Int 1371-2016

Be it enacted by the Council as follows: Section 1. Subdivision a of section 25-469.1 of the administrative code of the city of New York, as amended by local law number 118 for the year 2013, is amended to read as follows: 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 DUMBO business improvement district beginning on July 1, [2013] 2016, 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 hundred fifty thousand dollars ($650,000)] eight hundred thirty-five thousand dollars ($835,000). � 2. The administrative code of the city of New York is amended by adding a new section 25-469.2 to read as follows: � 25-469.2 DUMBO business improvement district; extension of district. a. The city council having determined, pursuant to section 25-407 of chapter four of this title: that notice of hearing for all hearings required to be held was published and mailed as required by law and was otherwise sufficient; that, except as otherwise provided in section 25-403 of chapter four of this title, all the real property within the boundaries of the district will benefit from the extension of the district; that all the real property benefited is included within the limits of the district; and that the extension of the district is in the public interest; and the council having determined further that the requisite number of owners have not objected as provided in section 25-406 of chapter four of this title, the DUMBO business improvement district in the borough of Brooklyn is hereby extended. Such district is extended in accordance with 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 by the council, the council shall file with the city clerk the amended district plan upon which the DUMBO business improvement district, and the extension thereof, is based. c. The amended district plan shall not be further amended except in accordance with chapter four of this title. � 3. This local law takes effect upon compliance with section 25-408 of chapter 4 of title 25 of the administrative code of the city of New York. - 1 -