mit the lessee to remove the bathtub and store the same on premises; the lessee to furnish heat, light and janitor service and to make any repairs it may deem necessary during the term of occupancy; said lease to be subordinated to any mortgage to the amount of seven thounsand five hundred dollars ($7,500) which the owner of said premises may during the term of the lease place upon the demised premises; and 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, the Comptroller be and is hereby authorized and directed to execute the same when prepared and approved by the Corporation Counsel, as provided by sections 149 and 217 of the Greater New York Charter.

The report was accepted and the resolution unanimously adopted.

The following communication was received from the Commissioner of Docks recommending an amendment to resolution authorizing a lease of a franchise to operate a ferry between Classon Point, Borough of The Bronx, and College Point, Borough of Queens, to the Twin City Ferry Company:

Department of Docks and Ferries, City of New York, Pier "A," North River, New York, November 6, 1911.

Hon. WILLIAM J. GAYNOR, Mayor, and Chairman of the Commissioners of the Sinking Fund:

Sir-At a meeting of the Commissioners of the Sinking Fund held May 3, 1911, a resolution was adopted authorizing a lease to the Twin City Ferry Company of a franchise to operate a ferry from and to a point at or near the foot of Clason Point road, Borough of The Bronx, to and from a point between the westerly side of North 10th street, and the easterly side of North 13th street, College Point, Borough of Queens.

*

The lease, among other things, provided as follows: Page 9. "And the said party of the second part (the lessee) * will during the whole of said term, maintain and operate the said ferry in accordance with this lease which shall be construed to provide for a first class ferry in every respect." Page 15. "And the party of the second part further covenants and agrees that the boats shall make at least 12 round trips daily from and to each terminal from the date of the commencement of the operation of the ferry hereby demised until the 1st day of November, 1911."

Page 15. "And the party of the second part covenants and agrees that after the expiration of one year from the commencement of the operation of said ferry, the number of daily trips shall be such as may be fixed and determined upon by the Commissioner of Docks by service of a notice in writing upon the said party of the second part specifying the number of daily trips to be made."

Page 18. "The lessee shall furnish a bond in the sum of five thousand dollars ($5,000) for the faithful performance of all the terms and conditions of the lease, which said, bond, however, shall be of no force or effect from the time that the Commissioner of Docks shall certify that the ferry structures, floats, racks, fenders, bridges and other fixtures at the landing places of said ferry are completed in accordance with plans and specifications to be submitted to and approved by him and the ferry shall be in operation in accordance with the terms of the lease."

Page 19. "In case the ferry, the franchise of which is hereby demised, shall not be in operation in accordance with the terms hereof on or before the 1st day of December, 1911, then and in such event this lease shall be void and of no force or effect."

The Twin City Ferry Company (the lessee) under date of October 25, 1911,

states:

"The construction work has been seriously delayed, but it will be finished shortly. If the work had been finished a month or two months ago, I should have commenced to operate the ferry and probably would have continued it all winter with a reduced schedule, but at a loss. There seems to be no good reason for starting it at this time of the year and my idea is to comply with the requirements of the lease, but do no more than this. I think the terms of the lease will be complied with if the ferry is operated for one day. I propose to do this and then tie up until early Spring."

The ferry structures at both terminals are not yet completed as stated by the lessee but will, before the 1st of December, be in such a stage of progress that a boat can be operated.

I am of the opinion that the best method in this case, and so beg to recommend, that the lease be amended as follows:

The term of the lease to be 10 years from the first day of April, 1912.

The lessee at all times to find, furnish and provide, maintain, keep and navigate such and so many good and substantial steam ferryboat or boats as shall be requisite or necessary for the operation of such ferry and the number of daily trips to be made between such points shall be such as the Commissioner of Docks may prescribe on or about September 1, 1912, provided, however, that from April, 1912, until September 1, 1912, at least 12 round trips daily shall be made.

In case the ferry is not in operation in accordance with the terms of the lease on April 1, 1912, the lease shall be void and of no force or effect.

The remaining terms and conditions of the lease, where not inconsistent with the above, shall remain the same as those contained in the indenture dated June 19, 1911, between The City of New York, acting by the Commissioner of Docks, party of the first part, and the Twin City Ferry Co., party of the second part.

It is understood and agreed that the above alterations or modifications shall be of no force or effect unless the said Twin City Ferry Co. and the surety on said lease shall file in the office of the Commissioner of Docks their written consent to said alterations or modifications and shall also agree that their obligations under the provisions of said indenture shall in no way be affected or impaired by reason of said alterations or modifications, and further provided that the amended form of lease and the consent of the principal and sureties thereto shall be approved by the Corporation Counsel. Yours respectfully,

CALVIN TOMKINS, Commissioner of Docks.

