The URL can be used to link to this page

Home My WebLink AboutSupplemental Information Received After Posting of Agenda - Item D and F from Robert GoldbergRobin Roberts From: Robert Goldberg <rgoldberg @live.com> Sent: Sunday, March 11, 2018 9:22 AM To: Sandra Massa- Lavitt; Thomas Moore; Mike Varipapa; Ellery A. Deaton; Schelly Sustarsic Cc: Jill Ingram; Robin Roberts; Craig Steele Subject: Questions and Comments on Monday's Agenda Packet Attachments: 3.12.18.Questions 3.doc; River's End.Revenue Hx from SLC.Calendar Year 3.xls; River's End.Historical Revenue 6.pdf; SLC.Rivers End Income,Memo 7.1.16 2.pdf Dear Council Members, For your consideration, I have attached several questions and comments on two issues for Monday night: the restaurant lease and the emergency water line repair. Thank you for your service, Robert Goldberg Questions & Comments for 3/12/18 Item D: Restaurant Lease The staff report states that the total monthly revenue (base rent plus percentage of gross receipts) from the prior tenant was approximately $5300 per month in calendar year 2017. This one year figure is used as the comparator to the proposed new rent of $6700 (with no payments based on gross receipts). However, I hope that the Council was informed during negotiations that monthly revenues typically exceeded $6700 in more distant years past. Specifically, in the nine calendar years from 2004 -2012, the total monthly revenue averaged $8550 with only five months below $6700. This can be seen in the attached spreadsheet (or pdf) from the State Lands Commission (SLC) which I received in October 2016. 1 originally requested this data since the SLC was using it in part to support their proposal to charge the City $65,000 annually. The spreadsheet does show a dramatic drop in revenue in 2013 and 2014. However, this was due to an obvious anomaly of there being $0 paid from gross revenue from January 2013 through March 2014. These payments resumed in April 2014, but at substantially lower levels than prior to 2013. A SLC staff memorandum dated July 1, 2016 (see attached pdf) states that "The reported income from River's End Cafe shows a substantial reduction in income beginning January 2013 through May 2016. The City reported that the restaurant continued normal operations during the period, and is investigating the anomaly." The memo goes on to state that "The last 4 years in which River's End under - reported income was not included in the income average due to apparent reporting inconsistencies and are not considered as being representative of the true income received." This issue raises the following questions of current relevance to the reported $5300 in monthly income in 2017: What was the cause of the income under - reporting during 2013 -2016? Was this resolved prior to 2017 so that we can be confident that the figure of $5300 per month is "representative of the true income received ?" Is so, do we have any idea why the average total monthly revenue dropped from $8550 during 2004 -2012 to $5300 in 2017? This occurred despite a rise in the monthly base rent and inflation. A second, unrelated concern that I have is the responsibility for cleaning of the adjacent detached public restrooms. The prior lease made it very clear that this was a responsibility of the tenant: "6.3 Maintenance of Premises. Tenant shall on a daily