File #: Res 1587-2012    Version: Name: Authorizing an increase in the amount to be expended annually in seven business improvement districts.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 11/27/2012
Enactment date: Law number:
Title: Resolution concerning the increase in the annual expenditure for the Fifth Avenue Association, Bryant Park, Downtown-Lower Manhattan, Kings Highway, 47th Street, North Flatbush Avenue and Madison/23rd/Flatiron/Chelsea 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: Domenic M. Recchia, Jr., Peter A. Koo, Ruben Wills, Lewis A. Fidler, Robert Jackson, Diana Reyna, Charles Barron, James F. Gennaro
Council Member Sponsors: 8
Attachments: 1. Res. No. 1587 - 11/27/12, 2. Memorandum In Support, 3. Committee Report 12/10/12, 4. Hearing Transcript - Finance 12-10-12, 5. Hearing Transcript - Stated Meeting 12-10-12
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/10/2012ADomenic M. Recchia, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
12/10/2012*Domenic M. Recchia, Jr. Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
12/10/2012*Domenic M. Recchia, Jr. Committee on Finance Approved by CommitteePass Action details Meeting details Not available
11/27/2012*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available
11/27/2012*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
Proposed Res. No. 1587-A
 
 
Resolution concerning the increase in the annual expenditure for the Fifth Avenue Association, Bryant Park, Downtown-Lower Manhattan, Kings Highway, 47th Street, North Flatbush Avenue and Madison/23rd/Flatiron/Chelsea 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 Members Recchia Jr., Fidler, Jackson, Reyna, Barron and Gennaro
 
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 Fifth Avenue Association, Bryant Park, Downtown-Lower Manhattan, Kings Highway, 47th Street, North Flatbush Avenue and Madison/23rd/Flatiron/Chelsea 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 seven Business Improvement Districts wish to increase the amount to be expended annually beginning on July 1, 2012 as follows: Fifth Avenue Association, $2,905,000; Bryant Park, $1,100,000; Downtown-Lower Manhattan, $15,900,000; Kings Highway, $290,000; 47th Street, $700,000; North Flatbush Avenue, $200,000; and Madison/23rd/Flatiron/Chelsea, $2,200,000; 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:
(i) December 18, 2012 is the date, and the City Hall Room Committee Room in Manhattan is the place, and 10 AM 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 seven Business Improvement Districts; and
(ii) On behalf of the City Council and pursuant to Section 25-410(b) of the BID Law, the District Management Associations of the Fifth Avenue Association, Bryant Park, Downtown-Lower Manhattan, Kings Highway, 47th Street, North Flatbush Avenue and Madison/23rd/Flatiron/Chelsea 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 seven Business Improvement Districts.