Notice of Public Hearing
NOTICE IS HEREBY GIVEN THAT A REAL PROPERTY ACQUISITIONS AND DISPOSITIONS PUBLIC HEARING, in accordance with Section 824 of the New York City Charter, will be held on August 16, 2017 at 10:00 a.m., 1 Centre Street, Mezzanine, Borough of Manhattan.
IN THE MATTER OF a lease amendment for the City of New York, as tenant, of approximately 1,512 rentable square feet of space on the ground floor in the building located at 90-28 161st Street (Block 9757, Lot 40) in the Borough of Queens for Community No. 12 to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed amendment to lease increases the Cost not to Exceed for Tenant work from $101,500 to $233,279. The tenant shall reimburse the landlord up to $233,279 in accordance with the lease.
IN THE MATTER OF a lease for the City of New York, as Tenant, for the entire building and the exterior parking lot area, located at 95 Evergreen Avenue (Block 3156, Lot 1), in the Borough of Brooklyn, to be used by the Human Resources Administration or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed use was approved by the City Planning Commission pursuant to NYC Charter Section 195 on April 5, 2017 (CPC Appl. No. N 170274 PXK, Public Hearing Cal. No. 15).
The proposed Lease shall be for a period of twenty (20) years commencing upon Substantial Completion of Alterations and Improvements to be performed by the Landlord. Annual rent shall be $6,861,430.00 from Substantial Completion (i.e., the Commencement Date) through year 5, $7,474,390.00 for years 6 through 10, $8,087,350.00 for years 11 through 15, and $8,700,310.00 for years 16 through 20, payable in equal monthly installments at the end of each month.
The lease may be terminated by the Tenant at the twelfth (12th) or fifteenth (15th) anniversary of the Commencement Date upon 24 months prior written notice to the Landlord. In the event of said termination, the Tenant shall pay a termination fee to the Landlord equal to the unamortized brokerage fees and Landlord’s Contribution (the amount of which as set forth in the last paragraph below is $5,777,220.00) amortized at 6% toward the Work.
Tenant shall have one option to renew the lease for a period of five (5) years at an annual rent to be the greater of the then escalated rent or the prevailing Fair Market Value.
The Landlord shall prepare final architectural plans and engineering plans and make alterations and improvements in accordance with preliminary architectural plans and specifications which are attached to the Lease. The alterations and improvements consist of Base Building Work, which the Landlord shall provide at its sole cost and expense, and Tenant Work. The total cost of the final architectural plans and engineering plans for the Tenant Work shall not exceed $20,476,420.00 of which the Landlord shall contribute $5,777,220.00 and the balance shall be paid by the Tenant in accordance with the terms of the Lease.
Further information, including public inspection of the proposed lease may be obtained at One Centre Street, Room 2000 North, New York, N.Y. 10007. To schedule an inspection, please contact Chris Fleming at (212) 386-0315.
Individuals requesting Sign Language Interpreters should contact the Mayor’s Office of Contract Services, Public Hearings Unit, 253 Broadway, 9th Floor, New York, N.Y. 10007, (212) 788-7490, no later than SEVEN (7) BUSINESS DAYS PRIOR TO THE PUBLIC HEARING. TDD users should call VERIZON relay services.