Lease Agreement between City and 7 WTC Company, Mar 1998

NYC 9/11 Public Portal Document

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<8 PUBLlbsHEARING, pursuant to the provisions of Section 824 of^tfle New York City Charter, as submitted by the Department of Citywide Admnistrative Services, Division o^RmI Estate Services, hereby authorizes a ka^ for the City of New York, as tenant, w^araroximately 20,096 rentable squi^ feet of space and 7,618 square feet of rent free^>a{^ng lot in the entire bqildmg located at 219 Beach 59th Street (Block 15900 & LotsV& 12) in the Bopdgh of Queens, for the Income Support Program of the Human Resources Administration to use as an office or for such other use as the Commissioner of th^S^artment of Citywide Administrative Services may determine. The proposed lease shall be fojza period of wqnty (20) years from February 11, 1996, at an annual rent of $^00,960.00 ($10.00 p^k§quare foot) from 2/11/96 through substantial completipl\ $221,056.00 ($11.00 per^quare foot) from sub- stantial completion throu^^2/l0/2001, $251,200.00 ($12.50 pelsMiluare foot) from 2/11/2001 through y(0/2006. $282,750.72 ($14.07 per squ^Sfre foot) from 2/11/2006 through 2d0/2011 years and $318,119.68 ($15.83 per sqi 0 from 2/11/2011 throu^ 2/10/2016 payable in equal monthly installments at the ^d of each month. / The k«e may be terminated by the Tenant at the end of two (2) years, or at any timeihereafter, provided the Tenant gives the Landlord 180 days prior written noticdf In the event that the lease is terminated by the Tenant during the first ten (Kf) 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_000169683