Int 1839-2019

Be it enacted by the Council as follows: Section 1. Section 22-821 of the administrative code of the city of New York is amended by adding new definitions of "Brooklyn navy yard development entity" and "master plan" in appropriate alphabetical order to read as follows: Brooklyn navy yard development entity. The term "Brooklyn navy yard development entity" means a not-for-profit corporation that contracts with the city to lease and/or operate the area encompassing block 2023, lots 1, 50 and 150 in Kings county, commonly known as the Brooklyn navy yard. Master plan. The term "master plan" means a Brooklyn navy yard development entity's plan for the overall utilization of the property encompassing block 2023, lots 1, 50 and 150 in Kings county, commonly known as the Brooklyn navy yard. � 2. The definition of "contracted entity" in section 22-821 of the administrative code of the city of New York, as amended by local law number 222 for the year 2017, is amended to read as follows: Contracted entity. The term "contracted entity" means a local development corporation or other not-for-profit corporation, a majority of whose members are appointed by the mayor, that contracts with the city to provide or administer economic development benefits on behalf of the city and expending city capital appropriations in connection therewith, except that such term does not include the Brooklyn navy yard development [corporation or any successor entity that becomes the lessee and/or operator of block 2023, lots 1, 50 and 150 in Kings county, commonly known as the Brooklyn navy yard] entity. � 3. Subchapter 2 of chapter 8 of title 22 of the administrative code of the city of New York is amended by adding a new section 22-826 to read as follows: � 22-826. Brooklyn navy yard master plan annual report. Each contract with a value in excess of $20,000,000 registered by the comptroller, on or after April 1, 2021, between the department and a Brooklyn navy yard development entity shall include a provision obligating the Brooklyn navy yard development entity to submit a report no later than January 15 of each calendar year during which such contract is in effect to the mayor and the speaker of the council regarding such entity's progress toward achieving the goals set forth in its master plan. � 4. This local law takes effect immediately, provided that the report required pursuant to section 22-826 of the administrative code of the city of New York, as added by section three of this local law, shall not be required for any calendar year prior to 2023. ARP/JK/RC LS # 9891 2/17/21 1