THE COUNCIL OF THE CITY OF NEW YORK RESOLUTION NO. 119 Title Resolution approving a motion to file pursuant to withdrawal on an Urban Development Action Area Project located at 721 Franklin Avenue (Block 1238/Lot 10) and 719 Franklin Avenue (Block 1238/Lot 11), Brooklyn, (L.U. No. 57; 20025196 HAK). Body By Council Members Katz and Martinez WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on January 14, 2002 its request dated January 2, 2002 that the Council take the following actions regarding the following Urban Development Action Area Project (the "Project") located at 721 Franklin Avenue (Block 1238/Lot 10) and 719 Franklin Avenue (Block 1238/Lot 11), Borough of Brooklyn (the "Disposition Area"): 1. Find that the present status of the Disposition Area tends to impair or arrest the sound growth and development of the municipality and that the proposed Urban Development Action Area Project is consistent with the policy and purposes stated in Section 691 of the General Municipal Law; 2. Waive the area designation requirement of Section 693 of the General Municipal Law pursuant to said Section; 3. Waive the requirements of Sections 197-c and 197-d of the New York City Charter pursuant to Section 694 of the General Municipal Law; 4. Approve the Project as an Urban Development Action Area Project pursuant to Section 694 of the General Municipal Law; and 5. Approve the exemption of the Project from real property taxes pursuant to Section 696 of the General Municipal Law (the "Tax Exemption"). WHEREAS, on March 1, 2002 by submission dated February 28, 2002 the New York City Department of Housing Preservation and Development withdrew the application; ______________ Page 2 of 2 20025196 HAK Reso. No. 119 (L.U. No. 57) RESOLVED: The Council approves the motion to file pursuant to withdrawal of the application and pursuant to Rules 6.40a and 11.80 of the Rules of the Council. 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 March 13, 2002, on file in this office. .............................................. City Clerk, Clerk of the Council