Resolved, That the Commissioners of the Sinking Fund hereby approve of and consent to the execution, by the Commissioner of Street Cleaning, of a lease to the City from Robert Furey, of the plot of ground with stables and other buildings erected and to be erected thereon, situated on the north side of Butler street, between Fourth and Fifth avenues, in the Borough of Brooklyn, after the new buildings have been erected in accordance with the plans and specifications filed with the Engineer of the Department of Finance, and have been examined and approved by said Engineer, for a term of ten years from the date of occupation, at an annual rental of six thousand dollars ($6,000), payable quarterly; the lessor to pay all taxes, assessments and ground water charges, and to make all such repairs of the roof or other outside repairs as may be deemed necessary by the Commissioner; the City to pay for the Croton water used on the premises and to make all necessary inside repairs--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 following communication was received from the Department of Street Cleaning relative to a renewal of the lease of a plot of ground on the north side of Butler street, 390 feet west of Fifth avenue, in the Borough of Brooklyn:

NEW YORK, July 11, 1904

Hon. GEORGE B. MCCLELLAN, Mayor, Chairman, Board of Sinking Fund Commissioners: SIR-I request the consent and approval of your Board, pursuant to section 541 of the Greater New York Charter, for a renewal of the lease from Robert H. Taylor (residing at No. 202 Fifth avenue, Brooklyn), of the plot of ground on the north side of Butler street, 390 feet west of Fifth avenue, in the Borough of Brooklyn, being 80 feet wide by 144 feet deep, for the use of the Department of Street Cleaning for a term of five (5) years, beginning with the first day of October, 1904, at an annual rental of five hundred and fifty (550) dollars, payable quarterly; otherwise upon the same terms and conditions as are contained in the existing lease, excepting the provision to erect and paint a fence on the front and rear of the said plot.

This renewal is provided for upon these terms in the existing lease, with the exception, I presume, however, that it was not intended to repeat the requirement as to the erection and painting of the aforesaid fence.

Respectfully,

JOHN MCG. WOODBURY, Commissioner.

Approved for renewal for a period of five years from October 1, 1904, on the same terms and conditions as are contained in the existing lease, excepting the provision to erect and paint a fence on the front and rear of said plot.

Respectfully submitted,

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

In connection therewith the Comptroller offered the following resolution: Resolved, That the Commissioners of the Sinking Fund hereby approve of and consent to the execution by the Commissioner of Street Cleaning, of a renewal of the lease to the City, from Robert H. Taylor, of the plot of ground on the north side of Butler street, 390 feet west of Fifth avenue, in the Borough of Brooklyn, being 80 feet wide by 144 feet deep, for the use of the Department of Street Cleaning, for a term of five years from the first day of October, 1904, at an annual rental of five hundred and fifty dollars ($550), payable quarterly, otherwise upon the same terms and conditions as are contained in the existing lease, excepting the provision to erect and paint a fence on the rear of said plot; 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 resolution was unanimously adopted.

The Comptroller presented the following report and offered the following resolution relative to a renewal of the lease of premises at No. 225 East One Hundred and Tenth street, Borough of Manhattan, for the Board of Education:

Hon. EDWARD M. GROUT, Comptroller:

JULY 19, 1904.

SIR-The Board of Education at a meeting held on April 13, 1904, adopted the following resolution:

"Resolved, That the resolution adopted by the Executive Committee on March "16, 1904, relative to renewing the lease of premises No. 225 East One Hundred and "Tenth street, Borough of Manhattan, used as an annex to Public School 83, be and "it is hereby rescinded.

"Resolved, That the Commissioners of the Sinking Fund be and they hereby "are requested to authorize a lease of the premises No. 225 East One Hundred and Tenth street, Borough of Manhattan, as an annex to Public School 83, for a period "from August 1, 1904, to July 1, 1905, with the privilege of renewal for an additional “year, at an annual rental of $1,200 and water tax, payable quarterly, the Board of Education to make the necessary repairs. Lessors, Lowenfeld & Prager, No. 115 “Broadway, Manhattan.”

The Department of Health and the Bureau of Buildings have reported favorably on the condition of these premises for school purposes. The rent asked, $1,200, is an increase of $200 on the previous rental, but as the premises are adapted for school purposes, and it would cost more to move to another locality than the additional rent asked, I would respectfully recommend that the Commissioners of the Sinking Fund authorize the renewal of these premises for a period from August 1, 1904, to July 1, 1905, with the privilege of renewal for an additional year, at an annual rental of $1,200, payable quarterly, and water tax. Lessors, Lowenfeld & Prager. Respectfully submitted for approval,

Approved:

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

EDWARD M. GROUT, Comptroller.

Resolved, That the Commissioners of the Sinking Fund hereby approve of and consent to the execution, by the Board of Education, of a lease to the City, from Messrs. Lowenfeld & Prager, of the premises No. 225 East One Hundred and Tenth street, Borough of Manhattan, for the use as an annex to Public School 83, for a period from August 1, 1904, to July 1, 1905, with the privilege of renewal for an additional year, at an annual rental of twelve hundred dollars ($1,200) and water tax, payable quarterly; the Board of Education to make the necessary repairs; 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 Comptroller presented the following report and offered the following resolution relative to a lease of premises at No. 191 Broadway, Borough of Brooklyn, for the use of the Police Department:

Hon. EDWARD M. GROUT, Comptroller:

JULY 19, 1904.

