THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 601

Resolution approving the decision of the City Planning Commission on an application submitted by the Department of Housing Preservation and Development, ULURP No. C 040476 HAM, approving the designation of 246 West 116^th Street (Block 1831, Lot 56), Manhattan, as an Urban Development Action Area, approving the project for the area as an Urban Development Action Area Project, and approving the disposition of such property to a developer selected by the Department of Housing Preservation and Development (L.U. No. 200; C 040476 HAM).

By Council Members Katz and Martinez

WHEREAS, the City Planning Commission filed with the Council on August 16, 2004 its decision dated August 11, 2004 (the "Decision"), on the application submitted by the Department of Housing Preservation and Development pursuant to Section 197-c of the New York City Charter and Article 16 of the General Municipal Law of New York State regarding:

a)                     the designation of 246 West 116^th Street (Block 1831, Lot 56), as an Urban Development Action Area (the "Area");

b)                     an Urban Development Action Area Project for such area (the "Project"); and

pursuant to Section 197-c of the New York City Charter for the disposition of such property to a developer selected by the Department of Housing Preservation and Development to facilitate development of a seven-story building tentatively known as Cassiopeia Apartments, with approximately 32 units for low-income persons and one unit for a superintendent to be developed under the New York State Housing Trust Fund Program, Community District 10, Borough of Manhattan (the "Disposition")  (ULURP No. C 040476 HAM) (the "Application");

WHEREAS, the Decision is subject to review and action by the Council pursuant to Section 197-d(b)(1) of the City Charter;

WHEREAS, the Application and Decision are subject to review and action by the Council pursuant to Article 16 of the General Municipal Law of New York State;

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                     WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council its recommendations regarding the Application on August 25, 2004

                       WHEREAS, upon due notice, the Council held a public hearing on the Application and Decision on September 21, 2004;

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

RESOLVED:

                       Pursuant to Section 197-d, the Council approves the decision of the City Planning Commission (C 040476 HAM).

                       The Council finds that the present status of the Disposition Area tends to impair or arrest the sound growth and development of the City of New York and that a designation of the Project as an urban development action area project is consistent with the policy and purposes stated in Section 691 of the General Municipal Law.

                       The Council approves the designation of the Disposition Area as an urban development action area pursuant to Section 693 of the General Municipal Law.

                       The Council approves the Project as an urban development action area project pursuant to Section 694 of the General Municipal Law.

                       The Council approves the disposition of said property to a developer selected by the Department of Housing Preservation and Development.

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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 September 28, 2004, on file in this office.

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City Clerk, Clerk of The Council