New York City Council Header
File #: Int 0963-2015    Version: * Name: Create a task force to study taxicab medallion values.
Type: Introduction Status: Filed (End of Session)
Committee: Committee on Transportation
On agenda: 10/15/2015
Enactment date: Law number:
Title: A Local Law to create a task force to study taxicab medallion values
Sponsors: Ydanis A. Rodriguez, Peter A. Koo, Rosie Mendez, Donovan J. Richards
Council Member Sponsors: 4
Summary: The bill would establish a task force to study taxicab medallion values. The task force would review sale prices of taxicab medallions and their impact on the City’s budget, then recommend changes to laws, rules, regulations, and policies related to taxicabs designed to increase the value of medallions. The task force’s recommendations would be due to the Mayor and Council within six months.
Indexes: Council Appointment Required
Attachments: 1. Summary of Int. No. 963, 2. Int. No. 963, 3. October 15, 2015 - Stated Meeting Agenda with Links to Files, 4. Committee Report 9/25/17, 5. Hearing Testimony 9/25/17, 6. Hearing Transcript 9/25/17
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2017*Ydanis A. Rodriguez City Council Filed (End of Session)  Action details Meeting details Not available
9/25/2017*Ydanis A. Rodriguez Committee on Transportation Hearing Held by Committee  Action details Meeting details Not available
9/25/2017*Ydanis A. Rodriguez Committee on Transportation Laid Over by Committee  Action details Meeting details Not available
10/15/2015*Ydanis A. Rodriguez City Council Referred to Comm by Council  Action details Meeting details Not available
10/15/2015*Ydanis A. Rodriguez City Council Introduced by Council  Action details Meeting details Not available

Int. No. 963

 

By Council Members Rodriguez, Koo, Mendez and Richards

 

A Local Law to create a task force to study taxicab medallion values

 

Be it enacted by the Council as follows:

Section 1. Taxicab medallion values task force. a. There is hereby established a task force to study taxicab medallion values that shall review the sale prices of taxicab medallions in the preceding five years, potential future sale prices of medallions, and the impact of such sales on the city’s budget. Following such review, the task force shall recommend changes to laws, rules, regulations, and policies related to taxicabs designed to increase the value of such medallions.

b. The task force shall have eleven members which shall be:

                      (1) the commissioner of the taxicab and limousine commission, or their designee;

                     (2) a taxicab medallion owner who is not required by law to drive their taxicab, as appointed by the speaker of the council;

(3) a taxicab medallion owner who is required by law to drive their taxicab, as appointed by the speaker of the council;

(4) an individual who represents an institution that lends money for the purpose of purchasing or financing taxicab medallions, as appointed by the speaker of the council;

(5) the public advocate, or their designee;

(6) one member, as appointed by the mayor; and

(7) five members, as appointed by the speaker of the council, two of whom shall be members of the council and one of whom shall serve as chair.

 c. The members to be appointed by the mayor and the speaker of the council shall be appointed within sixty days of the enactment of this local law.

d. No later than six months following its establishment, the task force shall issue a report to the mayor and the council detailing its activities and recommendations. Immediately after submitting such report, the task shall cease to exist.

§ 2.  This local law takes effect immediately.  

 

KET 10/9/15 12:45PM

LS 5091/2015