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File #: Int 1750-2019    Version: * Name: Authorizing an increase in the amount to be expended annually in five business improvement districts and one special assessment district.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/17/2019
Enactment date: 11/30/2019 Law number: 2019/209
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 five business improvement districts and one special assessment district
Sponsors: Daniel Dromm , (by request of the Mayor)
Council Member Sponsors: 1
Summary: This bill would authorize five existing business improvement districts (“BIDs”) throughout the City to increase the amount they expend annually.
Attachments: 1. Summary of Int. No. 1750, 2. Int. No. 1750, 3. October 17, 2019 - Stated Meeting Agenda with Links to Files, 4. Hearing Transcript - Stated Meeting 10-17-19, 5. Committee Report 10/30/19, 6. Hearing Testimony 10/30/19, 7. Hearing Transcript 10/30/19, 8. Hearing Transcript - Stated Meeting 10-30-19, 9. October 30, 2019 - Stated Meeting Agenda with Links to Files, 10. Int. No. 1750 (FINAL), 11. Fiscal Impact Statement, 12. Legislative Documents - Letter to the Mayor, 13. Local Law 209, 14. Minutes of the Stated Meeting - October 17, 2019, 15. Minutes of the Stated Meeting - October 30, 2019
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/3/2019*Daniel Dromm City Council Returned Unsigned by Mayor  Action details Meeting details Not available
11/30/2019*Daniel Dromm Administration City Charter Rule Adopted  Action details Meeting details Not available
10/30/2019*Daniel Dromm City Council Sent to Mayor by Council  Action details Meeting details Not available
10/30/2019*Daniel Dromm City Council Approved by CouncilPass Action details Meeting details Not available
10/30/2019*Daniel Dromm Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
10/30/2019*Daniel Dromm Committee on Finance Approved by CommitteePass Action details Meeting details Not available
10/17/2019*Daniel Dromm City Council Referred to Comm by Council  Action details Meeting details Not available
10/17/2019*Daniel Dromm City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1750

 

By Council Member Dromm (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 five business improvement districts and one special assessment district

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision a of section 25-421.1 of the administrative code of the city of New York, as amended by local law number 135 for the year 2016, 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 Metrotech Area business improvement district beginning on July 1, [2016] 2019, 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 [four million two hundred seventy-four thousand four hundred ninety-two dollars ($4,274,492)] five million nine hundred eleven thousand seven hundred thirty-eight dollars ($5,911,738), of which [three million two hundred seventy-four thousand four hundred ninety-two dollars ($3,274,492)] four million nine hundred eleven thousand seven hundred thirty-eight dollars ($4,911,738) may be expended in the north subdistrict, and one million dollars ($1,000,000) may be expended in the south subdistrict.

§ 2. Subdivision a of section 25-423.1 of the administrative code of the city of New York, as amended by local law number 235 for the year 2017, 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 34th Street business improvement district beginning on July 1, [2017] 2019, 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 [twelve million six hundred forty thousand dollars ($12,640,000)] thirteen million dollars ($13,000,000).

§ 3. Subdivision a of section 25-431.1 of the administrative code of the city of New York, as amended by local law number 135 for the year 2016, 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 Fifth Avenue Association business improvement district beginning on July 1, [2016] 2019, 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 [three million two hundred seven thousand dollars ($3,207,000)] six million four hundred fourteen thousand dollars ($6,414,000).

§ 4. Subdivision a of section 25-444.1 of the administrative code of the city of New York, as amended by local law number 17 for the year 2016, 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 14th Street-Union Square business improvement district beginning on July 1, [2015] 2019, 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 [two million six hundred thousand dollars ($2,600,000)] four million two hundred thousand dollars ($4,200,000).

§ 5. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-446.1 to read as follows:

§ 25-446.1 NoHo New York business improvement district; increase in the amount to be expended annually. 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 NoHo New York business improvement district beginning on July 1, 2019, 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 eight hundred thousand dollars ($800,000).

b. The amount of such expenditure to be levied upon each property in the district shall be determined in accordance with the method of assessment set forth in the NoHo New York business improvement district plan.

§ 6. Subdivision a of section 25-602 of the administrative code of the city of New York, as amended by local law number 30 for the year 2016, 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, [2015] 2019, 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 [two million one hundred thousand dollars ($2,100,000)] three million six thousand seven hundred fifty dollars ($3,006,750).

§ 7. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2019.