AGREEMENT OF LEASE

NYC 9/11 Public Portal Document

Wednesday. March 25. 1998. 22

the demiised'•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-1 PUBLI ARING, pursuant to the provisions of Section 824 of a New York City Ch as submitted by the Department of Citywide .nistrative Services, Division o Estate Services, hereby authorizes a I for the City of New York, as tenant, o roximately 20,096 rentable feet of space and 7,618 square feet of rent free ng lot in the entire b ' 'ng located at 219 Beach 59th Street (Block 15900 & Lots 12) in the Bo gh of Queens, for the Income Support Program of the Human Resou s Ad stration to use as an office or for such other use as the Commissioner of th partment of Citywide Administrative Services may determine. The proposed lease shall be fo period oft my (20) years from February 1.1. 1996, at an annual rent of $ .960.00 (510.00 quare foot) from 2/11/96 through substantial completi , S221,056.00 ($11.00 per uare foot) from-sub- stantial.completion throu 2/10/2001, $251,200.00 ($12.50 pe quare foot) from 2/11/2001 through 0/2006, $282,750.72 ($14.07 per squ foot) from 2/11/2006 through 0/2011 years and $318,119.68 ($15.83 per squ t) from 2/11/2011 throu 2/10/2016 payable in equal monthly installments at the d of each month. The I e may be terminated by the Tenant at the end of two (2) years, or at any ti thereafter, provided the Tenant gives the Landlord 180 days prior written noti . In the event that the lease is terminated by the Tenant during the first ten ( 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.

17

NYC-WTC 000167142