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Res 0515-2026passed

Resolution approving an exemption from real property taxes for property located at Block 1433, Lot 43, Brooklyn, pursuant to Section 577 of the Private Housing Finance Law (Preconsidered L.U. No. 82)

Jun 10, 2026

Date

Jun 10, 2026

Result

passed

Legislation

Res 0515-2026

Resolution approving an exemption from real property taxes for property located at Block 1433, Lot 43, Brooklyn, pursuant to Section 577 of the Private Housing Finance Law (Preconsidered L.U. No. 82)

Summary

The Council unanimously adopted LU 82, approving a real property tax exemption for a Brooklyn development in Community District 16.

What happened

The Council adopted a resolution to approve a real property tax exemption for a specific Brooklyn property located in Community District 16. This measure, which applies to Block 1433, Lot 43 under the Private Housing Finance Law, passed with unanimous support from the members present. The adoption of this resolution represents the final step in the Council's legislative process for this matter.

What it means

The Council's adoption of this resolution grants the requested real property tax exemption for the Brooklyn site under the Private Housing Finance Law. This final legislative approval completes the Council's review process, and the matter will now be sent to the Mayor for consideration.

AI-generated summary
50
Yea
0
Nay
0
Abstain
0
Present

How members voted

Yea · 50