- 9 -
that start on June 1 and end on May 31, the total amount of basic
rent to be paid by BCE was as follows:5
Total Amount of
Annual Lease Period Basic Rental Payments
June 1, 1989, through May 31, 1990 $27,185,083.85
June 1, 1990, through May 31, 1991 27,185,083.85
June 1, 1991, through May 31, 1992 27,185,083.85
June 1, 1992, through May 31, 1993 27,185,083.85
June 1, 1993, through May 31, 1994 27,185,083.85
June 1, 1994, through May 31, 1995 27,185,083.85
June 1, 1995, through May 31, 1996 27,185,083.85
June 1, 1996, through May 31, 1997 27,185,083.85
June 1, 1997, through May 31, 1998 27,185,083.85
June 1, 1998, through May 31, 1999 27,185,083.85
June 1, 1999, through May 31, 2000 27,185,083.85
June 1, 2000, through May 31, 2001 33,226,213.70
June 1, 2001, through May 31, 2002 33,226,213.70
June 1, 2002, through May 31, 2003 33,226,213.70
June 1, 2003, through May 31, 2004 33,226,213.70
June 1, 2004, through May 31, 2005 33,226,213.70
June 1, 2005, through May 31, 2006 33,226,213.70
June 1, 2006, through May 31, 2007 33,226,213.70
June 1, 2007, through May 31, 2008 33,226,213.70
June 1, 2008, through May 31, 2009 33,226,213.70
June 1, 2009, through May 31, 2010 33,226,213.70
June 1, 2010, through May 31, 2011 33,226,213.70
June 1, 2011, through May 31, 2012 33,226,213.70
June 1, 2012, through May 31, 2013 27,185,083.85
For each of the 22-annual lease periods immediately follow-
ing the 11.5-month period of zero rent, the rent payment schedule
5 One of petitioner's exhibits that purported to show that the
rent payment schedule complied with the standards established by
Rev. Proc. 75-21, 1975-1 C.B. 715, indicated that the total
amount of basic rent to be paid for each of the 24-annual lease
periods following the 11.5-month period of zero rent was slightly
greater than the total amount of basic rent to be paid for each
such period that we have calculated in accordance with Schedule
E. Although it is unclear from the record why these minimal
discrepancies exist, they do not affect our findings or conclu-
sions herein.
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