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THE CITY RECORD

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2 41 Richards Street
A private application by 54 Richards Street LLC requesting a zoning map amendment from M1-1 to M1-5 to facilitate the development of a new 7-story, 86,266 sf mixed-use development containing 66,319 sf of light manufacturing uses, 15,947 sf commercial office space, and 2,730
sf ground-floor commercial retail at 41 Richards Street in Red Hook, CD 6, Brooklyn.
3 817 Avenue H Rezoning A private application by Agudist Council of Greater New York requesting a zoning map amendment from R5/C1-3 OP to R7A/C2-4
OP and zoning text amendment to map a new MIH area to facilitate a new nine-story, 69,275 square-foot mixed-use development, including 41,348 square feet of residential space approximately 42 dwelling units and 22,149 square feet of community facility space at 817
Avenue H in the Midwood neighborhood of Community District 14, Brooklyn.
4 1289 Atlantic Avenue Rezoning A private application by AA Atlantic LLC requesting a zoning map amendment from M1-1 to C4-5X and R6B and a zoning text amendment to designate an MIH area to facilitate a new 14-story, approximately 162,494 square foot mixed-use building with 112 dwelling units at 1289
Atlantic Avenue, Bedford-Stuyvesant, Community District 3, Brooklyn.
5 281-311 Marcus Garvey Blvd A private application by Omni New York LLC, for a zoning map amendment from R6B, R6A, R6B/C2-4, R6A/C2-4 to R7A/C2-4, a zoning text amendment to map a new MIH area, and a City Planning Commission Special Permit for a Large-Scale General Development to facilitate the development of two-mixed-use buildings at 281-311
Marcus Garvey Blvd., Bedford-Stuyvesant, Community District 3, Brooklyn.
6 396-400 Avenue X Rezoning A private application by PG Realty Investments LLC, for a zoning map amendment from R4/OP to R7A/C2-4/OP and a text amendment to map a MIH Area to facilitate a new 46,000 square foot, 7-story residential and commercial mixed-use building at 396-400 Avenue X in Community District 15, Brooklyn.
Accessibility questions: Corina Lozada, corina.lozada@brooklynbp.nyc.
gov, by: Tuesday, January 9, 2024 5:00 P.M.

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BUILD NYC RESOURCE CORPORATION
PUBLIC HEARINGS

The Build NYC Resource Corporation the Corporation is a not-for-profit local development corporation organized under Sections 402 and 1411 of the Not-for-Profit Corporation Law of the State of New York. In accordance with the aforesaid law, and pursuant to its certificate of incorporation, the Corporation has the power to issue non-recourse revenue bonds or notes and to make the proceeds of those bonds or notes available for projects that promote community and economic development in The City of New York the City, and to thereby create jobs in the non-profit and for-profit sectors of the Citys economy. The Corporation has been requested to issue such bonds and notes for the financings listed below in the approximate dollar amounts respectively indicated. As used herein, bonds or notes are the bonds or notes of the Corporation, the interest on which may be exempt from local and/or state and/or federal income taxes; and, with reference to the bond or note amounts provided herein below, such stated amounts are approximate and shall be deemed to mean up to such stated bond or note amount or a greater principal amount not to exceed 10% of such stated bond or note amount. All other amounts and square footage amounts and wage information shown below are approximate numbers.
Borrower Name: WCHS LLC WCHS or the Borrower, a New York limited liability company and a disregarded entity for federal income tax purposes whose sole member is Williamsburg Charter High School the School, a New York not-for-profit education corporation exempt from federal income taxation pursuant to section 501c3 of the Internal Revenue Code of 1986, as amended the Code. The School is a public charter school that provides an education for nearly 1000 students in grades 9 through 12. Financing Amount: $9,860,000
in tax-exempt and/or taxable bonds the Bonds. The tax-exempt bonds will be issued as part of a plan of finance as qualified 501c3
bonds for educational facilities under section 145 of the Code. Project Description: Proceeds of the Bonds will be used to finance or refinance: i the costs of acquiring an existing 2-story, 7,000 square
THURSDAY, JANUARY 4, 2024

foot building the Building located on a 5,000 square foot parcel of land located at 188 Varet Street, Brooklyn, NY 11206 the Land and together with the Building, the Facility; ii the costs of constructing, renovating and equipping the Facility, which will include a gymnasium, multiuse classrooms, and offices and which will be connected to an adjacent building being used by the School, and resulting in the Building containing 8,278 square feet of renovated space; iii fund debt service reserve funds, if any; and iv pay for certain costs related to the issuance of the Bonds i-iv, collectively the Project. The Facility will be owned by WCHS and leased to and operated by the School. Address: 188 Varet Street, Brooklyn, NY 11206. Type of Benefits: Tax-exempt and/or taxable bond financing and exemption from City and State mortgage recording taxes. Total Project Cost:
$9,860,000. Projected Jobs: 138 full time equivalent jobs retained and 10 projected. Hourly Wage Average and Range: $26.99/hour, estimated range of $18.00/hour to $68.00/hour.
Borrower Name: Zeta Charter Schools, Inc. the Borrower, a Delaware not-for-profit corporation exempt from federal income taxation pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended the Code. The Borrower is a charter management organization founded to provide academic and business services to Zeta Charter Schools New York City Zeta NYC, a New York not-forprofit education corporation exempt from federal taxation pursuant to Section 501c3 of the Code, which operates public charter schools, including Zeta Charter School Bronx Tremont Park the School.
Financing Amount: $75,000,000 in tax-exempt bonds the Bonds.
The Bonds will be issued as part of a plan of finance of qualified 501c 3 bonds for educational facilities under Section 145 of the Code.
Project Description: Proceeds of the Bonds will be used to finance or refinance: i the acquisition of a 2,503 square foot parcel of land located at 4261 Third Avenue, Bronx, New York the 4261 Parcel and a 10,868 square foot parcel of land located at 4263 Third Avenue, Bronx, New York the 4263 Parcel and together with the 4261 Parcel, the Land; ii demolition of an existing 9,800 square foot, one-story building located on the 4263 Parcel and the subsequent construction and equipping of a new six-story 63,554 square foot facility on the Land the Facility; iii capitalized interest on the Bonds; iv any required debt service reserve fund; and v certain costs related to the issuance of the Bonds. The Facility will be owned by the Borrower and leased to Zeta NYC, which will operate the Facility as a public charter school serving approximately 630 students in pre-kindergarten and Grades 3 to 5. Addresses: 4261-4263 Third Avenue, Bronx, NY 10457.
Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost:
$75,000,000. Projected Jobs: 42 full-time equivalent jobs retained and 31 new full-time equivalent jobs projected. Hourly Wage Average and Range: $38.17/hour, estimated range of $27.00/hour to $51.00/
hour.
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 www.nycedc.com/buildnycproject-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 Internal Revenue Code 147f, the Corporation will hold a hearing at the offices of NYCEDC, 1 Liberty Plaza, 14th Floor, New York, New York 10006 on the proposed financings and transactions set forth above, commencing at 10:00 A.M. on Thursday, January 18th, 2024. Interested members of the public are invited to attend.
Interested members of the public are invited to attend and will be given an opportunity to make a brief statement regarding the projects listed above.
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 sedc.nycbuild-nyc-board-meeingsand-ublic-earings https edc.nyc/build-nyc-board-meetings-andpublic-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 5:00P.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.