File #: Int 1210-2023    Version: * Name: Authorizing an increase in the amount to be expended annually in four business improvement districts.
Type: Introduction Status: Enacted
Committee: Committee on Finance
On agenda: 10/5/2023
Enactment date: 12/16/2023 Law number: 2023/174
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 four business improvement districts
Sponsors: Justin L. Brannan, (by request of the Mayor)
Council Member Sponsors: 1
Summary: This bill would authorize four existing business improvement districts throughout the City to increase the amount they expend annually as follows: Village Alliance Business Improvement District, $1,900,000; Brighton Beach Business Improvement District, $300,000; Fordham Road Business Improvement District, $1,510,000; and Meatpacking Area Business Improvement District, $6,200,000
Attachments: 1. Summary of Int. No. 1210, 2. Int. No. 1210, 3. October 5, 2023 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 10-5-23, 5. Minutes of the Stated Meeting - October 5, 2023, 6. Committee Report 11/15/23, 7. Hearing Testimony 11/15/23, 8. Hearing Transcript 11/15/23, 9. November 15, 2023 - Stated Meeting Agenda, 10. Hearing Transcript - Stated Meeting 11-15-23, 11. Int. No. 1210 (FINAL), 12. Fiscal Impact Statement, 13. Local Law 174, 14. Legislative Documents - Letter to the Mayor
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/18/2023*Justin L. Brannan City Council Returned Unsigned by Mayor  Action details Meeting details Not available
12/16/2023*Justin L. Brannan Administration City Charter Rule Adopted  Action details Meeting details Not available
11/15/2023*Justin L. Brannan City Council Sent to Mayor by Council  Action details Meeting details Not available
11/15/2023*Justin L. Brannan City Council Approved by CouncilPass Action details Meeting details Not available
11/15/2023*Justin L. Brannan Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
11/15/2023*Justin L. Brannan Committee on Finance Approved by CommitteePass Action details Meeting details Not available
10/5/2023*Justin L. Brannan City Council Referred to Comm by Council  Action details Meeting details Not available
10/5/2023*Justin L. Brannan City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1210

 

By Council Member Brannan (by request of the Mayor)

 

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 four business improvement districts

 

Be it enacted by the Council as follows:

Section 1. Subdivision a of section 25-438.1 of the administrative code of the city of New York, as amended by local law number 17 for the year 2016, is amended to read as follows:

a. The city council having determined, pursuant to subdivision b of section 25-410 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-220214> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Village Alliance business improvement district beginning on July 1, [2015] 2024, and the council having determined further that the tax and debt limits prescribed in section 25-412 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46187> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [one million four hundred thousand dollars ($1,400,000)] one million nine hundred thousand dollars ($1,900,000).

§ 2. Subdivision a of section 25-459 of the administrative code of the city of New York, as amended by local law number 5 for the year 2011, is amended to read as follows:

a. The city council having determined, pursuant to subdivision b of section 25-410 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-220214> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Brighton Beach business improvement district beginning on July 1, [2010] 2024, and the council having determined further that the tax and debt limits prescribed in section 25-412 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46187> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [two hundred twenty thousand dollars ($220,000)] three hundred thousand dollars ($300,000).

§ 3. Subdivision a of section 25-464.1 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 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-220214> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title, that it is in the public interest to authorize an increase in the amount to be expended annually in the Fordham Road business improvement district beginning on July 1, [2017] 2024, and the council having determined further that the tax and debt limits prescribed in section 25-412 <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46187> of chapter four <https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-46097> of this title will not be exceeded by such increased expenditure, there is hereby authorized in such district an annual expenditure of [one million ten thousand dollars ($1,010,000)] one million five hundred ten thousand dollars ($1,510,000).

§ 4. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-488.1 to read as follows:

§ 25-488.1  Meatpacking Area business improvement district.

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 Meatpacking Area business improvement district beginning on July 1, 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 six million two hundred thousand dollars ($6,200,000).

b. The amount of such expenditure to be levied upon each property in the district

shall be determined in accordance with the method of assessment set forth in the Meatpacking Area business improvement district plan.

§ 5. This local law takes effect July 1, 2024.