The New York City Council - File #: Res 0391-2018

• File #: Res 0391-2018
• Version: *
• Name: LU 102 - Planning, Berean Gardens, Brooklyn (20185357 HAK)
• Type: Resolution
• Status: Adopted
• File created: 6/7/2018
• In control: Committee on Land Use
• On agenda: 6/7/2018
• Final action: 6/7/2018
• Title: Resolution approving a new tax exemption pursuant to Article XI of the Private Housing Finance Law and termination of the prior tax exemption for property located at Block 1452, Lots 66, 70, 71, 72, 73, 74, 75, 76, 77 and 78, Community District 16, Borough of Brooklyn, (L.U. No. 102; Non-ULURP No. 20185357 HAK).
• Sponsors: Rafael Salamanca, Jr., Ben Kallos

Date	Ver.	Action By	Action	Result
6/7/2018	*	City Council	Approved, by Council	Pass
6/5/2018	*	Committee on Land Use	Approved by Committee

THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 391

Title
Resolution approving a new tax exemption pursuant to Article XI of the Private Housing Finance Law and termination of the prior tax exemption for property located at Block 1452, Lots 66, 70, 71, 72, 73, 74, 75, 76, 77 and 78, Community District 16, Borough of Brooklyn, (L.U. No. 102; Non-ULURP No. 20185357 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 May 15, 2018 its request dated May 14, 2018 that the Council approve a new real property tax exemption pursuant to Section 577 of the Private Housing Finance Law (the "Tax Exemption Request") and termination of the prior exemption for property located at Block 1452, Lots 66, 70, 71, 72, 73, 74, 75, 76, 77 and 78, Community District No. 16, Borough of Brooklyn, Council District No. 41 (the "Exemption Area");

WHEREAS, upon due notice, the Council held a public hearing on the Tax Exemption Request on May 30, 2018;

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

RESOLVED:

Pursuant to Section 577 of the Private Housing Finance Law, the Council approves an exemption of the Exemption Area from real property taxes as follows:

1. For the purposes hereof, the following terms shall have the following meanings:
a. "Community Facility Space" shall mean those portions of the Exemption Area which the Regulatory Agreement requires to be devoted solely to community facility uses.
b. "Effective Date" shall mean the date that HPD and the Owner enter into the Regulatory Agreement.
c. "Exemption Area" shall mean the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 1452, Lots 66, 70, 71, 72, 73, 74, 75, 76, 77, and 78 on the Tax Map of the City of New York.

d. "Expiration Date" shall mean the earlier...