THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 529

Resolution approving an Urban Development Action Area Project located at 16-18 Old Broadway (Block 1982/Lot 67), 434 St. Nicholas Avenue (Block 1958/Lot 53), 525 West 142^nd Street (Block 2074/Lot 15), 535 West 144^th Street (Block 2076/Lot 118), 3285 Broadway (Block 1999/Lot 31), and 3287 Broadway (Block 1999/Lot 32), 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. 125; 20045421 HAM).

By Council Members Katz and Martinez

WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on March 17, 2004 its request dated March 1, 2004 that the Council take the following actions regarding an Urban Development Action Area Project (the "Project") located at 16-18 Old Broadway (Block 1982/Lot 67), 434 St. Nicholas Avenue (Block 1958/Lot 53), 525 West 142^nd Street (Block 2074/Lot 15), 535 West 144^th Street (Block 2076/Lot 118), 3285 Broadway (Block 1999/Lot 31), and 3287 Broadway (Block 1999/Lot 32), Community Districts 9 and 10, 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.                     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; and

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

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                     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 August 9, 2004;

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 waives 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 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.

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.

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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 August 12, 2004, on file in this office.

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                                             City Clerk, Clerk of The Council