Mayor's Calendar item regarding 7 WTC lease, March 1998

NYC 9/11 Public Portal Document

Wednesday. March 25.1998 22

the demised premises, including the supplemental air-conditioning equipment, and the cost of any such repairs caused by Tenant’s use, negligence or intentional acts. The Tenant shall pay the Landlord for Tenant’s electricity by sub-meter. Tenant shall have an option, as further outlined in the lease, to have the premises directly metered to the public utility company. Landlord shall install such direct meter and any necessary risers and wiring, and Tenant shall reimburse Landlord for such costs. The Tenant shall have the right to have an equipment room and antennae on the roof and shall pay Landlord $42,000.00 per annum for such use. The Landlord shall certify, prior to substantial completion, that there are no asbestos containing materials in the demised premises and the common areas to which tenant has access. Close the Hearing.

BOROUGH OF QUEENS

No. 17 R-l>8<8 PUBLlb^ffiARING, pursuant to the provisions of Section 824 ofjthe New York City Chanbe as submitted by the Department of Citywide Adfninistrative Services, Division orReal Estate Services, hereby authorizes a kafe for the City of New York, as tenant, oPapproximately 20,096 rentable squire feet of space and 7,618 square feet of rent free^Mi^ng lot in the entire building located at 219 Beach S9th Street (Block 15900 & Lots^St12) in the Bopztfgh of Queens, for the Income Support Program of the Human Resoulves Administration to use as an office or for such other use as the Commissioner of tlm^^artment of Citywide Administrative Services may determine. x. The proposed lease shall be fop^'^period of WMty (20) years from February 11, 1996, at an annual rent of $^©6,960.00 ($10.00 p^KMuare foot) from 2/11/96 through substantial completipdf $221,056.00 ($11.00 pePsquare foot) from sub- stantial completion throughz/l0/2001, $251,200.00 ($12.50 p^ts^uare foot) from 2/11/2001 through yfO/2006, $282,750.72 ($14.07 per squise foot) from 2/11/2006 through^yi0/2011 years and $318,119.68 ($15.83 per squar^>f^t) from 2/11/2011 through 2/10/2016 payable in equal monthly installments at the'^d of each month. / The ktlse may be terminated by the Tenant at the end of two (2) years, or at any timZthereafter, provided the Tenant gives the Landlord 180 days prior written notipe In the event that the lease is terminated by the Tenant during the first ten (Id) years of the term, the Tenant shall pay to the Landlord the unamortized por­ tion of Landlord’s cost for the alterations and improvements to the space to be relinquished.

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NYC-WTC_000167028