1. Meeting Agenda 1.I. October 21, 2024 | Agenda/Active Calendar - Amended 241017 Documents: 24 AGENDA-ACTIVE CALENDAR 1021 - AMENDED 241017.PDF 2. Supporting Legislation Legislation that is being introduced for the first time 2.I. October 21, 2024 | Supporting Legislation - Amended 241017 W/Senate Bills Documents: OCTOBER 21 2024 - AMENDED 241017 SUPPORTING DOCUMENTATION.PDF 3. Active Legislation Legislation that was previously introduced and is now being considered by the body 3.I. October 21, 2024 | Active Legislation - Amended 241017 Documents: 241021 ACTIVE LEGISLATION - AMENDED.PDF 4. Majority Consent (MC) 5. Supporting Document 6. Minutes 7. Written Comment 8. Active Calendar AGENDA FOR THE REGULAR MEETING OF THE ALBANY COMMON COUNCIL Monday, October 21, 2024 The Common Council meets the first and third Monday of each month at 7:00 p.m. (note: when Monday falls on a legal holiday or day of special observance, the Council meeting is ordinarily moved to the following Thursday). This meeting will be held remotely and in the Common Council Chambers in City Hall and live streamed on Facebook. If we experience any technical difficulties on Facebook, the video will be streamed to YouTube. For more information on how to be heard please visit our website. If you wish to speak during the meeting or provide written comments, they must be received by 12noon on the day of the meeting. Members of the public who wish to provide public comment remotely are asked to submit the public comment request through the public comment form on the Common Council webpage. All comments are memorialized on our Facebook page, website, and are subject to FOIL. ORDER OF BUSINESS: Roll Call Welcome Pledge of Allegiance Moment of Silence Public Hearings Public Comment Period (30 Minutes) Approval of Minutes from Previous Meetings Consideration of Local Laws Communications from the Mayor, Department Heads and other City Officials Consideration of Vetoes Presentation of Petitions and Communications Reports of Standing Committees Reports of Ad Hoc Committees Consideration of Ordinances Consideration of Resolutions Additional Public Comment (30 Minutes) Miscellaneous or Unfinished Business Adjournment (Revised 10/17/2024) Page 1 of 17 NOTICE OF PUBLIC HEARING Notice is hereby given that a Common Council Public Hearing will be held on October 21, 2024 at 7:00PM and will be held in advance of the potential passage of the following ordinances. This meeting will be an in-person meeting in the Common Council Chambers, City Hall and will be held on the following matters: ORDINANCE 28.21.24 , Sponsored by Council Member Frederick AN ORDINANCE ADOPTING THE CITY OF ALBANY BUDGET FOR FISCAL YEAR 2025 AS PRESENTED BY THE MAYOR ON OCTOBER 1, 2024 Documents may be inspected between the hours of 8:30 AM and 5:00 PM, Monday through Friday, in the office of the Common Council, 24 Eagle St., Rm. 206, Albany, NY 12207. Efforts will also be made to make documents available for viewing online at: https://www.albanyny.gov/2187/Albany-Common-Council. This public hearing is being held pursuant to guidelines established in the Open Meetings Law and anyone wishing to be heard can submit written comments (commoncouncil@albanyny.gov) or provide in-person testimony on the ordinances before the Common Council for consideration. The Public Hearing will be livestreamed to our YouTube© page: https://www.youtube.com/@albanycommoncouncil5666 We encourage all interested parties to submit written comments by 12 noon on July 1, 2024. Anyone wishing to be heard will have an opportunity to do so at the above stated time and location. (Revised 10/17/2024) Page 2 of 17 NOTICE OF PUBLIC HEARING For the approval of Cable Television Agreement between Spectrum Northeast, LLC and the City of Albany, as represented by: RESOLUTION 102.92.24 , Sponsored by Council Member Balarin A RESOLUTION OF THE COMMON COUNCIL AUTHORIZING THE EXECUTION OF A FRANCHISE AGREEMENT WITH SPECTRUM NORTHEAST LLC PLEASE TAKE NOTICE that the City of Albany will hold a Public Hearing on October 21, 2024 at 7:00 PM in the Common Council Chambers in City Hall at 24 Eagle St, Albany, New York regarding renewal of the cable television franchise agreement by and between the City of Albany and Spectrum Northeast, LLC, an indirect subsidiary of Charter Communications. A copy of the agreement is available for public inspection during normal business hours at the Clerk's office at 24 Eagle St, Room 202, Albany, New York. At such public hearing, all persons will be given an opportunity to be heard. Written and oral statements will be taken at that time. Time limitations may be imposed for each oral statement, if necessary. Dated: October 7, 2024 By order of the City of Albany Shaniqua Jackson, City Clerk (Revised 10/17/2024) Page 3 of 17 Albany Common Council Active Calendar Monday, October 21, 2024 The Active Calendar is meant to indicate items which are anticipated to come up for action at the indicated Common Council meeting. Items on a committee agenda prior to the indicated Council meeting are included subject to committee action and recommendation. New items on the agenda for introduction, but which will not be acted upon on the evening of introduction is not included on the Active Calendar. This Calendar does not preclude the addition of items for action by Majority Consent of the Council. Items added by Majority Consent are those which were not available for the agenda within the required deadline but which cannot wait for the subsequent Council meeting for introduction and/or action. Legislation Prime Sponsor Subject Resolutions Introduced Anane A RESOLUTION OF THE COMMON COUNCIL DECLARING 117.102.24R OCTOBER 20, 2024 TO BE COMMUNITY MEDIA DAY IN THE CITY OF ALBANY Resolutions Introduced Anane A RESOLUTION OF THE COMMON COUNCIL DECLARING 118.102.24R OCTOBER 21, 2024 THROUGH OCTOBER 27, 2024 AS FREE SPEECH WEEK IN THE CITY OF ALBANY Resolutions Introduced Hoey A RESOLUTION OF THE COMMON COUNCIL 120.102.24R REAPPOINTING MILTON MANUEL ARROYO AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD Resolutions Introduced Romero A RESOLUTION OF THE COMMON COUNCIL URGING THE 121.102.24R NEW YORK STATE GOVERNMENT TO PASS A BUDGET IN 2025 THAT RAISES TAXES ON THE WEALTHIEST NEW YORKERS AND FUNDS INVESTMENTS Resolutions Held Keegan A RESOLUTION OF THE COMMON COUNCIL 54.53.24R ENCOURAGING OUR COMMUNITY TO SUPPORT THE EQUAL RIGHTS AMENDMENT Resolutions Held Frederick A RESOLUTION OF THE COMMON COUNCIL APPROVING A 107.101.24R TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL (Revised 10/17/2024) Page 4 of 17 Local Laws Introduced 1 Frederick Local Law K of 2024 A LOCAL LAW OVERRIDING THE TAX LEVY LIMIT LAW FOR FISCAL YEAR 2025 (Revised 10/17/2024) Page 5 of 17 Local Laws Held 1 Johnson Local Law C of 2022 A LOCAL LAW AMENDING CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO CREATING A PUBLIC SAFETY COMMISSION *Referred to Public Safety | Discussed: 6/9/2022* 2 Balarin Local Law G of 2022 A LOCAL LAW AMENDING PART 4 (HISTORIC RESOURCES COMMISSION), PART 13 (PLANNING BOARD OF CITY OF ALBANY), AND PART 35 (BOARD OF ZONING APPEALS) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO REDUCING THE SIZE OF THE HISTORIC RESOURCES COMMISSION AND AUTHORIZING THE APPOINTMENT OF ALTERNATE MEMBERS TO THE HISTORIC RESOURCES COMMISSION, CITY PLANNING BOARD, AND BOARD OF ZONING APPEALS *Referred to Planning, Economic Development & Land Use | Discussed: 12/21/2022* 3 Romero Local Law I of 2022 A LOCAL LAW CREATING A COMMUNITY COMMISSION TO STUDY THE ENACTMENT OF REPARATIONS REMEDIES RELATED TO THE SALE OF CANNABIS IN THE CITY OF ALBANY *Referred to Joint Finance and Human Rights Committee | Discussed: 5/13/2024* 4 Romero Local Law J of 2022 A LOCAL LAW AMENDING ARTICLE VIIB (ALBANY POLICE DEPARTMENT INTERACTIONS) OF PART 1 (DEPARTMENT OF POLICE) OF CHAPTER 42 (DEPARTMENTS AND COMMISSION) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO PROHIBITING THE ALBANY POLICE DEPARTMENT FROM PURCHASING, STOCKPILING, AND USING KINETIC ENERGY MUNITIONS *Referred to Public Safety | Discussed: 9/28/2022* 5 Romero Local Law K of 2022 A LOCAL LAW AMENDING ARTICLE VIIB (ALBANY POLICE DEPARTMENT INTERACTIONS) OF PART 1 (DEPARTMENT OF POLICE) OF CHAPTER 42 (DEPARTMENTS AND COMMISSION) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO PROHIBITING THE ALBANY POLICE DEPARTMENT FROM PURCHASING, STOCKPILING, AND USING CHEMICAL WEAPONS *Referred to Public Safety | Discussed: 9/28/2022* 6 Kimbrough Local Law L of 2022 A LOCAL LAW AMENDING ARTICLE VIIB (ALBANY POLICE DEPARTMENT INTERACTIONS) OF PART 1 (DEPARTMENT OF POLICE) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY WITH REGARD TO THE USE OF CHEMICAL WEAPONS AND KINETIC ENERGY MUNITIONS ON CIVILIAN POPULATIONS *Referred to Public Safety | Discussed: 9/28/2022* 7 Adams Local Law F of 2023 A LOCAL LAW AMENDING PART 4 (RESIDENTIAL OCCUPANCY PERMIT AND RENTAL DWELLING REGISTRY) OF CHAPTER 231 (HOUSING) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO REQUIRING SUCH PERMITS FOR SHORT-TERM RENTAL DWELLING UNITS *Referred to Law, Buildings & Code Enforcement | Discussed: 4/3/2024* 8 Anane Local Law L of 2023 A LOCAL LAW AMENDING PART II (GENERAL LEGISLATION) OF THE CODE OF THE CITY OF ALBANY BY ENACTING A NEW CHAPTER 337 TO BE ENTITLED “TOBACCO RETAIL LICENSE” *Referred to Law, Buildings & Code Enforcement* (Revised 10/17/2024) Page 6 of 17 9 Farrell Local Law C of 2024 A LOCAL LAW AMENDING CHAPTER 133 (BUILDING CONSTRUCTION) OF THE CODE OF THE CITY OF ALBANY BY ADDING A NEW ARTICLE XV (GREEN BUILDING REQUIREMENTS) THERETO AND PROVIDING FOR A COOL ROOF REQUIREMENT *Passed the Law, Buildings & Code Enforcement Committee | Discussed: 5/1/2024* 10 Farrell Local Law F of 2024 A LOCAL LAW CREATING A NEW CHAPTER 50 (ETHICS) OF THE CODE OF THE CITY OF ALBANY BY ESTABLISHING A CODE OF ETHICS FOR THE CITY OF ALBANY AND A BOARD OF ETHICS *Referred to Council Operations & Ethics | Discussed: 9/10/2024* 11 Flynn Local Law G of 2024 A LOCAL LAW AMENDING SECTIONS 301 AND 403 OF THE CHARTER OF THE CITY OF ALBANY IN RELATION TO THE DEPUTY MAYOR *Referred to Law, Buildings & Code Enforcement* 12 Robinson Local Law I of 2024 A LOCAL LAW AMENDING PART 36 (COMMISSION ON HUMAN RIGHTS) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO DESIGNATING AN END-OF-TERM DATE FOR COMMISSION MEMBERS *Referred to Human Resources & Human Rights* 13 Keegan Local Law J of 2024 A LOCAL LAW AMENDING ARTICLE III (EXECUTIVE BRANCH) OF THE CHARTER OF THE CITY OF ALBANY AND VARIOUS PROVISIONS OF THE CODE OF THE CITY OF ALBANY IN RELATION TO THE CREATION OF THE DEPARTMENT OF ENGINEERING AND POSITION OF COMMISSIONER OF THE DEPARTMENT OF ENGINEERING, AND PRESCRIBING THE DUTIES THEREOF *Referred to General Services, Health & Environment* (Revised 10/17/2024) Page 7 of 17 Ordinances Introduced 1 Flyrnn Ordinance 29.102.24 AN ORDINANCE AMENDING ARTICLE IV (UTILITY POLE REGULATIONS) OF CHAPTER 171 (ELECTRICITY) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO ENSURING THE QUICK AND EFFECTIVE REMOVAL OF DOUBLE POLES 2 Frederick Ordinance 30.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $937,500 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $937,500 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DEPARTMENT OF LAW – LEGAL SETTLEMENT) 3 Frederick Ordinance 31.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $762,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $494,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – WASHINGTON PARK TRAFFIC RECONFIGURATION) 4 Frederick Ordinance 32.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING– TRAFFIC SPEED REDUCTION) 5 Frederick Ordinance 33.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $330,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $330,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – MAINTENANCE EQUIPMENT) 6 Frederick Ordinance 34.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC STUDIES) 7 Frederick Ordinance 35.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ROADWAY STRIPING) 8 Frederick Ordinance 36.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGNAL IMPROVEMENTS) 9 Frederick Ordinance 37.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $180,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $180,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGN PRINTER) (Revised 10/17/2024) Page 8 of 17 10 Frederick Ordinance 38.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 56.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (TRAFFIC ENGINEERING – TRAFFIC SIGNALS) BY INCREASING SUCH AUTHORIZATION TO $1,500,000 11 Frederick Ordinance 39.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $650,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $650,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREETLIGHTS CAPITAL IMPROVEMENTS) 12 Frederick Ordinance 40.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – GREENHOUSE REPLACEMENT) 13 Frederick Ordinance 41.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,366,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,366,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – WASTE MANAGEMENT PLAN) 14 Frederick Ordinance 42.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $2,747,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $2,747,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – MAINTENANCE EQUIPMENT) 15 Frederick Ordinance 43.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – PUBLIC BATHROOMS) 16 Frederick Ordinance 44.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,178,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,178,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – HUDSON RIVER GATEWAYS) 17 Frederick Ordinance 45.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SECURITY FENCE INSTALLATION) 18 Frederick Ordinance 46.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STREETSCAPE AND PARK FIXTURES) (Revised 10/17/2024) Page 9 of 17 19 Frederick Ordinance 47.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $340,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $340,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – EQUIPMENT & FIXTURES) 20 Frederick Ordinance 48.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $450,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $450,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – CAPITAL HILLS REHABILITATION & IMPROVEMENTS) 21 Frederick Ordinance 49.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STORAGE SHEDS) 22 Frederick Ordinance 50.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ADA COMPLIANCE) 23 Frederick Ordinance 51.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $600,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $600,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – SIDEWALK RECONSTRUCTION) 24 Frederick Ordinance 52.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $5,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREET RECONSTRUCTION) 25 Frederick Ordinance 53.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,210,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,210,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SOLID WASTE VEHICLES & EQUIPMENT) 26 Frederick Ordinance 54.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (INFORMATION TECHNOLOGY – ENTERPRISE RESOURCE PLANNING SYSTEM) 27 Frederick Ordinance 55.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – PUBLIC SAFETY IT SYSTEMS) (Revised 10/17/2024) Page 10 of 17 28 Frederick Ordinance 56.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – POLICE STATION INFRASTRUCTURE IMPROVEMENTS) 29 Frederick Ordinance 57.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – MOTOR VEHICLES) 30 Frederick Ordinance 58.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE VEHICLES) 31 Frederick Ordinance 59.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE STATION INFRASTRUCTURE IMPROVEMENTS) 32 Frederick Ordinance 60.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 66.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $10,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $12,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH AUTHORIZATIONS TO $18,500,000 33 Frederick Ordinance 61.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 67.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $7,400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH AUTHORIZATIONS TO $7,750,000 34 Frederick Ordinance 62.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,220,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,220,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – PLAYGROUNDS) 35 Frederick Ordinance 63.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $390,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $390,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – SPRAY PADS) 36 Frederick Ordinance 64.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – MAINTENANCE EQUIPMENT) (Revised 10/17/2024) Page 11 of 17 Ordinances Held 1 Farrell Ordinance 16.72.22 AN ORDINANCE AMENDING ARTICLE I (BICYCLES AND ALL MOTOR VEHICLES) OF CHAPTER 359 (VEHICLES AND TRAFFIC) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO THE REGULATION OF SKATEBOARDING ON SIDEWALKS *Referred to Law, Buildings & Code Enforcement* 2 Love Ordinance 19.91.22 AN ORDINANCE AMENDING PART 21 (COMMON COUNCIL) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY ENACTING A SUMMER RECESS IN LEGISLATIVE SESSIONS *Referred to Council Operations & Ethics* 3 Anane Ordinance 49.121.22 AN ORDINANCE AMENDING PART 3 (DEPARTMENT OF PUBLIC SAFETY) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO POLICE DEPARTMENT REPORTING REQUIREMENTS *Referred to Public Safety* 4 Romero Ordinance 15.41.23 AN ORDINANCE AMENDING ARTICLE V (COMPLETE STREETS) OF CHAPTER 323 (STREETS AND SIDEWALKS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO PEDESTRIAN SIGNALIZATION AND PEDESTRIAN INTERVALS *Referred to Law, Buildings & Code Enforcement | Discussed: 6/26/2023* 5 Farrell Ordinance 16.42.23 AN ORDINANCE AMENDING ARTICLE V (UNNECESSARY AND UNUSUAL NOISES) OF CHAPTER 255 (PEACE AND GOOD ORDER) OF THE CODE OF THE CITY OF ALBANY *Referred to Law, Buildings & Code Enforcement | Discussed: 9/24/2024* 6 Kimbrough Ordinance 26.61.23 AN ORDINANCE AMENDING CHAPTER 48 (EQUAL OPPORTUNITY PROTECTIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO EXPANDING THE SCOPE OF MINORITY AND WOMEN- OWNED AND CONTROLLED BUSINESSES *Referred to Human Resources & Human Rights | Discussed: 9/14/2023* 7 Keegan Ordinance 28.62.23 AN ORDINANCE AMENDING CHAPTER 313 (SOLID WASTE) OF THE CODE OF THE CITY OF ALBANY BY ADDING A PERMITTING SYSTEM FOR COMMERCIAL HAULERS OF SOLID WASTE *Referred to General Services, Health & Environment | Discussed: 7/31/2023* 8 Adams Ordinance 33.82.23 AN ORDINANCE AUTHORIZING THE SALE OF CITY-OWNED PARCELS AT 34 IRVING STREET (TAX MAP PARCEL NUMBER 76.40-2-10), 38 IRVING STREET (TAX MAP PARCEL NUMBER 76.40-2-9), AND 181 MYRTLE AVENUE (TAX MAP PARCEL NUMBER 76.40-2-37) TO CAPITAL ROOTS, INC. *Referred to Finance, Assessment and Taxation | Discussed: 9/18/2023* 9 Adams Ordinance 35.92.23 AN ORDINANCE AMENDING ARTICLE XIII (PARKING METERS) OF CHAPTER 359 (VEHICLES AND TRAFFIC) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO RENAMING COLUMBUS DAY TO INDIGENOUS PEOPLES DAY *Referred to Law, Buildings & Code Enforcement* (Revised 10/17/2024) Page 12 of 17 10 Romero Ordinance 38.101.23 AN ORDINANCE AMENDING ARTICLE XII (VEHICLE AND TRAFFIC CONTROLS) OF CHAPTER 359 (VEHICLES AND TRAFFIC) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO PEDESTRIAN SAFETY INFRASTRUCTURE *Referred to Law, Buildings & Code Enforcement | Discussed: 4/3/2024* 11 Flynn Ordinance 4.21.24 AN ORDINANCE AMENDING ARTICLE I (REMOVAL OF GARBAGE) CHAPTER 313 (SOLID WASTE) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO THE FINE STRUCTURE FOR VIOLATIONS OF THE SAID ARTICLE *Referred to Law, Buildings & Code Enforcement* 12 Adams Ordinance 8.32.24 AN ORDINANCE AMENDING CHAPTER 359 (VEHICLES AND TRAFFIC) OF THE CODE OF THE CITY OF ALBANY ALLOWING MORE EMPLOYEE RESIDENTIAL PARKING PERMITS *Referred to Law, Buildings & Code Enforcement* 13 Johnson Ordinance 11.51.24 AN ORDINANCE OF THE COMMON COUNCIL AUTHORIZING THE SALE OF 92 ALEXANDER STREET (TAX MAP PARCEL NUMBER 76.64-2-11) TO BENJAMIN MORTON *Referred to Finance, Assessment and Taxation* 14 Romero Ordinance 14.51.24 AN ORDINANCE AMENDING PART 10 (BOARD OF CONTRACT AND SUPPLY) OF CHAPTER 42 (DEPARTMENTS AND COMMISSIONS) OF THE CODE OF THE CITY OF ALBANY TO REQUIRE PROJECT LABOR AGREEMENTS IN THE CITY OF ALBANY FOR CERTAIN CONSTRUCTION PROJECTS *Referred to Law, Buildings & Code Enforcement* 15 Romero Ordinance 15.51.24 AN ORDINANCE AMENDING CHAPTER 62 (LABOR) OF PART I (ADMINISTRATIVE LEGISLATION) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO PROHIBITING UNJUST TERMINATIONS *Referred to Law, Buildings & Code Enforcement* 16 Flynn Ordinance 17.53.24 AN ORDINANCE REPEALING PART 3 (CABARETS) OF CHAPTER 111 (AMUSEMENTS) OF THE CODE OF THE CITY OF ALBANY *Referred to Planning, Economic Development & Land Use | Discussed: 9/9/2024* 17 Farrell Ordinance 18.61.24 AN ORDINANCE AMENDING PART II OF THE CODE OF THE CITY OF ALBANY IN RELATION TO CREATING A PILOT PROGRAM FOR STREET PERFORMERS *Referred to Law, Buildings & Code Enforcement | Discussed: 9/24/2024* 18 Keegan Ordinance 19.62.24 AN ORDINANCE AMENDING ARTICLE VIII (PUBLIC NUISANCE ABATEMENT) OF CHAPTER 255 (PEACE AND GOOD ORDER) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO CORRECTING DEFINITIONS TO MATCH STATE LAW *Passed the Law, Buildings & Code Enforcement Committee | Discussed: 9/24/2024* (Revised 10/17/2024) Page 13 of 17 19 Romero Ordinance 20.62.24 AN ORDINANCE AMENDING SECTION 357-74 (“ESTABLISHMENT OF A RESIDENTIAL PARKING PERMIT SYSTEM”) OF CHAPTER 359 (“VEHICLES AND TRAFFIC”) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO MODIFYING THE BOUNDARIES OF THE RESIDENTIAL PARKING PERMIT SYSTEM *Referred to Planning, Economic Development & Land Use* 20 Frederick Ordinance 21.71.24 AN ORDINANCE AMENDING ARTICLE II (TRAFFIC REGULATIONS) OF CHAPTER 359 (VEHICLES AND TRAFFIC) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO TRUCK PARKING RESTRICTIONS *Referred to Law, Buildings & Code Enforcement* 21 Keegan Ordinance 22.72.24 AN ORDINANCE AMENDING ARTICLE IX (PROHIBITION AGAINST CERTAIN FORMS OF AGGRESSIVE SOLICITATION) OF CHAPTER 255 (PEACE AND GOOD ORDER) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO EXPANDING THE DEFINITIONS OF AGGRESSIVE SOLICITATION *Referred to Public Safety* 22 Anane Ordinance 23.81.24 AN ORDINANCE AMENDING CHAPTER 375 (UNIFIED SUSTAINABLE DEVELOPMENT ORDINANCE) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO ADDING SINGLE-, TWO-, AND THREE- UNIT DETATCHED DWELLINGS AS PERMITTED USES IN THE MU-CI ZONING DISTRICT *Referred to Planning, Economic Development & Land Use | Discussion: 10/28/2024* 23 Farrell Ordinance 24.81.24 AN ORDINANCE AMENDING CHAPTER 359 (VEHICLES AND TRAFFIC) AND CHAPTER 251 (PARKS AND RECREATION) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO THE OPERATION OF ACTIVE TRANSPORTATION IN THE CITY OF ALBANY *Referred to Law, Buildings & Code Enforcement | Discussed: 9/24/2024* 24 Farrell Ordinance 25.82.24 AN ORDINANCE AMENDING ARTICLE XXI (GENERAL PROVISIONS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO DUTIES OF THE BOARD OF ASSESSMENT REVIEW *Referred to Finance, Assessment and Taxation* 25 Kimbrough Ordinance 26.91.24 AN ORDINANCE AMENDING ARTICLE IIA (HONORARY STREET NAMINGS) OF CHAPTER 323 (STREETS AND SIDEWALKS) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO EXPANDING AND CLARIFYING HONORARY STREET NAMINGS BY ELECTED OFFICIALS *Referred to General Services, Health & Environment* 26 Anane Ordinance 27.91.24 AN ORDINANCE AMENDING CHAPTER 375 (UNIFIED SUSTAINABLE DEVELOPMENT ORDINANCE) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO EXPANDING THE AFFORDABLE HOUSING INCENTIVE *Referred to Planning, Economic Development & Land Use* 27 Frederick Ordinance 28.101.24 AN ORDINANCE ADOPTING THE CITY OF ALBANY BUDGET FOR FISCAL YEAR 2025, AS PRESENTED BY THE MAYOR ON OCTOBER 1, 2024 *Referred to Finance, Assessment and Taxation* (Revised 10/17/2024) Page 14 of 17 Resolutions Introduced 1 Anane *Under Consideration* Resolution 117.