Proposed Int. No. 433-A
By Council Members Weprin, Nelson and Recchia (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 in the Brighton Beach business improvement district.
Be it enacted by the Council as follows:
Section 1. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-459 to read as follows:
§ 25-459 Brighton Beach business improvement district.
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 Brighton Beach business improvement district beginning on July 1, 2003, 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 hundred sixty thousand dollars ($160,000).
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 Brighton Beach business improvement district plan.
§ 2. This local law shall take effect immediately.