Scribd Logo
Upload

Welcome to Scribd!

  • SVEC &amp Summit TI Payoff - 08 30 2011

    Uploaded by

    Jennifer Van de Wouwer
    17 views1 page
    The letter is from an assistant superintendent to the landlord regarding termination of a lease for school district premises. It notifies the landlord that the school district is exercising its right to terminate the lease due to budget cuts and encloses a check for $430,599 to cover the unamortized cost of tenant improvements as required by the lease. It also states that the district will pay the September rent under protest as there is a dispute with the landlord.

    Original Description:

    Original Title

    SVEC & Summit TI Payoff - 08 30 2011

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The letter is from an assistant superintendent to the landlord regarding termination of a lease for school district premises. It notifies the landlord that the school district is exercising its right to terminate the lease due to budget cuts and encloses a check for $430,599 to cover the unamortized cost of tenant improvements as required by the lease. It also states that the district will pay the September rent under protest as there is a dispute with the landlord.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    17 views1 page

    SVEC &amp Summit TI Payoff - 08 30 2011

    Uploaded by

    Jennifer Van de Wouwer
    The letter is from an assistant superintendent to the landlord regarding termination of a lease for school district premises. It notifies the landlord that the school district is exercising its right to terminate the lease due to budget cuts and encloses a check for $430,599 to cover the unamortized cost of tenant improvements as required by the lease. It also states that the district will pay the September rent under protest as there is a dispute with the landlord.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Operations & Support Services

    200 East Fremont Street Monroe, WA 98272-2336 Phone: 360 804 2570 Fax: 360 804 2529

    August 30, 2011

    VIA UPS OVERNIGHT DELIVERY

    Fryelands Sixth Avenue c/o Navigant Real Estate Services LLC Attn: Tom Grassi 3020 Issaquah Pine Lake Road, #508 Sammamish, Washington 98075

    Re: Lease dated May 17, 2002 between Fryelands Sixth Avenue, LLC (as successor-in-interest to Rudeen Business Park, LLC) and Monroe Public School District for premises in the Fryelands Business Park in Monroe, Washington (the Lease)

    Dear Tom: As you know, pursuant to previously issued notices, the District has elected to terminate the Lease due to significant budget cuts. Enclosed herewith is the required payment to Landlord of the unamortized cost of the tenant improvements totaling $430,599.00, which is due pursuant to Section 2.3 of the Lease. This is tendered in conjunction with the Districts notices of termination. For your information, the District intends to also pay the rent due for September. Such payment of rent will be made under protest and pending resolution of a dispute with the landlord. Please contact me if you have any questions. Thank you. Thank you.

    John A. Mannix Assistant Superintendent, Operations Enclosure cc: Charles Royce, Esq., K&L Gates LLP

    You might also like