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Environmental Data Record or Log Page

Machine-extracted title · confidence 75%

Fragmented page containing environmental data records or logs related to post-9/11 monitoring efforts at the World Trade Center site.

NYC-WTC_000142053–000142069

Folder label: “DEP 59.17 Junction Blvd, 11th FL

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Scanned page image, NYC-WTC_000142063
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OCR status: ok · source: pdftotext

NYC 9/11 Public Portal Document

The following illiixtrates how a publishing company wilh a long-term, w jSSS ■'J 13,000 sq.ft, lease could take adrantage of Mayor Giulianis Lower Manhattan fleritalization Plan.

Assumptions for a Publishing Company

Rentable Square Feet...................................................... ... 15,000 Base Rent (including Operating Expenses and Real Estate Taxes) .....$22,50 Real Estate Taxes............................................................ ..... $4.50 Electricity............................... .-....................................... ..... $2.50 I Rate of Growth............................................................... ... 3.00% Discount Rate................................................................. ....7.75% Net Present Value of Lower Manhattan Revitalization Plan....... $253,000

Potential Savings Years 1-6 1997 1998 1999 2000 2001 2002

Real Estate Tax Credit $2.25 $2.25 $2.25 ■ $1.49 $0.74 ■I Lower Manhattan Energy Plan $0.75 $0.77 $0.80 $0.82 $0.84 $0.87 . I Commercial Rent Tax* $1.13 $1.13 $1.13 $0.74 $0.37 a Total Benefits Per Square Foot $4.13 . $4.15 $4.17 $3.05 $1.96 $0.87 Total Benefits in Dollars $61,875 $62,213 $62,560 $45,706 $29,368 $13,042

I Years 7-12 2003 2004 2005 2006 2007 2008 i i Real Estate Tax Credit 1 Lower Manhattan Energy Plan $0.90 $0.92 $0.76 $0.59 $0.40 $0.21 Commercial Rent Tax Total Benefits L Per Square Foot $0.90 $0.92 $0.76 $0.59 $0.40 $0.21 1' Total Benefits i in Dollars $13,433 $13,836 $11,401 $8,807 $6,048 $3,115

Total Dollar Benefits................................................. $331,000 Net Present Value of Lower Manhattan Revitalization Plan .$253,000

'Based on base rent and electricity costs

A iril/i St’IHri -9-

NYC-WTC_000142063

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NYC-WTC_000142063Source: NYC Law Department, mirrored locally

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