basis clean and maintain in a manner presentable to the public, the public restrooms located on the Premises. Tenant shall keep the interior of the Public Restrooms and the entirety of the Premises free of graffiti." The analogous language in the new lease reads: "63 Maintenance. Tenant shall keep the interior of the premises (including the restrooms) and all fixtures therein in good condition and repair." This substantial change in language raises two questions: Under the new lease, which party is responsible for daily cleaning of the detached public restrooms? If the City is assuming this responsibility, what is the estimated annual cost? Item F: Emergency Water Main Repair The staff report and resolution cite Charter Section 1010 authorizing the waiving of bidding requirements due to the urgent necessity of the repairing the water main. However, staff not only waived bidding, but also proceeded to have the work begin before Council approval. The latter action is not consistent with very specific language in Section 1010 which prohibits this: "Contracts likewise may be let without advertising for bids, if such work, supplies or materials shall be deemed by the City Council to be of urgent necessity for the preservation of life, health, or property. In either event, the Council shall adopt a resolution with findings supporting the letting of a contract without advertising for bids by at least three (3) affirmative votes of the Council, after which the City may proceed to have such work done" This charter inconsistency could have been avoided in two possible ways: 1) An emergency item could have been added to the agenda for the regular Council meeting on December 11`h requesting Council approval under Section 1010. Repair work could have then proceeded on December 12`h. This would have delayed the start of repairs by only 3 -4 days (pipe break was on Friday, December 8`h). 2) If the urgency of the repairs were such that a 3 -4 day delay would create the "existence or threatened existence of a local emergency," the City Manager could have authorized work to begin immediately without bidding by issuing a formal proclamation of emergency under municipal code section 3.25.020.A.2. This proclamation must be ratified within seven days by the Council, which could have happened at the regular Council meeting on the 1 1`h. SOURCE: EMAIL 10/7/16 FROM KATHRYN COLSON @ St Lands Commission UlmdarYxr]WL !19¢Ren41103L000.316'al IAN IAN I He M11R AN JUL 6UY SEP JUN NDY JUL Alw SIR I OR I NOY I DEC I RITAL Swap COmmercal Real Estate AN I I I I I G,n, Cmmmercial Peal Estate: XOV Base Rent $ 1116667 S 41(667 $ 1.166.67 $ 10.66.611 $ 1,166.6) 5 l }IM.6) 5 1,166.67 S 1,1666) 5 1,1666] 5 1,16667 5 11(6.611 $ 1.166.0 $ 14,0.V.01 Gross Revenue /BwWNN 5 6,61822 S 6,519.48 $ 6163.fi0 5 6,4".0 5 6373.65 5 6,113633 5 10,905.56 $ &33)58 $ B,U).58 $ 9,85116 $ 63%63 $ 6A >L14 5 89598.83 21 5 ),]85.49 5 7..615 S 7,630.2) $ ].651.68 $ 7.)10.31 $ ).90}.99 $ N' $ 9,50125 $ 9,501.15 $ 11,01 >." 5 ),x63.50 $ ),0761 $ 1159887 Base Rent 5 1,14.0 5 1,166.67 5 114.67 $ 13.66.67 $ 1,166.6) $ 4166.6) $ 1,16667 $ 1,166.6) 5 1,166.6] $ 4166.6) $ 1166.67 $ 1,166.6] 5 14,000.041 GrOx Reemoe /Bin -Wlrrt $ 4319.64 $ 5,.61 $ $,654.32 $ 6$)1,524 $ 6,)1].3) $ ),9®.ID $ 9A76A1 $ I1,U(LM $ 11,231,C6 $ ],W331 $ AnEA, 5 $ 6,56}.63 $ e9.