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2 <br />represents a 2.9% increase. The fee is based upon 100°l0 occupancy 12 months of the year. The fee, <br />of course, will be paid on the actual occupancy of the space. Funds are budgeted in the Rents and <br />Insurance Account to cover the expenditure. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the renewal agreement <br />with ESM Associates through June 30, 2000; and authorize the Chair to sign on behalf of the Board. <br />