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 20, 2024 TO BE COMMUNITY MEDIA DAY IN THE CITY OF ALBANY 2 Anane *Under Consideration* Resolution 118.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 21, 2024 THROUGH OCTOBER 27, 2024 AS FREE SPEECH WEEK IN THE CITY OF ALBANY 3 Hoey Resolution 119.102.24R A RESOLUTION OF THE COMMON COUNCIL APPOINTING EMILY SOWEK AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD 4 Hoey *Under Consideration* Resolution 120.102.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING MILTON MANUEL ARROYO AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD 5 Romero *Under Consideration* Resolution 121.102.24R A RESOLUTION OF THE COMMON COUNCIL URGING THE NEW YORK STATE GOVERNMENT TO PASS A BUDGET IN 2025 THAT RAISES TAXES ON THE WEALTHIEST NEW YORKERS AND FUNDS INVESTMENTS (Revised 10/17/2024) Page 15 of 17 Resolutions Held 1 Hoey Resolution 14.21.22R A RESOLUTION OF THE COMMON COUNCIL EXPRESSING ITS DESIRE TO CREATE A BIKE/WALKING TRAIL ALONG THE NEW YORK STATE THRUWAY *Referred to Parks, Recreation & Family Services* 2 Clarke Resolution 9.21.23R A RESOLUTION OF THE COMMON COUNCIL HONORING THE LIFE OF BEVERLY BARDEQUEZ AND RENAMING A PORTION OF RAPP ROAD IN HER HONOR *Passed the General Services, Health & Environment Committee | Discussed: 2/15/2023* 3 Adams Resolution 95.92.23R A RESOLUTION OF THE COMMON COUNCIL DECLARING THE SECOND MONDAY IN OCTOBER OF EACH YEAR AS INDIGENOUS PEOPLES' DAY IN ALBANY *Referred to Law, Buildings & Code Enforcement* 4 Love Resolution 9.12.24R (MC) A RESOLUTION OF THE COMMON COUNCIL RECOGNIZING INCREASED VIOLENCE IN THE CITY OF ALBANY AND REAFFIRMING THE COUNCIL’S COMMITMENT TO A PERMANENT END TO VIOLENCE IN OUR COMMUNITIES *Referred to Public Safety | Discussed: 2/13/2024* 5 Keegan *Under Consideration* Resolution 54.53.24R A RESOLUTION OF THE COMMON COUNCIL ENCOURAGING OUR COMMUNITY TO SUPPORT THE EQUAL RIGHTS AMENDMENT 6 Robinson Resolution 77.72.24R A RESOLUTION OF THE COMMON COUNCIL HONORING THE LIFE AND LEGACY OF GAIL S. ELLIOT AND RENAMING A PORTION OF NORTHERN BOULEVARD IN HER HONOR *Referred to General Services, Health & Environment* 7 Frederick Resolution 82.81.24R A RESOLUTION OF THE COMMON COUNCIL APPROVING A TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL *Referred to Finance, Assessment and Taxation* 8 Robinson Resolution 86.81.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING RICHARD CONTI AS A MEMBER OF THE COMMISSION ON HUMAN RIGHTS *Referred to Human Resources & Human Rights* 9 Robinson Resolution 89.82.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING THOMAS MUELLER AS A MEMBER OF THE COMMISSION ON HUMAN RIGHTS *Referred to Human Resources & Human Rights* 10 Balarin Resolution 93.91.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING TINA LIEBERMAN AS A MEMBER OF THE SUSTAINABILITY COMMISSION *Referred to Planning, Economic Development & Land Use* (Revised 10/17/2024) Page 16 of 17 11 Balarin Resolution 94.91.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING GABRIELLA CEBADA MORA AS A MEMBER OF THE SUSTAINABILITY COMMISSION *Referred to Planning, Economic Development & Land Use* 12 Robinson Resolution 95.91.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING NATISHA M. ALEXANDER AS A MEMBER OF THE COMMISSION ON HUMAN RIGHTS *Referred to Human Resources & Human Rights* 13 Balarin Resolution 102.92.24R A RESOLUTION OF THE COMMON COUNCIL AUTHORIZING THE EXECTUION OF A FRANCHISE AGREEMENT WITH SPECTRUM NORTHEAST LLC *Referred to Planning, Economic Development & Land Use* 14 Frederick Resolution 105.92.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING STEPHEN MCLAUGHLIN AS A MEMBER OF THE BOARD OF ASSESSMENT REVIEW *Referred to Finance, Assessment and Taxation* 15 Frederick *Under Consideration* Resolution 107.101.24R A RESOLUTION OF THE COMMON COUNCIL APPROVING A TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL *Passed the Finance, Assessment and Taxation Committee | Discussed: 10/15/2024* 16 Frederick Resolution 108.101.24R A RESOLUTION OF THE COMMON COUNCIL ESTABLISHING THE LOCALLY-ADJUSTED BASE PROPORTIONS OF THE HOMESTEAD AND NON-HOMESTEAD CLASSES FOR PROPERTY TAX PURPOSES PURSUANT TO ARTICLE 19 OF THE REAL PROPERTY TAX LAW *Referred to Finance, Assessment and Taxation* (Revised 10/17/2024) Page 17 of 17 COMMON COUNCIL OF THE CITY OF ALBANY SUPPORT LEGISLATION OCTOBER 21, 2024 LOCAL LAWS K of 2024 A LOCAL LAW OVERRIDING THE TAX LEVY LIMIT LAW FOR FISCAL YEAR 2025 ORDINANCES 29.102.24 AN ORDINANCE AMENDING ARTICLE IV (UTILITY POLE REGULATIONS) OF CHAPTER 171 (ELECTRICITY) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO ENSURING THE QUICK AND EFFECTIVE REMOVAL OF DOUBLE POLES 30.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $937,500 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $937,500 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DEPARTMENT OF LAW – LEGAL SETTLEMENT) 31.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $762,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $494,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – WASHINGTON PARK TRAFFIC RECONFIGURATION) 32.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING– TRAFFIC SPEED REDUCTION) 33.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $330,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $330,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – MAINTENANCE EQUIPMENT) 34.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC STUDIES) 35.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ROADWAY STRIPING) 36.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGNAL IMPROVEMENTS) 37.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $180,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $180,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGN PRINTER) 38.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 56.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (TRAFFIC ENGINEERING – TRAFFIC SIGNALS) BY INCREASING SUCH AUTHORIZATION TO $1,500,000 39.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $650,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $650,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREETLIGHTS CAPITAL IMPROVEMENTS) 40.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – GREENHOUSE REPLACEMENT) 41.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,366,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,366,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – WASTE MANAGEMENT PLAN) 42.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $2,747,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $2,747,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – MAINTENANCE EQUIPMENT) 43.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – PUBLIC BATHROOMS) 44.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,178,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,178,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – HUDSON RIVER GATEWAYS) 45.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SECURITY FENCE INSTALLATION) 46.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STREETSCAPE AND PARK FIXTURES) 47.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $340,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $340,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – EQUIPMENT & FIXTURES) 48.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $450,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $450,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – CAPITAL HILLS REHABILITATION & IMPROVEMENTS) 49.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STORAGE SHEDS) 50.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ADA COMPLIANCE) 51.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $600,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $600,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – SIDEWALK RECONSTRUCTION) 52.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $5,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREET RECONSTRUCTION) 53.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,210,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,210,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SOLID WASTE VEHICLES & EQUIPMENT) 54.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (INFORMATION TECHNOLOGY – ENTERPRISE RESOURCE PLANNING SYSTEM) 55.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – PUBLIC SAFETY IT SYSTEMS) 56.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – POLICE STATION INFRASTRUCTURE IMPROVEMENTS) 57.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – MOTOR VEHICLES) 58.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE VEHICLES) 59.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE STATION INFRASTRUCTURE IMPROVEMENTS) 60.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 66.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $10,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $12,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH AUTHORIZATIONS TO $18,500,000 61.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 67.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $7,400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH AUTHORIZATIONS TO $7,750,000 62.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,220,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,220,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – PLAYGROUNDS) 63.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $390,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $390,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – SPRAY PADS) 64.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – MAINTENANCE EQUIPMENT) RESOLUTIONS 117.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 20, 2024 TO BE COMMUNITY MEDIA DAY IN THE CITY OF ALBANY 118.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 21, 2024 THROUGH OCTOBER 27, 2024 AS FREE SPEECH WEEK IN THE CITY OF ALBANY 119.102.24R A RESOLUTION OF THE COMMON COUNCIL APPOINTING EMILY SOWEK AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD 120.102.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING MILTON MANUEL ARROYO AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD 121.102.24R A RESOLUTION OF THE COMMON COUNCIL URGING THE NEW YORK STATE GOVERNMENT TO PASS A BUDGET IN 2025 THAT RAISES TAXES ON THE WEALTHIEST NEW YORKERS AND FUNDS INVESTMENTS Council Member Frederick, on behalf of the Committee on Finance, Assessment and Taxation, introduced the following: LOCAL LAW K OF 2024 A LOCAL LAW OVERRIDING THE TAX LEVY LIMIT LAW FOR FISCAL YEAR 2025 Be it enacted, by the Common Council of the City of Albany, as follows: Section 1. Legislative intent. It is the intent of the Common Council to minimize the real property tax burden on the City’s residents and businesses. Recognizing the need for increased non-property tax revenues to support the services the City must and desires to provide, the Common Council supports the request the Mayor has made to the State of New York to increase the funding the State provides in exchange for its $6.5 billion-worth of real property within the City that is non-taxable. In the event the State enacts the Mayor’s request as proposed, $20 million of funding would be reclassified from miscellaneous State Aid to Payments in Lieu of Taxes (PILOTs). This action would cause the City to exceed the Tax Levy Limit Law for fiscal year 2025 despite the increase in the City tax levy for fiscal year 2025 being compliant with the tax levy limit law, absent this reclassification of revenues. In recognition of the foregoing, the Common Council desires to authorize the override of the Tax Levy Limit Law for fiscal year 2025. Section 2. The Common Council hereby overrides the tax levy limit law pursuant to section 3-c (5) of General Municipal Law of the State of New York, and the City is authorized to exceed the tax levy limit for fiscal year 2025 as determined by the formula established by section 3-c (3) (c) of General Municipal Law of the State of New York. Section 3. This law shall take effect immediately upon final passage, public hearing, and filing with the Secretary of State. APPROVED AS TO FORM THIS 11TH DAY OF OCTOBER, 2024 ___________________________ CORPORATION COUNSEL To: Shaniqua Jackson, City Clerk From: Brett Williams, Esq., Senior Assistant Corporation Counsel Gideon Grande, Budget Director Re: Common Council Legislation Supporting Memorandum Date: October 1, 2024 Sponsor: Council Member Frederick, on behalf of the Committee on Finance, Assessment and Taxation LOCAL LAW K of 2024 TITLE A LOCAL LAW OVERRIDING THE TAX LEVY LIMIT LAW FOR FISCAL YEAR 2025 GENERAL PURPOSE OF LEGISLATION This local law would override the tax levy limit law in order to accommodate the reclassification of certain payments from the State from miscellaneous State Aid to Payments in Lieu of Tax. The City is authorized to do so by General Municipal Law § 3-c(5). NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW In the event the State enacts the Mayor’s request as proposed, $20 million of funding would be shifted from miscellaneous State Aid to Payments in Lieu of Taxes (PILOTs). This action would cause the City to exceed the Tax Levy Limit Law for fiscal year 2025 despite the increase in the City tax levy for fiscal year 2025 being tax levy limit law compliant. This local law requires a three-fifths vote of the Common Council to become law. FISCAL IMPACTS This local law has no fiscal impact as compared to the Mayor’s 2025 Proposed Budget. Council Member Flynn, on behalf of the General Services, Health and Environment Committee, introduced the following: ORDINANCE 29.102.24 AN ORDINANCE AMENDING ARTICLE IV (UTILITY POLE REGULATIONS) OF CHAPTER 171 (ELECTRICITY) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO ENSURING THE QUICK AND EFFECTIVE REMOVAL OF DOUBLE POLES The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. Section 171-58 (Notice to remove unnecessary utility poles) of article IV (Utility Pole Regulations) of chapter 171 (Electricity) of Part II (General Legislation) of the Code of the City of Albany is hereby amended to read as follows: A. Damaged Poles. When the Department or its duly authorized agent determines that a utility pole in a City road right-of-way is damaged and poses a potential threat to public safety, the Department, or its duly authorized agent, shall notify any public utility with a plant on the damaged pole that it must remove its plant from the pole or be subject to a penalty. A public utility must remove its plant from the damaged pole within 15 days of receiving such notification from the Department or its duly authorized agent. After all plants have been removed from the damaged pole, the owner of the damaged pole shall remove said pole with 60 days after receiving notification from the Department or its duly authorized agent. B. Double Poles. When the Department, or its duly authorized agent, determines that a double pole is in a City road right-of-way, the Department or its duly authorized agent will notify the public utility which has the top plant on the double pole that the plant owner of the pole that the pole must be removed within 90180 days or be subject to penalty. Upon removal of the top plant, each subsequent public utility with a plant on a double pole will have 90 days to remove such plant from the date it receives notification from the Department or its duly authorized agent. Upon the owner’s receipt of this notice, the owner must send written notification to all interested parties to remove their plants from the pole within 45 days. Copies of all notices sent to interested parties must also be forwarded to the Department. The owner’s notice to interested parties must also include the following language: “Failure to remove your plant from this pole within 45 days of receipt of this notice will result in fines from the City of Albany not to exceed $1,000 per day that the violation continues. This is a required notice under Albany City Code § 171-58.” The owner of such double pole shall remove said pole within 180 days from receipt of notice from the Department, provided all plants have been properly and timely removed. If all plants have not been removed, despite proper notice to the plant owner(s), the owner of the pole must submit to the Department information identifying which parties have failed to comply with the removal notice, at which point the Department shall issue a notice informing the noncompliant party of their duty to remove the plant as well as the fine amount per day of continued noncompliance. For noncompliance continuing more than 45 days after the 180 Matter in strikethrough to be deleted. Matter underlined is new material. day deadline has passed, the Department will remove the plant and send an invoice to the responsible party for the cost of removal. C. After all plants have been removed from the double pole, the public utility which owns the double pole shall remove said pole within 60 days after receiving notification from the Department or its duly authorized agent. This The provisions of this section shall not nullify or limit any private agreement between and among public utilities that assign responsibility for pole removal. Section 2. This ordinance shall take effect immediately after enactment. APPROVED AS TO FORM THIS 11TH DAY OF OCTOBER, 2024 ________________________________ Corporation Counsel Matter in strikethrough to be deleted. Matter underlined is new material. To: Shaniqua Jackson, City Clerk From: Jason R. Thomas, Esq., Assistant Corporation Counsel Brett T. Williams, Esq., Senior Assistant Corporation Counsel Re: Common Council Legislation Supporting Memorandum Date: October 10, 2023 Sponsor: Council Member Flynn, on behalf of the General Services, Health and Environment Committee ORDINANCE 29.102.24 TITLE AN ORDINANCE AMENDING ARTICLE IV (UTILITY POLE REGULATIONS) OF CHAPTER 171 (ELECTRICITY) OF THE CODE OF THE CITY OF ALBANY IN RELATION TO ENSURING THE QUICK AND EFFECTIVE REMOVAL OF DOUBLE POLES GENERAL PURPOSE OF LEGISLATION This ordinance alters how notifications are handled for the removal of double utility poles in Albany. In the past, the City of Albany was tasked with notifying all parties involved when a double pole needed to be removed. This included trying to inform parties that the City couldn't easily identify, which was often challenging and time-consuming. The new ordinance shifts this responsibility to the owners of the poles instead. NECESSITY FOR LEGISLATION AND CHANGES TO EXISTING LAW Currently, the City is unable to effectively have double poles removed as the information relating to whose fixtures are on what poles is unavailable. Additionally, utilities regularly shift blame unto one another when told to remove fixtures in order to remove a pole. Placing this burden on the owner will greatly expedite this process, as utilities will be receiving notice from the pole’s owner, not the City, to remove their plants or face fines. Additionally, this creates much needed pressure on businesses to adhere to the terms of their initial permits, which also require the removal of double poles, but have not been followed or enforced due to the constraints of the current law. FISCAL IMPACT(S) This ordinance will increase the amount of fines the City is able to levy against public utilities and utility pole owners. Matter in strikethrough to be deleted. Matter underlined is new material. Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 30.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $937,500 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $937,500 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DEPARTMENT OF LAW – LEGAL SETTLEMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Payments associated with large multi- year structured settlement Local Finance Law Section 11(a) Clause: (33)(a) Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $937,500 Maximum Amount of Bonds: $937,500 Treasurer’s Project Number(s): GH.1420.9215 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $937,500 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 31.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $762,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $494,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – WASHINGTON PARK TRAFFIC RECONFIGURATION) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Design of elements to implement Washington Park traffic flow plan Local Finance Law Section 11(a) Clause: 62 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $762,000 Maximum Amount of Bonds: $494,000 Treasurer’s Project Number(s): GH.1440.3310.9511 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $494,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 32.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING– TRAFFIC SPEED REDUCTION) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Installation of speed reduction elements on roadways City-wide Local Finance Law Section 11(a) Clause: 20(d) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $1,000,000 Maximum Amount of Bonds: $1,000,000 Treasurer’s Project Number(s): GH.1440.3110.9514 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,000,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 33.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $330,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $330,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – MAINTENANCE EQUIPMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Replacing light duty hybrid truck with trailer and HD sign repair truck equipped with necessary tools Local Finance Law Section 11(a) Clause: 28 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $330,000 Maximum Amount of Bonds: $330,000 Treasurer’s Project Number(s): GH.1440.3310.9516 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $330,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 34.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC STUDIES) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Conduct traffic studies related to pedestrian, bicycle, and vehicle circulation to determine means to improve traffic flow Local Finance Law Section 11(a) Clause: 62 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $150,000 Maximum Amount of Bonds: $150,000 Treasurer’s Project Number(s): GH.1440.3310.9517 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $150,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 35.