The New York City Council - File #: Res 0443-2018

• File #: Res 0443-2018
• Version: *
• Name: LU 132 - Planning, La Cabana – Article XI (20185415 HAK)
• Type: Resolution
• Status: Adopted
• File created: 6/28/2018
• In control: Committee on Land Use
• On agenda: 6/28/2018
• Final action: 6/28/2018
• Title: Resolution approving a new real property tax exemption pursuant to Section 577 of Article XI of the Private Housing Finance Law (PHFL), the termination of a prior exemption under PHFL Section 125, and consent to the voluntary dissolution of the prior owner under PHFL Section 123(4) for property located at Block 3022, p/o Lot 16 (Tentative Lot 16) and Lot 25, Block 3031, p/o Lot 18 (Tentative Lot 18), Community District 1, Borough of Brooklyn, (Preconsidered L.U. No. 132; Non-ULURP No. 20185415 HAK).
• Sponsors: Rafael Salamanca, Jr., Ben Kallos

Date	Ver.	Action By	Action	Result
6/28/2018	*	City Council	Approved, by Council	Pass
6/20/2018	*	Committee on Land Use	P-C Item Approved by Comm

THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 443

Title
Resolution approving a new real property tax exemption pursuant to Section 577 of Article XI of the Private Housing Finance Law (PHFL), the termination of a prior exemption under PHFL Section 125, and consent to the voluntary dissolution of the prior owner under PHFL Section 123(4) for property located at Block 3022, p/o Lot 16 (Tentative Lot 16) and Lot 25, Block 3031, p/o Lot 18 (Tentative Lot 18), Community District 1, Borough of Brooklyn, (Preconsidered L.U. No. 132; Non-ULURP No. 20185415 HAK).
Body

By Council Members Salamanca and Kallos

WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on June 5, 2018 its request dated June 5, 2018 that the Council take the following actions regarding a new real property tax exemption for an area located at Block 3022, p/o Lot 16 (Tentative Lot 16) and Lot 25, Block 3031, p/o Lot 18 (Tentative Lot 18), Community District 1, Borough of Brooklyn, (the "Exemption Area");

Approve an exemption of the Exemption Area from real property taxes pursuant to the Private Housing Finance Law (PHFL) Section 577 (the "Tax Exemption");

Approve the termination of a prior tax exemption for the Exemption Area pursuant to PHFL Section 125 (the "Termination");

Consent to the voluntary dissolution of the current owner pursuant to PHFL Section (123(4) (the "Dissolution");

WHEREAS, HPD's request for the Tax Exemption is related to a previously approved real property tax exemption by the Board of Estimate on December 16, 1982 (Cal. No. 21);

WHEREAS, upon due notice, the Council held a public hearing on the Tax Exemption, Termination and Dissolution on June 19, 2018; and

WHEREAS, the Council has considered the land use and financial implications and other policy issues relating to the Tax Exemption, Termination and Dissolution;

RESOLVED:

The Council approves the Tax Exemption for the Exemption A...