%5.1) TON]RIw /sFM S 8.466.31 S 686)2. S fi... 5 leill. S LWb S 9.1342) S 20..)60 S I1S9] . 5 7]37])5 $ 6.USY S 5131.02 S 7.62939 S 1113.965.21 UNMarYwrm IAN FEB MAR APR SAY JUN JUL AUG SEP OR NDY OK TOTAL Prue Renta11034-0 31690 S 1,)3).50 $ 423)50 $ 1.33 >.W $ 133).50 $ 3,2)5.00 S 13)5.00 S 1.3)5.00 $ 112580 $ I.i8.1 $ 1,28.1 5 12]5.00 $ 12]5.00 5 35,150.1 $ 5,966.29 $ 6,543.$5 $ 65".0 $ 63Mix 5 266.6a 5 W3�.55 $ }8)4.85 5 M.6'l.li 5 gl1L1A 5 1163).]8 9),0811 I I I I I MAR AN I I I I I G,n, Cmmmercial Peal Estate: XOV Base Rent $ 1116667 S 41(667 $ 1.166.67 $ 10.66.611 $ 1,166.6) 5 l }IM.6) 5 1,166.67 S 1,1666) 5 1,1666] 5 1,16667 5 11(6.611 $ 1.166.0 $ 14,0.V.01 Gross Revenue /BwWNN 5 6,61822 S 6,519.48 $ 6163.fi0 5 6,4".0 5 6373.65 5 6,113633 5 10,905.56 $ &33)58 $ B,U).58 $ 9,85116 $ 63%63 $ 6A >L14 5 89598.83 21 5 ),]85.49 5 7..615 S 7,630.2) $ ].651.68 $ 7.)10.31 $ ).90}.99 $ N' $ 9,50125 $ 9,501.15 $ 11,01 >." 5 ),x63.50 $ ),0761 $ 1159887 Twl RNea'a EM S Q11 ...M IAN FEB MAR AN MAY JUN JUL AW SEP OLT FEW I BEC TOTAL RPp Rental IOHdOP31650 $ 1,312.50 $ 1.31230 $ 131.50 5 153230 $ 13521 $ 13511 $ 135108 5 1.3521 $ 1.353.08 $ 135208 $ 1352.08 $ 135268 $ 16A66.6a $ fi31.9) $ 662333 $ 6,)86.32 $ 682)85 S 6,8886 $ 71154,82 S 7,741.07 $ ),00.2 $ 9,20.1 $ 8302" $ 8,74.0 $ 6,10565 $ 8&659.59 $ }269.4) )935.)1 16.82 S B .35 $ 1010.1 W 9M.0 8 130 M"L8 9854.91 5 W .18 7 ").8 10426.23 1391 .6) $ 1.,53.0 $ 163x9." 6NMn Yxr2014 JAN HR WR APR Use Rent Bmem C.nnarclal All EUaa'. 1A34.42 $ Base Ran[ 5 l.lfi6.67 5 1,IM67 S 1,166.0 $ 1.16667 5 1166.0 $ 1.166.0 $ 1,166.0 5 1366.67 $ 1166.67 $ 116667 5 1166.0 $ 11660 5 14p70.041 Gams Rermre /Ban -Wire S 6.]02.]3 S 6.67288 5 6513.86 5 6543.8 5 5.05.54 5 131.167 S 1368.131 $ 9582,52 S 9.]85.60 S 6..291 $ 651.75 $ 64.2 5 8354.75 6NMa,yel l h11j FEB MA0. APR MAY JUN JUL AW We WI NpV Ul Bari; Commertal RNI f.. Base Rent .0 $ 1,166.67 S L106.0 5 1.166.0 $ 1166.0 5 1,1!60 5 1,166.0 $ 1,1666) 5 1,166.0 $ I,IE6.0 $ 1,1660 $ 1.166.67 $ firms Revenue /Ben -Wine .63 $ 46..36 $ 6,8106 $ 6, 567.58 5 6.S56 5p $ 70$141 5 6,5038 $ 8.6053 S 11,71689 $ 7,382.65 5 7,38136 $ 9.1156136 5 BanOp Commercial Peal Estate'. Base Rent 5 1,1167 5 1,16667 5 4166.0 $ LIMP S 1301.0 $ LML67 $ 1,201.0 $ I,M 67 $ 120167 $ LM A7 $ 1.M1.67 $ 1,201.0 $ Grosz Revenue /Beep Wine 5 6,M2.17 $ 7,5 1.31 $ 6,890.52 $ 6M.18 $ 6893.88 5 9.124.01 $ ),690.)6 $ 8.13168 $ 7,603.76 5 )..L9) $ 6.806." $ 6,85).86 $ Ban cap Commereial Real FSble'. BaSl Pent 5 61,01.67 5 1,20767 5 1,301.0 $ I,MLO S 43311.50 $ I,=M 5 417.90 $ 423)30 S 133)50 $ 423]30 S 133759 $ 333730 5 Gins Reu.Iseer Wine $ Itt". 5 660.25 $ 6,698.05 $ 6,665.. 5 6818.61 $ 420026 $ &06676 5 10,53659 $ 1141136 5 6,70)39 5 I131L39 $ 735650 $ ToalRMhfnd S ),55117 S RXM.9] S 7RW.11 S )11,5)15 S 81166.1 S R.IiSM S 9.303.76 5 11.68.09 5 8.651.76 5 6,575113 $ II44e.B9 S 8S54l1D $ Calendar YUr M10 Nbe Rena 103110691650 IAN REB MAR AN MAY JUN JUL AW SEP Mi NOV DEC 8111,51 Sin-, Commercial Peal Estate. Base Rent Grins Revenue /Bes, Wine Tend RNer's End S 1,)3).50 $ 423)50 $ 1.33 >.W $ 133).50 $ 3,2)5.00 S 13)5.00 S 1.3)5.00 $ 112580 $ I.i8.1 $ 1,28.1 5 12]5.00 $ 12]5.00 5 35,150.1 $ 5,966.29 $ 6,543.