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WEDNESDAY, JULY 15, 2020

THE CITY RECORD

and then rehabilitated by a private developer selected through a request for qualifications. Upon conveyance to the Sponsor, buildings will be managed by the private developers. Following completion of rehabilitation, Sponsor conveys the building to a cooperative housing development fund corporation Cooperative Corporation formed by the buildings tenants. The cooperative interests attributable to occupied apartments will be sold to the existing tenants for $2,500
per apartment. The cooperative interests attributable to vacant apartments will be sold for a price affordable to families earning no more than 165% of the area median income.
Under the proposed project, the City will sell the Disposition Area to Sponsor for the nominal price of one dollar $1.00 per building. When completed, the project will provide 69 affordable cooperative dwelling units and 2 superintendents units.
At the time of sale, the Sponsor will be required to sign a rental regulatory agreement with HPD containing, among other things, restrictions on rents, incomes, and assets. When the Sponsor conveys the building to the Cooperative Corporation upon the completion of rehabilitation, the Cooperative Corporation will be required to sign a cooperative regulatory agreement with HPD containing, among other things, restrictions on sale prices, incomes, and assets as well as requirements for a flip tax and building reserve fund.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by contacting HPD, at pearsona@hpd.nyc.gov on business days during business hours.
In order to access the Public Hearing and testify, please call 1-646-992-2010, Access Code: 129 537 9770 no later than 9:55 A.M. If you need further accommodations, please let us know at least five business days in advance of the Public Hearing via email, at DisabilityAffairs@mocs.nyc.gov.

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CORRECTED PUBLIC NOTICE
PLEASE TAKE NOTICE that a Real Property Hearing will be held on July 15, 2020, at 10:00 A.M. The Public Hearing will be held via Conference Call. Call-in : 1-646-992-2010, Access Code 129 537 9770.
Pursuant to Section 6952b of the General Municipal Law and Section 18026j of the Charter, the Department of Housing Preservation and Development HPD of the City of New York City has proposed the sale of the following City-owned property collectively, Disposition Area in the Borough of Manhattan:
Address 311-313 Pleasant Avenue 51-55 East 129th Street 1263 Park Avenue
2843

CORRECTED PUBLIC NOTICE
PLEASE TAKE NOTICE that a Real Property Hearing will be held on July 15, 2020, at 10:00 A.M. The Public Hearing will be held via Conference Call. Call-in : 1-646-992-2010, Access Code 129 537 9770.
Pursuant to Section 18026j of the Charter, the Department of Housing Preservation and Development HPD of the City of New York City has proposed the sale of the following City-owned property collectively, Disposition Area in the Borough of Manhattan:
Address
Block/Lots
266 West 96th Street
Block 1243, Lot 57

Under HPDs Mixed Income Program: M2, sponsors purchase Cityowned or privately owned land or vacant buildings and construct multifamily buildings in order to create affordable rental housing units with a range of affordability in which up to 25% of the units are affordable to low income households earning up to 60% of the Area Median Income AMI and the remaining units are affordable to moderate and/or middle income households. Subject to project underwriting, up to 30% of the units may be rented to formerly homeless families and individuals. Construction and permanent financing is provided through loans from private institutional lenders and from public sources including HPD, the New York City Housing Development Corporation, the State of New York, and the federal government. Additional funding may also be provided from the syndication of low-income housing tax credits.
Under the proposed project, the City will sell the Disposition Area to 270 West 96th Street, Housing Development Fund Corporation Sponsor for the nominal price of one dollar per tax lot. 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 building containing a total of approximately 170 rental dwelling units 68 affordable and 102 market-rate, plus one unit for a superintendent and approximately 10,843 square feet of community facility space on the Disposition Area and adjacent privately owned lots on Block 1243, Lots 59 and 60.
The Land Debt or the Citys capital subsidy may be repayable out of resale or refinancing profits for a period of at least thirty 30 years following completion of construction. The remaining balance, if any, may be forgiven at the end of the term.

Block/Lots
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by contacting HPD at pearsona@hpd.nyc.gov on business days during business hours.

B: 1710; L: 27
B: 1754; L: 26
B: 1625; L: 72

In order to access the Public Hearing and testify, please call 1-646-9922010, Access Code: 715 951 139 no later than 9:55 A.M. If you need further accommodations, please let us know at least five business days in advance of the Public Hearing via email, at DisabilityAffairs@mocs.nyc.gov.

Under HPDs Affordable Neighborhood Cooperative Program, occupied City-owned residential buildings are purchased by Restoring Communities Housing Development Fund Corporation Sponsor and then rehabilitated by a private developer selected through a request for qualifications. Upon conveyance to the Sponsor, buildings will be managed by the private developers. Following completion of rehabilitation, Sponsor conveys the building to a cooperative housing development fund corporation Cooperative Corporation formed by the buildings tenants. The cooperative interests attributable to occupied apartments will be sold to the existing tenants for $2,500
per apartment. The cooperative interests attributable to vacant apartments will be sold for a price affordable to families earning no more than 165% of the area median income.
Under the proposed project, the City will sell the Disposition Area to Sponsor for the nominal price of one dollar $1.00 per building. When completed, the project will provide 64 affordable cooperative dwelling units.
At the time of sale, the Sponsor will be required to sign a rental regulatory agreement with HPD containing, among other things, restrictions on rents, incomes, and assets. When the Sponsor conveys the building to the Cooperative Corporation upon the completion of rehabilitation, the Cooperative Corporation will be required to sign a cooperative regulatory agreement with HPD containing, among other things, restrictions on sale prices, incomes, and assets as well as requirements for a flip tax and building reserve fund.
The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination by contacting HPD, at pearsona@hpd.nyc.gov on business days during business hours.
In order to access the Public Hearing and testify, please call 1-646-992-2010, Access Code: 129 537 9770 no later than 9:55 A.M. If you need further accommodations, please let us know at least five business days in advance of the Public Hearing via email, at DisabilityAffairs@mocs.nyc.gov.

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OFFICE OF LABOR RELATIONS
NOTICE

The New York City Deferred Compensation Board, will hold its next Deferred Compensation Board Hardship meeting, on Thursday, July 16, 2020, at 3:00 P.M. The meeting will be held remotely via conference call. Please visit the below link to access the audio recording of the Board meeting, or to access archived Board meeting audio/videos:
https www1.nyc.gov/site/olr/deferred/dcp-board-webcasts.page

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LANDMARKS PRESERVATION COMMISSION
PUBLIC HEARINGS

NOTICE IS HEREBY GIVEN that pursuant to the provisions of Title 25, Chapter 3 of the Administrative Code of the City of New York Sections 25-303, 25-307, 25-308, 25-309, 25-313, 25-318, 25-320 on Tuesday, July 21, 2020, at 9:30 A.M., the Landmarks Preservation Commission LPC or agency, will hold a public hearing by teleconference with respect to the properties list below, and then followed by a public meeting. The final order and estimated times for each application will be posted on the Landmarks Preservation Commission website, the Friday before the hearing. Please note that the order and estimated times are subject to change. The teleconference will be by the Zoom app, and will be live streamed on the LPCs YouTube channel, www.youtube.com/nyclpc. Members of the public should observe the meeting on the YouTube channel and may testify on