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(b) City hereby grants to Lessee a conditional option to extend the <br />term of this Lease for two (2) additional five (5) year periods commencing <br />when the prior term expires upon each and all of the following terms and <br />conditions; <br />(i) Lessee gives to City, and City actually receives, on a <br />date which is prior to the date that the conditional option period would <br />commence (if approved) by at least six (6) and not more than nine (9) months, <br />a written notice of the Lessee's request for approval of the option to extend <br />this lease for an additional term, time being of the essence. If said request <br />of the approval of said option is not so given and received, these conditional <br />options shall automatically expire; <br />(ii) Upon receipt of Lessee's written request for approval of <br />the option to extend this Lease, City's Executive Director of Public Works <br />shall determine the feasibility of extending this Lease and shall provide to <br />Lessee a written notice of the City's approval or disapproval of said <br />extension. City's written notice shall not be unreasonably withheld. <br />(iii) The monthly rent for each month of the option period <br />shall be calculated as follows: <br />3. <br />