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Authorizing an increase in the amount to be expended annually in two business improvement districts.
IntroductionEnactedCommittee on Financeintroduced 2020-10-29Local Law 2020/125
Enacted as Local Law 2020/125.
Official record · Legistar
Agenda: 2020-10-29Passed: 2020-12-20Enacted: 2020-12-20
Summary
This bill would authorize the Bryant Park business improvement district to increase the amount it expends annually from $1,600,000 to $2,500,000 and would authorize the Flatbush-Nostrand Junction business improvement district to increase the amount it expends annually from $200,000 to $350,000, in both cases retroactive to July 1, 2020.
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
94% of similar bills passed
47 passed · 3 died
This bill: 20 days in committee
Similar bills: median 41 days · 41 days when passed
Compared against 50 Introduction bills in Committee on Finance.
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Sponsors (3)
Lifecycle
IntroducedIntroduced by Council
2020-10-29 · City Council
ActionReferred to Comm by Council
2020-10-29 · City Council
HeardHearing Held by Committee
2020-11-19 · Committee on Finance
AdvancedApproved by Committee
2020-11-19 · Committee on Finance
AdvancedApproved by Council
2020-11-19 · City Council
ActionSent to Mayor by Council
2020-11-19 · City Council
AdvancedCity Charter Rule Adopted
2020-12-20 · Administration
ActionReturned Unsigned by Mayor
2020-12-21 · City Council
Votes (64)
Aye (59)
Corey D. JohnsonAdrienne E. AdamsDiana I. AyalaInez D. BarronJoseph C. BorelliJustin L. BrannanFernando Cabrera Margaret S. ChinAndrew CohenCosta G. ConstantinidesRobert E. Cornegy, Jr.Laurie A. CumboChaim M. DeutschRuben Diaz, Sr.Daniel Dromm Mathieu EugeneVanessa L. GibsonMark Gjonaj Barry S. GrodenchikRobert F. HoldenBen KallosPeter A. KooKaren KoslowitzBrad S. LanderStephen T. LevinMark LevineFarah N. LouisAlan N. MaiselSteven MatteoCarlos MenchacaI. Daneek MillerFrancisco P. MoyaBill PerkinsKeith Powers Carlina Rivera Ydanis A. RodriguezDeborah L. RoseHelen K. RosenthalRafael Salamanca, Jr.Ritchie J. TorresMark TreygerEric A. UlrichPaul A. ValloneJames G. Van BramerDaniel Dromm Adrienne E. AdamsDiana I. AyalaRobert E. Cornegy, Jr.Laurie A. CumboVanessa L. GibsonMark Gjonaj Barry S. GrodenchikKaren KoslowitzFarah N. LouisSteven MatteoFrancisco P. MoyaKeith Powers Helen K. RosenthalJames G. Van Bramer
Absent (2)
Antonio ReynosoDonovan J. Richards
Excused (2)
Alicka Ampry-Samuel Alicka Ampry-Samuel
Heard at (3)
City Council · 2020-11-19 · 1:30 PM · - REMOTE HEARING (VIRTUAL ROOM 1) -
Committee on Finance · 2020-11-19 · 9:00 AM · REMOTE HEARING (VIRTUAL ROOM 1)
City Council · 2020-10-29 · 1:30 PM · - REMOTE HEARING (VIRTUAL ROOM 1) -
Attachments (15)
Full text
Be it enacted by the Council as follows:
Section 1. Subdivision a of section 25-441 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 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 Bryant Park business improvement district beginning on July 1, [2015] 2020, 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 [one million six hundred thousand dollars ($1,600,000)] two million five hundred thousand dollars ($2,500,000).
� 2. Chapter 5 of title 25 of the administrative code of the city of New York is amended by adding a new section 25-470.1 to read as follows:
� 25-470.1 Flatbush-Nostrand Junction business improvement district; increase in the amount to be expended annually. 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 Flatbush-Nostrand Junction business improvement district beginning on July 1, 2020, 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 three hundred fifty thousand dollars ($350,000).
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 Flatbush-Nostrand Junction business improvement district plan.
� 3. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of July 1, 2020.
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