April 23, 2015
Ms. Dimitra ManiatisSantander Global Facilities/Santander
U.S.
Dear Ms. Maniatis,
This letter is provided in response to your lease early
termination proposal to CarolVarner.
First, our position is that the $15,000 lease buyout offer is
not acceptable. The terms ofthe lease require Santander to pay rent
of $5,038 per month for the rest of 2015, plus FranklinCounty Real
Estate and School Board taxes, as below:
Rent July 1 - December 31, 2015: $30,228School Board Taxes July
1 - December 31, 2015: $8,444 (based on 2014 tax bill)
Total $38,672
We will require Santander to pay fully the above obligations,
including one-half of theactual 2015 School Board taxes. Should we
decide to re-lease or sell the property, and ifSantander is
willing, we can market the property during the remainder of the
lease and if we can re-lease or sell the property before the end of
2015, we will refund your rent payments on a pro-rated basis.
Second, we ask that Santander remove the entire bank vault, all
branding material,televisions, monitors and computer equipment,
office partition walls in the bank lobby, and cashvaults. We can
make use of some of the office furniture, and can negotiate what
furniture canremain and how we should indicate this.
Please let us have your response.
Sincerely,
Philip Bietsch,President, Central Presbyterian Board of
Trustees
