01/06/2020 BOARD OF SELECTMEN Agenda Packet

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.Frr,S"t Extension Ter ni Lease Year 3 $25l sf ($1 670.83 per month plus extra charges) Lease Year 4 $26l sf ($1737.67 per month plus extra charges) Second Extension Term Lease Year 5 $271 sf ($1804.50 per month plus extra charges) Lease Year 6 $281 sf ($1871.33 per month plus extra charges) Lease Year 7 $291 sf ($1938.17 per month plus extra charges) Airrl., xIension Ter in Lease Year 8 $30I sf ($2005.00 per month plus extra charges) Lease Year 9 $31l sf ($2071.83per month plus extra charges) Lease Year 10 $321 sf ($2138.67 per month plus extra charges) 10.Extra Ghames: Tenant mill pay its frill Tenant's Pro-rata Share (defused hi Section 3.1 below) of extra charges, includhig Conmion Area Maintenance Expenses, Taxes, Marketing Fund,and waste water. The 2015 estimate is$11.851sf or$791,98 month. 11.Marketing Fund: Charges for the Marketing Fund for 2015 shall be$2.53 per square foot and shall be considered Additional Rent. Included in Extra Charges above. Marketing Fund charges shall increase amivally in accordance with a CPI fonnula reasonably administered by Landlord. 12. Percentage Rent: Initial Term: Lease Year 1 6%of Gross Sales in excess of$307,433 per year Lease Year 2 6%of Gross Sales in excess of. $320,800 per year. First Extemion Term Lease Year 3 6%of Gross Sales in excess of$334,I67pe•year. Lease Year 4 6%of Gross Sales in excess of$347,533 per year. Second Extension Term Lease Year 5 6%of Gross Sales in excess of$36.0,900 per year. Lease Year 6 6%of Gross Sales in excess of$374,267 per year Lease Year 7 6%of Grass Sales in excess of$387,633 per year. T m-tl Extension Term Lease Year 8 6%of Goss Sales in excess of$401,000 per year. Lease Year 9 6%of Gross Sales in excess of$414,367 per year. Lease Year 10 6%of Gross Sales in excess of$427,733 per year C T 2015 2