NeuYorlt City Habitat for Rummy? NSF VOLUNTARY ACQUISITION . . Informational Notice - Issac Katz 849 Halsey LLC 100A Broadway #461 Brooklyn, NY 11211 July 19, 2010 Dear Mr. Katz; Habitat for Humanity New York City, Inc. is interested in acquiring property you own at 849 Halsey St, Brooklyn, NY for a proposed project which may receive funding assistance from the US. Department of Housing and Urban Development (HUD) under the Neighborhood Stabilization Program (NSF). Please be advised that Habitat for Humanity New York City, Inc. does not have authority to acquire your property by eminent domain. In the event we cannot reach an amicable agreement for the purchase of your property, we will not pursue this proposed acquisition. Under the NSF, we are required to purchase residential foreclosed properties (which may include certain residential properties in mortgage or tax default status that meet the NSP de?nition of ?foreclosed?) at a discount from their market appraised value. The subject property is a vacant, but not foreclosed property, and your asking price is $700,000 (seven hundred thousand dollars). We currently believe that the property?s market value $700,000. We are prepared to purchase your property; however, depending on the results of the appraisal, our written offer may differ from this amount. Please contact us at your convenience, if you are interested in selling your property. If your property is in default, but foreclosure have not been initiated/completed, and our offer is for less than the current balance of your mortgage we suggest that you seek legal counsel or guidance. We Cannot provide you with 111 John Street. 23rd Floor New York. NY 100384108 Tel. (212) 991-4000 Fax (212) 9916990 We cannot provide you with legal advice regarding any tax, credit, or de?ciency judgment consequences to you related to the sale. In accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA), owner-occupants who move as a result of a voluntary acquisition are not eligible for relocation assistance. A tenant~oecupsnt who moves as a result of a voluntary actinisition for a federally-assisted project may be eligible for relocation assistance as a displaced person. Such displaced persons may include not only current law?rl occupants, but also former tenants required to move for any reason other than an eviction for. cause in accordance with applicable federal, state, and local law. If your property is currently tenant-occupied or a tenant lawfully occupied your property within the past 3 months prior to our offer, we need to know immediately. Further, you should not order current occupant(s) to move, or fail to renew a lease, in order to sell the property to us as vacant. If you have any questions about this notice or the proposed project, please contact Leigh Roumila, Senior Project Manager NSPZ Habitat for Humanity New York City 111 John St New York, NY 10038 212 991 4000 x311 Sincerely, Senior Project Manager NSPZ This Notice of Voluntary Acquisition was personally given to Issac Katz, Principal of 849 Halsey, LLC, by Leigh Roumila, Senior Project Manager, Habitat for Humanity New York my 9, 2010. New York City Habitat for Humanity? NSP VOLUNTARY ACQUISITION Informational Notice Isaac Kata 786 Madison LLC 100A Broadway, Suite 461 Brooklyn, NY 11211 August 1, 2011 Dear Mr. Katz; Habitat for Humanity Bed?Stay Homes Housing Development Fund Corporation (?Bed Stuy Homes is interested in acquiring property at 786 Madison Street, Brooklyn, NY for a proposed project which may receive funding assistance from the US. Department of Housing and Urban Development under the Neighborhood Stabilization Program 2 Please be advised that Bed?Stuy Homes HDFC does not have authority to acquire your property by eminent domain. In the event we cannot reach an amicable agreement for the purchase of your property, we will not pursue this proposed acquisition. Under NSPZ, we are required to purchase residential foreclosed properties (which may include certain residential properties in mortgage or tax default status that meet the SP de?nition of ?foreclosed?) at a discount from their market appraised value. The subject property is a vacant, but not foreclosed property, and your asking price is $2,000,000 (two million dollars). We currently believe that the property?s market value following completion of the renovations will be $2,000,000. We are prepared to purchase your property; however, depending on the results of the appraisal, our written offer may differ from this amount. Please contact us at your convenience, if you are interested in selling your property. If your pmperty is in default, but foreclosrire proceedings have not been initiated/completed, and our offer is for less than the current balance of your mortgage loan(s), we suggest that you seek legal counsel or guidance. We cannot provide you with legal advice regarding any tax, credit, or