$5 $ 65".0 $ 63Mix 5 266.6a 5 W3�.55 $ }8)4.85 5 M.6'l.li 5 gl1L1A 5 1163).]8 9),0811 jS 7A3.719 S 7710.OS $ 1786.37 $ )26)84 S 1008.38 $ 1 55 $ 91 0.85 $ 11.9nD $ M0124 $ U1I2U I SAM 17 5 IL999-SS 5 t l.W 43521 $ 61mtln Yall Pna Real 103416316501 JAN FEB MAR AN MAY JUN JUL AUG I SEP OCT XOV CfC TDfRL F., Commertal All Been, Base Pmt Gross Revenue /Beer -Wlrre T9aIRMls Entl 5 1375.00 $ 138.00 S 1.2)5.00 $ 13)580 S 1511.50 5 1. 31-1 S 4311.50 $ W.. 5 J,312.50 5 152.50 5 13130 S 13230 5 15800.00 $ 6 .651." $ 7,41R 9% $ 6 ,594.61 $ 4653.8 5 8,813.05 $ 81".31 5 7353.3) $ 41)50 5 ),3..13 $ 9 85 $ 6,61352 $ 68252 $ 8102.. $ J926.b 5 8.365 $ ))69.61 5 ) 28)5 $ 10145.55 $ 9456.81 $ 8) 5 23611.1 5 863263 $ 10.3)1.35 $ ]93802 ] 97 12.66 $ S Glendar YearM1 WoeRma 034 -006316501 IAN HB FAIR AM We JUN JUL AW SEP UC! NW I DEC Tl3TLL 9arrap Commertlal Real fste. Base Rent Gross Revenue /Baer WRY Tsal Reels BM $ 1,312.50 $ 1.31230 $ 131.50 5 153230 $ 13521 $ 13511 $ 135108 5 1.3521 $ 1.353.08 $ 135208 $ 1352.08 $ 135268 $ 16A66.6a $ fi31.9) $ 662333 $ 6,)86.32 $ 682)85 S 6,8886 $ 71154,82 S 7,741.07 $ ),00.2 $ 9,20.1 $ 8302" $ 8,74.0 $ 6,10565 $ 8&659.59 $ }269.4) )935.)1 16.82 S B .35 $ 1010.1 W 9M.0 8 130 M"L8 9854.91 5 W .18 7 ").8 10426.23 Ba Commercial Real Esaye: IAN HB IMR AM SAY JUN Rep Gaye Pent $ 13521 5 43521 $ 1,353.1 5 1553,5 5 1593.0 $ 1,393.0 $ 4393.0 $ 4393.6) $ 1,393.0 $ 1393.6] $ 439).611 5 1.3920 $ 16,549.11 firms Reseree /Beer -Wire f f $ $ $ $ $ S $ $ $ f S TeMIRM1eJs End 5 1353.1 5 135208 5 4352.1 $ 13521 $ 1392.0 $ 1.3920 5 1393.0 $ 13920 $ 1,3920 $ 1393 .6) $ 1391 .6) $ 1.,53.0 $ 163x9." 6NMn Yxr2014 JAN HR WR APR Use Rent WY 1A34.42 $ JUN 1,4..42 S IUL lA77,W $ AW 1,4]).59 $ UP 448.50 $ W I NM 1C 1 -1 Nw Real xY6631S51 264.80 $ )34.66 5 I 1586.0 5 311676 $ 3,331 1 S 515.65 5 I 4328.88 $ I 3.2".3 5 2,575.35 5 333.,15 TPW Rival E $ 1698.22 $ I 2,58336 $ 3,53369 $ 4395.26 $ 4,Mla $ 45W.15 $ 5,92935 $ Bare,L x.24 W." 4.24819 $ 4,.0.76 $ 395285 5 50,01.81 4MMarVw]016 Irm Rarb 118-0163165I31H0 IAN FEB Mr1I AM Base pint 5 1,392.67 5 1392.6) 5 1,392.6] 5 13920 5 134." 5 4"x.x2 5 1,5MA2 S 1,43.2 $ 1,534.42 f 4434.43 5 LaISA3 $ lA3"12 5 2p16.1 Grins Revenue /ReanWM 5 - $ - S - 5 1630.43 $ 3JS9.M 5 3353.72 S 331.75 $ 261,61) $ 3,035." 5 1,9"38 $ 418.35 $ 961. 5 .,1..15 (almtln Vem 2615 IAN HB IMR AM SAY JUN JUL AW I SEP Prue Rental 114�a145$ /116501 1 1 I I..b, Well Use Rent S 1A34.42 $ 1 ,43A.42 $ 1,4..42 S 1AMAZ $ lA77,W $ 1,4)).30 $ 1,4]).59 $ 1AP30 $ 448.50 $ 1.4"50 S 1.477.50 5 1,4n,W 5 17557.1 Gross Revenue /Bw WAte $ 264.80 $ )34.66 5 1,148.% 5 1586.0 5 311676 $ 3,331 1 S 515.65 5 4,551.65 5 4328.88 $ 13..1 $ 3.2".3 5 2,575.35 5 333.,15 TPW Rival E $ 1698.22 $ 211.1 S 2,58336 $ 3,53369 $ 4395.26 $ 4,Mla $ 45W.15 $ 5,92935 $ 5124.38 $ 4.24819 $ 4,.0.76 $ 395285 5 50,01.81 4MMarVw]016 Irm Rarb 118-0163165I31H0 IAN FEB Mr1I AM MAV PY1flc Wn1: Bale Rea $ 147.50 5 1.4"M 5 1,477.W 5 1,530 $ 132135 Gins Revmue /Bw -Wine 5 1213 29 $ 5 4,986.81 $ 2Y]3) $ 3.11.85 TeMI RNer'SFM $ 3,279]9 $ 1,47750 1 6,461.31 1 43"11 S 026.W i State of California MEMORANDUM Se e To: File From: Randy Collins Subject: Determination of Rent — City of Seal Beach BACKGROUND: 1 California State Lands Commission Date: July 1, 2016 File: PRC 3792.1 Dates of current lease: Beginning June 22, 1967; expired June 21, 2016 Current annual rent: Public Benefit Application for a General Lease — Public Agency Use; for the use and maintenance of an existing pier with a life guard tower, concrete sheet pile groin, a