Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Committee on Finance Agenda status: Final
Meeting date/time: 1/14/2025 10:00 AM Minutes status: Draft  
Meeting location: Committee Room - City Hall
Published agenda: Agenda Agenda Published minutes: Not available  
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Int 0782-2024 *Sandy Nurse Proposed Int. No. 782-AOutreach to property owners subject to municipal property taxes.IntroductionThis bill would require the Department of Finance (Department) to send owners of residential real property, with their statement of account, detailed information on the availability of certain exemptions from real property tax or payments in lieu of taxes (PILOT) to the Battery Park City Authority, for which that owner may be eligible. Such notices shall include information, at minimum, for the SCRIE, DRIE, Veterans’, and cooperative/condominium exemptions, along with any other exemption the Department includes at their discretion. The bill would also require the Department to notify each owner of residential real property in the city about how they can register in the Automated City Register Information System (ACRIS) database, or successor database, such that they can receive notices when deeds, mortgages, or related documents affecting their ownership interest have been recorded against their property. The bill would also permit a person eligible for such exemptions to designate an adult third party who may receive these notices on their behalf, with the consent of the third party. The bill would also require the Department to send a reminder notice to such owners who have not submitted renewal applications for such eligible exemptions. The notice must include information on qualifications and filing deadlines, and be accessible in the ten designated citywide languages as well as Braille or via audio.   Not available Not available
Int 0783-2024 *Sandy Nurse  Public recording of tax liens.IntroductionThis bill would amend existing law to require the Department of Finance to record tax liens on property in the city in the ACRIS database once the lawful debt on such property exceeds $5,000 past due for a period of three or more years.   Not available Not available
Int 0889-2024 *Crystal Hudson  Providing notification to council members of the recording of certain real estate instruments.IntroductionThis bill would require that the system maintained by Department of Finance to provide notification to interested parties of the recording of certain real estate instruments also provide notification to the local council member when a deed-related or mortgage-related document is recorded that affects an interest in real property that has been held by the same party for at least 30 years, unless the council member opts out of receiving notifications.   Not available Not available
Int 1086-2024 *Nantasha M. Williams  Notifying interested parties of the recording of certain real estate instruments.IntroductionThis bill would amend Section 7-628 of the Administrative Code by requiring the Department of Finance (DOF) to notify interested parties by e-mail, text message, and postal mail when a deed-related or mortgage-related document has been recorded for the property. DOF would be required to send such notice no later than 30 days after such deed-related or mortgage-related document has been recorded.   Not available Not available