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Legal memo on 7 WTC lease draft #4 comments, Dec

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Law Department memorandum providing legal comments and corrections regarding the fourth draft of the lease for 7 World Trade Center.

NYC-WTC_000170182–000170191

Folder label: “Article 5 Landlord's Interest in Premises

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NYC 9/11 Public Portal Document

DEC-31-1997 14:33 NYC LAW DEPT 212 788 0366 P.06/13

(B) The term "Work Cost" as used in this Article shall mean the actual cost to

Landlord of furnishing and installing Tenant's Initial Work as shown on the Plans. The parties

agree that all bidding has been eomplctcd and" Tenant has approved-a-'Werk

■ which sum includes all coats (hard and soft) t»<enwlewfjoal Plans and

shall consist of all costs and expenses (excluding construction loan interest and related

financing costs) charged to L

the approved Architect’s fees for the services required for Tenant’s Initial Work shown on the Plans: requested bv DRES, which are set forth JAX additional Arch! fees* for maior modifications or C’-s.

f(b) the performance of all terms of Tenantls.Initial Work in accordance with the Final Plans; and

one fl) general contractor’s general conditions and one (1) contractor’s over-head and profit to the extent indicatedjn contractor’s bid only; LandlordshallnQthe^ntidedtobeoaidanadministrativei^ management fee for the performance of Tenant’s Initial Work. There

Tenant’s Work Cost, including anv components of overhead and profit

Within ten (10) days after DRES’s approval of the Final Plans, and prior to the

£ •ToThTgneement of the Tenant’s Initial Work. Landlord shall submit to Dlft^S Port Authority

administrative approvals with respect to the Final Plans and completed DRES cost estimate

forms (attached hereto as Exhibit ). The cost estimate forms shall he completed bv the

bidders approved bv pfiES and Landlord and shall indicate in reasonable detail the

proposed cost of Tenant’s Initial Work after Landlord, (i) shall have obtained three (3)

competitive bids, proof of which will be supplied to DRES, bv three (3) subcontractors of

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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 0.976

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