The New York City Council - File #: Res 0576-2018

• File #: Res 0576-2018
• Version: *
• Name: LU 225 - Planning, 95 Lenox Avenue - Article XI, Manhattan (20195049 HAM)
• Type: Resolution
• Status: Adopted
• File created: 10/17/2018
• In control: Committee on Land Use
• On agenda: 10/17/2018
• Final action: 10/17/2018
• 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 pursuant to PHFL Section 125, and consent to the voluntary dissolution of the prior owner pursuant to PHFL Section 123(4) for property located at Block 1824, Lot 16, Community District 10, Borough of Manhattan, (L.U. No. 225; Non-ULURP No. 20195049 HAM).
• Sponsors: Rafael Salamanca, Jr., Ben Kallos

Date	Ver.	Action By	Action	Result
10/17/2018	*	City Council	Approved, by Council	Pass
10/10/2018	*	Committee on Land Use	Approved by Committee

THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 576

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 pursuant to PHFL Section 125, and consent to the voluntary dissolution of the prior owner pursuant to PHFL Section 123(4) for property located at Block 1824, Lot 16, Community District 10, Borough of Manhattan, (L.U. No. 225; Non-ULURP No. 20195049 HAM).
Body

By Council Members Salamanca and Kallos

WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on October 1, 2018 an amendment of its original request of August 2018, such amended request dated October 1, 2018 that the Council take the following actions regarding a new real property tax exemption for an area located at Block 1824, Lot 16, Community District 10, Council District 9, Borough of Manhattan, (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 July 17, 1980 (Cal. No. 11);

WHEREAS, upon due notice, the Council held a public hearing on the Tax Exemption, Termination and Dissolution on September 17, 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 Area pursuant to Section 577 of the Private Housing Finance Law ...