Int. No. 1090
By Council Members Brannan and Louis
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 9 business improvement districts
Be it enacted by the Council as follows:
Section 1. Subdivision a of section 25-422.1 of the administrative code of the city of New York, as amended by local law number 235 for the year 2017, 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 Times Square business improvement district beginning on July 1, [2017] 2025, 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 [fourteen million three hundred forty-seven thousand two hundred ninety-three dollars ($14,347,293)] $17,200,000.
§ 2. Subdivision a of section 25-423.1 of the administrative code of the city of New York, as amended by local law number 209 for the year 2019, 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 34th Street business improvement district beginning on July 1, [2019] 2024, 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 [thirteen million dollars ($13,000,000)] $14,300,000.
§ 3. Subdivision a of section 25-453 of the administrative code of the city of New York, as amended by local law number 3 for the year 2013, 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 North Flatbush Avenue business improvement district beginning on July 1, [2012] 2025, 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 [two hundred thousand dollars ($200,000)] $350,000.
§ 4. Subdivision a of section 25-463.1 of the administrative code of the city of New York, as amended by local law number 89 for the year 2021, 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 Madison/23rd/Flatiron/Chelsea business improvement district beginning on July 1, [2021] 2025, 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 [six million dollars ($6,000,000)] $9,000,000.
§ 5. Subdivision a of section 25-474.1 of the administrative code of the city of New York, as amended by local law number 135 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 Bayside Village business improvement district beginning on July 1, [2016] 2025, 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 [two hundred thirty thousand dollars ($230,000)] $430,000.
§ 6. Subdivision a of section 25-478.1 of the administrative code of the city of New York, as added by local law number 29 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 Fulton Street business improvement district beginning on July 1, [2015] 2025, 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 [five hundred thousand dollars ($500,000)] $800,000.
§ 7. Subdivision a of section 25-479.2 of the administrative code of the city of New York, as added by local law number 36 for the year 2019, 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 Hudson Square business improvement district beginning on July 1, [2019] 2025, 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 million nine hundred thousand dollars ($3,900,000)] $5,850,000.
§ 8. Subdivision a of section 25-481.1 of the administrative code of the city of New York, as amended by local law number 235 for the year 2017, 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 Atlantic Avenue business improvement district beginning on July 1, [2016] 2025, 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 ninety thousand dollars ($390,000)] $637,000.
§ 9. Subdivision a of section 25-482.1 of the administrative code of the city of New York, as added by local law number 235 for the year 2017, 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 SoHo business improvement district beginning on July 1, [2017] 2025, 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 [nine hundred thousand dollars ($900,000)] $1,757,934.
§ 10. This local law takes effect July 1, 2025, except that section two of this local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2024.
#14876672v1
SR/TL/MY/NC
10/17/27 11:23 AM