EXECUTION COPY
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
EIGHTEENTH SUPPLEMENTAL LEASE AGREEMENT
BY AND BETWEEN
MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY
AND
FEDERAL EXPRESS CORPORATION
DATED AS OF JULY 1, 1997
AMENDING THE CONSOLIDATED AND RESTATED LEASE AGREEMENT DATED AS OF AUGUST 1,
1979 BETWEEN THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY AND FEDERAL EXPRESS
CORPORATION.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TABLE OF CONTENTS
SECTION PAGE
1 Definitions ...................................... 7
2 Granting Leasehold ............................... 7
3 Term; Delivery and Acceptance of Possession ..... 8
4 Rental ........................................... 8
5 Hazardous Substances/Waste........................ 9
6 Lease Agreement Still in Effect; Provisions
Thereof Applicable to this Eighteenth Supplemental
Lease Agreement .................................. 10
7 Descriptive Headings ............................. 11
8 Effectiveness of this Eighteenth Supplemental
Lease Agreement................................... 11
9 Execution of Counterparts ........................ 11
10 Summaries......................................... 11
Notary ........................................... 13
Leased Parcel Summary ............................ 14
Rental Summary ................................... 16
EIGHTEENTH SUPPLEMENTAL LEASE AGREEMENT
THIS EIGHTEENTH SUPPLEMENTAL LEASE AGREEMENT, made and entered into as of
the 1st of July, 1997, by and between MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY
(herein sometimes referred to as "Authority"), a public and governmental body
politic and corporate of the State of Tennessee, and FEDERAL EXPRESS
CORPORATION (herein sometimes referred to as "Tenant"), a corporation duly
organized and existing under the laws of the State of Delaware and qualified
to do business in the State of Tennessee.
W I T N E S S E T H:
WHEREAS, Authority and Tenant on October 3, 1979 entered into a
Consolidated and Restated Lease Agreement dated as of August 1, 1979; and
WHEREAS, Authority and Tenant on April 7, 1981 entered into a First
Supplemental Lease Agreement dated as of April 1, 1981 (the "First Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land, buildings, and equipment to be included in the Project as
defined in the Lease Agreement all as set forth therein (such additional land,
buildings, and equipment being defined therein and hereinafter referred to as
the "1981 Federal Express Project"), all as set forth therein; and
WHEREAS, the Authority and Tenant on May 6, 1982 entered into a Second
Supplemental Lease Agreement dated as of January 1, 1982 (the "Second
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on December 9, 1982 entered into a Third
Supplemental Lease Agreement dated as of November 1, 1982 (the "Third
Supplemental Lease Agreement") so
3
as to release certain items consisting of buildings and leased equipment in the
1981 Federal Express Project; and
WHEREAS, Authority and Tenant on September 29, 1983 entered into a Fourth
Supplemental Lease Agreement dated as of July 1, 1983 (the "Fourth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in the Project, all as set forth therein; and
WHEREAS, Authority and Tenant on April 23, 1984 entered into a Fifth
Supplemental Lease Agreement dated as of February 1, 1984 (the "Fifth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on November 19, 1984 entered into a Sixth
Supplemental Lease Agreement dated as of April 1, 1984 (the "Sixth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on November 19, 1984 entered into a Seventh
Supplemental Lease Agreement dated as of June 1, 1984 (the "Seventh Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on November 4, 1988 entered into a Eighth
Supplemental Lease Agreement dated as of July 1, 1988, (the "Eighth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
4
WHEREAS, Authority and Tenant on July 12, 1989 entered into a Ninth
Supplemental Lease Agreement dated as of June 1, 1989, (the "Ninth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on October 1, 1991 entered into a Tenth
Supplemental Lease Agreement dated as of October 1, 1991, (the "Tenth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on July 1, 1994 entered into a Eleventh
Supplemental Lease Agreement dated July 1, 1994, (the "Eleventh Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on July 1, 1993 entered into a Twelfth
Supplemental Lease Agreement dated July 1, 1993, (the "Twelfth Supplemental
