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File #: Int 1047-2016    Version: * Name: Fulton Mall Special Assessment District
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 1/19/2016
Enactment date: 3/14/2016 Law number: 2016/030
Title: A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in the Fulton Mall special assessment district
Sponsors: Julissa Ferreras-Copeland, (by request of the Mayor)
Council Member Sponsors: 1
Summary: This bill would authorize the Fulton Mall special assessment district (“SAD”) to increase the amount it expends annually.
Attachments: 1. Legislative History Report, 2. Summary of Int. No. 1047, 3. January 19, 2016 - Stated Meeting Agenda with Links to Files, 4. February 24, 2016 - Stated Meeting Agenda with Links to Files, 5. Committee Report 2/24/16, 6. Hearing Testimony 2/24/16, 7. Hearing Transcript 2/24/16, 8. Fiscal Impact Statement, 9. Hearing Transcript - Stated Meeting 2-24-16, 10. Mayor's Letter, 11. Minutes of the Stated Meeting - February 24, 2016, 12. Local Law 30
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
3/14/2016*Julissa Ferreras-Copeland City Council Recved from Mayor by Council  Action details Meeting details Not available
3/14/2016*Julissa Ferreras-Copeland Mayor Signed Into Law by Mayor  Action details Meeting details Not available
3/14/2016*Julissa Ferreras-Copeland Mayor Hearing Held by Mayor  Action details Meeting details Not available
2/24/2016*Julissa Ferreras-Copeland City Council Sent to Mayor by Council  Action details Meeting details Not available
2/24/2016*Julissa Ferreras-Copeland City Council Approved by CouncilPass Action details Meeting details Not available
2/24/2016*Julissa Ferreras-Copeland Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
2/24/2016*Julissa Ferreras-Copeland Committee on Finance Approved by CommitteePass Action details Meeting details Not available
1/19/2016*Julissa Ferreras-Copeland City Council Referred to Comm by Council  Action details Meeting details Not available
1/19/2016*Julissa Ferreras-Copeland City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1047

 

By Council Member Ferreras-Copeland (by request of the Mayor)

 

A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in the Fulton Mall special assessment district

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision a of section 25-602 of the administrative code of the city of New York, as amended by local law number 118 for the year 2013, is amended to read as follows:

a. The city council having determined, pursuant to subdivision b of section 25-410 of chapter four of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Fulton Mall special assessment district beginning on July 1, [2013] 2015, and the council having determined further that the tax and debt limits prescribed in section 25-412 of chapter four of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [one million five hundred thirty-seven thousand five hundred dollars ($1,537,500)] two million one hundred thousand dollars ($2,100,000).

§ 2. This local law takes effect immediately and is retroactive to and deemed to have been in full force and effect as of July 1, 2015.