SIR-The Commissioner of the Department of Bridges, in a communication under date of June 18, requested the Commissioners of the Sinking Fund to authorize a lease of the store floor and basement of premises No. 191 Broadway, in the Borough of Brooklyn, at a monthly rental of $100 for the use of his Department.

On or about the same date the Commissioner of Police of the Borough of Manhattan requested a lease of the store floor and second floor of the same premises (No. 191 Broadway) at a monthly rental of $200, to provide for station-house for force attached to the Williamsburg Bridge.

I made an examination of the premises, and in a communication under date of July 9 notified the Department of Bridges that the Police Department requested the use of the premises No. 191 Broadway, Brooklyn, and I would respectfully recommend that the Commissioners of the Sinking Fund adopt a resolution approving of a lease of the basement, store floor and second floor of the premises No. 191 Broadway, for the use of the Police Department of The City of New York, at an annual rental of $2,400, payable monthly, the owner to pay regular water rent for building, the Police Department to pay for other water privileges. The owner to keep the outside of the building in repair, the Police Department to make such alterations to the interior of the building as may be necessary in order that it may be suitable for station-house purposes. Terms of the lease to be for one year from date of occupation, with the privilege of renewal for an additional year upon the same terms and conditions. Lessor, John R. Sparrow, No. 628 Bedford avenue, Borough of Brooklyn.

Respectfully submitted for approval,

Approved:

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

EDWARD M. GROUT, Comptroller.

Resolved, That the Corporation Counsel be and is hereby requested to prepare a lease to the City, from John R. Sparrow, of the basement, store floor and second floor of the premises, No. 191 Broadway, in the Borough of Brooklyn, for the use of the Police Department, for a term of one year from the date of occupation, with the privilege of a renewal for an additional year upon the same terms and conditions, at an annual rental of twenty-four hundred dollars ($2,400), payable monthly; the owner to pay the regular water rent for the building and the Police Department to pay for other water privileges; the owner to keep the outside of the building in repair, and the Police Department to make such alterations to the interior of the building as may be necessary in order that it may be suitable for station-house purposes-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 169 and 217 of the Greater New York Charter.

The report was accepted and the resolution unanimously adopted.

The Comptroller offered the following resolution to authorize the transfer of $2,500,000 of Corporate Stock from Sinking Fund No. 2 to Sinking Fund No. 1, and to authorize the redemption at maturity of stock amounting to $5,839,050 held by the public and to cancel stock amounting to $1,660,950 held by the Commissioners of the Sinking Fund:

Whereas, The following described stock issued by The City of New York, as constituted prior to January 1, 1898, matures on October 1, 1904, and is payable from the Sinking Fund for the Redemption of the City Debt, No. 2, viz.:

Whereas, In order to provide a sufficient amount of cash in said Sinking Fund, for he redemption of said stock at maturity it will be necessary to transfer the following

described Stock of The City of New York now held as an investment by the Sinking Fund for the Redemption of the City Debt, No. 2, to the Sinking Fund for the Redemption of the City Debt, No. 1, viz.:

$2,500,000 of 3 per cent. Corporate Stock of The City of New York, to replenish the Fund for Street and Park Openings, payable November 1, 1914.

-therefore,

Resolved, That the Comptroller be and hereby is authorized to transfer the hereinbefore described Stock of The City of New York from the Sinking Fund for the Redemption of the City Debt, No. 2, to the Sinking Fund for the Redemption of the City Debt, No. 1, and to draw a warrant upon said Sinking Fund No. 1, in favor of said Sinking Fund No. 2, for the par value of said stock and accrued interest thereon to date of such transfer; and

Resolved, That the Comptroller be and hereby is authorized to pay from the Sinking Fund for the Redemption of the City Debt, No. 2, upon the maturity of said Stock, the sum of five million eight hundred and thirty-nine thousand and fifty dollars ($5,839,050) for the redemption of that portion of said stock that is held by the public, and to cancel that portion of said stock amounting to one million six hundred and sixty thousand nine hundred and fifty dollars ($1,660,950) that is held by the Commissioners of the Sinking Fund for the account of the Sinking Fund for the redemption of the City Debt No. 2.

Which was unanimously adopted.

The Comptroller presented the following statement and offered the following resolution, relative to the refunding of amounts overpaid for street vault permits: JULY 19, 1904.

Hon. EDWARD M. GROUT, Comptroller:

SIR-The following application for the refund of amount overpaid for street vault permits is respectfully submitted, viz.:

Applicant, George Fuchs; location, No. 42 West Fifteenth street; overpaid,

$26.78.

To the application is attached the affidavit of the owner and the certificate of a City Surveyor, and the refund is recommended by the Superintendent of Highways, approved by the Commissioner of Public Works and the President of the Borough of Manhattan.

The amount paid was deposited to the credit of the Sinking Fund for the Redemption of the City Debt No. 1.

Respectfully,

I. S. BARRETT, Bookkkeeper.

Resolved, That a warrant, payable from the Sinking Fund for the Redemption of the City Debt No. 1 be drawn in favor of George Fuchs for the sum of twenty