Lease Agreement") so as to release a certain parcel of land from the 1981
Federal Express Project as described on Exhibit 1 attached thereto; and
WHEREAS, Authority and Tenant on June 1, 1995 entered into a Thirteenth
Supplemental Lease Agreement dated June 1, 1995, (the "Thirteenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project and so as to release a certain
parcel of land from the 1981 Federal Express Project, all as set forth therein;
and
5
WHEREAS, Authority and Tenant on December 1, 1995 entered into a Fourteenth
Supplemental Lease Agreement dated January 1, 1996, (the "Fourteenth
Supplemental Lease Agreement") so as to provide for the lease by Tenant from
Authority of additional land to be included in this Project, all as set forth
therein; and
WHEREAS, Authority and Tenant on January 1, 1997 entered into a Fifteenth
Supplemental Lease Agreement dated January 1, 1997, (the "Fifteenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on April 1, 1997 entered into a Sixteenth
Supplemental Lease Agreement dated April 1, 1997, (the "Sixteenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, Authority and Tenant on May 1, 1997 entered into a Seventeenth
Supplemental Lease Agreement dated May 1, 1997, (the "Seventeenth Supplemental
Lease Agreement") so as to provide for the lease by Tenant from Authority of
additional land to be included in this Project, all as set forth therein; and
WHEREAS, the said Consolidated and Restated Lease Agreement dated as of
August 1, 1979, together with the First through the Seventeenth Supplemental
Lease Agreements is herein referred to as the "Lease Agreement"; and
WHEREAS, Authority and Tenant have agreed to further supplement the Lease
Agreement so as to lease to Tenant certain additional land under this Eighteenth
Supplemental Lease Agreement.
6
NOW THEREFORE, for and in consideration of the mutual promises, covenants
and agreements hereinafter contained to be kept and performed by the parties
hereto and upon the provisions and conditions hereinafter set forth, Authority
and Tenant do hereby covenant and agree, and each for itself does hereby
covenant and agree, as follows:
SECTION 1. DEFINITIONS. Except as otherwise provided herein, and unless
the context shall clearly require otherwise, all words and terms used in
this Eighteenth Supplemental Lease Agreement which are defined in the Lease
Agreement, shall, for all purposes of this Eighteenth Supplemental Lease
Agreement, have the respective meanings given to them in the Lease Agreement.
SECTION 2. GRANTING OF LEASEHOLD. In addition to the lease and demise to
Tenant of the land in the Lease Agreement, the Authority hereby leases and
demises to Tenant, and Tenant hereby takes and hires from Authority, subject to
the provisions and conditions set forth in the Lease Agreement and this
Eighteenth Supplemental Lease Agreement, the additional land designated as new
Lease Parcels 38 and 39 which is located on the Memphis-Shelby County Airport
Authority property situated in Memphis, Shelby County, Tennessee, and being more
particularly described as follows:
PARCEL 38
(WEST GSE LOT)
Being a portion of land contained entirely within the Memphis/Shelby County
Airport Authority property, City of Memphis, Shelby County, State of
Tennessee and being more particularly described by metes and bounds as
follows:
COMMENCING at a point being the intersection of the centerline of Taxiway
Zulu with the centerline of Taxiway Charlie, said point being N01DEG.
56'39"E, a distance of 736.87' from the existing centerline of Runway 9/27;
thence northerly along said centerline of Taxiway Charlie, N01DEG. 56'39"E
a distance of 136.15' to a point; thence westerly departing from said
centerline of Taxiway Charlie, N88DEG. 03'21"W a distance of 160.00' to a
point, said point being the TRUE POINT OF BEGINNING; thence westerly along
a line being 129.50' north of and parallel with the centerline of said
Taxiway Zulu N85DEG. 42'55"W a distance of 356.31' to a point, said point
7
being 100.00' southeast of the centerline of Runway 3/21 (Closed); thence
northeasterly along a line being 100.00' southeast of and parallel with the
said centerline of Runway 3/21 (Closed) N32DEG.30'14"W a distance of
700.21' to a point, said point being 160.00' west of the said centerline of
Taxiway Charlie; thence southerly along a line being 160.00' west of and
parallel with the said centerline of Taxiway Charlie S01DEG. 56'39"W a
distance of 617.51' to the POINT OF BEGINNING. Said described land
containing 109,921 square feet or 2.523 acres, more or less.
