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1700 Partnership would construct an elevated, enclosed pedestrian
walkway (the Skyway) connecting 1UBC with the Atrium, and the
costs of construction and maintenance of the Skyway would be
shared equally by the 1700 Partnership and the Bank (the Skyway
Agreement).
Concurrently with the execution of the Ground Lease, the
Atrium Project Agreement, and the Skyway Agreement, the Bank and
the 1700 Partnership entered into an agreement dated February 5,
1981, whereby the Bank granted to the 1700 Partnership, its
successors and assigns, and to the current and future fee owners
of the 1UBC land and improvements thereon, an easement for
pedestrian access in, on, over, and through the common areas of
the Bank's property on the Broadway-Lincoln and Lincoln-Sherman
blocks, including the Atrium (the 1981 Easement Agreement). In
addition, under the 1981 Easement Agreement, the 1700 Partnership
granted to the Bank an easement for pedestrian access in, on,
over, and through the common areas of 1UBC.
Concurrently with the execution of the Ground Lease, the
Atrium Project Agreement, the Skyway Agreement, and the 1981
Easement Agreement, the Bank and the 1700 Partnership entered
into an agreement dated February 5, 1981, whereby the Bank agreed
to lease (approximately 500,000 square feet of) space in 1UBC.
4. The Ross and Eastdil Reports
In 1984, prior to construction of the Atrium, the Bank
retained two real estate consulting firms, Ross Consulting and
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