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Q&A
Lease agreement between Queens Future and the city
0:41:28
ยท
27 sec
Council Member Moya asks about the lease agreement between the applicant and the city for the development site. David Karnovsky from Fried Frank outlines the key aspects of the proposed lease.
- The lease will be a long-term agreement with Queens Future
- It will be based on the city's standard form of leases, adapted for this specific project
- The lease will require Queens Future to comply with all commitments included in its RFA proposal
Francisco Moya
0:41:28
And lastly, also, if you guys can just please describe what the lease agreement would be between the applicant and the city for the development site.
David Karnovsky
0:41:36
Well, lease would be a lease with Queen's Future for a long term lease agreement based on the city's standard form of leases adapted for the project.
0:41:44
And the key aspects of it would require Queen's Future to comply with all of the and development that it is including in its RFA proposal to ensure that it actually happens.