Res. No. 666
Resolution concerning authorizing an increase in the amount to be expended annually in eight business improvement districts and the setting of the date, time and place for the hearing of the local law increasing the annual expenditure for such districts.
By Council Member Linda Lee
WHEREAS, pursuant to Chapter 4 of Title 25 of the Administrative Code of the City of New York or the predecessor of such Chapter (the "BID Law"), the City established the 34th Street, 82nd Street, East Mid-Manhattan, Myrtle Avenue Brooklyn, Bay Ridge 5th Avenue, Southern Boulevard, Greater JFK, and West Village Business Improvement Districts in the City of New York; and
WHEREAS, pursuant to Local Law No. 82 for the year 1990, the City Council assumed responsibility for adopting legislation relating to Business Improvement Districts; and
WHEREAS, pursuant to Section 25-410(b) of the BID Law, an increase in the amount to be expended annually may be adopted by local law, provided that the City Council determines, after a public hearing, that it is in the public interest to authorize the increase and that the tax and debt limits prescribed in Section 25-412 of the BID Law will not be exceeded; and
WHEREAS, eight Business Improvement Districts wish to increase the amount to be expended annually beginning on July 1, 2027 as follows: the 34th Street Business Improvement District, $16,300,000; 82nd Street Business Improvement District, $354,450; East Mid-Manhattan Business Improvement District, $6,000,000; Myrtle Avenue Brooklyn Business Improvement District, $775,000; Bay Ridge 5th Avenue Business Improvement District, $600,000; Southern Boulevard Business Improvement District, $600,000; Greater JFK Business Improvement District, $800,000; and the West Village Business Improvement District, $1,400,000; and
WHEREAS, pursuant to Section 25-410(b) of the BID Law, the City Council is required to give notice of the public hearing by publication of a notice in at least one newspaper having general circulation in the districts specifying the time when and the place where the hearing will be held and stating the proposed amount to be expended annually; now, therefore, be it
RESOLVED, that the Council of the City of New York, pursuant to Section 25-410(b) of the BID Law, hereby directs that:
(i) ____________ is the date and the City Council Committee Room, 2nd Floor, City Hall-- is the place and _______ is the time for a public hearing (the “Public Hearing”) to hear all persons interested in the legislation that would increase the amount to be expended annually in the eight Business Improvement Districts; and
(ii) on behalf of the City Council and pursuant to Section 25-410(b) of the BID Law, the District Management Associations of the 34th Street, 82nd Street, East Mid-Manhattan, Myrtle Avenue Brooklyn, Bay Ridge 5th Avenue, Southern Boulevard, Greater JFK, and West Village Business Improvement Districts are hereby authorized to publish in a newspaper of general circulation in each district, not less than ten (10) days prior to the Public Hearing, a notice stating the time and place of the Public Hearing and setting forth the proposed increase in the amount to be expended annually in each of the eight Business Improvement Districts.