Lease agreement between City and 7 WTC Company

NYC 9/11 Public Portal Document I.

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-1^8 PUBLlbslffiARING, pursuant to the provisions of Section 824 of>he New York City Chanbc. as submitted by the Department of Citywide Administrative Services, Division mReal Estate Services, hereby authorizes a ka<e for the City of New York, as tenant, onapproximately 20,096 rentable sqa^re feet of space and 7,618 square feet of rent free^xqking lot in the entire building located at 219 Beach 59th Street (Block 15900 & Lots Ssfe 12) in the BopMigh of Queens, for the Income Support Program of the Human Resources Admk^tration to use as an office or for such other use as the Commissioner of the^J^^artment of Citywide Administrative Services may determine. The proposed lease shall be fojzl period of tW^ty (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 completipfb $221,056.00 ($11.00 per’square foot) from sub­ stantial completion throushz/10/2001, $251,200.00 ($12.50 pelx^uare foot) from 2/11/2001 through 2Af0/2006, $282,750.72 ($14.07 per square foot) from 2/11/2006 through 2/k)/20 11 years and $318,119.68 ($15.83 per square’ll) from 2/11/2011 through 2/10/2016 payable in equal monthly installments at the’^d of each month. / The le4se 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 noti^ In the event that the lease is terminated by the Tenant during the first ten (Ko 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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I' NYC-WTC_000169343