Memo for calendar re: 7 WTC lease public hearing, March

NYC 9/11 Public Portal Document TEL:212-?38-75U Mar 03’98 16:55 ^o.OO5 ^.04 KOYCR’S CF-C/EMS M3T DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES MVISIONOP UALUTAnSEXVlCKS Ee auuMior Laasmo AND SPA0I oosuN MuraoffALMnDMCKMainMr .foswaoooN inwYOMC,N.Y. i«eor (titjMsosm WSXIAM J DIAMOND unu mouiTEIN rUTKEV R KONDRAT OMSSSMsssr OgNSy GttHiittsiaitr XffUMsr

MEMO FOR CALENDAR JUoordNo.. CWeodarNa...

FUBLIC HEARING pursuant to Ae provisions of Seedon 124 of the Now York City Charier, as submitted by Ae Departmant of Ckywide Admbiatrative Services, Division of Real Estate Services, hereby authoriass a faww for the City ofNew York, as tsnsnt. of spproximarely SAIB nntabki squaw foot of space on entire 23** fbor and part of Ae 7* fieer. of a located at 7 World Trade Center (Block 84 A Lot 36) in the BorowA ef Manhettsn for As Mayer’s Office of Emergency Maangement to use as a office, or for such other use as Ae Comnissnasr rfths Departmeot of Citywide Administrstive Sci view maydetoraiine.

Tlw prapoMd UK wm approvod Sy ttav City Plaanim CqirotuMwn pursuant to NYC Charter Section 195c on Dwi«nb«r 3,1997 (CW Appl. No. N9iOJ49PXH Public Hoanng Cal. No 21}.

TIk proposed lone shill b« &r a period oonuMBoint upon the Date of Execution of the leaee and expiring January 31,2018 at aanual n« of SUtUlOS($21.00 per square fbot) from January 1,1999 (subject to Substantial CorepiatioQ, as Suthar daAaed itt As lease) tor five (5) years, ILZSUZfiJOfi ($35 (X) per aquare ftxjt) for the Mod five (S) years, M-MAlMJin (^7.00 per square foot) for the following five (5) ysars, and lldJEZJttlAI ($<2.00 per squin foot) Ar the ramainiag term, payable to equal monthly instatlmeets at the end ef each month.

The lease rasy be terminstsd by Ae Ibasat at the end oftanA (10th) yosr. or st any time thereafter, provided Ae Tenant gives Ao Landlord eiAAsn (It) months prior written notice in the event that the lease is toeminitad by Ae Tanaat, Ae Tsnant shall pay to the Landlord the unsmoitiaed portion of the brokerage cennnisaion paid by UiriBord puranant to tUs lease.

The Landlord Aall prepare ardntactural plane and engineering plans and make alterations and improvements. The tnial cost of Tnutt's Initial Work shall not wooed S 14,287,986.00 Thu Landlord shall contribute $1,661,143.00 toward Ao coat and any balance up to a maximum of $12,626.143.00 will be paid by Ao Tenant. The Tenam shall reimborie Ae Landloid for Teoant’i share of the costs, to be dUbureodaamitAtodia Aatoew. Lamfiord shad sappb ardateotm*!, citgineBring mid consultant services at its sole cost and expense.

The Laodtord riiall provide heat, lir-oooditioaiaf oendaaeer anter, hot and cold water and elevator services during aoRnal buaiswea bean 1:00 a m. to 4:00 p.m. on Monday through Friday inclusive, holidays Moeptod, and aooees end elevator (paaseugar and fteight) service twenty-four (24) hours per day, seven (7) days per week. The L«odktd shaO provide daaolag and niMuah removal servjoes, as defined in the lease. Tenant shall reimburee Laodoed for the reaeonahle eoat of afotr^houre frdjpU elevator service, •uppkancntal and afior ham eondsoeer water, and supfHoimotal cleaning survicei.

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