In the section on rent calculation, the City states in the MOU that rent will be at a “rate of 2.25% applied to the aggregate land value.” Is that for 20 years?
It is the current (2022) annual rent, subject to escalation at 3.5% per year.
FCSNA2022-09-01T17:12:00+00:00August 31st, 2022|Categories: lease calculations|Comments Off on In the section on rent calculation, the City states in the MOU that rent will be at a “rate of 2.25% applied to the aggregate land value.” Is that for 20 years?
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