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File #: Res 1093-2019    Version: * Name: Increase in the amount to be expended annually in five BIDs and one special assessment district.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 10/17/2019
Enactment date: Law number:
Title: Resolution concerning the increase in the annual expenditure for the Metrotech Area, 34th Street, Fifth Avenue, 14th Street-Union Square, and NoHo New York Business Improvement Districts, and the Fulton Mall Special Assessment District, and the setting of the date, time and place for the hearing of the local law increasing the annual expenditure for such districts.
Sponsors: Daniel Dromm
Council Member Sponsors: 1
Attachments: 1. Res. No. 1093, 2. Committee Report, 3. Hearing Transcript, 4. October 17, 2019 - Stated Meeting Agenda with Links to Files, 5. Hearing Transcript - Stated Meeting 10-17-19, 6. Minutes of the Stated Meeting - October 17, 2019
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
10/17/2019*Daniel Dromm City Council Approved, by CouncilPass Action details Meeting details Not available
10/17/2019*Daniel Dromm City Council Referred to Comm by Council  Action details Meeting details Not available
10/17/2019*Daniel Dromm City Council Introduced by Council  Action details Meeting details Not available
10/17/2019*Daniel Dromm Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
10/17/2019*Daniel Dromm Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available

Preconsidered Res. No. 1093

 

Resolution concerning the increase in the annual expenditure for the Metrotech Area, 34th Street, Fifth Avenue, 14th Street-Union Square, and NoHo New York Business Improvement Districts, and the Fulton Mall Special Assessment District, 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 Dromm

 

                     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 Metrotech Area, 34th Street, Fifth Avenue Association, 14th Street-Union Square, and NoHo New York Business Improvement Districts, and the Fulton Mall Special Assessment District 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, The five Business Improvement Districts and one Special Assessment District wish

to increase the amount to be expended annually beginning on July 1, 2019 as follows: Metrotech Area, $4,911,738; 34th Street, $13,000,000; Fifth Avenue Association, $6,414,000; 14th Street-Union Square, $4,200,000; NoHo New York, $800,000; and Fulton Mall, $3,006,750; 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 October 30, 2019 is the date and the City Council Committee Room, 2nd floor, City Hall, Manhattan is the place and 10 a.m. is the time for a public hearing (the “Public Hearing”) to hear all persons interested in the legislation, which would increase the amount to be expended annually in the five Business Improvement Districts and the one Special Assessment District; and be it further

                     Resolved, That on behalf of the City Council and pursuant to Section 25-410(b) of the BID  Law, the District Management Associations of the Metrotech Area, 34th Street, Fifth Avenue Association, 14th Street-Union Square, and NoHo New York Business Improvement Districts, and the Fulton Mall Special Assessment District, 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 five Business Improvement Districts and in the one Special Assessment District.