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Expired Lease Report Summary - June 1, 2011

As of June 1, 2011, the FIMS reports a management overview of 44 expired leases, including 17 trailer leases, 2 land leases, and 25 building leases. Expiration dates range from December 31, 2010, to May 31, 2011. The report highlights a significant reduction in the number of expired leases from 200 at the beginning of the year to the current 44. Key questions addressed include procedures for identifying expiring leases, monitoring protocols by the CRS, and the need for timely updates in real-time lease data. The goal is to achieve zero expired leases by July 1, 2011.

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Expired Lease Report Summary - June 1, 2011

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  1. EXPIRED LEASE REPORT June 1, 2011

  2. EXPIRED LEASE REPORT • As of June 1, 2011, FIMS reports • 44 expired leases • 17 trailer leases • 2 land leases • 25 building leases • Expiration Dates extend from 12/31/10 to 5/31/11 • 15 expired by 12/31/10 • 8 expired by 1/31/11 • 6 expired by 3/31/11 • 4 expired by 4/30/11 • 6 expired by 5/31/11 • 5 expired over 1 year ago

  3. EXPIRED LEASE REPORT • What are your processes for identifying expiring leases? • Does the CRS monitor progress all expiring leases? • When do FIMS coordinators become alerted of a change? • Concern is over lack of “real time” data on leases. • Improvement has been outstanding over the last year. • 200 leases were identified as expired in FIMS • As of 10/1/2010, the expiring lease report had been reduced to 168 • NOW, there are only 44 • GOALby July 1, 2011 – 0 expired leases.

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