christopher chamberlain is here if you have any programming questions. >> thank you very much, can we.a. report please. is this to approve the lease for one year, through may 2020, and then two five year extensions to may 2030. the city has been at this location since 1997. in 2015, the m.t.a. was added to this lease. originally it was just other telecommunicati telecommunication equipment and the rent went up at that time and the discussions we had with real estate over the negotiations of this lease, it's true that it looks different than how leases are described in the admin code, in terms of requiring appraisals for fair market value. it's a little bit difficult to evaluate the cost of the lease based on square footage, because this is only 700-square foot. there are also coasts on how they stretch their leases for the antenna and other equipment. they did have cbrb go out and find comparable rent. we did receive the report from c.b.r.e. and we consider this to be a reasonable rent for the first year of the lease. there's a 3% per year increase in the rent over the term. it would