1911-12] REPORT OF THE SECRETARY 11 



These plans provide for excavation of the basement, and 

 alterations thereto, which will suitably equip said basement 

 for store purposes. 



Second. In order to provide storage room for the stock of 

 the said tenants, an additional top story to the building has 

 been provided. This addition will correspond to the original 

 building. 



Third. An elevator of modern type, running from basement 

 to addition, will be necessary to accommodate these apartments, 

 and the same is herein provided. 



Fourth. Your Committee basing their estimates of cost 

 of these alterations upon bids for contracts now in hand, 

 calculate that an expenditure of $21,500 will be involved to 

 complete these changes as outlined. 



Fifth. Accompanying this report, will be found proposed 

 leases between this Society and F. W. Woolworth & Co. for 

 the term of fifteen years, the lease includes the stores, basement 

 and proposed top story, the annual rental therefor being $10,000 

 for the first ten years and $12,000 for the last five years of said 

 period. 



Your Committee would further report that these plans and 

 specifications have been carefully examined and accepted by 

 representatives of the F. W. Woolworth & Company. 



Therefore, the proposition is now presented in definite form 

 to this Society for final action and your Committee would 

 recommend as follows: 



First. That this report, together with said plans and speci- 

 fications be accepted and adopted and that a Committee be 

 authorized and empowered to direct and supervise the work 

 involved. 



Second. That said Committee be authorized and empowered 

 to prepare and direct the execution of all contracts which may 

 seem necessary or expedient to carry out the proposed altera- 

 tions and improvements, and that the Secretary be authorized 

 and empowered to execute and deliver all contracts and other 

 papers so ordered. 



