File #: Int 0074-2002    Version: * Name: Franchise fee calculations. (20025356LLY)
Type: Introduction Status: Filed
Committee: Committee on Land Use
On agenda: 3/13/2002
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York in relation to franchise fee calculations.
Sponsors: Kendall Stewart
Council Member Sponsors: 1
Attachments: 1. Hearing Transcript
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2003*Kendall Stewart City Council Filed (End of Session)  Action details Meeting details Not available
7/22/2002*Kendall Stewart Subcommittee on Zoning and Franchises Hearing Held by Committee  Action details Meeting details Not available
7/22/2002*Kendall Stewart Subcommittee on Zoning and Franchises Laid Over by Subcommittee  Action details Meeting details Not available
3/13/2002*Kendall Stewart City Council Referred to Comm by Council  Action details Meeting details Not available
3/13/2002*Kendall Stewart City Council Introduced by Council  Action details Meeting details Not available

Int. No. 74

 

By Council Members Stewart

 

A Local Law to amend the administrative code of the city of New York in relation to franchise fee calculations.

 

Be it enacted by the Council as follows:

 

                     Section 1.  Section 363 of the New York City Charter is hereby amended by

 

adding subdivision i to read as follows:

 

                     i.  Franchise fee calculation.  In no event shall any utility that contracts to pay a franchise fee to the city of New York, pursuant to Chapter 14 of this, have excluded from said fee calculation, any portion of its property or equipment currently located on city property, irrespective of the date when said property or equipment was placed thereon.   Any franchise agreement that excludes any portion of said utilities’ property from said fee agreement, is null and void, as contrary to public policy.

                     § 2.  This local law shall take effect immediately after it shall be approved by the voters at the next general election after its enactment.

LS#57- 3/07/02