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B-197235 1 (1979-12-31)

handle is hein.gao/gaobabjfz0001 and id is 1 raw text is: COMPTRO)LLER GENERVAL CiP THE UNITED STATEZI ,q m0 Y-197235 December 31, 1979 The Honorable William F. Bolger Postmaster General United State, Postal Service Dear Mr. Bolger;' On November 7, 1979, you requested out views n the action proposed ,in, task force study report called Alter- natives for Establishinq Equity in Postal Leases' The report was prepared in response to an internal directive for an issue paper outlining a series of options', recommenda- tions and policy changes that could be considered for al- leviating current financial situationsconfronting owners of leased postal faciliies. -The study produced alternative program proposals totaddress the problems of lessors caught with fixed incomes under long term leases and experiencing a substantial increase in expenses caused bva rapidlyin- creasing rate of inflation, taxes, and utilities. The recommended alteriative would have the Postai Service assume, after muking appropriate i-nt reductions, all mai'ntenance expenses, ecept those reltjng to strctu- ral components and roof coverings, plus payment olligations exeptos el\tngt o situct- I for real estate taxes an-l clirges for metered utilities.,.. The owners of the leased-facilities would be required to accept a reduced rental amount and to correct deferred maintenance problems befo're the Postal Service would modify the lease terms to assume the above expenses. The rec;om- mended alternative would be applicable to about .--17,500 leases where the lessor is responsible for maintenance; --11,900 leases where the lessor pays all real estate taxes; and --2,700 leases where the lessor pays for heat or electricity. The report estimates an additional f irst year cost to the Postal Service of about $35 million. i. ~ ,1

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