Res 1465-2020

By Council Members Salamanca and Moya WHEREAS, the City Planning Commission filed with the Council on September 18, 2020 its decision dated September 16, 2020 (the "Decision"), on the application submitted by the New York City Department of Housing Preservation and Development ("HPD") regarding city-owned and privately-owned property located at 1510 Broadway (Block 1489, Lot 11), (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 actions would facilitate the development of a new mixed-use building with approximately 107 units of affordable housing and commercial space at 1510 Broadway in the Ocean Hill neighborhood of Brooklyn, Community District 16, (ULURP No. C 200084 HAK) (the "Application"); WHEREAS, the Application is related to applications N 200082 ZRK (L.U. No. 682), a zoning text amendment to designate a Mandatory Inclusionary Housing (MIH) area; C 200083 PQK (L.U. No. 683), an acquisition of property by the New York City Department of Citywide Administrative Services (DCAS); and C 200085 ZMK (L.U. No. 685), a zoning map amendment to rezone the project area from R6/C1-3 to R7-1/C2-4; 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 September 18, 2020 and submitted to the Council on September 18, 2020, 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 and the HPD Requests on September 24, 2020; 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 Revised Negative Declaration issued November 21st, 2019, which supersedes the Negative Declaration issued October 7th, 2019, (CEQR No. 19HPD057K) which include an (E) designation to avoid the potential for significant adverse impacts related to hazardous materials and noise (E-536) (the "Revised Negative Declaration"); RESOLVED: The Council finds that the action described herein will have no significant impact on the environment as set forth in the (E) Designation (E-536) and Revised 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 200084 HAK 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 200084 HAK 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: EXTREMELY LOW AND LOW INCOME AFFORDABILITY PROGRAM 2. PROJECT: 1510 Broadway 3. LOCATION: a. BOROUGH: Brooklyn b. COMMUNITY DISTRICT: 16 c. COUNCIL DISTRICT: 41 d. DISPOSITION AREA: BLOCK LOT ADDRESS 1489 11 1510 Broadway 4. BASIS OF DISPOSITION PRICE: Nominal. Sponsor will pay one dollar per lot and deliver a note and mortgage for the remainder of the appraised value ("Land Debt"). For a period of at least thirty (30) years following completion of construction, the Land Debt or the City's capital subsidy may be repayable out of resale or refinancing profits. The remaining balance, if any, may be forgiven at the end of the term. 5. TYPE OF PROJECT: New Construction 6. APPROXIMATE NUMBER OF BUILDINGS: 1 7. APPROXIMATE NUMBER OF UNITS: 107 dwelling units, plus 1 superintendent's unit 8. HOUSING TYPE: Rental 9. ESTIMATE OF INITIAL RENTS Rents will be affordable to families earning from 30% - 80% of the area median income ("AMI"). Formerly homeless tenants referred by DHS and other City agencies will pay up to 30% of their income as rent. 10. INCOME TARGETS 30% to 80% of AMI 11. PROPOSED FACILITIES: Approximately 9,793 square feet of commercial space 12. PROPOSED CODES/ORDINANCES: None 13. ENVIRONMENTAL STATUS: Negative Declaration 14. 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 ____________, 2020, on file in this office. ..................................................... City Clerk, Clerk of The Council Page 4 of 4 C 200084 HAK Res. No. ___ (L.U. No. 684)