REMARKS
Speaker Adams presents finance items for council vote
0:18:08
·
95 sec
Speaker Adrienne E. Adams introduces several finance items for the council to vote on. These items include resolutions for appropriating new city revenues, authorizing business improvement districts to increase expenditures, and approving tax exemptions for various housing projects.
- Presents a resolution to appropriate new city revenues in fiscal year 2025
- Introduces bills to authorize increased expenditures for business improvement districts
- Presents several resolutions for tax exemptions on housing projects across different council districts
- Covers a range of projects including affordable senior housing and rent-stabilized units
Adrienne E. Adams
0:18:08
Next, we'll vote on the following finance items, a pre considered resolution to appropriate new city revenues in fiscal year 2025 and implement revenue budget changes reflected in the city's November financial plan.
0:18:20
Introduction 1090 a, sponsored by council member Justin Brannen, would authorize 9 existing business improvement districts throughout the city to increase the amount they can expend annually.
0:18:30
Introduction 1098, sponsored by council member Keith Powers, would authorize an increase in the amount in the amount the Madison Avenue Business Improvement District can expend annually.
0:18:40
A pre considered resolution to approve a 40 year full exemption from real property taxes for 45th Street Partners, a 4 building portfolio with 80 residential units located in council member Batcher's district.
0:18:52
A preconsidered resolution to approve a 40 year full exemption from real property taxes for the perennial, which will consist of the adaptive reuse of a former hospital building resulting in a 1 45 unit affordable senior building and council member Schulman's district.
0:19:07
A preconsidered resolution to approve a 40 year partial exemption from real property taxes for 3044 Albany Crescent, a 5 story building with 36 rent stabilized residential units located in council member Sanchez's district.
0:19:20
A pre considered resolution to approve a 40 year full exemption from real property taxes for 73 Loysita, a housing development fund fund corporation that comprises a multi family building in council member Rivera's district, and a pre considered resolution to approve a 40 year partial exemption from real property taxes for Crotona 7, a project that consists of 1 55 unit building in council member Salamanca's district.
