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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 October 17, 2018 at 10:00 a.m. in Conference Room B, 20th Floor, 1 Centre Street, Borough of Manhattan, in the matter of a lease for the City of New York, as tenant, of approximately 17,357 square feet of space on the 18th floor of the building located at 1 Metrotech Center (Block 147, Lot 4 ) in the Borough of Brooklyn for the Mayor’s Office of Operations and the Human Resources Administration to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed lease shall be for a period of ten (10) years from the earlier of the date of occupancy or Substantial Completion of alterations and improvements, at an annual rent of $867,850 for the first five (5) years, and $945,956.50 for the following five (5) years payable in equal monthly installments at the end of each month. The first two (2) months after commencement are rent-free.
The lease may be terminated by the Tenant at the end of seven (7) years or at any time thereafter, provided the Tenant gives the Landlord twelve (12) months prior written notice.
The Tenant shall have the right to renew the lease for two (2) periods of five (5) years at the Fair Market Value Rental rate as defined by the lease agreement.
The Landlord shall make alterations and improvements in accordance with specifications which are attached to the lease. The alterations and improvements consist solely of work which the landlord shall provide at its sole cost and expense.
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/Translators 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 TEN (10) BUSINESS DAYS PRIOR TO THE PUBLIC HEARING. TDD users should call VERIZON relay services.