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ROADWAY STRIPING) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Replacing pavement markings Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $300,000 Maximum Amount of Bonds: $300,000 Treasurer’s Project Number(s): GH.1440.3110.9518 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $300,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 36.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGNAL IMPROVEMENTS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Replacing and upgrading existing traffic signaling equipment Local Finance Law Section 11(a) Clause: 72(a) Period of Probable Usefulness: 20 years Maximum Term of Obligations: 20 years Maximum Estimated Cost: $1,100,000 Maximum Amount of Bonds: $1,100,000 Treasurer’s Project Number(s): GH.1440.3310.9519 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,100,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 37.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $180,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $180,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – TRAFFIC SIGN PRINTER) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition of traffic sign printer Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $180,000 Maximum Amount of Bonds: $180,000 Treasurer’s Project Number(s): GH.1440.3310.9520 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $180,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Committee on Finance, Assessment, and Taxation, introduced the following: ORDINANCE 38.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 56.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (TRAFFIC ENGINEERING – TRAFFIC SIGNALS) BY INCREASING SUCH AUTHORIZATION TO $1,500,000 The City of Albany, in Common Council Convened, does hereby ordain and enact: Section 1. Sections 1 and 2 of Ordinance 56.102.23, passed by the Common Council on November 6, 2023, are hereby amended to read as follows: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose: Object or Purpose: Preparation of surveys, plans, specifications, and estimates as necessary for future installation of EV infrastructure Local Finance Law Section 11(a) Clause: (62)(a) 10 Period of Probable Usefulness: 5 10 years Maximum Term of Obligations: 5 10 years Maximum Estimated Cost: $500,000 $1,500,000 Maximum Amount of Bonds: $500,000 $1,500,000 Treasurer’s Project Number(s): GH.1440.9403 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $500,000 $1,500,000 serial bonds hereby authorized to be issued. Section 2. Ordinance 56.102.23, as herein amended, is hereby ratified, continued, and approved. Section 3. This ordinance shall take effect immediately. Material in strikethrough to be deleted. Matter underlined is new material. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 ______________________________ Corporation Counsel Material in strikethrough to be deleted. Matter underlined is new material. Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 39.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $650,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $650,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREETLIGHTS CAPITAL IMPROVEMENTS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Upgrades to City’s street lighting system Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $650,000 Maximum Amount of Bonds: $650,000 Treasurer’s Project Number(s): GH.1440.9515 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $650,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 40.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $100,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $100,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – GREENHOUSE REPLACEMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Construction of greenhouse at DGS heaquarters Local Finance Law Section 11(a) Clause: 11(2)(c) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $100,000 Maximum Amount of Bonds: $100,000 Treasurer’s Project Number(s): GH.1491.1490.9302 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $100,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 41.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,366,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,366,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – WASTE MANAGEMENT PLAN) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Ongoing implementation of the Waste Management Plan Local Finance Law Section 11(a) Clause: 6 Period of Probable Usefulness: 25 years Maximum Term of Obligations: 25 years Maximum Estimated Cost: $3,366,000 Maximum Amount of Bonds: $3,366,000 Treasurer’s Project Number(s): GH.1491.1490.9306 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $3,366,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 42.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $2,747,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $2,747,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – MAINTENANCE EQUIPMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Machinery and equipment needed to maintain golf course, parks, and other services throughout City Local Finance Law Section 11(a) Clause: 28 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $2,747,000 Maximum Amount of Bonds: $2,747,000 Treasurer’s Project Number(s): GH.1491.1490.9501 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $2,747,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 43.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – PUBLIC BATHROOMS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition and installation of automated restroom facilities City- wide Local Finance Law Section 11(a) Clause: 11(2)(b) Period of Probable Usefulness: 25 years Maximum Term of Obligations: 25 years Maximum Estimated Cost: $1,000,000 Maximum Amount of Bonds: $1,000,000 Treasurer’s Project Number(s): GH.1491.1490.9502 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,000,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 44.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,178,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,178,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – HUDSON RIVER GATEWAYS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Enhancements to north Hudson River gateway Local Finance Law Section 11(a) Clause: 35 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $1,178,000 Maximum Amount of Bonds: $1,178,000 Treasurer’s Project Number(s): GH.1491.1490.9503 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,178,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 45.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SECURITY FENCE INSTALLATION) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Purchase & installation of fencing materials at various City properties Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $500,000 Maximum Amount of Bonds: $500,000 Treasurer’s Project Number(s): GH.1491.1490.9504 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $500,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 46.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $250,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STREETSCAPE AND PARK FIXTURES) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition and installation of streetscape and park fixtures Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $250,000 Maximum Amount of Bonds: $250,000 Treasurer’s Project Number(s): GH.1491.1490.9525 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $250,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 47.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $340,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $340,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – EQUIPMENT & FIXTURES) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition of new and replacement of worn equipment Local Finance Law Section 11(a) Clause: 32 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $340,000 Maximum Amount of Bonds: $340,000 Treasurer’s Project Number(s): GH.1491.1490.9526 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $340,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 48.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $450,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $450,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – CAPITAL HILLS REHABILITATION & IMPROVEMENTS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Maintenance, improvements, and enhancements to Capital Hills Local Finance Law Section 11(a) Clause: 54 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $450,000 Maximum Amount of Bonds: $450,000 Treasurer’s Project Number(s): GH.1491.1490.9527 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $450,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 49.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – STORAGE SHEDS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition and installation of storage structures Local Finance Law Section 11(a) Clause: 11(2)(c) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $300,000 Maximum Amount of Bonds: $300,000 Treasurer’s Project Number(s): GH.1491.1490.9528 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $300,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 50.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – ADA COMPLIANCE) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Ensuring sidewalks are ADA compliant Local Finance Law Section 11(a) Clause: 24 Period of Probable Usefulness: 10 years Maximum Term of Obligations: 10 years Maximum Estimated Cost: $1,000,000 Maximum Amount of Bonds: $1,000,000 Treasurer’s Project Number(s): GH.1492.5010.9508 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,000,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 51.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $600,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $600,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – SIDEWALK RECONSTRUCTION) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Sidewalk reconstruction Local Finance Law Section 11(a) Clause: 24 Period of Probable Usefulness: 10 years Maximum Term of Obligations: 10 years Maximum Estimated Cost: $600,000 Maximum Amount of Bonds: $600,000 Treasurer’s Project Number(s): GH.1492.5010.9512 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $600,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 52.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $5,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (ENGINEERING – STREET RECONSTRUCTION) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Street reconstruction Local Finance Law Section 11(a) Clause: 20(d) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $5,000,000 Maximum Amount of Bonds: $5,000,000 Treasurer’s Project Number(s): GH.1492.5010.9513 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $5,000,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 53.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $3,210,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $3,210,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (DGS – SOLID WASTE VEHICLES & EQUIPMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Vehicles for waste collection and landfill operations Local Finance Law Section 11(a) Clause: 6 Period of Probable Usefulness: 10 years Maximum Term of Obligations: 10 years Maximum Estimated Cost: $3,210,000 Maximum Amount of Bonds: $3,210,000 Treasurer’s Project Number(s): GH.1493.8160.9524 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $3,210,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 54.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (INFORMATION TECHNOLOGY – ENTERPRISE RESOURCE PLANNING SYSTEM) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition and implementation of City-wide financial and HR ERP software Local Finance Law Section 11(a) Clause: 81(a) Period of Probable Usefulness: 10 years Maximum Term of Obligations: 10 years Maximum Estimated Cost: $1,500,000 Maximum Amount of Bonds: $1,500,000 Treasurer’s Project Number(s): GH.1680.9523 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,500,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 55.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – PUBLIC SAFETY IT SYSTEMS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition of integrated records management and computer-aided dispatch systems Local Finance Law Section 11(a) Clause: 98 Period of Probable Usefulness: 10 years Maximum Term of Obligations: 10 years Maximum Estimated Cost: $750,000 Maximum Amount of Bonds: $750,000 Treasurer’s Project Number(s): GH.3120.9320 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $750,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 56.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $500,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $500,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – POLICE STATION INFRASTRUCTURE IMPROVEMENTS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Physical improvements to APD facilities Local Finance Law Section 11(a) Clause: 12(a)(2) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $500,000 Maximum Amount of Bonds: $500,000 Treasurer’s Project Number(s): GH.3120.9521 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $500,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 57.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (APD – MOTOR VEHICLES) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Acquisition of replacement vehicles per APD’s replacement schedule Local Finance Law Section 11(a) Clause: 29 Period of Probable Usefulness: 5 years Maximum Term of Obligations: 5 years Maximum Estimated Cost: $300,000 Maximum Amount of Bonds: $300,000 Treasurer’s Project Number(s): GH.3120.9522 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $300,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 58.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,750,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,750,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE VEHICLES) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Purchase of a ladder truck Local Finance Law Section 11(a) Clause: 27 Period of Probable Usefulness: 20 years Maximum Term of Obligations: 20 years Maximum Estimated Cost: $1,750,000 Maximum Amount of Bonds: $1,750,000 Treasurer’s Project Number(s): GH.3410.9507 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1,750,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 59.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $300,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $300,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (AFD – FIRE STATION INFRASTRUCTURE IMPROVEMENTS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Rehabilitation and infrastructure improvements at City firehouses Local Finance Law Section 11(a) Clause: 12(a)(2) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $300,000 Maximum Amount of Bonds: $300,000 Treasurer’s Project Number(s): GH.3410.9510 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $300,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Committee on Finance, Assessment, and Taxation, introduced the following: ORDINANCE 60.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 66.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $10,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $12,000,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH MAXIMUM ESTIAMTED COST TO $20,500,000 AND SUCH AUTHORIZATIONS TO $18,500,000 The City of Albany, in Common Council Convened, does hereby ordain and enact: Section 1. Sections 1 and 2 of Ordinance 66.102.23, passed by the Common Council on November 20, 2023, are hereby amended to read as follows: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose: Object or Purpose: Reconstruction or improvements to the West Hill Community Center Local Finance Law Section 11(a) Clause: (12)(a)(2) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $10,000,000 $20,500,000 Maximum Amount of Bonds: $12,000,000 $18,500,000 Treasurer’s Project Number(s): GH.7110.9390.01 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $12,000,000 $18,500,000 serial bonds hereby authorized to be issued. Section 2. Ordinance 66.102.23, as herein amended, is hereby ratified, continued, and approved. Section 3. This ordinance shall take effect immediately. Matter in strikethrough to be deleted. Matter underlined is new material. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 ______________________________ Corporation Counsel Matter in strikethrough to be deleted. Matter underlined is new material. Council Member Frederick, on behalf of the Committee on Finance, Assessment, and Taxation, introduced the following: ORDINANCE 61.102.24 AN ORDINANCE AMENDING ORDINANCE NUMBER 67.102.23, WHICH AUTHORIZED CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $5,000,000 AND AUTHORIZED THE LEASE FINANCING OR THE ISSUANCE OF $7,400,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – WEST HILL COMMUNITY CENTER) BY INCREASING SUCH MAXIMUM ESTIMATED COST TO $10,150,000 AND SUCH AUTHORIZATIONS TO $7,750,000 The City of Albany, in Common Council Convened, does hereby ordain and enact: Section 1. Sections 1 and 2 of Ordinance 67.102.23, passed by the Common Council on November 20, 2023, are hereby amended to read as follows: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose: Object or Purpose: Reconstruction or improvements to the Hoffman Community Center Local Finance Law Section 11(a) Clause: (12)(a)(2) Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $5,000,000 $10,150,000 Maximum Amount of Bonds: $7,400,000 $7,750,000 Treasurer’s Project Number(s): GH.7110.9393 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $7,400,000 $7,750,000 serial bonds hereby authorized to be issued. Section 2. Ordinance 67.102.23, as herein amended, is hereby ratified, continued, and approved. Section 3. This ordinance shall take effect immediately. Matter in strikethrough to be deleted. Matter underlined is new material. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 ______________________________ Corporation Counsel Matter in strikethrough to be deleted. Matter underlined is new material. Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 62.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $1,220,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $1,220,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – PLAYGROUNDS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Improvements to playgrounds City- wide Local Finance Law Section 11(a) Clause: 19 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $1,220,000 Maximum Amount of Bonds: $1,220,000 Treasurer’s Project Number(s): GH.7110.9582 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $1220,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following: ORDINANCE 63.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $390,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $390,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – SPRAY PADS) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Improvements to spray pads, City- wide Local Finance Law Section 11(a) Clause: 19 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $390,000 Maximum Amount of Bonds: $390,000 Treasurer’s Project Number(s): GH.7110.9583 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $390,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Member Frederick, on behalf of the Finance, Taxation and Assessment Committee, introduced the following ORDINANCE 64.102.24 AN ORDINANCE AUTHORIZING CERTAIN PURCHASES BY THE CITY OF ALBANY, NEW YORK AT A MAXIMUM ESTIMATED COST OF $150,000 AND AUTHORIZING THE LEASE FINANCING OR THE ISSUANCE OF $150,000 SERIAL BONDS OF SAID CITY TO PAY THE COST THEREOF (RECREATION – MAINTENANCE EQUIPMENT) The City of Albany, in Common Council convened, does hereby ordain and enact: Section 1. The objects or purposes to be authorized and financed pursuant to this ordinance are set forth below, together with estimates of the maximum estimated costs thereof; determinations of the periods of probable usefulness thereof and the subparagraphs of Section 11.00(a) of the New York Local Finance Law pursuant to which it is determined; the maximum amount of the bonds to be issued with respect to such object or purpose and the maximum term of the obligations to be issued with respect to each project or purpose. Object or Purpose: Machinery & equipment needed to maintain recreation assets Local Finance Law Section 11(a) Clause: 28 Period of Probable Usefulness: 15 years Maximum Term of Obligations: 15 years Maximum Estimated Cost: $150,000 Maximum Amount of Bonds: $150,000 Treasurer’s Project Number(s): GH.7110.9585 Section 2. The plan of financing such objects or purposes is the lease financing of or the issuance of $150,000 serial bonds hereby authorized to be issued. Section 3. It is hereby ordered and directed that the projects specified above be undertaken and the amounts set forth as the maximum estimated costs are hereby appropriated therefor. The Board of Contract and Supply is hereby authorized to take such necessary and further steps to carry out the provisions of this section. Section 4. Pending the sale of the bonds herein authorized, the temporary use of funds from the City’s general fund, pursuant to the provisions of section 165.10 of the New York Local Finance Law, is hereby authorized. The City reasonably expects to reimburse such temporary expenditures with the proceeds of the bonds or bond anticipation notes authorized by Section 1 of this ordinance. This ordinance shall constitute the City’s “official intent” to reimburse such temporary expenditures in accordance with Untied States Treasury Regulation section 1.150-2. Section 5. The faith and credit of the City of Albany, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such leases or bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such leases or bonds becoming due and payable in such year and such debt service payments may be made in substantially level or declining amounts as may be authorized by law. There shall annually be levied on all taxable real property of said City, a tax sufficient to pay the principal of and interest on such leases or bonds as the same become due and payable. Section 6. Subject to the provisions of the New York Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated in the City Treasurer, as chief fiscal officer of the City of Albany. