File #: Int 0861-2024    Version: * Name: Requiring disclosure of community benefit agreements in the annual report by certain contracted entities.
Type: Introduction Status: Laid Over in Committee
Committee: Committee on Economic Development
On agenda: 5/16/2024
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring disclosure of community benefit agreements in the annual report by certain contracted entities.
Sponsors: Alexa Avilés, Shahana K. Hanif, Lincoln Restler, Tiffany Cabán, Sandy Nurse, Jennifer Gutiérrez, Chris Banks, Gale A. Brewer, Selvena N. Brooks-Powers, Diana I. Ayala, Carmen N. De La Rosa, Christopher Marte, Amanda Farías
Council Member Sponsors: 13
Summary: This bill would alter the terms of the contract between the city and NYCEDC (“EDC”) by requiring EDC to include disclosure of certain details regarding community benefit agreements (“CBAs”) related to EDC projects in its annual report.
Indexes: Report Required
Attachments: 1. Summary of Int. No. 861, 2. Int. No. 861, 3. May 16, 2024 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 5-16-24, 5. Committee Report 6/13/24

Int. No. 861

 

By Council Members Avilés, Hanif, Restler, Cabán, Nurse, Gutiérrez, Banks, Brewer, Brooks-Powers, Ayala, De La Rosa, Marte and Farías

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring disclosure of community benefit agreements in the annual report by certain contracted entities.

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision a of section 22-821 of the administrative code of the city of New York, as added by local law number 222 for the year 2017, is amended to add new definitions of "community benefit agreement," “community benefit organization,” and "sponsored project" in alphabetical order to read as follows:

Community benefit agreement. The term “community benefit agreement” means any written agreement between a contracted entity and a community benefit organization that details the provision of specific benefits to communities associated with such community benefit organization and impacted by a sponsored project.

Community benefit organization. The term “community benefit organization” means any nonprofit organization representing local residents or groups impacted by a sponsored project.

Sponsored project. The term “sponsored project” means any economic development project for which a contracted entity provides financial assistance.

§ 2. Subparagraph (o) of paragraph 2 of subdivision b of section 22-823 of the administrative code of the city of New York, as added by local law 222 for the year 2017, is amended, and a new subparagraph (p) is added to such paragraph, to read as follows:

(o) A statement of compliance indicating whether, during the reporting year, the contracted entity has reduced, cancelled or recaptured assistance provided to a person in connection with such project, and, if so, the total amount of such reductions, cancellations or recaptures, and any penalty assessed and the reasons therefor; and

(p) For each community benefit agreement entered into during the fiscal year: (1) the date such agreement was executed; (2) the parties to the agreement; (3) the project associated with such agreement; and (4) a summary of key terms regarding jobs, affordable housing, and other benefits provided to the community pursuant to the agreement.

 

§ 3. This local law takes effect immediately.

 

 

 

Session 12

ARP

LS # 13622

8/14/23