the privilege of two renewals of ten years each, at a rental of four cents per square foot per annum for the first term, and advancing 10 per cent. per annum for each of the renewal terms, I would report as follows:

Up to the present time but little improvement, if any, has been made along the Harlem river at this point, but the opening of the Rapid Transit Railway and the construction of the bridge across the Harlem river at Two Hundred and Seventh street will, in my opinion, materially change the condition of affairs, and in consequence I suggest to you the propriety of limiting the lease to one renewal term of ten years, making a total of twenty years instead of thirty.

The lease to the Third Avenue Railroad Company referred to by the Commissioner, the terms of which are practically the same as those proposed for the present lease, has been in existence eight years of the first term of ten, and it would therefore appear to me that the price fixed for this first renewal term will be more nearly equitable for the price to be fixed for the proposed lease, to wit: 4.4 cents per square foot per annum, instead of 4 cents, as proposed.

A lease to the Manhattan Railway Company, covering the land under water near One Hundred and Fifty-ninth street, is at the rate of 4.5 cents per square foot per annum, and expires in 1907. The renewal term of ten years expires in 1917, being at the rate of 5.6 cents per square foot per annum.

I would therefore recommend that the Commissioners of the Sinking Fund consider the advisability of changing the terms proposed, making the lease for a term of ten years, with the privilege of one renewal of ten years, the price for the first term to be $410 per annum, and for the renewal term at an advance of 10 per cent., or $450.

Respectfully,

EUG. E. McLEAN, Engineer.

Approved:

E. M. GROUT, Cmptroller.

The Dock Commissioner, who was present, was interrogated in regard to the matter. Discussion followed.

On motion, the matter was referred back to the Commissioner of Docks.

The following communication was received from the Fire Department relative to a renewal of the lease of premises located on Rockaway avenue, near Flatlands avenue, in the Borough of Brooklyn:

BOROUGH OF MANHATTAN, October 6, 1904.

To the Honorable Commissioners of the Sinking Fund:

GENTLEMEN-This office is in receipt of a communication from the Deputy Commissioner, boroughs of Brooklyn and Queens, dated the 27th ult., stating that the lease of premises on the east side of Rockaway avenue, near Flatlands avenue, Canarsie, Borough of Brooklyn, occupied by Engine Company No. 157, would expire October 1, 1904, and recommending that your Honorable Commission be requested to authorize the renewal of the same for a period of one year from said date, under the terms of the lease which has expired (annual rental of $700), to which Mr. Leonard Ruoff, the lessor,

has agreed. I have the honor to request that a lease of the premises in question be authorized as recommended by the Deputy Commissioner, boroughs of Brooklyn and Queens, and to inclose copy of his communication and of the consent of Mr. Ruoff, by his attorney, David Teese.

lease.

Respectfully yours,

NICHOLAS J. HAYES, Commissioner.

Approved for renewal upon the same terms and conditions as contained in existing

OCTOBER 14, 1904.

MORTIMER J. BROWN,

Appraiser of Real Estate in charge of Bureau.

In connection therewith the Comptroller offered the following resolution :Resolved, That the Comptroller be and is hereby authorized and directed to execute a renewal of the lease to the City, from Leonard Ruoff, of premises located on Rockaway avenue, near Flatlands avenue, in the Borough of Brooklyn, for the use of the Fire Department, for a term of one year from October 1, 1904, at an annual rental of seven hundred dollars ($700), payable quarterly, otherwise upon the same terms and conditions as contained in the existing lease-the Commissioners of the Sinking Fund deeming the said rent fair and reasonable, and that it would be for the interests of the City that such lease be made.

Which was unanimously adopted.

The following communication was received from the President of the Borough of Queens, relative to a renewal of the lease of four lots of land on the east side of Twentieth street, between Twelfth avenue and Albert place, in the Village of College Point:

LONG ISLAND CITY, September 28, 1904.

To the Honorable, the Sinking Fund Commission, City of New York:

GENTLEMEN-Mr. Cassidy desires me to request you to renew the lease of Wm. H. Morrell for premises in the Town of Flushing, Third Ward, Borough of Queens, known as Lots Nos. 77, 78, 79 and 80, Block 3, subject to the same conditions and provisions as contained in the lease bearing date August 8, 1902.

Respectfully yours,

GEO. S. JERVIS, Secretary to President.

N. B.-The premises above referred to are occupied by the Bureau of Street Cleaning as a disposal plant, and lease therefor expires on October 1, 1904.

Approved for renewal for a term of two years from October 1, 1904, with the privilege of renewal for two years; otherwise upon the same terms and conditions as contained in the existing lease. Lessor, William H. Morrell.

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

September 30, 1904.

In connection therewith the Comptroller offered the following resolution: Resolved, That the Comptroller be and is hereby authorized and directed to execute a renewal of the lease to the City from William H. Morrell, of four lots of land on the east side of Twentieth street, between Twelfth avenue and Albert place, in the Village of College Point, on which are erected crematories and other buildings, owned by the City, for the use of the President of the Borough of Queens, for a term of two years from October 1, 1904, at an annual rental of two hundred dollars ($200), payable in advance; otherwise upon the same terms and conditions as contained in the existing lease-the Commissioners of the Sinking Fund deeming the said rent fair and reasonable and that it would be for the interests of the City that such lease be made.

Which was unanimously adopted.

The Comptroller presented the following report and offered the following resolution relative to the assignment of the property owned by the City between One Hundred and Thirty-ninth and One Hundred and Fortieth streets, and extending from Fifth avenue to the Harlem river, Borough of Manhattan, to the Department of Water Supply, Gas and Electricity:

Hon. EDWARD M. GROUT, Comptroller:

SEPTEMBER 15, 1904.

