until february. >> a new report says san francisco is one of the most dangerous cities in the state if you are walking. more than 100 people are hit by car san francisco each year. in does it is said to be one of most dangerous months for pedestrian accidents because more people are out walking and shopping during the holidays. more people are drinking alcohol. more people on out on the streets. >> i feel safe out here walking on the streets. i am extremely careful to pay attention to the cars and my surroundings. >> the top ten most dangerous parts for walkers are concentrated in the financial district, tenderloin, south view market and bay view neighborhood. >>> hey sal, everybody behaving out there? >> some are. there is a caltrans delay stuck at the station. they picked up the stranded passengers. if you take cal train to work it is

you can check the costco in redwood city and the valero on marsh road in menlo park.se area it's $3.19 a gallon. chevron on monterey road and the costco, both of those in gilroy. and also in san jose, the city itself, check the arco on tully road and there are two costcos, one on center road and one on auto nation parkway and they also have cheap gasoline as well. kind of an interesting thing too. it may not be reflected, but we go to safeways. if you've got a safeway that does gas and you get your point, they chop off about 10 cents a gallon, so even though the price listed may not be the cheapest in the bay area, you can get it cheaper. >> hopefully you're not idling out there losing a lot of gas on the roadways. there's some hazards but devil's slide now cleared, mike? >> that's right. that's great news for folks. highway 1 is cleared a lot earlier than i thought. great job caltrans. they were able to get out there and clear that mud slide that had been out there since 11:00. great news for folks. but we had an issue, also a truck, a disabled truck was blocking par