The New York City Council - File #: Int 0789-2022

• File #: Int 0789-2022
• 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: 10/27/2022
• Enactment date: 12/23/2022
• Law number: 2022/126
• 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: Justin L. Brannan, Farah N. Louis, Kristin Richardson Jordan, Diana I. Ayala, (by request of the Mayor)
• Council Member Sponsors: 4

Date	Ver.	Prime Sponsor	Action By	Action	Result
12/27/2022	*	Justin L. Brannan	City Council	Returned Unsigned by Mayor
12/23/2022	*	Justin L. Brannan	Administration	City Charter Rule Adopted
11/22/2022	*	Justin L. Brannan	City Council	Sent to Mayor by Council
11/22/2022	*	Justin L. Brannan	City Council	Approved by Council	Pass
11/22/2022	*	Justin L. Brannan	Committee on Finance	Hearing Held by Committee
11/22/2022	*	Justin L. Brannan	Committee on Finance	Approved by Committee	Pass
10/27/2022	*	Justin L. Brannan	City Council	Referred to Comm by Council
10/27/2022	*	Justin L. Brannan	City Council	Introduced by Council

Int. No. 789

By Council Members Brannan, Louis, Richardson Jordan and Ayala (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 25-437.1 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 125th Street 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 two hundred forty thousand four hundred sixty-two dollars ($1,240,462)] one million six hundred eighty-seven thousand twenty-eight dollars ($1,687,028).

§ 2. Subdivision a of section 25-469.1 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 DUMBO business improvement district beginning on July 1,  [2017] 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 two hundred fifty thousand dollars ($1,250,000)] two million five hundred thousand dollars ($2,500,000).

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