PROPOSED RESOLUTIONS AUTHORIZATIONS RELATED TO GROUND LEASE FOR SOUTHTOWN BUILDING #8 IN ACCORDANCE WITH THE FIFTH AMENDMENT TO THE DEVELOPMENT AGREEMENTDevelopment Agreement • April 11th, 2018
Contract Type FiledApril 11th, 2018WHEREAS, Roosevelt Island Operating Corporation (‘RIOC’) and The Related Companies, L.P., and The Hudson Companies Incorporated (collectively, the “Developer”) entered into a Development Agreement dated as of August 24, 2000, which was amended by a First Amendment to Development Agreement dated as of December 21, 2001, a Second Amendment to Development Agreement dated as of July 22, 2004, a Third Amendment to Development Agreement dated as of August 25, 2006 (the “Third Amendment”), a Fourth Amendment to Development Agreement dated as of October 29, 2015 and a Fifth Amendment to Development Agreement dated as of September , 2017 (the “Fifth Amendment”; the original Development Agreement, as subsequently amended being collectively referred to as the “Development Agreement”);