File #: Int 0655-2022    Version: Name: Authorizing an increase in the amount to be expended annually in three business improvement districts.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 9/14/2022
Enactment date: 11/12/2022 Law number: 2022/107
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 three business improvement districts.
Sponsors: Justin L. Brannan, Lincoln Restler, (by request of the Mayor)
Council Member Sponsors: 2
Summary: This bill would authorize three existing business improvement districts throughout the City to increase the amount they expend annually as follows: Fifth Avenue Association, $8,054,663; Columbus/Amsterdam, $650,000; and Court-Livingston- Schermerhorn, $1,800,000.
Attachments: 1. Summary of Int. No. 655-A, 2. Int. No. 655, 3. Memorandum of Support, 4. September 14, 2022 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 9-14-22, 6. Proposed Int. No. 655-A - 10/10/22, 7. Committee Report 10/12/22, 8. Hearing Testimony 10/12/22, 9. Hearing Transcript 10/12/22, 10. October 12, 2022 - Stated Meeting Agenda, 11. Hearing Transcript - Stated Meeting 10-12-22, 12. Int. No. 655-A (FINAL), 13. Fiscal Impact Statement, 14. Legislative Documents - Letter to the Mayor, 15. Minutes of the Stated Meeting - September 14, 2022
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
11/12/2022AJustin L. Brannan Administration City Charter Rule Adopted  Action details Meeting details Not available
11/10/2022AJustin L. Brannan City Council Returned Unsigned by Mayor  Action details Meeting details Not available
10/12/2022AJustin L. Brannan City Council Sent to Mayor by Council  Action details Meeting details Not available
10/12/2022AJustin L. Brannan City Council Approved by CouncilPass Action details Meeting details Not available
10/12/2022*Justin L. Brannan Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
10/12/2022*Justin L. Brannan Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
10/12/2022*Justin L. Brannan Committee on Finance Amended by Committee  Action details Meeting details Not available
10/12/2022AJustin L. Brannan Committee on Finance Approved by CommitteePass Action details Meeting details Not available
9/14/2022*Justin L. Brannan City Council Referred to Comm by Council  Action details Meeting details Not available
9/14/2022*Justin L. Brannan City Council Introduced by Council  Action details Meeting details Not available

Int. No. 655-A

 

By Council Members Brannan and Restler (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 three business improvement districts.

 

Be it enacted by the Council as follows:

Section 1. Subdivision a of section 25-431.1 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 Fifth Avenue Association business improvement district beginning on July 1, [2019] 2022, 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 four hundred fourteen thousand dollars ($6,414,000)] eight million fifty-four thousand six hundred sixty-three dollars ($8,054,663).

§ 2. Subdivision a of section 25-461 of the administrative code of the city of New York, as amended by local law number 3 for the year 2015, 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 Columbus/Amsterdam business improvement district beginning on July 1,  [2014] 2022, 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 ($350,00)] six hundred fifty thousand dollars ($650,000).

§ 3. Subdivision a of section 25-472.1 of the administrative code of the city of New York, as amended by local law number 223 for the year 2018, 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 Court-Livingston-Schermerhorn business improvement district beginning on July 1, [2018] 2022, 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 four hundred thousand dollars ($1,400,000)] one million eight hundred thousand dollars ($1,800,000).

§ 4. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2022.