PARCEL 39
(FEEDER RAMP)
Being a part of the Memphis-Shelby County Airport Authority property,
located at the Memphis International Airport within the City of Memphis,
Shelby County, State of Tennessee and being more particularly described by
metes and bounds as follows:
Commencing at the centerline intersection of Taxiway "Charlie" and Taxiway
"Zulu"; then northerly along said centerline of Taxiway "Charlie" N01DEG.
56'39"E a distance of 1510.49' to a point; thence westerly departing from
said centerline of Taxiway "Charlie" and perpendicular to said Taxiway
"Charlie" N88DEG. 03'21"W a distance of 160.00" to a point, said point
being the TRUE POINT OF BEGINNING; thence continuing westerly N88DEG.
03'21"W a distance of 584.25' to a point; thence northerly N01DEG. 56'39"E
a distance of 552.50' to a point; thence easterly S88DEG. 03'21"E a
distance of 200.00' to a point; thence northerly N01DEG. 56'39"E a distance
of 25.00' to a point; thence easterly S88DEG. 03'21"E a distance of 25.00'
to a point; thence northerly N01DEG. 56'39"E a distance of 75.00' to a
point; thence easterly S88DEG. 03'21"E a distance of 266.00' to a point;
thence northerly N01DEG. 56'39"E a distance of 54.49' to a point; thence
easterly S88DEG. 03'21"E a distance of 93.25' to a point, said point being
160.00' west of the said centerline of Taxiway "Charlie"; thence southerly
parallel with and 160.00' west of said Taxiway "Charlie" S01DEG. 56'39"W a
distance of 706.99' to the POINT OF BEGINNING. Said described property
containing 364,430 square feet or 8.366 acres, more or less.
SECTION 3. TERM; DELIVERY AND ACCEPTANCE OF POSSESSION. The terms of
this Eighteenth Supplemental Lease Agreement shall commence at 12:01 A.M. on
July 1, 1997 for the land described as Parcels 38 and 39 and shall expire at
such time as the Lease Agreement shall expire, to-wit: August 31, 2012 or upon
such earlier termination, extension or otherwise as provided therein. Authority
shall deliver to Tenant sole and exclusive possession of that portion of the
land, leased hereby as of the date commencement of the term hereof, subject
however, to Authority's right-of-entry set forth in Section 21 of the Lease
Agreement.
SECTION 4. RENTAL. In addition and supplemental to the rentals
required to be paid to the Authority pursuant to Section 5 of the Lease
Agreement (including all prior supplemental
8
lease agreements), during the term of this Eighteenth Supplemental Lease
Agreement, Tenant shall pay to the Authority in advance on the first business
day of each month $3,858.06 in equal installments beginning July 1, 1998, a
total rental payment of $46,296.66 per year, which the parties hereto agree is
based upon an aggregate of 474,351 square feet of area at an annual rental rate
of ($0.0976) per square foot.
