The New York City Council - File #: Int 2136-2020

• File #: Int 2136-2020
• Version: *
• Name: Authorizing an increase in the amount to be expended annually in two business improvement districts.
• Type: Introduction
• Status: Enacted
• Committee: Committee on Finance
• On agenda: 10/29/2020
• Enactment date: 12/20/2020
• Law number: 2020/125
• Title: A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in two business improvement districts
• Sponsors: Daniel Dromm , Farah N. Louis, (by request of the Mayor)
• Council Member Sponsors: 2
• Summary: This bill would authorize the Bryant Park business improvement district to increase the amount it expends annually from $1,600,000 to $2,500,000 and would authorize the Flatbush-Nostrand Junction business improvement district to increase the amount it expends annually from $200,000 to $350,000, in both cases retroactive to July 1, 2020.

Date	Ver.	Prime Sponsor	Action By	Action	Result
12/21/2020	*	Daniel Dromm	City Council	Returned Unsigned by Mayor
12/20/2020	*	Daniel Dromm	Administration	City Charter Rule Adopted
11/19/2020	*	Daniel Dromm	City Council	Sent to Mayor by Council
11/19/2020	*	Daniel Dromm	City Council	Approved by Council	Pass
11/19/2020	*	Daniel Dromm	Committee on Finance	Hearing Held by Committee
11/19/2020	*	Daniel Dromm	Committee on Finance	Approved by Committee	Pass
10/29/2020	*	Daniel Dromm	City Council	Referred to Comm by Council
10/29/2020	*	Daniel Dromm	City Council	Introduced by Council

Int. No. 2136

By Council Members Dromm and Louis (by request of the Mayor)

A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in two business improvement districts

Be it enacted by the Council as follows:

Section 1. Subdivision a of section 25-441 of the administrative code of the city of New York, as amended by local law number 17 for the year 2016, is amended to read as follows:

a. The city council having determined, pursuant to subdivision b of section 25-410 of chapter four of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Bryant Park business improvement district beginning on July 1, [2015] 2020, and the council having determined further that the tax and debt limits prescribed in section 25-412 of chapter four of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [one million six hundred thousand dollars ($1,600,000)] two million five hundred thousand dollars ($2,500,000).

§ 2. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-470.1 to read as follows:

§ 25-470.1 Flatbush-Nostrand Junction business improvement district; increase in the amount to be expended annually. a. The city council having determined, pursuant to subdivision b of section 25-410 of chapter four of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Flatbush-Nostrand Junction business improvement district beginning on July 1, 2020, and the council having determined further that the tax and debt limits prescribed in section 25-412 of chapter four of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of three hundred fifty thousand dollars ($350,000).

b. The amount of such expenditure to be levied upon each property in the district shall be determined in accordance with the method of assessment set forth in the Flatbush-Nostrand Junction business improvement district plan.

§ 3. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2020.