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File #: Int 2136-2020    Version: * Name: Authorizing an increase in the amount to be expended annually in two business improvement districts.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/29/2020
Enactment date: 12/20/2020 Law number: 2020/125
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 two business improvement districts
Sponsors: Daniel Dromm , Farah N. Louis, (by request of the Mayor)
Council Member Sponsors: 2
Summary: This bill would authorize the Bryant Park business improvement district to increase the amount it expends annually from $1,600,000 to $2,500,000 and would authorize the Flatbush-Nostrand Junction business improvement district to increase the amount it expends annually from $200,000 to $350,000, in both cases retroactive to July 1, 2020.
Attachments: 1. Summary of Int. No. 2136, 2. Int. No. 2136, 3. October 29, 2020 - Stated Meeting Agenda with Links to Files, 4. Hearing Transcript - Stated Meeting 10-29-20, 5. Minutes of the Stated Meeting - October 29, 2020, 6. Committee Report, 7. Complete Package, 8. Hearing Transcript 11/19/20, 9. November 19, 2020 - Stated Meeting Agenda with Links to Files, 10. Hearing Transcript - Stated Meeting 11-19-20, 11. Minutes of the Stated Meeting - November 19, 2020, 12. Int. No. 2136 (FINAL), 13. Fiscal Impact Statement, 14. Legislative Documents - Letter to the Mayor, 15. Local Law 125
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/21/2020*Daniel Dromm City Council Returned Unsigned by Mayor  Action details Meeting details Not available
12/20/2020*Daniel Dromm Administration City Charter Rule Adopted  Action details Meeting details Not available
11/19/2020*Daniel Dromm City Council Sent to Mayor by Council  Action details Meeting details Not available
11/19/2020*Daniel Dromm City Council Approved by CouncilPass Action details Meeting details Not available
11/19/2020*Daniel Dromm Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
11/19/2020*Daniel Dromm Committee on Finance Approved by CommitteePass Action details Meeting details Not available
10/29/2020*Daniel Dromm City Council Referred to Comm by Council  Action details Meeting details Not available
10/29/2020*Daniel Dromm City Council Introduced by Council  Action details Meeting details Not available

Int. No. 2136

By Council Members Dromm and Louis (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 two business improvement districts

 

Be it enacted by the Council as follows:

Section 1. Subdivision a of section 25-441 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 Bryant Park business improvement district beginning on July 1, [2015] 2020, 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 six hundred thousand dollars ($1,600,000)] two million five hundred thousand dollars ($2,500,000).

§ 2. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-470.1 to read as follows:

§ 25-470.1 Flatbush-Nostrand Junction 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 Flatbush-Nostrand Junction business improvement district beginning on July 1, 2020, 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 hundred fifty thousand dollars ($350,000).

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 Flatbush-Nostrand Junction business improvement district plan.

§ 3. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2020.