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a~th fed ede~eiapn~ent a~~nmissian <br />Reg~~ar Meeting ~~ctaber Oaf' <br />G. NEW BUSINESS (CUNT.) <br />B. oath Bead entrap e~e~open~ ~re~ <br />~} on~~ss~o~ a~pro~a~ re~ust~d for Lease <br />Amener~~ iu the South end entry <br />~e~e~apmen~ ~r~a, ~Lanra Lee's, ~ 21 . <br />~ich~an St.~ <br />~s~ .~e~~n~ngs Hated that Laura a1~aa cf <br />.Laura ,~' at ~ 1 . ~~chigan St. has <br />requested to exerc.~e her opt~an to rener~ her <br />present lease far a~1 addition~.l ~~~~- at X9.75 <br />per sgr~a~e foot, .far ~..rncnthl~ tct~l of <br />~, ~~, ~ . The tenant ~1~ pa~'~ the act~~a~ <br />comn~an expenses inc~~~d~n aid rei estate <br />ta~e~ .er rent ~ cu~~rent and she is a ~nadei <br />tenant. taffreco~~~~e~ds appra~a~ <br />Nor. Pec~~ov~si asked ~~°~~nder per current <br />lease she has been paying $9.75 per square <br />foat..~s, ~e~~.~~ng respa~~ded that the per- <br />square~foat amou~~t has decreased beca~~se <br />the ca~~nman area fees and taxes have been <br />guild a~,~t. The ~~~ten1: z far her a~'erall casts <br />to remain the sane. <br />Mr. Pec~~o~vs~ asked ~` the an~n7ission is <br />pra~idin her a discount far extending the <br />lease. 11s, Jennings responded that vie are <br />Hat ~ra~~d~ng her a d~scount~ <br />1V~r. ~'ec~ko~vsi asked xfthe other tenants in <br />the retail spaces pay the same rate. 1V~s. <br />kennings responded that they do nat. The <br />leases are negotiated separately. <br />fir. ~ec2l~as~i asl~ed what Laura Lee's <br />cease rate was last year. s. Jennings s~.id <br />she ~auld soak that ~p and provide the <br />infaratian to r. Pec~l~a~vski. <br />4 <br />