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1112007 Lease of Floors <br />2 and 3 24.75/ft $47,120/ <br />month <br />5/2008 41 additional $1.00 for <br />Project Parking facility parking balance of <br />spaces Lease term <br />plus prorated <br />annual <br />maintenance <br />cost of <br />pass through. <br />If option to purchase exercised: <br />11/08, Floors 2 <br />and 3 of condominium <br />11108 41 additional <br />Project Parking facility <br />parking spaces <br />22,846 sf. $ 5,490,449 <br />9. Contin eg ncies. <br />$1.00/year <br />plus prorated <br />annual <br />maintenance <br />cost pass <br />through. <br />Successful assignment to County of Design Professional Contracts between TCM <br />and the Design Professionals. <br />TCI~1's completion of all contemplated transactions «~ith «~'eajzer Street Market. <br />Land use approvals by To~~~n of Hillsborough. <br />Satisfaction of construction loan underwriting criteria of TCM lender. <br />LGC and undei•~vriting approval of debt structuring of Orange County debt so that <br />it complies with Orange County's policies of 15% of General Fund Budget debt <br />service payments and 7% annual growth of General Fund Budget. <br />Execution and delivery of Contract Documents mutually agreeable to TCM, the <br />single prime general contractor, the contractor's surety, TCM's construction <br />lender, the County and the County's lender, if necessary. <br />-6- <br />