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Document / 114 pages

Draft lease agreement, August 1997

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

NYC-WTC_000170296–000170409

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

y^TFRATTQNS AND

(Ap JLan^oidagj2^UaiaLla-il»'S«bst®t^^ IRnjT

to make alterations and improvements (the “Work") based on preliminary plans and^ scope of

work (the “Preliminary Plans”) prepared by DRES and reproved by the ing Agency and

attached hereto as Exhibit _ and made a part hereof. The Work of alterations and

improvements that Landlord shall perform at its own cost and (the “Landlord’s Work”)

and alterations and improvements, the cost for which Ten^t shall reimburse Landlord, in whole

or in part, as hereinafter described (the “Tenant Worjr).

Within ten (10) business days from th^xecution and delivery of this Lease by Tenant to

Landlord, Landlord shall solicit and delive^ids from three (3) architects for the cost of preparing

the Final Plans (as hereinafter defined^r the Work in its entirety and broken down into

Landlord’s Woik and Tenant’s W0rk cost components. The bids shall set forth the cost and the

itemization of the selected arcffitect's (hereinafter "Architect") work as described below. Within

five (5) business days thereafter, DRES shall submit to Landlord either written (a) approval of one

of the three (3) bids (b) disapproval of all bids and the reasons therefor. In case of disapproval

of all three bids^RES shall meet with Landlord within five (5) business days thereafter to

attempt to evolve its objections failing which, Tenant may upon thirty (30) days written notice to Landlqrdterminate this Lease.

Landlord shall cause its Architect to prepare architectural and engineering plans and

^^^eaficaiiOflS (the "FiflaHMansl^). rThe Final Plans must (i) be engineering and architecturally

^^^complete; (ii) be coordinated with existing building conditions and facilities; (iii) conform to all

! I

NYC-WTC_000170327

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NYC-WTC_000170327Source: NYC Law Department, mirrored locally

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