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said City Treasurer, consistent with the provisions of Local Finance Law. Section 7. The City Treasurer is further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the leases or bonds authorized by this resolution and any notes issued in anticipation thereof, as excludable from federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution, and any notes issued in anticipation thereof as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code. Section 8. The City Treasurer is further authorized to enter into a continuing disclosure agreement with the initial issuer of the leases or the purchaser of the bonds or notes authorized by this resolution, containing provisions which are satisfactory to such purchaser in compliance with the provisions of Rule 15c12-12, promulgated by the Securities and Exchange Commission, pursuant to the Securities and Exchange Act of 1934. Section 9. The validity of such leases or bonds and bond anticipation notes may be contested only if: (a) Such obligations are authorized for an object or purpose for which said City is not authorized to expend money, or (b) The provisions of law which should be complied with at the date of publication of this ordinance pursuant to Section 8 hereof are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) Such obligations are authorized in violation of the provisions of the Constitution. Section 10. Upon this ordinance taking effect, the Clerk of the Common Council is hereby authorized and directed to publish the same together with a notice in substantially the form set forth in section 81.00 of the New York Local Finance Law. Section 11. It is hereby determined that except as hereinafter specified, the authority and funding of the projects aforesaid constitute either unlisted or Type II actions under the New York State Environmental Quality Review Act and the regulations promulgated thereunder having no adverse effect upon the environment. Section 12. This ordinance shall be dated October 21, 2024, and shall take effect upon its approval by the Board of Estimate and Apportionment of the City of Albany. APPROVED AS TO FORM THIS 10TH DAY OF OCTOBER, 2024 _______________________________ Corporation Counsel Council Members Anane and Kimbrough introduced the following: RESOLUTION 117.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 20, 2024 TO BE COMMUNITY MEDIA DAY IN THE CITY OF ALBANY WHEREAS, community media organizations form the backbone of citizen reporting and engagement in their locales, building a common understanding and establishing common values; and WHEREAS, access to information from fellow residents is critical for the healthy functioning of our communities and our democracy, but large media outlets are continuously concentrating their market share, reducing the potential reach any one community member might have within their community; and WHEREAS, the importance of a public media group that allows for members of our community to have their voices be heard cannot be understated; and WHEREAS, community media organizations connect not just citizens to each other, but also local and community organizations, schools, and local governments with each other and their constituents; and WHEREAS, the potential within community media organizations sometimes goes unrecognized despite its array of diverse and valuable programming; and WHEREAS, communities will benefit from increased general awareness of, viewing audiences for, and creators of media content created by and for the community; NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of Albany declares October 20, 2024 to be Community Media Day in the City of Albany and all people are hereby called upon to promote the importance of community media, training available at Channel Albany, and programming available on Spectrum Cable Channels 1301, 1302, and 1303, also known as the Albany Channels; and BE IT FURTHER RESOLVED, that the Common Council further finds that Channel Albany plays a vital role in building our community by encouraging conversations about our common interests, increasing discourse around policy issues, fostering understanding of local cultures, and sharing information to improve our lives. To: Shaniqua Jackson, City Clerk From: Bryan Jimenez, Legislative Director Re: Common Council Legislation Supporting Memorandum Date: September 19, 2024 Sponsor: Council Members Anane and Kimbrough RESOLUTION 117.102.24R TITLE A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 20, 2024 TO BE COMMUNITY MEDIA DAY IN THE CITY OF ALBANY GENERAL PURPOSE OF LEGISLATION To declare October 20, 2024 as Community Media Day, which occurs alongside Free Speech Week, October 21 through October 27, 2024, and recognize the importance of the City of Albany's own community media: Channel Albany. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW N/A FISCAL IMPACT(S) None. Council Members Anane and Kimbrough introduced the following: RESOLUTION 118.102.24R A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 21, 2024 THROUGH OCTOBER 27, 2024 AS FREE SPEECH WEEK IN THE CITY OF ALBANY WHEREAS, in order to enshrine unalienable rights, the first ten amendments to the United States Constitution were adopted to establish individual freedoms across the country; and WHEREAS, despite having been ratified in 1791, the first ten amendments, known as the Bill of Rights, have continued to steadfastly protect those individual freedoms; in particular, the First Amendment has stood as a bulwark against the suppression of speech; and WHEREAS, the First Amendment states: " Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances;" and WHEREAS, there have been battles throughout the years to define speech and set limits, yet ultimately speech itself has remained free; and WHEREAS, Free Speech Week is a national, annual, non-partisan celebration of freedom of speech and of the press taking place during the third full week of October to raise awareness of the importance of the right to free speech and that of a free press; and WHEREAS, Free Speech Week is intended to be an inclusive celebration for all Americans, and as such, schools and organizations across the country shall mark this week with activities and events devoted to free speech topics; and WHEREAS, Free Speech Week is an opportunity to encourage even stronger civic engagement, to build the civil society that our Founding Fathers envisioned; NOW, THEREFORE BE IT RESOLVED, that the Common Council of the City of Albany, New York seeks to encourage active participation in Free Speech Week and recognizes the importance of free speech and freedom of the press; and BE IT FURTHER RESOLVED, that the Common Council of the City of Albany declares October 21, 2024 through October 27, 2024 to be Free Speech Week. To: Shaniqua Jackson, City Clerk From: Bryan Jimenez, Legislative Director Re: Common Council Legislation Supporting Memorandum Date: September 19, 2024 Sponsor: Council Members Anane and Kimbrough RESOLUTION 118.102.24R TITLE A RESOLUTION OF THE COMMON COUNCIL DECLARING OCTOBER 21, 2024 THROUGH OCTOBER 27, 2024 AS FREE SPEECH WEEK IN THE CITY OF ALBANY GENERAL PURPOSE OF LEGISLATION To declare October 21 through October 27, 2024 as Free Speech Week in the City of Albany and recognize the importance of free speech and freedom of the press. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW N/A FISCAL IMPACT(S) None. Council Member Hoey, on the behalf of the Committee on Public Safety introduced the following: Resolution Number 119.102.24R A RESOLUTION OF THE COMMON COUNCIL APPOINTING EMILY SOWEK AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD WHEREAS, the Common Council of the City of Albany has the authority, pursuant to the Section 42-334 of Chapter 42 of the Code of the City of Albany, to appoint five of the members of the Board; and WHEREAS, the term of such Board members shall be for three years; NOW, THEREFORE, BE IT RESOLVED, that Emily Sowek is hereby appointed as a member of the Community Police Review Board to serve for a term expiring October 26, 2027. To: Shaniqua Jackson, City Clerk From: Bryan Jimenez, Legislative Director Re: Request for Common Council Legislation Supporting Memorandum Date: September 17, 2024 Sponsor: Council Member Hoey o/b/o Public Safety RESOLUTION 119.102.24R TITLE A RESOLUTION OF THE COMMON COUNCIL APPOINTING EMILY SOWEK AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD GENERAL PURPOSE OF LEGISLATION To appoint Emily Sowek to the CPRB. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW There is an upcoming vacancy for a Council seat on the CPRB. FISCAL IMPACT(S) None. Council Member Hoey, on the behalf of the Committee on Public Safety introduced the following: Resolution Number 120.102.24R A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING MILTON MANUEL ARROYO AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD WHEREAS, the Common Council of the City of Albany has the authority, pursuant to the Section 42-334 of Chapter 42 of the Code of the City of Albany, to appoint five of the members of the Board; and WHEREAS, the term of such Board members shall be for three years; NOW, THEREFORE, BE IT RESOLVED, that Milton Manuel Arroyo is hereby appointed as a member of the Community Police Review Board to serve the remainder of a term expiring October 26, 2024. To: Shaniqua Jackson, City Clerk From: Bryan Jimenez, Legislative Director Re: Request for Common Council Legislation Supporting Memorandum Date: September 17, 2024 Sponsor: Council Member Hoey o/b/o Public Safety Services RESOLUTION 120.102.24R TITLE A RESOLUTION OF THE COMMON COUNCIL REAPPOINTING MILTON MANUEL ARROYO AS A MEMBER OF THE COMMUNITY POLICE REVIEW BOARD GENERAL PURPOSE OF LEGISLATION To reappoint Milton Manuel Arroyo to the CPRB. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW The term for the vacancy Milton Arroyo was appointed for expires 10/26/2024. A reappointment resolution is necessary to reappoint. FISCAL IMPACT(S) None. Council Member Romero, Anane, Johnson, and Love introduced the following: Resolution Number 121.102.24R A RESOLUTION OF THE COMMON COUNCIL URGING THE NEW YORK STATE GOVERNMENT TO PASS A BUDGET IN 2025 THAT RAISES TAXES ON THE WEALTHIEST NEW YORKERS AND FUNDS INVESTMENTS WHEREAS, New Yorkers are facing a worsening affordability crisis; and WHEREAS over two and a half million New Yorkers are living in poverty and as a result, working-class and low-income families are fleeing the state in search of a more affordable place to live; and WHEREAS; in 2022, the people who left our state at the highest rates were families making between $32,000 and $65,000 a year - a disproportionate number who were Black and Latino families; and WHEREAS, New York State is the most economically unequal state in the country, as New York State has the highest concentration of extreme wealth in the country and the greatest income inequality; and WHEREAS, the average income of the bottom 99% here is $49,617, while the average income of the top 1% is $2.20 million; over 28,000 tax filers hold wealth over $30 million, over 15,000 tax filers hold wealth over $100 million, and 78 billionaire households hold over $673 billion together, meaning that the ultra-rich in New York State collectively hold $6.7 trillion in wealth; and WHEREAS, the vast majority of New Yorkers support increasing taxes on large, profitable corporations and the top five percent of earners in the state; and WHEREAS, 67% of all New Yorkers support proposals to raise taxes on the ultra-rich, including 81% of Democrats, 59% of independents and 46% of Republicans; and WHEREAS, 74% of all New Yorkers would rather raise taxes on the wealthiest individuals than see cuts to public programs and service; and WHEREAS, housing is the greatest single expense for working-class New Yorkers. Over 100,000 New Yorkers are homeless every night in New York City, and 250,000 New Yorkers were homeless statewide in 2019; and WHEREAS, education is acknowledged as the great equalizer in New York State, but it still remains that 60% of students are economically disadvantaged and living in poverty and 1 in 10 children are facing housing insecurity, creating more need that can be addressed in the school setting and requiring increased funding in our most high need districts; and WHEREAS; a funding gap of almost $10,000 per every student persists between the wealthiest and lowest income school districts; and WHEREAS, the childcare workforce is in the 98% percentile of the lowest paid workers in New York State and is a workforce predominantly Black women and women of color and 20% of children under the age of 5 in New York State are living in poverty; and WHEREAS, children who attend childcare and early education are more likely to be successful in school, academics, graduate high school and college, so creating a well funded childcare system with a well paid workforce has the highest return on investment than any other economic development effort; and WHEREAS, making the ultra-rich and giant corporations pay their fair share will generate new public dollars to invest into our communities and the programs and services that help New Yorkers reach their full potential; NOW, THEREFORE BE IT RESOLVED, that the Albany Common Council hereby respectfully urges the New York State Government to pass a budget in 2025 that raises taxes on the wealthiest New Yorkers and funds investments in affordable housing, healthcare, childcare, public education, addressing the climate crisis and more by passing the following:  S.1980/A.3690, from Senator Hoylman and Assemblymembers Kelles and Shrestha, which would raise corporate taxes on the most profitable corporations in NY,  S.2059 /A.3115, from Senator Jackson and Assemblymember Meeks making our income taxes more progressive ● S.1570/A.3252, from Senator Ramos and Assemblymember Kelles taxing billionaire’s wealth ● S.2782/A3193, from Senator Brisport and Assemblymember Solage creating an heirs tax; and BE IT FURTHER RESOLVED THAT, this council directs that certified copies of this resolution be forwarded to Governor Kathy Hochul, the State Senate Majority Leader, the State Assembly Speaker, Chair of the State Senate Finance Committee and Chair of the State Assembly Ways & Means Committee, and all Legislative bodies in the 61 other Counties in the State of New York. To: Shaniqua Jackson, City Clerk From: Jake Eisland, Research Counsel Re: Request for Common Council Legislation Supporting Memorandum Date: October 11, 2024 Sponsor: Council Member Romero RESOLUTION 122.102.24R TITLE A RESOLUTION OF THE COMMON COUNCIL URGING THE NEW YORK STATE GOVERNMENT TO PASS A BUDGET IN 2025 THAT RAISES TAXES ON THE WEALTHIEST NEW YORKERS AND FUNDS INVESTMENTS GENERAL PURPOSE OF LEGISLATION To urge the New York State Government to pass a budget in 2025 that raises taxes on the wealthiest New Yorkers and funds investments in affordable housing, healthcare, childcare, public education, addressing the climate crisis and more by passing: NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW As the year draws to a close, discussions for next year’s budget process are beginning. This resolution shares the council’s position on several important upcoming issues. FISCAL IMPACT(S) None. STATE OF NEW YORK ________________________________________________________________________ 1980 2023-2024 Regular Sessions IN SENATE January 18, 2023 ___________ Introduced by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to raising the tax rate on corporate income; in relation to increasing the state conformity to federal taxation of corporate profit shifting; and in relation to imposing an additional tax on individual business income in response to federal tax benefits for pass-through business income The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (b) of subdivision 6-a of section 208 of the tax 2 law, as amended by section 1 of part I of chapter 39 of the laws of 3 2019, is amended to read as follows: 4 (b) "Exempt CFC income" means (i) except to the extent described in 5 subparagraph (ii) of this paragraph, the income required to be included 6 in the taxpayer's federal gross income pursuant to subsection (a) of 7 section 951 of the internal revenue code, received from a corporation 8 that is conducting a unitary business with the taxpayer but is not 9 included in a combined report with the taxpayer, (ii) such income 10 required to be included in the taxpayer's federal gross income pursuant 11 to subsection (a) of such section 951 of the internal revenue code by 12 reason of subsection (a) of section 965 of the internal revenue code, as 13 adjusted by subsection (b) of section 965 of the internal revenue code, 14 and without regard to subsection (c) of such section, received from a 15 corporation that is not included in a combined report with the taxpayer, 16 and (iii) [ninety-five] fifty percent of the income required to be 17 included in the taxpayer's federal gross income pursuant to subsection 18 (a) of section 951A of the internal revenue code, without regard to the 19 deduction under section 250 of the internal revenue code, received from 20 a corporation that is not included in a combined report with the taxpay- 21 er, less, (iv) in the discretion of the commissioner, any interest 22 deductions directly or indirectly attributable to that income. In lieu EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04589-01-3 S. 1980 2 1 of subtracting from its exempt CFC income the amount of those interest 2 deductions, the taxpayer may make a revocable election to reduce its 3 total exempt CFC income by forty percent. If the taxpayer makes this 4 election, the taxpayer must also make the elections provided for in 5 paragraph (b) of subdivision six of this section and paragraph (c) of 6 this subdivision. If the taxpayer subsequently revokes this election, 7 the taxpayer must revoke the elections provided for in paragraph (b) of 8 subdivision six of this section and paragraph (c) of this subdivision. A 9 taxpayer which does not make this election because it has no exempt CFC 10 income will not be precluded from making those other elections. The 11 income described in subparagraphs (ii) and (iii) of this paragraph shall 12 not constitute investment income. The income described in subparagraph 13 (iii) of this paragraph shall not constitute exempt unitary corporation 14 dividends. 15 § 2. The opening paragraph of paragraph (a) of subdivision 1 of 16 section 210 of the tax law, as amended by section 1 of part HHH of chap- 17 ter 59 of the laws of 2021, is amended to read as follows: 18 For taxable years beginning before January first, two thousand 19 sixteen, and before January first, two thousand twenty-one, the amount 20 prescribed by this paragraph shall be computed at the rate of seven and 21 one-tenth percent of the taxpayer's business income base. For taxable 22 years beginning on or after January first, two thousand sixteen, the 23 amount prescribed by this paragraph shall be six and one-half percent of 24 the taxpayer's business income base. For taxable years beginning on or 25 after January first, two thousand twenty-one and before January first, 26 two thousand twenty-four for any taxpayer with a business income base 27 for the taxable year of more than five million dollars, the amount 28 prescribed by this paragraph shall be seven and one-quarter percent of 29 the taxpayer's business income base. For taxable years beginning on or 30 after January first, two thousand twenty-four for any taxpayer with a 31 business income base for the taxable year of more than two and one-half 32 million dollars, the amount prescribed by this paragraph shall be eight 33 percent of the taxpayer's business income base; for any taxpayer with a 34 business income base for the taxable year in excess of ten million 35 dollars, the amount prescribed by this paragraph shall be twelve percent 36 of the taxpayer's business income base in excess of ten million dollars; 37 for any taxpayer with a business income base for the taxable year in 38 excess of twenty million dollars, the amount prescribed by this para- 39 graph shall be fourteen percent of the taxpayer's business income base 40 in excess of twenty million dollars. The taxpayer's business income base 41 shall mean the portion of the taxpayer's business income apportioned 42 within the state as hereinafter provided. However, in the case of a 43 small business taxpayer, as defined in paragraph (f) of this subdivi- 44 sion, the amount prescribed by this paragraph shall be computed pursuant 45 to subparagraph (iv) of this paragraph and in the case of a manufactur- 46 er, as defined in subparagraph (vi) of this paragraph, the amount 47 prescribed by this paragraph shall be computed pursuant to subparagraph 48 (vi) of this paragraph, and, in the case of a qualified emerging tech- 49 nology company, as defined in subparagraph (vii) of this paragraph, the 50 amount prescribed by this paragraph shall be computed pursuant to 51 subparagraph (vii) of this paragraph. 52 § 3. Paragraph (b) of subdivision 5-a of section 210-A of the tax law, 53 as amended by section 3 of part I of chapter 39 of the laws of 2019, is 54 amended to read as follows: 55 (b) For New York C corporations, global intangible low-taxed income 56 shall not be included in the numerator of the apportionment fraction. S. 1980 3 1 [Five] Fifty percent of global intangible low-taxed income shall be 2 included in the denominator of the apportionment fraction. 3 § 4. Paragraph 2 of subsection (kkk) of section 606 of the tax law, as 4 added by section 2 of part C of chapter 59 of the laws of 2021, is 5 amended to read as follows: 6 (2) The credit shall be equal to seventy-five percent of the part- 7 ner's, member's or shareholder's direct share of the pass-through entity 8 tax. 9 § 5. The tax law is amended by adding a new section 608 to read as 10 follows: 11 § 608. Additional tax. (a) There is imposed an additional tax upon the 12 amount of an individual's New York taxable income that corresponds to 13 any deduction taken pursuant to section 199A of the internal revenue 14 code, or any successor provision thereto. This section shall not apply 15 to a taxpayer with a federal taxable income below the threshold amount, 16 as defined in section 199A(e) of the internal revenue code, plus fifty 17 thousand dollars for a single filer taxpayer or one hundred thousand 18 dollars in the case of a joint return. 19 (b) The rate of the additional tax imposed pursuant to this section 20 shall be equal to the highest federal income tax rates in effect for the 21 taxable year that would apply to the amount deducted under section 199A 22 of the internal revenue code, or any successor provision thereto, but 23 for the application of such section. The amount of an individual's New 24 York taxable income that corresponds to the amount of any deduction 25 taken pursuant to section 199A is the amount that bears the same 26 relationship to the taxpayer's total New York taxable income as the 27 amount deducted under section 199A bears to the taxpayer's total federal 28 taxable income as determined without regard to such deduction. 29 (c) The additional tax under this section shall be administered, and 30 penalties shall be imposed, in the same manner as the other taxes 31 imposed by this article. 