Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to cities |
Jan 10, 2017 |
referred to cities |
Senate Bill S1550
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Cities Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2017-S1550 (ACTIVE) - Details
- Current Committee:
- Senate Cities
- Law Section:
- New York City Charter
- Laws Affected:
- Add §§201-a & 201-b, NYC Chart
- Versions Introduced in 2015-2016 Legislative Session:
-
S5044
2017-S1550 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1550 TITLE OF BILL : An act to amend the New York city charter, in relation to rezoning and municipal building impacts in cities of one million or more SUMMARY OF PROVISIONS : Section 1 of the bill amends the New York city charter by adding two new section 201-a and 201-b that provide the following: * 201-a. Rezoning. When a municipality rezones or makes a zoning text change to an existing RI , R2, R3, R4 or R5 zone that has been previously rezoned within the past fifteen years, the municipality must pay a property owner three times the difference between the price paid for the property for any sale made subsequent to the effective date of the rezoning and the market value of the property as reflected on the last property bill issued prior to the effective date of the subsequent rezoning if the purchase price is less than the market value of the property as reflected on the last property bill issued prior to the effective date of the rezoning. This provision will not apply to properties in existing overlays in RI, R2, R3, R4 or R5 zone. * 201-b. Municipal building impacts and residential neighborhoods. If a municipality constructs a municipal building that abuts an R1, R2,
2017-S1550 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1550 2017-2018 Regular Sessions I N S E N A T E January 10, 2017 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to amend the New York city charter, in relation to rezoning and municipal building impacts in cities of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The New York city charter is amended by adding two new sections 201-a and 201-b to read as follows: § 201-A. REZONING. IN CITIES OF A MILLION OR MORE, WHEN A MUNICIPALITY REZONES OR MAKES A ZONING TEXT CHANGE TO AN EXISTING R1, R2, R3, R4 OR R5 ZONE THAT HAS BEEN PREVIOUSLY REZONED WITHIN THE PAST FIFTEEN YEARS, THE MUNICIPALITY MUST PAY A PROPERTY OWNER THREE TIMES THE DIFFERENCE BETWEEN THE PRICE PAID FOR THE PROPERTY FOR ANY SALE MADE SUBSEQUENT TO THE EFFECTIVE DATE OF THE REZONING AND THE MARKET VALUE OF THE PROPERTY AS REFLECTED ON THE LAST PROPERTY BILL ISSUED PRIOR TO THE EFFECTIVE DATE OF A SUBSEQUENT REZONING IF THE PURCHASE PRICE IS LESS THAN THE MARKET VALUE OF THE PROPERTY AS REFLECTED ON THE LAST PROPERTY BILL ISSUED PRIOR TO THE EFFECTIVE DATE OF THE REZONING. THIS PROVISION SHALL NOT APPLY TO PROPERTIES IN EXISTING COMMERCIAL OVERLAYS IN R1, R2, R3, R4, OR R5 ZONES. § 201-B. MUNICIPAL BUILDING IMPACTS AND RESIDENTIAL NEIGHBORHOODS. IN CITIES OF A MILLION OR MORE, IF A MUNICIPALITY CONSTRUCTS A MUNICIPAL BUILDING THAT ABUTS AN R1, R2, R3 OR R4 DISTRICT, A MUNICIPALITY MUST PAY A PROPERTY OWNER THREE TIMES THE DIFFERENCE BETWEEN THE PRICE PAID FOR THE PROPERTY FOR ANY SALE MADE SUBSEQUENT TO THE CONSTRUCTION OF THE MUNICIPAL BUILDING AND THE MARKET VALUE OF THE PROPERTY AS REFLECTED ON THE LAST PROPERTY BILL ISSUED PRIOR TO THE COMPLETION OF THE CONSTRUCTION IF THE PURCHASE PRICE IS LESS THAN THE MARKET VALUE OF THE PROPERTY AS REFLECTED ON THE LAST PROPERTY BILL ISSUED PRIOR TO THE COMPLETION OF THE CONSTRUCTION. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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