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3806

THE CITY RECORD

Project Cost: $107,000,000 as reported on July 21, 2015. Original Projected Jobs Estimate: 102.5 existing full time equivalent jobs, 17
new full time equivalent jobs as reported on July 21, 2015. Hourly Wage Average and Range: $39.22/hour, estimated range of $13.25/
hour to $81.55/hour.
Borrower Name: Friends of Hellenic Classical Charter Schools, Inc., a New York not-for-profit corporation Borrower, which is affiliated with Hellenic Classical Charter Schools HCCS, a New York not-for-profit education corporation, both of whose applications for exemption from federal taxation pursuant to section 501c3 of the Internal Revenue Code of 1986, as amended the Code are pending before the Internal Revenue Service IRS. Financing Amount:
Approximately $41,000,000 in aggregate principal amount of taxexempt revenue bonds the Bonds, to be issued as qualified 501c3
bonds, subject to and following the receipt of IRS letters determining the Borrower and HCCS are exempt from federal taxation as described in Code Section 501c3. Project Description: Bonds in the approximate principal amount of $10,500,000 will be used to i refinance a loan incurred by HCCS to finance leasehold improvements to a four-story, approximately 46,000 square foot building, located on a 23,244 square foot parcel of land at 646 Fifth Avenue, Brooklyn, NY, which is the site of HCCSs Park Slope branch the Park Slope Facility, ii pay all or a portion of the cost of the construction, furnishing, and equipping of additional leasehold improvements to the Park Slope Facility and iii fund a ratable portion of the debt service reserve fund, capitalized interest and costs of issuance with respect to the Bonds. The Park Slope Facility includes or will include approximately 21 classrooms, 14 private rooms for offices or specialized learning, locker areas, a cafeteria, gymnasium, library, administrative offices and serves students from kindergarten through Grade eight.
Bonds in the approximate principal amount of $30,500,000 will be used to i finance the construction, furnishing, and equipping of a four-story, approximately 48,000 square foot building, located on an approximately 100,000 square foot parcel of leased land at 1641
Richmond Avenue, Staten Island, NY, which shall serve as HCCSs new Staten Island branch the Staten Island Facility, together with the Park Slope Facility, the Facilities, ii fund a ratable portion of the debt service reserve fund, capitalized interest and costs of issuance with respect to the Bonds. The Staten Island Facility is expected to include 24 classrooms, 17 private rooms for offices or specialized learning, locker areas, a cafeteria, auditorium, library, and administrative offices and serve students from kindergarten through Grade five. HCCS is assigning its leasehold interests in the Facilities to the Borrower, which is subleasing the Facilities to HCCS. HCCS
operates the Park Slope Facility, and will operate the Staten Island Facility, as public charter schools. Addresses: 646 Fifth Avenue, Brooklyn, NY 11215; 1641 Richmond Avenue, Staten Island, NY 10314.
Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost:
$41,000,000. Projected Jobs: 102.5 full-time-equivalent jobs retained;
30 full-time-equivalent jobs created. Hourly Wage Average and Range: $35.07/hour, estimated range of $15.00/hour to $110.00/hour.
Borrower Name : Friends of Academic Leadership CS, LLC, a New York limited liability company Friends LLC, that is a disregarded entity for federal tax purposes, having as its sole member Academic Leadership Charter School the School and together with Friends LLC, the Borrower, a New York education corporation exempt from Federal taxation, pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended Code, that currently operates a charter school in Bronx, NY. Financing Amount: Approximately $30,000,000
in tax-exempt revenue bonds the Bonds. Project Description:
Proceeds from the Bonds, together with funds of the School, will be used to: i finance the construction, equipping, and/or furnishing of an approximately 60,000 square foot middle school facility that will house classrooms, cafeteria, gymnasium, science lab, library, music room and art studio and an approximately 12,000 square foot below-grade parking garage facility, located on a 12,500 square foot parcel of land located at 356-62 East 139th Street, Bronx, NY Facility, ii fund capitalized interest on the Bonds, if necessary, iii fund a debt service reserve fund for the Bonds, and iv pay for certain costs related to the issuance of the Bonds. Friends LLC will own the Facility and lease it to the School. The School will operate the Facility as a public charter school providing education services for students in kindergarten through Grade eight. The School will initially be the sole member of Friends LLC. A New York not-for-profit corporation will be formed and will seek recognition of status as an organization described in Section 501c3 of the Code the New Member. It is expected that the New Member will become the sole member of Friends LLC after such time, to the extent that the New Member is formed as a New York not-forprofit corporation and is recognized by the Internal Revenue Service as an organization described in Section 501c3 of the Code. Address:
356-62 East 139th Street, Bronx, NY 10454. Type of Benefits:
Tax-exempt bond financing and an exemption from City and State mortgage recording taxes. Total Development Cost: $44,145,000, a portion of which will come from proceeds of the Bonds. Projected Jobs: 47 existing full-time equivalent jobs retained and 33 new full-time equivalent jobs created. Hourly Wage Average and Range:
$37.00/hour, estimated range of $18.00/hour to $77.00/hour.