SIR-The Commissioner of the Department of Water Supply, Gas and Electricity, in a communication under date of July 18, recommended the purchase by the City, for the use of his Department as a pipe yard, the property bounded by the north side of One Hundred and Fortieth street, the east side of Fifth avenue, the south side of One Hundred and Forty-first street and along the Harlem river ship canal, between One Hundred and Fortieth and One Hundred and Forty-first streets, and transmits a report from the Consulting Engineer, Mr. George W. Birdsall, of the Department of Water Supply, Gas and Electricity.

I do not see the necessity of the City acquiring the block requested by the Commissioner, for the reason that the City is the owner of the block just south of the one mentioned, extending from Fifth avenue to the Harlem ship canal, and from One Hundred and Thirty-ninth to One Hundred and Fortieth street, and I would respectfully recommend that the Commissioners of the Sinking Fund adopt a resolution assigning to the Commissioner of the Department of Water Supply, Gas and Electricity, during the pleasure of the Board, the property owned by the City, being the block bounded by Fifth avenue, the Harlem ship canal, East One Hundred and Thirty-ninth and East One Hundred and Fortieth streets, subject to the use by the Commissioner of the Department of Street Cleaning of a certain part of the premises for Departmental purposes.

Respectfully submitted for approval,

Approved:

MORTIMER J. BROWN, Appraiser of Real Estate in Charge of Bureau.

EDWARD M. GROUT, Comptroller.

Resolved, That the property owned by the City, being the block bounded by Fifth avenue, the Harlem ship canal, East One Hundred and Thirty-ninth street and East One Hundred and Fortieth street, be and the same is hereby assigned to the Department of Water Supply, Gas and Electricity, subject to the use by the Department of Street Cleaning of a certain part of said premises for Departmental purposes, said assignment to continue during the pleasure of the Commissioners of the Sinking Fund.

The report was accepted and the resolution unanimously adopted.

The Comptroller presented the following report and offered the following resolution, relative to an amendment to resolution authorizing a lease of premises at the junction of Manhattan street, Amsterdam avenue and One Hundred and Twenty-sixth street, Borough of Manhattan, for the use of the Eleventh District Municipal Court:

Hon. EDWARD M. GROUT, Comptroller:

OCTOBER 7, 1904.

SIR-The Commissioners of the Sinking Fund at a meeting held February 29, 1904, authorized a lease of the second floor of building to be built on the triangular plot of ground at the junction of Manhattan street and Amsterdam avenue and One Hundred and Twenty-sixth street, Borough of Manhattan, for the use of the Eleventh District Municipal Court, from the New York Operating Company.

William E. Stillings, attorney for the lessors, in a communication under date of October 1, 1904, requests that the resolution be amended, for the following reasons:

"My client found that he could procure additional property in the rear of the pro'posed building and by so doing was able to erect a much larger building than that first "contemplated. He then discovered that he could let the 5,000 square feet on the second "floor to the City for $5,000 per annum."

As the designated 5,000 square feet, which has been accepted by the City, is only a portion of the second floor, I would respectfully recommend that the Commissioners of the Sinking Fund amend the resolution by inserting the words "a portion of" so as to read "of a portion of the second floor of building to be built," etc.

Respectfully submitted for approval,

Approved:

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

EDWARD M. GROUT, Comptroller.

Resolved, That the resolution adopted by this Board at meeting held February 29, 1904, authorizing a lease of the second floor of building to be built on the triangular plot of ground at the junction of Manhattan street and Amsterdam avenue and One Hundred and Twenty-sixth street, Borough of Manhattan, for use as a court-room by the Eleventh District Municipal Court, be and the same is hereby amended by inserting

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the words a portion of" before the words "the second floor of the building," etc., so that the premises to be leased will be described as a portion of the second floor of the building to be built on the triangular plot of ground at the junction of Manhattan street and Amsterdam avenue and One Hundred and Twenty-sixth street, Borough of Manhattan."

The report was accepted and the resolution unanimously adopted.

The following communication was received from the Police Department relative to a renewal of the lease of premises on Nineteenth avenue, between Benson and Bath avenues, in the Borough of Brooklyn:

NEW YORK, October 1, 1904.

To the Commissioners of the Sinking Fund, No. 280 Broadway, City:

GENTLEMEN-The Police Commissioner this day

Ordered, That the Commissioners of the Sinking Fund be and are hereby respectfully requested to authorize the Comptroller to execute renewal of lease from Margaret McGrath of premises on Nineteenth avenue, between Bath and Benson avenues, in the Borough of Brooklyn, for station-house and stable for the Seventieth Precinct, for one year from January 1, 1995, at $750 per annum, the covenants to be the same as in the existing lease.

Very respectfully,

WM. H. KIPP, Chief Clerk.

Approved for renewal upon the same terms and conditions as are contained in the existing lease.

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

In connection therewith the Comptroller offered the following resolution:

Resolved, That the Comptroller be and is hereby authorized and directed to execute a renewal of the lease to the City, from Margaret McGrath, of premises on Nineteenth avenue, between Benson and Bath avenues, in the Borough of Brooklyn, for the use of the Police Department, for a term of one year from January 1, 1905, at an annual rental of seven hundred and fifty dollars ($750), otherwise upon the same terms and conditions as contained in the existing lease-the Commissioners of the Sinking Fund deeming the said rent fair and reasonable and that it would be for the interests of the City that such lease be made.

Which was unanimously adopted.