THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 352
Title
Resolution approving an Amended Urban Development Action Area Project pursuant to Article 16 of the General Municipal Law and a real property tax exemption pursuant to Article XI of the Private Housing Finance Law for Property located at Block 1699, Lots 33 and 34 (Tentative Lot 33); 36, 38, and 137 (Tentative Lot 36); and 35, 39, and 43 (collectively, the "Exemption Area"; Borough of Brooklyn; approving the urban development action area designation requirement and the disposition of property located at Block 1699, Lots 35, 39, and 43 ("Disposition Area"), Community District 3, Borough of Brooklyn (L.U. No. 64; 20185268 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 April 5, 2018 its request dated April 2, 2018 that the Council take the following actions regarding the following Amended Urban Development Action Area Project (the "Amended Project") located at Block 1699, Lots 33 and 34 (Tentative Lot 33); 36, 38, and 137 (Tentative Lot 36); and 35, 39, and 43 ("Disposition Area"), Community District 3, Borough of Brooklyn (collectively, the "Exemption Area"):
1. Find that the present status of the Disposition Area tends to impair or arrest the sound growth and development of the municipality and that the proposed Urban Development Action Area Project is consistent with the policy and purposes of Section 691 of the General Municipal Law;
2. Approve the designation of the Disposition Area as an Urban Development Action Area pursuant to Section 693 of the General Municipal Law; and
3. Approve the project as an Urban Development Action Area Project pursuant to Section 694 of the General Municipal Law.
4. Approve the exemption of the Exemption Area from real property taxes pursuant to Section 577 of the Private Housing Finance Law;
WHEREAS, the Amended Project is related to C 17030...
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