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File #: Res 1639-2017    Version: * Name: Authorizing an increase in the amount to be expended annually in eleven BIDs.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 9/7/2017
Enactment date: Law number:
Title: Resolution concerning the increase in the annual expenditure for the Times Square, 34th Street, 82nd Street, Flatbush Avenue, Downtown-Lower Manhattan, Kings Highway, Church Avenue, East Mid-Manhattan, Fordham Road, DUMBO, and SoHo Business Improvement Districts, and the setting of the date, time and place for the hearing of the local law increasing the annual expenditure for such districts.
Sponsors: Julissa Ferreras-Copeland
Council Member Sponsors: 1
Attachments: 1. September 7, 2017 - Stated Meeting Agenda with Links to Files, 2. Committee Report 9/27/17, 3. Hearing Transcript 9/27/17, 4. September 27, 2017 - Stated Meeting Agenda with Links to Files, 5. Hearing Transcript - Stated Meeting 9-27-17, 6. Minutes of the Stated Meeting - September 27, 2017
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
9/27/2017*Julissa Ferreras-Copeland City Council Approved, by CouncilPass Action details Meeting details Not available
9/27/2017*Julissa Ferreras-Copeland Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
9/27/2017*Julissa Ferreras-Copeland Committee on Finance Approved by CommitteePass Action details Meeting details Not available
9/7/2017*Julissa Ferreras-Copeland City Council Referred to Comm by Council  Action details Meeting details Not available
9/7/2017*Julissa Ferreras-Copeland City Council Introduced by Council  Action details Meeting details Not available

Res. No. 1639

 

Resolution concerning the increase in the annual expenditure for the Times Square, 34th Street, 82nd Street, Flatbush Avenue, Downtown-Lower Manhattan, Kings Highway, Church Avenue, East Mid-Manhattan, Fordham Road, DUMBO, and SoHo Business Improvement Districts, 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 Ferreras-Copeland

                     

                     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 Times Square, 34th Street, 82nd Street, Flatbush Avenue, Downtown-Lower Manhattan, Kings Highway, Church Avenue, East Mid-Manhattan, Fordham Road, DUMBO and SoHo Business Improvement Districts, in the City of New York; and                     

                     Whereas, pursuant to Local Law No. 82 for the year of 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 eleven Business Improvement Districts wish to increase the amount to be expended annually beginning on July 1, 2017 as follows: Times Square, $14,347,293; 34th Street, $12,640,000; 82nd Street, $254,450; Flatbush Avenue, $386,000; Downtown-Lower Manhattan, $20,400,000; Kings Highway, $400,000; Church Avenue, $203,000; East Mid-Manhattan, $3,500,000; Fordham Road, $1,010,000; DUMBO, $1,250,000; and SoHo, $900,000; 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 17, 2017 is the date and the City Council Committee Room, 2nd floor, City Hall, Manhattan is the place and 10:00a.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 eleven Business Improvement Districts; 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 Times Square, 34th Street,  82nd Street, Flatbush Avenue, Downtown-Lower Manhattan, Kings Highway, Church Avenue, East Mid-Manhattan, Fordham Road, DUMBO, and SoHo Business Improvement Districts 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 increase in the amount to be expended annually in each of the eleven Business Improvement Districts.