Lease Agreement between City and 7 WTC Company, Mar 1998

NYC 9/11 Public Portal Document

Wednesday. March 25. 1998 20

^senior center, or for such other similar use, as the Commissioner of the Department of^itywide Administrative Services may determine. N}c proposed use was approved by the City Planning Commission purspdnt to NYC Charter Section 197c on May 16, 1990 (CPC Appt. No. C 900>TO PLM, Public Hea^ Cal. No. 47). X The proposed lease shall be for a period of five (5) years fwm February 24, 1996 at an annuaNqnt of $133,000.00 ($19.00 per square foot); payable in equal monthly installments a^he end of each month. / The Tenant shall hav^e right to renew the lease fopu period of five (5) years at an annual rent of $133,000)00 ($19.00 per square fopf^ The Landlord shall, upoivMxecution of the/(ease, make alterations and improvements in accordance with spemfications^epared by the Division of Real Esute Services and approved by the Agehqy. / The Landlord shall provide heat, air-cml^oning, and hot and cold water dur­ ing normal business hours 8.00 a.m. to 6/10 p.mspn Monday through Friday inclu­ sive. However, access to be provided ^hours/7 da^s,per week. The Landlord shall provide cle^ng and rubbish rehaoval services. The Landlord shall pay reabestate taxes, assessmenuswater rates and sewer rents. / The Landlord shall ma^interior, exterior, and structural repaid, including but not limited to maintena^, repair and replacement to the roof, siob^ks, win­ dows, plumbing, elec^al, heating, ventilation and air-conditioning equipment. Tenant shall reimbgrse Landlord for the costs of any such repairs caused by Tenant’s negligence or intentional acts. The Landlord shall, at its sole cost and expense, abate any deteriorated asbestos duping 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 abatedzfor that portion of the space which becomes untenantable during the asbedtos 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 mine.

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NYC-WTC_000169681