Business Improvement District Plan
Table of Contents
B.1 Description of the Boundaries of the
District
B.2 The Area, Present and Proposed Uses
B.6 Time for Completing the Plan
B.9 District Management Association for the
District
The
boundaries of the proposed District, including all of the following benefiting
properties are: Beginning at the intersection of Nepperhan Avenue and School
Street; west on Nepperhan Avenue; proceeding south on South Broadway including
Lots 127, 125 of Block 495 and Lots 27, 26, 24, 22 and 18 of Block 496; thence
west to Prospect Street; thence west to Buena Vista Avenue, excluding Block 511;
thence west to an extension of Prospect Street, including Lots 1 and 17, Block
512, west to the side of property labeled New York Central RR Co.; thence south
to the southern edge of Lot 40, Block 643; thence west to the Hudson River;
thence north to Wells Avenue, thence east to North Broadway thence north
including lots 42, 43, 44, 45, 46, 48, 49, 50, 53, 54, 58, 59, 60 and 62 of
Block 2014; thence south to including Lots 70, 69, 68, 67, 62,59, 57, 56, 55,
52, 51, 50, 48, 46, 45, 44, 41, 40, 39, 37, 36, 35 and 32 of Block 2018 and Lots
63, 61, 60, 59, 58, 56, 54, 52, 51, 50, 48 and 45 of Block 2027; continuing
south on School Street to Nepperhan Avenue.
B.2
The Area, Present and Proposed Uses
The
area proposed for inclusion in the Business Improvement District (BID)
represents the traditional central business district of the City of Yonkers, NY.
It is the site of the principal office buildings and retail structures. It
includes, generally, the Chicken Island, Getty Square and Waterfront sub-areas,
as well as the municipal buildings and the library. Important existing features
include the renovated Otis Elevator factory (�i.Park�), now mainly office space,
and the Metro North railroad station.
To be created within the
next two years are a large residential project near the water�s edge and within
walking distance of the train station, a water taxi service to Lower Manhattan,
a parking garage, residential lofts and a cluster of restaurants.
The area slopes from east to
west where it touches the shore of the Hudson River.
The Services proposed to be
financed by an assessment on real property include the following:
Code
Enforcement and District Management
The District Corporation
will supplement the City�s code enforcement program within the District in a
cooperative venture that will utilize the District's Director to identify and
report code violations to the City and provide information and guidance to
owners regarding how to avoid code problems and how to enhance the appearance of
their properties. The maximum annual cost of this service will be $140,000.
The services provided by the
City�s financial assistance for the first three years of the District�s
authorized program include the following:
Fa�ade
Improvements and Marketing
The City will provide
funding to enable the District to complement the code enforcement activities
with financial and design assistance to owners willing to make acceptable
improvements to their fa�ades and commercial signs.
In addition, the District Corporation, in partnership with the City, will promote the economic advancement of properties throughout the District through supplementary marketing coordinated with City-sponsored marketing.
The
total annual costs for all services will be approximately $270,000 of which
$140,000 will be borne by assessed and benefiting properties.
Approximately half of the
funds will be raised through an assessment on District properties. The City,
drawing to the extent possible on federal funds, will provide the balance.
B.6
Time for Implementation and Completion of Plan
It is estimated that it will
require five years to implement and complete the Plan.
No changes in rules and
regulations are contemplated in this plan.
B.8
List of Properties Benefited and Method By Which the Expenses of the District
Will Be Imposed Upon Benefited Real Property
The draft list of properties
is found in the section following this page.
The method of assessing real
property is the following:
1.
Non-residential Property 6% of Taxes
2.
Mixed Use Property 6% of Taxes
B.9
Identity of District Management Association for the District
The District�s Management Association is the Downtown/Waterfront Business Improvement District, Inc. of Yonkers, NY.
