Resolution approving the application submitted by the New York City Department of Housing Preservation and Development and the decision of the City Planning Commission, ULURP No. C 260071 HAM, approving the designation of an Urban Development Action Area, an Urban Development Action Area Project, and the disposition of city-owned property located at 1727 Amsterdam Avenue (Block 2060, Lot 1), Borough of Manhattan, Community District 9, to a developer selected by HPD (L.U. No. 35; C 260071 HAM).