THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 1730

Resolution approving an Amended Urban Development Action Area Project located at 292 East 3^rd Street (Block 372/Lot 19), 719 East 6^th Street (Block 376/Lot 54), 209 East 7^th Street (Block 390/Lot 50), 274 East 7^th Street (Block 376/Lot 30), 278 East 7^th Street (Block 376/Lot 31), 733 East 9^th Street (Block 379/Lot 48), 377 East 10^th Street (Block 393/Lot 47), 544 East 13^th Street (Block 406/Lot 27), 21 Avenue C (Block 385/Lot 38), 155 Avenue C (Block 392/Lot 33), 9 Second Avenue (Block 456/Lot 28), Borough of 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. 928; 20095174 HAM).

By Council Members Katz and Garodnick

                     WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on October 8, 2008 its request dated September 22, 2008 that the Council take the following actions regarding the following Amended Urban Development Action Area Project (the "Amended Project") located at 292 East 3^rd Street (Block 372/Lot 19), 719 East 6^th Street (Block 376/Lot 54), 209 East 7^th Street (Block 390/Lot 50), 274 East 7^th Street (Block 376/Lot 30), 278 East 7^th Street (Block 376/Lot 31), 733 East 9^th Street (Block 379/Lot 48), 377 East 10^th Street (Block 393/Lot 47), 544 East 13^th Street (Block 406/Lot 27), 21 Avenue C (Block 385/Lot 38), 155 Avenue C (Block 392/Lot 33), 9 Second Avenue (Block 456/Lot 28), Community District 3, Borough of Manhattan (the "Disposition Area"):

Approve the Amended Project as to allow the Sponsor to rent or sell at least 151 completed units to households with annual incomes up to 120% of the area median income and up to 11 units (not more than one per building) to households with annual incomes of up to 165% of the area median income;

                     WHEREAS, the Amended Project is related to 20025434 HAM (L.U. No. 195; Resolution No. 374 of 2002);

                        WHEREAS, upon due notice, the Council held a public hearing on the Project on December 2, 2008;

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

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20095174 HAM

Res. No. 1730 (L.U. No. 928)

RESOLVED:

                        The Council approves the Amended 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 set forth 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 December 9, 2008, on file in this office.

                                                                                                                                                                                                                       …………………………………

                          City Clerk, Clerk of the Council