Lease agreement between City and 7 WTC Company

NYC 9/11 Public Portal Document I

Wednesday, March 25,1998 20

^enior center, or for such other similar use, as the Commissioner of the Department ol^itywide Administrative Services may determine. X proposed use was approved by the City Planning Commission pursjKmt to NYC Charter Section 197c on May 16, 1990 (CPC Appl. No. C 900270 PLM, Public Heahug Cal. No. 47). The proposed lease shall be for a period of five (5) years from February 24, 1996 at an annual :nt of $133,000.00 ($19.00 per square foot), payable in equal monthly installments le end of each month. / The Tenant shall havibsthe right to renew the lease foi/a period of five (5) years at an annual rent of $133,OOO?QD ($ 19.00 per square f<w- The Landlord shall, upon>»xecution of the/fease, make alterations and improvements in accordance with spedfications/jM'epared by the Division of Real Estate Services and approved by the Agehqv. / The Landlord shall provide heat, air-cojidhioning, and hot and cold water dur­ ing normal business hours 8:00 a.m. to 6^(0 p.mxon Monday through Friday inclu­ sive. However, access to be provided ^hours/7 dayxoer week. The Landlord shall provide cle^ng and rubbish rehsoval services. The Landlord shall pay reabestate taxes, assessments\water rates and sewer rents. / The Landlord shall ma^interior, exterior, and structural rep^?^ including but not limited to maintena^, repair and replacement to the roof, sidbwalks, win­ dows, plumbing, electrfcal, heating, ventilation and air-conditioning equipment. Tenant shall reimburse Landlord for the costs of any such repairs caus^dby Tenant’s negligenge or intentional acts. \ The Landlord shall, at its sole cost and expense, abate any deteriorated asbestos ducmg the term of the lease. If the survey recommends removal, the Landlord^all remove the asbestos at its sole cost and expense and the rent shall be abated/for that portion of the space which becomes untenantable during the asb^os removal. Close the Hearing.

No. 16 R-15855 PUBLIC HEARING, pursuant to the provisions of Section 824 of the New York City Charter, as submitted by the Department of Citywide Administrative Services, Division of Real Estate Services, hereby authorizes a lease for the City of New York, as tenant, of approximately 50,182 rentable square feet of space on entire 23rd floor and part of the 7th floor, of a building located at 7 World Trade Center (Block 84 & Lot 36) in the Borough of Manhattan, for the Mayor’s Office of Emergency Management to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may deter­ 4 mine.

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