There were two years left on the lease when it closed, and that cost the Postal Service nearly $200,000. A few months ago, the community of Akron, Ohio, appealed the decision to close its post office. The issue of lease buy-out costs has also come up in at least one appeals case before the PRC. Lease problems are one of the most common reasons for suspending a post office, and the practice has been the subject of an on-going investigation by the Postal Regulatory Commission (PRC). But if a lessor objects to including the early-out, the Postal Service can say there’s “a problem with the lease,” declare an “emergency suspension,” and close the post office on the spot. Lessors don’t like the clause because it makes it difficult to plan ahead, and it can complicate matters with mortgage lenders, who also like to know that the tenant will be sticking around until the end of the lease. The mere fact that the Postal Service is doing this is yet further evidence, as if we needed it, that the Postal Service has plans to close many more post offices in the future. In order to avoid buy-out costs, the Postal Service has apparently been pressuring lessors to include an “early-out” clause in new leases so that the it can terminate the lease with three or four months’ notice, with no obligation to pay off the months or years remaining on the lease. But there’s another factor that we don’t know about - how many of those post offices have leases with “early termination” clauses? That number is just an estimate, of course, since it’s impossible to know how many post offices will close and exactly when. That brings the grand total of potential buy-out costs for post offices that could close over the coming months and those that have already closed or received final determinations to about $95 million. About 350 post offices would owe some rent if they closed by Maover $8 million in total. Some of these “non-RAOI” post offices have already closed, but most are still under study. There are another 727 post offices being studied for closure that appear on a list that came out the day after the RAOI in July. Assuming March 1, 2012, as the closing date, the total amount owed on leases would be about $77 million. Of these, there are over 2,100 that could require lease buy-outs. He has authored several books including Waters of hope and Winning the future, among others.In addition to those that have already closed, there are 3,600 post offices currently being studied for closure under the Retail Access Optimization Initiative (RAOI). Stephen’s College in Delhi and pursued a Mater’s degree from Trinity College in Cambridge. He was honored with the Ramon Magsaysay Award for outstanding contribution to journalism in 1975. Verghese started his career with The Times of India. This book will make for an interesting read for those interested in re-visiting the events that constitute India’s glorious past.īoobli George Verghese is a senior Indian journalist and was the editor of the leading newspapers–The Hindustan Times and The Indian Express. In this book, the author provides a deep insight into India’s diverse customs and faith. The author writes about things which are quintessentially Indian from the classical story chronicling the love of Shakuntala and Dushyanta and Bal Gangadhar Tilak, who brought the Ganpati Puja out on the streets to the time when J R D Tata flew a single engine plane from Karachi to Bombay. Post Haste: Quintessential India provides an incisive look into the rich cultural and ancient heritage of India. This book not only unfolds the country’s glorious history but also focuses on what is integral and significant to modern and post-independent India. Verghese, one of the foremost journalists of India.
Post Haste: Quintessential India provides a definitive account of India penned down by B.
0 kommentar(er)
