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The text of the resolution should be:
Resolution approving an Urban Development Action Area Project; waiving the urban development action area designation requirement and the Uniform Land Use Review Procedure pursuant to Article 16 of New York General Municipal Law; and granting a tax exemption pursuant to Section 577 of the Private Housing Finance Law for property located at 62 West Tremont Avenue (Block 2862, Lot 8), Borough of the Bronx (L.U. No. 229; 20155571 HAX).