5/11/2010 10:39:09 PM
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Section 5: OPA Board Subject: Seacrets Lease 4/15/2010 Msg# 738748
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Right of first refusal is not unusual, was in the previous lease and since we are not selling has no affect on the lease. I never said it was unusual. I said it was not in the prior leases. It is obviously of some importance to Seacrets or it would not have been added. Are you saying the prior lease had a right of refusal based on Marty's comments, or do you have an actual copy of the prior lease dated November 1, 2008 and signed by Dave Stevens with first-refusal language? The lease text is 4-pages, page 4 with signatures. I have examined it carefully and see no right of first refusal. Is there an addendum or something? As for not selling, we have no idea what any future board will do. |
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For reference, the above message is a reply to a message where: Joe, Right of first refusal is not unusual, was in the previous lease and since we are not selling has no affect on the lease. What was the actual value that the consultant said the lease was worth last a August based on fair market value? Ted
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