32 § 6. This act shall take effect immediately and shall apply to taxable 33 years commencing on and after such effective date. STATE OF NEW YORK ________________________________________________________________________ 2059 2023-2024 Regular Sessions IN SENATE January 18, 2023 ___________ Introduced by Sens. JACKSON, BRESLIN, BRISPORT, BROUK, COMRIE, COONEY, GIANARIS, GOUNARDES, HOYLMAN-SIGAL, LIU, MAY, MYRIE, PARKER, RAMOS, RIVERA, SALAZAR, SANDERS, SEPULVEDA, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to extending the top state income tax rate; and to repeal certain provisions of such law related thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Clauses (vi) and (vii) of subparagraph (B) of paragraph 1 2 of subsection (a) of section 601 of the tax law, as amended by section 1 3 of subpart A of part A of chapter 59 of the laws of 2022, are amended to 4 read as follows: 5 (vi) For taxable years beginning in two thousand twenty-three [and 6 before two thousand twenty-eight] the following rates shall apply: 7 If the New York taxable income is: The tax is: 8 Not over $17,150 4% of the New York taxable income 9 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 10 $17,150 11 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 12 $23,600 13 Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over 14 $27,900 15 Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess over 16 $161,550 17 Over $323,200 but not over $18,252 plus 6.85% of excess over 18 $2,155,350 $323,200 19 Over $2,155,350 but not over $143,754 plus 9.65% of excess over 20 $5,000,000 $2,155,350 21 Over $5,000,000 but not over $418,263 plus 10.30% of excess over EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04661-01-3 S. 2059 2 1 $25,000,000 $5,000,000 2 Over $25,000,000 $2,478,263 plus 10.90% of excess 3 over $25,000,000 4 (vii) For taxable years beginning after two thousand [twenty-seven] 5 twenty-three the following rates shall apply: 6 If the New York taxable income is: The tax is: 7 Not over $17,150 4% of the New York taxable income 8 Over $17,150 but not over $23,600 $686 plus 4.5% of excess over 9 $17,150 10 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over 11 $23,600 12 Over $27,900 but not over $161,550 $1,202 plus 5.5% of excess over 13 $27,900 14 Over $161,550 but not over $323,200 $8,553 plus 6.00% of excess 15 over $161,550 16 Over $323,200 but not over $18,252 plus 6.85% of excess 17 [$2,155,350] $500,000 over $323,200 18 [Over $2,155,350 $143,754 plus 8.82% of excess 19 over $2,155,350] 20 Over $500,000 but not over $700,000 $30,363 plus 7.50% of 21 excess over $500,000 22 Over $700,000 but not over $900,000 $45,363 plus 8.00% of 23 excess over $700,000 24 Over $900,000 but not over $61,363 plus 9.00% of excess 25 $1,000,000 over $900,000 26 Over $1,000,000 but not over $70,363 plus 10.00% of excess 27 $2,000,000 over $1,000,000 28 Over $2,000,000 but not over $170,363 plus 12.00% of 29 $3,000,000 excess over $2,000,000 30 Over $3,000,000 but not over $290,363 plus 14.00% of 31 $4,000,000 excess over $3,000,000 32 Over $4,000,000 but not over $430,363 plus 16.00% of 33 $5,000,000 excess over $4,000,000 34 Over $5,000,000 but not over $590,363 plus 18.00% of 35 $10,000,000 excess over $5,000,000 36 Over $10,000,000 but not over $1,490,363 plus 20.00% of 37 $15,000,000 excess over $10,000,000 38 Over $15,000,000 but not over $2,490,363 plus 22.00% of 39 $20,000,000 excess over $15,000,000 40 Over $20,000,000 $3,590,363 plus 24.00% of 41 excess over $20,000,000 42 § 2. Clauses (vi) and (vii) of subparagraph (B) of paragraph 1 of 43 subsection (b) of section 601 of the tax law, as amended by section 2 of 44 subpart A of part A of chapter 59 of the laws of 2022, are amended to 45 read as follows: 46 (vi) For taxable years beginning in two thousand twenty-three [and 47 before two thousand twenty-eight] the following rates shall apply: 48 If the New York taxable income is: The tax is: 49 Not over $12,800 4% of the New York taxable income 50 Over $12,800 but not over $17,650 $512 plus 4.5% of excess over 51 $12,800 52 Over $17,650 but not over $20,900 $730 plus 5.25% of excess over 53 $17,650 54 Over $20,900 but not over $107,650 $901 plus 5.5% of excess over S. 2059 3 1 $20,900 2 Over $107,650 but not over $269,300 $5,672 plus 6.00% of excess over 3 $107,650 4 Over $269,300 but not over $15,371 plus 6.85% of excess over 5 $1,616,450 $269,300 6 Over $1,616,450 but not over $107,651 plus 9.65% of excess over 7 $5,000,000 $1,616,450 8 Over $5,000,000 but not over $434,163 plus 10.30% of excess over 9 $25,000,000 $5,000,000 10 Over $25,000,000 $2,494,163 plus 10.90% of excess over 11 $25,000,000 12 (vii) For taxable years beginning after two thousand [twenty-seven] 13 twenty-three the following rates shall apply: 14 If the New York taxable income is: The tax is: 15 Not over $12,800 4% of the New York taxable income 16 Over $12,800 but not over $512 plus 4.5% of excess over 17 $17,650 $12,800 18 Over $17,650 but not over $730 plus 5.25% of excess over 19 $20,900 $17,650 20 Over $20,900 but not over $901 plus 5.5% of excess over 21 $107,650 $20,900 22 Over $107,650 but not over $5,672 plus 6.00% of excess 23 $269,300 over $107,650 24 Over $269,300 but not over $15,371 plus 6.85% of excess 25 [$1,616,450] $500,000 over $269,300 26 [Over $1,616,450] [$107,651 plus 8.82% of excess 27 over $1,616,450] 28 Over $500,000 but not over $700,000 $30,363 plus 7.50% 29 of excess over $500,000 30 Over $700,000 but not over $900,000 $45,363 plus 8.00% of 31 excess over $700,000 32 Over $900,000 but not over $61,363 plus 9.00% of excess 33 $1,000,000 over $900,000 34 Over $1,000,000 but not over $70,363 plus 10.00% of excess 35 $2,000,000 over $1,000,000 36 Over $2,000,000 but not over $170,363 plus 12.00% of 37 $3,000,000 excess over $2,000,000 38 Over $3,000,000 but not over $290,363 plus 14.00% of 39 $4,000,000 excess over $3,000,000 40 Over $4,000,000 but not over $430,363 plus 16.00% of 41 $5,000,000 excess over $4,000,000 42 Over $5,000,000 but not over $590,363 plus 18.00% of 43 $10,000,000 excess over $5,000,000 44 Over $10,000,000 but not over $1,490,363 plus 20.00% of 45 $15,000,000 excess over $10,000,000 46 Over $15,000,000 but not over $2,490,363 plus 22.00% of 47 $20,000,000 excess over $15,000,000 48 Over $20,000,000 $3,590,363 plus 24.00% of 49 excess over $20,000,000 50 § 3. Clauses (vi) and (vii) of subparagraph (B) of paragraph 1 of 51 subsection (c) of section 601 of the tax law, as amended by section 3 of 52 subpart A of part A of chapter 59 of the laws of 2022, are amended to 53 read as follows: 54 (vi) For taxable years beginning in two thousand twenty-three [and 55 before two thousand twenty-eight] the following rates shall apply: S. 2059 4 1 If the New York taxable income is: The tax is: 2 Not over $8,500 4% of the New York taxable income 3 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 4 $8,500 5 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 6 $11,700 7 Over $13,900 but not over $80,650 $600 plus 5.50% of excess over 8 $13,900 9 Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess over 10 $80,650 11 Over $215,400 but not over $12,356 plus 6.85% of excess over 12 $1,077,550 $215,400 13 Over $1,077,550 but not over $71,413 plus 9.65% of excess over 14 $5,000,000 $1,077,550 15 Over $5,000,000 but not over $449,929 plus 10.30% of excess over 16 $25,000,000 $5,000,000 17 Over $25,000,000 $2,509,929 plus 10.90% of excess over 18 $25,000,000 19 (vii) For taxable years beginning after two thousand [twenty-seven] 20 twenty-three the following rates shall apply: 21 If the New York taxable income is: The tax is: 22 Not over $8,500 4% of the New York taxable income 23 Over $8,500 but not over $11,700 $340 plus 4.5% of excess over 24 $8,500 25 Over $11,700 but not over $13,900 $484 plus 5.25% of excess over 26 $11,700 27 Over $13,900 but not over $80,650 $600 plus 5.50% of excess over 28 $13,900 29 Over $80,650 but not over $215,400 $4,271 plus 6.00% of excess 30 over $80,650 31 Over $215,400 but not over $12,356 plus 6.85% of excess 32 [$1,077,550] $450,000 over $215,400 33 [Over $1,077,550 $71,413 plus 8.82% of excess 34 over $1,077,550] 35 Over $450,000 but not over $600,000 $26,938 plus 7.50% 36 of excess over $450,000 37 Over $600,000 but not over $700,000 $38,188 plus 8.00% of 38 excess over $600,000 39 Over $700,000 but not over $800,000 $46,188 plus 8.50% of 40 excess over $700,000 41 Over $800,000 but not over $900,000 $54,688 plus 9.00% of 42 excess over $800,000 43 Over $900,000 but not over $63,688 plus 10.00% of excess 44 $1,000,000 over $900,000 45 Over $1,000,000 but not over $73,188 plus 11.00% of excess 46 $2,000,000 over $1,000,000 47 Over $2,000,000 but not over $183,188 plus 12.00% of 48 $3,000,000 excess over $2,000,000 49 Over $3,000,000 but not over $303,188 plus 14.00% of 50 $4,000,000 excess over $3,000,000 51 Over $4,000,000 but not over $443,188 plus 16.00% of 52 $5,000,000 excess over $4,000,000 53 Over $5,000,000 but not over $543,188 plus 18.00% of 54 $10,000,000 excess over $5,000,000 55 Over $10,000,000 but not over $1,443,188 plus 20.00% of 56 $15,000,000 excess over $10,000,000 S. 2059 5 1 Over $15,000,000 but not over $2,443,188 plus 22.00% of 2 $20,000,000 excess over $15,000,000 3 Over $20,000,000 $3,543,188 plus 24.00% of 4 excess over $20,000,000 5 § 4. Subparagraphs (D), (E), (F), (G) and (H) of paragraph 1 of 6 subsection (d-1) of section 601 of the tax law, subparagraphs (D), (E) 7 and (H) as amended and subparagraphs (F) and (G) as added by section 4 8 of part A of chapter 59 of the laws of 2021, are amended and six new 9 subparagraphs (I), (J), (K), (L), (M) and (N) are added to read as 10 follows: 11 (D) The tax table benefit is the difference between (i) the amount of 12 taxable income set forth in the tax table in paragraph one of subsection 13 (a) of this section not subject to the [8.82] 7.5 percent rate of tax 14 for the taxable year multiplied by such rate and (ii) the dollar denomi- 15 nated tax for such amount of taxable income set forth in the tax table 16 applicable to the taxable year in paragraph one of subsection (a) of 17 this section less the sum of the tax table benefits in subparagraphs 18 (A), (B) and (C) of this paragraph. The fraction for this subparagraph 19 is computed as follows: the numerator is the lesser of fifty thousand 20 dollars or the excess of New York adjusted gross income for the taxable 21 year over [two million] five hundred thousand dollars and the denomina- 22 tor is fifty thousand dollars. This subparagraph shall apply only to 23 taxable years beginning on or after January first, two thousand twelve 24 and before January first, two thousand twenty-one [and for tax years 25 beginning on or after January first, two thousand twenty-eight]. 26 (E) The tax table benefit is the difference between (i) the amount of 27 taxable income set forth in the tax table in paragraph one of subsection 28 (a) of this section not subject to the [9.65] 8 percent rate of tax for 29 the taxable year multiplied by such rate and (ii) the dollar denominated 30 tax for such amount of taxable income set forth in the tax table appli- 31 cable to the taxable year in paragraph one of subsection (a) of this 32 section less the sum of the tax table benefits in subparagraphs (A), 33 (B), [and] (C), and (D) of this paragraph. The fraction for this subpar- 34 agraph is computed as follows: the numerator is the lesser of fifty 35 thousand dollars or excess of New York adjusted gross income for the 36 taxable year over [two million] seven hundred thousand dollars and the 37 denominator is fifty thousand dollars. This subparagraph shall apply 38 only to the taxable years beginning on or after January first, two thou- 39 sand twenty-one [and before January first, two thousand twenty-eight]. 40 (F) The tax table benefit is the difference between (i) the amount of 41 taxable income set forth in the tax table in paragraph one of subsection 42 (a) of this section not subject to the [10.30] 9 percent rate of tax for 43 the taxable year multiplied by such rate and (ii) the dollar denominated 44 tax for such amount of taxable income set forth in the tax table appli- 45 cable to the taxable year in paragraph one of subsection (a) of this 46 section less the sum of the tax table benefits in subparagraphs (A), 47 (B), (C) and (E) of this paragraph. The fraction for this subparagraph 48 is computed as follows: the numerator is the lesser of fifty thousand 49 dollars or excess of New York adjusted gross income for the taxable year 50 over [five million] nine hundred thousand dollars and the denominator is 51 fifty thousand dollars. This subparagraph shall apply only to the taxa- 52 ble years beginning on or after January first, two thousand twenty-one 53 [and before January first, two thousand twenty-eight]. 54 (G) The tax table benefit is the difference between (i) the amount of 55 taxable income set forth in the tax table in paragraph one of subsection 56 (a) of this section not subject to the [10.90] 10 percent rate of tax S. 2059 6 1 for the taxable year multiplied by such rate and (ii) the dollar denomi- 2 nated tax for such amount of taxable income set forth in the tax table 3 applicable to the taxable year in paragraph one of subsection (a) of 4 this section less the sum of the tax table benefits in subparagraphs 5 (A), (B), (C), (E) and (F) of this paragraph. The fraction for this 6 subparagraph is computed as follows: the numerator is the lesser of 7 fifty thousand dollars or excess of New York adjusted gross income for 8 the taxable year over [twenty-five] one million dollars and the denomi- 9 nator is fifty thousand dollars. This subparagraph shall apply only to 10 the taxable years beginning on or after January first, two thousand 11 twenty-one [and before January first, two thousand twenty-eight]. 12 (H) The tax table benefit is the difference between (i) the amount of 13 taxable income set forth in the tax table in paragraph one of subsection 14 (a) of this section not subject to the 12 percent rate of tax for the 15 taxable year multiplied by such rate and (ii) the dollar denominated tax 16 for such amount of taxable income set forth in the tax table applicable 17 to the taxable year in paragraph one of subsection (a) of this section 18 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 19 (D), (E), (F), and (G) of this paragraph. The fraction for this subpara- 20 graph is computed as follows: the numerator is the lesser of fifty thou- 21 sand dollars or excess of New York adjusted gross income for the taxable 22 year over two million dollars and the denominator is fifty thousand 23 dollars. 24 (I) The tax table benefit is the difference between (i) the amount of 25 taxable income set forth in the tax table in paragraph one of subsection 26 (a) of this section not subject to the 14 percent rate of tax for the 27 taxable year multiplied by such rate and (ii) the dollar denominated tax 28 for such amount of taxable income set forth in the tax table applicable 29 to the taxable year in paragraph one of subsection (a) of this section 30 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 31 (D), (E), (F), (G), and (H) of this paragraph. The fraction for this 32 subparagraph is computed as follows: the numerator is the lesser of 33 fifty thousand dollars or excess of New York adjusted gross income for 34 the taxable year over three million dollars and the denominator is fifty 35 thousand dollars. 36 (J) The tax table benefit is the difference between (i) the amount of 37 taxable income set forth in the tax table in paragraph one of subsection 38 (a) of this section not subject to the 16 percent rate of tax for the 39 taxable year multiplied by such rate and (ii) the dollar denominated tax 40 for such amount of taxable income set forth in the tax table applicable 41 to the taxable year in paragraph one of subsection (a) of this section 42 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 43 (D), (E), (F), (G), (H), and (I) of this paragraph. The fraction for 44 this subparagraph is computed as follows: the numerator is the lesser of 45 fifty thousand dollars or excess of New York adjusted gross income for 46 the taxable year over four million dollars and the denominator is fifty 47 thousand dollars. 48 (K) The tax table benefit is the difference between (i) the amount of 49 taxable income set forth in the tax table in paragraph one of subsection 50 (a) of this section not subject to the 18 percent rate of tax for the 51 taxable year multiplied by such rate and (ii) the dollar denominated tax 52 for such amount of taxable income set forth in the tax table applicable 53 to the taxable year in paragraph one of subsection (a) of this section 54 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 55 (D), (E), (F), (G), (H), (I), and (J) of this paragraph. The fraction 56 for this subparagraph is computed as follows: the numerator is the less- S. 2059 7 1 er of fifty thousand dollars or excess of New York adjusted gross income 2 for the taxable year over five million dollars and the denominator is 3 fifty thousand dollars. 4 (L) The tax table benefit is the difference between (i) the amount of 5 taxable income set forth in the tax table in paragraph one of subsection 6 (a) of this section not subject to the 20 percent rate of tax for the 7 taxable year multiplied by such rate and (ii) the dollar denominated tax 8 for such amount of taxable income set forth in the tax table applicable 9 to the taxable year in paragraph one of subsection (a) of this section 10 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 11 (D), (E), (F), (G), (H), (I), (J), and (K) of this paragraph. The frac- 12 tion for this subparagraph is computed as follows: the numerator is the 13 lesser of fifty thousand dollars or excess of New York adjusted gross 14 income for the taxable year over ten million dollars and the denominator 15 is fifty thousand dollars. 16 (M) The tax table benefit is the difference between (i) the amount of 17 taxable income set forth in the tax table in paragraph one of subsection 18 (a) of this section not subject to the 22 percent rate of tax for the 19 taxable year multiplied by such rate and (ii) the dollar denominated tax 20 for such amount of taxable income set forth in the tax table applicable 21 to the taxable year in paragraph one of subsection (a) of this section 22 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 23 (D), (E), (F), (G), (H), (I), (J), (K), and (L) of this paragraph. The 24 fraction for this subparagraph is computed as follows: the numerator is 25 the lesser of fifty thousand dollars or excess of New York adjusted 26 gross income for the taxable year over fifteen million dollars and the 27 denominator is fifty thousand dollars. 28 (N) The tax table benefit is the difference between (i) the amount of 29 taxable income set forth in the tax table in paragraph one of subsection 30 (a) of this section not subject to the 24 percent rate of tax for the 31 taxable year multiplied by such rate and (ii) the dollar denominated tax 32 for such amount of taxable income set forth in the tax table applicable 33 to the taxable year in paragraph one of subsection (a) of this section 34 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 35 (D), (E), (F), (G), (H), (I), (J), (K), (L), and (M) of this paragraph. 36 The fraction for this subparagraph is computed as follows: the numerator 37 is the lesser of fifty thousand dollars or excess of New York adjusted 38 gross income for the taxable year over twenty million dollars and the 39 denominator is fifty thousand dollars. 40 (O) Provided, however, the total tax prior to the application of any 41 tax credits shall not exceed the highest rate of tax set forth in the 42 tax tables in subsection (a) of this section multiplied by the taxpay- 43 er's taxable income. 44 § 5. Subparagraphs (C), (D), (E), (F) and (G) of paragraph 2 of 45 subsection (d-1) of section 601 of the tax law, subparagraphs (C), (D) 46 and (G) as amended and subparagraphs (E) and (F) as added by section 5 47 of part A of chapter 59 of the laws of 2021, are amended and six new 48 subparagraphs (H), (I), (J), (K), (L) and (M) are added to read as 49 follows: 50 (C) The tax table benefit is the difference between (i) the amount of 51 taxable income set forth in the tax table in paragraph one of subsection 52 (b) of this section not subject to the [8.82] 7.5 percent rate of tax 53 for the taxable year multiplied by such rate and (ii) the dollar denomi- 54 nated tax for such amount of taxable income set forth in the tax table 55 applicable to the taxable year in paragraph one of subsection (b) of 56 this section less the sum of the tax table benefits in subparagraphs (A) S. 2059 8 1 and (B) of this paragraph. The fraction for this subparagraph is 2 computed as follows: the numerator is the lesser of fifty thousand 3 dollars or the excess of New York adjusted gross income for the taxable 4 year over [one million] five hundred thousand dollars and the denomina- 5 tor is fifty thousand dollars. This subparagraph shall apply only to 6 taxable years beginning on or after January first, two thousand twelve 7 and before January first, two thousand twenty-one [and for tax years 8 beginning on or after January first, two thousand twenty-eight]. 9 (D) The tax table benefit is the difference between (i) the amount of 10 taxable income set forth in the tax table in paragraph one of subsection 11 (a) of this section not subject to the [9.65] 8 percent rate of tax for 12 the taxable year multiplied by such rate and (ii) the dollar denominated 13 tax for such amount of taxable income set forth in the tax table appli- 14 cable to the taxable year in paragraph one of subsection (a) of this 15 section less the sum of the tax table benefits in subparagraphs (A) 16 [and], (B) and (C) of this paragraph. The fraction for this subparagraph 17 is computed as follows: the numerator is the lesser of fifty thousand 18 dollars or excess of New York adjusted gross income for the taxable year 19 over [one million five] seven hundred thousand dollars and the denomina- 20 tor is fifty thousand dollars. This subparagraph shall apply only to the 21 taxable years beginning on or after January first, two thousand twenty- 22 one [and before January first, two thousand twenty-eight]. 23 (E) The tax table benefit is the difference between (i) the amount of 24 taxable income set forth in the tax table in paragraph one of subsection 25 (a) of this section not subject to the [10.30] 9 percent rate of tax for 26 the taxable year multiplied by such rate and (ii) the dollar denominated 27 tax for such amount of taxable income set forth in the tax table appli- 28 cable to the taxable year in paragraph one of subsection (a) of this 29 section less the sum of the tax table benefits in subparagraphs (A), 30 (B), (C) and (D) of this paragraph. The fraction for this subparagraph 31 is computed as follows: the numerator is the lesser of fifty thousand 32 dollars or excess of New York adjusted gross income for the taxable year 33 over [five million] nine hundred thousand dollars and the denominator is 34 fifty thousand dollars. This subparagraph shall apply only to the taxa- 35 ble years beginning on or after January first, two thousand twenty-one 36 [and before January first, two thousand twenty-eight]. 37 (F) The tax table benefit is the difference between (i) the amount of 38 taxable income set forth in the tax table in paragraph one of subsection 39 (a) of this section not subject to the [10.90] 10 percent rate of tax 40 for the taxable year multiplied by such rate and (ii) the dollar denomi- 41 nated tax for such amount of taxable income set forth in the tax table 42 applicable to the taxable year in paragraph one of subsection (a) of 43 this section less the sum of the tax table benefits in subparagraphs 44 (A), (B), (C), (D) and (E) of this paragraph. The fraction for this 45 subparagraph is computed as follows: the numerator is the lesser of 46 fifty thousand dollars or excess of New York adjusted gross income for 47 the taxable year over [twenty-five] one million dollars and the denomi- 48 nator is fifty thousand dollars. This subparagraph shall apply only to 49 the taxable years beginning on or after January first, two thousand 50 twenty-one [and before January first, two thousand twenty-eight]. 