In connection therewith the Deputy and Acting Comptroller presented the following report and offered the following resolution:

To the Commissioners of the Sinking Fund:

November 21, 1911.

Gentlemen-On November 6, 1911, the Dock Commissioner requested the Commissioners of the Sinking Fund to approve of and authorize certain amendments of the lease to the Twin City Ferry Company of a franchise to operate a ferry from Clason Point road, Borough of The Bronx, to a point between the westerly side of North 10th street and the easterly side of North 13th street, College Point, Borough of Queens.

In the lease, dated June 19, 1911, entered into by the Dock Commissioner, pursuant to a resolution of the Commissioners of the Sinking Fund adopted May 3, 1911, as amended on June 14, 1911, it is provided that the ferry company shall make at least twelve round trips daily from and to each terminal from the date of the commencement of operation of the ferry until November 1, 1911. It further provides that in case the ferry shall not be in operation on or before December 1, 1911, the lease shall be void.

In a communication to the Dock Commissioner under date of October 25, 1911, the Twin City Ferry Company set forth as follows:

The construction work has been seriously delayed, but it will be finished shortly. If the work had been finished a month or two months ago, I should have commenced to operate the ferry and probably would have continued it all winter with a reduced schedule, but at a loss. There seems to be no good reason for starting it at this time of the year, and my idea is to comply with the requirements of the lease, but do no more than this. I think the terms of the lease will be complied with if the ferry is operated one day. I propose to do this and then tie up until spring. The Commissioner recommends that the lease be amended as follows:

(1) Term of lease to be for ten years from April 1, 1912, instead of from June 1, 1911.

(2) Daily trips to be fixed and prescribed by the Commissioner of Docks on or about September 1, 1912, provided, however, that from April 1, 1912, until September 1, 1912, at least twelve round trips daily shall be made.

(3) Lease to be void in case the ferry shall not be in operation on or before April 1, 1912.

The ferry structures at both terminals are not yet completed, but I am informed that before December 1, 1911, the work will be in such a stage of progress that a boat can be operated.

I see no special benefit to the City or to the public in forcing the Ferry Company to operate for one day in order to hold its franchise and then tie up until early next spring.

I recommend, therefore, the adoption of the attached resolutions, which will carry out the recommendations of the Dock Commissioner.

Respectfully, DOUGLAS MATHEWSON, Deputy and Acting Comptroller.

Whereas, Under date of May 3, 1911, the Commissioners of the Sinking Fund, upon recommendation of the Commissioner of Docks, dated April 3, 1911, did by unanimous vote, approve of and authorize a lease by private agreement to The Twin City Ferry Company of a franchise to operate a ferry from and to a point at or near the foot of Clason Point road, Borough of The Bronx, to and from a point between the westerly side of North 10th street and the easterly side of North 13th street, College Point, Borough of Queens, for a term of ten years from July 1, 1911, upon certain terms and conditions, and

Whereas, At a meeting of the Commissioners of the Sinking Fund held June 14, 1911, certain amendments were approved of and authorized, and

Whereas, Pursuant to the terms and conditions as prescribed and authorized by the Commissioners of the Sinking Fund, the Commissioner of Docks did enter into an agreement, dated June 19, 1911, with The Twin City Ferry Company for the operation of said ferry, therefore, be it

Resolved, That, pursuant to the provisions of section 826 of the Greater New York Charter, the Commissioners of the Sinking Fund, by unanimous vote, hereby approve of and authorize the further additional amendments to said ferry lease.

Strike out the following paragraph:

"To have and to hold the said privilege or franchise and wharf property unto the said party of the second part, its successors and assigns, for and during and until the full end and term of ten years from and after the 1st day of July, 1911, yielding and paying therefor, yearly and every year during the said term, a sum equal to two year cent. upon the gross receipts, the said yearly rent or sum of money to be paid in four equal quarter yearly payments; such payments to be made within ten days succeeding the last day of each quarter year."

-and insert in lieu thereof the following paragraph:

To have and to hold, the said privilege or franchise and wharf property unto the said party of the second part, its successors and assigns for and during and until the full end and term of ten years from and after the 1st day of April, 1912, yielding and paying there for yearly and every year during the said term a sum equal to two per cent. upon the gross receipts, the said yearly rent or sum of money to be paid in four equal quarter yearly payments; such payments to be made within ten days succeeding the last day of each quarter year.

