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Memo Validating PW3261346 Encumbrance, May 1998

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Memorandum confirming that the capital project encumbrance for World Trade Company, L.P. is valid and conforms to state definitions.

NYC-WTC_000167689

Folder label: “Capital Project Encumbrance Expenditure Valid

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NYC 9/11 Public Portal Document

DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES OFFICE OF CONTRACTS ONE CENTRE STREET, MUNICIPAL BUILDING, ROOM 2053S NEW YORK, N.Y. 10007 M (212) 669-3499 Fax (212) 669-3570

WILLIAM J. DIAMOND JOSEPH A. MILONE Commissioner Assistant Commissioner Agency Chief Contracting Officer

May 18, 1998 Office of the Comptroller Contractor Administrator 835 Municipal Building New York, NY 10007 Attn: Lois Johnson

RE: PW3261346 CTCE#01598F26547 World Trade Company, L.P.

Att: Contract Registration Section

The referenced capital project encumbrance expenditure is valid in that it conforms to and meets the City Charter and New ’^ork State’s Accounting System Directive No. 4 (ASD#4) definition of a Capital Project. Furthermore, it is justified as a Capital Project encumbrance by at least one of the following reasons:

__ 1. New Facility or modernization project authorized by OMB’s CP-

__ 2. The cost of initial equipment or furniture.

__3. The cost of furniture and/or equipment which have a life span of at least five (5) years and a minimum cost of $15,000.

X 4. Other Reconstruction of leased space

Very truly yours,

J^eph A. Milone Assistant Commissioner Agency Chief Contracting Officer

NYC-WTC_000167689

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NYC-WTC_000167689Source: NYC Law Department, mirrored locally

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Memorandum stating the total encumbered dollar amount of $12,619,128.00 for project PW3261346 at 7 World Trade Center.

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