maintenance and storage building, restaurant, public restroom, picnic area, planter areas with retaining walls, three parking lots, a tot lot with a perimeter wall, and the construction, use, and maintenance of a seasonal flood control berm to prevent beach run -up during winter months, and the seasonal placement, use; and maintenance of temporary lifeguard stations, previously authorized by the Commission, City of Seal Beach, Orange County. The City of Seal Beach (City) has 4 leases /agreements with third parties that generate income to the City. Income is generated from the public fishing pier, a restaurant, and three parking lots. DCOR, LLC and SoCal Holdings, LLC each have a separate parking and landing agreement with the City that allows their employees to park in the parking lot while loading and unloading supplies to service offshore oil platforms. The City separates monthly payments into two categories: 1) Parking Income, and 2) Landing Income. The City was able to provide 2 years (DCOR) and 3 years (SoCal Holdings) of income for this analysis. ABM Parking Services has a contract with the City for the collection of fees and maintenance of the three parking lots. This contract had a term of one year and is currently on a month to month basis. The River's End Cafe is a restaurant located on sovereign land near he Sane Gabriel River. The City's lease requires a nominal minimum monthly payment in addition to 6 percent of gross receipts of food sales and 7 percent of gross receipts on beer & wine sales. The City provided 13 years of income for this analysis. The reported income from River's End Cafe shows a substantial reduction in income beginning January 2013 through May 2016. The City reported that the restaurant continued normal operations during the period, and is investigating the anomaly. CSLC staff did not include that income in this analysis. 1 of 4 OBSERVATIONS CONSIDERED DURING THE REVIEW OF LEASES & AGREEMENTS FOR THE EVALUATION OF RENT ALTERNATIVES BASED ON A PERCENTAGE OF ANNUAL GROSS INCOME 1. DCOR Parking and Landing Agreement: • Two years of reported income averaged. • The sovereign acreage of the 81h and 10th Street Parking Lots equals 34 percent of these two lots. The 1st Street Parking Lot was excluded From the DCOR Parking Agreement as it is too far removed to be used by DCOR employees to access the pier. 2. SoCal Holdings (Previously OXY) Parking and Landing Agreement: • Three years of reported income averaged. • The sovereign acreage of the 8th and 10th Street Parking Lots equals 34 percent of these two lots. The 15t Street Parking Lot was excluded from the SoCal Holdings Parking Agreement as it is too far removed to be used by SoCal Holdings employees to access the pier. 3. River's End Cafe: The first 9 years of reported income was averaged into the income total. The last 4 years in which River's End under - reported income was not included in the income average due to apparent reporting inconsistencies and are not considered as being representative of the. true income received. 