SECTION 5. HAZARDOUS SUBSTANCES/WASTE. Tenant, at its own expense, may
arrange for a Phase 1 Environmental Survey on the land described as Parcel 38
and Parcel 39 by a reputable environmental consultant to determine the existence
of "Hazardous Substances", as such term is defined in this Agreement. In the
event that "Hazardous Substances" are discovered during excavation for
construction on Parcel 38 and Parcel 39, and such "Hazardous Substances" require
special handling, removal or disposal ("Remediation"), then Tenant shall
immediately notify Authority. The Tenant and Authority will confer and jointly
determine the method for handling, removing or disposing of the "Hazardous
Substances" within 14 days after Tenant provides the Authority, in writing, its
plan for Remediation. The form of Remediation agreed to by the parties must
comply with "Environmental Laws", as such term is defined below. In the event
that Tenant and Authority are unable to agree on a method for handling, removing
or disposing of the "Hazardous Substances" due to differing interpretations of
the requirements for Remediation as set forth in the applicable "Environmental
Laws", then the form of Remediation will be determined by the appropriate
federal, state or local agency with relevant regulatory and enforcement
jurisdiction over the subject site. Authority will grant to Tenant a rent
credit equal to the reasonable documented costs paid by Tenant for the
Remediation such "Hazardous Substances" associated with Parcel 38 and Parcel 39.
9
The term "HAZARDOUS SUBSTANCES", as used in this Eighteenth Supplemental
Lease Agreement, shall mean any hazardous or toxic substances, materials or
wastes, including, but not limited to, those substances, materials, and wastes
(i) listed in the United States Department of Transportation Hazardous Materials
Table (49 CFR Section 172.101) or by the Environmental Protection Agency as
hazardous substances (40 CFR Part 302) and amendments thereto, (ii) designated
as a "Hazardous Substance" pursuant to Section 311 of the Clean Water Act, 33
U.S.C. Section 1251 et seq. (33 U.S.C. Section 1321) or listed pursuant to
Section 307 of the Clean Water Act (33 U.S.C. Section 1317, (iii) defined as a
"Hazardous Waste" pursuant to Section 1004 of the Resource Conservation and
Recovery Act, 42 U.S.C. Section 6901, et seq. (42 U.S.C. Section 6903), or (iv)
defined as "Hazardous Substance" pursuant to Section 101 of the Comprehensive
Environmental Response, Compensation and Liability Act, 42 U.S.C.Section 9601,
et seq. 42 U.S.C. Section 9601) or any other substances, (including, without
limitation, asbestos and raw materials which include hazardous constituents),
the general, discharge or removal of which or the use of which is restricted,
prohibited or penalized by any "Environmental Law", which term shall mean any
Federal, State or local law, regulation, or ordinance relating to pollution or
protection of the environment.
SECTION 6. LEASE AGREEMENT STILL IN EFFECT; PROVISIONS THEREFORE
APPLICABLE TO THIS SUPPLEMENTAL LEASE AGREEMENT. All of the terms, provisions,
conditions, covenants and agreements of the Lease Agreement, as supplemented,
shall continue in full force and effect as supplemented hereby, and shall be
applicable to each of the provisions of this Eighteenth Supplemental Lease
Agreement during the term hereof with the same force and effect as though the
provisions hereof were set forth in the Lease Agreement.
10
SECTION 7. DESCRIPTIVE HEADINGS. The descriptive headings of the sections
of this Eighteenth Supplemental Lease Agreement are inserted for convenience of
reference only and do not constitute a part of this Eighteenth Supplemental
Lease Agreement and shall not affect the meaning, construction, interpretation
or effect of this Eighteenth Supplemental Lease Agreement.
SECTION 8. EFFECTIVENESS OF THIS SUPPLEMENTAL LEASE AGREEMENT. This
Eighteenth Supplemental Lease Agreement shall become effective at 12:01 a.m. on
July 1, 1997.
SECTION 9. EXECUTION OF COUNTERPARTS. This Eighteenth Supplemental Lease
Agreement may be simultaneously executed in several counterparts, each of which
shall be an original and all of which shall constitute but one and the same
instrument.
SECTION 10. SUMMARIES. For the convenience of both parties a Leased
Parcel Summary and a Rental Summary are attached to this Lease Agreement.
11
IN WITNESS WHEREOF, THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY AND
FEDERAL EXPRESS CORPORATION have caused this Eighteenth Supplemental Lease
Agreement to be duly executed in their respective behalfs, as of the day and
year first above written.
