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. . COPY <br /> storage, treatment and recycling of non-hazardous wastewater; and for office, <br /> warehousing and other purposes incidental to the foregoing. <br /> The term of the Lease Agreement is Seven (7) years and shall commence on <br /> January 1, 2016 (the "Initial Term") and end on December 31, 2022, with an <br /> option to extend the term of the Lease Agreement for an additional Five (5) years <br /> (the "Extended Term"). The rent for the Initial Term is as follows: <br /> First Lease Year (01/01/2016 — 12/31/2016): $110,400.00 payable in monthly <br /> installments of $9,200.00 each. <br /> Second Lease Year (01/01/2017 — 12/31/2017): $113,712.00 payable in monthly <br /> installments of$9,476.00 each. <br /> Third Lease Year (01/01/2018 — 12/31/2018): $117,120.00 payable in monthly <br /> installments of$9,760.00 each. <br /> Fourth Lease Year (01/01/2019 — 12/31/2019): $120,636.00 payable in monthly <br /> installments of$10,053.00 each. <br /> Fifth Lease Year (01/01/2020 — 12/31/2020): $124,260.00 payable in monthly <br /> installments of$10,355.00 each. <br /> Sixth Lease Year (01/01/2021 — 12/31/2021): $124,260.00 plus CPI increase, <br /> payable in twelve equal monthly installments. <br /> Seventh Lease Year (01/01/2022 — 12/31/2022): Sixth Lease Year's rent plus <br /> CPI increase, payable in twelve equal monthly installment. <br /> The monthly rent for the Extended Term shall be adjusted yearly on the <br /> Anniversary Date of the Lease Agreement by using the San Francisco-Oakland- <br /> San Jose Consumer Price Index, All Items, 1982-84=100 for all Urban <br /> Port 2 <br /> Seaport Refining <br /> 12/03/15;12/09l15 Ord P-265 <br /> �C����� <br />