51 (G) The tax table benefit is the difference between (i) the amount of 52 taxable income set forth in the tax table in paragraph one of subsection 53 (a) of this section not subject to the 12 percent rate of tax for the 54 taxable year multiplied by such rate and (ii) the dollar denominated tax 55 for such amount of taxable income set forth in the tax table applicable 56 to the taxable year in paragraph one of subsection (a) of this section S. 2059 9 1 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 2 (D), (E) and (F) of this paragraph. The fraction for this subparagraph 3 is computed as follows: the numerator is the lesser of fifty thousand 4 dollars or excess of New York adjusted gross income for the taxable year 5 over two million dollars and the denominator is fifty thousand dollars. 6 (H) The tax table benefit is the difference between (i) the amount of 7 taxable income set forth in the tax table in paragraph one of subsection 8 (a) of this section not subject to the 14 percent rate of tax for the 9 taxable year multiplied by such rate and (ii) the dollar denominated tax 10 for such amount of taxable income set forth in the tax table applicable 11 to the taxable year in paragraph one of subsection (a) of this section 12 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 13 (D), (E), (F) and (G) of this paragraph. The fraction for this subpara- 14 graph is computed as follows: the numerator is the lesser of fifty thou- 15 sand dollars or excess of New York adjusted gross income for the taxable 16 year over three million dollars and the denominator is fifty thousand 17 dollars. 18 (I) The tax table benefit is the difference between (i) the amount of 19 taxable income set forth in the tax table in paragraph one of subsection 20 (a) of this section not subject to the 16 percent rate of tax for the 21 taxable year multiplied by such rate and (ii) the dollar denominated tax 22 for such amount of taxable income set forth in the tax table applicable 23 to the taxable year in paragraph one of subsection (a) of this section 24 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 25 (D), (E), (F), (G) and (H) of this paragraph. The fraction for this 26 subparagraph is computed as follows: the numerator is the lesser of 27 fifty thousand dollars or excess of New York adjusted gross income for 28 the taxable year over four million dollars and the denominator is fifty 29 thousand dollars. 30 (J) The tax table benefit is the difference between (i) the amount of 31 taxable income set forth in the tax table in paragraph one of subsection 32 (a) of this section not subject to the 18 percent rate of tax for the 33 taxable year multiplied by such rate and (ii) the dollar denominated tax 34 for such amount of taxable income set forth in the tax table applicable 35 to the taxable year in paragraph one of subsection (a) of this section 36 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 37 (D), (E), (F), (G), (H) and (I) of this paragraph. The fraction for this 38 subparagraph is computed as follows: the numerator is the lesser of 39 fifty thousand dollars or excess of New York adjusted gross income for 40 the taxable year over five million dollars and the denominator is fifty 41 thousand dollars. 42 (K) The tax table benefit is the difference between (i) the amount of 43 taxable income set forth in the tax table in paragraph one of subsection 44 (a) of this section not subject to the 20 percent rate of tax for the 45 taxable year multiplied by such rate and (ii) the dollar denominated tax 46 for such amount of taxable income set forth in the tax table applicable 47 to the taxable year in paragraph one of subsection (a) of this section 48 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 49 (D), (E), (F), (G), (H), (I) and (J) of this paragraph. The fraction for 50 this subparagraph is computed as follows: the numerator is the lesser of 51 fifty thousand dollars or excess of New York adjusted gross income for 52 the taxable year over ten million dollars and the denominator is fifty 53 thousand dollars. 54 (L) The tax table benefit is the difference between (i) the amount of 55 taxable income set forth in the tax table in paragraph one of subsection 56 (a) of this section not subject to the 22 percent rate of tax for the S. 2059 10 1 taxable year multiplied by such rate and (ii) the dollar denominated tax 2 for such amount of taxable income set forth in the tax table applicable 3 to the taxable year in paragraph one of subsection (a) of this section 4 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 5 (D), (E), (F), (G), (H), (I), (J) and (K) of this paragraph. The frac- 6 tion for this subparagraph is computed as follows: the numerator is the 7 lesser of fifty thousand dollars or excess of New York adjusted gross 8 income for the taxable year over fifteen million dollars and the denomi- 9 nator is fifty thousand dollars. 10 (M) The tax table benefit is the difference between (i) the amount of 11 taxable income set forth in the tax table in paragraph one of subsection 12 (a) of this section not subject to the 24 percent rate of tax for the 13 taxable year multiplied by such rate and (ii) the dollar denominated tax 14 for such amount of taxable income set forth in the tax table applicable 15 to the taxable year in paragraph one of subsection (a) of this section 16 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 17 (D), (E), (F), (G), (H), (I), (J), (K) and (L) of this paragraph. The 18 fraction for this subparagraph is computed as follows: the numerator is 19 the lesser of fifty thousand dollars or excess of New York adjusted 20 gross income for the taxable year over twenty million dollars and the 21 denominator is fifty thousand dollars. 22 (N) Provided, however, the total tax prior to the application of any 23 tax credits shall not exceed the highest rate of tax set forth in the 24 tax tables in subsection (b) of this section multiplied by the taxpay- 25 er's taxable income. 26 § 6. Subparagraphs (C), (D), (E), (F) and (G) of paragraph 3 of 27 subsection (d-1) of section 601 of the tax law, subparagraphs (C), (D) 28 and (G) as amended and subparagraphs (E) and (F) as added by section 6 29 of part A of chapter 59 of the laws of 2021, are amended and eight new 30 subparagraphs (H), (I), (J), (K), (L), (M), (N) and (O) are added to 31 read as follows: 32 (C) The tax table benefit is the difference between (i) the amount of 33 taxable income set forth in the tax table in paragraph one of subsection 34 (c) of this section not subject to the [8.82] 7.5 percent rate of tax 35 for the taxable year multiplied by such rate and (ii) the dollar denomi- 36 nated tax for such amount of taxable income set forth in the tax table 37 applicable to the taxable year in paragraph one of subsection (c) of 38 this section less the sum of the tax table benefits in subparagraphs (A) 39 and (B) of this paragraph. The fraction for this subparagraph is 40 computed as follows: the numerator is the lesser of fifty thousand 41 dollars or the excess of New York adjusted gross income for the taxable 42 year over [one million] four hundred fifty thousand dollars and the 43 denominator is fifty thousand dollars. This subparagraph shall apply 44 only to taxable years beginning on or after January first, two thousand 45 twelve [and before January first, two thousand twenty-one and for tax 46 years beginning on or after January first, two thousand twenty-eight]. 47 (D) The tax table benefit is the difference between (i) the amount of 48 taxable income set forth in the tax table in paragraph one of subsection 49 (a) of this section not subject to the [9.65] 8 percent rate of tax for 50 the taxable year multiplied by such rate and (ii) the dollar denominated 51 tax for such amount of taxable income set forth in the tax table appli- 52 cable to the taxable year in paragraph one of subsection (a) of this 53 section less the sum of the tax table benefits in subparagraphs (A) 54 [and], (B) and (C) of this paragraph. The fraction for this subparagraph 55 is computed as follows: the numerator is the lesser of fifty thousand 56 dollars or excess of New York adjusted gross income for the taxable year S. 2059 11 1 over [one million five] six hundred thousand dollars and the denominator 2 is fifty thousand dollars. This subparagraph shall apply only to the 3 taxable years beginning on or after January first, two thousand twenty- 4 one [and before January first, two thousand twenty-eight]. 5 (E) The tax table benefit is the difference between (i) the amount of 6 taxable income set forth in the tax table in paragraph one of subsection 7 (a) of this section not subject to the [10.30] 8.5 percent rate of tax 8 for the taxable year multiplied by such rate and (ii) the dollar denomi- 9 nated tax for such amount of taxable income set forth in the tax table 10 applicable to the taxable year in paragraph one of subsection (a) of 11 this section less the sum of the tax table benefits in subparagraphs 12 (A), (B), (C) and (D) of this paragraph. The fraction for this subpara- 13 graph is computed as follows: the numerator is the lesser of fifty thou- 14 sand dollars or excess of New York adjusted gross income for the taxable 15 year over [five million] seven hundred thousand dollars and the denomi- 16 nator is fifty thousand dollars. This subparagraph shall apply only to 17 the taxable years beginning on or after January first, two thousand 18 twenty-one [and before January first, two thousand twenty-eight]. 19 (F) The tax table benefit is the difference between (i) the amount of 20 taxable income set forth in the tax table in paragraph one of subsection 21 (a) of this section not subject to the [10.90] 9 percent rate of tax for 22 the taxable year multiplied by such rate and (ii) the dollar denominated 23 tax for such amount of taxable income set forth in the tax table appli- 24 cable to the taxable year in paragraph one of subsection (a) of this 25 section less the sum of the tax table benefits in subparagraphs (A), 26 (B), (D) and (E) of this paragraph. The fraction for this subparagraph 27 is computed as follows: the numerator is the lesser of fifty thousand 28 dollars or excess of New York adjusted gross income for the taxable year 29 over [twenty-five million] eight hundred thousand dollars and the denom- 30 inator is fifty thousand dollars. This subparagraph shall apply only to 31 the taxable years beginning on or after January first, two thousand 32 twenty-one [and before January first, two thousand twenty-eight]. 33 (G) The tax table benefit is the difference between (i) the amount of 34 taxable income set forth in the tax table in paragraph one of subsection 35 (a) of this section not subject to the 10 percent rate of tax for the 36 taxable year multiplied by such rate and (ii) the dollar denominated tax 37 for such amount of taxable income set forth in the tax table applicable 38 to the taxable year in paragraph one of subsection (a) of this section 39 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 40 (D), (E) and (F) of this paragraph. The fraction for this subparagraph 41 is computed as follows: the numerator is the lesser of fifty thousand 42 dollars or excess of New York adjusted gross income for the taxable year 43 over nine hundred thousand dollars and the denominator is fifty thousand 44 dollars. 45 (H) The tax table benefit is the difference between (i) the amount of 46 taxable income set forth in the tax table in paragraph one of subsection 47 (a) of this section not subject to the 11 percent rate of tax for the 48 taxable year multiplied by such rate and (ii) the dollar denominated tax 49 for such amount of taxable income set forth in the tax table applicable 50 to the taxable year in paragraph one of subsection (a) of this section 51 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 52 (D), (E), (F) and (G) of this paragraph. The fraction for this subpara- 53 graph is computed as follows: the numerator is the lesser of fifty thou- 54 sand dollars or excess of New York adjusted gross income for the taxable 55 year over one million dollars and the denominator is fifty thousand 56 dollars. S. 2059 12 1 (I) The tax table benefit is the difference between (i) the amount of 2 taxable income set forth in the tax table in paragraph one of subsection 3 (a) of this section not subject to the 12 percent rate of tax for the 4 taxable year multiplied by such rate and (ii) the dollar denominated tax 5 for such amount of taxable income set forth in the tax table applicable 6 to the taxable year in paragraph one of subsection (a) of this section 7 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 8 (D), (E), (F), (G) and (H) of this paragraph. The fraction for this 9 subparagraph is computed as follows: the numerator is the lesser of 10 fifty thousand dollars or excess of New York adjusted gross income for 11 the taxable year over two million dollars and the denominator is fifty 12 thousand dollars. 13 (J) The tax table benefit is the difference between (i) the amount of 14 taxable income set forth in the tax table in paragraph one of subsection 15 (a) of this section not subject to the 14 percent rate of tax for the 16 taxable year multiplied by such rate and (ii) the dollar denominated tax 17 for such amount of taxable income set forth in the tax table applicable 18 to the taxable year in paragraph one of subsection (a) of this section 19 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 20 (D), (E), (F), (G), (H) and (I) of this paragraph. The fraction for this 21 subparagraph is computed as follows: the numerator is the lesser of 22 fifty thousand dollars or excess of New York adjusted gross income for 23 the taxable year over three million dollars and the denominator is fifty 24 thousand dollars. 25 (K) The tax table benefit is the difference between (i) the amount of 26 taxable income set forth in the tax table in paragraph one of subsection 27 (a) of this section not subject to the 16 percent rate of tax for the 28 taxable year multiplied by such rate and (ii) the dollar denominated tax 29 for such amount of taxable income set forth in the tax table applicable 30 to the taxable year in paragraph one of subsection (a) of this section 31 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 32 (D), (E), (F), (G), (H), (I) and (J) of this paragraph. The fraction for 33 this subparagraph is computed as follows: the numerator is the lesser of 34 fifty thousand dollars or excess of New York adjusted gross income for 35 the taxable year over four million dollars and the denominator is fifty 36 thousand dollars. 37 (L) The tax table benefit is the difference between (i) the amount of 38 taxable income set forth in the tax table in paragraph one of subsection 39 (a) of this section not subject to the 18 percent rate of tax for the 40 taxable year multiplied by such rate and (ii) the dollar denominated tax 41 for such amount of taxable income set forth in the tax table applicable 42 to the taxable year in paragraph one of subsection (a) of this section 43 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 44 (D), (E), (F), (G), (H), (I), (J) and (K) of this paragraph. The frac- 45 tion for this subparagraph is computed as follows: the numerator is the 46 lesser of fifty thousand dollars or excess of New York adjusted gross 47 income for the taxable year over five million dollars and the denomina- 48 tor is fifty thousand dollars. 49 (M) The tax table benefit is the difference between (i) the amount of 50 taxable income set forth in the tax table in paragraph one of subsection 51 (a) of this section not subject to the 20 percent rate of tax for the 52 taxable year multiplied by such rate and (ii) the dollar denominated tax 53 for such amount of taxable income set forth in the tax table applicable 54 to the taxable year in paragraph one of subsection (a) of this section 55 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 56 (D), (E), (F), (G), (H), (I), (J), (K) and (L) of this paragraph. The S. 2059 13 1 fraction for this subparagraph is computed as follows: the numerator is 2 the lesser of fifty thousand dollars or excess of New York adjusted 3 gross income for the taxable year over ten million dollars and the 4 denominator is fifty thousand dollars. 5 (N) The tax table benefit is the difference between (i) the amount of 6 taxable income set forth in the tax table in paragraph one of subsection 7 (a) of this section not subject to the 22 percent rate of tax for the 8 taxable year multiplied by such rate and (ii) the dollar denominated tax 9 for such amount of taxable income set forth in the tax table applicable 10 to the taxable year in paragraph one of subsection (a) of this section 11 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 12 (D), (E), (F), (G), (H), (I), (J), (K), (L) and (M) of this paragraph. 13 The fraction for this subparagraph is computed as follows: the numerator 14 is the lesser of fifty thousand dollars or excess of New York adjusted 15 gross income for the taxable year over fifteen million dollars and the 16 denominator is fifty thousand dollars. 17 (O) The tax table benefit is the difference between (i) the amount of 18 taxable income set forth in the tax table in paragraph one of subsection 19 (a) of this section not subject to the 24 percent rate of tax for the 20 taxable year multiplied by such rate and (ii) the dollar denominated tax 21 for such amount of taxable income set forth in the tax table applicable 22 to the taxable year in paragraph one of subsection (a) of this section 23 less the sum of the tax table benefits in subparagraphs (A), (B), (C), 24 (D), (E), (F), (G), (H), (I), (J), (K), (L), (M) and (N) of this para- 25 graph. The fraction for this subparagraph is computed as follows: the 26 numerator is the lesser of fifty thousand dollars or excess of New York 27 adjusted gross income for the taxable year over twenty million dollars 28 and the denominator is fifty thousand dollars. 29 (P) Provided, however, the total tax prior to the application of any 30 tax credits shall not exceed the highest rate of tax set forth in the 31 tax tables in subsection (c) of this section multiplied by the taxpay- 32 er's taxable income. 33 § 7. Subsection (d-4) of section 601 of the tax law is REPEALED. 34 § 8. This act shall take effect immediately. STATE OF NEW YORK ________________________________________________________________________ 1570 2023-2024 Regular Sessions IN SENATE January 12, 2023 ___________ Introduced by Sens. RAMOS, BRESLIN, BRISPORT, BROUK, COMRIE, COONEY, GIANARIS, HOYLMAN-SIGAL, JACKSON, KAVANAGH, LIU, MAY, MYRIE, PARKER, RIVERA, SALAZAR, SANDERS, SEPULVEDA, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to establish the "billionaire mark-to-market tax act"; and to amend the tax law, in relation to establishing a mark-to-market tax The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. This act shall be known and may be cited as the "billio- 2 naire mark-to-market tax act". 3 § 2. The tax law is amended by adding a new section 612-a to read as 4 follows: 5 § 612-a. Billionaire mark-to-market taxation. (a)(1) Notwithstanding 6 any other provision of law to the contrary, resident individual taxpay- 7 ers with net assets worth one billion dollars or more on the date of 8 December thirty-first, two thousand twenty-two, shall recognize gain or 9 loss as if each asset owned by the individual taxpayer were sold for its 10 fair market value on that date. Any resulting net gains from these 11 deemed sales, up to the phase-in cap amount, shall be included in the 12 taxpayer's income for the two thousand twenty-three tax year. Proper 13 adjustment shall be made in the amount of any gain or loss subsequently 14 realized for gain or loss taken into account under the preceding 15 sentence. At the taxpayer's option, any additional tax payable as a 16 result of this subsection shall either be payable along with any other 17 tax owed for the two thousand twenty-three tax year or else shall be 18 payable annually in ten equal installments beginning in the year of the 19 effective date of this section and with all such installment payments 20 commencing after the initial installment payment also being subject to 21 an annual nondeductible deferral charge. The annual nondeductible 22 deferral charge shall be set by the state comptroller at a rate that the EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05077-01-3 S. 1570 2 1 comptroller estimates is equal to the unsecured borrowing rate of the 2 taxpayer for a loan repaid over a ten-year term in equal annual install- 3 ments. The comptroller may estimate a single rate for all taxpayers 4 subject to the deferral charge. For resident individual taxpayers who 5 would recognize net gains as a result of this subsection except for the 6 operation of this sentence, if the taxpayer can show that any portion of 7 such gains was accumulated prior to the taxpayer becoming a resident 8 individual of New York, and if the taxpayer can also show that such 9 portion of such gains was previously taxed by any prior state or juris- 10 diction in which the taxpayer was a resident prior to becoming a resi- 11 dent individual of New York, then credit shall be provided in the amount 12 of any such tax on such gains paid to any such prior states or jurisdic- 13 tions in which the taxpayer was a resident prior to becoming a resident 14 individual of New York. Any credits so provided by this subsection, 15 however, shall not exceed the lesser of the total tax owed under this 16 subsection on such gains and the tax imposed on such gains by such other 17 prior states or jurisdictions in which the taxpayer was a resident prior 18 to becoming a resident individual of New York. 19 (2) For the two thousand twenty-three tax year, whether an individual 20 is a resident individual for purposes of this section shall be deter- 21 mined using the tests provided pursuant to paragraph one of subsection 22 (b) of section six hundred five of this article. 23 (b) Subsequent to two thousand twenty-three, resident individual 24 taxpayers with net assets that are worth one billion dollars or more at 25 the end of the last day of any tax year shall recognize gain or loss as 26 if each asset owned by such taxpayer on such date were sold for its fair 27 market value on such date, but with adjustment made for tax paid on gain 28 in previous years. Any resulting net gains from these deemed sales, up 29 to the phase-in cap amount, shall be included in the taxpayer's income 30 for such taxable year. Proper adjustment shall be made in the amount of 31 any gain or loss subsequently realized for gain or loss taken into 32 account under the preceding sentence. To the extent that the losses of a 33 taxpayer exceed such taxpayer's gains, such net losses shall not be 34 recognized in such taxable year and shall instead carry forward indefi- 35 nitely. For resident individual taxpayers who would recognize net gains 36 as a result of this subsection except for the operation of this 37 sentence, but who were not resident individuals for all of the preceding 38 five tax years, solely for purposes of deemed sales pursuant to this 39 subsection, the tax basis of each asset owned on the last day of the 40 last tax year before the resident individual became a New York resident 41 shall be the fair market value of the asset as of that day. 42 (c) For each date on which gains or losses are recognized as a result 43 of this section, the phase-in cap amount shall be equal to a quarter of 44 the worth of a taxpayer's net assets in excess of one billion dollars on 45 such date. 46 (d) For the purposes of determining whether a resident individual 47 taxpayer has net assets worth one billion dollars or more, the term 48 "assets" shall include all of the following, but only to the extent 49 allowable under the New York Constitution, the United States Constitu- 50 tion, and any other governing federal law: all owned real or personal, 51 tangible or intangible, property, wherever situated, (1) owned by the 52 taxpayer, (2) owned by the taxpayer's spouse, minor children, or any 53 trust or estate of which the taxpayer is a beneficiary, (3) contributed 54 by the taxpayer or any person or entity described in paragraph two of 55 this subsection to any private foundation, donor advised fund, and any 56 other entity described in section 501(c) or section 527 of the Internal S. 1570 3 1 Revenue Code of which the taxpayer and/or any person or entity described 2 in paragraph two of this subsection is a substantial contributor (as 3 such term is defined in Section 4958(c)(3)(B)(i) of the Internal Revenue 4 Code), and (4) without duplication, all gifts and donations made within 5 the past five years by the taxpayer or any person or entity described in 6 paragraph two of this subsection as if such gifts and donations were 7 still owned by the taxpayer. For the purpose of this section, "net 8 assets" shall include the fair market value of assets less the fair 9 market value of liabilities of the taxpayer and, in appropriate cases as 10 determined by the commissioner, liabilities of such other persons 11 described in the definition of assets. 