deficiency judgment consequences to you related to the sale. 111 John Street, 23rd Floor New York. NY 100386109 Tel. (212) 991-4000 Fax (212) 991-3990 New York City Habitat for Humanity? In accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA), owner?occupants who move as a result of a voluntary acquisition are not eligible for relocation assistance. A tenant-occupant who moves as a result of a voluntary acquisition for a federally?assisted project may be eligible for relocation assistance as a displaced person. Such diaplaced persons may include not only current lawful occupants, but also former tenants required to move for any reason other than an eviction for cause in accordance with applicable federal, state, and local law. If your property is currently tenantoccupied or a tenant lawfully occupied your property within the past 3 months prior to our offer, we need to know immediately. Further, you should not order current occupant(s) to move, or fail to renew a lease, in order to sell the property to us as vacant. If you have any questions about this notice or the proposed project, please contact Bill Bogdon Habitat for Humanity New York City, Inc. 111 John St, 23'd Floor New York, NY 10038 212 991 4000 Sincerely, Rachel Hyman Chief Operating Of?cer This Notice of Voluntary Acquisition was sent to Isaac Katz, 786 Madison LLC, by Rachel Hyman, Chief Operating Officer, Habitat for Humanity New York City, Inc. on August 1, 2011. Roch Hynian Isaac 111 John Street, 23rd Floor New York. NY 10038~3109 Tel. (212) 991-4000 Fax (212) 9914990 New York City a Habitat for Humanin NSP VOLUNTARY ACQUISITION - Informational Notice - Isaac Katz 784 Madison LLC 100A Broadway, Suite 461 Brooklyn, NY 11211 August 1, 2011 Dear Mr. Katz; Habitat for Humanity Bed?Stuy Homes Housing Development Fund Corporation (?Bed Stuy Homes HDF is interested in acquiring property at 784 Madison Street, Brooklyn, NY for a proposed project which may receive funding assistance from the U.S. Department of Housing and Urban Development under the Neighborhood Stabilization Program 2 Please be advised that Bed-Stuy Homes HDFC does not have authority to acquire your property by eminent domain. In the event we cannot reach an amicable agreement for the purchase of your property, we will not pursue this proposed acquisition. Under NSPZ, we are required to purchase residential foreclosed properties (which may include certain residential properties in mortgage or tax default status that meet the NSP de?nition of ?foreclosed?) at a discount front their market appraised value. The subject property is a vacant, but not foreclosed property, and your asking price is $2,000,000 (two million dollars). We currently believe that the property?s market value following completion of the renovations will be $2,000,000. We are prepared to purchase your property; however, depending on the results of the appraisal, our written offer may differ from this amount. Please contact us at your convenience, if you are interested in selling your property. If your property is in default, but foreclosure proceedings have not been initiated/completed, and our offer is for less than the current balance of your mortgage loan(s), we suggest that you seek legal counsel or guidance. We cannot provide you with legal advice regarding any tax, credit, or deficiency judgment consequences to you related to the sale. 111 John Street, 23rd Floor New York. NY 10038-3t09 Tel. (212) 9914000 Fax (212) 991-3990 New York City ?3 ?17? Habitat for Humanity? In accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA), owncr~occupants who move as a result of a voluntary acquisition are not eligible for relocation assistance. A who moves as a result of a voluntary acquisition for a federally-assisted project may be eligible for relocation assistance as a displaced person. Such displaced persons may include not only current lawful occupants, but also former tenants required to move for any reason other than an eviction for cause in accordance with applicable federal, state, and local law. If your property is currently tenant?occupied or a tenant lawfully occupied your property within the past 3 months prior to our offer, we need to know immediately. Further, you should not order current occupant(s) to move, or fail to renew a lease, in order to sell the property to us as vacant. If you have any questions about this notice or the proposed project, please contact Bill Bogdon Habitat for Humanity New York City, inc. 111 John St, 23rd Floor New York, NY 10038 212 991 4000 Sincerely, [?30441 x47 Rachel Hyman Chief Operating Of?cer This Notice of Voluntary Acquisition was sent to Isaac Katz. 784 Madison LLC, by Rachel Hyman, Chief Operating Of?cer, Habitat for Humanity New York City. inc. on August 1, 2011. Rac Hyman Iowan g/ 6/ 111 John Street, 23rd Floor New York, NY 100384109 Tel. (212) 991-4000 Fax (212) 991?3990