Legislation Details

File #: Int 0190-1998    Version: * Name: Business Improvement District Levies
Type: Introduction Status: Filed
Committee: Committee on Finance
On agenda: 2/26/1998
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to prohibiting business improvement districts from levying charges on residential properties.
Sponsors: Walter L. McCaffrey, June M. Eisland, Karen Koslowitz, John Fusco, Martin J. Golden, Thomas V. Ognibene, Una Clarke, Howard L. Lasher, Jerome X. O'Donovan, Angel Rodriguez, John D. Sabini
Council Member Sponsors: 11
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2001*Walter L. McCaffrey City Council Filed (End of Session)  Action details Meeting details Not available
3/17/1998*Walter L. McCaffrey Legislative Documents Unit Printed Item Laid on Desk  Action details Meeting details Not available
2/26/1998*Walter L. McCaffrey City Council Referred to Comm by Council  Action details Meeting details Not available
2/26/1998*Walter L. McCaffrey City Council Introduced by Council  Action details Meeting details Not available
Int. No. 190
 
By Council Members McCaffrey, Eisland, Koslowitz, Fusco, Golden and Ognibene; also Council Members Clarke, Lasher, O'Donovan, Rodriguez and Sabini - read and referred to the Committee on Finance.
 
 
A Local Law to amend the administrative code of the city of New York, in relation to prohibiting business improvement districts from levying charges on residential properties.
 
 
Be it enacted by the Council as follows:
 
      Section 1.  Declaration of Legislative Findings.  It is hereby found and declared that business improvement districts represent a valuable mechanism for restoring and promoting business activity within specifically-defined geographic boundaries.  It is further found and declared that business improvement districts are primarily a tool to be used by businesses and commercial enterprises to stimulate and improve the business environment within a district.
      It is further found and declared that, although business improvement districts are designed and implemented essentially to benefit local merchants and other business enterprises, certain districts within the city of New York have imposed assessments on residential properties that have resulted in a disproportionate financial burden as compared to the benefits received by such properties in return.  Therefore, it is the intent of the City Council to prohibit business improvement districts in New York City from assessing a levy on residential properties within the boundaries of such districts.
      §2.      Chapter four of title twenty-five of the administrative code of the City of New York is hereby amended by adding a new section 25-418 to read as follows:
       §25-418. Prohibition of district charges on residential properties.  Notwithstanding any provisions of chapters four and five of this title to the contrary, no district charge shall be levied by districts on any residential property within their boundaries, except that districts shall be authorized to levy a district charge on mixed use property, provided that such charge is based solely on that portion of such property used for commercial purposes.
      §3.      This local law shall take effect immediately.