Morgage says PRC pressures Riverstone to sign unfavorable license agreement
Morgage says DFTA initially assured signing a lease was voluntary, but that was reversed and PRC is pressuring Riverstone. The agreement includes eviction if Riverstone fails to maintain insurance coverage, which PRC caused them to lose. She says the template from NYCHA appears framed for for-profit enterprises.
Third point, after written assurances by DFTA that signing any lease was voluntary, that was
administratively reversed and PRC is pressuring us to sign a very unfavorable license agreement.
Ironically, one stipulation in that agreement is that Riverstone is subject to eviction if we fail to maintain required insurance coverage.
So sit with that for just a minute.
They cause us to lose our insurance.
And then they can use that as justification for evicting us if we sign their agreement.
There are numerous other onerous conditions, such as giving a for-profit contractor the right to change the name of the organization.
PRC's license agreement template was provided by NYCHA.
and appears to be framed with for-profit enterprises in mind.
There's a lot of language about not being able to operate a funeral parlor or a tattoo parlor or a liquor store.
Our objections to the proposed provisions are numerous and they're spelled out in our written testimony.