WITNESS: MEMPHIS-SHELBY COUNTY AIRPORT
AUTHORITY
/S/X. XxXXXXXXX BY: /S/XXXXX X. XXX
------------------------------- -------------------------------
TITLE: EXECUTIVE VICE PRESIDENT TITLE: PRESIDENT
------------------------- -----------------------------
Approved as to Form and Legality:
/S/X. XXXXXXX XXXXX, XX.
-----------------------------------
X. Xxxxxxx Xxxxx, Xx., Attorney for Authority
WITNESS: FEDERAL EXPRESS CORPORATION
/S/XXXXXX X. XXXXXXX BY: /S/XXXXX XXXXXXX, XX.
------------------------------ -----------------------------------
TITLE: Project Coordinator TITLE: Managing Director, Real Estate
---------------------- --------------------------------
And Airport Development
--------------------------------
12
(STATE OF TENNESSEE )
(COUNTY OF SHELBY )
On this 4th day of July, 1997, before me appeared XXXXX X. XXX, to me
personally known, who, being by me duly sworn (or affirmed), did say that he
is the President of the Memphis-Shelby County Airport Authority, the within
named Lessor, and that he as such President, being authorized so to do,
executed the foregoing instrument for the purposes therein contained, by
signing the name of the Authority by himself as such President.
MY COMMISSION EXPIRES
9/17/97 /S/Xxxxx X. Xxxxx
------------------------- ------------------------------
Notary Public
(seal)
STATE OF TENNESSEE )
COUNTY OF SHELBY )
On this 1st day of JULY, 1997, before me appeared Xxxxx Xxxxxxx, Xx., to
me personally known, who, being by me duly sworn (or affirmed), did say that
he is the MANAGING DIRECTOR OF REAL ESTATE of Federal Express Corporation,
the within named Xxxxxx, and that he as such MANAGING DIRECTOR, being
authorized so to do, executed the foregoing instrument for the purposes
therein contained, by signing the name of the Corporation by himself as such
MANAGING DIRECTOR.
MY COMMISSION EXPIRES
My Commission Expires: Dec. 7, 1998 /S/Xxxxxx X. Xxxxxxx
--------------------------------------- -----------------------------
Notary Public
(seal)
13
FEDERAL EXPRESS LEASED PARCELS SUMMARY
PARCEL EFFECTIVE
LEASE ACRES SQUARE FEET AGREEMENT DATE
------ ----- ----------- --------- ----
BASE-LEASE
----------
Revised 9 128.469 Consolidated & 08/01/79
Restated
10 1.612 70,200 Consolidated & 08/01/79
Restated
11 1.044 45,359 Consolidated & 08/01/79
Restated
PREVIOUS SUPPLEMENTS
--------------------
12 2.707 117,915 First 04/01/81
Supplemental
13 6.860 298,830 Second 01/01/82
Supplemental
14 14.586 635,377 Fourth 07/01/83
Supplemental
15 12.689 552,723 Fourth 07/01/83
Supplemental
Rev 16 18.281 (19.685) 796,312 Fifth 02/01/84
Supplemental
Rev 17 19.616 (124.992) 5,210,477 Sixth 04/01/84
Supplemental
18 2.717 118,353 Sixth 04/01/84
Supplemental
19 41.606 1,812,352 Seventh 06/01/84
Supplemental
25 0.435 18,933 Eighth 07/01/88
Supplemental
20 11.275 491,127 Ninth 06/01/89
Supplemental
27 11.192 487,512 Tenth 10/01/91
Supplemental
27 A(West) 4.058 176,777 Eleventh 07/01/94
Supplemental
