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File #: Res 0583-2010    Version: Name: Concerning the increase in the amount to be expended in 7 BIDS.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 11/30/2010
Enactment date: Law number:
Title: Resolution concerning the increase in the annual expenditure for the Times Square, the Fifth Avenue Association, the Fashion Center, the HUB Third Avenue, the 125th Street, the Brighton Beach, and the Myrtle Avenue Brooklyn Business Improvement Districts, and the setting of the date, time and place for the hearing of the local law increasing the annual expenditure for such districts.
Sponsors: Domenic M. Recchia, Jr., Maria Del Carmen Arroyo, Leroy G. Comrie, Jr., Darlene Mealy, Michael C. Nelson, Deborah L. Rose, Larry B. Seabrook, Robert Jackson
Council Member Sponsors: 8
Attachments: 1. Res. No. 583 - 11/30/10, 2. Memo In Support, 3. Committee Report, 4. Hearing Transcript, 5. Hearing Transcript - Stated Meeting 12-8-10
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/8/2010ADomenic M. Recchia, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
12/8/2010*Domenic M. Recchia, Jr. Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
12/8/2010*Domenic M. Recchia, Jr. Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
12/8/2010*Domenic M. Recchia, Jr. Committee on Finance Amended by Committee  Action details Meeting details Not available
12/8/2010ADomenic M. Recchia, Jr. Committee on Finance Approved by CommitteePass Action details Meeting details Not available
11/30/2010*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
11/30/2010*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available

Res. No. 583-A

 

Resolution concerning the increase in the annual expenditure for the Times Square, the Fifth Avenue Association, the Fashion Center, the HUB Third Avenue, the 125th Street, the Brighton Beach, and the Myrtle Avenue Brooklyn Business Improvement Districts, and the setting of the date, time and place for the hearing of the local law increasing the annual expenditure for such districts.

 

By Council Members Recchia Jr., Arroyo, Comrie, Mealy, Nelson, Rose, Seabrook and Jackson

 

                     Whereas, pursuant to Chapter 4 of Title 25 of the Administrative Code of the City of New York or the predecessor of such Chapter (the "BID Law") the City established the Times Square, the Fifth Avenue Association, the Fashion Center, the HUB Third Avenue, the 125th Street, the Brighton Beach, and the Myrtle Avenue Brooklyn Business Improvement Districts in the City of New York; and                     

 

                     Whereas, pursuant to Local Law No. 82 for the year of 1990, the City Council assumed responsibility for adopting legislation relating to Business Improvement Districts; and

 

                     Whereas, pursuant to Section 25-410(b) of the BID Law, an increase in the amount to be expended annually may be adopted by local law, provided that the City Council determines, after a public hearing, that it is in the public interest to authorize the increase and that the tax and debt limits prescribed in Section 25-412 of the BID Law will not be exceeded; and

 

                     Whereas, the seven Business Improvement Districts wish to increase the amount to be expended annually beginning on July 1, 2010 as follows: Times Square, $11,685,440;  Fifth Avenue Association, $2,715,720; Fashion Center, $5,750,000; HUB Third Avenue, $450,927; 125th Street, $867,390; Brighton Beach, $220,000; and Myrtle Avenue Brooklyn, $425,000.

 

                     Whereas, pursuant to Section 25-410(b) of the BID Law, the City Council is required to give notice of the public hearing by publication of a notice in at least one newspaper having general circulation in the districts specifying the time when and the place where the hearing will be held and stating the proposed amount to be expended annually; now, therefore, be it

 

                      RESOLVED, that the Council of the City of New York, pursuant to Section 25-410(b) of the BID Law, hereby directs that:

 

                                          (i)                     December 20, 2010 is the date and the City Council Hearing Room, 16th floor, 250 Broadway, Manhattan is the place and 10 a.m. is the time for a public hearing (the "Public Hearing") to hear all persons interested in the legislation, which would increase the amount to be expended annually in the seven Business Improvement Districts; and

 

                                           (ii)                     On behalf of the City Council and pursuant to Section 25-410(b) of the BID Law, the District Management Associations of the Times Square, the Fifth Avenue Association, the Fashion Center, the HUB Third Avenue, the 125th Street, the Brighton Beach, and the Myrtle Avenue Brooklyn Business Improvement Districts are hereby authorized to publish in a newspaper of general circulation in each district, not less than ten (10) days prior to the Public Hearing, a notice stating the time and place of the Public Hearing and setting forth the increase in the amount to be expended annually in each of the seven Business Improvement Districts.