File #: Res 0526-2018    Version: * Name: LU 181 - Planning, TPT Program, In Rem Action No. 52, Bronx (20185476 HAX)
Type: Resolution Status: Adopted
File created: 9/12/2018 In control: Committee on Land Use
On agenda: 9/12/2018 Final action: 9/12/2018
Title: Resolution approving a new real property tax exemption pursuant to Article XI of the Private Housing Finance Law for properties located 2275 Loring Place North (Block 3225, Lot 77), 1167 Washington Avenue (Block 2389, Lot 48), 294 East 164th Street (Block 2423, Lot 33), 1169 Washington Avenue (Block 2389, Lot 47), 844 Faile Street (Block 2762, Lot 89), 1109 Intervale Avenue (Block 2692, Lot 73), 1175 Tinton Avenue (Block 2662, Lot 27), and 793 East 163rd Street (Block 2669, Lot 65), Community Districts 2, 3, 4, and 7, Borough of the Bronx, (L.U. No. 181; 20185476 HAX).
Sponsors: Rafael Salamanca, Jr., Ben Kallos
Attachments: 1. Land Use Calendar - Week of August 13, 2018 - August 17, 2018, 2. Hearing Transcript - Planning 8-14-18, 3. Hearing Testimony - Planning 8-14-18, 4. Land Use Calendar - Week of September 3, 2018 - September 7, 2018, 5. September 12, 2018 - Stated Meeting Agenda with Links to Files, 6. Committee Report, 7. Resolution, 8. Hearing Transcript - Stated Meeting 9-12-18
THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 526

Title
Resolution approving a new real property tax exemption pursuant to Article XI of the Private Housing Finance Law for properties located 2275 Loring Place North (Block 3225, Lot 77), 1167 Washington Avenue (Block 2389, Lot 48), 294 East 164th Street (Block 2423, Lot 33), 1169 Washington Avenue (Block 2389, Lot 47), 844 Faile Street (Block 2762, Lot 89), 1109 Intervale Avenue (Block 2692, Lot 73), 1175 Tinton Avenue (Block 2662, Lot 27), and 793 East 163rd Street (Block 2669, Lot 65), Community Districts 2, 3, 4, and 7, Borough of the Bronx, (L.U. No. 181; 20185476 HAX).
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 approve an exemption from real property taxes pursuant to Section 577 of the Private Housing Finance Law (the "Tax Exemption Request") for properties located at 2275 Loring Place North (Block 3225, Lot 77), 1167 Washington Avenue (Block 2389, Lot 48), 294 East 164th Street (Block 2423, Lot 33), 1169 Washington Avenue (Block 2389, Lot 47), 844 Faile Street (Block 2762, Lot 89), 1109 Intervale Avenue (Block 2692, Lot 73), 1175 Tinton Avenue (Block 2662, Lot 27), and 793 East 163rd Street (Block 2669, Lot 65), Community Districts 2, 3, 4, and 7, Borough of the Bronx (the "Transfer Area");

WHEREAS, upon due notice, the Council held a public hearing on the Tax Exemption Request on August 14, 2018; and

WHEREAS, the Council has considered the land use and financial implications and other policy issues relating to the Tax Exemption Request.

RESOLVED:

The Transfer Area shall be developed in accordance with the terms and conditions set forth in the Project Summary that HPD has submitted to the Council on June 5, 2018, a copy of which is attached hereto.

Pursuant to Section 577 of the Private Housing Fin...

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