27 B(West) 5.706 248,533 Eleventh 07/01/94
Supplemental
Southwest
Ramp 2.350 102,366 Eleventh 07/01/94
Supplemental
14
PARCEL EFFECTIVE
LEASE ACRES SQUARE FEET AGREEMENT DATE
------ ----- ----------- --------- ---------
32 (removed) 22.972 1,000,681 Twelfth 07/01/93
Supplemental
33 8.998 391,942 Thirteenth 06/01/95
Supplemental
36 3.050 132,837 Thirteenth 06/01/95
Supplemental
Hangar 8 (removed) 36,946,33 Thirteenth 06/01/95
Supplemental
34 9.951 433,461 Fourteenth 01/01/96
Supplemental
21 19.134 833,476 Fifteenth 01/01/97
Supplemental
22A (North) 3.214 140,000 Sixteenth 04/01/97
Supplemental
37 2.692 117,283 Seventeenth 05/01/97
Supplemental
THIS SUPPLEMENT
---------------
38 2.523 109,921 EIGHTEENTH 07/01/97
SUPPLEMENTAL
39 8.366 364,430 EIGHTEENTH 07/01/97
SUPPLEMENTAL
OPTIONS
-------
22B (South) 3.310 144,200 Option, Expires 5/31/99
29 3.85 167,706 Option, Expires 9/30/2001
ASSIGNMENTS
-----------
23 5.923 258,008 Xxxxxx Assignment,
Expires 12/31/2000
Invoice FEC
Final Increase 1/1/96
24 9.964 434,030 Southwide Assignment
Expires 5/14/2013
Invoice FEC
Next Increase 5/15/98
26 9.532 415,213 BICO Assignment,
Expires 7/31/2021
Invoice FEC
Next Increase 8/01/2011
28 10.68 465,221 Equitable Life Assignment
Expires 5/14/2013
Invoice FEC
Next Increase 5/15/98
15
RENTAL - FEDERAL EXPRESS
Effective July 1, 1998
ANNUAL
CATEGORY NUMBER OF RENTAL RATE
OF SPACE SQUARE FEET PER SQ. FT. ANNUAL RENTAL
-------- ----------- ----------- -------------
Bldg. T-376 1,240 1.221 $ 1,514.04
Unimproved Ground 6,043,916 0.098 592,303.77
Improved Apron 2,395,802 0.122 292,287.84
Hangar Property 72,092.67 0.903 65,099.68
Hangar Office 28,000 1.465 41,020.00
International Park 9,694,700 0.171 1,657,793.70
Former IRS Facility 2,255,137.24 1,200,000.00
------------- -------------
20,490,887.91 $3,850,019.03
BREAKDOWN OF SPACE
------------------
SQ. FT. SQ. FT.
--------- ---------
Bldg. T-376 Parcel 4 1,240
----------- ---------
1,240
UNIMPROVED GROUND Parcel 1 130,900
Parcel 2 50,000
Parcel 3 192,400
Parcel 4 32,540
Parcel 6 89,700
Parcel 9 1,167,337
Parcel 19 1,812,362
Parcel 20 491,127
Parcel 27A 176,777
Parcel 27B 248,533
Southwest Ramp 102,366
Parcel 33 391,942
Parcel 36 132,837
Parcel 34 433,461
Parcel 37 117,283
Parcel 38 109,921
Parcel 39 364,430
---------
6,043,916
IMPROVED APRON Parcel 1 850,250
Parcel 2 226,900
Parcel 7 577,540
Parcel 9 253,600
Parcel 27 487,512
-------
2,395,802
16
SQ. FT. SQ. FT.
--------- ---------
HANGAR PROPERTY Parcel 1 44,336
Parcel 2 27,756.67
---------
72,092.67
HANGAR OFFICE Parcel 1 22,400
Parcel 2 5,600
------ 28,000
INTERNATIONAL PARK Parcel 5 24,000
Parcel 8 247,254
Parcel 9 1,586,172
Parcel 10 70,200
Parcel 11 45,359
Parcel 12 117,915
Parcel 13 298,830
Parcel 14 556,334
Parcel 15 552,723
Parcel 16 796,312
Parcel 17 4,288,839
Parcel 18 118,353
Parcel 25 18,933
Parcel 21 833,476
Parcel 22A 140,000
------------
9,694,700
FORMER IRS FACILITY 2,255,137.24 2,255,137.24
------------
TOTAL: 20,490,887.91
17
