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2 <br />than 1999, which represents a 2.8% increase. The fee is based upon 100% occupancy 12 <br />months of the year. The fee is paid on the actual occupancy of the space. Funds are budgeted <br />in the Rents and Insurance Account. <br />RECOMMENDATION: The Manager recommends that the Board approve the renewal <br />agreement with ESM Associates through June 30, 2001; and authorize the Chair to sign on <br />behalf of the Board. <br />