The New York City Council - File #: Res 0438-2018

• File #: Res 0438-2018
• Version: *
• Name: LU 127 - Planning, East Village I – Conveyance (20185418 HAM)
• 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 conveyance of property located at Block 392, Lot 40, Borough of the Manhattan (Preconsidered L.U. No. 127; 20185418 HAM).
• 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. 438

title
Resolution approving a conveyance of property located at Block 392, Lot 40, Borough of the Manhattan (Preconsidered L.U. No. 127; 20185418 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 June 5, 2018 its request dated June 5, 2018 that the Council approve the conveyance of property located at Block 392, Lot 40, Community District 3, Council District 2, Borough of Manhattan (the "Conveyance Area");

WHEREAS, the original Article V Plan and Project was approved by the Board of Estimate on December 15, 1977 (Cal. No. 3), (the "Original Project");

WHEREAS, the Current Owner, Lower East Side I Associates, L.P., wishes to convey the Conveyance Area to New Owner, East Village III LLC, for the construction of one new multiple dwelling that will contain approximately 11 units of rental housing (the "New Project");

WHEREAS, a Restrictive Covenant will be executed and recorded binding the New Owner to the terms set forth in the HPD request;

WHEREAS, upon due notice the Council held a public hearing on the New Project on June 19, 2018; and

WHEREAS, the Council has considered the land use and financial implications and other policy issues relating to the New Project.

RESOLVED:

The Council approves, pursuant to Section 122(1) of the Private Housing Finance Law, contingent upon the execution and recordation of the Restrictive Covenant, a copy of which is attached hereto as Exhibit A, as same may be modified with any necessary administrative or technical changes as are acceptable to Counsel to HPD, the conveyance of the Conveyance Area by the Current Owner to the New Owner.

Adopted.

Office of the City Clerk, }
The City of New York, } ss.:

I hereby certify that the foregoing is a true copy of a Resolution passed by The Council of The City of New York on June 28, 2018, on fi...