. >> kathy widener with the airport. the item before you seeks the approve to extend an existing lease for s. f.o. pro graphics at 837 malcolm road. this is for five years through april of 2023 with two one-year options to extend. the department of real estate points out that the city does remain the right to terminate early after 2021 with no penalty. the lease has a 3% annual increase. the airport graphics provides the design layout for airport materials and prints, maps and directors and work orders for other city departments. the graphic staff has occupied this 6,000 square feet of office space and 10,500 since 2009. the airport does plan to move the graphics to the airport property as part of the future administrative campus phase. this is anticipated to happen in 2023 to allow for up to $669,072 to accommodate new equipment and flexibility to accommodate potential destruction and determined to be no greater than fair market rent based on the analysis of similar properties. the budget analyst has reviewed and recomm