Official Journal. (Entered As Second-Class Matter, Post Office at New York City.)
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THE CITY RECORD. OFFICIAL JOURNAL. (ENTERED AS SECOND-CLASS MATTER, POST OFFICE AT NEW YORK CITY.) Wm. XXX. NEW YORK, SATURDAY, NOVEMBER 15, 19oz. NUMBER 8,979. COMMISSIONERS OF THE SINKING FUND OF THE I would recommend the approval of this lease upon the terms proposed by the Commissioner of Docks and Ferries. CITY OF NEW YORK. November 3, 1902. EUG. E. McLEAN, Engineer, Department of Finance. Proceedings of the Commissioners of the Sinking Fund, at a Meeting held in the Gov- In connection therewith the Comptroller offerd the following preamble and ernor's Room, City Hall, at 2.3o o'clock, p. m., on Wednesday, November 5, 1902. resolution: Whereas, Section 826 of the Greater New York Charter provides that the Com- missioner of Docks shall have power and is authorized to lease in the name of and Present—Seth Low, Mayor; Edward M. Grout, Comptroller; Elgin R. L. Gould, for the benefit of The City of New York, in the manner provided by law, the Chamberlain; Charles V. Fornes, President, Board of Aldermen, and Herbert Par- franchise of any ferry or ferries belonging to said City for the highest marketable sons, Chairman Finance Committee, Board of Aldermen. price or rental, at public auction or by sealed bids, and always after public advertise- ment and apprasial under the direction of said Commissioner, but not for a term The following communication was received from the Department of Docks and longer than twenty-five years, nor for a renewal for a longer term than ten years; Ferries, relative to a lease to the New York Central and Hudson River Railroad and Company, of the franchise for a ferry from the foot of West Forty-second street, in Whereas, It is further provided in said section that whenever it may be deter- The City of New York, to Weehawken, New Jersey: mined by the unanimous vote of the Commissioners of the Sinking Fund, upon the recommendation of the Commissioner of Docks, that the interests o,f the City will NEW YORK, October 17, 1902. not be best promoted by leasing the franchise of a ferry in the manner in said sec- N. TAYLOR PHILLIPS, Esq., Secretary to the Commissioners of the Sinking Fund: tion thereinbefore directed, it shall be lawful for said Commissioner of Docks and SIR—I beg to state that I have agreed, subject to the approval by the Commissioners said Commissioners of the Sinking Fund, by resolutions adopted by such unanimous of the Sinking Fund, to lease to the New York Central and Hudson River Railroad Company, the franchise for a ferry from the foot of West Forty-second street, in votes, to lease such franchises by private agreement for terms not exceeding twenty- The City of New York, to Weehawken, New Jersey, together with the wharf prop- five years and under such conditions as, in their judgment, will best protect and erty belonging to the City, assigned to be used in connection with said ferry, upon further the interests of the City and the traveling public; and the following terms and conditions: Whereas, Under date of October 17, 1902, the Commissioner of Docks has First. The New York Central and Hudson River Railroad Company to sur- render all its right, title and interest in and to its present franchise and right to recommended that the interests of the City will not be best promoted by leasing the operate a ferry from the foot of West Forty-second street, in The City of New franchise of the ferry from the foot of West Forty-second street, in The City of New York, to Weehawken, New Jersey. York, over and across the waters of the Hudson or North River, to Weehawken, Second. (a) The City to lease to the New York Central and Hudson River New Jersey, together with the wharf property belonging to the City assigned to be Railroad Company the bulkhead extending from the southerly side of West Forty- used in connection with and for the purposes of said ferry, at public auction or by second street, northerly a distance of about loo feet, together with the land under water in front thereof, amounting to about 22,630 square feet, to be used in con- sealed bids, and after public advertisement and appraisal, under the direction of said nection with and for the purposes of said ferry, together with the new made land Commissioner of Docks; now therefore be it extending inshore from said bulkhead a distance of 5o feet, for a term of ten years Resolved, That pursuant to the provisions of section 826 of the Greater New from May I, 1902, with the privilege of a renewal term of ten years; the rental for York Charter, the Commissioners of the Sinking Fund, by unanimous vote, deter- the first term of ten years to be five (5) per cent. of the gross receipts, but not less than $12,100 per annum, and the rental for the renewal term to be five (5) per cent. mine that the interests of The City of New York will not be best promoted by of the gross receipts, but not less than the rate to be fixed at the expiration of the leasing the franchise o,f the hereinbefore mentioned ferry at public auction, as pro- first term of ten years by arbitration, and in no case to be less than $13,20o per vided in section 826 of the Greater New York Charter; and it is further annum. Resolved, That, pursuant to the provisions of section 826 of the Greater New Second. (b) The City to also lease to the company roo feet of bulkhead next northerly of the northerly line of West Forty-second street, for the purpose of a York Charter, the Commissioners of the Sinking Fund, by unanimous vote, hereby second ferry rack, together with the land under water in front thereof, to be used approve of and authorize a lease to the New York Central and Hudson River Railroad in connection with and for the purposes of said ferry, amounting to about 22,63o Company of a franchise to operate a ferry from the foot of West Forty-second square feet, together with the new made land extending inshore from said bulkhead street, in The City of New York, over and across the waters of the Hudson or a distance of about 5o feet, for a term commencing when the said Too feet of bulk- head wall shall be completed and said property taken possession of by the New York North river, to Weehawken, New Jersey, together with the wharf property Central and Hudson River Railroad Company, and to terminate on May 1, 1912, with belonging to the City assigned to be used in connection with said ferry, upon the the privilege of a renewal for a further term of ten years; the rental for the first term tollowing terms and conditions: of ten years to be $6,050 per annum and the rental for the second term to be fixed at the expiration of the first term of ten years by arbitration, but in no case to be I. The New York Central and Hudson River Railroad Company to surrender less than $6,600. all its right, title and interest in and to its present franchise and right to operate a Third. The right to run a ferry from the foot of West Forty-second street, in terry from the foot of West Forty-second street, in The City of New York, The City of New York to Weehawken, N. J. to, Fourth. Payments to be made quarter yearly in advance; when five (5) per cent. ‘Veehawken, New Jersey. of the gross receipts from the ferry shall exceed the sum paid as rent for that year, such excess shall be added to the sum due for rent on the next quarter. 2. (a). The City to lease to the New York Central and Hudson River Railroad Fifth. Statement of receipts duly verified, to be made to the Commissioner of Company, the bulkhead extending from the southerly side of West Forty-second Docks on a date to be fixed. street, northerly a distance of about roo feet, together with the land under water in Sixth. The lessee to build and maintain all ferry structures and fixtures, etc. front thereof, amounting to about 22,636 square feet, to be used in connection with Seventh. The lessee to keep the wharf property dredged, leaving ro feet at mean low water. and for the purposes of said ferry, together with the new made land extending inshore Eighth. The lessee to maintain the wharf property in good repair, and in case of from said bulkhead a distance of so feet, for a term of ten years from May r, 1902, damage, to restore same. with the privilege of a renewal term of ten years; the rental for the first term of ten Ninth. The lessee to be responsible for all damage to any person or persons on years to be five (5) per cent. of the gross receipts, but not less than $12,100 per the property. Tenth. The lessee to maintain ferry houses and steam ferry boats for the trans- annum, and the rental for the renewal term to be five (5) per cent. of the gross re- portation of passengers, carriages, wagons, goods and merchandise, etc., to keep the ceipts, but not less than the rate to be fixed at the expiration of the first term of ten ferry boats in good repair and to furnish proper implements, tackles and necessaries, years by arbitration, and in no case to be less than $13,2oo per annum.