4f supp

Item No.:                    4f_supp 
Meeting Date:          November 25, 2014 
Term Lease for Yard Area 
ConGlobal Industries, LLC 
Terminals 106 and 108

CGI Leased Area
Terminals 106 and 108

Alternatives Review 
ConGlobal T106/T108 Analysis         Alternative 1    Alternative 1    Alternative 3
NPV ($'s in Millions)                Port Builds SW    Port Builds SW   Tenant Builds SW
Tenant Remains  Tenant Vacates  Proposed Lease 12
~ 21 year Analysis  ~21 year Analysis   year Analysis
Period for NPV   Period for NPV   Period for NPV**
Discount Rate                     10.0%         10.0%         7.0%
Rents                         $18.1         $16.0         $11.5
Rent Rate - $/sf/mo                  $0.177         $0.177         $0.110
Contingency - Broker Fee, Mktg Exp, etc      $0.0          $0.4          $0.0
Stormwater Facility - Cost to Port           $7.4           $7.4           $0.0
Residual Value                     $0.0          $0.0          $0.4
Net Cash Flow to the Port               $10.8          $8.2          $11.9
Payback Period - years                  4            6            NA

Note**: Does not include any rents past end date of proposed lease. If lease was renewed for an
additional 9 years, to match term of Alternative 1 scenarios, NPV would increase to $15.6 MM.

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