the contracts would be with thesen krupp elevator and not to exceed an amount of $11 million. the agreement for the escalator not to exceed $17 million. they run through december 31, 2018. they were the result of an rfp process with receiving the highest scores on the different contracts. the budget analyst recommended approval but i will be happy to answer any questions. >> any questions on 5 and 6. do you want to talk about 7 as well. single family -- why don't you do that? >> item no. 7 is seeking your approval for a new lease agreement with travel agency to provide passenger and amenities for a full travel agency, luggage story, shower facilities and luggage services. the proposed least -- least is for the terminal and has a term from january 1st, 2014, through december 31, '20/20. the lease has a minimum guarantee rent amount of $180,000 per year or 50 percent of gross revenues whichever is greater. staff estimate based on the current lease the travel agency will pay the rent. the proposed lease was a result of a competitive rate for proposal process with companies attend