Subject: Re: Time Sensitive
From: Bruce Lindsey <[email-masked]>
To: Laura Graham <[email-masked]>, "[email-masked]" <[email-masked]>
Date: Tue, 15 Nov 2011 18:27:31 -0500

Let's continue to explore moving the Harlem staff downtown. One option might be to move Clinton Executive Service employees to Harlem, but we don't need to make that decision now.

I agree with your recommendation on #1.

Bruce

________________________________
From: Laura Graham
To: Bruce Lindsey; [email-masked] <[email-masked]>
Sent: Tue Nov 15 14:52:40 2011
Subject: Time Sensitive

Bruce

Hope you are recovering well and feeling better.  I keep you and Hallie in my thoughts and prayers daily.   I am hoping that I can get a yes or no from you on how to move forward re: below 2 questions.

John – if you have any guidance otherwise please advise.  This is an update from our last conversation.  Unfortunately question 1 cannot await your return from China.

Question 1
This building has approx 23k rentable square feet available on floor 2 but as John knows, they need to know today if we are serious about taking all 25k b/c they have a serious offer for part of the floor.  This is the only available space in the building.  After meeting and receiving guidance from Huma last night that HRC is not prepared to commit to a big footprint within CF water street and is unsure whether she will need anything but a possible small footprint of office space at Water Street, I recommend the following:

a.       We let Goldman move forward with their serious tenant to take approximately 8000 rentable square feet on 2 b/c without a big footprint for HRC we cannot use the entire floor.

b.      We ask Goldman to give us first rights to consider the remaining approximately 15000 rentable square feet on 2 while we discuss our expansion needs (including but not limited to a possible small footprint for HRC).  I will put together a memo that outlines what I believe to be our growth needs + a possible small footprint for HRC that Huma and I discussed to help inform this decision.

Can I proceed as recommended above?

Question 2
CVC, BC, HRC and others have expressed the desire to move our Harlem personnel (10 total and all employed by CESC) to Water Street now.  I have David Beale exploring the options of fitting them in with the 18th floor at Water street including related costs and possible displacement of CF related but separately incorporated entities in the following order:  AHG, CHAI, CGSGI.  I expect to get his proposal sometime next week. Some considerations before we decide:

a.       Do we want to move these personnel from Harlem?  Keep in mind that we risk exposure because it will mean GSA is paying for an empty 8600 square feet until August 2014, our first out option.  We have landlords who aren’t happy we moved most of our operations out of their building and wouldn’t mind leaking an empty floor to the press.

b.      If we are okay with taking the exposure risk, do we envision the auditors coming back and recommending (and BC accepting) that CESC should not operate within CF space even with a sub-lease agreement?

c.       The advantages of course are obvious – better business continuity, management, etc.

Should I proceed with exploring moving our Harlem personnel to Water Street within next few months?

Thanks Laura

Laura Graham
Chief Operating Officer
& Chief of Staff to President Clinton
The Clinton Foundation
55 W 125th St, NY, NY 10027
212-348-1779 phone
212-348-9855 fax
[email-masked]<mailto:[email-masked]>
[email-masked]<mailto:[email-masked]>

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