Draft letter regarding 7 WTC OEM lease, July 1999

NYC 9/11 Public Portal Document

102127321207 PACE 2/ JUL-20-99 09 40 FROM SILVERSTEIN PROPERTIES

dkpaktmknt of otywxde adj TR^iTIVE SERVICES DIVISION OF SEAL ESTATE SERVICES MUNICIPAL building, nUk Floor - Rmnb 2053 NEW YORK, N-Y. 10007 (212) <«5MS45 Fer (21Z) 6094066 c WILXIAMXIMaMONT) LORI FTERSTEVf o CmiKiatiffKa- CMunsiontr

aXBAND DRAFT My 5,1999

Ma. Catherine T. Gilibciti -b Sonor Vice Piesideiit 7 World Trade Center, LT*. s 'J 521 Fifth Avenue New York, NY 10175

Re; 7 World Trade Center 4 ■O

(Block S4, Lot 3$, Manhattan) c d Mayor’s OfiBce of Emergency Management fWOEhr)

DearMs. Giliberti:

This letter, when countersigned by you in the space below, will confirm onr mutually <Z) undex^tanding and agreement with regard to the Agreement ofLease made as ofMaich25,1998(the “Leased between 7 World TVade Carter, L.P.. as Landlord, and The City ofNew York, as Tenant, covering space in the above referenced building. The Lease, as modified by the March9,1999 letter agreement between us, hereinafter collectively referred to as fixe “Lease". All terms used in fids V letter shall, for fixe purposes hereof have the same meaning ascribed to fium in the Lease. tSi' 1. Tenant shall, wiftin thirty (30) days after fixe execution ofthis letter agreement and die Landlord's invoice (anMxed hereto as Exhibit A), pay to Landlord the sum of 51.8^,322.00 rcprcsentiag a portion of fixe Work Cost in excess of Land]oid*$ Ccuntribtttiftn (“Excess Work Cosf0- r kPe JI - - u 2. Landlord and Tenant agree that the £ and efficient operation of the emergency vt geacraKirs installed on me seventfa (7 [oor are vital to the effective operation ofthe c MOEM The emergency generators ^11 go a so-called complete “black-out simulation load test** on or about 1999. (paibnnance per the plans and specifications), as detenained by HO Poon, CoQsentz Engineers, Swank Hayden and the Dqxaitojcaat of Citywide Administrative Services, isxtxmdtfieB^wccedeBHo^TeBati^s-ebligBfi^^malEo^^^

,3. Tenant shall, within forty-five (45) days after completion of all outstaading work, including, without limitation, the punch-list (annexed hereto as Exhibit B) and change orders, pay Landlord the balance of the then Excess Work Cc-st, except that Tenant may withhold the sum of $400,000.00 ftom the payment of such Excess Work Cost j until the date Lantfi^ has de^^eredth^^ort Authority sigii-o:E&.^^

NYC-WTC_000172574