Sample Business Lease Termination Letter
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COLUMBIA RIVERKEEPER 111 Third Street Hood River, OR 97031 phone 541.387.3030 www.columbiariverkeeper.org April 5, 2016 Port of Vancouver USA Board of Commissioners 3103 N.W.. Vancouver, WA 98660 Re: The Port of Vancouver Must Act Before August 1 to Opt Out of the Oil Terminal Lease Dear Commissioners Wolfe, LaBrant, and Oliver: Prior to August 1, 2016, the Port of Vancouver (“Port”) has a critical, time-sensitive opportunity—that it wisely negotiated for—to end the lease for the Vancouver Energy Distribution Terminal (“Tesoro Savage Project”).. "We continue to be negatively impacted by fixed costs associated with our crude oil business, including railcar leases," he said in a Jan. 28 press release.7 Construction date The Port’s lease also states that the Port has until August 1, 20168 to be “reasonably satisfied” that Tesoro Savage could and would begin building the oil terminal9 by December 1, 2016.10 If—on or before August 1—the Port is not “reasonably satisfied” that Tesoro Savage would begin construction by December 1, the Port may opt out of the project.11 The lease reads: “ I f the Port is not reasonably satisfied on or before August 1, 2016 that Tesoro is prepared to, and intends to, commence construction within four (4) months after August 1, 2016 , the Port may terminate this lease without any further obligations ..
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