Rent Forwarded
In regards to the unpaid back rent. Mr.
Middleditch stated that "a bill was received on
Thursday for the rent and was processed for
payment, a check being forwarded to the
YMCA today."
Mr. Manty concurred with this, saying, "It is
my understanding that the check is being
forwarded."
As reported on Friday, the lease which the
two parties signed contained an escalator clause
which is designed to increase the rent on the
building to keep pace with climbing inflation
rates.
Mr. Manly said last week that he has been
negotiating with the University since last July
for higher rent but that he had discovered that
the lease was allegedly void. That supposed
discovery is now under reconsideration.
