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6S/16/2ee4 09:53 212-312: 316 NYC ECOtOvlIC F.4G[ 82<br />

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Meet<strong>in</strong>g <strong>of</strong> August 24, 2004 I I<br />

M.QlHA 1T AN BOROUGH B~ARD<br />

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RESOLUTION ;<br />

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WHEREAS. The Museum <strong>of</strong> Arts and Design. Inc. (or an affiliate there<strong>of</strong>)<br />

desires <strong>to</strong> acquire the Property <strong>in</strong> order <strong>to</strong> rehabilitate the build<strong>in</strong>g thereon for use as a<br />

museum;<br />

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WHEREAS. The Museum <strong>of</strong> Arts and Design,iJnc. plans <strong>to</strong> rehabilitate and use<br />

the Property <strong>in</strong> connection with its mission as a cultural ~nstitution;<br />

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WHEREAS, it is ce>l1templatedthat New York tity Economic Development<br />

Corporation ("EDC") will acquire title <strong>to</strong> the Property f~r conveyance <strong>to</strong> The Museum <strong>of</strong><br />

Arts and Design) Inc., or an:affiliated entity, pursuant t9 Section 384(b}4 <strong>of</strong> the City<br />

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By<br />

C. Virg<strong>in</strong>ia Fields<br />

Borough President<br />

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