THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 326

Resolution approving an Urban Development Action Area Project located at 208 East 122^nd Street (Block 1786/Lot 46), 318 Pleasant Avenue, aka 500-06 East 117^th Street (Block 1715/Lot 48), 2288 2^nd Avenue (Block 1689/Lot 4), and 1267 Park Avenue (Block 1625/Lot 70), 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. 132; 20065403 HAM).

By Council Members Katz and Garodnick

WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on April 12, 2006 its request dated March 20, 2006 that the Council take the following actions regarding an Urban Development Action Area Project (the "Project") located at 208 East 122^nd Street (Block 1786/Lot 46), 318 Pleasant Avenue, aka 500-06 East 117^th Street (Block 1715/Lot 48), 2288 2^nd Avenue (Block 1689/Lot 4), and 1267 Park Avenue (Block 1625/Lot 70), 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.                     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 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 May 2, 2006;

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 May 10, 2006, on file in this office.

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                                             City Clerk, Clerk of The Council