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APK-05-2011 14:59 From:REAL ESTATE 770 587 8496 To:15742359692 P.i/e <br />Lamir, Joe <br />From., Lamir, Joe <br />Sent: Thursday, March 31, 2011 1:59 PM <br />To* Imetelve0southbendin,gov'(1metelve Onsouthbond1n.gov) <br />Cc: Mexandrou, Drew <br />Su0ject: Central High and Stephenson Mill Lease Extension Proposals <br />Attachments: Central High First Amendment to Parking Lease 3-24-11 -doc, $t9phanson Mills First <br />Amendment to Parking Lease 3-30-11 cloc <br />Hi Larry <br />Attaqhed please find proposals for the extension of the leasO term for Stephenson Mills Associates, LLC and Central High <br />Associates, LLC parking lots. <br />For Stephenson Mills, we propose a simple extension of the lease term until 35 years beyond the date of the refinancing, <br />For Central High, we propose a $100,000 up front payment as of execution of the OFreement, with annual amortization <br />of the balance each anniversary over the next 34 years and a final payment of $1,00; <br />$299,000 Face Value <br />($100,000 Up Front Payment <br />$199,000 Balance / 34 years payable each anniversary date of the agreement = $5,853 <br />Final payment of $1.00 to take possession of the property. <br />Please let us know if these terms seem satisfactory to you and If you can present these proposals to the board at the <br />next meeting, <br />Thanks <br />Joe Lamir <br />Real Estate Business Analyst <br />Kimberly-Clark Corporation <br />1400 Holcomb Bridge Rd <br />Roswell, GA 30076 <br />(770) 557-8368 Direct <br />(920) 969-4492 Fax <br />C ",OUl <br />ITy C)F h 'H BEND <br />DEPARTMENT OF LAW <br />