4. ABM Parking Services Agreement: This agreement has only been in place for a year and is currently on a month to month term. The sovereign acreage of.the 15' 81h and 10th Street Parking Lots equals 48 percent of the total acreage for these three lots. Staff review of a Monthly Sales Journal Report (12/31/2015) shows off -sets that would typically be characterized as costs and are not discounted in calculating gross receipts. SOURCE: EMAIL 10/7/16 FROM KATHRYN COLSON @ St Lands Commission Okuda, Tear 2N1 I IAN I FEB I WR I AM I MAY I JUN I JUL I AM I SEP I OCT I NOV I DEC I TOTAL bancap Commercial Real Estate: Base Pent $ 1,166.67 $ 1,166.67 $ 1,1 ".67 5 1,166.67 $ 1,1 ".67 $ 1,166.67 $ 1,166.67 $ 1,166.67 $ 1,166.67 $ 1,166.67 $ 1,166.67 5 1,3 %.6 $ 1ANKLN Grass Revenue /Beer -Wine $ 7,319.64 $ 5,700.61 $ 5,654.32 $ 6,5)1.0) $ 2,)11.3] $ 7,966." 5 9,0]6.01 S 11,43&69 $ 11,221.08 $ 7,079.21 $ 4,764.35 $ 6,462.62 5 6, %5.1) Total 1165 End &4 %.31 6.111 fiANI% ).73)]4 ].P84A6 9.134.8) "]42.68 1 1259).36 I 1138].]5 I 814588 S 5.933.02 S 7.6".29 S 103965.21 Bancap Commercial Real Estate: Base Rent Gross Revenue /Beer-Wine TnblRNels End barcav Commercial Real Estate: Rase Rent Gron, Revenue /Beer -Wine Told RNers End 1,166.67 $ 1,1%.6 S L1 66.67 $ 3,166.67 $ 3,166.67 $ LI %.67 $ 1,166.67 $ 1,166.67 5 1,1 ".6 $ 1,16687 $ 1,1 615.6 $ 1,16667 5 14,000.04 1,166.67 $ 1,166.67 $ 1,166.67 $ 1,16647 $ 1.1 ".67 $ 3,166.67 1,166.67 $ 1.166.67 $ 1.166.67 $ 1,$66.67 $ 1,36667 $ Bancap Commercial Real Estate: 5 1,434s2 $ 264.6 $ 1,434A2 $ 73486 5 L434.42 $ 1,148." $ 1,434.42 5 1,56.6 $ 1,477r so 5 3,116.76 $ 1.477.50 $ 3,3"." $ 1,477s0 $ 5,095.65 S 1p77.50 5 4,451.6 5 1pnso $ 4,328.88 $ 1,41TY.50 $ 3,37089 $ ipnsD $ 1,4ns0 3,263.26 5 ;4.0.35 e9$ ',s 1,6 9.22 2,16.08 ;56,36 3,023.09 47",26 4,]6.14 6,X315 5,92935 5,606.36 4,1549.19 Base Rent $ 1,1"6] $ l,l %.67 $ 1,166.67 5 1,366.6) $ Ll %.67 $ 1,166.6] S Ll %.6) $ 1,166.6) $ L366.67 $ 1,1 %.6) $ 1,166.67 $ 1,l %.6) $ 14,de" Gross Revenue /Beer Wine $ 6,653.43 $ 6,61038 $ 6,)12 .0fi $ 6,567.58 $ 6,556.50 $ 7,052.% $ 6,56).58 $ 8,60152 $ 11,716.89 $ 7,36A5 $ 7,281.28 5 9,0. %.O6 S 91$77.92 Total RNeYS End �} ],820.10 ),) %OS ],8)8.)3 $ ),]34.25 $ ],0.3.1] 8,219.66 ),71,1.15 9,768.19 12,883.56 8,549.33 8,"].95 11,022.73 105$77.% 11,6)1,09 8,651.76 8.025.9 $ 12,4413,89 8,554.00 1 06,807.45 GkMar YUr"" hen Rmte11034D 316501 1,521.75 JAN FEB MAR AN Gross Revenue /Beer -Woe calendar Year 2We JAN FEB MFR APR WY JUN JUL AM SEP OCT NOV DEC TOTAL hen Ranta1 In,I A 0116501 4,3 4417 5 4,626.60 I I I I Ba—p Cwnmergal Real Estate: 1,237.50 5 1,23750 $ 1,275.0 $ 1,2n.N $ 1.275.00 $ L275.N $ 1,275.00 $ I,27S.W 5 1,275.00 $ 1.275.0 5 15,150.24 Gross Rermue /Beer -W e 5 Box Rent $ 1,1 ".6 $ 1,1 %.67 $ 1,1 %.6 $ 1,1 %67 $ L201.67 $ 1,201.6 $ 1, "1.67 $ 1,N1.6 $ 1,201.67 $ 1,20167 $ 1,20167 $ LMAT 5 14,280.041 Grass Revenue /Beer -Wine $ 6,702.1) $ 7,023.38 $ 6,8%.52 $ 6,7"58 $ 6,893.418 $ 9,124.01 $ 7,6% .76 $ 8,131.68 $ ),60276 $ 7,791.97 $ 6,806." $ 6,85716 $ 86,280.05 ToblRMrs Fnd ),a %j l% &� ).93115 &095.55 $ 10,325.fi8 &831,43 9.33335 8.8 %.43 & %3." 8,008.15 805953 10 ;560.09 8aneao Commercial Real Evert. 