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Council Member Brannan introduces Finance Committee meeting agenda
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Council Member Justin L. Brannan, chair of the Committee on Finance, opens the meeting and outlines the three items to be voted on: a BID-related resolution, a transparency resolution, and two resolutions for real property tax exemptions under Article 11 of the Private Housing Finance Law.
- The BID resolution sets a public hearing date for the East Harlem 120 Fifth Street Business Improvement District.
- The transparency resolution approves new designations and changes in designations for organizations receiving funding in the FY25 expense budget.
- Two preconsidered resolutions authorize 40-year partial exemptions from real property taxes for housing projects in different council members' districts.
Justin L. Brannan
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Thank you, sergeant.
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Okay.
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Good morning, and welcome to today's finance committee meeting.
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I'm council member Brannan.
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I chair the committee on finance.
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We've been joined this morning by council members Ayala, Moya on Zoom, Powers, Lewis, Brewer, Hanks, Hudson, Osei, Sanchez on Zoom, and council member Carr.
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Today, the committee will be voting on three items, which are one bid related resolution.
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We've also been joined by council member Salam.
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We're voting on three items today.
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One, bid related resolution, one transparency resolution, and two resolutions to approve a real property tax exemption under Article 11 of the Private House Finance Law.
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Let's begin with the bid resolution.
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The this sets forth April twenty fourth twenty twenty five at 10AM in this committee room as the date, time, and place to hold a public hearing.
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Considering the local law that would establish the East Harlem 120 Fifth Street Business Improvement District in deputy speaker Ayala's district in Manhattan.
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Next, we will consider and vote on a transparency resolution that would prove that would approve the news designations and changes in the designations of certain organizations that are set to receive funding in the expense budgets for f y twenty five.
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Next, we have a preconsidered resolution that would authorize a forty year partial exemption from real property taxes pursuant to article 11 of the private house the private housing finance law for the Union Street Houses project in council member Crystal Hudson's district.
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Finally, we've got a preconsidered resolution that would authorize a forty year partial exemption from real property taxes pursuant to article 11 for the Morningside Heights 2 project in council member Sean Abreu's district.
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Any of my members have questions or comments on any of these items?