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`A <br />It is proposed that the existing lease be extended for a period of <br />three years, with expiration on January 31, 1994. The leasing agent <br />has maintained last year's lease rate ($13,230 /year) with a five <br />percent'(5 %) increase proposed for year two and year three. <br />RECOMMENDATION: Approve the lease through January 31, 1994 with SAD <br />Realty Corporation; and authorize the Chair to sign on behalf of the <br />Board. <br />* <br />• <br />