THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 1205

Resolution approving an Urban Development Action Area Project located at 254 East 125^th Street (Block 1789/Lot 29), Manhattan, and waiving the urban development action area designation requirement and the Uniform Land Use Review Procedure, pursuant to Sections 693 and 694 of the General Municipal Law (L.U. No. 560; 20065052 HAM).

By Council Members Katz and Martinez

WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on August 15, 2005 its request dated August 1, 2005 that the Council take the following actions regarding an Urban Development Action Area Project (the "Project") located at 254 East 125^th Street (Block 1789/Lot 29), Community District 11, Borough of Manhattan (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 of Section 691 of the General Municipal Law;

                        2.                     Approve the area designation requirement of Section 693 of the General Municipal Law pursuant to said Section;

                        3                     Approve the Project as an Urban Development Action Area Project pursuant to Section 694 of the General Municipal Law.

                           WHEREAS, the Project is to be developed on land that is now an eligible area as defined in Section 692 of the General Municipal Law, consists solely of the rehabilitation or conservation of existing private or multiple dwellings or the construction of one to four unit dwellings, and does not require any change in land use permitted under the New York City Zoning Resolution;

WHEREAS, upon due notice, the Council held a public hearing on the Project on October 6, 2005;

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

RESOLVED:

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 area designation requirement of the Disposition Area as an urban development action area under Section 693 of the General Municipal Law pursuant to said Section.

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

The Project shall be disposed of and developed upon the terms and conditions in the Project Summary that HPD has submitted to the Council, a copy of which is attached hereto.

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 October 11, 2005, on file in this office.

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                                             City Clerk, Clerk of The Council