Pursuant to Article 15 of the General Municipal Law ("GML") and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development ("HPD") of the City of New York ("City") has proposed the sale of certain real property in the Brooklyn Center Urban Renewal Area ("Area") to BCD:A LLC, the sponsor designated by HPD ("Sponsor"), for redevelopment in accordance with the Fifth Amended Brooklyn Center Urban Renewal Plan ("Plan") for the redevelopment of the Area.
The property to be sold is located in the Borough of Brooklyn, City and State of New York, and known as:
Addresses Block/Lot
15 Lafayette Avenue 2107/36 (formerly known as Lots 36, 40 and 41)
on the Tax Map of the City ("Disposition Area").
The City proposes to sell the Disposition Area to the Sponsor at the nominal price of one dollar per tax lot pursuant to Section 507(2)(d) of the GML. The Sponsor will also deliver an enforcement note and mortgage for the remainder of the appraised value (“Land Debt”). The Sponsor will then construct one new multiple dwelling in the Disposition Area. When completed, the project will provide approximately 123 units of mixed-income rental housing, approximately 2,652 square feet of commercial space and approximately 20,783 square feet of community facility space.
In addition, the City will grant a Light and Air Easement and an Access Easement on adjacent property located at 262 Ashland Place (Brooklyn Block 2107, Lot 33) that benefits the Disposition Area.
The Land Debt will be repayable out of resale or refinancing projects for a period of thirty (30) years following completion of construction. The remaining balance, if any, may be forgiven in the 30th year.
The proposed Land Disposition Agreement and the Plan are available for public examination at the office of HPD, 100 Gold Street, Room 5-A4, New York, New York during its regular hours on weekdays from 9:00 a.m. to 5:00 p.m.
PLEASE TAKE NOTICE that a public hearing will be held on February 11, 2015 at Second Floor Conference Room, 22 Reade Street, Manhattan at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 507(2)(d) of the GML and Section 1802(6)(j) of the Charter.
Individuals requesting sign language interpreters should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.