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                                   Before the

                       Federal Communications Commission

                             Washington, D.C. 20554


                                     )                                
                                                                      
                                     )                                
     In the Matter of                    File No.: EB-09-NY-0301      
                                     )                                
     Luna Park Housing Corporation       NAL/Acct. No.: 201032380004  
                                     )                                
     Brooklyn, New York                  FRN: 0009 1764 96            
                                     )                                
                                                                      
                                     )                                


                                     ORDER

   Adopted: December 21, 2010 Released: December 22, 2010

   By the Regional Director, Northeast Region, Enforcement Bureau:

    1. In this Order, we adopt the attached Consent Decree entered into
       between the Enforcement Bureau ("Bureau") of the Federal
       Communications Commission ("FCC" or "Commission") and Luna Park
       Housing Corporation ("Luna Park"). The Consent Decree terminates an
       investigation by the Bureau against Luna Park related to the operation
       of an unlicensed broadcast station on 99.9 MHz in Brooklyn, New York,
       in violation of section 301 of the Communications Act of 1934, as
       amended ("Act").

    2. The Bureau and Luna Park have negotiated the terms of the Consent
       Decree that resolve this matter. A copy of the Consent Decree is
       attached hereto and incorporated by reference.

    3. After reviewing the terms of the Consent Decree and evaluating the
       facts before us, we find that the public interest would be served by
       adopting the Consent Decree and terminating the investigation without
       imposing a forfeiture.

    4. In the absence of material new evidence relating to this matter, we
       conclude that our investigation raises no substantial or material
       questions of fact as to whether Luna Park  possesses the basic
       qualifications, including those related to character, to hold or
       obtain any Commission license or authorization.

    5. Accordingly, IT IS ORDERED that, pursuant to sections 4(i) and 503(b)
       of the Communications Act of 1934, as amended, and sections 0.111 and
       0.311 of the Commission's rules, the Consent Decree attached to this
       Order IS ADOPTED.

    6. IT IS FURTHER ORDERED that the above-captioned investigation IS
       TERMINATED and the proposed forfeiture in the Notice of Apparent
       Liability for Forfeiture issued on January 8, 2010 against Luna Park
       WILL NOT BE IMPOSED.

   7. IT IS FURTHER ORDERED that a copy of this Order and Consent Decree
   shall be sent by first class and certified mail, return receipt requested,
   to counsel for Luna Park, Adam Leitman Bailey and Leonard H. Ritz, Adam
   Leitman Bailey, P.C., 120 Broadway, 17th Floor, New York, New York 10271.

   FEDERAL COMMUNICATIONS COMMISSION

   G. Michael Moffitt

   Regional Director, Northeast Region

   Enforcement Bureau

                                   Before the

                       Federal Communications Commission

                             Washington, D.C. 20554


                                     )                                
                                                                      
                                     )                                
     In the Matter of                    File No.: EB-09-NY-0301      
                                     )                                
     Luna Park Housing Corporation       NAL/Acct. No.: 201032380004  
                                     )                                
     Brooklyn, New York                  FRN: 0009 1764 96            
                                     )                                
                                                                      
                                     )                                


                                 CONSENT DECREE

   1. The Enforcement Bureau ("Bureau") and Luna Park Housing Corporation
   ("Luna Park"), by their authorized representatives, hereby enter into this
   Consent Decree for the purpose of terminating the Bureau's investigation
   into Luna Park's apparent violation of section 301 of the Communications
   Act of 1934, as amended ("Act"), relating to the operation of an
   unlicensed radio station on the frequency 99.9 MHz at 2814 West 8th Street
   in Brooklyn, New York.

