North Town Phase Iii Associates, L

NORTH TOWN PHASE III ASSOCIATES, L.P.

c/o CHARLES A. LUCIDO, ESQ.

P.O. BOX 673

GENEVA, NY 14456-0673

315-789-2081

FAX-781-2814

March 3, 2006

Kenneth A. Leitner, Esq.

VP & General Counsel

RIOC

591 Main Street

Roosevelt Island, NY 10044

RE: Westview Task Force

Dear Mr. Leitner:

As you may know, the Westview Task Force ("WTF") represents the tenants of the Westview apartments located at 595 and 625 Main Street. WTF is interested in the tenants purchasing the buildings from North Town Phase III Houses, Inc., as a tenant sponsored cooperative, in order that the tenants can own their apartments and maintain affordable housing on the Island.

An important consideration in their progress towards this goal is RIOC's position concerning the extension of the ground lease. We confirm that our negotiations with WTF are in earnest and consent to its meeting with RIOC for this purpose.

Please accept my apology for the delay in responding to RIOC's request for the past due legal reimbursements incurred by Sheldrake, and for future legal costs. I will be out of the country next week. When I return I will contact you and Jay Neveloff to reach an agreement on these matters.

Very truly yours,

Charles A. Lucido

President

Westview Houses, Inc.

Managing General Partner

CC: Gerald Goldstein, Esq.

Jay Neveloff, Esq.

Jacques Rose, Esq.

.