Abstract of License for OEM at 7 WTC, July 1997

NYC 9/11 Public Portal Document

TOTAL FIRST YEAR ESTIMATED COST/SF

Base Rent: $28.00 Real Estate Taxes 0.00 Heating Fuel 0.00 Operating: 0.00 SUBTOTAL $28.00 Sprinkler: 0.00 Electricity: 1.50 TOTAL $29.50

Alterations and Imnrovements: The Landlord shall contract consulting services during the license period which will allow the City to fast-tract project and take occupancy ASAP. The Landlord will prepare final architectural and engineering plans and make the alterations and improvements in accordance with preliminary architectural plans and specifications prepared by the Division of Real Estate Services and approved by the agency. Landlord shall contribute $45.00 psf to the cost of plans and improvements. Tenant to reimburse landlord for the balance of the Tenant work, up to a total cost not to exceed $.

Market Justification: Alternative Sites: See attached Market Comparable: See attached

Landlord; Silverstein Properties Address: 120 Broadway New York, New York 10271 Telephone Number: (212) 732-9700

Real Estate Taxes: Escalated above base year 1997/98-based on review of PILOT* Operating Expenses: Escalated above base year-1998 Cleanijig: Included Asbestos: If found, landlord will remove City Sites: No City-owned sites found suitable for this requirement Status 19S Approval: Agency is preparing

’NOTE: Landlord will request the elimination of the PILOT payment due to the City’s occupancy. If approved, that would result in a $3.70 tp $4.00 psf reduction in base rent.

Services: Landlord Tenant Landlord Tenant

Heating Fuels: X Cleaning X A/C Power X Rubbish: X Elevator: X Water: X Electric: X

Repairs:

Heating Equipment: X Windows: X A/C Equipment: X Sidewalks: X Elevators: X Interiors: X Plumbing: X Exteriors X Electrical: X Structural X

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