TWENTY-FIRST AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
HALCYON CONDOMINIUM
305 EAST 51ST STREET
NEW YORK, NEW YORK 10022
Dated: December 3, 2015
#37887553_v1
Contents
1.
CERTIFICATE OF OCCUPANCY ....................................................................................1
2.
INCORPORATION OF THE PLAN ..................................................................................1
3.
NO OTHER MATERIAL CHANGES ................................................................................1
4.
DEFINITIONS .....................................................................................................................2
Exhibits
A
B
Current TCO
Architect’s Letter
1
TWENTY-FIRST AMENDMENT
TO
CONDOMINIUM OFFERING PLAN
HALCYON CONDOMINIUM
This Twenty-First Amendment modifies and supplements the terms of the Condominium
Offering Plan for the premises known as the Halcyon Condominium (“Condominium”) and located
at 305 East 51st Street, New York, New York 10022 (“Building”), dated March 22, 2013, the First
Amendment dated April 25, 2013, the Second Amendment dated May 9, 2013, the Third
Amendment dated June 17, 2013, the Fourth Amendment dated June 27, 2013, the Fifth
Amendment dated August 1, 2013, the Sixth Amendment dated August 7, 2013, the Seventh
Amendment dated August 26, 2013, the Eighth Amendment dated October 4, 2013, the Ninth
Amendment dated November 5, 2013, the Tenth Amendment dated November 14, 2013, the
Eleventh Amendment dated January 29, 2014, the Twelfth Amendment dated March 10, 2014, the
Thirteenth Amendment dated May 30, 2014, the Fourteenth Amendment dated July 23, 2014; the
Fifteenth Amendment dated September 19, 2014, the Sixteenth Amendment dated October 1, 2014,
the Seventeenth Amendment dated October 28, 2014, the Eighteenth Amendment dated April 8,
2015, the Nineteenth Amendment dated May 18, 2015, and the Twentieth Amendment dated
September 16, 2015 (the "Plan"), and should be read in conjunction with the Plan.
The terms of this Twenty-First Amendment are as follows:
1.
CERTIFICATE OF OCCUPANCY
A,
A temporary certificate of occupancy has been issued for the Building. Attached
hereto as Exhibit “A” is a copy of the temporary certificate of occupancy. The permanent
certificate of occupancy (“PCO”) has not yet been issued.
B.
Sponsor has funded a PCO escrow account (the “PCO Escrow Account”) from
monies other than purchasers’ deposits to secure its obligation to procure a PCO and to comply
with GBL § 352-e(2-b) and 13 NYCRR §20.3(t)(13), in the amount of $2,000,000. Since the
initial funding of the PCO Escrow Account, substantial work has been completed. Sponsor now
anticipates that it will cost $1,000,000 to procure the PCO, which has been certified by Sponsor’s
architect. Attached hereto as Exhibit “B” is a copy of the letter of Sponsor’s architect.
2.
INCORPORATION OF THE PLAN
The Plan, as modified and supplemented herein, is incorporated herein by reference with
the same effect as if set forth in length. All provisions of the Plan which are consistent with this
amendment shall remain in effect.
3.
NO OTHER MATERIAL CHANGES
1
Except as set forth in this Amendment, there have been no material changes in the Plan.
4.
DEFINITIONS
All capitalized terms expressly defined in this Amendment shall have the meanings given
to them in the Plan.
SPONSOR:
51st STREET MAIN LOT OWNER, LLC
2
EXHIBIT A
CURRENT TCO
EXHIBIT B
ARCHITECT’S LETTER