File #: Int 1090-2024    Version: Name: Authorizing an increase in the amount to be expended annually in 9 business improvement districts.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/23/2024
Enactment date: 1/18/2025 Law number: 2025/007
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 9 business improvement districts
Sponsors: Justin L. Brannan, Farah N. Louis, Mercedes Narcisse, Darlene Mealy
Council Member Sponsors: 4
Summary: This bill would authorize nine existing business improvement districts throughout the City to increase the amount they expend annually as follows: 34th Street Business Improvement District, $14,300,000; Times Square Business Improvement District, $17,200,000; North Flatbush Avenue Business Improvement District, $350,000; Madison/23rd/Flatiron/Chelsea Business Improvement District, $9,000,000; Bayside Village Business Improvement District, $430,000; Fulton Street Business Improvement District, $800,000; Hudson Square Business Improvement District, $5,850,000; Atlantic Avenue Business Improvement District, $637,000; and the SoHo Business Improvement District, $1,757,934.
Attachments: 1. Summary of Int. No. 1090-A, 2. Summary of Int. No. 1090, 3. Int. No. 1090, 4. October 23, 2024 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 10-23-24, 6. Proposed Int. No. 1090-A - 12/12/24, 7. Committee Report 12/19/24, 8. Fiscal Impact Statement - City Council, 9. Fiscal Impact Statement - OMB, 10. December 19, 2024 - Stated Meeting Agenda, 11. Hearing Testimony 12/19/24, 12. Hearing Transcript 12/19/24, 13. Hearing Transcript - Stated Meeting 12-19-24
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
1/21/2025AJustin L. Brannan City Council Returned Unsigned by Mayor  Action details Meeting details Not available
1/18/2025AJustin L. Brannan Administration City Charter Rule Adopted  Action details Meeting details Not available
12/19/2024AJustin L. Brannan City Council Sent to Mayor by Council  Action details Meeting details Not available
12/19/2024AJustin L. Brannan City Council Approved by CouncilPass Action details Meeting details Not available
12/19/2024*Justin L. Brannan Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
12/19/2024*Justin L. Brannan Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
12/19/2024*Justin L. Brannan Committee on Finance Amended by Committee  Action details Meeting details Not available
12/19/2024AJustin L. Brannan Committee on Finance Approved by CommitteePass Action details Meeting details Not available
10/23/2024*Justin L. Brannan City Council Referred to Comm by Council  Action details Meeting details Not available
10/23/2024*Justin L. Brannan City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1090-A

 

By Council Members Brannan, Louis, Narcisse and Mealy

 

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 9 business improvement districts

 

Be it enacted by the Council as follows:

Section 1. Subdivision a of section 25-422.1 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 Times Square business improvement district beginning on July 1, [2017] 2025, 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 [fourteen million three hundred forty-seven thousand two hundred ninety-three dollars ($14,347,293)] $17,200,000.

§ 2. Subdivision a of section 25-423.1 of the administrative code of the city of New York, as amended by local law number 209 for the year 2019, 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, [2019] 2024, 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 [thirteen million dollars ($13,000,000)] $14,300,000.

§ 3. Subdivision a of section 25-453 of the administrative code of the city of New York, as amended by local law number 3 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 North Flatbush Avenue business improvement district beginning on July 1, [2012] 2025, 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 hundred thousand dollars ($200,000)] $350,000.

§ 4. Subdivision a of section 25-463.1 of the administrative code of the city of New York, as amended by local law number 89 for the year 2021, 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 Madison/23rd/Flatiron/Chelsea business improvement district beginning on July 1, [2021] 2025, 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 [six million dollars ($6,000,000)] $9,000,000.

§ 5. Subdivision a of section 25-474.1 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 Bayside Village business improvement district beginning on July 1, [2016] 2025, 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 hundred thirty thousand dollars ($230,000)] $430,000.

§ 6. Subdivision a of section 25-478.1 of the administrative code of the city of New York, as added by local law number 29 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 Street business improvement district beginning on July 1, [2015] 2025, 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 [five hundred thousand dollars ($500,000)] $800,000.

§ 7. Subdivision a of section 25-479.2 of the administrative code of the city of New York, as added by local law number 36 for the year 2019, 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 Hudson Square business improvement district beginning on July 1, [2019] 2025, 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 nine hundred thousand dollars ($3,900,000)] $5,850,000.

§ 8. Subdivision a of section 25-481.1 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 Atlantic Avenue business improvement district beginning on July 1, [2016] 2025, 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 ninety thousand dollars ($390,000)] $637,000.

§ 9. Subdivision a of section 25-482.1 of the administrative code of the city of New York, as added 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 SoHo business improvement district beginning on July 1, [2017] 2025, 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 [nine hundred thousand dollars ($900,000)] $1,757,934.

                     § 10. This local law takes effect July 1, 2025, except that section two of this local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2024.

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12/11/24 4:22 PM