AGREEMENT OF LEASE

NYC 9/11 Public Portal Document

Wednesday. March 23.1998 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-1^ PUBU( IG, pursuant to the provisions of Section 824 oLtiie New York City < as submitted by the Department of Citywide Administrative Services, Division ofR^ Estate Services, hereby authorizes a for the City of New York, as tenant, ohapproximately 20,096 tenuble sgudS feet of space and 7,618 square feet of rent frecpariung lot in the entire bgilmng located at 219 Beach 59th Street (Block 15900 & LotsV&12) in the Bopodgh of Queens, for the Income Support Program of the Human Resources Admidrstration to use as an office or for such other use as the Commissioner of partmcnt of Citywide Administrative Services may determine. The proposed lease shall be fop>a period of mqnty (20) years froin February 11, 1996, at an annual rent of $^.960.00 ($10.00 p^KMuai foot) from 2/11/96 through substantia] completipfC $221,056.00 ($11.00 perSq ire foot) from'sub* stantial completion througif2/10/2001, $251,200.00 ($12.50 । : foot) from 2/11/2001 through ^0/2006, $282,750.72 ($14.07 per squ foot) from 2/11/2006 through OaOll years and $318,119.68 ($15.83 per sq 1) from 2/11/2011 thro^ 2/10/2016 payable in equal monthly installments at end of each month. / The U4se may be terminated by the Tenant at the end of two (2) years, or at any tim/thereafter, provided the Tenant gives the Landlord 180 days prior written '' nodpe In the event that the lease is terminated by the Tenant during the first ten (P5) 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_000167142