THURSDAY, SEPTEMBER 24, 2020

For any updates to project information after the date of this notice, please visit the website of New York City Economic Development Corporation NYCEDC, at https edc.nyc/buildnyc-project-info.
The Corporation is committed to ensuring meaningful access to its programs. If you require any accommodation for language access, including sign language, please contact NYCEDCs Equal Access Officer at 212 312-3602 or at EqualAccess@edc.nyc.
Pursuant to Executive Order 202.1 extended by 202.60 2020, issued by the Governor of the State of New York, the Corporation will hold a hearing remotely by conference call on the proposed financings and transactions set forth above, commencing at 10:00 A.M. on Wednesday, September 30th, 2020. Interested members of the public are invited to participate in the conference call for the public hearing by dialing 877 853-5247 Toll Free or 888 788-0099 Toll Free and entering the following Webinar ID: 957 2344 5141. The hearing will also be accessible as a free-to-join webinar accessible through the world wide web address:
https nycedc.zoom.us/j/95723445141?pwd=elMyU2krc2VpWTJhd284a 25LOTF5Zz09
Passcode: 941499
The Corporation will present information at such hearing on the proposed financings and transactions set forth above. For those members of the public desiring to review project applications and cost benefit analyses before the date of the hearing, copies of these materials will be made available, at https edc.nyc/build-nyc-boardmeetings-and-public-hearings, starting at 12:00 P.M., fourteen 14
days prior to the hearing. Persons desiring to make a brief statement during the conference call regarding the proposed transactions should give prior notice to the Corporation by sending an email to ftufano@
edc.nyc, no later than 5:00 P.M., the day before the hearing. Written comments may be submitted to the Corporation to the following email address: ftufano@edc.nyc. Please be advised that it is possible that certain of the aforementioned proposed transactions may be removed from the hearing agenda prior to the hearing date. Information regarding such removals will be available on the Corporations website at https edc.nyc/build-nyc-board-meetings-and-public-hearings, on or about 12:00 P.M., on the Friday preceding the hearing.
Build NYC Resource Corporation Attn: Ms. Frances Tufano One Liberty Plaza, 13th Floor New York, NY 10006
212 312-3598
Accessibility questions: NYCEDCs Equal Access Officer 212 312-3602 or at EqualAccess@edc.nyc, by: Tuesday, September 29, 2020, 10:00 A.M.

s24

CITY COUNCIL
PUBLIC HEARINGS

NOTICE IS HEREBY GIVEN that the Council has scheduled the following remote public hearing on the matter indicated below:
The Subcommittee on Zoning and Franchises will hold a remote public hearing on the following matters, commencing, at 10:00 A.M. on September 24, 2020, at https council.nyc.gov/
livestream/. Please visit https council.nyc.gov/testify/ in advance for information about how to testify and how to submit written testimony.
BROOKLYN CB - 16

1510 BROADWAY

N 200082 ZRK

Application submitted by the Department of Housing Preservation and Development, pursuant to Section 201 of the New York City Charter, for an amendment of the Zoning Resolution of the City of New York, modifying APPENDIX F for the purpose of establishing a Mandatory Inclusionary Housing area.
Matter underlined is new, to be added;
Matter struck out is to be deleted;
Matter within is defined in Section 12-10;
indicates where unchanged text appears in the Zoning Resolution.
APPENDIX F
Inclusionary Housing Designated Areas and Mandatory Inclusionary Housing Areas BROOKLYN

Brooklyn Community District 16