THE COUNCIL OF THE CITY OF NEW YORK
RESOLUTION NO. 368
Title
Resolution approving an Urban Development Action Area Project located at 148 West 120 Street (Block 1904/Lot 53), 20 West 121 Street (Block 1720/Lot 28), 22 West 121 Street (Block 1720/Lot 29), 24 West 121 Street (Block 1720/Lot 30), 20 West 126 Street (Block 1723/Lot 46), 112 West 127 Street (Block 1911/Lot 139), 147 West 129 Street (Block 1914/Lot 113), 157 West 129 Street (Block 1914/Lot 109), 80 West 132 Street (Block 1729/Lot 67), 233 Lenox Avenue (Block 1906/Lot 133), 24 East 127 Street (Block 1751/Lot 62), and 245 East 118 Street (Block 1783/Lot 119), 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. 154; 20025369 HAM).
Body
By Council Members Katz and Martinez
WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on April 17, 2002 its request dated April 9, 2002 that the Council take the following actions regarding the following Urban Development Action Area Project (the "Project") located at 148 West 120 Street (Block 1904/Lot 53), 20 West 121 Street (Block 1720/Lot 28), 22 West 121 Street (Block 1720/Lot 29), 24 West 121 Street (Block 1720/Lot 30), 20 West 126 Street (Block 1723/Lot 46), 112 West 127 Street (Block 1911/Lot 139), 147 West 129 Street (Block 1914/Lot 113), 157 West 129 Street (Block 1914/Lot 109), 80 West 132 Street (Block 1729/Lot 67), 233 Lenox Avenue (Block 1906/Lot 133), 24 East 127 Street (Block 1751/Lot 62), 2 East 130 Street (Block 1754/Lot 68) and 245 East 118 Street (Block 1783/Lot 119), 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 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;
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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, by letter dated June 4, 2002, the agency withdrew the property located at 2 East 130 Street (Block 1754/Lot 68);
WHEREAS, the Project is to be developed on land that is now a municipally-owned 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 June 11, 2002;
WHEREAS, the Council has considered the land use and financial 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 waives the area designation requirement of the Disposition Area as an urban development action area under Section 693 of the General Municipal Law.
The Council waives the requirements of Sections 197-c and 197-d of the New York City Charter pursuant to Section 694 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.
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The Project shall be developed in a manner consistent with the Project Summary that HPD has submitted to the Council, a copy of which is attached hereto.
The exemption of the Project from real property taxes pursuant to Section 696 of the General Municipal Law is approved as follows:
a. All of the value of the buildings, structures, and other improvements situated on the Disposition Area shall be exempt from local and municipal taxes, other than assessments for local improvements and land value, for a period of six years commencing on the July 1st following the date of issuance of the first temporary or permanent Certificate of Occupancy for a building located on the Disposition Area, during the last three years of which such exemption shall decrease in equal annual decrements.
b. The partial tax exemption granted hereunder shall terminate with respect to all or any portion of the Disposition Area if the Department of Housing Preservation and Development determines that such real property has not been, or is not being, developed, used, and/or operated in compliance with the requirements of all applicable agreements made by the Sponsor or the owner of such real property with, or for the benefit of, the City of New York. The Department of Housing Preservation and Development shall deliver written notice of any such determination of noncompliance to the owner of such real property and all mortgagees of record, which notice shall provide for an opportunity to cure of not less than ninety (90) days. If the noncompliance specified in such notice is not cured within the time period specified therein, the partial tax exemption granted hereunder shall prospectively terminate with respect to the real property specified therein.
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 26, 2002, on file in this office.
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City Clerk, Clerk of the Council