5 1,434s2 $ 264.6 $ 1,434A2 $ 73486 5 L434.42 $ 1,148." $ 1,434.42 5 1,56.6 $ 1,477r so 5 3,116.76 $ 1.477.50 $ 3,3"." $ 1,477s0 $ 5,095.65 S 1p77.50 5 4,451.6 5 1pnso $ 4,328.88 $ 1,41TY.50 $ 3,37089 $ ipnsD $ 1,4ns0 3,263.26 5 ;4.0.35 e9$ ',s 1,6 9.22 2,16.08 ;56,36 3,023.09 47",26 4,]6.14 6,X315 5,92935 5,606.36 4,1549.19 4,)20.)6 3,95385 Base Renl $ 1,101.67 $ L "1.67 $ 1,201.67 $ 1, "1.6 $ 1,237.50 $ 1,23750 $ L237.50 $ L23750 $ L237.50 $ 1,23750 $ 1,23].50 S 1,237.X S 14,71il.fi8 Gross Revenue /B. Wine $ 6, "910 $ 6,8615 $ 6,698.05 $ 6,685.)8 $ 6,828.61 $ 7,200.76 $ 8,0%.26 $ 10,434.59 $ 7,414.26 $ 6,78759 $ 11,211.39 $ 7,326M $ 92,100.7] Total RNNS End ),851.3] 8.0 %.92 7.01 5 ],88).45 8.066.14 $ 8,438.26 $ 9,303.76 11,6)1,09 8,651.76 8.025.9 $ 12,4413,89 8,554.00 1 06,807.45 GkMar YUr"" hen Rmte11034D 316501 1,521.75 JAN FEB MAR AN Gross Revenue /Beer -Woe WY $ JUN 2,86.37 $ JUL AUG SEP Oti NOV DEC TOTAL Bancap Commerdal Real Estate: 3,226.)9 1,4 "50 5 6,461 5 4,3 4417 5 4,626.60 Base Rem 5 1,)37.50 $ 1,237.50 $ 1,237.50 5 1,23750 $ 1,275.0 $ 1,2n.N $ 1.275.00 $ L275.N $ 1,275.00 $ I,27S.W 5 1,275.00 $ 1.275.0 5 15,150.24 Gross Rermue /Beer -W e 5 5, %619 $ 6.SRS5 $ 6,5441.8] $ 6,520.34 $ (266. ") $ 10,380.55 $ ],8]4.85 $ 1%698.13 $ 11,417.24 $ 11,83].111 $ 11,6].1] $ 7,72455 $ 00.,0108 Total Aser'4 End ; "3.]9 ),"0.05 1 71383) $ 1)5).81 1 1,008.36 11,655.55 9,149.85 Il 73.13 12,692.24 13112.18 t 13,112.17 S &9 %S5 5 11 2,231.6 TAkMerYUr "i] hOO Re"tai i034UDD316501 JAN FEB PAR APR MAY JUN JUL A. SEP OR NOV DEC TOTAL Bancap Commercial Real Estate: Base Rent $ 1.275.00 S 1,275.24 5 1,275.D0 $ 1,23.24 S 3312.X $ 1.31250 $ 1,31250 S 1,31250 5 1.312.50 5 1,33250 5 1.312.50 5 1.31250 $ 15,600.24 Greens Rewnue(Ben, oil $ 6,651." $ ;410.65 $ 6,494.61 $ 6,653.]5 $ 8.63.5 $ 8,1"31 $ 7,03.37 $ L047.50 S 7,320.13 $ 9.0X65 $ 6,613.52 5 6,61352 $ 62A32.65 TImI RNerS End $ ;926." 8,96.65 5 )"9.61 ]192&]5 10,14555 9,456.1 8, 4658) $2,M.W S 8.63283 5 10371.35 S 7926.02 S )936.0) 5 97,6126 calendar Year "I2 JAN FEB MAR APR M,aY JUN JUL AM SEP OLT NOV DEC TOTAL Pros Rental (034240316501 Bancap Commerdal Real LsMe: Base Rent $ 1,31250 $ 1,31250 $ 1,31250 $ 1312.50 $ 1,352.015 $ 1.352.8 $ 1,352.08 $ 1,35248 $ 1,352.08 5 1,352.8 5 1,351,08 $ 1,352.08 5 16,066." Gross Revenue /Beer-Wine $ 6,3 %.9) $ 6,62311 $ 6,]6.32 $ 6,92'785 $ 2,) "86 $ ),15482 $ ),)4).0) $ 7,6X.22 $ 9,26.69 $ 6,502.83 $ 8,)46.10 $ 6,111 $ 88,659.59 Total RNer's End S ].709.6) S 7415.]) S eIK6.6 S B2b 35 S 8)0090 S 8506.90 S 9.099.15 S &%230 S 10841" 5 9.854.91 S 10.Di $ 7.4933 $ 1 04.7723 Banuv Co-me-al Real Eamd. Rase Rent $ 1,352.06 $ L352.0 $ 1,352.08 $ 1,352.08 $ 1,392.6 $ 1,392.67 G. Revenue /Beer -wine $ $ $ g $ $ - Tota18NN's End I i 1.352.09 139.6 z I R" 0H a 13576 I 139] fit r 1.392.6 Rancap/Peiflc warm Base Rent $ 1,392.6] $ 1,392.6 $ 1,392.6] $ 1,391.6 $ 1,434,42 $ 1.434.42 ve $ Gross Revenue /Beer -Wine is $ $ $ 1,630.42 $ 3.159." $ 3,353.]2 $ ToW R1eN's EnO 15 1.392.67 5 1,392.6 5 1.392.67 5 3.023.9 5 4.5 114.26 2,)8814 1,392.67 5 1,392.67 5 1,392.6 $ 1,393.67 5 1,392.67 5 L392.67 $ $ La34.42 $ 1,434.42 $ L434.42 5 1,434.42 5 LAMA2 5 f J6046" 9 i 035 26 9 1984.30. 3 L172.25 $ 962.79 S Pans, Wert. 9au Rent Gross Revenue /flee, Wine TobI RNeYS Entl 5 1,434s2 $ 264.6 $ 1,434A2 $ 73486 5 L434.42 $ 1,148." $ 1,434.42 5 1,56.6 $ 1,477r so 5 3,116.76 $ 1.477.50 $ 3,3"." $ 1,477s0 $ 5,095.65 S 1p77.50 5 4,451.6 5 1pnso $ 4,328.88 $ 1,41TY.50 $ 3,37089 $ ipnsD $ 1,4ns0 3,263.26 5 ;4.0.35 e9$ ',s 1,6 9.22 2,16.08 ;56,36 3,023.09 47",26 4,]6.14 6,X315 5,92935 5,606.36 4,1549.19 4,)20.)6 3,95385 calendar Year "16 JAN FEB NAR AN IMY Roo Rental fi)L 30455]316X1 I I eadln West Base Rent $ 11477.50 5 1,47750 5 1,4".50 $ 1,4750 5 1,521.75 Gross Revenue /Beer -Woe $ 1. %2.29 $ $ 4,9 96.81 $ 2,86.37 $ 3,104.85 Total RNW, End 3,226.)9 1,4 "50 5 6,461 5 4,3 4417 5 4,626.60 N W W fl L'i N n N N w 0 N 0 " 00 Ln Ol tD N 0000 N N 0 coo O N N M N to N V1 N h � tMD N t0 00 CO lU J N tD 00 N N N N N N Q [ ~ O O h m m D c O N O �^ m '^ M N tD 00 V O N '^ Ol cN L N lD 00 u OM O, N tD 00 0 O in to N j Q C D N N N U M N ✓1 v ti in a v0 V .