12 (e) (1) The fair market value of each asset owned by the taxpayer 13 shall be the price at which such asset would change hands between a 14 willing buyer and a willing seller, neither being under any compulsion 15 to buy or to sell, and both having reasonable knowledge of relevant 16 facts. The value of a particular asset shall not be the price that a 17 forced sale of the property would produce. Further, the fair market 18 value of an asset shall not be the sale price in a market other than 19 that in which such item is most commonly sold to the public, taking into 20 account the location of the item wherever appropriate. In the case of an 21 asset which is generally obtained by the public in the retail market, 22 the fair market value of such an asset shall be the price at which such 23 item or a comparable item would be sold at retail. 24 (2) For purposes of this section, any feature of an asset, such as a 25 poison pill, that was added with the intent, and has the effect, of 26 reducing the value of the asset shall be disregarded, and no valuation 27 or other discount shall be taken into account if it would have the 28 effect of reducing the value of a pro rata economic interest in an asset 29 below the pro rata portion of the value of the entire asset. 30 (f) (1) (A) The commissioner shall amend the New York personal income 31 tax forms and amend or create any other forms as necessary for the 32 reporting of gains by assets. Assets shall be listed with (i) a 33 description of the asset, (ii) the asset category, (iii) the year the 34 asset was acquired, (iv) the adjusted New York basis of the asset as of 35 December thirty-first of the tax year, (v) the fair market value of the 36 asset as of December thirty-first of the tax year, and (vi) the amount 37 of gain that would be New York taxable income, unless the commissioner 38 shall determine that one or more categories is not appropriate for a 39 particular type of asset. 40 (B) Asset categories shall include, but not be limited to, the follow- 41 ing: 42 (i) stock held in any publicly traded corporation; 43 (ii) stock held in any private traded C corporation; 44 (iii) stock held in any S corporation; 45 (iv) interests in any private equity or hedge fund organized as a 46 partnership; 47 (v) interests in any other partnerships; 48 (vi) interests in any other noncorporate businesses; 49 (vii) bonds and interest bearing savings accounts, cash and deposits; 50 (viii) interests in mutual funds or index funds; 51 (ix) put and call options; 52 (x) futures contracts; 53 (xi) financial assets held offshore reported on IRS tax form eight 54 thousand nine hundred thirty-eight; 55 (xii) real property; 56 (xiii) art and collectibles; S. 1570 4 1 (xiv) pension funds; 2 (xv) other assets; 3 (xvi) debts and liabilities; and 4 (xvii) assets not owned by the taxpayer but which count toward the one 5 billion dollar threshold pursuant to subsection (d) of this section. 6 (2) The commissioner shall specifically request the filing of such 7 forms by any resident individual expected to have net assets in excess 8 of one billion dollars. Such taxpayers shall include, but not be limited 9 to, (A) taxpayers listed as billionaires on published lists, and (B) 10 taxpayers with an adjusted gross income summed over the previous ten 11 years in excess of six hundred million dollars. 12 (g) In the event that any resident individual taxpayer becomes a New 13 York resident subsequent to paying tax to another state as a result of 14 recognizing gain or loss pursuant to any mark-to-market or deemed-reali- 15 zation regime of that other state, proper adjustment shall be made in 16 the amount of any gain or loss subsequently realized for gain or loss 17 taken into account under such mark-to-market or deemed-realization 18 regime of that other state for purposes of computing gain or loss under 19 subsection (a) or (b) of this section or under section six hundred 20 twelve of this part. 21 (h) In the event that any provision of this section is found to be 22 invalid, unconstitutional, or otherwise unenforceable, that finding 23 shall not affect any other provision in this section which can be 24 enforced without the use of the offending provision. 25 (i) No legal or equitable process shall issue in any proceeding in any 26 court against this state or any officer thereof to prevent or enjoin the 27 collection of the tax imposed by this section. Any action for a refund 28 of the tax imposed by this section paid, with interest, based solely on 29 a question of law involving the construction of the constitution of the 30 state or of the United States shall be heard in the court of appeals. 31 All other claims for a refund, with interest, shall be maintained in the 32 same manner as the personal income tax. 33 (j) The commissioner shall promulgate such rules and regulations 34 necessary or appropriate to carry out the purposes of this section, 35 including rules to prevent the use of year-end transfers, related 36 parties, or other arrangements to avoid the provisions of this section. 37 § 3. This act shall take effect immediately. STATE OF NEW YORK ________________________________________________________________________ 2782 2023-2024 Regular Sessions IN SENATE January 24, 2023 ___________ Introduced by Sens. BRISPORT, BRESLIN, BROUK, COMRIE, COONEY, GIANARIS, HOYLMAN-SIGAL, JACKSON, LIU, MAY, MYRIE, PARKER, RAMOS, RIVERA, SALA- ZAR, SANDERS, SEPULVEDA, SERRANO, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to establishing separate taxes on inheritance income and on gift income, amending the estate tax, and establishing a gift tax The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding two new sections 604 and 2 604-a to read as follows: 3 § 604. Separate tax on inheritance income. (a) Definitions. For the 4 purposes of this section, the following terms shall have the following 5 meanings: 6 (1) Except as otherwise provided in subsection (c) of this section, 7 "inheritance income" means any income excluded for federal tax purposes 8 from federal adjusted gross income pursuant to subsection (a) of section 9 one hundred two of the internal revenue code that is received from any 10 estate, regardless of the residence of the decedent of such estate, 11 after the federal estate tax has been paid on such income. 12 (2) "Family member" means "member of the family" as such term is 13 defined in paragraph (2) of subsection (e) of section two thousand thir- 14 ty-two-A of the internal revenue code. 15 (b) Imposition of separate tax. (1) In addition to any other tax 16 imposed by this article, there is hereby imposed for each taxable year a 17 separate tax on the total amount of inheritance income received from any 18 estate of a decedent during such taxable year by any individual who was 19 a New York state resident on the date of death of such decedent. 20 (2) The tax imposed by this subsection shall be computed as provided 21 in section six hundred twenty-four-a of this article with respect to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03717-01-3 S. 2782 2 1 residents and section six hundred thirty-seven-a of this article with 2 respect to nonresidents and part-year residents. 3 (c) Exclusions from inheritance income. (1) Educational or medical 4 expenses. A qualified transfer, as such term is defined in paragraph (2) 5 of subsection (e) of section two thousand five hundred three of the 6 internal revenue code, shall not be considered inheritance income for 7 purposes of this section. 8 (2) Spousal transfers. Transfers of property from a spouse shall not 9 be considered inheritance income for purposes of this section. 10 (3) Retirement accounts. Transfers of property consisting of pensions, 11 health savings accounts, or retirement accounts established pursuant to 12 sections four hundred one, four hundred three, four hundred eight, four 13 hundred eight-A, or four hundred fifty-seven of the internal revenue 14 code shall not be considered inheritance income for purposes of this 15 section. 16 (4) Certain residences. An individual subject to the tax imposed by 17 this section may claim not more than one of the following exclusions 18 from inheritance income, and may not claim either such exclusion for 19 more than one transfer of real property: 20 (A) Primary residences. For real property transferred to a resident, 21 nonresident or part-year resident individual that (i) serves as the 22 primary residence of the transferor of such property or of the resident, 23 nonresident, or part-year resident transferee for the ten consecutive 24 years preceding such transfer or (ii) serves as the primary residence of 25 such transferee for the five consecutive years following such transfer, 26 up to one million seven hundred fifty thousand dollars of the value of 27 such property shall not be considered inheritance income for purposes of 28 this section. 29 (B) Residential homes purchased with a federal housing administration 30 insured mortgage. For a residential home transferred to a resident, 31 nonresident or part-year resident individual that was purchased with a 32 federal housing administration insured mortgage, up to seven hundred 33 fifty thousand dollars of the value of such home shall not be considered 34 inheritance income for purposes of this section. 35 (5) Family farms. A transfer to a resident, nonresident or part-year 36 resident individual from the estate of a decedent who is a family member 37 of such individual of farmland and farm equipment shall not be consid- 38 ered inheritance income for purposes of this section provided that the 39 total value of inheritance income (including the value of such farmland 40 and farm equipment) received by such individual from such estate does 41 not exceed five million dollars, and provided further that the value of 42 such farmland and equipment constitutes over fifty percent of the total 43 value of such inheritance income received from such estate. 44 (d) Deferrals. (1) Primary residence liquidity deferral. A resident, 45 nonresident or part-year resident individual who in a taxable year 46 receives from a single estate inheritance income totaling less than five 47 million dollars, over fifty percent of the total value of which consists 48 of real property that will serve as the primary residence of such indi- 49 vidual, may elect to defer payment of the tax imposed by this section 50 until the time at which such individual sells such real property or 51 ceases using such property as a primary residence. 52 (2) Family-owned business liquidity deferral. (A) A resident, nonresi- 53 dent or part-year resident individual who in a taxable year receives 54 from the estate of a decedent who is a family member of such individual 55 inheritance income totaling less than five million dollars, over fifty 56 percent of the total value of which consists of equity interests in a S. 2782 3 1 family-owned business, may elect to defer payment of the tax imposed by 2 this section until the time at which such individual sells such busi- 3 ness, provided that during the time of deferral interest will accrue on 4 the amount of such tax at a rate equal to the federal short-term rate as 5 provided under paragraph three of subsection (j) of section six hundred 6 ninety-seven of this article. 7 (B) For the purposes of this paragraph, "family-owned business" means 8 a business for which, at the time ownership of such business is trans- 9 ferred to a resident, nonresident or part-year resident individual, the 10 transferor of such business or family members of such transferor collec- 11 tively have retained majority ownership and have materially participated 12 in the operation of such business for the ten consecutive years proceed- 13 ing such transfer. 14 § 604-a. Separate tax on gift income. (a) Definitions. For the 15 purposes of this section, the following terms shall have the following 16 meanings: 17 (1) "Gift income" means the value of any taxable gifts, as such term 18 is defined in section one thousand of this chapter, received by an indi- 19 vidual who is a New York state resident at the time of receiving such 20 gifts. 21 (2) "Family member" means "member of the family" as such term is 22 defined in paragraph (2) of subsection (e) of section two thousand thir- 23 ty-two-A of the internal revenue code. 24 (b) Imposition of separate tax. (1) In addition to any other tax 25 imposed by this article, there is hereby imposed for each taxable year a 26 separate tax on gift income received during such taxable year by any 27 resident or part-year resident individual. 28 (2) The tax imposed by this section shall be computed as provided in 29 section six hundred twenty-four-b of this article with respect to resi- 30 dents and section six hundred thirty-seven-b of this article with 31 respect to part-year residents. 32 (c) Exclusions from gift income. (1) Educational or medical expenses. 33 A qualified transfer, as such term is defined in paragraph (2) of 34 subsection (e) of section two thousand three of the internal revenue 35 code, shall not be considered gift income for purposes of this section. 36 (2) Spousal transfers. Transfers of property from a spouse shall not 37 be considered gift income for purposes of this section. 38 (3) Retirement accounts. Transfers of property consisting of pensions, 39 health savings accounts, or retirement accounts established pursuant to 40 sections four hundred one, four hundred three, four hundred eight, four 41 hundred eight-A, or four hundred fifty-seven of the internal revenue 42 code shall not be considered gift income for purposes of this section. 43 (4) Family farms. A transfer to a resident or part-year resident indi- 44 vidual from a donor who is a family member of such individual of farm- 45 land and farm equipment shall not be considered gift income for purposes 46 of this section provided that the total value of gift income (including 47 the value of such farmland and farm equipment) received by such individ- 48 ual from such donor does not exceed one million dollars. 49 (d) Family-owned business liquidity deferral. (1) A resident or part- 50 year resident individual who in a taxable year receives from a donor who 51 is a family member of such individual gift income totaling less than 52 five million dollars, over fifty percent of the total value of which 53 consists of equity interests in a family-owned business, may elect to 54 defer payment of the tax imposed by this section until the time at which 55 such individual sells such equity interests, provided that during the 56 time of deferral interest will accrue on the amount of such tax at a S. 2782 4 1 rate equal to the federal short-term rate as provided under paragraph 2 three of subsection (j) of section six hundred ninety-seven of this 3 article. 4 (2) For the purposes of this subsection, "family-owned business" means 5 a business for which, at the time ownership of such business is trans- 6 ferred to a resident or part-year resident individual, the transferor of 7 such business or family members of such transferor collectively have 8 retained majority ownership and have materially participated in the 9 operation of such business for the ten consecutive years proceeding such 10 transfer. 11 § 2. The tax law is amended by adding a new section 620-b to read as 12 follows: 13 § 620-b. Credit against separate tax on inheritance income. A resident 14 shall be allowed a credit against the tax imposed by section six hundred 15 four of this article in the amount of the estate tax imposed by article 16 twenty-six of this chapter or any estate or inheritance tax imposed by 17 another state of the United States, a political subdivision of such 18 state, or the District of Columbia, upon any inheritance income, as such 19 term is defined in such section, received by such resident in a taxable 20 year. Such resident may elect to calculate the amount of such credit in 21 accordance with either subsection (a) or subsection (b) of this section. 22 (a) The amount of credit allowed pursuant to this section may be 23 calculated by multiplying the total amount of estate or inheritance tax 24 imposed by this state, another state of the United States, a political 25 subdivision of such state, or the District of Columbia on the estate 26 from which such resident has received inheritance income by a fraction, 27 the numerator of which is the amount of inheritance income received by 28 such resident from such estate and the denominator of which is the total 29 value of such estate after the federal estate tax has been paid but 30 before the estate tax of this state, or any estate or inheritance tax 31 imposed by another state of the United States, a political subdivision 32 of such state, or the District of Columbia, has been paid. In order to 33 calculate such credit in accordance with this subsection, such resident 34 must know the total amount of estate or inheritance tax imposed on such 35 estate by this state, another state of the United States, a political 36 subdivision of such state, or the District of Columbia and the total 37 value of such estate after the federal estate tax has been paid but 38 before the estate or inheritance tax of this state, another state of the 39 United States, a political subdivision of such state, or the District of 40 Columbia, has been paid. 41 (b) The amount of credit allowed pursuant to this section may be 42 calculated as equal to the amount of estate tax or inheritance tax of 43 this state, another state of the United States, a political subdivision 44 of such state, or the District of Columbia, that would be imposed on the 45 estate from which such resident receives inheritance income as if such 46 inheritance income were equal to the total value of such estate. 47 § 3. The tax law is amended by adding two new sections 624-a and 624-b 48 to read as follows: 49 § 624-a. Computation of separate tax on inheritance income received by 50 a resident individual. The amount of tax imposed under section six 51 hundred four of this article for any taxable year, with respect to 52 inheritance income received by a resident individual, shall be deter- 53 mined in accordance with the following table: 54 For taxable years beginning after two thousand twenty-two: 55 If the inheritance income is: The tax is: 56 Not over $250,000 0% of inheritance income S. 2782 5 1 Over $250,000 but not over $500,000 $0 plus 5% of excess over $250,000 2 Over $500,000 but not over $12,500 plus 15% of excess over 3 $1,000,000 $500,000 4 Over $1,000,000 but not over $87,500 plus 30% of excess over 5 $2,000,000 $1,000,000 6 Over $2,000,000 but not over $387,000 plus 40% of excess over 7 $10,000,000 $2,000,000 8 Over $10,000,000 $3,587,500 plus 50% of excess over 9 $10,000,000 10 § 624-b. Computation of separate tax on gift income received by a 11 resident individual. The amount of tax imposed under section six hundred 12 four-a of this part for any taxable year, with respect to gift income 13 received by a resident individual, shall be determined in accordance 14 with the following table: 15 If the gift income is: The tax is: 16 Not over $50,000 0% of gift income 17 Over $50,000 but not over $100,000 $0 plus 5% of excess over $50,000 18 Over $100,000 but not over $2,500 plus 15% of excess over 19 $200,000 $100,000 20 Over $200,000 but not over $17,500 plus 30% of excess over 21 $400,000 $200,000 22 Over $400,000 but not over $77,500 plus 40% of excess over 23 $2,000,000 $400,000 24 Over $2,000,000 $717,500 plus 50% of excess over 25 $2,000,000 26 § 4. The tax law is amended by adding three new sections 637-a, 637-b 27 and 640 to read as follows: 28 § 637-a. Computation of separate tax on inheritance income received by 29 nonresident or part-year resident individuals. The amount of tax imposed 30 under section six hundred four of this article for any taxable year, 31 with respect to inheritance income received by a nonresident or part- 32 year resident individual, shall be determined in accordance with the 33 following table: 34 (a) For taxable years beginning after two thousand twenty-two: 35 If the inheritance income is: The tax is: 36 Not over $250,000 0% of inheritance income 37 Over $250,000 but not over $500,000 $0 plus 5% of excess over $250,000 38 Over $500,000 but not over $12,500 plus 15% of excess over 39 $1,000,000 $500,000 40 Over $1,000,000 but not over $87,500 plus 30% of excess over 41 $2,000,000 $1,000,000 42 Over $2,000,000 but not over $387,000 plus 40% of excess 43 $10,000,000 over $2,000,000 44 Over $10,000,000 $3,587,500 plus 50% of excess over 45 $10,000,000 46 § 637-b. Computation of separate tax on gift income received by part- 47 year resident individuals. The amount of tax imposed under section six 48 hundred four-a of this article for any taxable year, with respect to 49 gift income received by a part-year resident individual, shall be deter- 50 mined in accordance with the following table: 51 If the gift income is: The tax is: 52 Not over $50,000 0% of gift income 53 Over $50,000 but not over $100,000 $0 plus 5% of excess over $50,000 54 Over $100,000 but not over $200,000 $2,500 plus 15% of excess over 55 $100,000 56 Over $200,000 but not over $17,500 plus 30% of excess over S. 2782 6 1 $400,000 $200,000 2 Over $400,000 but not over $77,500 plus 40% of excess over 3 $2,000,000 $400,000 4 Over $2,000,000 $717,500 plus 50% of excess over 5 $2,000,000 6 § 640. Credits against separate tax on inheritance income. A nonresi- 7 dent or part-year resident individual shall be allowed a credit against 8 the tax imposed by section six hundred four of this article in the 9 amount of the estate tax imposed by article twenty-six of this chapter, 10 or of any estate or inheritance tax imposed by another state of the 11 United States, a political subdivision of such state, or the District of 12 Columbia, upon any inheritance income, as such term is defined in such 13 section, received by such individual in a taxable year. Such individual 14 may elect to calculate the amount of such credit in accordance with 15 either subsection (a) or subsection (b) of this section. 