Res 1085-2016

By Council Members Greenfield and Dickens WHEREAS, the New York City Department of Housing Preservation and Development ("HPD") submitted to the Council on March 1, 2016 its request dated February 15, 2016 that the Council approve the conveyance of properties located at Block 3071, p/o Lot 10 (Development Parcel A) and Block 3072, p/o Lot 1 (Development Parcel B) ("New Project"), Community District 1, Council District 34, Borough of Brooklyn (the "Development Parcels"): WHEREAS, the original project was approved by the Board of Estimate on August 21, 1980 (Cal. No. 23), ("Original Project"); WHEREAS, the Current Owner wishes to sell the Development Parcels to New Owners for the New Project; WHEREAS, a restrictive covenant will be executed and recorded binding the New Owners to the terms set forth in the HPD request; WHEREAS, upon due notice, the Council held a public hearing on the New Project on May 17, 2016; WHEREAS, the Council has considered the land use and financial implications and other policy issues relating to the New Project; RESOLVED: The Council approves, pursuant to Section 122(1) of the PHFL, contingent upon the execution and recordation of the Restrictive Covenant, the conveyance of the Development Parcels by the Current Owner to the New Owners. 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 25, 2016, on file in this office. ........................................ City Clerk, Clerk of The Council Page 2 of 2 20135344 HAM Res. No. ____ (L.U. No. 773)