Wednesday, January 20, 2016

Renewal of the Lease for the NYCERS Disaster Recovery Site at Long Island City

In late spring of 2006 NYCERS signed a ten year lease for a disaster recovery site in Long Island City. It comes up for renewal this year.

As of today NYCERS still does not have a Certificate of Occupancy for the site. This means that there has never been a full fledged test of a recovery plan since legally workers are not permitted on the site. I have no idea how NYCERS can safely run their file backup system at this site when there is no permanent staff at the site. As far as I know there is no plan B.

NYCERS has an option to renew the lease for up to two five year periods.

What do you think D'Alessandro will do? What do you think the trustees will do?

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