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City Officer: Lee, Edwin – Mayor – Date: February 11, 2011 – Contractor: Books, Inc.

Nature of Contract

Lease was awarded through a Request for Proposal process

Date Contract Approved



Higher of the MAG or tiered percentage rent

MAG during the holdover period: $400,000

Percentage rent:

-8% of gross revenues achieved up to $2M; plus

-10% of gross revenues achieved over $2M


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