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THE CITY RECORD

3442

BUILD NYC RESOURCE CORPORATION
PUBLIC HEARINGS

NOTICE OF PUBLIC HEARING
The Build NYC Resource Corporation the Corporation is a not-forprofit 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 including square footage amounts and wage information shown below are approximate numbers.
Borrower Name: Bay Ridge Preparatory School the School or the Borrower, a New York 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 School is an independent, co-educational, college preparatory school that provides an education for students in grades kindergarten through twelve. Financing Amount: $29,850,000 in tax-exempt qualified 501c3 bonds issued pursuant to section 145 of the Code and/or taxable bonds the Bonds.
Project Description: As part of a plan of financing, proceeds from the Bonds will be used to: i refinance the $17,000,000 outstanding principal balance of a taxable loan that was funded in the same original amount of $17,000,000, the proceeds of which were used to 1
finance the acquisition of a 1,890 square foot building located on a 4,700 square foot parcel of land located at 7503 Shore Road, Brooklyn, New York 11209 Facility 1 and a 25,000 square foot building located on a 22,000 square foot parcel of land located at 7509 Shore Road, Brooklyn, NY 11209 Facility 2, 2 finance a portion of the cost of the renovation of Facility 2 and 3 refinance existing indebtedness of the School which financed the purchase of a 21,000 square foot building located on a 10,940 square foot parcel of land located at 8101 Ridge Blvd, Brooklyn, NY 11209 Facility 3; ii finance the cost of constructing, developing, and equipping Facility 1 into a 7,300 square foot facility; iii finance the remaining cost of developing, converting, furnishing, and equipping Facility 2; iv fund debt service reserve funds, if any; v fund capitalized interest; and vi pay for certain costs related to the issuance of the Bonds i-vi collectively, the Project. The School will operate Facility 1 as its gymnasium and event center, which will serve 380 students in grades kindergarten through twelve and will serve as a large gathering space for student and alumni activities. Renovations to Facility 1 will include the demolition of the current structure and construction of the new gymnasium facility. The School will operate Facility 2 as its Upper School, which will serve approximately 200 students in grades nine through twelve. Renovations to Facility 2 will include the conversion of the current structure into a three-story educational facility, including classrooms, science labs, common areas, and private outdoor spaces as well as improvements to make the facility energy efficient. The School will operate Facility 3 as the Lower and Middle School, and will serve approximately 170 students in grades kindergarten through eight.
Address: 7503 Shore Road, Brooklyn, NY 11209; 7509 Shore Road, Brooklyn, NY 11209, and 8101 Ridge Blvd, Brooklyn, NY 11209. Type of Benefits: Tax-exempt and/or taxable bond financing and exemption from City and State mortgage recording taxes. Total Project Cost:
$36,050,000. Projected Jobs: 50.5 full-time equivalent jobs retained and 7 projected. Hourly Wage Average and Range: $66.47/hour, estimated range of $40.00/hour to $223.52/hour.

WEDNESDAY, JULY 3, 2024

Pursuant to Internal Revenue Code 147f, the Corporation will hold a hearing at the offices of NYCEDC, 1 Liberty Plaza, 14th Floor, New York, NY 10006 on the proposed financings and transactions set forth above, commencing at 10:00 A.M. on Thursday, July 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 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: EqualAccess@edc.nyc, by: Wednesday, July 17, 2024, 5:00 P.M.

jy3

CITY COUNCIL
PUBLIC HEARINGS

NOTICE IS HEREBY GIVEN that the Council has scheduled the following public hearing on the matters indicated below:
The Subcommittee on Zoning and Franchises will hold a public hearing, accessible remotely and in person in City Hall Chambers, City Hall, New York, NY 10007, on the following matters commencing at 11:00 A.M. on July 9, 2024. The hearing will be live-streamed on the Councils website at https council.
nyc.gov/live/. Please visit https council.nyc.gov/land-use/ in advance for information about how to testify and how to submit written testimony.
BRONX METRO-NORTH STATION AREA STUDY
BRONX CBs 9, 10, 11

C 240015 ZMX

Application submitted by NYC Department of City Planning pursuant to Sections 197-c and 201 of the New York City Charter for an amendment of the Zoning Map, Section Nos. 4a & 4b.
To view the proposed map amendment, please refer to the Zoning Application Portal maintained by the Department of City Planning, which can be accessed at the following website: zap.planning.nyc.gov/
projects.
BRONX METRO-NORTH STATION AREA STUDY
BRONX CBs 9, 10, 11

N 240016 ZRX

Application submitted by New York City Department of City Planning, pursuant to Section 201 of the New York City Charter, for an amendment of the Zoning Resolution of the City of New York establishing the Special Eastchester East Tremont Corridor District Article XIV, Chapter 5, and modifying APPENDIX F for the purpose of establishing a Mandatory Inclusionary Housing area, APPENDIX I for the purpose of expanding an existing Transit Zone, and related Sections.

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/buildnyc-project-info.

To view the proposed text amendment, please refer to the Zoning Application Portal maintained by the Department of City Planning, which can be accessed at the following website: zap.planning.nyc.gov/
projects.

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.

For questions about accessibility and requests for additional accommodations, please contact swerts@council.nyc.gov or nbenjamin@council.nyc.gov or 212 788-6936 at least three 3
business days before the hearing.