Strike out the following two paragraphs:

"And the party of the second part further covenants and agrees that the boats shall make at least 12 round trips daily from and to each terminal from the date of the commencement of the operation of the ferry hereby demised until the 1st day of November, 1911.

"And the party of the second part covenants and agrees that after the expiration of one year from the commencement of the operation of said ferry, the number of daily trips shall be such as may be fixed and determined upon by the Commissioner of Docks by service of a notice in writing upon the said party of the second part specifying the number of daily trips to be made.”

-and insert in lieu thereof, the following:

And the party of the second part further covenants and agrees that the number of daily trips to be made by the ferryboats on said ferry shall be such as the Commissioner of Docks may prescribe on or about September 1, 1912, provided, however, that from April 1, 1912, until September 1, 1912, at least 12 round trips daily shall be made.

Strike out the following:

"And the party of the second part further covenants and agrees to and with the party of the first part that in case the ferry, the franchise of which is hereby demised and leased, shall not be in operation in accordance with the terms hereof on or before the 1st day of December, 1911, then and in such event this lease shall be void, and of no force or effect."

-and insert in lieu thereof:

And the party of the second part further covenants and agrees to and with the party of the first part that, in case the ferry, the franchise of which is hereby demised and leased, shall not be in operation in accordance with the terms hereof on or before the 1st day of April, 1912, then and in such event this lease shall be void, and of no force or effect.

-and be it further

Resolved, That it is understood and agreed that the above alterations or modifications shall be of no force or effect unless the said Twin City Ferry Company and the surety on said lease shall file in the office of the Commissioner of Docks their written consent to said alterations or modifications and shall also agree that their obligations under the provisions of said indenture shall in no way be affected

or impaired by reason of said alterations or modifications, and further provided that the amended form of lease and the consent of the principal and sureties thereto shall be approved by the Corporation Counsel.

The report was accepted and the resolution unanimously adopted.

The Deputy and Acting Comptroller asked for and received unanimous consent for the consideration of the following matters:

The Deputy and Acting Comptroller presented the following report and offered the following resolution, relative to a renewal of the lease to the City, of premises at 505-507 Tremont avenue, Borough of The Bronx, for use of the President of the Borough of The Bronx :

November 21, 1911.

To the Commissioners of the Sinking Fund, City of New York:

Gentlemen-The President of the Borough of The Bronx, in a communication dated November 16, 1911, requests a renewal of the lease of Room No. 1 on the second floor of the premises 505-507 Tremont avenue, Borough of The Bronx, for a period of five months, at the present rate of $420 per annum.

The premises in question are under lease to the City at the present time,_until December 1, 1911. There are other rooms in this building occupied by the President of the Borough of The Bronx, the lease for which will expire on May 1, 1912. It is evident, in the present request, that it is desired that all the leases in said building shall be made to expire coterminous.

The room in question has been occupied by the City since December 1, 1907, at the rate of $420 per annum, the same as now asked. This room is used for the general conduct of the business of the Bureau of Sewers. It is situated on the second floor front, having good light and air, and contains approximately 545 square feet. The rental of $420 is therefore at the rate of 77 cents a square foot.

A request for a renewal of this lease for one year from December 1, 1910, at the same rental as now asked ($420 per annum), was reported upon favorably by the Comptroller in a communication addressed to the Commissioners of the Sinking Fund under date of January 6, 1911. Said report was approved and renewal of lease authorized by said Commissioners, at a meeting held January 11, 1911.

The rent being reasonable and just, and the same as heretofore paid, I respectfully recommend that the Commissioners of the Sinking Fund adopt a resolution authorizing a renewal of the lease of Room No. 1, on the second floor of the premises 505-507 Tremont avenue, Borough of The Bronx, for use of the President of the Borough, the same being used as a branch office by the Engineers attached to the Bureau of Sewers, for a period of five months, from December 1, 1911, to May 1, 1912, at the rate of $420 a year, payable quarterly, the owner to pay taxes and water rates, furnish steam heat and make repairs, the lessee to furnish light and janitor service; otherwise upon the same terms and conditions as in the existing lease. Lessor, Martin Walter. Respectfully,

DOUGLAS MATHEWSON, Deputy and Acting Comptroller.

