3. RecommendedbyOfficeoftheChiefAdministrativeOfficer ?Approval of Commencement Date Memorandum for Office Lease between ?Golden Hills Properties, LLC and LADWP for Office Space at ?233 South Beaudry Avenue, Los Angeles, California 90012. The total base ?rent for the Premises over the 10-year term of the Lease will increase by ?approximately $1,850,500, or approximately $3,002,200 over the 15-year ?term, if LADWP exercises its option to extend the term of the Lease for an ?additional five years. ?Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3). ?