Res 1228-2016

By Council Member Ferreras-Copeland 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 Metrotech Area, Woodhaven, Fifth Avenue Association, Fashion Center, Madison Avenue, Court-Livingston-Schermerhorn, Bayside Village, and Atlantic Avenue Business Improvement Districts, and pursuant to chapter 910 of the laws of 1976, the One Hundred Sixty-fifth Street Mall Special Assessment District was established, and pursuant to chapter 665 of the laws of 1978, as amended by chapter 446 of the laws of 1984, the Jamaica Center Mall Special Assessment District was established, 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 eight Business Improvement Districts and two Special Assessment Districts wish to increase the amount to be expended annually beginning on July 1, 2016 as follows: Metrotech Area, $4,274,492; Woodhaven, $275,000; Fifth Avenue Association, $3,207,000; Fashion Center, $8,800,000; Madison Avenue, $2,100,000; Court-Livingston-Schermerhorn, $907,000; Bayside Village, $230,000; Atlantic Avenue, $390,000; One Hundred Sixty-fifth Street Mall, $250,000; and Jamaica Center Mall, $1,017,500; 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 October 13, 2016 is the date and the City Council Committee Room, 2nd floor, City Hall, Manhattan is the place and 10:00a.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 eight Business Improvement Districts and two Special Assessment Districts; and be it further Resolved, That on behalf of the City Council and pursuant to Section 25-410(b) of the BID Law, the District Management Associations of Metrotech Area, Woodhaven, Fifth Avenue Association, Fashion Center, Madison Avenue, Court-Livingston-Schermerhorn, Bayside Village, Atlantic Avenue, the One Hundred Sixty-fifth Street Mall, and Jamaica Center Mall 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 eight Business Improvement Districts and two Special Assessment Districts. 1