New York City Council Header
File #: Res 1681-2021    Version: * Name: LU 801 - Landmarks, Melrose Open Door, Bronx (C 20210154 HAX)
Type: Resolution Status: Adopted
Committee: Committee on Land Use
On agenda: 6/17/2021
Enactment date: Law number:
Title: Resolution approving the application submitted by the Department of Housing Preservation and Development ("HPD") and the decision of the City Planning Commission, ULURP No. C 210154 HAX, approving the designation of an Urban Development Action Area, an Urban Development Action Area Project, and the disposition of property located at 672 St. Anns Avenue (Block 2617, Lot 20), 675 Eagle Avenue (Block 2617, Lot 70), 667 Cauldwell Avenue (Block 2624, Lot 73), and 840-842 Tinton Avenue (Block 2667, Lots 1 and 2), Borough of the Bronx, Community District 1, to a developer selected by HPD (L.U. No. 801; C 210154 HAX).
Sponsors: Rafael Salamanca, Jr., Kevin C. Riley
Council Member Sponsors: 2
Attachments: 1. Calendar of the Subcommittee Meetings - June 1 and 2, 2021, 2. May 27, 2021 - Stated Meeting Agenda with Links to Files, 3. Calendar of the Landmarks, Public Sitings and Dispositions Subcommittee Meeting - June 15, 2021, 4. Calendar of the Zoning Subcommittee and Land Use Meetings - June 16, 2021, 5. June 17, 2021 - Stated Meeting Agenda with Links to Files, 6. Committee Report, 7. Res. No. 1681, 8. Hearing Transcript - Stated Meeting 6-17-21, 9. Minutes of the Stated Meeting - June 17, 2021

THE COUNCIL OF THE CITY OF NEW YORK

RESOLUTION NO. 1681

 

Resolution approving the application submitted by the Department of Housing Preservation and Development (“HPD”) and the decision of the City Planning Commission, ULURP No. C 210154 HAX, approving the designation of an Urban Development Action Area, an Urban Development Action Area Project, and the disposition of property located at 672 St. Anns Avenue (Block 2617, Lot 20), 675 Eagle Avenue (Block 2617, Lot 70), 667 Cauldwell Avenue (Block 2624, Lot 73), and 840-842 Tinton Avenue (Block 2667, Lots 1 and 2), Borough of the Bronx, Community District 1, to a developer selected by HPD (L.U. No. 801; C 210154 HAX).

 

By Council Members Salamanca and Riley

 

                     WHEREAS, the City Planning Commission filed with the Council on May 14, 2021 its decision dated May 5, 2021 (the "Decision"), on the application submitted by the New York City Department of Housing Preservation and Development (“HPD”) regarding city-owned property located at 672 St. Anns Avenue (Block 2617, Lot 20), 675 Eagle Avenue (Block 2617, Lot 70), 667 Cauldwell Avenue (Block 2624, Lot 73), and 840-842 Tinton Avenue (Block 2667, Lots 1 and 2), (the “Project Area”), approving:

 

a)                     pursuant to Article 16 of the General Municipal Law of New York State the designation of Disposition Area as an Urban Development Action Area;

 

b)                     pursuant to Article 16 of the General Municipal Law of New York State an Urban Development Action Area Project for the Disposition Area (the "Project"); and

 

c)                     pursuant to Section 197-c of the New York City Charter the disposition of the Disposition Area to a developer to be selected by the New York City Department of Housing Preservation and Development;

 

which in conjunction with the related action would facilitate the construction of four building with 28 affordable residential units space in the Melrose neighborhood of Bronx, Community District 1 (ULURP No. C 210154 HAX) (the "Application");

 

                     WHEREAS, the Application is related to application C 210155 HUX (L.U. No. 800), an amendment to the Mott Haven North Urban Renewal Plan (URP);

 

WHEREAS, the City Planning Commission has certified its unqualified approval of UDAAP pursuant to Article 16 of the General Municipal Law;

 

WHEREAS, the Decision is subject to review and action by the Council pursuant to Section 197-d of the City Charter;

 

WHEREAS, by letter dated May 6, 2021 and submitted to the Council on May 6, 2021, HPD submitted its requests (the “HPD Requests”) respecting the Application including the submission of the project summary for the Project (the “Project Summary”);

 

                     WHEREAS, upon due notice, the Council held a public hearing on the Application and Decision on June 2, 2021;

 

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

 

                     WHEREAS, the Council has considered the relevant environmental issues, including the negative declaration issued December 10th, 2020, (CEQR No. 19HPD084X) (the “Negative Declaration”).

