Re: Time Sensitive

From:john.podesta@gmail.com To: lgraham@clintonfoundation.org CC: blindsey@clintonfoundation.org Date: 2011-11-20 18:35 Subject: Re: Time Sensitive

Laura and Bruce,. Back from china where I was not accessing this account for security reasons. I agree with your back and forth on #1. I am more worried about fallout from #2. Let's discuss. John On Tue, Nov 15, 2011 at 6:32 PM, Laura Graham <lgraham@clintonfoundation.org> wrote: > Great. Thx > ________________________________ > From: Bruce Lindsey > To: Laura Graham; john.podesta@gmail.com <john.podesta@gmail.com> > Sent: Tue Nov 15 18:27:31 2011 > Subject: Re: Time Sensitive > > 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; john.podesta@gmail.com <john.podesta@gmail.com> > 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 > Lgraham@clintonfoundation.org > Laura@presidentclinton.com > > Please consider the environment before printing this e-mail > >