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Il '16 <br />r�VD <br />AUG i9NV <br />1P©NMENTAL NZALTH <br />An Ultramar Company <br />525 WEST THIRD STREET • HANFORD, CA 93230 • (209) 5$20241 <br />Mr. Quentin Kirsch <br />Ms, Rosalie Kirsch <br />Ms. Claire D. Kirsch <br />190 E. Amber Way <br />Hanford, California 93230 <br />October <br />RE: <br />Beacon Station #610 <br />3300 Waterloo Road <br />Stockton, California <br />Pursuant to Section II, Paragraph B of the Lease dated 1 December 1984 for - <br />the premises located at 3300 Waterloo Road in Stockton, California, you are <br />hereby notified that Ultramar Inc. (formerly Beaconbil Company) elects to <br />exercise its option to renew the lease for a period of five (5) years beginning <br />1 December 1989 and ending 30 November 1994. <br />i <br />The Lease provides for an increase in the monthly rent for the new five (5) <br />year term based on the percentage increase in the Consumer Price Index over the <br />previous five (5) years. Therefore, the monthly rental for the term beginning <br />1 December 1989 will be $1145.00/month, calculated as follows: <br />ACTU) L� <br />INCREASE <br />CPI <br />INCREASE J <br />USED <br />f <br />January 1985 316.1 <br />1986 328.4 <br />3.89%� 4.00% <br />1987 333.1 <br />1.431 1.50% <br />1988 346.7 <br />4.08 %0 4.25% <br />1989 362.7 <br />4.61%; 4_- 75% <br />14.50% <br />$1,000 X 14.50% _ $145.00 + $1,000 <br />= $1145.00/Month <br />i 4 <br />