16 (a) The amount of credit allowed pursuant to this section may be 17 calculated by multiplying the total amount of estate or inheritance tax 18 imposed by this state, another state of the United States, a political 19 subdivision of such state, or the District of Columbia on the estate 20 from which such individual has received inheritance income by a frac- 21 tion, the numerator of which is the amount of inheritance income 22 received by such individual from such estate and the denominator of 23 which is the total value of such estate after the federal estate tax has 24 been paid but before the estate tax of this state, or any estate or 25 inheritance tax imposed by another state of the United States, a poli- 26 tical subdivision of such state, or the District of Columbia, has been 27 paid. In order to calculate such credit in accordance with this 28 subsection, such individual must know the total amount of estate or 29 inheritance tax imposed on such estate by this state, another state of 30 the United States, a political subdivision of such state, or the 31 District of Columbia and the total value of such estate after the feder- 32 al estate tax has been paid but before the estate or inheritance tax of 33 this state, another state of the United States, a political subdivision 34 of such state, or the District of Columbia, has been paid. 35 (b) The amount of credit allowed pursuant to this section may be 36 calculated as equal to the amount of estate tax or inheritance tax of 37 this state, another state of the United States, a political subdivision 38 of such state, or the District of Columbia that would be imposed on the 39 estate from which such individual receives inheritance income as if such 40 inheritance income were equal to the total value of such estate. 41 § 5. Section 951-a of the tax law is amended by adding a new 42 subsection (g) to read as follows: 43 (g) The term "New York taxable gifts" has the same meaning as provided 44 in section one thousand of this chapter. 45 § 6. Section 952 of the tax law, as amended by section 2 of part X of 46 chapter 59 of the laws of 2014, subsection (b) as amended by section 1 47 of part BB of chapter 59 of the laws of 2015, is amended to read as 48 follows: 49 § 952. Tax imposed. (a) A tax is hereby imposed on the transfer of the 50 New York estate by every deceased individual who at his or her death was 51 a resident of New York state. 52 (b) Computation of tax. The tax imposed by this section shall be 53 computed on the deceased resident's New York taxable estate as follows: 54 (1) In the case of decedents dying before April 1, 2023: S. 2782 7 1 If the New York taxable estate is: The tax is: 2 Not over $500,000 3.06% of taxable estate 3 Over $500,000 but not over $1,000,000 $15,300 plus 5.0% of excess over 4 $500,000 5 Over $1,000,000 but not over $1,500,000 $40,300 plus 5.5% of excess over 6 $1,000,000 7 Over $1,500,000 but not over $2,100,000 $67,800 plus 6.5% of excess over 8 $1,500,000 9 Over $2,100,000 but not over $2,600,000 $106,800 plus 8.0% of excess 10 over $2,100,000 11 Over $2,600,000 but not over $3,100,000 $146,800 plus 8.8% of excess over 12 $2,600,000 13 Over $3,100,000 but not over $3,600,000 $190,800 plus 9.6% of excess over 14 $3,100,000 15 Over $3,600,000 but not over $4,100,000 $238,800 plus 10.4% of excess 16 over $3,600,000 17 Over $4,100,000 but not over $5,100,000 $290,800 plus 11.2% of excess 18 over $4,100,000 19 Over $5,100,000 but not over $6,100,000 $402,800 plus 12.0% of excess 20 over $5,100,000 21 Over $6,100,000 but not over $7,100,000 $522,800 plus 12.8% of excess 22 over $6,100,000 23 Over $7,100,000 but not over $8,100,000 $650,800 plus 13.6% of excess 24 over $7,100,000 25 Over $8,100,000 but not over $9,100,000 $786,800 plus 14.4% of excess 26 over $8,100,000 27 Over $9,100,000 but not over $930,800 plus 15.2% of excess over 28 $10,100,000 $9,100,000 29 Over $10,100,000 $1,082,800 plus 16.0% of excess 30 over $10,100,000 31 (2) In the case of decedents dying on or after April 1, 2023: 32 If the New York taxable estate plus The tax is: 33 the lifetime amount of New York 34 taxable gifts is: 35 Not over $750,000 0% of taxable estate 36 Over $750,000 but not over $0 plus 5% of excess over $750,000 37 $1,500,000 38 Over $1,500,000 but not over $37,500 plus 15% of excess over 39 $3,000,000 $1,500,000 40 Over $3,000,000 but not over $262,500 plus 30% of excess over 41 $6,000,000 $3,000,000 42 Over $6,000,000 but not over $1,162,500 plus 40% of excess 43 $30,000,000 over $6,000,000 44 Over $30,000,000 $10,762,500 plus 50% of excess over 45 $30,000,000 46 (c) Applicable credit amount. (1) [A] In the case of any decedent 47 dying before April first, two thousand twenty-three, a credit of the 48 applicable credit amount shall be allowed against the tax imposed by 49 this section as provided in this subsection. In the case of such a dece- 50 dent whose New York taxable estate is less than or equal to the basic 51 exclusion amount, the applicable credit amount shall be the amount of 52 tax that would be due under subsection (b) of this section on such 53 decedent's New York taxable estate. In the case of such a decedent whose 54 New York taxable estate exceeds the basic exclusion amount by an amount 55 that is less than or equal to five percent of such amount, the applica- 56 ble credit amount shall be the amount of tax that would be due under S. 2782 8 1 subsection (b) of this section if the amount on which the tax is to be 2 computed were equal to the basic exclusion amount multiplied by one 3 minus a fraction, the numerator of which is the decedent's New York 4 taxable estate minus the basic exclusion amount, and the denominator of 5 which is five percent of the basic exclusion amount. Provided, however, 6 that the credit allowed by this subsection shall not exceed the tax 7 imposed by this section, and no credit shall be allowed to the estate of 8 any decedent whose New York taxable estate exceeds one hundred five 9 percent of the basic exclusion amount. 10 (2) (A) For purposes of this section, the basic exclusion amount shall 11 be as follows: 12 In the case of decedents dying on or after: The basic exclusion amount 13 is: 14 April 1, 2014 and before April 1, 2015 $ 2,062,500 15 April 1, 2015 and before April 1, 2016 3,125,000 16 April 1, 2016 and before April 1, 2017 4,187,500 17 April 1, 2017 and before January 1, 2019 5,250,000 18 (B) In the case of any decedent dying [in a calendar year beginning] 19 on or after January first, two thousand nineteen and before April first, 20 two thousand twenty-three, the basic exclusion amount shall be equal to: 21 (i) five million dollars, multiplied by 22 (ii) one plus the cost-of-living adjustment, which shall be the 23 percentage by which the consumer price index for the preceding calendar 24 year exceeds the consumer price index for calendar year two thousand 25 ten. 26 (C) (i) For purposes of this paragraph, "consumer price index" means 27 the most recent consumer price index for all-urban consumers published 28 by the United States department of labor. 29 (ii) For purposes of clause (ii) of subparagraph (B) of this para- 30 graph, the consumer price index for any calendar year shall be the aver- 31 age of the consumer price index as of the close of the twelve-month 32 period ending on August thirty-first of such calendar year. 33 (iii) If any amount adjusted under this paragraph is not a multiple of 34 ten thousand dollars, such amount shall be rounded to the nearest multi- 35 ple of ten thousand dollars. 36 (d) Credit for lifetime gift taxes paid. In the case of a decedent 37 dying on or after April first, two thousand twenty-three, a credit shall 38 be allowed against the tax imposed by this section equal to the total 39 amount of gift tax imposed by section one thousand one of this chapter 40 paid by such decedent during the lifetime of such decedent. 41 § 7. Subsection (a) of section 954 of the tax law is amended by adding 42 six new paragraphs 5, 6, 7, 8, 9 and 10 to read as follows: 43 (5) Reduced by the amount of any qualified transfer, as such term is 44 defined in paragraph (2) of subsection (e) of section two thousand five 45 hundred three of the internal revenue code, to the extent the amount of 46 such transfer is included in the decedent's federal gross estate. 47 (6) Reduced by the value of any transfers of property consisting of 48 pensions, health savings accounts, or retirement accounts established 49 pursuant to sections four hundred one, four hundred three, four hundred 50 eight, four hundred eight-A, or four hundred fifty-seven of the internal 51 revenue code to the extent the amount of any such transfer is included 52 in the decedent's federal gross estate. 53 (7) Reduced by one of the following, but not both, with respect to not 54 more than one transfer of real property: 55 (A) Up to one million seven hundred fifty thousand dollars of the 56 value of real property transferred to an individual that (i) served as S. 2782 9 1 the primary residence of the decedent or of such individual for the ten 2 consecutive years preceding such transfer or (ii) serves as the primary 3 residence of such individual for the five consecutive years following 4 such transfer to the extent the value of such real property is included 5 in the decedent's federal gross estate; or 6 (B) Up to seven hundred fifty thousand dollars of the value of a resi- 7 dential home that was purchased with a federal housing administration 8 insured mortgage to the extent the value of such residential home is 9 included in the decedent's federal gross estate. 10 (8) Reduced by the value of farmland and farm equipment transferred to 11 an individual from the estate of a family member of such individual to 12 the extent the value of such farmland and equipment is included in the 13 decedent's federal gross estate, provided that the total value of all 14 transfers from such estate to such individual is less than five million 15 dollars, and provided further that the value of such farmland and equip- 16 ment constitutes over fifty percent of the total value of such trans- 17 fers. For the purposes of this paragraph, "family member" has the same 18 meaning as provided in section six hundred four of this chapter. 19 (9) Reduced by the value of real property transferred by the estate of 20 the decedent to an individual who was a resident of this state on the 21 date of death of such decedent that will serve as the primary residence 22 of such individual, provided that the total value of all transfers from 23 such estate to such individual is less than five million dollars and 24 provided that the value of such real property constitutes over fifty 25 percent of the total value of such transfers; and provided further that 26 such estate and such individual agree in writing at the time of transfer 27 that such individual will be liable for any inheritance tax imposed by 28 section six hundred four of this chapter on the transfer of such proper- 29 ty that may be deferred and paid upon disposition of such property as 30 provided in paragraph one of subsection (d) of such section. 31 (10) Reduced by the value of a family-owned business transferred by 32 the estate of the decedent to an individual who was a resident of this 33 state on the date of death of such decedent, provided that the total 34 value of all transfers from such estate to such individual is less than 35 five million dollars and provided that the value of such family-owned 36 business constitutes over fifty percent of the total value of such 37 transfers; and provided further that such estate and such individual 38 agree in writing at the time of transfer that such individual will be 39 liable for any inheritance tax imposed by section six hundred four of 40 this chapter on the transfer of such family-owned business that may be 41 deferred and paid upon disposition of such business as provided in para- 42 graph two of subsection (d) of such section. For the purposes of this 43 paragraph, the term "family-owned business" has the same meaning as 44 provided in subparagraph (B) of paragraph two of subsection (d) of 45 section six hundred four of this chapter. 46 § 8. Subsection (a) of section 955 of the tax law, as added by section 47 4 of part X of chapter 59 of the laws of 2014, is amended to read as 48 follows: 49 (a) General.--The taxable estate of a New York resident shall be his 50 or her New York gross estate, minus the deductions allowable for deter- 51 mining his or her federal taxable estate under the internal revenue code 52 (whether or not a federal estate tax return is required to be filed), 53 except to the extent that such deductions relate to real or tangible 54 personal property sitused outside New York state, reduced by the amount 55 of federal estate tax imposed on the estate of such resident, provided 56 that with respect to the estate of a decedent who on the date of such S. 2782 10 1 decedent's death was a not a resident of New York, the New York gross 2 estate shall be reduced only by an amount equal to the total amount of 3 federal estate tax imposed on such estate multiplied by a fraction the 4 numerator of which is the value of property contained in such estate 5 that is subject to the tax imposed by section nine hundred sixty of this 6 part and the denominator of which is the total value of such estate. 7 § 9. The tax law is amended by adding a new article 26-A to read as 8 follows: 9 ARTICLE 26-A 10 GIFT TAX 11 Section 1000. Definitions. 12 1001. Tax imposed. 13 1002. Rate of tax. 14 1003. Administration. 15 § 1000. Definitions. (a) "Taxable gifts" means the transfers by gift 16 which are included in taxable gifts for federal gift tax purposes under 17 section 2503 and sections 2511 to 2514, inclusive, and sections 2516 to 18 2519, inclusive, of the internal revenue code, less the deductions 19 allowed in sections 2522 to 2524, inclusive, of such code. 20 (b) (1) Except as otherwise provided in paragraph two of this 21 subsection, "New York taxable gifts" means taxable gifts made during a 22 taxable year commencing on or after January first, two thousand twenty- 23 four, that are (i) for residents, taxable gifts, wherever located, 24 except for gifts of real estate or tangible personal property located 25 outside New York and (ii) for nonresidents of this state, gifts of real 26 estate or tangible personal property located within New York. 27 (2) Gifts made to any person by the donor during the calendar year for 28 which a tax is imposed on such person for the receipt of such gift by 29 this state, another state of the United States, a political subdivision 30 of such state, or the District of Columbia, including the tax imposed by 31 section six hundred four-a of this chapter, shall not for the purposes 32 of paragraph one of this subsection be included in the total amount of 33 New York taxable gifts made during such year. 34 (c) In the administration of the tax under this article, the commis- 35 sioner shall apply the provisions of sections 2701 to 2704, inclusive, 36 of the internal revenue code, and the term "secretary or his delegate" 37 as used in such sections means the commissioner. 38 § 1001. Tax imposed. For the calendar year commencing on January 39 first, two thousand twenty-four, and for each year thereafter, a tax 40 computed as provided in section one thousand two of this article is 41 hereby imposed on the transfer of property by gift during a taxable year 42 by any resident or nonresident individual. 43 § 1002. Rate of tax. With respect to New York taxable gifts, as 44 defined in section one thousand of this article, made by a donor during 45 a calendar year commencing on or after January first, two thousand twen- 46 ty-four, including the aggregate amount of all New York taxable gifts 47 made by the donor during all calendar years commencing on or after Janu- 48 ary first, two thousand twenty-four, the tax imposed by section one 49 thousand one of this article for the calendar year shall be at the rate 50 set forth in the following schedule, with a credit allowed against such 51 tax for any tax previously paid to this state pursuant to this section, 52 provided such credit shall not exceed the amount of tax imposed by this 53 section: 54 If the amount of New York 55 taxable gifts is: The tax is: 56 Not over $750,000 0% of taxable gifts S. 2782 11 1 Over $750,000 but not over $0 plus 5% of excess over $750,000 2 $1,500,000 3 Over $1,500,000 but not over $37,500 plus 15% of excess over 4 $3,000,000 $1,500,000 5 Over $3,000,000 but not over $262,500 plus 30% of excess over 6 $6,000,000 $3,000,000 7 Over $6,000,000 but not over $1,162,500 plus 40% of excess 8 $30,000,000 over $6,000,000 9 Over $30,000,000 $10,762,500 plus 50% of excess over 10 $30,000,000 11 § 1003. Administration. The commissioner shall promulgate rules and 12 regulations necessary and appropriate to effectuate the provisions of 13 this article, including the establishment of deadlines and procedures 14 for the filing of gift tax returns by any resident or nonresident of 15 this state who gave New York taxable gifts during a taxable year. 16 § 10. This act shall take effect immediately. COMMON COUNCIL OF THE CITY OF ALBANY ACTIVE LEGISLATION PREVIOUSLY INTRODUCED LEGISLATION NOW UNDER CONSIDERATION OCTOBER 21, 2024 RESOLUTIONS 54.53.24R A RESOLUTION OF THE COMMON COUNCIL ENCOURAGING OUR COMMUNITY TO SUPPORT THE EQUAL RIGHTS AMENDMENT 107.101.24R A RESOLUTION OF THE COMMON COUNCIL APPROVING A TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL (Revised 10/16/24) Council Members Keegan, Adams, Anane, Balarin, Clarke, Farrell, Flynn, Frederick, Hoey, Johnson, Kimbrough, Love, Robinson, Romero and Zamer introduced the following: RESOLUTION 54.53.24R A RESOLUTION OF THE COMMON COUNCIL ENCOURAGING OUR COMMUNITY TO SUPPORT THE EQUAL RIGHTS AMENDMENT WHEREAS, the New York State Constitution prohibits discrimination based on race and religion there are no such protections for gender, sexual orientation, national origin, and other such protected classes; and WHEREAS, the Equal Rights Amendment would expand protection from discrimination to gender, sexual orientation, gender identity or expression, age, disability, ancestry or national origin; and WHEREAS, the Equal Rights Amendment has been passed by the New York State Legislature twice in 2022 and 2023; and WHEREAS, such protections from discrimination do not exist in the Federal Constitution and are therefore not guaranteed to all United States Citizens; and WHEREAS, the Federal Courts have ruled that the Equal Protection Clause specifically does not apply to women; and WHEREAS, the Equal Rights Amendment, originally proposed in 1923 by Alice Paul and Crystal Eastman was originally passed by the United States Congress in 1972 and remanded to the states for ratification under Article 5 of the United States Constitution; and WHEREAS, the Equal Rights Amendment failed to be ratified by the states denying half the country’s population equal rights under the law; and WHEREAS, the New York State Equal Rights Amendment will ensure that not only women but other individuals who have been targeted for discrimination will be treated equally under the law; and WHEREAS, the New York State Equal Rights Amendment will be on the ballot this coming November 5, 2024; and NOW, THEREFORE, BE IT RESOLVED, that the Albany Common Council encourages our community members to vote yes on the Equal Rights Amendment and vote in support of increased equity and protections under the New York State Constitution. To: Shaniqua Jackson, City Clerk From: Meghan Keegan, 9th Ward Council Member Re: Common Council Legislation Supporting Memorandum Date: May 2, 2024 Sponsor: Council Members Keegan, Adams, Anane, Balarin, Farrell, Flynn, Frederick, Hoey, Johnson, Kimbrough, Love, Robinson, Romero and Zamer RESOLUTION 54.53.24R TITLE A RESOLUTION OF THE COMMON COUNCIL ENCOURAGING OUR COMMUNITY TO SUPPORT THE EQUAL RIGHTS AMENDMENT GENERAL PURPOSE OF LEGISLATION This resolution encourages Albany residents to vote in support of the Equal Rights Amendment this coming November. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW N/A FISCAL IMPACT None. Council Member Frederick, on behalf of the Committee on Finance, Assessment, and Taxation, introduced the following: RESOLUTION 107.101.24R A RESOLUTION OF THE COMMON COUNCIL APPROVING A TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL WHEREAS, section 604 (D)(b) of the Charter of the City of Albany dictates that any transfer of budgeted funds that affects a salary rate or salary total, occurring after the adoption of the annual budget, requires the approval of the Common Council; and WHEREAS, the Department of Fire and Emergency Services has requested a change in the authorized positons included in the 2024 City Budget for the Departments to accommodate a change in title; and WHEREAS, the Police Department has requested additional staffing for the operation of the City’s automated traffic enforcement systems; and WHEREAS, in furtherance of these requests, the Budget Director has requested that the amendments reflected in the subsequent chart to the authorized positions included in the 2024 City Budget be made; Action Title Budget Line Grade Range Create (5) Program Technician A.3210.Positions PN.9 43,050 – 49,572 Create Administrative Assistant A.3410.Positions W.3 39,000 – 58,500 Delete Clerk Stenographer II A.3410.Positions W.2 35,500 – 53,300 and WHEREAS, in furtherance of this request, the Budget Director has requested that the transfers of funds reflected in the subsequent chart be made; and Action G/L Account Budget Line Amount Increase Traffic Violation Revenue A.1000.2610.02 $50,000 Increase Salaries (Police) A.3120.7000 $50,000 NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of Albany consents to the above transfers of budgeted funds affecting a salary rate or salary total in order to effectuate the change in City staffing for 2024. To: Shaniqua Jackson, City Clerk From: Brett Williams, Esq., Senior Assistant Corporation Counsel Re: Common Council Legislation Supporting Memorandum Date: September 18, 2024 Sponsor: Council Member Frederick o/b/o Finance Committee RESOLUTION 107.101.24R TITLE A RESOLUTION OF THE COMMON COUNCIL APPROVING A TRANSFER OF BUDGETED FUNDS AND A CHANGE IN THE AUTHORIZED POSITIONS INCLUDED IN THE 2024 CITY BUDGET, WHICH WILL AFFECT A SALARY RATE OR SALARY TOTAL GENERAL PURPOSE OF LEGISLATION The purpose of the legislation is to adjust staffing within the Department of Fire and Emergency Services to retire a title no longer in use and update the role to an active title. Additionally, the Police Department requires additional staff to operate the City’s automated red light and school speed enforcement equipment. This staff will be fully funded by additional traffic violation revenues. NECESSITY FOR LEGISLATION AND ANY CHANGE TO EXISTING LAW Pursuant to section 604 (D)(b) of the City Charter “any transfer of budgeted funds that affects any salary rate or salary total” requires the approval of the Common Council. FISCAL IMPACT Increase in personal service expense of approximately $50,000. However, increased traffic enforcement revenues in an equal amount will offset this increase.