{"id":378125,"date":"2022-10-21T06:06:35","date_gmt":"2022-10-20T20:06:35","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=378125"},"modified":"2022-10-21T06:06:35","modified_gmt":"2022-10-20T20:06:35","slug":"usps-initial-25-year-lease-was-only-1-a-year","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/usps-initial-25-year-lease-was-only-1-a-year\/","title":{"rendered":"\u2018USPS initial 25-year lease was only $1 a year\u2019"},"content":{"rendered":"<figure id=\"attachment_378126\" aria-describedby=\"caption-attachment-378126\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2022\/10\/Sixto-Igisomar-mug.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-378126\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2022\/10\/Sixto-Igisomar-mug-1024x531.jpg\" alt=\"\" width=\"960\" height=\"498\" \/><\/a><figcaption id=\"caption-attachment-378126\" class=\"wp-caption-text\">Sixto K. Igisomar<\/figcaption><\/figure>\n<p>The U.S. Postal Services 25-year lease of a public land in Chalan Kanoa cost only a dollar per year, according to Department of Public Lands Secretary Sixto K. Igisomar.<\/p>\n<p>In response to Saipan Tribune\u2019s inquiries about the lease, Igisomar said Wednesday that the basic term of the U.S. Postal Service\u2019s lease of the Chalan Kanaoa property was for a period of 25 years and was signed on July 9, 1997, with an option to extend\/renew for an additional 15 years, which the U.S. Postal Service has now chosen to exercise, \u201chence it\u2019s extended\/renewed for another 15 years.\u201d<\/p>\n<p>In response to follow-up questions, Igisomar said yesterday that the 25-year lease expired last July 19, but the U.S. Postal Service exercised its option for extension\/renewal for 15 years.<\/p>\n<p>Igisomar said the initial rental since inception and as previously negotiated was only $1each year.<\/p>\n<p>DPL has already expressed support for the U.S. Postal Services\u2019 request to extend the lease by another 15 years.<\/p>\n<p>In his letter dated Sept. 21, 2022, to Diana Alvarado, who is the U.S. Postal Services contracting officer, Igisomar said that they support the request, provided that the 15-year extension is approved by the CNMI Legislature.<\/p>\n<p>He said DPL\u2019s Real Estate Division will prepare a draft extension agreement and first amendment to lease agreement and that they will be contacting the Postal Service when it is ready for review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Postal Services 25-year lease of a public land in Chalan Kanoa cost only&#8230;<\/p>\n","protected":false},"author":23,"featured_media":378127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-378125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/378125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=378125"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/378125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/378127"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=378125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=378125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=378125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}