-i Ln N a a0 'v M U M U C CL N tMD 00 LL a N r 0� m m c c nr Q N tD m v Q N 00 N N N N N N Z 4 M M tD � a N tD f0 N lD 00 f0 N 1� 01 C N lD 00 C N tD 00 N N N N N N LD N lD 00 N P m t1 N tD 0 LL N tD 00 N N N N V 1 N � tD y C M M tD C V N tD ,y N lD 00 ,y N 1� O) N N lD 00 N N w m N N N N N N M N O N N rn N w N T d LDD W y I� O N % 00 N tD 00 N An N V 1 V? N > m M ID > a N w 0 N lD 00 D N P Oi Z N lD 00 Z N W 00 N N N N N N M u N LDD 00 u N N m O N tD 00 O N tD W N V) N V? t A N M N a. M M ko tD a N lD N tD 00 N P to N tD 00 to N tD w 00 co N o N u N n j LDD 00 N Ol Q N tD 00 Q N tD 00 N N V) V1 V1 N N t0 N tD W j r N P 01 N to 00 — N tD 00 Ni?N N NN N tL h lU W Q [ ~ O O h m D c O N O �^ m '^ M V O '^ a O n OM O u OM O, LL 0 O 0 j Q C D U O O OC U O O O C w > v ti in a v0 N a a0 'v M U M U C LL LL a m m c c nr m c c� v Z 4 `o y ti c N M N Of c C qOl U J lA E 0 w X O/ J C Ol N K 9 C W d C d C uN 6 U � � Z W Q C Y N � G V i C O m, m 0 o m n N n .+ Vf N :ii O n m �a m m m of N Vf S N m m ry m a rn o � m � rn d n c6 0 ry m ry m m .n vi m m N .N. ro n ri ri m N N w n N N m pn� M l0 00 n ti N N 8g N 8 a m n ti N � 8 w w m a N V1 w T 01 n .+ n O N N m m fi n .+ N N e� O m m o .+ n d T ti m .+ d c O W s pQN S ]ayxYT�( T o °J c d Q N W m _ A 2 a v m a m T b c f 0 0 T 0 0 i i v a O n N ry n d M O KI m.+ry H NH T N m CO N m C � V1 n a m � ri ro m m o� � � m W v W .+m M d c O W s pQN S ]ayxYT�( T o °J c d Q N W m _ A 2 a v m a m T b c f 0 0 T 0 0 i i v a w O v m a r M f0 d } v C d N V J N E O X 2 W c Ol N w N C O! C 880 p m N V! Vf O N Vf " O O N .ti Ol N VY O N O Vf A ^�-1 N r1 p1 N N O O to A F 0 00 N P! el N m 1A vA 0 a0 V O Vf 000 o vi moo o mm O O O go O N r1 N r N N m C u/ O N O N ut C t0 �O C O n n n oo ri ': oo .ti ri ao 4 n 00 VT N Vl N VT VI N H N VT N N 0 8 0 O N M A O O > � .my .ti n m W rl P. 0 W N vl �A +n N V? to Vp� N N O O O pN pN 0 0 .�-t N N FI .M-I m 8 Lq p. O tD tLl p, iJJ n n Q O ri 00 Q N n W Q ti n 00 Q M n 00 N V1 t/� Vf of Vf N Vf VT Vf ppN u01 Lri m O IO LO f0 n n N ri 00 N n` W N n 00 � Ntn V! Vf vF VAN Vf ppN 01 m m O n W d O v y O tD d P l LL w rl n 06 ^ 0 LL rl n W �A Vf V} t/1 V1 N Vf Vf N Vl 0 0 0 H P'1 i N N A C ul m H O IO N O n n Vl V! VT �A N N N 1A V} N o $o �n mao o mm m V u N N M w N O N y O kc W O n n V1 Vi V} VT N 1A N N N N 00 ui m W 0 m m N O O b O n n O O O r p Z Z .+ ao Z .+ n m Z Vf Vof Vf N VT N W N N Vf ii ii O N m t m Ts O n g O O .ti P. 06 O O tp .ti is 06 O 1 ri 00 �A 1/} N V1 Vf N Vf VF N Vf O N ON r y N W O lc N O n N VI N n 0p IA .-1 n 00 N N n 00 Vf 4} �A Vf N N Vl N N Vf N N m m O 00 00 N m N N m > > O 0 Q Q N n 00 Q N ri 00 Q N ri W V1 Vf N VT N N Vf N Vl Vl 0 o o m m o h m aoo0pf 0 ry .i m > > — > C 0 > p n n .ti n ao .ti ri ao ,-i is ro N U L U U O Lu M N C �¢ m M N Q O N 0 C p . 0 C p m C N 0 O 0 p M C, V m aO u ` O c x c x . V p o x O o O c p Om M c m m x a •ti ? O u OJ u D OJ p V D OJ ju , 1� N °m N LLp m a,s O v > H m VI O ul O LL U m A ppp m C m C q C ry U h cF a a 3 ° o z w O v m a r M f0 d } v C d N V J N E O X 2 W c Ol N w N C O! C