Laserfiche WebLink
AS( <br />October 1 198$ <br />Mr. Dick Boss <br />Gambling Manager <br />Little Canada Volunten. Vire Department <br />Little Canada Bingo Ea <br />2940 Rice Street <br />St. Paul, MN 55113 <br />Pe: Rent Adjustments <br />Dear Mr. Boss: <br />a <br />Pursuant to Paragraph •if your lease for space at 2940 Rice <br />Street, the following et adjustments are applicable. <br />9, <br />A. Real Estate t es and assessments attributable to the <br />Bingo 'operation are $'s .905.53, ($1.73 sq.ft.1 compared with <br />last year's tax of 52:.. :47.25, ($1.6025 se1.ft..1, a difference of <br />$1,967.68. Divided the seven days of operation, this <br />amounts to $281.10 atue 1 increase. <br />B. There was no u-rease in the insurance premium. <br />C. The pro rata .hare of utility costs attributable to the <br />Bingo operation increa -1 from SI7,500.00 to $18,373.67. an <br />increase of $873.67. .ided among Ihe seism days if' clynalIon. <br />this amounts to 5124.2. nniai inc-ease. <br />D. The increase e the C11 for the last year was 5.3%, <br />Applying this amount ! the. $7,580,00 or rent attrihutapie to <br />maintenance managemen. -nd reserves, increases thi s portion of <br />the rent to 87,981.74. <br />Therefore your annual at for the period 8/1/88 te 7/1/19 will <br />be adjusted as folios,- <br />Base Rent <br />Real Estate Tax* <br />Insurance <br />Utilities <br />Maintenance <br />TDTAt <br />Wrnberof <br />liVerna1OriVICouncilol <br />Shopping Centers <br />Page 16 <br />$19,571.42 <br />3,813.65 <br />581.15 <br />2,621.81 <br />7,981.7* <br />$34,1,00.08. <br />