 

RESOLVED:

 

                       The Council finds that the action described herein will have no significant impact on the environment as set forth in the Negative Declaration.

 

 Pursuant to Section 197-d of the New York City Charter, based on the environmental determination and the consideration described in the report C 210154 HAX and incorporated by reference herein, and the record before the Council, the Council approves the Decision of the City Planning Commission and the HPD Requests.

 

Pursuant to Article 16 of the General Municipal Law of the New York State, based on the environmental determination and the consideration described in the report C 210154 HAX and incorporated by reference herein, the Council approves the Decision of the City Planning Commission and the HPD Requests.

 

The Council finds that the present status of the 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 designation of the Area as an urban development action area pursuant to Section 693 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 and subject to the terms and conditions of the Project Summary.

 

 

The Council approves the disposition of the Disposition Area under Section 197-d of the New York City Charter, to a developer to be selected by the New York City Department of Housing Preservation and Development for the development of the Project consistent with the Project Summary.

 

 

PROJECT SUMMARY

 

 

1.                     PROGRAM:                                                                                                                                                   OPEN DOOR PROGRAM

 

2.                     PROJECT:                                                                                                                                                   Melrose Open Door CB1

 

3.                     LOCATION:

 

                     a.                     BOROUGH:                                                                                                                              Bronx

 

                     b.                     COMMUNITY DISTRICT:                                                                                    1

 

                     c.                     COUNCIL DISTRICT:                                                                                    17

 

                     d.                     DISPOSITION AREA:                                                                                    BLOCKS                                          LOTS

 

                                                               2617                                                                20

                     2617                                                                70

                     2624                                                                73
2667
                                                                     1

                                                               2667                                                                2

                                          

                                                                                      

 

4.                     BASIS OF DISPOSITION PRICE:                                                               Nominal.  Sponsor will pay one dollar per tax lot and deliver a note and mortgage for the remainder of the appraised value (“Land Debt”).

 

5.                     TYPE OF PROJECT:                                                                                                         New Construction

 

6.                     APPROXIMATE NUMBER OF BUILDINGS:                     4

 

7.                     APPROXIMATE NUMBER OF UNITS:                                          28

 

8.                     HOUSING TYPE:                                                                                                                              Cooperative Units.  If homes remain unsold at the end of the Marketing Period and HPD determines in writing that (i) sale is not feasible within a reasonable time, and (ii) a rental fallback is the best available alternative, then the unsold homes may be rented in accordance with the written instructions of HPD.

 

9.                     ESTIMATE OF INITIAL PRICE:                                                                                    Sales prices will be affordable to families with annual household incomes at or below 110% of the area median income (AMI).

 

10.                     LIENS FOR LAND DEBT/CITY SUBSIDY:                                          Each of the Land Debt and the amount of any construction financing provided through loans from the City ("City Subsidy") will be secured by a mortgage on the Disposition Area. Upon conversion to a cooperative, the HDFC cooperative and/or CLT will repay the Land Debt and City Subsidy, if any, attributable to the property by delivering one or more notes and mortgages and/or a conditional grant agreement to the City. At such time, HPD may unsecure or forgive all or a portion of the Land Debt, and unsecure, but not forgive, all or a portion of the City Subsidy, based on the appraised value of a homeownership unit and/or, in the case of forgiveness of Land Debt, if HPD determines that the forgiveness is necessary to reduce the taxable consideration for a unit. The sum evidenced by the note and secured by the mortgage will be reduced to zero upon maturity of the Land Debt and City Subsidy, respectively, if the owner has complied with the program’s restrictions.

                                                                                                                                                                                                                  

11.                     INCOME TARGETS:                                                                                                                              Families with annual household incomes at or below 110% of AMI.

 

12.                     PROPOSED FACILITIES:                                                                                                         None

 

13.                     PROPOSED CODES/ORDINANCES:                                                               None

 

14.                     ENVIRONMENTAL STATUS:                                                                                    Negative Declaration

 

15.                     PROPOSED TIME SCHEDULE:                                                               Approximately 24 months from closing to completion of construction.

 

 

 

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 17, 2021 on file in this office.

 

 

 

 

….…….…………………………

City Clerk, Clerk of The Council