Resolved, That the Comptroller be and is hereby authorized and directed to execute a renewal of the lease to the City, of Room No. 1 on the second floor of the premises 505-507 Tremont avenue, Borough of The Bronx, for use of the President of the Borough of The Bronx, for a period of five months from December 1, 1911, to May 1, 1912, at the rate of four hundred and twenty dollars ($420) per annum, payable quarterly; the owner to pay taxes and water rates, furnish steam heat and make repairs; the lessee to furnish light and janitor service, otherwise upon the same terms and conditions as contained in the existing lease; lessor, Martin Walter; 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.

The report was accepted and the resolution unanimously adopted.

The Deputy and Acting Comptroller presented the following report and offered the following resolution, relative to a renewal of the lease to the City of premises in the Standard Storage Warehouse, 53d street and Broadway, Borough of Manhattan, for use of the Board of Elections:

To the Honorable, the Commissioners of the Sinking Fund:

November 21, 1911.

Gentlemen-The President of the Board of Elections in a communication to the Sinking Fund Commission under date of October 5, 1911, states that at a meeting of said Board held October 3, 1911, the following resolution was adopted:

"Resolved, That the Commissioners of the Sinking Fund of The City of New York, be and they are hereby requested to approve of the lease being entered into between the Standard Storage Warehouse, 53d street and Broadway, Borough of Manhattan, City of New York, and the Board of Elections of The City of New York, for the storage and safekeeping of ballot boxes and other election material placed by law in the care and custody of the Board of Elections of The City of New York, with the Standard Storage Warehouse, 53d street and Broadway, Borough of Manhattan, City of New York, for a period not exceeding two (2) years from December 1, 1911, at a rental of two thousand four hundred ($2,400) dollars, payable quarterly, during its use and occupancy; area, 6,000 square feet."

The premises in question consist of the entire basement, with the exception of a small part used for the heating plant, and also the vaults under the sidewalk along Broadway (a total area of about 6,000 square feet), in the five and six-story fireproof Standard Storage Warehouse at the southwest corner of Broadway and 53d street, Borough of Manhattan (100 feet by 65 feet). The rent of $2,400 a year is therefore at the rate of 40 cents a square foot. The City has occupied these premises for the past two years at a rental of $2,400 per annum, the same as now asked, and the present lease contains a clause granting the privilege of a renewal for one year.

For comparison, the material now stored in this building was formerly stored in the Morgan Warehouse, 232-236 West 47th street, at a rental of $2,850 a year.

Deeming the rent reasonable and just, I respectfully recommend that the Commissioners of the Sinking Fund adopt a resolution authorizing a renewal of the lease of 6,000 square feet of room space in the basement of the Standard Storage Warehouse, at the southwest corner of Broadway and 53d street, Borough of Manhattan, for the storage and safekeeping of ballot boxes and other election material placed by law in the care and custody of the Board of Elections of The City of New York, for a period of one year from December 1, 1911, with the privilege of renewal for an additional year upon the same terms and conditions, at an annual rental of $2,400, payable quarterly; the lessor to pay taxes and water rates, to furnish heat, light, elevator and janitor service, and to keep the premises in good repair and tenantable condition. Lessor, Standard Storage Warehouse, Broadway and 53d street, Borough of Manhattan. Respectfully,

DOUGLAS MATHEWSON, Deputy and Acting Comptroller.

Resolved, That the Comptroller be and is hereby authorized and directed to execute a renewal of the lease to the City, of 6,000 square feet of room space in the basement of the Standard Storage Warehouse, at the southwest corner of Broadway and 53d street, Borough of Manhattan, for the storage and safe keeping of ballot boxes and other election material placed by law in the care and custody of the Board of Elections of The City of New York, for a period of one year from December 1, 1911, with the privilege of renewal for an additional year, upon the same terms and conditions, at an annual rental of twenty-four hundred dollars ($2,400), payable quarterly; the lessor to pay taxes and water rates and to furnish heat, light, elevator and janitor service, and to keep the premises in good repair and tenantable condition; lessor, Standard Storage Warehouse; 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.

The report was accepted and the resolution unanimously adopted.

The Committee to which was referred the matter of the final disposition of the old Police Station House at 178 Delancey street, Borough of Manhattan, presented the following report:

To the Honorable, the Commissioners of the Sinking Fund:

November 13, 1911.

Gentlemen-On October 10, 1911, the matter of the final disposition of the old three-story brick building formerly occupied as a precinct station by the Police Department and turned over to the Commissioners of the Sinking Fund by the Police Commissioner on September 29, 1911, as no longer required for the uses of that Department, was referred to the President of the Board of Aldermen and the Chairman of the Finance Committee of the Board of Aldermen for recommendation and report.

The building is located on a plot 25 feet by 100 feet, at the corner of Delancey