SFGTV May 7, 2014
Option to extend. Rather than only extend for 6 years because these facilities are so critical to our operators and other field staff, we decided to negotiate a 10 year lease with a 10 year option to renew. So that is what is before you today. We weigh the advantages and came up with the 20 year lease. The first year rent is 7,920, increasing 3 percent per year with a proposed 10 year extension through december 31, 2033. And the rent payments are a total of 212,813 over 20 years under the propos...
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