Slavie Federal Savings Bank Letterhead]
[Slavie
Federal Savings Bank Letterhead]
October
26, 2005
Via:
Federal Express, certified mail and facsimile
Xx.
Xxxxxx Xxxxxxxx
Xxxxxxxx
Properties, LLC
000
Xxxxx
Xxxx Xxxxxx
Bel
Air,
Maryland 21014
|
Re:
|
Lease
between Xxxxxxxx Properties, LLC and Slavie Federal Savings Bank
for 000
Xxxxxxxx Xxxx
|
Dear
Xx.
Xxxxxxxx:
Pursuant
to the above-referenced Lease, specifically Section 1.2 Renewal Option, please
accept this letter as notice of election that we will not be renewing our lease
of 000 Xxxxxxxx Xxxx following the expiration of the initial term on
April 30, 2006. Unfortunately, we have not been able to significantly grow
our deposit base at this location to offset expenses. Therefore, we can no
longer justify the continued operation of this branch in Edgewood. Pursuant
to
the Lease, we intend to return all keys and provide to you all other required
information on or before April 30, 2006. If you intend to schedule a
walk-through of the property prior to the end of the lease term, please call
me
to schedule same.
On
behalf
of the Board, I would like to take this opportunity to inform you it has been
a
pleasure working with you the last five years. If you have any questions, please
do not hesitate to contact me. I can be reached at 000-000-0000.
Sincerely,
/s/
Xxxxxx X. Xxxxx
Xxxxxx
X.
Xxxxx
President
