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Legal memo re: 7 WTC lease draft #4, Dec 1997

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Memorandum from NYC Law Department to DCAS regarding issues with the fourth draft of the 7 World Trade Center lease.

NYC-WTC_000170180–000170181

Folder label: “7 WTC Draft Lease #4®Mayor's Office of Emergency Planning”

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NYC 9/11 Public Portal Document

DEC-29-1997 09:00 NYC LAW DEPT 212 788 0368 P.32/03

LAW DEPARTMENT 100 CHURCH STREET NEW YORK, N.Y. 10007

JKFKRBY D. FRIEDLANDE«R Mting C0rpQfniitm Counsel

MEMORANDUM

TO: JEFF KONDRAT DCAS Assistant Commissioner (r/7 FROM: JASON CUTLE: Assistant Corporate Counsel )

RE: 7 WTC Draft Lease #4 Mayor’s Office of Emergency Planning

DATE; December 26, 1997

Some problems with draft #4 are as follows:

1.Termination Date - Art. 1, page 3: Did we agree to January 31, 2018? Is not this less than 20 years?

2. Termination payment to Landlord Art 3 (Option to terminate), page 6: We should not have to pay until, or just prior to, the expiration date we have to give in our notice to Landlord given 18 months before the termination date.

3. Tenant Initial Work (Art. 6, pages 21-30): It would be helpful for Richy Ramos to look at this language again I "enclose my hand-written comments. In particular, we should specifically exclude Landlord’s attorney fees and expenses, particularly since under certain circumstances under the License, we were liable for said expenses. Preliminary Plan approval; Art. (A) at bottom of page 21 states that the Preliminary Plans have been approved by Tenant. Will this be correct by the time we execute the Lease? We should also have some language dealing with time frames for completion of the non-general office space. Do we intend to occupy all the space at once? Paragraph (K) must be revised.

4. PASNY Electricity Art. 10 pg 38 -44: It would be helpful for DCAS to look at this closely. In particular, note that Tenant has only a one time, non-recurring option on the first anniversary of the Commencement Date for PASNY power ( see paragraph (H) l.(a) ). Also Tenant must pay for removal and restoration upon termination or expiration of the Lease.

NYC-WTC_000170180

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NYC-WTC_000170180Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

NYC-WTC_000170296

Draft lease agreement between the City of New York and 7 World Trade Company for 45,815 square feet at 7 World Trade Center.

1 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.927

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