Bill Text: NY S05044 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 5044 (Prior Session Legislation)

Introduced

Bill Title: Relates to rezoning and municipal building impacts in New York City.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO CITIES [S05044 Detail]

Download: New_York-2015-S05044-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5044
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    April 29, 2015
                                      ___________
       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:
    1    Section 1. The New York city charter is  amended  by  adding  two  new
    2  sections 201-a and 201-b to read as follows:
    3    S 201-A. REZONING. IN CITIES OF A MILLION OR MORE, WHEN A MUNICIPALITY
    4  REZONES  OR  MAKES A ZONING TEXT CHANGE TO AN EXISTING R1, R2, R3, R4 OR
    5  R5 ZONE THAT HAS BEEN PREVIOUSLY REZONED WITHIN THE PAST FIFTEEN  YEARS,
    6  THE  MUNICIPALITY  MUST  PAY A PROPERTY OWNER THREE TIMES THE DIFFERENCE
    7  BETWEEN THE PRICE PAID FOR THE PROPERTY FOR ANY SALE MADE SUBSEQUENT  TO
    8  THE  EFFECTIVE DATE OF THE REZONING AND THE MARKET VALUE OF THE PROPERTY
    9  AS REFLECTED ON THE LAST PROPERTY BILL ISSUED  PRIOR  TO  THE  EFFECTIVE
   10  DATE  OF  A  SUBSEQUENT  REZONING IF THE PURCHASE PRICE IS LESS THAN THE
   11  MARKET VALUE OF THE PROPERTY AS REFLECTED  ON  THE  LAST  PROPERTY  BILL
   12  ISSUED PRIOR TO THE EFFECTIVE DATE OF THE REZONING. THIS PROVISION SHALL
   13  NOT  APPLY  TO PROPERTIES IN EXISTING COMMERCIAL OVERLAYS IN R1, R2, R3,
   14  R4, OR R5 ZONES.
   15    S 201-B. MUNICIPAL BUILDING IMPACTS AND RESIDENTIAL NEIGHBORHOODS.  IN
   16  CITIES  OF  A  MILLION OR MORE, IF A MUNICIPALITY CONSTRUCTS A MUNICIPAL
   17  BUILDING THAT ABUTS AN R1, R2, R3 OR R4 DISTRICT,  A  MUNICIPALITY  MUST
   18  PAY  A  PROPERTY OWNER THREE TIMES THE DIFFERENCE BETWEEN THE PRICE PAID
   19  FOR THE PROPERTY FOR ANY SALE MADE SUBSEQUENT TO THE CONSTRUCTION OF THE
   20  MUNICIPAL BUILDING AND THE MARKET VALUE OF THE PROPERTY AS REFLECTED  ON
   21  THE   LAST   PROPERTY  BILL  ISSUED  PRIOR  TO  THE  COMPLETION  OF  THE
   22  CONSTRUCTION IF THE PURCHASE PRICE IS LESS THAN THE MARKET VALUE OF  THE
   23  PROPERTY  AS  REFLECTED  ON  THE  LAST PROPERTY BILL ISSUED PRIOR TO THE
   24  COMPLETION OF THE CONSTRUCTION.
   25    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10199-03-5