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EUCLID AVE. ASSOCS. v. CITY OF NEW YORK

64 A.D.2d 550 (1978)

Euclid Avenue Associates, Appellant, v. City of New York, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

July 13, 1978

On April 22, 1971, the Board of Estimate authorized the lease of a building to be erected by plaintiff with a primary use as a day care center. The board's resolution is incorporated into the lease which set the rental at $191,212.50 per annum. Both the board, in its resolution adopted April 22, 1971, and the Commissioner of Real Estate, in his report dated January 18, 1971, found the lease and rental terms to be "fair and reasonable". During the period August, 1972 through...

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