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<br /> - r^-- �: Form S,t18D t 73
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<br /> ❑,iNSTRUCfIONS-CANCEIS ERIS1 OF S1G2�ED BY
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<br /> -.. Attached ar. ' docdinents:: to su ort:.°'our`,.:recommenda.tion' to
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<br /> lace subject le's'sor,built service station; ori :d-isposarl- •
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<br /> - ;,Our:. preseri:t. l.ea.se term expires �Oct.ob'e. '13:;_ 1:97:7':"°';...`However:`,: '.
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<br /> we `have' an' annual Cance latiorl.. upon 9.0 days` .prior: ''_L n::,not :ce:.
<br /> The f iktd monthly .rental obligation ,i s- .$.0% ..Q 'pe'r month Lessor
<br /> ' is responsible: for. all:'taxes.
<br /> .The largest single .contrikuting factor ,to our lack of
<br /> success is the. total alisence of. any backup potential An:`addi_
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<br /> tional�`�factor .wh_ich ha's :adversely affected this location.:has_,been .,
<br /> the ;:opening of;• Interst:ate 5 which parallels .I w�, :99 '_TYie:opening:`.
<br /> has reduced th`e gallonage of' most .stations approximately 30.. percent ..
<br /> This': location;.as' well: as otYiers which had: reviou°sl been .roar roil
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<br /> has .suff ered. .the:greatest..
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<br /> .I:: :'is reaso; e ..to expect that:the conditions whcYi: are
<br /> . . contributing. to. our failure . operate'.at. a prof it:to.: Texaco will •
<br /> . . not, ..improve. ...::.::.:::::
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<br /> There . ,re,.. we':recommend your .-approval t.o place .th :s
<br /> location`':on disposal and:give. notice..to- :l:essor• of :our intention, to
<br /> cancel`the present. lease. etfective October 13-.,; :1973:. :The:: Service
<br /> • ` Station Profitab.ili-b : aril P;nalys'is .Team': cori.curs; with .tY ' :s, _:: ,:;.
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<br /> MAN EI :
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<br /> Attachment;:.
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<br /> APPROVED, r :.f ' i:"x E: w. .
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<br /> DATE - '_ r`i.:L ,1_,,-
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