   I. DEFINITIONS

    1. For the purposes of this Consent Decree, the following definitions
       shall apply:

    a. "Act" means the Communications Act of 1934, as amended, 47 U.S.C.
       S: 151 et seq.

    b. "Bureau" means the Enforcement Bureau of the Federal Communications
       Commission.

    c. "Commission" and "FCC" mean the Federal Communications Commission and
       all of its bureaus and offices.

    d. "Compliance Plan" means the program described in this Consent Decree
       at paragraph 8.

    e. "Effective Date" means the date on which the Commission releases the
       Adopting Order.

    f. "Investigation" means the investigation initiated on October 12, 2009,
       and continued on October 13, 2009, regarding Luna Park's apparent
       violation of section 301 of the Act relating to the operation of an
       unlicensed radio station on the frequency 99.9 MHz at 2814 West 8th
       Street in Brooklyn, New York.

    g. "Luna Park" means Luna Park Housing Corporation and its
       predecessors-in-interest and successors-in-interest.

    h. "NAL" means the Notice of Apparent Liability for Forfeiture issued
       against Luna Park on January 8, 2010.

    i. "Order" or "Adopting Order" means an Order of the Commission adopting
       the terms of this Consent Decree without change, addition, deletion,
       or modification.

    j. "Parties" means Luna Park and the Bureau, and each a "Party."

    k. "Rules" means the Commission's regulations found in Title 47 of the
       Federal Regulations.

   II. BACKGROUND

    2. Section 301 of the Act states that no person shall use or operate any
       apparatus for the transmission of energy or communications or signals
       by radio within the United States except under and in accordance with
       the Act and with a license granted under the provisions of the Act.
       Section 3(33) of the Act defines "communications by radio" as "the
       transmission by radio of writing, signs, signals, pictures, and sounds
       of all kinds, including all instrumentalities, facilities, apparatus,
       and services (among other things the receipt, forwarding, and delivery
       of communications) incidental to such transmission."

    3. On January 8, 2010, the New York Office of the Bureau's Northeast
       Region issued a NAL proposing that Luna Park be held liable for a
       forfeiture of $10,000 under section 503(b)(1)(B) of the Act for
       apparent violations arising from the operation of an unlicensed radio
       station on the frequency 99.9 MHz at 2814 West 8th Street in Brooklyn,
       New York.

   III. TERMS OF AGREEMENT

    4. Adopting Order. The Parties agree that the provisions of this Consent
       Decree shall be subject to final approval by the Bureau by
       incorporation of such provisions by reference in the Adopting Order
       without change, addition, modification, or deletion.

    5. Jurisdiction. Luna Park agrees that the Commission has jurisdiction
       over it and the matters contained in this Consent Decree and has the
       authority to enter into and adopt this Consent Decree.

    6. Effective Date; Violations. The Parties agree that this Consent Decree
       shall become effective on the Effective Date. Upon release, the
       Adopting Order and this Consent Decree shall have the same force and
       effect as any other Order of the Bureau. Any violation of the Adopting
       Order or of the terms of this Consent Decree shall constitute a
       separate violation of a Bureau Order, entitling the Bureau to exercise
       any rights and remedies attendant to the enforcement of a Commission
       Order.

    7. Termination of Investigation. In express reliance on the covenants and
       representations in this Consent Decree and to avoid further
       expenditure of public resources, the Bureau agrees to terminate its
       investigation without imposing the forfeiture proposed in the NAL. In
       consideration for the termination of said investigation, Luna Park
       agrees to the terms, conditions, and procedures contained herein. The
       Bureau further agrees that in the absence of new material evidence,
       the Bureau will not use the facts developed in this investigation
       through the Effective Date, or the existence of this Consent Decree to
       institute on its own motion, any new proceeding, formal or informal,
       or take any action on its own motion against Luna Park concerning the
       matters that were the subject of the investigation. The Bureau also
       agrees that in the absence of new material evidence, it will not use
       the facts developed in this investigation through the Effective Date,
       or the existence of this Consent Decree, to institute on its own
       motion any proceeding, formal or informal, or take any action on its
       own motion against Luna Park with respect to Luna Park's basic
       qualifications, including its character qualifications, to be a
       Commission licensee or hold Commission authorizations.

