The New York City Council - File #: Int 1144-2018

• File #: Int 1144-2018
• Version: *
• Name: Authorizing an increase in the amount to be expended annually in 14 BIDs.
• Type: Introduction
• Status: Enacted
• File created: 10/17/2018
• In control: Committee on Finance
• On agenda: 10/17/2018
• Final action: 12/15/2018
• Title: A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in fourteen business improvement districts
• Sponsors: Daniel Dromm , (by request of the Mayor)

Date	Ver.	Action By	Action	Result
12/18/2018	*	City Council	Returned Unsigned by Mayor
12/15/2018	*	Administration	City Charter Rule Adopted
11/14/2018	*	City Council	Sent to Mayor by Council
11/14/2018	*	City Council	Approved by Council	Pass
11/14/2018	*	Committee on Finance	Hearing Held by Committee
11/14/2018	*	Committee on Finance	Approved by Committee	Pass
10/17/2018	*	City Council	Referred to Comm by Council
10/17/2018	*	City Council	Introduced by Council

Int. No. 1144
By Council Member Dromm (by request of the Mayor)

Title
A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in fourteen business improvement districts
Body

Be it enacted by the Council as follows:
Section 1. Subdivision a of section 25-420.1 of the administrative code of the city of New York, as amended by local law number 3 for the year 2015, 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 Steinway Street business improvement district beginning on July 1, [2014] 2018, 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 [four hundred thousand dollars ($400,000)] five hundred twenty thousand dollars ($520,000).
? 2. Subdivision a of section 25-425 of the administrative code of the city of New York, as amended by local law number 30 for the year 2002, 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 Graham Avenue business improvement district beginning on July 1, [2002] 2018, 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 hundred thirty-seven thousand six hundred thirty-eight dollars ($137,638)] two hundred fifty thousand dollars...