Int 1071-2013

Be it enacted by the Council as follows: Section 1. Chapter 5 of title 25 the administrative code of the city of New York is amended by adding a new section 25-479.1 to read as follows: § 25-479.1 Hudson Square business improvement district; amendments to the district plan. 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 additional improvements and to authorize a change in the method of assessment upon which the district charge in the Hudson Square business improvement district is based, and the council having determined further that the tax and debt limitations prescribed in section 25-412 of chapter four of this title will not be exceeded by such changes, there are hereby authorized in the Hudson Square business improvement district such changes as are set forth in the amended district plan required to be filed with the city clerk pursuant to subdivision b of this section. b. Immediately upon adoption of this local law, the council shall file with the city clerk the amended district plan setting forth the additional improvements and containing the change in the method of assessment authorized by subdivision a of this section. § 2. This local law shall take effect immediately.