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What is NYC AC § 25-601?

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This section establishes the One Hundred Sixty-fifth Street Mall special assessment district, allowing for an annual expenditure of $250,000. The amount assessed on each property within the district is determined by the one hundred sixty-fifth street mall special assessment act. Applies to property owners within the designated district.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 25-601 One Hundred Sixty-fifth Street Mall special assessment district.

AC § 25-601

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 one hundred sixty-fifth street mall special assessment district beginning on July 1, 2016, 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 two hundred fifty thousand dollars ($250,000). 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 one hundred sixty-fifth street mall special assessment act. c. The commissioner of finance shall prepare a roll setting forth separately the charges to be assessed against each separately assessed property in the district. (Am. L.L. 2016/135, 10/31/2016, retro. eff. 7/1/2016)

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