    8. Compliance Plan. For purposes of settling the matters set forth
       herein,  Luna Park  agrees to create and implement within thirty (30)
       calendar days (unless stated otherwise) after the Effective Date a
       Compliance Plan related to future compliance with the Act, the
       Commission's Rules, and the Commission's Orders, and to establish
       operating procedures in compliance with the terms and conditions of
       this Consent Decree. The Compliance Plan will consist of the following
       components:

    a. Compliance Officer. Luna Park will designate a Compliance Officer with
       central responsibility for overseeing Luna Park's compliance with the
       Compliance Plan and with the Act, the Commission's Rules, and the
       Commission's Orders.

    b. Compliance Letter.  Luna Park will send a letter to all
       tenant-shareholders of Luna Park warning them that operation of
       unlicensed radio stations is illegal and will not be permitted within
       any Luna Park building.

    c. Compliance Notification. Effective immediately, Luna Park will not
       permit unlicensed radio stations to operate from any location within
       any portion of a building or on a rooftop that is under the express
       control of Luna Park. In the event that Luna Park becomes aware of any
       unlicensed radio stations operating from its buildings, Luna Park will
       notify the FCC within twenty-four (24) hours of becoming aware of such
       unlicensed operation and will provide all known information about the
       operator. The foregoing shall not be deemed to impose any obligation
       whatsoever on Luna Park to conduct any investigations or inspections
       to discover unlicensed radio station operations.

    d. Compliance Reports. Luna Park will file a Compliance Report with the
       Commission twelve (12) months and twenty-four (24) months after the
       Effective Date. The Compliance Report shall include a certification by
       the Compliance Officer as an agent of and on behalf of Luna Park,
       stating that the Compliance Officer has personal knowledge that Luna
       Park (i) established operating procedures in compliance with the terms
       and conditions of this Consent Decree and with section 301 of the Act,
       together with an accompanying statement explaining the basis for the
       Compliance Officer's certification; (ii) has been utilizing those
       procedures during the term of the agreement; and (iii) is not aware of
       any instances of non-compliance. The certification must comply with
       section 1.16 of the Rules and be subscribed to as true under penalty
       of perjury in substantially the form set forth therein. If the
       Compliance Officer cannot provide the requisite certification, the
       Compliance Officer, as an agent of and on behalf of Luna Park, shall
       provide the Commission with a detailed explanation of: (i) any
       instances of non-compliance with this Consent Decree, the Act, or the
       Rules,  and (ii) the steps that Luna Park has taken or will take to
       remedy each instance of non-compliance and ensure future compliance,
       and the schedule on which proposed remedial actions will be taken. All
       Compliance Reports shall be submitted to Sharon Webber, Regional
       Counsel, Northeast Region, Enforcement Bureau, Federal Communications
       Commission, Philadelphia Office, One Oxford Valley Office Building,
       Room 404, 2300 East Lincoln Highway, Langhorne, PA 19047. All
       Compliance Reports shall also be submitted electronically to
       NER-Response@fcc.gov.

    9. Termination Date. Unless stated otherwise,  the requirements of this
       Consent Decree will expire twenty-four (24) months after the Effective
       Date.

   10. Voluntary Contribution. Luna Park agrees that it will make a voluntary
       contribution to the United States Treasury in the amount of four
       hundred dollars ($400). The payment will be made within thirty (30)
       calendars days after the Effective Date. The payment must be made by
       credit card, check or similar instrument, payable to the order of the
       Federal Communications Commission. The payment must include the
       NAL/Account Number and FRN Number referenced in the caption to the
       Adopting Order. Payment by check or money order may be mailed to
       Federal Communications Commission, P.O. Box 979088, St. Louis, MO
       63197-9000. Payment by overnight mail may be sent to U.S. Bank -
       Government Lockbox #979088, SL-MO-C2-GL, 1005 Convention Plaza, St.
       Louis, MO 63101. Payment[s] by wire transfer may be made to ABA Number
       021030004, receiving bank TREAS/NYC, and account number 27000001. For
       payment by credit card, an FCC Form 159 (Remittance Advice) must be
       submitted.  When completing the FCC Form 159, enter the NAL/Account
       number in block number 23A (call sign/other ID), and enter the letters
       "FORF" in block number 24A (payment type code). Luna Park will also
       send electronic notification on the date said payment is made to
       NER-Response@fcc.gov.

