Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: To grant a long term tax abatement to FAIRVIEW HOMES PRESERVATION, L.P. under the HMFA law for renovation of twelve three story apartment buildings with 135 residential units, and an additional unit for maintenance. Entity Name: FAIRVIEW HOMES PRESERVATION, L.P. Entity Address: 60 Columbus Circle, New York, NY 10023 Abatement Period: 30 years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 70-96 17th Avenue aka 368-408 Hunterdon Street/ Block 2547/Lot 1/Central Ward Additional Information: The requested PILOT formula is based on 6.28% of gross revenues.