NYC 9/11 Public Portal Document
Ms. Catherine T. Giliberti
June 30,1997
Page 2
ABATEMENT: Please quote the amount of free rent Tenant shall receive. The
rent concession shall commence upon lease commencement.
REAL ESTATE TAXES: The Tenant shall pay its proportionate share (to be determined) <4,^
of increases in real estate taxes above the Base Tax Year. The / J
Base Tax Year shall be fiscal 1998/99 provided the Tenant has
taken occupancy prior to December 31,1998. If the Tenant takes
occupancy after December 31,1998, then the Base Tax Year
shall be fiscal 1999/00. jX
OPERATING EXPENSES; The Tenant shall pay its proportionate shar?(percent to be
determined) of increases in direct operating expenses using the
CPI escalation formula as defined in the lease, above the Base
Operating Year. The Base Operating Year shall be (I) the
calendar year in which occupancy occurs, if the Tenant takes
0*-'' ' occupancy between January 1st and April 30th, (II) the last half
of the calendar year and the first half of the following calendar
year, if the Tenant takes occupancy between May 1st and August
30th, or (III) the following calendar year, if the Tenant takes
occupancy between September 1st and December 31st.
ALTERATIONS AND The Landlord shall, prior to the commencement of the lease term,
IMPROVEMENTS: prepare final architectural plans and engineering plans and make
alterations and improvements in accordance with preliminary
architectural plans and specifications prepared by the Division of
Real Estate Services.
Please quote the allowance the Landlord shall contribute toward
the cost of final architectural plans, engineering plans, and
alterations and improvements on an aggregate annual basis for
the entire fioor.
If the cost of the final architectural plans, engineering plans, and
alterations and improvements exceed the Landlord’s allowance,
any balance up to an authorized maximum will be paid by the
Tenant. Any unused allowance will be credited to Tenant in the
form of a rent abatement at the beginning of the lease.
NYC-WTC_000170979
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