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June 14
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Committee on Finance

Committee Meeting

Committee on Finance

June 14, 201110:00 AM250 Broadway - Committee Rm, 16th Fl.

The Committee on Finance met on June 14, 2011 and held hearings on 11 bills.

Agenda

Roll Call

Legislation

11 bills discussed — 11 hearing held

Transmitting recommendations of the interest rate to be charged for FY'12 for non-payment of taxes on real estate, and for non-payment of water and sewer rents and transmitting recommendation of the discount rate to be allowed for early payment of real es

M 0533-2011

Establish that the discount percentage for early payment of real estate taxes be set at one percent (1.0%) per annum for FY'12.

Res 0864-2011

Establish that the interest rate be 9% per annum for FY'12 for non-payment of taxes on properties with an assessed value of not more than ($250,000), or not more than ($250,000) per residential unit for cooperative apartments.

Res 0860-2011

Establish that the interest rate be 18% per annum for FY'12 for non-payment of taxes on properties with an assessed value of over $250,000, or over $250,000 per residential unit for cooperative apartments.

Res 0861-2011

Establish that the interest rate to be charged for FY'12 for non-payment of water rents and sewer rents be 9% per annum for real property where the assessed value is not more than $250,000, or not more $250,000 per residential unit for cooperative apartme

Res 0862-2011

Establish that the interest rate to be charged for FY'12 for non-payment of water rents and sewer rents be 18% per annum for real property where the assessed value is over $250,000, or over $250,000 per residential unit for cooperative apartments.

Res 0863-2011

Hudson House, 3247 Johnson Ave, Bronx

LU 0409-2011

Los Sures, Brooklyn

LU 0410-2011

Phipps Housing, 315-331 East 29th Street, Manhattan

LU 0411-2011

530 West 45th Street and 510 West 45th Street, Manhattan

LU 0412-2011

Approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget.

Res 0865-2011