   11. Waivers. Luna Park waives any and all rights it may have to seek
       administrative or judicial reconsideration, review, appeal or stay, or
       to otherwise challenge or contest the validity of this Consent Decree
       and the Order adopting this Consent Decree, provided the Commission
       issues an Order adopting the Consent Decree without change, addition,
       modification, or deletion. Luna Park shall retain the right to
       challenge Commission interpretation of the Consent Decree or any terms
       contained herein. If either Party (or the United States on behalf of
       the Commission) brings a judicial action to enforce the terms of the
       Adopting Order, neither Luna Park nor the Commission shall contest the
       validity of the Consent Decree or the Adopting Order, and Luna Park
       shall waive any statutory right to a trial de novo. Luna Park hereby
       agrees to waive any claims it may otherwise have under the Equal
       Access to Justice Act, 5 U.S.C. S: 504 and 47 C.F.R. S: 1.1501 et
       seq., relating to the matters addressed in this Consent Decree.

   12. Severability. The Parties agree that if any of the provisions of the
       Adopting Order or the Consent Decree shall be invalid or
       unenforceable, such invalidity or unenforceability shall not
       invalidate or render unenforceable the entire Adopting Order or
       Consent Decree, but rather the entire Adopting Order or Consent Decree
       shall be construed as if not containing the particular invalid or
       unenforceable provision or provisions, and the rights and obligations
       of the Parties shall be construed and enforced accordingly. In the
       event that this Consent Decree in its entirety is rendered invalid by
       any court of competent jurisdiction, it shall become null and void and
       may not be used in any manner in any legal proceeding.

   13. Subsequent Rule or Order. The Parties agree that if any provision of
       the Consent Decree conflicts with any subsequent rule or Order adopted
       by the Commission (except an Order specifically intended to revise the
       terms of this Consent Decree to which Luna Park does not expressly
       consent) that provision will be superseded by such Commission rule or
       Order.

   14. Successors and Assigns. Luna Park agrees that the provisions of this
       Consent Decree shall be binding on its successors, assigns, and
       transferees.

   15. Final Settlement. The Parties agree and acknowledge that this Consent
       Decree shall constitute a final settlement between the Parties. The
       Parties further agree that this Consent Decree does not constitute
       either an adjudication on the merits or a factual or legal finding or
       determination regarding any compliance or noncompliance with the
       requirements of the Act or the Commission's Rules and Orders.

   16. Modifications. This Consent Decree cannot be modified without the
       advance written consent of both Parties.

   17. Paragraph Headings. The headings of the Paragraphs in this Consent
       Decree are inserted for convenience only and are not intended to
       affect the meaning or interpretation of this Consent Decree.

   18. Authorized Representative. Each party represents and warrants to the
       other that it has full power and authority to enter into this Consent
       Decree.

   19. Counterparts. This Consent Decree may be signed in any number of
       counterparts (including by facsimile), each of which, when executed
       and delivered, shall be an original, and all of which counterparts
       together shall constitute one and the same fully executed instrument.


     ________________________________      
                                           
     G. Michael Moffitt                    
                                           
     Regional Director, Northeast Region   
                                           
     Enforcement Bureau                    
                                           
     ________________________________      
                                           
     Date                                  
                                           
     ________________________________      
                                           
     Keith Murphy                          
                                           
     President                             
                                           
     Luna Park Housing Corporation         
                                           
     ________________________________      
                                           
     Date                                  


   47 U.S.C. S: 301.

   47 U.S.C. S:S: 154(i), 503(b).

   47 C.F.R. S:S: 0.111, 0.311.

   47 U.S.C. S: 301.

   Notice of Apparent Liability for Forfeiture, NAL/Acct. No. 201032380004
   (Enf. Bur., New York Office, January 8, 2010).

   47 U.S.C. S: 301.

   47 U.S.C. S: 153(33).

   This notification will be made by electronic mail and by facsimile to the
   following person: Sharon Webber, Regional Counsel, Northeast Region,
   Enforcement Bureau, Federal Communications Commission, (215) 741-3016;
   NER-Response@fcc.gov.

   Federal Communications Commission DA 10-2389

                                       2

   Federal Communications Commission DA 10-2389

   Federal Communications Commission DA 10-2389

   Federal Communications Commission DA 10-2389