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DPW/Transportation / County Executive/Ctywide Admin Svc - Enter into Lease Agreement No. 25-901 with WP Plaza Owner LLC and WP Plaza 715 LLC, for the entire 8th floor, approximately 28,388 square feet of space, at 445 Hamilton Avenue, White Plains, New York, to be used by the Board of Elections during the construction of the LOFT LGBTQ+ Community Center at 25 Quarropas Street. Landlord will also provide the County up to 142 non-reserved parking spaces on a "first-come, first serve" basis in the parking garage located at 275 Main Street and the term of the lease will be five (5) years, with rent commencing upon substantial completion of Landlord's improvements needed to make the Leased Premises ready for the County, which will constitute the rent commencement date. Under the lease agreement, the County will initially pay Landlord $32.50 per square foot in base rent, with annual escalations as listed, for a total amount of $4,801,299.49.
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