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Facility and terminates when the master lease expires and so that is why it has a rather odd term, and not exactly, and that expires to march 1, 2023, the cost is 22,000, and 113 a month in rent, increasing 3 percent per year and we have a termination right that has been built into this and that we want to have the ability for the flexibility over time and in this case, after march 26, 2018, with the proper notice, and payment to the center of the value of the tenant improvement and the time of the termination and then we may exit and that is consistent with the other agreements that you have seen come before you with the early termination clauses and the rent itself is fair rent agreement and that is also, noted in the budget Analyst Report and we have a documentation that was to support, and we do agree with the proposed amendment and i recommend that when the real estate brings the amendment to the section 23, and we relate tha ....
And plus 8. 5 percent and results in 141756 and the total results in a amount of requested of 1 million and 800,000 and we recommend that you approve this resolution. Okay. Thank you very much, mr. Rose. Seeing no further questions, we will open this up to Public Comment on item 7. Okay, anybody else wish to comment on item seven . Seeing none, Public Comment is closed. Okay we have this item in front of us and a recommendation to approve for the budget analyst and take a motion to send it forward with a recommendation. Okay, we have a motion and we can take that without objection. Madam clerk, could you call item 8 . Item 8 is a resolution, approving amendment two resolution approving amendment no. 2 to professional services agreement, airport contract no. 8994, to manage and staff the Curbside Management Progr ....
Minimum guarantee, and of 52,176 and recommend that you approve the proposed resolution as amended. Thank you, mr. Rose, seeing no comments, we will move on to Public Comment and anybody wishing to comment on item fine . Anybody else wish to comment on item nine . Seeing none, Public Comment is closed. Okay. We have a budget analyst recommendation. So a motion, to accept the recommendation and move forward. We can take that motion without objection. Madam clerk, could you call item ten . Resolution approving the acquisition of 28 avigation easements from various Property Owners in San Mateo County required for the San FranciscoInternational Airports ....
Guarantee of 52,896 a year or a percentage of revenue based rent whichever is greater, the Lease Agreement with green beans is the result of a competitive request for the proposal process for the 1087 feet for the retail coffee shops and the concession at the airport. And during the budget Analyst Report, we did realize that we incorrectly stated the mag amount in the resolution, and we will agree with the budget analyst recommendation to amend the legislation to correct the resolution, to reflect the resolution and the correct amount of 52,176,000, which is over the term of the lease and i will amend the resolution, and should you agree and get that to the clerk, this afternoon. Okay. Thank you very much. Any questions . Could you do your report, please . Mr. Chairman and supervisor avalos on page 25 of the report we report that the subject lease as she just indicated will ....
Lease agreement with green beans is the result of a competitive request for the proposal process for the 1087 feet for the retail coffee shops and the concession at the airport. And during the budget Analyst Report, we did realize that we incorrectly stated the mag amount in the resolution, and we will agree with the budget analyst recommendation to amend the legislation to correct the resolution, to reflect the resolution and the correct amount of 52,176,000, which is over the term of the lease and i will amend the resolution, and should you agree and get that to the clerk, this afternoon. Okay. Thank you very much. Any questions . Could you do your report, please . Mr. Chairman and supervisor avalos on page 25 of the report we report that the subject lease as she just indicated will generate the minimum annual revenues by the green beans to the airport, over the next ten years. And that excludes annual cpi adjustments we recomme ....