Public Hearing hinges on interest rates and how property tax deferments affect the City budget. On June 18, 2020, the City Council officially introduced two bills that would defer July 1, 2020, property tax liabilities for COVID-19 impacted property owners. One bill addresses the tax liabilities of primary residences and the other addresses the tax liabilities of businesses affected by the pandemic. The bills were originally heard as preconsidered bills at the June 10, 2020, … <Read More>
Search Results for: Small Business
City Council Holds Hearing on Open Restaurants Plan
Open Restaurants Plan intended for Phase 2 start. On June 4, 2020, New York City Mayor Bill de Blasio announced the Open Restaurants seating program and the Council Committee on Consumer Affairs and Business Licensing held the public hearing on Intro 1957, a bill that would create the temporary outdoor dining space. The bill is sponsored by Council Member Antonio Reynoso and was introduced at the May 28th, 2020 Stated Meeting.
New York City Council Approves Two Bills Limiting Third-Party Delivery Service Fees
Council Bills intended to support the restaurant industry and small business. On May 13, 2020 the New York City Council voted to approve two bills intended to restrict the amount of fees third-party delivery services can charge restaurants during the COVID-19 pandemic and restaurant closures. Intro 1898-A, which essentially prevents fees to restaurants when no actual transaction results, was approved with 47 votes in the affirmative and three votes in the negative. Intro 1908-B, which … <Read More>
Council Committee Holds Hearing on COVID-19 Relief Bills
Committee hearing calls into question the amount of loans and protections for small businesses during COVID outbreak. On April 29, 2020, the City Council’s Committee on Small Business and Committee on Consumer Affairs and Business Licensing held a joint public hearing on the impact of COVID-19 on small businesses in New York City. Of the thirteen proposed bills, three were specifically labeled as part of a COVID-19 Relief Package. The bills address personal liability for … <Read More>
Developers Must Set Aside Affordable Retail Space in City-Funded Developments
The law will help provide more opportunities for small businesses to remain in the City. On February 23, 2020, Introduction 1408-B was enacted into Local Law 35 of 2020. Introduction 1408-B requires developers to set aside affordable retail space for non-chain retailers within large City-funded affordable housing developments. The requirement will apply to certain affordable housing developments of at least 750,000 square feet that receive $15 million or more in City funds. The law, sponsored … <Read More>
Council Subcommittee Approves Phased Construction Plan for East Side Coastal Resiliency Project
Despite the project’s phased construction schedule, concerns with the project still exist among elected officials and community members. On November 4, 2019, the City Council Subcommittee on Landmarks, Public Siting, and Dispositions approved two land use applications for the East Side Coastal Resiliency Project, the City’s flood protection plan for Lower Manhattan. The Project will include a system of floodgates and walls along the project area, sewage improvements, and will elevate East River Park … <Read More>