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cba

cba

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Published by Scott Eidler

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Published by: Scott Eidler on Feb 29, 2012
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03/11/2012

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COMMUNITYBENEFITisAGREEMENT
ThisCommunityBenefitsAgreement(thf"Agreement")datedasofJune
');J_,
2005isenteredintobyandamongAtlanticYar~sDevelopmentCo.LLC,aNewYork
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I
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limitedliabilitycompany,havinganofficeatc10ForestCityRatnerCompanies,One
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MetrotechCenterNorth,Brooklyn,NewYork11201(the"ProjectDeveloper");
,,
BrooklynArenaLLC,aNewYorklimitedliabilitycompany,havinganofficeatc/oForestCityRatnerCompanies,OneMetrotechCenterNorth,Brooklyn,NewYork11201
I
,
(the"ArenaDeveloper";collectively,theArena]DeveloperandtheProjectDeveloper,
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"Developers"),andthefollowingentitiesalso!listedonSchedule
1
attachedhereto(collectively,the"Coalition"):All-FaithCouncilofBrooklyn(APCB);AssociationofCommunityOrganizationsforReformNow(ACORN);BrooklynUnitedforInnovativeLocalDevelopment(BUILD);
:
DowntownBrooklynNeighborhoodAlliarice(DBNA);DowntownBrooklynEducationalConsortium(DBEC);FirstAtlanticTerminalHousingCommittee(FATHC);
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NewYorkStateAssociationofMinorityContractors(NYSAMC);and
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PublicHousingCommunities(PHC)WITNESS
B
TH:
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Whereas,theArenaDeveloperintendsto!constructasportsarenaforthefuture
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homeoftheNBAfranchisenowknownasNewiJerseyNets("Arena"),andtheProject
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Developerintendstoconstructoffice,residentialandretailbuildings(collectively,the
 
"Project"),allonthepropertylocatedinBrooklyn,NewYorkasmoreparticularlyshown
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onExhibitAattachedhereto;and
,
Whereas,theCoalitionandtheDevelopersseektomaximizethebenefitsofthe
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!
ProjecttoresidentsofBrooklyn,aswella~minorityandwomenconstruction,
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professionalandoperationalworkersandbusi1essownersandtherebytoencourage
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systemicchangesinthetraditionalwaysofdoingbusinessonlargeurbandevelopment
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projects;andWhereas,pursuanttothisAgreementtheCoalitionandtheDeveloperswill
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establishacomprehensiveplanofjobtrainingprograms,hiringinitiatives,affordable
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housingandcommunityfacilitiesattheProjectandwithintheCommunityforagreeduponmutualbenefits;andWhereas,pursuanttothisAgreementthetoalitionandtheArenaDeveloperwill
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seektomaketheArenaanintegralpartofthe
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CommunitybyprovidingCommunity
!
relatedactivitiesandfacilities.Now,Therefore,forandinconsiderationdfmutualpromiseshereincontained,the
,
partiesagreeasfollows:
I.
DEFINITIONS.
AsusedinthisAgreement,thefollowingcapitalizedtermsshallhavethefollowingmeanings,unlessotherwisenoted,Alldefinitionsincludeboththesingularandpluralform."Affiliate"means:(a)anypersonthatconrols,iscontrolledbyorundercommoncontrolwithForestCityRatnerCompanies,and~b)anypersonthatowns,constructsor2
 
managesanybuildingintheProject,ofwhichDeveloperoroneofitsAffiliatesas
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definedinclause(a)isageneralpartnerormana*ingmember.
,I
"AffordableHousing"means:housingtorvarioustiersoflow,moderateand
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,
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middle-incomefamiliesasmoreparticularlydescribedinSectionVIhereof."AMI"means:areamedianincomefo~theNewYorkprimarymetropolitan
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statisticalareaasdeterminedbytheUnitedSt~~esDepartmentofHousingandUrbanDevelopmentfromtimetotimeforahousehold
of
agivensize."Contractor"means:aprimecontractor,sabcontractor,oranyotherconstruction
,,
businessenteringintoacontractrelatedtotheco~structionoftheArenaortheProject.
,
"Community"means:theboroughofBrooklyn,NewYorkCity,inclusiveofthe
,
NeighboringCommunityandSurroundingCommunity,ashereindefined."DevelopmentPhases"means:eachphaseoftheProject,includingtheArena,to
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beconstructedbytheProjectDeveloperandAre~aDeveloperasshownonthePhasingMapattachedasExhibitBhereto,asmodifiedin~ccordancewithSectionIII,PartH.
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"Low-IncomeIndividual"means:anindividualearning,togetherwiththeother
,
membersofsuchindividual'shousehold,lessthan50%oftheAMIforsuchindividual's
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householdsize.
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"Minority"means:AUnitedStatescitizenorpermanentresidentalienwhocandemonstratemembershipinoneofthefollowinggroups:
I,
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BlackpersonshavingoriginsinanyoftheBlackAfricanorCaribbeanracialgroups;3

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