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File #: Res 1032-2011    Version: * Name: Authorizing an increase in the amount to be expended in seven business improvement districts.
Type: Resolution Status: Filed
Committee: Committee on Finance
On agenda: 9/21/2011
Enactment date: Law number:
Title: Resolution concerning the increase in the annual expenditure for the 34th Street, the Grand Central, the 125th Street, the Kings Highway, the Mosholu-Jerome-East Gun Hill Road, the Fordham Road and the Bayside Village 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., Fernando Cabrera , Leroy G. Comrie, Jr., Inez E. Dickens, Jumaane D. Williams, Peter A. Koo
Council Member Sponsors: 6
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2013*Domenic M. Recchia, Jr. City Council Filed (End of Session)  Action details Meeting details Not available
9/21/2011*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available
9/21/2011*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
Res. No. 1032
 
 
Resolution concerning the increase in the annual expenditure for the 34th Street, the Grand Central,  the 125th Street, the Kings Highway, the Mosholu-Jerome-East Gun Hill Road, the Fordham Road and the Bayside Village  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., Cabrera, Comrie, Dickens, Williams and Koo
 
      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 34th Street, the Grand Central, the 125th Street, the Kings Highway, the Mosholu-Jerome-East Gun Hill Road, the Fordham Road and the Bayside Village 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, 2011 as follows: 34th Street, $9,940,000; Grand Central, $12,709,372; 125th Street, $947,820; Kings Highway, $290,000; Mosholu-Jerome-East Gun Hill Road, $259,000; Fordham Road, $625,000; and Bayside Village, $155,000; and
 
      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)      _________ is the date and the City Council Hearing Room, 16th floor, 250 Broadway, Manhattan is the place and _______ 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 34th Street, the Grand Central, the 125th Street, the Kings Highway, the Mosholu-Jerome-East Gun Hill Road, the Fordham Road, and the Bayside Village 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.