A bill for an ordinance approving proposed Amendments to approximately ten Leases, Licenses and Concession Agreements in response to the COVID-19 health crisis, to be negotiated by the Director of Real Estate to provide relief for the tenants. Authorizes the Division of Real Estate to negotiate and amend commercial leases in City-owned buildings to provide three months of rent relief in response to the COVID-19 pandemic. The last regularly scheduled Council meeting within the 30-day review period is on 5-18-20. Councilmember Black approved filing this item on 4-23-20.
11 hours, two days. Council Resolution 416 has been adopted. Madam Secretary, if you put the next item on our screens and howsoever can each. This is three eight. Go ahead with your comments. Thank you, Mr. President. This is the ordinance authorizing location. Of what you need to. See the process here. I mentioned this last week, and I want to take my prior comments about the values that this administration has shared about. This is a perfect example. I want to. Thank the administration for working with me to think about ways that we can make sure that we give residence to these tenants in our city owned building the commercial scale that we're thinking about here. They had an envoy as well. So the leases include a of subway store. A restaurant. A coffee shop. The EPA. Has. A gallery of theater and includes everything. The Statue of Liberty is a great example. And then the people, Republicans and as well wide array and many of the workers who work for these companies probably at any level important stuff for them. And based on that conversation with the administration, there been a commitment to the protection so that when companies hopefully get back money, they are going to bring back the workers that they have before they hire others. This will probably be a very different stock market, but it is no small thing to know that you go back to the founding cap, that there will be any potential motivation to think about workers. Whether that be. People or whether they do not begin with, be getting pregnant with or without food or without health conditions, for example. So this eliminated any of those risks by giving those workers that local reward the businesses that it wouldn't have health insurance. That is so critical right now. We don't have all the tools we need at. With government to address the. Very large structural issues that our government needs to take on. But in a small way, we can report the right thing and say for private insurance, really a great. Precedent. And to show the way it can be honored, both the businesses that have to pay your rent as well as the workers that they have. So I just want to say thank you to this network. This is not something you're going to see in the audience. We're not supposed. To. Describe how this is going to be put into effect. So folks understand the mechanism. Yep. Go ahead. Great. Thanks so much. Sure, Sky Stewart from the mayor's office said Alchemical Mechanics explained that this is an ordinance to allow the property finances division of real estate to renegotiate some lease terms with these tenants. As part of that, there will be an addendum to their lease that outlines the specific provisions that we're talking about here, where if they take advantage of that rent deferral, will their rent be deferred, a term added to the end of their term, but they will be required to meet these obligations in terms of the rehire provision. So they'll be required to try to stop their employees when they leave. Though she said that she will have the ability to check when they begin rehiring them. They have made the offers to those same employees. And also on the health insurance side, the one who was being provided health insurance, if they are being paid for that health insurance throughout the terms of the rent deferral, we will actually offset the cost in an equal amount to what they are paying in terms of that insurance. But that said something in doing that, as the council, I mentioned that a lot of these are part time jobs and a lot of Pacific operations here. So not everybody was receiving health insurance, but there are some more employees and management employees that we know are receiving health insurance that have to be paid over that time. So I want to make sure that they are rewarded for continuing to support their employees during this crisis. Thank you, Mr. President. Nothing other. I want to.